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Canadian (TSX) Biotech Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies27
- 7D5.0%
- 3M12.4%
- 1Y23.3%
- YTD3.2%
The Biotech industry is up 5.2% in the last week, with Bright Minds Biosciences up 18%. During this same period, the Sharp Therapeutics underperformed, falling 32%. In the last 12 months, the industry was up 25%. Looking forward, earnings are expected to remain mostly flat in the next few years.
Industry Valuation and Performance
Has the Canadian Biotech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | CA$2.5b | CA$95.7m | -CA$243,840,300.65 | 24.1x | -10.4x | 26.5x |
| Sun, 07 Dec 2025 | CA$2.4b | CA$98.0m | -CA$235,617,684.98 | 22.8x | -10.1x | 24.3x |
| Tue, 04 Nov 2025 | CA$2.2b | CA$95.8m | -CA$232,332,114.15 | 26.7x | -9.3x | 22.6x |
| Thu, 02 Oct 2025 | CA$2.0b | CA$95.7m | -CA$225,783,805.71 | 24.7x | -8.8x | 20.7x |
| Sat, 30 Aug 2025 | CA$1.5b | CA$90.8m | -CA$202,552,503.61 | 28.5x | -7.5x | 16.8x |
| Mon, 28 Jul 2025 | CA$1.6b | CA$91.1m | -CA$271,255,056.85 | 22.8x | -5.8x | 17.3x |
| Wed, 25 Jun 2025 | CA$1.5b | CA$90.7m | -CA$286,511,517.55 | 22.3x | -5.2x | 16.4x |
| Fri, 23 May 2025 | CA$1.5b | CA$91.6m | -CA$294,137,799.44 | 23.2x | -5.2x | 16.6x |
| Sun, 20 Apr 2025 | CA$1.4b | CA$92.1m | -CA$285,664,026.66 | 19.5x | -4.8x | 15x |
| Tue, 18 Mar 2025 | CA$1.6b | CA$88.6m | -CA$310,619,480.38 | 20.8x | -5x | 17.6x |
| Thu, 13 Feb 2025 | CA$1.7b | CA$87.5m | -CA$318,693,777.76 | 24.7x | -5.2x | 19.1x |
| Sat, 11 Jan 2025 | CA$1.5b | CA$87.5m | -CA$319,428,071.80 | 24.5x | -4.6x | 16.8x |
| Mon, 09 Dec 2024 | CA$1.5b | CA$83.4m | -CA$311,247,281.09 | 8.7x | -4.7x | 17.7x |
| Wed, 06 Nov 2024 | CA$1.5b | CA$80.4m | -CA$281,510,905.59 | 8.4x | -5.3x | 18.6x |
| Fri, 04 Oct 2024 | CA$1.0b | CA$80.2m | -CA$277,869,626.46 | 9.5x | -3.6x | 12.5x |
| Sun, 01 Sep 2024 | CA$996.5m | CA$80.2m | -CA$281,082,242.37 | 10.2x | -3.5x | 12.4x |
| Tue, 30 Jul 2024 | CA$1.1b | CA$76.2m | -CA$341,169,444.05 | 10.6x | -3.3x | 14.8x |
| Thu, 27 Jun 2024 | CA$1.1b | CA$76.8m | -CA$340,065,403.85 | 10.8x | -3.2x | 14.4x |
| Sat, 25 May 2024 | CA$1.1b | CA$77.1m | -CA$368,270,880.84 | 10.8x | -3x | 14.5x |
| Mon, 22 Apr 2024 | CA$875.4m | CA$79.5m | -CA$301,686,831.12 | 12.6x | -2.9x | 11x |
| Wed, 20 Mar 2024 | CA$1.1b | CA$91.6m | -CA$320,474,387.43 | 11.1x | -3.4x | 12x |
| Fri, 16 Feb 2024 | CA$1.1b | CA$87.2m | -CA$326,963,265.85 | 10.6x | -3.4x | 12.7x |
| Sun, 14 Jan 2024 | CA$3.6b | CA$86.2m | -CA$516,253,628.00 | 6.8x | -6.9x | 41.3x |
| Tue, 12 Dec 2023 | CA$3.7b | CA$86.1m | -CA$542,994,316.00 | 5.6x | -6.9x | 43.4x |
| Thu, 09 Nov 2023 | CA$3.7b | CA$89.0m | -CA$543,419,034.00 | 8.4x | -6.9x | 42.1x |
| Sat, 07 Oct 2023 | CA$3.8b | CA$89.0m | -CA$525,742,736.00 | 6.2x | -7.3x | 43.1x |
| Mon, 04 Sep 2023 | CA$4.0b | CA$87.4m | -CA$509,846,291.00 | 6.1x | -7.9x | 45.9x |
| Wed, 02 Aug 2023 | CA$4.0b | CA$81.9m | -CA$517,017,880.00 | 6.8x | -7.7x | 48.8x |
| Fri, 30 Jun 2023 | CA$4.0b | CA$81.6m | -CA$512,797,908.00 | 13.3x | -7.8x | 49.3x |
| Sun, 28 May 2023 | CA$3.8b | CA$86.7m | -CA$608,213,439.00 | 11.1x | -6.3x | 44x |
| Tue, 25 Apr 2023 | CA$3.7b | CA$83.8m | -CA$598,390,469.00 | 12.8x | -6.2x | 44.5x |
| Thu, 23 Mar 2023 | CA$2.6b | CA$90.9m | -CA$624,879,164.00 | 9.2x | -4.2x | 28.9x |
| Sat, 18 Feb 2023 | CA$2.9b | CA$89.1m | -CA$596,561,184.00 | 8.1x | -4.8x | 32.4x |
| Mon, 16 Jan 2023 | CA$3.1b | CA$87.5m | -CA$525,283,764.00 | 11.6x | -5.8x | 34.9x |
Price to Earnings Ratio
-5.8x
Current Industry PE
- Investors are relatively neutral on the Canadian Biotechs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 25.5x.
Past Earnings Growth
- The earnings for companies in the Biotechs industry have improved over the last three years.
- Revenues for these companies have grown 3.1% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | 1.76% | |
| Healthcare | 2.53% | |
| Biotech | 4.95% | |
| Biotech | 4.95% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EPRX Eupraxia Pharmaceuticals | CA$11.89 | 15.2% +CA$79.5m | 174.6% | PB7.4x | |
| DRUG Bright Minds Biosciences | CA$119.75 | 8.4% +CA$72.6m | 106.9% | PB11.4x | |
| MSCL Satellos Bioscience | CA$0.83 | 25.8% +CA$31.5m | -1.2% | PB3.3x | |
| HBP Helix BioPharma | CA$2.40 | 1.3% +CA$2.3m | 158.1% | PB11.4x | |
| COV Covalon Technologies | CA$1.81 | 4.0% +CA$1.9m | -41.6% | PE24.1x |