Analysis Article • May 20
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Canadian (TSX) Biotech Industry Analysis
UpdatedJun 01, 2026
DataAggregated Company Financials
Companies25
- 7D4.4%
- 3M-4.1%
- 1Y24.2%
- YTD1.9%
Over the last 7 days, the Biotech industry has risen 4.4%, driven by gains from Vector Science and Therapeutics of 32%. Meanwhile, Eupraxia Pharmaceuticals actually underperformed within the industry, shrinking 6.5% in the last week. In the last 12 months, the industry was up 24%. Looking forward, earnings are forecast to decline by 12% per year.
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 |
|---|---|---|---|---|---|---|
| Tue, 02 Jun 2026 | CA$3.1b | CA$91.0m | -CA$264,180,252.36 | 19.2x | -11.6x | 33.6x |
| Thu, 30 Apr 2026 | CA$2.8b | CA$88.5m | -CA$246,766,466.13 | 52.3x | -11.2x | 31.3x |
| Sat, 28 Mar 2026 | CA$2.5b | CA$90.5m | -CA$249,549,950.64 | 48.6x | -10x | 27.6x |
| Mon, 23 Feb 2026 | CA$3.0b | CA$93.7m | -CA$238,497,970.51 | 21.6x | -12.4x | 31.5x |
| Wed, 21 Jan 2026 | CA$2.8b | CA$95.7m | -CA$243,535,310.30 | 22.1x | -11.7x | 29.7x |
| Fri, 19 Dec 2025 | CA$2.4b | CA$95.3m | -CA$239,647,675.71 | 23x | -10x | 25.2x |
| Sun, 16 Nov 2025 | CA$2.3b | CA$95.2m | -CA$230,516,213.97 | 23.6x | -9.9x | 23.9x |
| Tue, 14 Oct 2025 | CA$2.2b | CA$95.7m | -CA$226,334,342.23 | 23.8x | -9.5x | 22.6x |
| Thu, 11 Sep 2025 | CA$1.7b | CA$95.6m | -CA$221,799,170.71 | 26.9x | -7.5x | 17.4x |
| Sat, 09 Aug 2025 | CA$1.6b | CA$91.2m | -CA$216,145,904.89 | 22.1x | -7.4x | 17.5x |
| Mon, 07 Jul 2025 | CA$1.6b | CA$91.0m | -CA$270,282,688.79 | 23.2x | -6x | 17.8x |
| Wed, 04 Jun 2025 | CA$1.5b | CA$90.7m | -CA$304,124,529.54 | 24.2x | -4.9x | 16.5x |
| Fri, 02 May 2025 | CA$1.4b | CA$92.9m | -CA$284,653,535.16 | 19.8x | -5x | 15.4x |
| Sun, 30 Mar 2025 | CA$1.5b | CA$85.7m | -CA$299,402,992.27 | 21.7x | -5x | 17.6x |
| Tue, 25 Feb 2025 | CA$1.6b | CA$88.6m | -CA$316,571,532.03 | 25.8x | -5.2x | 18.6x |
| Thu, 23 Jan 2025 | CA$1.6b | CA$87.5m | -CA$318,470,114.16 | 25.7x | -5x | 18.2x |
| Sat, 21 Dec 2024 | CA$1.5b | CA$85.5m | -CA$330,832,238.08 | 15.4x | -4.4x | 17x |
| Mon, 18 Nov 2024 | CA$1.3b | CA$83.3m | -CA$248,916,369.03 | 8.4x | -5x | 15x |
| Wed, 16 Oct 2024 | CA$1.3b | CA$80.4m | -CA$279,861,924.14 | 9x | -4.7x | 16.4x |
| Fri, 13 Sep 2024 | CA$963.5m | CA$80.3m | -CA$282,226,551.49 | 9.3x | -3.4x | 12x |
| Sun, 11 Aug 2024 | CA$1.1b | CA$76.1m | -CA$325,799,137.96 | 11.1x | -3.4x | 14.4x |
| Tue, 09 Jul 2024 | CA$1.1b | CA$76.1m | -CA$335,992,838.27 | 10.6x | -3.4x | 15x |
| Thu, 06 Jun 2024 | CA$1.2b | CA$76.8m | -CA$341,934,985.26 | 11.5x | -3.5x | 15.6x |
| Sat, 04 May 2024 | CA$910.7m | CA$78.8m | -CA$301,427,806.57 | 12.4x | -3x | 11.6x |
| Mon, 01 Apr 2024 | CA$1.1b | CA$88.1m | -CA$313,609,280.42 | 11.1x | -3.6x | 12.8x |
| Wed, 28 Feb 2024 | CA$1.2b | CA$93.1m | -CA$321,110,511.25 | 10.7x | -3.7x | 12.6x |
| Fri, 26 Jan 2024 | CA$3.6b | CA$86.3m | -CA$516,847,901.00 | 7x | -6.9x | 41.2x |
| Sun, 24 Dec 2023 | CA$3.6b | CA$86.1m | -CA$521,808,413.00 | 6.9x | -6.9x | 41.7x |
| Tue, 21 Nov 2023 | CA$3.8b | CA$86.7m | -CA$545,015,515.00 | 5.5x | -7x | 44.3x |
| Thu, 19 Oct 2023 | CA$3.8b | CA$89.0m | -CA$532,660,477.00 | 5.2x | -7.1x | 42.6x |
| Sat, 16 Sep 2023 | CA$3.9b | CA$87.3m | -CA$510,039,702.00 | 6.2x | -7.7x | 45.2x |
| Mon, 14 Aug 2023 | CA$4.0b | CA$85.8m | -CA$523,486,994.00 | 6.9x | -7.6x | 46.3x |
| Wed, 12 Jul 2023 | CA$4.1b | CA$81.5m | -CA$516,969,587.00 | 13.2x | -7.9x | 50.3x |
| Fri, 09 Jun 2023 | CA$3.9b | CA$86.5m | -CA$548,640,451.00 | 11.9x | -7.1x | 45x |
Price to Earnings Ratio
-7.1x
Current Industry PE
- Investors are optimistic on the Canadian Biotechs industry, and appear confident in long term growth rates.
- The industry's 3-year average PS ratio of 24.7x is exceeded by the industry's current PS ratio of 33.6x.
Past Earnings Growth
- The earnings for companies in the Biotechs industry have improved over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.
Industry Trends
Which industries have driven the changes within the Canadian Healthcare industry?
| CA Market | -0.35% | |
| Healthcare | 1.90% | |
| Biotech | 4.41% | |
| Biotech | 4.41% | |
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 | |
|---|---|---|---|---|---|
| PAIN Vector Science and Therapeutics | CA$1.66 | 31.7% +CA$61.3m | n/a | PB106.6x | |
| DTC Defence Therapeutics | CA$0.58 | 28.9% +CA$9.9m | -22.7% | PB8.1x | |
| MSCL Satellos Bioscience | CA$9.57 | 1.8% +CA$3.5m | 32.9% | PB2x | |
| COV Covalon Technologies | CA$2.21 | 4.7% +CA$2.8m | -8.3% | PE37.2x | |
| MDNA Medicenna Therapeutics | CA$0.43 | -4.4% CA$2.1m | -55.2% | PB6.4x |