Analysis Article • Jun 30
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Canadian (TSX) Biotech Industry Analysis
UpdatedJul 02, 2026
DataAggregated Company Financials
Companies25
- 7D5.3%
- 3M-0.1%
- 1Y2.3%
- YTD-5.2%
In the last week, the Biotech industry is up 5.3%, with Bright Minds Biosciences up 12%. Despite this gain, the industry's performance has been flat over the past year. In the next few years, earnings are forecast to decline by 12% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | CA$2.9b | CA$91.4m | -CA$268,047,402.36 | 1.5x | -10.6x | 31.2x |
| Sat, 30 May 2026 | CA$3.0b | CA$91.0m | -CA$264,180,252.36 | 19.2x | -11.5x | 33.4x |
| Mon, 27 Apr 2026 | CA$2.7b | CA$88.4m | -CA$246,578,825.53 | 55.1x | -11.1x | 31x |
| Wed, 25 Mar 2026 | CA$2.5b | CA$92.5m | -CA$254,206,300.30 | 50.3x | -10x | 27.5x |
| Fri, 20 Feb 2026 | CA$2.8b | CA$93.8m | -CA$250,929,117.19 | 21.3x | -11.4x | 30.4x |
| Sun, 18 Jan 2026 | CA$2.9b | CA$95.8m | -CA$244,410,346.44 | 23.2x | -11.7x | 29.8x |
| Tue, 16 Dec 2025 | CA$2.4b | CA$97.8m | -CA$234,188,387.79 | 24x | -10.1x | 24.2x |
| Thu, 13 Nov 2025 | CA$2.3b | CA$95.7m | -CA$235,053,333.06 | 23.9x | -9.6x | 23.5x |
| Sat, 11 Oct 2025 | CA$2.2b | CA$95.7m | -CA$226,375,006.02 | 23.8x | -9.6x | 22.6x |
| Mon, 08 Sep 2025 | CA$1.7b | CA$95.6m | -CA$221,667,571.32 | 27x | -7.6x | 17.5x |
| Wed, 06 Aug 2025 | CA$1.5b | CA$91.2m | -CA$216,322,563.05 | 21.9x | -7x | 16.6x |
| Fri, 04 Jul 2025 | CA$1.6b | CA$91.0m | -CA$270,032,547.45 | 23.1x | -5.9x | 17.6x |
| Sun, 01 Jun 2025 | CA$1.5b | CA$90.7m | -CA$302,774,473.22 | 24.4x | -4.9x | 16.4x |
| Tue, 29 Apr 2025 | CA$1.4b | CA$92.9m | -CA$284,519,620.98 | 19.5x | -5x | 15.2x |
| Thu, 27 Mar 2025 | CA$1.5b | CA$85.7m | -CA$299,196,902.12 | 22.4x | -5.1x | 17.8x |
| Sat, 22 Feb 2025 | CA$1.6b | CA$88.6m | -CA$316,340,761.72 | 26x | -5.2x | 18.5x |
| Mon, 20 Jan 2025 | CA$1.6b | CA$87.6m | -CA$319,006,141.30 | 24.7x | -4.9x | 17.8x |
| Wed, 18 Dec 2024 | CA$1.5b | CA$83.5m | -CA$311,897,127.62 | 10.1x | -4.7x | 17.7x |
| Fri, 15 Nov 2024 | CA$1.3b | CA$83.2m | -CA$291,546,701.31 | 8.4x | -4.5x | 15.8x |
| Sun, 13 Oct 2024 | CA$1.1b | CA$80.3m | -CA$279,648,906.65 | 9x | -3.9x | 13.7x |
| Tue, 10 Sep 2024 | CA$989.3m | CA$80.3m | -CA$282,095,903.85 | 9.7x | -3.5x | 12.3x |
| Thu, 08 Aug 2024 | CA$1.1b | CA$76.1m | -CA$332,744,949.41 | 10.6x | -3.2x | 14.1x |
| Sat, 06 Jul 2024 | CA$1.1b | CA$76.7m | -CA$350,183,926.02 | 10.3x | -3.2x | 14.7x |
| Mon, 03 Jun 2024 | CA$1.3b | CA$76.8m | -CA$358,960,866.34 | 10.8x | -3.5x | 16.3x |
| Wed, 01 May 2024 | CA$917.9m | CA$79.5m | -CA$301,823,535.48 | 12.8x | -3x | 11.5x |
| Fri, 29 Mar 2024 | CA$1.1b | CA$88.5m | -CA$315,965,578.48 | 11.1x | -3.5x | 12.5x |
| Sun, 25 Feb 2024 | CA$1.2b | CA$93.1m | -CA$320,866,772.99 | 12.6x | -3.7x | 12.6x |
| Tue, 23 Jan 2024 | CA$3.6b | CA$86.3m | -CA$516,895,241.00 | 6.5x | -6.9x | 41.4x |
| Thu, 21 Dec 2023 | CA$3.6b | CA$86.3m | -CA$525,231,926.00 | 6.8x | -6.8x | 41.6x |
| Sat, 18 Nov 2023 | CA$3.8b | CA$86.7m | -CA$544,835,521.00 | 5.5x | -7x | 44x |
| Mon, 16 Oct 2023 | CA$3.8b | CA$88.9m | -CA$532,184,232.00 | 5.4x | -7.2x | 42.9x |
| Wed, 13 Sep 2023 | CA$4.0b | CA$87.3m | -CA$506,440,953.00 | 5.7x | -7.8x | 45.4x |
| Fri, 11 Aug 2023 | CA$4.0b | CA$85.8m | -CA$516,899,660.00 | 6.7x | -7.7x | 46.5x |
| Sun, 09 Jul 2023 | CA$4.1b | CA$81.6m | -CA$517,313,568.00 | 13.1x | -7.9x | 50.1x |
Price to Earnings Ratio
-7.9x
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 24.3x is exceeded by the industry's current PS ratio of 31.2x.
Past Earnings Growth
- The earnings for companies in the Biotechs industry have improved over the last three years.
- Revenues for these companies have grown 3.9% 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 | 0.037% | |
| Healthcare | 2.75% | |
| Biotech | 5.30% | |
| Biotech | 5.30% | |
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 | |
|---|---|---|---|---|---|
| DRUG Bright Minds Biosciences | CA$102.00 | 11.8% +CA$105.5m | 182.8% | PB3.2x | |
| MSCL Satellos Bioscience | CA$10.66 | 10.8% +CA$21.7m | 41.0% | PB2.2x | |
| EPRX Eupraxia Pharmaceuticals | CA$9.31 | 2.1% +CA$12.4m | 26.0% | PB4x | |
| ATLE Atlas Energy | CA$0.14 | 12.5% +CA$9.4m | -48.1% | PB3.3x | |
| HBP Helix BioPharma | CA$1.45 | 5.1% +CA$5.3m | 49.5% | PB7.5x |