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Canadian (TSX) Pharma Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies58
  • 7D-2.3%
  • 3M-10.1%
  • 1Y9.2%
  • YTD4.8%

Over the last 7 days, the Pharma industry has dropped 2.3%, driven by a pullback from Curaleaf Holdings of 9.3%. On the other hand Trulieve Cannabis is actually up 9.3%. In the past year, the industry has gained 9.2%. Looking forward, earnings are forecast to grow by 67% annually.

Industry Valuation and Performance

Has the Canadian Pharma Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026CA$16.0bCA$11.2b-CA$1,940,801,790.3816.6x-8.3x1.4x
Sat, 29 Nov 2025CA$13.5bCA$11.3b-CA$1,919,443,428.8314.7x-7x1.2x
Mon, 27 Oct 2025CA$16.7bCA$11.3b-CA$2,039,568,629.5435.1x-8.2x1.5x
Wed, 24 Sep 2025CA$15.7bCA$11.2b-CA$2,034,152,765.3138.6x-7.7x1.4x
Fri, 22 Aug 2025CA$16.1bCA$11.9b-CA$2,559,255,120.7837.5x-6.3x1.4x
Sun, 20 Jul 2025CA$10.4bCA$11.7b-CA$2,547,021,881.3219.2x-4.1x0.9x
Tue, 17 Jun 2025CA$9.7bCA$11.6b-CA$2,503,229,248.1318.4x-3.9x0.8x
Thu, 15 May 2025CA$9.1bCA$10.3b-CA$2,251,388,782.8719.6x-4.1x0.9x
Sat, 12 Apr 2025CA$8.8bCA$12.0b-CA$2,577,192,928.8018.3x-3.4x0.7x
Mon, 10 Mar 2025CA$11.1bCA$12.3b-CA$2,628,439,303.1622.6x-4.2x0.9x
Wed, 05 Feb 2025CA$12.0bCA$12.1b-CA$2,376,628,633.8226x-5x1x
Fri, 03 Jan 2025CA$13.0bCA$12.2b-CA$2,414,440,186.8128.8x-5.4x1.1x
Sun, 01 Dec 2024CA$14.2bCA$11.9b-CA$2,564,798,581.6521.1x-5.6x1.2x
Tue, 29 Oct 2024CA$20.5bCA$11.8b-CA$2,718,283,629.6318.4x-7.5x1.7x
Thu, 26 Sep 2024CA$18.5bCA$11.6b-CA$2,686,505,176.7026.8x-6.9x1.6x
Sat, 24 Aug 2024CA$18.6bCA$11.5b-CA$2,732,782,268.0322.9x-6.8x1.6x
Mon, 22 Jul 2024CA$19.9bCA$11.7b-CA$3,194,960,492.4519.1x-6.2x1.7x
Wed, 19 Jun 2024CA$19.6bCA$11.8b-CA$2,768,172,910.4713.2x-7.1x1.7x
Fri, 17 May 2024CA$24.9bCA$11.9b-CA$3,505,156,044.1414.2x-7.1x2.1x
Sun, 14 Apr 2024CA$25.1bCA$12.0b-CA$3,481,209,415.079x-7.2x2.1x
Tue, 12 Mar 2024CA$18.8bCA$11.9b-CA$3,896,746,968.777.3x-4.8x1.6x
Thu, 08 Feb 2024CA$24.7bCA$11.9b-CA$5,865,262,158.8913.1x-4.2x2.1x
Sat, 06 Jan 2024CA$18.9bCA$12.3b-CA$6,734,375,229.009.9x-2.8x1.5x
Mon, 04 Dec 2023CA$18.1bCA$12.4b-CA$6,759,446,881.008.7x-2.7x1.5x
Wed, 01 Nov 2023CA$15.5bCA$12.5b-CA$7,380,815,777.0010.9x-2.1x1.2x
Fri, 29 Sep 2023CA$20.3bCA$13.0b-CA$7,887,830,306.0013.6x-2.6x1.6x
Sun, 27 Aug 2023CA$13.8bCA$13.1b-CA$8,126,028,354.0014.7x-1.7x1.1x
Tue, 25 Jul 2023CA$14.5bCA$13.1b-CA$9,698,637,833.0012.1x-1.5x1.1x
Thu, 22 Jun 2023CA$15.0bCA$13.1b-CA$9,382,436,456.0012.8x-1.6x1.1x
Sat, 20 May 2023CA$15.1bCA$13.3b-CA$10,456,135,368.0010.4x-1.4x1.1x
Mon, 17 Apr 2023CA$15.1bCA$13.2b-CA$9,929,654,529.0010x-1.5x1.1x
Wed, 15 Mar 2023CA$18.6bCA$13.8b-CA$10,592,329,248.009.1x-1.8x1.3x
Fri, 10 Feb 2023CA$19.2bCA$13.6b-CA$10,162,229,186.0010x-1.9x1.4x
Sun, 08 Jan 2023CA$20.4bCA$13.5b-CA$10,110,238,505.0013.4x-2x1.5x
Price to Earnings Ratio

-2x


Total Market Cap: CA$20.4bTotal Earnings: -CA$10,110,238,505.00Total Revenue: CA$13.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Pharma Industry Price to Earnings3Y Average -4.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Pharmaceuticals 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 1.4x.
Past Earnings Growth
  • The earnings for companies in the Pharmaceuticals industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 6.1% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the Canadian Healthcare industry?

CA Market-0.51%
Healthcare-1.06%
Pharma-2.34%
Pharma-2.34%
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?

CompanyLast Price7D1YValuation
TRUL Trulieve CannabisCA$11.919.3%
+CA$169.8m		59.0%PS1.2x
NGEN NervGen PharmaCA$7.687.0%
+CA$39.6m		144.6%PE-23.8x
GRIN Grown Rogue InternationalCA$0.707.7%
+CA$12.5m		-24.7%PE19.9x
VRNO Verano HoldingsCA$1.741.8%
+CA$10.9m		-1.1%PS0.6x
CXXI C21 InvestmentsCA$0.5317.8%
+CA$9.4m		82.8%PS1.4x

Latest News

VREO
CA$0.83
Vireo Growth
7D
-2.4%
1Y
2.5%

Vireo Growth Inc.'s (CSE:VREO) 38% Jump Shows Its Popularity With Investors

Dec 30
Vireo Growth Inc.'s (CSE:VREO) 38% Jump Shows Its Popularity With Investors
TRUL
CA$11.91
Trulieve Cannabis
7D
9.3%
1Y
59.0%
GRIN
CA$0.70
Grown Rogue International
7D
7.7%
1Y
-24.7%

Is Grown Rogue International (CSE:GRIN) Using Debt Sensibly?

Dec 25
Is Grown Rogue International (CSE:GRIN) Using Debt Sensibly?
CURA
CA$3.41
Curaleaf Holdings
7D
-9.3%
1Y
52.2%
WEED
CA$1.56
Canopy Growth
7D
-12.4%
1Y
-60.4%

WEED: Medical Expansion Will Drive Future Upside For Shares

Analysts have nudged their price target on Canopy Growth higher to reflect an improved fair value estimate, rising from approximately $3.30 to $3.76. This revision is supported by slightly stronger projected revenue growth, a notable uplift in expected profit margins, and a lower anticipated future price to earnings multiple.
CL
CA$1.66
Cresco Labs
7D
-4.6%
1Y
25.8%
GTII
CA$11.02
Green Thumb Industries
7D
-1.2%
1Y
-6.7%
GUD
CA$6.05
Knight Therapeutics
7D
1.3%
1Y
13.3%
CRON
CA$3.60
Cronos Group
7D
-4.3%
1Y
24.6%
TSND
CA$0.99
TerrAscend
7D
-10.0%
1Y
7.6%

TSND: Licensing Expansion Into Mid Atlantic Markets Will Drive Stronger Profitability

Analysts have raised their price target on TerrAscend by approximately $2.25 to about $1.98 per share. They cited expectations for stronger profit margins and a more reasonable future earnings multiple, even as they moderate revenue growth assumptions and apply a slightly higher discount rate.
VRNO
CA$1.74
Verano Holdings
7D
1.8%
1Y
-1.1%

VRNO: Expanded Licenses And Retail Footprint Will Drive Stronger Market Position

Analysts have reduced their average price target on Verano Holdings from approximately 184.62 to about 56.93 per share. This reflects updated expectations for stronger revenue growth and improving profit margins, but at a more conservative future earnings multiple.
CXXI
CA$0.53
C21 Investments
7D
17.8%
1Y
82.8%
ACB
CA$5.77
Aurora Cannabis
7D
-8.0%
1Y
-5.6%
BNXT
CA$0.64
BioNxt Solutions
7D
6.7%
1Y
68.4%
DB
CA$0.11
Decibel Cannabis
7D
10.0%
1Y
57.1%

Impressive Earnings May Not Tell The Whole Story For Decibel Cannabis (CVE:DB)

Nov 26
Impressive Earnings May Not Tell The Whole Story For Decibel Cannabis (CVE:DB)
NGEN
CA$7.68
NervGen Pharma
7D
7.0%
1Y
144.6%