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Canadian (TSX) Pharma Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies59
  • 7D0.6%
  • 3M-0.7%
  • 1Y22.2%
  • YTD1.4%

The Pharma is pretty flat in the last 7 days, but Curaleaf Holdings has stood out, gaining 6.8%. As for the the longer term, the industry is up 22% over the past 12 months. As for the next few years, earnings are expected to grow by 65% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026CA$17.0bCA$11.3b-CA$1,959,031,887.0516.3x-8.7x1.5x
Mon, 15 Dec 2025CA$19.2bCA$11.2b-CA$1,911,998,737.3214.8x-10x1.7x
Wed, 12 Nov 2025CA$14.5bCA$9.6b-CA$1,700,354,214.4517.7x-8.5x1.5x
Fri, 10 Oct 2025CA$18.3bCA$11.3b-CA$2,043,407,087.1735x-9x1.6x
Sun, 07 Sep 2025CA$15.9bCA$11.2b-CA$2,031,100,344.4338.1x-7.8x1.4x
Tue, 05 Aug 2025CA$11.8bCA$11.8b-CA$2,578,474,560.4916.7x-4.6x1x
Thu, 03 Jul 2025CA$9.8bCA$11.7b-CA$2,511,772,315.9516.8x-3.9x0.8x
Sat, 31 May 2025CA$23.2bCA$11.8b-CA$2,510,408,706.3817.5x-9.3x2x
Mon, 28 Apr 2025CA$10.5bCA$11.9b-CA$2,537,137,906.5420.2x-4.1x0.9x
Wed, 26 Mar 2025CA$10.5bCA$12.3b-CA$2,562,895,027.3019.6x-4.1x0.9x
Fri, 21 Feb 2025CA$11.8bCA$12.0b-CA$2,211,317,627.2123.1x-5.4x1x
Sun, 19 Jan 2025CA$12.6bCA$12.2b-CA$2,421,943,229.6529.8x-5.2x1x
Tue, 17 Dec 2024CA$12.7bCA$12.0b-CA$2,589,067,782.2222x-4.9x1.1x
Thu, 14 Nov 2024CA$14.6bCA$11.9b-CA$2,641,291,694.7715.7x-5.5x1.2x
Sat, 12 Oct 2024CA$18.3bCA$11.8b-CA$2,699,739,851.4518.1x-6.8x1.6x
Mon, 09 Sep 2024CA$17.1bCA$11.6b-CA$2,699,961,545.6420x-6.4x1.5x
Wed, 07 Aug 2024CA$18.8bCA$11.7b-CA$3,080,464,843.4219.4x-6.1x1.6x
Fri, 05 Jul 2024CA$19.3bCA$11.7b-CA$3,210,519,008.2318.5x-6x1.6x
Sun, 02 Jun 2024CA$21.4bCA$11.9b-CA$3,474,448,041.5912.8x-6.2x1.8x
Tue, 30 Apr 2024CA$22.9bCA$11.8b-CA$3,443,534,317.448.2x-6.7x1.9x
Thu, 28 Mar 2024CA$25.6bCA$11.9b-CA$3,499,240,154.679.1x-7.3x2.2x
Sat, 24 Feb 2024CA$23.1bCA$12.0b-CA$4,646,848,412.789.6x-5x1.9x
Mon, 22 Jan 2024CA$20.9bCA$12.3b-CA$6,747,731,022.009.6x-3.1x1.7x
Wed, 20 Dec 2023CA$16.7bCA$12.2b-CA$6,732,702,458.008.1x-2.5x1.4x
Fri, 17 Nov 2023CA$17.3bCA$12.5b-CA$6,869,425,691.008.6x-2.5x1.4x
Sun, 15 Oct 2023CA$18.3bCA$12.4b-CA$7,333,171,191.0013.2x-2.5x1.5x
Tue, 12 Sep 2023CA$23.7bCA$13.0b-CA$7,906,737,257.0015.5x-3x1.8x
Thu, 10 Aug 2023CA$14.5bCA$13.3b-CA$9,766,835,814.0012x-1.5x1.1x
Sat, 08 Jul 2023CA$16.6bCA$13.2b-CA$9,521,834,924.0012.4x-1.7x1.3x
Mon, 05 Jun 2023CA$14.8bCA$13.3b-CA$10,411,963,114.0010.6x-1.4x1.1x
Wed, 03 May 2023CA$15.6bCA$13.5b-CA$10,375,919,175.0011.4x-1.5x1.2x
Fri, 31 Mar 2023CA$16.7bCA$13.6b-CA$10,245,941,816.008.7x-1.6x1.2x
Sun, 26 Feb 2023CA$19.5bCA$13.7b-CA$10,328,459,810.0010.6x-1.9x1.4x
Tue, 24 Jan 2023CA$20.2bCA$13.5b-CA$10,091,722,087.0014.7x-2x1.5x
Price to Earnings Ratio

-2x


Total Market Cap: CA$20.2bTotal Earnings: -CA$10,091,722,087.00Total Revenue: CA$13.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Pharma Industry Price to Earnings3Y Average -4.7x202420252026
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 5.7% 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 Market2.30%
Healthcare1.08%
Pharma0.64%
Pharma0.64%
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
CURA Curaleaf HoldingsCA$3.695.4%
+CA$149.0m		69.3%PS1.6x
VRNO Verano HoldingsCA$1.856.9%
+CA$43.6m		15.6%PS0.6x
IAN iAnthus Capital HoldingsCA$0.01100.0%
+CA$35.4m		100.0%PE29.8x
GTII Green Thumb IndustriesCA$11.310.4%
+CA$11.6m		5.0%PE43.1x
CL Cresco LabsCA$1.791.7%
+CA$10.8m		39.8%PS0.7x

Latest News

CRDL
CA$1.48
Cardiol Therapeutics
7D
6.1%
1Y
-15.9%
CRON
CA$3.53
Cronos Group
7D
-5.4%
1Y
23.0%
WEED
CA$1.65
Canopy Growth
7D
-4.6%
1Y
-47.8%
VRNO
CA$1.85
Verano Holdings
7D
6.9%
1Y
15.6%
CWEB
CA$0.55
Charlotte's Web Holdings
7D
7.8%
1Y
254.8%

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Jan 14
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TRUL
CA$11.94
Trulieve Cannabis
7D
-1.2%
1Y
65.8%

TRUL: Retail Expansion And Rescheduling Progress Will Support Higher Future Earnings Multiples

Analysts have made a small upward adjustment to their Trulieve Cannabis fair value estimate, reflecting only modest tweaks to long term profit margin and future P/E assumptions rather than a wholesale shift in their outlook. Analyst Commentary Recent Street research around comparable business services and data providers offers some useful clues for how analysts may be thinking about Trulieve Cannabis valuation and execution, even though the coverage is focused on different companies.
HITI
CA$3.57
High Tide
7D
-3.8%
1Y
-20.3%
CL
CA$1.79
Cresco Labs
7D
1.7%
1Y
39.8%

CL: German Entry And Higher Margins Will Support Future Upside

Analysts have raised their price target for Cresco Labs from US$2.30 to about US$2.36, reflecting updated views on the company’s profit margin outlook and a lower assumed future P/E multiple. What's in the News Cresco Labs launched Cresco branded flower in Germany, marking its first commercial entry into the European Union and extending its growth plans beyond the U.S. cannabis market (Key Developments).
EPIC
CA$0.20
1CM
7D
21.2%
1Y
-20.0%
CURA
CA$3.69
Curaleaf Holdings
7D
5.4%
1Y
69.3%

CURA: Regulatory Shifts Will Widen Moat And Support Destination Brand Position

Analysts have lifted their price target on Curaleaf Holdings to C$5.00 from C$4.81, pointing to regulatory momentum and what they see as a stronger product offering that could help the company reinforce its position with consumers. Analyst Commentary Recent commentary has focused on how regulatory shifts and Curaleaf's product positioning could influence the company’s valuation and execution over time.
GTII
CA$11.31
Green Thumb Industries
7D
0.4%
1Y
5.0%

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Jan 06
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NGEN
CA$7.67
NervGen Pharma
7D
-3.4%
1Y
161.8%
VREO
CA$0.80
Vireo Growth
7D
-5.9%
1Y
14.3%
IAN
CA$0.01
iAnthus Capital Holdings
7D
100.0%
1Y
100.0%

iAnthus Capital Holdings, Inc.'s (CSE:IAN) 50% Dip In Price Shows Sentiment Is Matching Revenues

Dec 28
iAnthus Capital Holdings, Inc.'s (CSE:IAN) 50% Dip In Price Shows Sentiment Is Matching Revenues
OGI
CA$2.24
Organigram Global
7D
-6.7%
1Y
0.9%

Organigram Global Inc. (TSE:OGI) Soars 33% But It's A Story Of Risk Vs Reward

Dec 19
Organigram Global Inc. (TSE:OGI) Soars 33% But It's A Story Of Risk Vs Reward
BNXT
CA$0.48
BioNxt Solutions
7D
-17.8%
1Y
21.3%