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Canadian (TSX) Materials Sector Analysis

UpdatedJul 11, 2025
DataAggregated Company Financials
Companies1241
  • 7D-0.7%
  • 3M12.2%
  • 1Y24.2%
  • YTD25.4%

Over the last 7 days, the Materials industry has remained flat, although notably Northern Dynasty Minerals gained 54%. As for the the longer term, the industry is up 24% over the past 12 months. Earnings are forecast to grow by 26% annually.

Sector Valuation and Performance

Has the Canadian Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Jul 2025CA$607.0bCA$192.9bCA$9.8b15.7x62.2x3.1x
Mon, 09 Jun 2025CA$597.8bCA$194.2bCA$10.1b15.4x59.2x3.1x
Wed, 07 May 2025CA$546.8bCA$190.3bCA$8.0b13.3x68.7x2.9x
Fri, 04 Apr 2025CA$539.0bCA$191.3bCA$6.8b12.8x78.8x2.8x
Sun, 02 Mar 2025CA$506.7bCA$194.0bCA$4.9b12.1x102.8x2.6x
Tue, 28 Jan 2025CA$499.5bCA$199.1bCA$1.7b14.1x301.9x2.5x
Thu, 26 Dec 2024CA$471.8bCA$198.9bCA$1.5b12.9x318x2.4x
Sat, 23 Nov 2024CA$498.3bCA$195.0bCA$1.2b13.4x409.1x2.6x
Mon, 21 Oct 2024CA$532.3bCA$192.7bCA$1.5b18.1x358.6x2.8x
Wed, 18 Sep 2024CA$491.1bCA$190.8bCA$1.1b16.8x439.8x2.6x
Fri, 16 Aug 2024CA$461.5bCA$192.1bCA$1.1b15.2x409.3x2.4x
Sun, 14 Jul 2024CA$490.9bCA$191.5bCA$1.1b14.8x449.6x2.6x
Tue, 11 Jun 2024CA$464.3bCA$192.7bCA$985.0m16.2x471.3x2.4x
Thu, 09 May 2024CA$465.6bCA$192.7bCA$2.2b18.1x210.3x2.4x
Sat, 06 Apr 2024CA$445.3bCA$190.5bCA$3.5b17.7x126.4x2.3x
Mon, 04 Mar 2024CA$382.3bCA$190.8bCA$4.6b14.4x83.8x2x
Wed, 31 Jan 2024CA$410.6bCA$199.4bCA$5.3b13.2x77.5x2.1x
Fri, 29 Dec 2023CA$433.9bCA$197.6bCA$5.2b13.8x83.2x2.2x
Sun, 26 Nov 2023CA$411.4bCA$201.7bCA$5.4b11.9x76.8x2x
Tue, 24 Oct 2023CA$423.9bCA$204.8bCA$7.4b11x56.9x2.1x
Thu, 21 Sep 2023CA$445.0bCA$202.5bCA$7.5b11x59.7x2.2x
Sat, 19 Aug 2023CA$431.3bCA$202.3bCA$7.3b11.1x59.1x2.1x
Mon, 17 Jul 2023CA$460.5bCA$207.6bCA$14.5b10.8x31.8x2.2x
Wed, 14 Jun 2023CA$450.9bCA$208.4bCA$14.6b11.5x31x2.2x
Fri, 12 May 2023CA$476.4bCA$210.8bCA$15.5b12.1x30.8x2.3x
Sun, 09 Apr 2023CA$481.2bCA$218.4bCA$21.4b11.8x22.4x2.2x
Tue, 07 Mar 2023CA$457.4bCA$220.1bCA$24.4b11.4x18.7x2.1x
Thu, 02 Feb 2023CA$484.7bCA$222.8bCA$29.0b12.1x16.7x2.2x
Sat, 31 Dec 2022CA$434.7bCA$225.7bCA$29.4b9.9x14.8x1.9x
Mon, 28 Nov 2022CA$433.0bCA$223.4bCA$29.1b9.9x14.9x1.9x
Wed, 26 Oct 2022CA$403.4bCA$223.5bCA$33.0b8.1x12.2x1.8x
Fri, 23 Sep 2022CA$400.4bCA$222.1bCA$32.7b8.9x12.3x1.8x
Sun, 21 Aug 2022CA$409.7bCA$215.7bCA$31.9b9.3x12.8x1.9x
Tue, 19 Jul 2022CA$375.1bCA$206.5bCA$28.8b9x13x1.8x
Price to Earnings Ratio

13x


Total Market Cap: CA$375.1bTotal Earnings: CA$28.8bTotal Revenue: CA$206.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Materials Sector Price to Earnings3Y Average 251x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Materials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 62.2x which is lower than its 3-year average PE of 251x.
  • The 3-year average PS ratio of 4.7x is higher than the industry's current PS ratio of 3.1x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 30% per year over the last three years,
  • Revenues have also declined 2.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Canadian Materials sector?

CA Market0.40%
Materials-0.66%
Paper and Forestry Products3.28%
Basic Materials1.38%
Chemicals1.17%
Packaging-0.66%
Metals and Mining-0.95%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry even though it's trading below its 3-year average PE ratio of 283x.
    • Analysts are expecting annual earnings growth of 27.2%, which is lower than the prior year's growth of 46.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 19% per year.
  • In contrast, the Packaging industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PAAS Pan American SilverCA$41.485.4%
+CA$764.2m		28.3%PE35.3x
AG First Majestic SilverCA$12.699.7%
+CA$542.7m		41.2%PS6.4x
OR OR RoyaltiesCA$38.147.8%
+CA$517.4m		62.6%PE170x
OLA Orla MiningCA$15.3511.2%
+CA$500.7m		174.6%PE2191.7x
EQX Equinox GoldCA$8.527.6%
+CA$453.7m		4.7%PE15.4x

Latest News

FNV
CA$218.38
Franco-Nevada
7D
-3.2%
1Y
24.1%
AG
CA$12.69
First Majestic Silver
7D
9.7%
1Y
41.2%
OLA
CA$15.35
Orla Mining
7D
11.2%
1Y
174.6%
LUG
CA$70.08
Lundin Gold
7D
-3.3%
1Y
198.7%
NTR
CA$83.44
Nutrien
7D
1.1%
1Y
23.1%
IMG
CA$9.65
IAMGOLD
7D
-4.9%
1Y
68.1%
TECK.B
CA$52.42
Teck Resources
7D
-6.4%
1Y
-24.3%
EQX
CA$8.52
Equinox Gold
7D
7.6%
1Y
4.7%
IVN
CA$10.67
Ivanhoe Mines
7D
2.4%
1Y
-46.2%
CS
CA$7.94
Capstone Copper
7D
-7.5%
1Y
-24.1%
NGEX
CA$17.01
NGEx Minerals
7D
10.8%
1Y
93.1%
OR
CA$38.14
OR Royalties
7D
7.8%
1Y
62.6%
FM
CA$23.32
First Quantum Minerals
7D
-7.0%
1Y
21.9%
LUN
CA$13.85
Lundin Mining
7D
-6.5%
1Y
-13.8%
PAAS
CA$41.48
Pan American Silver
7D
5.4%
1Y
28.3%
K
CA$21.28
Kinross Gold
7D
-1.2%
1Y
69.6%