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Canadian (TSX) Materials Sector Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies1209
  • 7D4.4%
  • 3M24.5%
  • 1Y115.2%
  • YTD12.2%

In the last week, the Materials industry is up 4.3%, with Wheaton Precious Metals up 8.3%. Meanwhile, Alamos Gold actually underperformed within the industry, shrinking 6.9% in the last week. This takes the industry's 12 month performance to a gain of 115%. As for the next few years, earnings are expected to grow by 29% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026CA$1.1tCA$212.4bCA$21.1b23.1x51.4x5.1x
Tue, 16 Dec 2025CA$938.5bCA$210.7bCA$20.8b20.2x45.1x4.5x
Thu, 13 Nov 2025CA$833.5bCA$211.2bCA$20.8b20.7x40.1x3.9x
Sat, 11 Oct 2025CA$839.7bCA$202.6bCA$15.0b21.7x55.8x4.1x
Mon, 08 Sep 2025CA$727.8bCA$202.6bCA$14.8b17.7x49.2x3.6x
Wed, 06 Aug 2025CA$599.8bCA$195.6bCA$11.3b16.9x52.9x3.1x
Fri, 04 Jul 2025CA$610.8bCA$192.0bCA$9.7b15.9x63.2x3.2x
Sun, 01 Jun 2025CA$571.0bCA$194.4bCA$10.2b14.8x56x2.9x
Tue, 29 Apr 2025CA$549.0bCA$189.4bCA$7.4b13.5x73.8x2.9x
Thu, 27 Mar 2025CA$549.9bCA$193.0bCA$6.9b14.6x79.6x2.8x
Sat, 22 Feb 2025CA$506.6bCA$191.2bCA$4.4b12.9x114.4x2.6x
Mon, 20 Jan 2025CA$490.0bCA$200.0bCA$1.7b13.5x290x2.4x
Wed, 18 Dec 2024CA$480.5bCA$198.4bCA$1.4b13.3x339.2x2.4x
Fri, 15 Nov 2024CA$471.6bCA$195.5bCA$1.2b14x380.4x2.4x
Sun, 13 Oct 2024CA$513.1bCA$192.1bCA$1.4b17.2x366.8x2.7x
Tue, 10 Sep 2024CA$453.7bCA$190.5bCA$1.0b15.4x441.6x2.4x
Thu, 08 Aug 2024CA$446.6bCA$192.5bCA$1.4b14.7x329.9x2.3x
Sat, 06 Jul 2024CA$468.2bCA$191.4bCA$1.0b15.7x453.7x2.4x
Mon, 03 Jun 2024CA$479.8bCA$191.4bCA$708.2m17.3x677.5x2.5x
Wed, 01 May 2024CA$451.5bCA$191.7bCA$2.6b17.9x173.5x2.4x
Fri, 29 Mar 2024CA$420.6bCA$190.1bCA$4.0b14.3x106.3x2.2x
Sun, 25 Feb 2024CA$374.1bCA$189.4bCA$5.0b14.6x75.3x2x
Tue, 23 Jan 2024CA$402.4bCA$200.2bCA$5.4b13x75.2x2x
Thu, 21 Dec 2023CA$431.9bCA$199.0bCA$5.3b13.6x81.8x2.2x
Sat, 18 Nov 2023CA$410.0bCA$202.6bCA$5.4b12.6x76.4x2x
Mon, 16 Oct 2023CA$425.7bCA$204.4bCA$7.5b11.2x56.9x2.1x
Wed, 13 Sep 2023CA$441.8bCA$202.4bCA$7.6b11.2x58.1x2.2x
Fri, 11 Aug 2023CA$452.2bCA$201.7bCA$6.3b11.1x71.4x2.2x
Sun, 09 Jul 2023CA$442.3bCA$208.2bCA$14.5b11x30.4x2.1x
Tue, 06 Jun 2023CA$452.0bCA$209.8bCA$14.8b11.4x30.5x2.2x
Thu, 04 May 2023CA$494.2bCA$215.8bCA$18.7b13x26.5x2.3x
Sat, 01 Apr 2023CA$470.6bCA$218.4bCA$21.4b11.8x22x2.2x
Mon, 27 Feb 2023CA$432.8bCA$220.3bCA$24.9b11x17.4x2x
Wed, 25 Jan 2023CA$476.3bCA$223.8bCA$29.1b11x16.3x2.1x
Price to Earnings Ratio

16.3x


Total Market Cap: CA$476.3bTotal Earnings: CA$29.1bTotal Revenue: CA$223.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Materials Sector Price to Earnings3Y Average 257.2x202420252026
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 51.5x which is lower than its 3-year average PE of 257x.
  • The industry is trading close to its 3-year average PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 10% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CA Market1.66%
Materials4.41%
Chemicals8.31%
Paper and Forestry Products4.46%
Metals and Mining4.35%
Packaging-2.80%
Basic Materials-4.34%
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 288x.
    • Analysts are expecting annual earnings growth of 31.2%, which is lower than the prior year's growth of 63.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings growth rate of 31% per year.
  • In contrast, the Chemicals industry is expected to see its earnings grow by 6.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
WPM Wheaton Precious MetalsCA$188.288.3%
+CA$6.6b
125.4%PE61.3x
NTR NutrienCA$92.3810.9%
+CA$4.4b
23.8%PE17.7x
K Kinross GoldCA$46.827.8%
+CA$4.1b
214.0%PE23.1x
FNV Franco-NevadaCA$338.776.4%
+CA$3.9b
86.1%PE51x
ABX Barrick MiningCA$67.791.9%
+CA$2.1b
193.0%PE22.9x

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