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Canadian (TSX) Real Estate Industry Analysis
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies30
- 7D0.5%
- 3M-6.9%
- 1Y4.1%
- YTD-2.6%
Over the last 7 days, the Real Estate industry has remained flat. As for the the longer term, the industry is up 3.2% over the past 12 months. Earnings are forecast to grow by 35% annually.
Industry Valuation and Performance
Has the Canadian Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | CA$26.9b | CA$16.6b | CA$502.6m | 9.1x | 53.5x | 1.6x |
| Mon, 29 Apr 2024 | CA$31.9b | CA$17.7b | CA$417.7m | 14.1x | 76.3x | 1.8x |
| Wed, 27 Mar 2024 | CA$33.9b | CA$17.4b | CA$474.0m | 17.8x | 71.4x | 1.9x |
| Fri, 23 Feb 2024 | CA$33.0b | CA$17.2b | CA$227.0m | 16.4x | 145.6x | 1.9x |
| Sun, 21 Jan 2024 | CA$31.7b | CA$17.1b | CA$228.2m | 13.1x | 139x | 1.9x |
| Tue, 19 Dec 2023 | CA$30.6b | CA$17.0b | CA$280.9m | 12.9x | 108.9x | 1.8x |
| Thu, 16 Nov 2023 | CA$28.4b | CA$17.3b | CA$413.5m | 11.9x | 68.8x | 1.6x |
| Sat, 14 Oct 2023 | CA$27.2b | CA$17.1b | CA$582.1m | 8.7x | 46.7x | 1.6x |
| Mon, 11 Sep 2023 | CA$30.1b | CA$17.1b | CA$581.8m | 8.9x | 51.7x | 1.8x |
| Wed, 09 Aug 2023 | CA$30.1b | CA$17.4b | CA$1.2b | 8.5x | 25.3x | 1.7x |
| Fri, 07 Jul 2023 | CA$29.3b | CA$17.1b | CA$1.3b | 7.1x | 21.7x | 1.7x |
| Sun, 04 Jun 2023 | CA$28.5b | CA$17.2b | CA$1.4b | 7x | 20.6x | 1.7x |
| Tue, 02 May 2023 | CA$29.2b | CA$17.1b | CA$1.9b | 7x | 15.5x | 1.7x |
| Thu, 30 Mar 2023 | CA$28.3b | CA$17.0b | CA$1.9b | 7.2x | 15.3x | 1.7x |
| Sat, 25 Feb 2023 | CA$30.0b | CA$17.0b | CA$2.5b | 7.1x | 11.9x | 1.8x |
| Mon, 23 Jan 2023 | CA$28.3b | CA$16.7b | CA$2.7b | 6.8x | 10.6x | 1.7x |
| Wed, 21 Dec 2022 | CA$25.8b | CA$17.0b | CA$2.7b | 7.3x | 9.5x | 1.5x |
| Fri, 18 Nov 2022 | CA$27.2b | CA$16.7b | CA$2.6b | 7.5x | 10.3x | 1.6x |
| Sun, 16 Oct 2022 | CA$26.4b | CA$16.6b | CA$2.7b | 7.1x | 9.8x | 1.6x |
| Tue, 13 Sep 2022 | CA$29.6b | CA$15.8b | CA$2.6b | 7.1x | 11.4x | 1.9x |
| Thu, 11 Aug 2022 | CA$30.6b | CA$15.4b | CA$2.2b | 8.2x | 14x | 2x |
| Sat, 09 Jul 2022 | CA$28.9b | CA$15.2b | CA$1.5b | 7.3x | 19.1x | 1.9x |
| Mon, 06 Jun 2022 | CA$29.7b | CA$15.0b | CA$1.5b | 7.6x | 20x | 2x |
| Wed, 04 May 2022 | CA$30.5b | CA$15.0b | CA$965.6m | 8.2x | 31.6x | 2x |
| Fri, 01 Apr 2022 | CA$34.2b | CA$14.3b | CA$1.0b | 11.7x | 34x | 2.4x |
| Sun, 27 Feb 2022 | CA$34.4b | CA$14.5b | CA$911.5m | 11.9x | 37.7x | 2.4x |
| Tue, 25 Jan 2022 | CA$34.5b | CA$13.7b | CA$564.0m | 14.1x | 61.1x | 2.5x |
| Thu, 23 Dec 2021 | CA$38.1b | CA$13.8b | CA$572.8m | 14.4x | 66.5x | 2.8x |
| Sat, 20 Nov 2021 | CA$36.8b | CA$13.6b | CA$566.4m | 13.4x | 65x | 2.7x |
| Mon, 18 Oct 2021 | CA$35.8b | CA$12.7b | CA$203.7m | 12.1x | 175.8x | 2.8x |
| Wed, 15 Sep 2021 | CA$34.2b | CA$12.7b | CA$203.7m | 11.2x | 167.7x | 2.7x |
| Fri, 13 Aug 2021 | CA$34.0b | CA$12.7b | CA$193.2m | 10.8x | 176x | 2.7x |
| Tue, 08 Jun 2021 | CA$29.0b | CA$11.9b | CA$304.5m | 12x | 95.4x | 2.4x |
Price to Earnings Ratio
95.4x
Current Industry PE
- Investors are pessimistic on the Canadian Real Estate 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 53.5x which is lower than its 3-year average PE of 57.8x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Real Estate industry?
| CA Market | -0.37% | |
| Real Estate | -0.67% | |
| Real Estate | 0.54% | |
| Diversified Real Estate | 5.42% | |
| Real Estate Services | 0.69% | |
| Real Estate Operating Companies | -0.31% | |
| Real Estate Development | -1.11% | |
Industry PE
- Investors are most optimistic about the Diversified Real Estate industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 85% over the next 5 years.
- However this is lower than its past earnings growth rate of 147% per year.
- In contrast, the Real Estate Operating Companies industry is expected to see its earnings decline by 51% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FSV FirstService | CA$200.10 | 2.1% +CA$184.4m | 0.8% | PE72.9x | |
| TCN Tricon Residential | CA$15.46 | 2.5% +CA$109.6m | 44.4% | PE29.1x | |
| WFC Wall Financial | CA$21.00 | 4.5% +CA$29.0m | 5.0% | PE29x | |
| CIGI Colliers International Group | CA$152.83 | 0.2% +CA$15.1m | 17.9% | PE57.3x | |
| MEQ Mainstreet Equity | CA$171.08 | 0.9% +CA$14.7m | 24.8% | PE9.1x |
