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Canadian (TSX) Utilities Sector Analysis

UpdatedJul 11, 2025
DataAggregated Company Financials
Companies26
  • 7D0.4%
  • 3M7.2%
  • 1Y15.6%
  • YTD8.8%

The Utilities is pretty flat in the last 7 days, but Capital Power has stood out, gaining 5.5%. As for the the longer term, the industry is up 16% over the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 12 Jul 2025CA$165.3bCA$75.5bCA$5.8b19.8x28.4x2.2x
Mon, 09 Jun 2025CA$163.0bCA$75.6bCA$5.8b19.8x28x2.2x
Wed, 07 May 2025CA$162.4bCA$74.6bCA$5.3b20.7x30.8x2.2x
Fri, 04 Apr 2025CA$160.2bCA$74.6bCA$5.5b20.7x29.2x2.1x
Sun, 02 Mar 2025CA$154.0bCA$75.5bCA$5.7b19.7x26.9x2x
Tue, 28 Jan 2025CA$143.2bCA$75.3bCA$5.3b20.6x26.9x1.9x
Thu, 26 Dec 2024CA$160.6bCA$82.1bCA$3.5b20.6x46x2x
Sat, 23 Nov 2024CA$164.1bCA$81.5bCA$3.5b21.5x46.4x2x
Mon, 21 Oct 2024CA$168.0bCA$81.2bCA$6.9b19.7x24.2x2.1x
Wed, 18 Sep 2024CA$164.0bCA$80.8bCA$6.9b19.5x23.7x2x
Fri, 16 Aug 2024CA$154.2bCA$81.1bCA$7.0b19x22.2x1.9x
Sun, 14 Jul 2024CA$151.0bCA$80.0bCA$7.2b14.3x20.9x1.9x
Tue, 11 Jun 2024CA$151.3bCA$80.2bCA$7.2b14.6x20.9x1.9x
Thu, 09 May 2024CA$147.2bCA$80.4bCA$8.1b14.2x18.2x1.8x
Sat, 06 Apr 2024CA$139.0bCA$80.8bCA$6.3b14.1x22.1x1.7x
Mon, 04 Mar 2024CA$140.4bCA$81.7bCA$5.9b14.9x23.9x1.7x
Wed, 31 Jan 2024CA$149.1bCA$85.3bCA$8.7b14.6x17.1x1.7x
Fri, 29 Dec 2023CA$148.1bCA$85.1bCA$8.7b14.6x17x1.7x
Sun, 26 Nov 2023CA$144.7bCA$85.6bCA$8.8b14.1x16.5x1.7x
Tue, 24 Oct 2023CA$134.4bCA$85.2bCA$6.8b13.4x19.8x1.6x
Thu, 21 Sep 2023CA$148.1bCA$85.0bCA$6.8b14.7x21.9x1.7x
Sat, 19 Aug 2023CA$147.8bCA$85.0bCA$6.8b14.6x21.8x1.7x
Mon, 17 Jul 2023CA$157.4bCA$85.2bCA$7.9b14.1x19.8x1.8x
Wed, 14 Jun 2023CA$158.7bCA$85.3bCA$7.9b15.2x20x1.9x
Fri, 12 May 2023CA$166.3bCA$85.1bCA$7.8b16.4x21.4x2x
Sun, 09 Apr 2023CA$165.2bCA$82.8bCA$7.2b16.4x23.1x2x
Tue, 07 Mar 2023CA$152.8bCA$82.7bCA$7.5b17x20.3x1.8x
Thu, 02 Feb 2023CA$154.4bCA$79.1bCA$6.0b17.5x25.9x2x
Sat, 31 Dec 2022CA$151.1bCA$79.4bCA$6.0b17.2x25.3x1.9x
Mon, 28 Nov 2022CA$157.8bCA$79.0bCA$6.6b19.1x23.9x2x
Wed, 26 Oct 2022CA$155.4bCA$75.8bCA$5.9b20.7x26.5x2x
Fri, 23 Sep 2022CA$176.5bCA$75.7bCA$5.9b21.4x30.1x2.3x
Sun, 21 Aug 2022CA$185.6bCA$74.9bCA$5.9b23x31.5x2.5x
Tue, 19 Jul 2022CA$175.6bCA$68.4bCA$4.2b27x42.2x2.6x
Price to Earnings Ratio

42.2x


Total Market Cap: CA$175.6bTotal Earnings: CA$4.2bTotal Revenue: CA$68.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Utilities Sector Price to Earnings3Y Average 25x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.4x which is higher than its 3-year average PE of 25.0x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.4% 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 Utilities sector?

CA Market0.40%
Utilities0.43%
Gas Utilities1.71%
Electric Utilities0.81%
Other Utilities0.55%
Water Utilities0%0
Renewable Energy-0.57%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 40.4x.
    • Analysts are expecting annual earnings growth of 33.8%, which is higher than its past year's earnings decline of 52.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 53% per year.
  • In contrast, the Electric Utilities industry is expected to see its earnings grow by 6.1% 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
CPX Capital PowerCA$57.425.5%
+CA$460.6m		36.6%PE14.5x
TA TransAltaCA$15.637.8%
+CA$335.0m		55.5%PE4633.5x
EMA EmeraCA$62.971.4%
+CA$262.2m		35.6%PE21.6x
ALA AltaGasCA$39.202.0%
+CA$233.4m		27.2%PE20.9x
H Hydro OneCA$49.160.6%
+CA$179.9m		22.1%PE24.1x

Latest News

H
CA$49.16
Hydro One
7D
0.6%
1Y
22.1%
EMA
CA$62.97
Emera
7D
1.4%
1Y
35.6%
CU
CA$37.91
Canadian Utilities
7D
0.8%
1Y
24.0%
ACO.X
CA$49.87
ATCO
7D
-1.3%
1Y
25.6%
SPB
CA$8.08
Superior Plus
7D
0.1%
1Y
-6.0%
NPI
CA$22.85
Northland Power
7D
1.6%
1Y
-7.3%
BLX
CA$30.97
Boralex
7D
-5.9%
1Y
-11.5%
FTS
CA$64.61
Fortis
7D
0.5%
1Y
18.6%
ALA
CA$39.20
AltaGas
7D
2.0%
1Y
27.2%
TA
CA$15.63
TransAlta
7D
7.8%
1Y
55.5%
CPX
CA$57.42
Capital Power
7D
5.5%
1Y
36.6%
CFY
CA$0.19
CF Energy
7D
-5.0%
1Y
-13.6%
CUP.U
US$12.82
Caribbean Utilities Company
7D
-1.5%
1Y
-8.4%
RE
CA$0.45
RE Royalties
7D
-3.3%
1Y
-8.2%
SXI
CA$2.32
Synex Renewable Energy
7D
-0.4%
1Y
25.4%
NKW.H
CA$0.06
Oceanic Wind Energy
7D
-7.7%
1Y
33.3%