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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies4
  • 7D0.6%
  • 3M4.2%
  • 1Y19.9%
  • YTD20.9%

Over the last 7 days, the Electric Utilities industry has remained flat. The past year has been better, since the industry has gained 20% in that time. Earnings are forecast to grow by 6.4% annually.

Industry Valuation and Performance

Has the Canadian Electric Utilities Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Dec 2025CA$88.5bCA$29.7bCA$4.1b19.7x21.4x3x
Wed, 26 Nov 2025CA$91.0bCA$29.7bCA$4.1b20.2x22x3.1x
Fri, 24 Oct 2025CA$89.7bCA$29.1bCA$3.9b22.5x23.2x3.1x
Sun, 21 Sep 2025CA$83.0bCA$29.1bCA$3.9b20.9x21.4x2.8x
Tue, 19 Aug 2025CA$86.1bCA$29.1bCA$3.9b21.6x22.2x3x
Thu, 17 Jul 2025CA$80.9bCA$28.6bCA$3.8b20.5x21.4x2.8x
Sat, 14 Jun 2025CA$81.0bCA$28.6bCA$3.8b20.5x21.4x2.8x
Mon, 12 May 2025CA$83.1bCA$28.6bCA$3.8b20.7x22x2.9x
Wed, 09 Apr 2025CA$79.3bCA$27.5bCA$3.3b22.4x24x2.9x
Fri, 07 Mar 2025CA$78.2bCA$27.5bCA$3.3b21.8x23.7x2.8x
Sun, 02 Feb 2025CA$74.9bCA$27.5bCA$3.4b21.6x22.1x2.7x
Tue, 31 Dec 2024CA$73.2bCA$27.5bCA$3.4b21x21.5x2.7x
Thu, 28 Nov 2024CA$74.5bCA$27.5bCA$3.4b21.9x21.9x2.7x
Sat, 26 Oct 2024CA$74.0bCA$27.1bCA$3.5b20.4x21.4x2.7x
Mon, 23 Sep 2024CA$73.6bCA$27.1bCA$3.5b20.1x21.3x2.7x
Wed, 21 Aug 2024CA$71.5bCA$27.1bCA$3.5b19.4x20.7x2.6x
Fri, 19 Jul 2024CA$65.4bCA$26.7bCA$3.3b19.9x19.9x2.4x
Sun, 16 Jun 2024CA$63.8bCA$26.7bCA$3.3b19.2x19.4x2.4x
Tue, 14 May 2024CA$66.1bCA$26.6bCA$3.3b20x20.2x2.5x
Thu, 11 Apr 2024CA$63.7bCA$27.2bCA$3.6b15.6x17.7x2.3x
Sat, 09 Mar 2024CA$65.7bCA$27.2bCA$3.6b15.9x18.2x2.4x
Mon, 05 Feb 2024CA$64.7bCA$27.8bCA$3.8b14.7x17.1x2.3x
Wed, 03 Jan 2024CA$64.8bCA$27.8bCA$3.8b15x17.1x2.3x
Fri, 01 Dec 2023CA$62.5bCA$27.8bCA$3.8b14.6x16.5x2.3x
Sun, 29 Oct 2023CA$61.2bCA$27.8bCA$3.7b16x16.4x2.2x
Tue, 26 Sep 2023CA$61.9bCA$27.8bCA$3.7b16x16.6x2.2x
Thu, 24 Aug 2023CA$62.3bCA$27.8bCA$3.7b15.9x16.7x2.2x
Sat, 22 Jul 2023CA$66.3bCA$27.6bCA$3.6b16.9x18.3x2.4x
Mon, 19 Jun 2023CA$64.5bCA$27.6bCA$3.6b17.3x17.9x2.3x
Wed, 17 May 2023CA$68.5bCA$27.6bCA$3.6b18.4x19x2.5x
Fri, 14 Apr 2023CA$69.4bCA$26.7bCA$3.4b19.2x20.7x2.6x
Sun, 12 Mar 2023CA$61.8bCA$26.7bCA$3.4b17.8x18.4x2.3x
Tue, 07 Feb 2023CA$63.5bCA$25.5bCA$3.1b19.7x20.3x2.5x
Thu, 05 Jan 2023CA$63.2bCA$25.5bCA$3.1b19.3x20.2x2.5x
Price to Earnings Ratio

20.2x


Total Market Cap: CA$63.2bTotal Earnings: CA$3.1bTotal Revenue: CA$25.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electric Utilities Industry Price to Earnings3Y Average 20x20242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Electric Utilities 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 PE ratio of 20.0x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 9.7% per year over the last three years.
  • Revenues for these companies have grown 5.2% 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 industry?

CA Market0.90%
Utilities0.93%
Electric Utilities0.59%
Electric Utilities0.59%
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
EMA EmeraCA$67.040.6%
+CA$117.7m		24.0%PE18.4x
FTS FortisCA$70.640.3%
+CA$115.4m		18.0%PE21x
H Hydro OneCA$53.840.3%
+CA$102.0m		21.5%PE24.7x

Latest News

H
CA$53.84
Hydro One
7D
0.3%
1Y
21.5%

Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt

Dec 29
Hydro One (TSE:H) Takes On Some Risk With Its Use Of Debt
FTS
CA$70.64
Fortis
7D
0.3%
1Y
18.0%

Here's Why Fortis (TSE:FTS) Is Weighed Down By Its Debt Load

Dec 29
Here's Why Fortis (TSE:FTS) Is Weighed Down By Its Debt Load
EMA
CA$67.04
Emera
7D
0.6%
1Y
24.0%

EMA: Dividend Sustainability And Regulation Will Shape Measured Outlook Amid Funding Uncertainty

The analyst price target for Emera has edged higher to about C$69.21 from C$68.50, as analysts factor in slightly improved fair value assumptions supported by a series of upward target revisions across the Street. Analyst Commentary Analysts have turned incrementally more constructive on Emera as they update their models, reflecting improved visibility on earnings growth and balance sheet resilience.