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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedDec 12, 2025
DataAggregated Company Financials
Companies4
  • 7D-2.0%
  • 3M3.0%
  • 1Y17.0%
  • YTD18.1%

Over the last 7 days, the Electric Utilities industry has dropped 3.1%, driven by declines in Hydro One and Fortis of 3.4% and 3.1%, respectively. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 6.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Dec 2025CA$86.0bCA$29.7bCA$4.1b19.2x20.8x2.9x
Sun, 09 Nov 2025CA$88.0bCA$29.6bCA$4.1b19.9x21.5x3x
Tue, 07 Oct 2025CA$85.6bCA$29.1bCA$3.9b21.9x22.1x2.9x
Thu, 04 Sep 2025CA$84.1bCA$29.1bCA$3.9b21.2x21.7x2.9x
Sat, 02 Aug 2025CA$83.3bCA$28.6bCA$3.8b21.5x22x2.9x
Mon, 30 Jun 2025CA$80.5bCA$28.6bCA$3.8b20.4x21.3x2.8x
Wed, 28 May 2025CA$82.6bCA$28.6bCA$3.8b21x21.8x2.9x
Fri, 25 Apr 2025CA$83.1bCA$27.5bCA$3.3b23.8x25.2x3x
Sun, 23 Mar 2025CA$79.8bCA$27.5bCA$3.3b22.7x24.2x2.9x
Tue, 18 Feb 2025CA$76.0bCA$27.6bCA$3.4b21.7x22.3x2.8x
Thu, 16 Jan 2025CA$70.5bCA$27.5bCA$3.4b20.5x20.7x2.6x
Sat, 14 Dec 2024CA$73.2bCA$27.5bCA$3.4b21.1x21.6x2.7x
Mon, 11 Nov 2024CA$72.6bCA$27.5bCA$3.4b21.3x21.4x2.6x
Wed, 09 Oct 2024CA$70.7bCA$27.1bCA$3.5b19.3x20.5x2.6x
Fri, 06 Sep 2024CA$73.0bCA$27.1bCA$3.5b19.9x21.1x2.7x
Sun, 04 Aug 2024CA$70.3bCA$26.8bCA$3.3b20.8x21.1x2.6x
Tue, 02 Jul 2024CA$63.8bCA$26.7bCA$3.3b19.1x19.4x2.4x
Thu, 30 May 2024CA$64.2bCA$26.7bCA$3.3b19.1x19.5x2.4x
Sat, 27 Apr 2024CA$63.0bCA$27.2bCA$3.6b15.7x17.5x2.3x
Mon, 25 Mar 2024CA$64.9bCA$27.2bCA$3.6b15.7x18x2.4x
Wed, 21 Feb 2024CA$64.8bCA$27.6bCA$3.8b14.7x17.1x2.3x
Fri, 19 Jan 2024CA$63.7bCA$27.8bCA$3.8b14.8x16.8x2.3x
Sun, 17 Dec 2023CA$64.9bCA$27.8bCA$3.8b14.8x17.1x2.3x
Tue, 14 Nov 2023CA$63.3bCA$27.9bCA$3.9b14.9x16.4x2.3x
Thu, 12 Oct 2023CA$62.6bCA$27.8bCA$3.7b16.5x16.8x2.3x
Sat, 09 Sep 2023CA$61.5bCA$27.8bCA$3.7b16.2x16.5x2.2x
Mon, 07 Aug 2023CA$62.2bCA$27.7bCA$3.6b15.9x17.2x2.2x
Wed, 05 Jul 2023CA$65.6bCA$27.6bCA$3.6b17x18.2x2.4x
Fri, 02 Jun 2023CA$66.1bCA$27.6bCA$3.6b17.4x18.3x2.4x
Sun, 30 Apr 2023CA$68.7bCA$26.7bCA$3.4b19.1x20.5x2.6x
Tue, 28 Mar 2023CA$65.8bCA$26.7bCA$3.4b18.5x19.6x2.5x
Thu, 23 Feb 2023CA$63.3bCA$26.2bCA$3.2b19.3x19.8x2.4x
Sat, 21 Jan 2023CA$64.3bCA$25.5bCA$3.1b19.7x20.5x2.5x
Mon, 19 Dec 2022CA$63.2bCA$25.5bCA$3.1b19.2x20.2x2.5x
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 20x202320242025
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 2.9x.
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 Market0.61%
Utilities-1.67%
Electric Utilities-2.05%
Electric Utilities-2.05%
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
CUP.U Caribbean Utilities CompanyUS$13.131.0%
+US$5.5m		-7.8%PE12x

Latest News

H
CA$52.46
Hydro One
7D
-1.9%
1Y
18.3%

With EPS Growth And More, Hydro One (TSE:H) Makes An Interesting Case

Dec 11
With EPS Growth And More, Hydro One (TSE:H) Makes An Interesting Case
FTS
CA$69.25
Fortis
7D
-2.6%
1Y
15.1%

FTS: Shares Will Balance Dividend Reliability With Evolving Regulated Demand Opportunities

We are lifting our Fortis price target to C$73.10 from C$71.41, reflecting analysts' broadly higher targets across the Street as they factor in stronger rate base growth, resilient regulated earnings and slightly richer forward valuation multiples. Analyst Commentary Recent Street research reflects a generally constructive stance on Fortis, with multiple upward revisions to price targets clustered in the high C$60s to high C$70s range.
EMA
CA$65.23
Emera
7D
-1.3%
1Y
19.5%

Returns At Emera (TSE:EMA) Are On The Way Up

Dec 02
Returns At Emera (TSE:EMA) Are On The Way Up
CUP.U
US$13.13
Caribbean Utilities Company
7D
1.0%
1Y
-7.8%