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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies4
  • 7D2.3%
  • 3M6.6%
  • 1Y24.2%
  • YTD8.0%

The Electric Utilities industry is up 2.3% in the last week, with Hydro One up 3.4%. This means that the industry has gained 24% over the past year. Earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026CA$97.0bCA$30.3bCA$4.1b22.2x23.6x3.2x
Wed, 28 Jan 2026CA$89.6bCA$29.7bCA$4.1b20.2x21.6x3x
Fri, 26 Dec 2025CA$88.5bCA$29.7bCA$4.1b19.7x21.4x3x
Sun, 23 Nov 2025CA$89.9bCA$29.7bCA$4.1b19.9x21.7x3x
Tue, 21 Oct 2025CA$89.1bCA$29.1bCA$3.9b22.5x23x3.1x
Thu, 18 Sep 2025CA$82.5bCA$29.1bCA$3.9b20.9x21.3x2.8x
Sat, 16 Aug 2025CA$85.8bCA$29.1bCA$3.9b21.7x22.1x2.9x
Mon, 14 Jul 2025CA$81.2bCA$28.6bCA$3.8b20.6x21.5x2.8x
Wed, 11 Jun 2025CA$80.5bCA$28.6bCA$3.8b20.3x21.3x2.8x
Fri, 09 May 2025CA$85.4bCA$27.7bCA$3.3b23.9x25.6x3.1x
Sun, 06 Apr 2025CA$80.9bCA$27.5bCA$3.3b22.9x24.5x2.9x
Tue, 04 Mar 2025CA$77.2bCA$27.5bCA$3.3b22x23.4x2.8x
Thu, 30 Jan 2025CA$74.5bCA$27.5bCA$3.4b21.3x21.9x2.7x
Sat, 28 Dec 2024CA$73.0bCA$27.5bCA$3.4b21.1x21.5x2.7x
Mon, 25 Nov 2024CA$74.5bCA$27.5bCA$3.4b21.9x21.9x2.7x
Wed, 23 Oct 2024CA$74.6bCA$27.1bCA$3.5b20.7x21.6x2.8x
Fri, 20 Sep 2024CA$74.4bCA$27.1bCA$3.5b20x21.6x2.7x
Sun, 18 Aug 2024CA$71.2bCA$27.1bCA$3.5b19.4x20.6x2.6x
Tue, 16 Jul 2024CA$65.0bCA$26.7bCA$3.3b19.4x19.8x2.4x
Thu, 13 Jun 2024CA$65.3bCA$26.7bCA$3.3b19.4x19.9x2.4x
Sat, 11 May 2024CA$66.1bCA$27.0bCA$3.6b16.2x18.2x2.4x
Mon, 08 Apr 2024CA$63.6bCA$27.2bCA$3.6b15.8x17.6x2.3x
Wed, 06 Mar 2024CA$64.4bCA$27.2bCA$3.6b15.7x17.9x2.4x
Fri, 02 Feb 2024CA$64.7bCA$27.8bCA$3.8b14.8x17.1x2.3x
Sun, 31 Dec 2023CA$64.8bCA$27.8bCA$3.8b14.9x17.1x2.3x
Tue, 28 Nov 2023CA$63.6bCA$27.8bCA$3.8b14.7x16.8x2.3x
Thu, 26 Oct 2023CA$60.6bCA$27.8bCA$3.7b15.9x16.2x2.2x
Sat, 23 Sep 2023CA$62.5bCA$27.8bCA$3.7b16.1x16.8x2.2x
Mon, 21 Aug 2023CA$62.7bCA$27.8bCA$3.7b16.1x16.8x2.3x
Wed, 19 Jul 2023CA$65.0bCA$27.6bCA$3.6b16.6x18x2.4x
Fri, 16 Jun 2023CA$65.1bCA$27.6bCA$3.6b17.2x18x2.4x
Sun, 14 May 2023CA$69.9bCA$27.6bCA$3.6b18.7x19.3x2.5x
Tue, 11 Apr 2023CA$69.0bCA$26.7bCA$3.4b19.2x20.5x2.6x
Thu, 09 Mar 2023CA$62.9bCA$26.7bCA$3.4b18.2x18.7x2.4x
Price to Earnings Ratio

18.7x


Total Market Cap: CA$62.9bTotal Earnings: CA$3.4bTotal Revenue: CA$26.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electric Utilities Industry Price to Earnings3Y Average 20.1x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Electric Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.6x which is higher than its 3-year average PE of 20.1x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 7.0% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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 Market1.82%
Utilities1.94%
Electric Utilities2.27%
Electric Utilities2.27%
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
H Hydro OneCA$58.621.7%
+CA$587.8m		25.6%PE26.3x
EMA EmeraCA$70.971.2%
+CA$254.5m		20.7%PE21.2x
FTS FortisCA$78.470.3%
+CA$116.7m		22.6%PE23.2x
CUP.U Caribbean Utilities CompanyUS$13.450.1%
+US$848.5k		2.0%PE12.3x

Latest News

FTS
CA$78.47
Fortis
7D
0.3%
1Y
22.6%
H
CA$58.62
Hydro One
7D
1.7%
1Y
25.6%
CUP.U
US$13.45
Caribbean Utilities Company
7D
0.1%
1Y
2.0%
EMA
CA$70.97
Emera
7D
1.2%
1Y
20.7%

EMA: Florida Operations And Equity Program Will Offset Nova Scotia Uncertainty

Analysts have inched their price targets on Emera higher, with some moving to CA$74 and CA$75 while others trim or reset targets around CA$69. These changes reflect differing views on valuation, regulatory risk in Nova Scotia, and the balance between near term visibility and longer term growth drivers.