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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies4
  • 7D1.2%
  • 3M5.3%
  • 1Y24.1%
  • YTD6.8%

Over the last 7 days, the Electric Utilities industry has risen 1.2%, driven by gains from Hydro One of 1.0%. In the last 12 months, the industry was up 25%. Earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026CA$96.0bCA$30.3bCA$4.1b22x23.3x3.2x
Sat, 24 Jan 2026CA$89.2bCA$29.7bCA$4.1b20.1x21.6x3x
Mon, 22 Dec 2025CA$88.0bCA$29.7bCA$4.1b19.5x21.3x3x
Wed, 19 Nov 2025CA$90.5bCA$29.7bCA$4.1b20.2x21.9x3x
Fri, 17 Oct 2025CA$88.3bCA$29.1bCA$3.9b22.4x22.8x3x
Sun, 14 Sep 2025CA$83.8bCA$29.1bCA$3.9b21.2x21.6x2.9x
Tue, 12 Aug 2025CA$86.1bCA$29.1bCA$3.8b21.6x22.4x3x
Thu, 10 Jul 2025CA$80.7bCA$28.6bCA$3.8b20.5x21.3x2.8x
Sat, 07 Jun 2025CA$81.6bCA$28.6bCA$3.8b20.3x21.6x2.9x
Mon, 05 May 2025CA$83.6bCA$27.5bCA$3.3b24x25.4x3x
Wed, 02 Apr 2025CA$80.3bCA$27.5bCA$3.3b23x24.4x2.9x
Fri, 28 Feb 2025CA$76.5bCA$27.5bCA$3.3b21.5x23.2x2.8x
Sun, 26 Jan 2025CA$73.7bCA$27.5bCA$3.4b21.2x21.7x2.7x
Tue, 24 Dec 2024CA$72.8bCA$27.5bCA$3.4b21.1x21.4x2.6x
Thu, 21 Nov 2024CA$73.8bCA$27.5bCA$3.4b21.7x21.8x2.7x
Sat, 19 Oct 2024CA$74.5bCA$27.1bCA$3.5b20.7x21.6x2.7x
Mon, 16 Sep 2024CA$75.3bCA$27.1bCA$3.5b20.5x21.8x2.8x
Wed, 14 Aug 2024CA$69.9bCA$27.0bCA$3.4b19.2x20.4x2.6x
Fri, 12 Jul 2024CA$64.7bCA$26.7bCA$3.3b19.5x19.7x2.4x
Sun, 09 Jun 2024CA$65.9bCA$26.7bCA$3.3b19.9x20x2.5x
Tue, 07 May 2024CA$65.0bCA$27.0bCA$3.6b15.8x17.9x2.4x
Thu, 04 Apr 2024CA$63.7bCA$27.2bCA$3.6b15.9x17.7x2.3x
Sat, 02 Mar 2024CA$64.0bCA$27.2bCA$3.6b15.5x17.7x2.4x
Mon, 29 Jan 2024CA$64.3bCA$27.8bCA$3.8b14.7x17x2.3x
Wed, 27 Dec 2023CA$63.9bCA$27.8bCA$3.8b14.7x16.9x2.3x
Fri, 24 Nov 2023CA$64.0bCA$27.8bCA$3.8b15.1x16.9x2.3x
Sun, 22 Oct 2023CA$59.3bCA$27.8bCA$3.7b15.7x15.9x2.1x
Tue, 19 Sep 2023CA$64.3bCA$27.8bCA$3.7b16.4x17.2x2.3x
Thu, 17 Aug 2023CA$62.5bCA$27.8bCA$3.7b16.2x16.7x2.2x
Sat, 15 Jul 2023CA$66.0bCA$27.6bCA$3.6b16.8x18.2x2.4x
Mon, 12 Jun 2023CA$65.8bCA$27.6bCA$3.6b17.5x18.2x2.4x
Wed, 10 May 2023CA$69.7bCA$27.2bCA$3.4b18.9x20.4x2.6x
Fri, 07 Apr 2023CA$68.9bCA$26.7bCA$3.4b19.1x20.5x2.6x
Sun, 05 Mar 2023CA$62.7bCA$26.7bCA$3.4b18.3x18.7x2.3x
Price to Earnings Ratio

18.7x


Total Market Cap: CA$62.7bTotal 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 23.0x 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 3.1x.
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 Market2.40%
Utilities1.17%
Electric Utilities1.23%
Electric Utilities1.23%
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$57.982.3%
+CA$791.7m		28.0%PE26x
FTS FortisCA$77.810.8%
+CA$319.6m		23.5%PE23x
EMA EmeraCA$69.960.2%
+CA$136.0m		20.4%PE20.9x
CUP.U Caribbean Utilities CompanyUS$13.451.8%
+US$10.2m		1.1%PE12.3x

Latest News

EMA
CA$69.96
Emera
7D
0.2%
1Y
20.4%
H
CA$57.98
Hydro One
7D
2.3%
1Y
28.0%
CUP.U
US$13.45
Caribbean Utilities Company
7D
1.8%
1Y
1.1%
FTS
CA$77.81
Fortis
7D
0.8%
1Y
23.5%