Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Electric Utilities Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies4
  • 7D0.06%
  • 3M2.2%
  • 1Y20.2%
  • YTD0.04%

The Electric Utilities industry has stayed flat over the last week. The past year has been better, since the industry has gained 20% in that time. Looking forward, 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
Thu, 29 Jan 2026CA$90.0bCA$29.7bCA$4.1b20.1x21.7x3x
Sat, 27 Dec 2025CA$88.5bCA$29.7bCA$4.1b19.7x21.4x3x
Mon, 24 Nov 2025CA$89.9bCA$29.7bCA$4.1b19.9x21.7x3x
Wed, 22 Oct 2025CA$89.1bCA$29.1bCA$3.9b22.5x23x3.1x
Fri, 19 Sep 2025CA$82.6bCA$29.1bCA$3.9b20.8x21.3x2.8x
Sun, 17 Aug 2025CA$86.1bCA$29.1bCA$3.9b21.7x22.2x3x
Tue, 15 Jul 2025CA$81.2bCA$28.6bCA$3.8b20.6x21.5x2.8x
Thu, 12 Jun 2025CA$80.7bCA$28.6bCA$3.8b20.2x21.4x2.8x
Sat, 10 May 2025CA$84.4bCA$28.6bCA$3.8b20.7x22.3x2.9x
Mon, 07 Apr 2025CA$80.9bCA$27.5bCA$3.3b22.9x24.5x2.9x
Wed, 05 Mar 2025CA$78.0bCA$27.5bCA$3.3b22.3x23.7x2.8x
Fri, 31 Jan 2025CA$73.9bCA$27.5bCA$3.4b21.6x21.8x2.7x
Sun, 29 Dec 2024CA$73.2bCA$27.5bCA$3.4b21.1x21.5x2.7x
Tue, 26 Nov 2024CA$74.5bCA$27.5bCA$3.4b21.9x21.9x2.7x
Thu, 24 Oct 2024CA$74.5bCA$27.1bCA$3.5b20.7x21.6x2.7x
Sat, 21 Sep 2024CA$73.1bCA$27.1bCA$3.5b20.1x21.2x2.7x
Mon, 19 Aug 2024CA$71.2bCA$27.1bCA$3.5b19.4x20.6x2.6x
Wed, 17 Jul 2024CA$64.7bCA$26.7bCA$3.3b19.6x19.7x2.4x
Fri, 14 Jun 2024CA$64.5bCA$26.7bCA$3.3b19.4x19.6x2.4x
Sun, 12 May 2024CA$66.4bCA$27.0bCA$3.6b16.2x18.3x2.5x
Tue, 09 Apr 2024CA$63.6bCA$27.2bCA$3.6b15.9x17.6x2.3x
Thu, 07 Mar 2024CA$64.6bCA$27.2bCA$3.6b15.7x17.9x2.4x
Sat, 03 Feb 2024CA$64.7bCA$27.8bCA$3.8b14.7x17.1x2.3x
Mon, 01 Jan 2024CA$64.8bCA$27.8bCA$3.8b14.9x17.1x2.3x
Wed, 29 Nov 2023CA$63.4bCA$27.8bCA$3.8b14.8x16.7x2.3x
Fri, 27 Oct 2023CA$61.7bCA$27.8bCA$3.7b16.2x16.5x2.2x
Sun, 24 Sep 2023CA$62.5bCA$27.8bCA$3.7b16.1x16.8x2.2x
Tue, 22 Aug 2023CA$62.7bCA$27.8bCA$3.7b15.8x16.8x2.3x
Thu, 20 Jul 2023CA$65.6bCA$27.6bCA$3.6b16.7x18.1x2.4x
Sat, 17 Jun 2023CA$64.5bCA$27.6bCA$3.6b17.3x17.9x2.3x
Mon, 15 May 2023CA$69.9bCA$27.6bCA$3.6b18.7x19.3x2.5x
Wed, 12 Apr 2023CA$69.5bCA$26.7bCA$3.4b19.3x20.7x2.6x
Fri, 10 Mar 2023CA$62.6bCA$26.7bCA$3.4b18.1x18.6x2.3x
Sun, 05 Feb 2023CA$63.1bCA$25.5bCA$3.1b19.6x20.1x2.5x
Price to Earnings Ratio

20.1x


Total Market Cap: CA$63.1bTotal Earnings: CA$3.1bTotal Revenue: CA$25.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electric Utilities Industry Price to Earnings3Y Average 20.1x202420252026
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 20.1x.
  • 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 Market1.18%
Utilities1.32%
Electric Utilities0.063%
Electric Utilities0.063%
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$53.350.8%
+CA$245.9m		19.6%PE24.5x
CUP.U Caribbean Utilities CompanyUS$13.552.7%
+US$14.8m		0.07%PE12.4x

Latest News

EMA
CA$68.13
Emera
7D
-1.0%
1Y
24.9%

EMA: Premium Pricing And Equity Program Will Shape Future Risk Reward Balance

Analysts have trimmed their average fair value estimate for Emera by about C$0.43 to roughly C$68.79. The revised figure reflects updated price targets that take into account a premium valuation, regulatory uncertainty in Nova Scotia, and more cautious expectations around growth beyond the Florida business.
H
CA$53.35
Hydro One
7D
0.8%
1Y
19.6%

H: Stable Returns And EPS Outlook Will Support Measured Repricing Potential

Narrative update on Hydro One The analyst price target for Hydro One has been revised modestly higher, supported by recent Street updates that lifted targets to C$57 and C$52 as analysts factor in small adjustments to fair value, discount rate, profit margin assumptions and future P/E. Analyst Commentary Recent Street updates on Hydro One point to a slightly higher view of fair value, with price targets clustered in the low to mid C$50s and ratings maintained at neutral levels.
FTS
CA$72.32
Fortis
7D
-0.01%
1Y
18.6%

FTS: Fairly Valued Shares Will Rely On Regulated Growth And Dividend Stability

Analysts have nudged their price expectations for Fortis higher, with recent targets ranging from C$69 to C$79. This reflects updated models and views that its regulated utility footprint and projected rate base growth continue to underpin their valuation work.
CUP.U
US$13.55
Caribbean Utilities Company
7D
2.7%
1Y
0.07%