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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies4
  • 7D0.9%
  • 3M3.6%
  • 1Y20.8%
  • YTD9.7%

The Electric Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 19% over the past 12 months. As for the next few years, earnings are expected to grow by 7.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026CA$97.5bCA$30.7bCA$4.1b23.4x23.6x3.2x
Fri, 22 May 2026CA$97.0bCA$30.7bCA$4.1b22.7x23.5x3.2x
Sun, 19 Apr 2026CA$97.3bCA$30.3bCA$4.1b22.4x23.6x3.2x
Tue, 17 Mar 2026CA$99.4bCA$30.3bCA$4.1b22.8x24.2x3.3x
Thu, 12 Feb 2026CA$90.5bCA$29.7bCA$4.1b20.1x21.9x3x
Sat, 10 Jan 2026CA$89.5bCA$29.7bCA$4.1b20x21.6x3x
Mon, 08 Dec 2025CA$87.6bCA$29.7bCA$4.1b19.5x21.2x2.9x
Wed, 05 Nov 2025CA$86.3bCA$29.3bCA$3.9b21.9x22.3x2.9x
Fri, 03 Oct 2025CA$85.3bCA$29.1bCA$3.9b21.8x22x2.9x
Sun, 31 Aug 2025CA$84.4bCA$29.1bCA$3.9b21.3x21.8x2.9x
Tue, 29 Jul 2025CA$82.6bCA$28.6bCA$3.8b21x21.9x2.9x
Thu, 26 Jun 2025CA$80.9bCA$28.6bCA$3.8b20.3x21.4x2.8x
Sat, 24 May 2025CA$82.5bCA$28.6bCA$3.8b20.7x21.8x2.9x
Mon, 21 Apr 2025CA$82.8bCA$27.5bCA$3.3b23.7x25.1x3x
Wed, 19 Mar 2025CA$79.2bCA$27.5bCA$3.3b22.6x24x2.9x
Fri, 14 Feb 2025CA$75.2bCA$27.5bCA$3.4b21.8x22.2x2.7x
Sun, 12 Jan 2025CA$71.6bCA$27.5bCA$3.4b20.7x21.1x2.6x
Tue, 10 Dec 2024CA$75.9bCA$27.5bCA$3.4b21.8x22.3x2.8x
Thu, 07 Nov 2024CA$72.5bCA$27.2bCA$3.5b19.5x20.8x2.7x
Sat, 05 Oct 2024CA$72.9bCA$27.1bCA$3.5b20x21.1x2.7x
Mon, 02 Sep 2024CA$72.0bCA$27.1bCA$3.5b19.5x20.9x2.7x
Wed, 31 Jul 2024CA$68.2bCA$26.7bCA$3.3b20.7x20.7x2.6x
Fri, 28 Jun 2024CA$63.3bCA$26.7bCA$3.3b19.1x19.3x2.4x
Sun, 26 May 2024CA$65.5bCA$26.7bCA$3.3b19.8x19.9x2.5x
Tue, 23 Apr 2024CA$62.6bCA$27.2bCA$3.6b15.5x17.4x2.3x
Thu, 21 Mar 2024CA$64.6bCA$27.2bCA$3.6b15.7x17.9x2.4x
Sat, 17 Feb 2024CA$64.2bCA$27.6bCA$3.8b14.5x16.9x2.3x
Mon, 15 Jan 2024CA$65.1bCA$27.8bCA$3.8b15.2x17.2x2.3x
Wed, 13 Dec 2023CA$63.2bCA$27.8bCA$3.8b14.5x16.7x2.3x
Fri, 10 Nov 2023CA$63.3bCA$27.9bCA$3.9b15.1x16.4x2.3x
Sun, 08 Oct 2023CA$60.4bCA$27.8bCA$3.7b16.2x16.2x2.2x
Tue, 05 Sep 2023CA$62.1bCA$27.8bCA$3.7b16.2x16.6x2.2x
Thu, 03 Aug 2023CA$63.6bCA$27.7bCA$3.6b16.3x17.5x2.3x
Sat, 01 Jul 2023CA$65.7bCA$27.6bCA$3.6b17x18.2x2.4x
Price to Earnings Ratio

18.2x


Total Market Cap: CA$65.7bTotal Earnings: CA$3.6bTotal Revenue: CA$27.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electric Utilities Industry Price to Earnings3Y Average 20.6x202420252026
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 23.5x which is higher than its 3-year average PE of 20.6x.
  • The 3-year average PS ratio of 2.7x 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 4.5% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market-1.50%
Utilities1.53%
Electric Utilities0.85%
Electric Utilities0.85%
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
FTS FortisCA$80.550.7%
+CA$290.2m		24.0%PE23.9x
H Hydro OneCA$57.630.8%
+CA$288.0m		17.7%PE25.2x
EMA EmeraCA$74.471.2%
+CA$263.1m		21.1%PE22.9x

Latest News

EMA
CA$74.47
Emera
7D
1.2%
1Y
21.1%
Narrative Update • Jun 23

EMA: Modest Price Revisions And Steady Assumptions Will Guide Balanced Outlook

Analysts have modestly raised their average price targets on Emera by CA$1 to CA$2 in recent research updates, citing refreshed views on the company's valuation while keeping underlying fair value assumptions broadly unchanged. Analyst Commentary Recent price target revisions on Emera show a mix of cautious optimism and lingering concerns, with modest CA$1 to CA$2 adjustments reflecting updated views on valuation rather than a major shift in outlook.
FTS
CA$80.55
Fortis
7D
0.7%
1Y
24.0%
H
CA$57.63
Hydro One
7D
0.8%
1Y
17.7%
CUP.U
US$14.21
Caribbean Utilities Company
7D
-0.07%
1Y
3.6%