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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies4
  • 7D1.8%
  • 3M3.8%
  • 1Y22.4%
  • YTD21.9%

Over the last 7 days, the Electric Utilities industry has risen 1.2%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 20%. Looking forward, earnings are forecast to grow by 6.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Nov 2025CA$88.0bCA$29.6bCA$4.1b19.9x21.5x3x
Sat, 11 Oct 2025CA$85.8bCA$29.1bCA$3.9b22.3x22.1x2.9x
Mon, 08 Sep 2025CA$84.1bCA$29.1bCA$3.9b21.1x21.7x2.9x
Wed, 06 Aug 2025CA$84.0bCA$28.7bCA$3.8b21.4x21.9x2.9x
Fri, 04 Jul 2025CA$80.5bCA$28.6bCA$3.8b20.3x21.3x2.8x
Sun, 01 Jun 2025CA$83.2bCA$28.6bCA$3.8b21x22x2.9x
Tue, 29 Apr 2025CA$83.5bCA$27.5bCA$3.3b23.9x25.3x3x
Thu, 27 Mar 2025CA$79.2bCA$27.5bCA$3.3b22.5x24x2.9x
Sat, 22 Feb 2025CA$75.7bCA$27.4bCA$3.3b21.5x23.1x2.8x
Mon, 20 Jan 2025CA$73.4bCA$27.5bCA$3.4b21.2x21.6x2.7x
Wed, 18 Dec 2024CA$72.9bCA$27.5bCA$3.4b21x21.5x2.7x
Fri, 15 Nov 2024CA$72.1bCA$27.5bCA$3.4b21.4x21.3x2.6x
Sun, 13 Oct 2024CA$71.2bCA$27.1bCA$3.5b19.6x20.6x2.6x
Tue, 10 Sep 2024CA$73.8bCA$27.1bCA$3.5b20x21.4x2.7x
Thu, 08 Aug 2024CA$69.9bCA$26.8bCA$3.3b20.7x21x2.6x
Sat, 06 Jul 2024CA$63.9bCA$26.7bCA$3.3b19x19.4x2.4x
Mon, 03 Jun 2024CA$64.5bCA$26.7bCA$3.3b19.5x19.6x2.4x
Wed, 01 May 2024CA$63.6bCA$27.2bCA$3.6b15.8x17.6x2.3x
Fri, 29 Mar 2024CA$64.2bCA$27.2bCA$3.6b15.8x17.8x2.4x
Sun, 25 Feb 2024CA$65.0bCA$27.6bCA$3.8b14.6x17.1x2.4x
Tue, 23 Jan 2024CA$64.2bCA$27.8bCA$3.8b14.8x16.9x2.3x
Thu, 21 Dec 2023CA$64.4bCA$27.8bCA$3.8b14.5x17x2.3x
Sat, 18 Nov 2023CA$64.3bCA$27.8bCA$3.8b15x17x2.3x
Mon, 16 Oct 2023CA$61.2bCA$27.8bCA$3.7b16.3x16.4x2.2x
Wed, 13 Sep 2023CA$61.9bCA$27.8bCA$3.7b16.3x16.6x2.2x
Fri, 11 Aug 2023CA$63.2bCA$27.8bCA$3.6b16.3x17.4x2.3x
Sun, 09 Jul 2023CA$64.6bCA$27.6bCA$3.6b16.8x17.9x2.3x
Tue, 06 Jun 2023CA$67.0bCA$27.6bCA$3.6b17.5x18.6x2.4x
Thu, 04 May 2023CA$69.8bCA$26.7bCA$3.4b19.5x20.8x2.6x
Sat, 01 Apr 2023CA$66.5bCA$26.7bCA$3.4b18.6x19.8x2.5x
Mon, 27 Feb 2023CA$63.1bCA$26.7bCA$3.4b18.5x18.8x2.4x
Wed, 25 Jan 2023CA$64.3bCA$25.5bCA$3.1b19.7x20.5x2.5x
Fri, 23 Dec 2022CA$62.4bCA$25.5bCA$3.1b19x19.9x2.4x
Sun, 20 Nov 2022CA$61.2bCA$25.5bCA$3.1b18.7x19.5x2.4x
Price to Earnings Ratio

19.5x


Total Market Cap: CA$61.2bTotal 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 3.0x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 9.2% per year over the last three years.
  • Revenues for these companies have grown 5.1% 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 Market2.74%
Utilities0.81%
Electric Utilities1.80%
Electric Utilities1.80%
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$73.743.4%
+CA$1.2b		19.7%PE21.9x
H Hydro OneCA$52.641.5%
+CA$473.8m		19.6%PE25.1x

Latest News

EMA
CA$66.71
Emera
7D
-0.5%
1Y
34.3%

Emera Incorporated Beat Revenue Forecasts By 7.6%: Here's What Analysts Are Forecasting Next

Nov 11
Emera Incorporated Beat Revenue Forecasts By 7.6%: Here's What Analysts Are Forecasting Next
CUP.U
US$13.12
Caribbean Utilities Company
7D
-0.6%
1Y
-2.9%
H
CA$52.64
Hydro One
7D
1.5%
1Y
19.6%

H: Defensive Exposure And Stable Returns Will Remain Key Amid Volatility

Analyst price targets for Hydro One have been raised, with the consensus moving up by up to C$2 per share. Analysts cite solid Q3 results, resilient regulated utility performance, and the appeal of defensive exposure amid increased market volatility.
FTS
CA$73.74
Fortis
7D
3.4%
1Y
19.7%

Fortis (TSE:FTS) Is Paying Out A Larger Dividend Than Last Year

Nov 07
Fortis (TSE:FTS) Is Paying Out A Larger Dividend Than Last Year