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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies4
  • 7D0.8%
  • 3M0.2%
  • 1Y20.4%
  • YTDn/a

In the last week, the Electric Utilities industry is up 1.1%, with Emera leading the way, up 3.3%. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 6.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026CA$89.4bCA$29.7bCA$4.1b20.1x21.6x3x
Sun, 21 Dec 2025CA$88.0bCA$29.7bCA$4.1b19.5x21.3x3x
Tue, 18 Nov 2025CA$89.9bCA$29.7bCA$4.1b20.3x21.7x3x
Thu, 16 Oct 2025CA$87.3bCA$29.1bCA$3.9b22.3x22.5x3x
Sat, 13 Sep 2025CA$83.4bCA$29.1bCA$3.9b21.2x21.5x2.9x
Mon, 11 Aug 2025CA$86.1bCA$29.1bCA$3.8b21.7x22.4x3x
Wed, 09 Jul 2025CA$80.8bCA$28.6bCA$3.8b20.4x21.4x2.8x
Fri, 06 Jun 2025CA$81.9bCA$28.6bCA$3.8b20.5x21.7x2.9x
Sun, 04 May 2025CA$83.6bCA$27.5bCA$3.3b24x25.4x3x
Tue, 01 Apr 2025CA$79.7bCA$27.5bCA$3.3b22.7x24.2x2.9x
Thu, 27 Feb 2025CA$76.2bCA$27.5bCA$3.3b21.5x23.1x2.8x
Sat, 25 Jan 2025CA$73.6bCA$27.5bCA$3.4b21.2x21.7x2.7x
Mon, 23 Dec 2024CA$72.8bCA$27.5bCA$3.4b21x21.4x2.6x
Wed, 20 Nov 2024CA$73.1bCA$27.5bCA$3.4b21.7x21.5x2.7x
Fri, 18 Oct 2024CA$74.2bCA$27.1bCA$3.5b20.6x21.5x2.7x
Sun, 15 Sep 2024CA$75.3bCA$27.1bCA$3.5b20.5x21.8x2.8x
Tue, 13 Aug 2024CA$70.2bCA$27.0bCA$3.4b19x20.5x2.6x
Thu, 11 Jul 2024CA$64.0bCA$26.7bCA$3.3b19.3x19.5x2.4x
Sat, 08 Jun 2024CA$66.0bCA$26.7bCA$3.3b19.8x20.1x2.5x
Mon, 06 May 2024CA$64.2bCA$27.0bCA$3.6b15.7x17.7x2.4x
Wed, 03 Apr 2024CA$63.8bCA$27.2bCA$3.6b15.8x17.7x2.3x
Fri, 01 Mar 2024CA$63.8bCA$27.2bCA$3.6b15.5x17.7x2.3x
Sun, 28 Jan 2024CA$64.3bCA$27.8bCA$3.8b14.7x17x2.3x
Tue, 26 Dec 2023CA$63.9bCA$27.8bCA$3.8b14.7x16.9x2.3x
Thu, 23 Nov 2023CA$64.3bCA$27.8bCA$3.8b15x17x2.3x
Sat, 21 Oct 2023CA$59.3bCA$27.8bCA$3.7b15.7x15.9x2.1x
Mon, 18 Sep 2023CA$64.3bCA$27.8bCA$3.7b16.5x17.2x2.3x
Wed, 16 Aug 2023CA$62.1bCA$27.8bCA$3.7b16.2x16.6x2.2x
Fri, 14 Jul 2023CA$65.4bCA$27.6bCA$3.6b16.9x18.1x2.4x
Sun, 11 Jun 2023CA$65.8bCA$27.6bCA$3.6b17.5x18.2x2.4x
Tue, 09 May 2023CA$69.7bCA$27.2bCA$3.4b18.9x20.4x2.6x
Thu, 06 Apr 2023CA$68.4bCA$26.7bCA$3.4b19x20.4x2.6x
Sat, 04 Mar 2023CA$62.7bCA$26.7bCA$3.4b18.3x18.7x2.3x
Mon, 30 Jan 2023CA$63.1bCA$25.5bCA$3.1b19.4x20.1x2.5x
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 20x202420252026
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 9.7% 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 Comparison

How does Canadian Electric Utilities compare with similar industries?

CA Market0.70%
Utilities-0.013%
Electric Utilities0.80%
Electric Utilities0.80%
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
H Hydro OneCA$53.131.3%
+CA$407.9m		19.6%PE24.4x
EMA EmeraCA$68.450.8%
+CA$162.9m		26.2%PE18.8x
FTS FortisCA$72.090.4%
+CA$140.4m		18.7%PE21.4x
CUP.U Caribbean Utilities CompanyUS$13.420.5%
+US$3.0m		-3.7%PE12.3x

Latest News

H
CA$53.13
Hydro One
7D
1.3%
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$72.09
Fortis
7D
0.4%
1Y
18.7%

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.
EMA
CA$68.45
Emera
7D
0.8%
1Y
26.2%

Emera (TSE:EMA) Will Pay A Dividend Of CA$0.7325

Jan 16
Emera (TSE:EMA) Will Pay A Dividend Of CA$0.7325
CUP.U
US$13.42
Caribbean Utilities Company
7D
0.5%
1Y
-3.7%