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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies4
  • 7D1.1%
  • 3M0.2%
  • 1Y21.6%
  • YTDn/a

The Electric Utilities is pretty flat in the last 7 days, but Emera has stood out, gaining 3.1%. The past year has been better, since the industry has gained 21% in that time. As for the next few years, earnings are expected to grow by 6.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Jan 2026CA$89.1bCA$29.7bCA$4.1b20.2x21.5x3x
Thu, 18 Dec 2025CA$87.8bCA$29.7bCA$4.1b19.7x21.2x3x
Sat, 15 Nov 2025CA$89.8bCA$29.7bCA$4.1b20.1x21.7x3x
Mon, 13 Oct 2025CA$87.3bCA$29.1bCA$3.9b22.3x22.5x3x
Wed, 10 Sep 2025CA$83.7bCA$29.1bCA$3.9b21.1x21.6x2.9x
Fri, 08 Aug 2025CA$84.6bCA$28.7bCA$3.8b21.6x22.1x2.9x
Sun, 06 Jul 2025CA$80.6bCA$28.6bCA$3.8b20.4x21.3x2.8x
Tue, 03 Jun 2025CA$83.2bCA$28.6bCA$3.8b20.9x22x2.9x
Thu, 01 May 2025CA$83.7bCA$27.5bCA$3.3b24.4x25.4x3x
Sat, 29 Mar 2025CA$79.2bCA$27.5bCA$3.3b22.5x24x2.9x
Mon, 24 Feb 2025CA$75.8bCA$27.4bCA$3.3b21.5x23.1x2.8x
Wed, 22 Jan 2025CA$73.2bCA$27.5bCA$3.4b21.3x21.5x2.7x
Fri, 20 Dec 2024CA$72.1bCA$27.5bCA$3.4b20.8x21.2x2.6x
Sun, 17 Nov 2024CA$73.1bCA$27.5bCA$3.4b21.5x21.6x2.7x
Tue, 15 Oct 2024CA$71.2bCA$27.1bCA$3.5b19.6x20.6x2.6x
Thu, 12 Sep 2024CA$73.7bCA$27.1bCA$3.5b19.9x21.3x2.7x
Sat, 10 Aug 2024CA$70.4bCA$26.8bCA$3.3b20.7x21.2x2.6x
Mon, 08 Jul 2024CA$63.7bCA$26.7bCA$3.3b19x19.4x2.4x
Wed, 05 Jun 2024CA$64.9bCA$26.7bCA$3.3b19.8x19.7x2.4x
Fri, 03 May 2024CA$63.8bCA$27.0bCA$3.6b15.6x17.6x2.4x
Sun, 31 Mar 2024CA$64.2bCA$27.2bCA$3.6b15.8x17.8x2.4x
Tue, 27 Feb 2024CA$63.8bCA$27.2bCA$3.6b15.3x17.7x2.3x
Thu, 25 Jan 2024CA$63.7bCA$27.8bCA$3.8b14.6x16.8x2.3x
Sat, 23 Dec 2023CA$63.9bCA$27.8bCA$3.8b14.7x16.9x2.3x
Mon, 20 Nov 2023CA$64.5bCA$27.8bCA$3.8b15x17x2.3x
Wed, 18 Oct 2023CA$61.6bCA$27.8bCA$3.7b16.4x16.5x2.2x
Fri, 15 Sep 2023CA$63.0bCA$27.8bCA$3.7b16.4x16.9x2.3x
Sun, 13 Aug 2023CA$63.2bCA$27.8bCA$3.7b16.2x16.9x2.3x
Tue, 11 Jul 2023CA$63.8bCA$27.6bCA$3.6b16.5x17.6x2.3x
Thu, 08 Jun 2023CA$65.5bCA$27.6bCA$3.6b17.5x18.1x2.4x
Sat, 06 May 2023CA$69.6bCA$27.2bCA$3.4b18.8x20.4x2.6x
Mon, 03 Apr 2023CA$66.5bCA$26.7bCA$3.4b18.6x19.8x2.5x
Wed, 01 Mar 2023CA$62.4bCA$26.7bCA$3.4b18.2x18.6x2.3x
Fri, 27 Jan 2023CA$63.5bCA$25.5bCA$3.1b19.5x20.3x2.5x
Price to Earnings Ratio

20.3x


Total Market Cap: CA$63.5bTotal 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 Market0.93%
Utilities1.27%
Electric Utilities1.08%
Electric Utilities1.08%
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
EMA EmeraCA$68.583.3%
+CA$669.9m		27.5%PE18.8x
FTS FortisCA$72.491.7%
+CA$606.9m		19.7%PE21.5x
CUP.U Caribbean Utilities CompanyUS$13.350.2%
+US$1.3m		-3.0%PE12.2x

Latest News

EMA
CA$68.58
Emera
7D
3.3%
1Y
27.5%

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

Jan 16
Emera (TSE:EMA) Will Pay A Dividend Of CA$0.7325
H
CA$53.23
Hydro One
7D
-1.0%
1Y
20.8%
FTS
CA$72.49
Fortis
7D
1.7%
1Y
19.7%

FTS: Fairly Valued Shares Will Balance Dividend Stability With Regulated Rate Base Expansion

Analysts have lifted their price expectations for Fortis to a range of C$69 to C$79, reflecting updated models and views that its diverse utility footprint and projected 7.0% five year rate base CAGR remain supportive for the shares. Analyst Commentary Recent research updates show a tighter cluster of price targets for Fortis, with most sitting in the C$69 to C$79 range.
CUP.U
US$13.35
Caribbean Utilities Company
7D
0.2%
1Y
-3.0%