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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies4
  • 7D-0.1%
  • 3M-1.7%
  • 1Y8.9%
  • YTDn/a

The Electric Utilities industry has stayed flat over the last week. The past year has been better, since the industry has gained 8.8% in that time. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Sep 2026CA$93.0bCA$31.1bCA$4.2b22.4x22.4x3x
Fri, 31 Jul 2026CA$100.3bCA$30.7bCA$4.1b23.6x24.3x3.3x
Sun, 28 Jun 2026CA$101.5bCA$30.7bCA$4.1b24x24.6x3.3x
Tue, 26 May 2026CA$98.3bCA$30.7bCA$4.1b23x23.8x3.2x
Thu, 23 Apr 2026CA$95.6bCA$30.3bCA$4.1b21.9x23.2x3.2x
Sat, 21 Mar 2026CA$96.9bCA$30.3bCA$4.1b21.7x23.6x3.2x
Mon, 16 Feb 2026CA$94.9bCA$30.0bCA$4.2b21.1x22.6x3.2x
Wed, 14 Jan 2026CA$88.6bCA$29.7bCA$4.1b19.7x21.4x3x
Fri, 12 Dec 2025CA$86.0bCA$29.7bCA$4.1b19.2x20.8x2.9x
Sun, 09 Nov 2025CA$88.0bCA$29.6bCA$4.1b19.9x21.5x3x
Tue, 07 Oct 2025CA$85.6bCA$29.1bCA$3.9b21.9x22.1x2.9x
Thu, 04 Sep 2025CA$84.1bCA$29.1bCA$3.9b21.2x21.7x2.9x
Sat, 02 Aug 2025CA$83.3bCA$28.6bCA$3.8b21.5x22x2.9x
Mon, 30 Jun 2025CA$80.5bCA$28.6bCA$3.8b20.4x21.3x2.8x
Wed, 28 May 2025CA$82.6bCA$28.6bCA$3.8b21x21.8x2.9x
Fri, 25 Apr 2025CA$83.1bCA$27.5bCA$3.3b23.8x25.2x3x
Sun, 23 Mar 2025CA$79.8bCA$27.5bCA$3.3b22.7x24.2x2.9x
Tue, 18 Feb 2025CA$76.0bCA$27.6bCA$3.4b21.7x22.3x2.8x
Thu, 16 Jan 2025CA$70.5bCA$27.5bCA$3.4b20.5x20.7x2.6x
Sat, 14 Dec 2024CA$73.2bCA$27.5bCA$3.4b21.1x21.6x2.7x
Mon, 11 Nov 2024CA$72.6bCA$27.5bCA$3.4b21.3x21.4x2.6x
Wed, 09 Oct 2024CA$70.7bCA$27.1bCA$3.5b19.3x20.5x2.6x
Fri, 06 Sep 2024CA$73.0bCA$27.1bCA$3.5b19.9x21.1x2.7x
Sun, 04 Aug 2024CA$70.3bCA$26.8bCA$3.3b20.8x21.1x2.6x
Tue, 02 Jul 2024CA$63.8bCA$26.7bCA$3.3b19.1x19.4x2.4x
Thu, 30 May 2024CA$64.2bCA$26.7bCA$3.3b19.1x19.5x2.4x
Sat, 27 Apr 2024CA$63.0bCA$27.2bCA$3.6b15.7x17.5x2.3x
Mon, 25 Mar 2024CA$64.9bCA$27.2bCA$3.6b15.7x18x2.4x
Wed, 21 Feb 2024CA$64.8bCA$27.6bCA$3.8b14.7x17.1x2.3x
Fri, 19 Jan 2024CA$63.7bCA$27.8bCA$3.8b14.8x16.8x2.3x
Sun, 17 Dec 2023CA$64.9bCA$27.8bCA$3.8b14.8x17.1x2.3x
Tue, 14 Nov 2023CA$63.3bCA$27.9bCA$3.9b14.9x16.4x2.3x
Thu, 12 Oct 2023CA$62.6bCA$27.8bCA$3.7b16.5x16.8x2.3x
Sat, 09 Sep 2023CA$61.5bCA$27.8bCA$3.7b16.2x16.5x2.2x
Price to Earnings Ratio

16.5x


Total Market Cap: CA$61.5bTotal Earnings: CA$3.7bTotal Revenue: CA$27.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electric Utilities Industry Price to Earnings3Y Average 21x202420252026
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 21.0x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Electric Utilities industry have grown 3.7% per year over the last three years.
  • Revenues for these companies have grown 3.8% 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 Market-2.59%
Utilities-1.20%
Electric Utilities-0.15%
Electric Utilities-0.15%
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$76.390.3%
+CA$112.0m		11.9%PE22.5x

Latest News

CUP.U
US$14.41
Caribbean Utilities Company
7D
-0.7%
1Y
7.7%
H
CA$53.16
Hydro One
7D
-0.6%
1Y
6.9%
EMA
CA$69.64
Emera
7D
-0.3%
1Y
6.8%
FTS
CA$76.39
Fortis
7D
0.3%
1Y
11.9%
Narrative Update • Aug 04

FTS: Fairly Valued Outlook Will Depend On Affordability Efforts And Data Center Demand

Analysts have raised the Fortis fair value estimate from CA$79.43 to CA$81.63. This reflects updated price targets that emphasize its role in addressing customer affordability and potential data center-related demand, while also incorporating views that significant additional upside may depend on securing more capital.