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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies4
  • 7D-4.5%
  • 3M-2.8%
  • 1Y13.8%
  • YTDn/a

Over the last 7 days, the Electric Utilities industry has dropped 4.4%, driven by Hydro One declining 6.4%. Over the past 12 months, the industry was up 13%. Earnings are forecast to grow by 7.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jun 2026CA$94.4bCA$30.7bCA$4.1b22.2x22.9x3.1x
Sat, 02 May 2026CA$97.3bCA$30.3bCA$4.1b22.4x23.7x3.2x
Mon, 30 Mar 2026CA$95.5bCA$30.3bCA$4.1b22.1x23.2x3.2x
Wed, 25 Feb 2026CA$96.1bCA$30.3bCA$4.1b22x23.4x3.2x
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
Price to Earnings Ratio

18.2x


Total Market Cap: CA$65.8bTotal Earnings: CA$3.6bTotal Revenue: CA$27.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electric Utilities Industry Price to Earnings3Y Average 20.5x202420252026
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 22.9x which is higher than its 3-year average PE of 20.5x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.1x.
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 Comparison

How does Canadian Electric Utilities compare with similar industries?

CA Market0.85%
Utilities-1.71%
Electric Utilities-4.53%
Electric Utilities-4.53%
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
CUP.U Caribbean Utilities CompanyUS$14.402.9%
+US$17.0m		8.4%PE13.3x

Latest News

H
CA$55.58
Hydro One
7D
-6.0%
1Y
11.8%
CUP.U
US$14.40
Caribbean Utilities Company
7D
2.9%
1Y
8.4%
EMA
CA$70.64
Emera
7D
-4.7%
1Y
14.2%
Narrative Update • May 21

EMA: Florida Stability And Nova Scotia Risk Will Guide Balanced Forward Outlook

Analysts have lifted the CA$ fair value estimate for Emera by about CA$0.44 to reflect slightly higher projected revenue growth, a modestly stronger profit margin profile, a small adjustment to the discount rate, and a marginally lower future P/E assumption, in line with recent upward revisions to price targets from several firms alongside a single trim. Analyst Commentary Recent Street research on Emera has centered on a series of price target adjustments and a fresh initiation, giving you a clearer sense of how valuation, growth expectations, and execution risks are being weighed.
FTS
CA$76.01
Fortis
7D
-3.2%
1Y
15.3%
Narrative Update • May 20

FTS: Fairly Valued Outlook Will Rely On Discount Rates And Profit Margins

Analysts have nudged the Fortis price target higher to about CA$78.90. They cite recent target increases from several banks and updated assumptions around discount rates, profit margins and forward P/E that are only partly offset by a modest cut from one firm.