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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies4
  • 7D1.1%
  • 3M2.0%
  • 1Y20.0%
  • YTDn/a

Over the last 7 days, the Electric Utilities industry has dropped 2.5%, driven by Emera declining 1.8%. This takes the industry's 12 month performance to a gain of 20%. Looking forward, earnings are forecast to grow by 6.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Nov 2025CA$88.2bCA$29.3bCA$3.9b22.2x22.8x3x
Mon, 06 Oct 2025CA$85.6bCA$29.1bCA$3.9b21.8x22.1x2.9x
Wed, 03 Sep 2025CA$84.4bCA$29.1bCA$3.9b21.2x21.8x2.9x
Fri, 01 Aug 2025CA$83.4bCA$28.6bCA$3.8b21.5x22.1x2.9x
Sun, 29 Jun 2025CA$80.5bCA$28.6bCA$3.8b20.4x21.3x2.8x
Tue, 27 May 2025CA$82.5bCA$28.6bCA$3.8b20.7x21.8x2.9x
Thu, 24 Apr 2025CA$83.3bCA$27.5bCA$3.3b23.7x25.3x3x
Sat, 22 Mar 2025CA$79.8bCA$27.5bCA$3.3b22.7x24.2x2.9x
Mon, 17 Feb 2025CA$76.0bCA$27.6bCA$3.4b21.7x22.3x2.8x
Wed, 15 Jan 2025CA$70.4bCA$27.5bCA$3.4b20.4x20.7x2.6x
Fri, 13 Dec 2024CA$73.6bCA$27.5bCA$3.4b21.1x21.7x2.7x
Sun, 10 Nov 2024CA$72.6bCA$27.5bCA$3.5b19.8x20.8x2.6x
Tue, 08 Oct 2024CA$72.3bCA$27.1bCA$3.5b19.3x20.9x2.7x
Thu, 05 Sep 2024CA$72.8bCA$27.1bCA$3.5b19.8x21.1x2.7x
Sat, 03 Aug 2024CA$69.1bCA$26.8bCA$3.3b20.8x20.8x2.6x
Mon, 01 Jul 2024CA$63.8bCA$26.7bCA$3.3b19.1x19.4x2.4x
Wed, 29 May 2024CA$65.2bCA$26.7bCA$3.3b19.4x19.8x2.4x
Fri, 26 Apr 2024CA$62.9bCA$27.2bCA$3.6b15.7x17.4x2.3x
Sun, 24 Mar 2024CA$64.9bCA$27.2bCA$3.6b15.7x18x2.4x
Tue, 20 Feb 2024CA$64.5bCA$27.6bCA$3.8b14.5x17x2.3x
Thu, 18 Jan 2024CA$64.3bCA$27.8bCA$3.8b15x17x2.3x
Sat, 16 Dec 2023CA$64.9bCA$27.8bCA$3.8b14.8x17.1x2.3x
Mon, 13 Nov 2023CA$63.4bCA$27.9bCA$3.9b15x16.5x2.3x
Wed, 11 Oct 2023CA$61.4bCA$27.8bCA$3.7b16x16.4x2.2x
Fri, 08 Sep 2023CA$61.5bCA$27.8bCA$3.7b16.4x16.5x2.2x
Sun, 06 Aug 2023CA$62.2bCA$27.7bCA$3.6b15.9x17.2x2.2x
Tue, 04 Jul 2023CA$65.7bCA$27.6bCA$3.6b17x18.2x2.4x
Thu, 01 Jun 2023CA$66.3bCA$27.6bCA$3.6b17.7x18.3x2.4x
Sat, 29 Apr 2023CA$68.7bCA$26.7bCA$3.4b19.1x20.5x2.6x
Mon, 27 Mar 2023CA$64.6bCA$26.7bCA$3.4b18.4x19.2x2.4x
Wed, 22 Feb 2023CA$63.4bCA$26.2bCA$3.2b19.3x19.8x2.4x
Fri, 20 Jan 2023CA$64.3bCA$25.5bCA$3.1b19.7x20.5x2.5x
Sun, 18 Dec 2022CA$63.2bCA$25.5bCA$3.1b19.2x20.2x2.5x
Tue, 15 Nov 2022CA$60.0bCA$25.5bCA$3.1b18.5x19.1x2.4x
Price to Earnings Ratio

19.1x


Total Market Cap: CA$60.0bTotal Earnings: CA$3.1bTotal Revenue: CA$25.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electric Utilities Industry Price to Earnings3Y Average 19.9x202320242025
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 22.4x which is higher than its 3-year average PE of 19.9x.
  • 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 10% per year over the last three years.
  • Revenues for these companies have grown 5.7% 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-0.72%
Utilities1.07%
Electric Utilities1.11%
Electric Utilities1.11%
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$71.962.1%
+CA$732.3m		17.1%PE21.4x
EMA EmeraCA$67.230.8%
+CA$164.6m		34.0%PE23x
H Hydro OneCA$51.810.2%
+CA$48.0m		16.1%PE24.7x
CUP.U Caribbean Utilities CompanyUS$13.483.1%
+US$16.9m		-0.2%PE12.8x

Latest News

FTS
CA$71.96
Fortis
7D
2.1%
1Y
17.1%

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
EMA
CA$67.23
Emera
7D
0.8%
1Y
34.0%

Are Investors Undervaluing Emera Incorporated (TSE:EMA) By 23%?

Nov 04
Are Investors Undervaluing Emera Incorporated (TSE:EMA) By 23%?
H
CA$51.81
Hydro One
7D
0.2%
1Y
16.1%

Electricity Demand Trends Will Strengthen Stability Amid Shifting Market Dynamics

Analysts have modestly increased their fair value estimate for Hydro One following a C$2 price target uptick. The outlook is supported by solid Q3 performance expectations and the stability of regulated utilities in a volatile market environment.
CUP.U
US$13.48
Caribbean Utilities Company
7D
3.1%
1Y
-0.2%