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Canadian (TSX) Electric Utilities Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies4
  • 7D2.5%
  • 3M-1.8%
  • 1Y19.6%
  • YTDn/a

Over the last 7 days, the Electric Utilities industry has risen 1.2%, driven by gains from Fortis of 2.3%. This takes the industry's 12 month performance to a gain of 19%. As for the next few years, earnings are expected to grow by 7.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026CA$97.7bCA$30.7bCA$4.1b23.1x23.7x3.2x
Wed, 13 May 2026CA$96.9bCA$30.5bCA$4.1b22.5x23.7x3.2x
Fri, 10 Apr 2026CA$98.2bCA$30.3bCA$4.1b22.8x23.9x3.2x
Sun, 08 Mar 2026CA$97.4bCA$30.3bCA$4.1b22.3x23.7x3.2x
Tue, 03 Feb 2026CA$89.6bCA$29.7bCA$4.1b19.9x21.7x3x
Thu, 01 Jan 2026CA$89.3bCA$29.7bCA$4.1b19.9x21.6x3x
Sat, 29 Nov 2025CA$90.6bCA$29.7bCA$4.1b20.2x21.9x3x
Mon, 27 Oct 2025CA$88.9bCA$29.1bCA$3.9b22.4x22.9x3x
Wed, 24 Sep 2025CA$83.2bCA$29.1bCA$3.9b21.1x21.5x2.9x
Fri, 22 Aug 2025CA$86.4bCA$29.1bCA$3.9b21.9x22.3x3x
Sun, 20 Jul 2025CA$80.5bCA$28.6bCA$3.8b20.6x21.3x2.8x
Tue, 17 Jun 2025CA$81.2bCA$28.6bCA$3.8b20.4x21.5x2.8x
Thu, 15 May 2025CA$80.2bCA$28.6bCA$3.8b20.1x21.2x2.8x
Sat, 12 Apr 2025CA$78.0bCA$27.5bCA$3.3b22.6x23.7x2.8x
Mon, 10 Mar 2025CA$78.5bCA$27.5bCA$3.3b22.2x23.8x2.9x
Wed, 05 Feb 2025CA$75.4bCA$27.5bCA$3.4b21.4x22.2x2.7x
Fri, 03 Jan 2025CA$72.7bCA$27.5bCA$3.4b21x21.4x2.6x
Sun, 01 Dec 2024CA$74.8bCA$27.5bCA$3.4b21.9x22x2.7x
Tue, 29 Oct 2024CA$73.6bCA$27.1bCA$3.5b20.4x21.3x2.7x
Thu, 26 Sep 2024CA$73.8bCA$27.1bCA$3.5b20.3x21.4x2.7x
Sat, 24 Aug 2024CA$71.3bCA$27.1bCA$3.5b19.4x20.7x2.6x
Mon, 22 Jul 2024CA$66.2bCA$26.7bCA$3.3b19.9x20.1x2.5x
Wed, 19 Jun 2024CA$63.4bCA$26.7bCA$3.3b19x19.3x2.4x
Fri, 17 May 2024CA$66.6bCA$26.7bCA$3.3b20x20.2x2.5x
Sun, 14 Apr 2024CA$62.5bCA$27.2bCA$3.6b15.4x17.3x2.3x
Tue, 12 Mar 2024CA$65.9bCA$27.2bCA$3.6b15.9x18.3x2.4x
Thu, 08 Feb 2024CA$64.4bCA$27.8bCA$3.8b14.6x17x2.3x
Sat, 06 Jan 2024CA$65.3bCA$27.8bCA$3.8b15.1x17.2x2.4x
Mon, 04 Dec 2023CA$63.3bCA$27.8bCA$3.8b14.6x16.7x2.3x
Wed, 01 Nov 2023CA$61.3bCA$28.0bCA$3.8b14.9x16.1x2.2x
Fri, 29 Sep 2023CA$59.7bCA$27.8bCA$3.7b15.6x16x2.1x
Sun, 27 Aug 2023CA$61.9bCA$27.8bCA$3.7b16.3x16.6x2.2x
Tue, 25 Jul 2023CA$66.1bCA$27.6bCA$3.6b16.9x18.3x2.4x
Thu, 22 Jun 2023CA$64.8bCA$27.6bCA$3.6b17.2x17.9x2.3x
Price to Earnings Ratio

17.9x


Total Market Cap: CA$64.8bTotal 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 23.7x 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 3.2x.
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 Market1.37%
Utilities0.61%
Electric Utilities2.48%
Electric Utilities2.48%
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$79.613.5%
+CA$1.4b		22.9%PE23.6x
EMA EmeraCA$73.503.1%
+CA$669.9m		19.8%PE22.6x
H Hydro OneCA$56.690.9%
+CA$306.0m		16.0%PE24.8x
CUP.U Caribbean Utilities CompanyUS$14.952.4%
+US$14.9m		11.7%PE13.8x

Latest News

H
CA$56.69
Hydro One
7D
0.9%
1Y
16.0%
FTS
CA$79.61
Fortis
7D
3.5%
1Y
22.9%
EMA
CA$73.50
Emera
7D
3.1%
1Y
19.8%
Narrative Update • Jun 05

EMA: Incremental Price Hikes And Mixed Sentiment Will Shape Balanced Forward Outlook

Emera's analyst price target has been nudged higher by about CA$1, as several firms raised their targets while keeping earnings and margin assumptions broadly unchanged and maintaining similar P/E expectations. Analyst Commentary Recent research points to a mixed but generally constructive stance on Emera, with several price targets nudged higher and one trimmed, while core earnings, margin and P/E assumptions are largely unchanged.
CUP.U
US$14.95
Caribbean Utilities Company
7D
2.4%
1Y
11.7%