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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies4
  • 7D2.5%
  • 3M-0.5%
  • 1Y21.1%
  • YTD0.4%

The Gas Utilities industry is up 2.5% in the last week, with AltaGas up 2.8%. In the same time, CF Energy was down 8.3%. This means that the industry has gained 21% over the past year. Looking forward, earnings are forecast to grow by 3.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026CA$14.8bCA$16.1bCA$753.1m17.6x19.6x0.9x
Tue, 06 Jan 2026CA$14.5bCA$16.2bCA$753.2m17.4x19.3x0.9x
Thu, 04 Dec 2025CA$15.1bCA$16.2bCA$753.5m17.9x20x0.9x
Sat, 01 Nov 2025CA$14.0bCA$16.3bCA$793.3m16.6x17.7x0.9x
Mon, 29 Sep 2025CA$14.5bCA$16.4bCA$826.9m16.3x17.6x0.9x
Wed, 27 Aug 2025CA$14.1bCA$16.4bCA$824.7m15.5x17.1x0.9x
Fri, 25 Jul 2025CA$13.7bCA$16.3bCA$569.1m21.4x24x0.8x
Sun, 22 Jun 2025CA$13.3bCA$16.3bCA$569.3m20.5x23.4x0.8x
Tue, 20 May 2025CA$12.9bCA$16.4bCA$571.0m19.8x22.7x0.8x
Thu, 17 Apr 2025CA$13.4bCA$15.9bCA$520.7m20.7x25.7x0.8x
Sat, 15 Mar 2025CA$13.0bCA$16.0bCA$518.7m19.6x25x0.8x
Mon, 10 Feb 2025CA$11.8bCA$16.0bCA$504.9m41x23.4x0.7x
Wed, 08 Jan 2025CA$11.6bCA$16.0bCA$505.0m43.3x22.9x0.7x
Fri, 06 Dec 2024CA$12.1bCA$16.0bCA$504.5m47.3x24x0.8x
Sun, 03 Nov 2024CA$11.7bCA$15.9bCA$480.6m20.6x24.4x0.7x
Tue, 01 Oct 2024CA$11.8bCA$16.1bCA$421.6m23.2x28.1x0.7x
Thu, 29 Aug 2024CA$12.0bCA$16.1bCA$425.6m14.2x28.2x0.7x
Sat, 27 Jul 2024CA$11.7bCA$16.1bCA$628.3m16.2x18.6x0.7x
Mon, 24 Jun 2024CA$11.1bCA$16.1bCA$628.0m14.7x17.7x0.7x
Wed, 22 May 2024CA$11.5bCA$16.0bCA$627.4m15.1x18.3x0.7x
Fri, 19 Apr 2024CA$11.1bCA$16.4bCA$694.1m13.6x16x0.7x
Sun, 17 Mar 2024CA$11.2bCA$16.4bCA$694.0m13.5x16.1x0.7x
Tue, 13 Feb 2024CA$10.5bCA$17.1bCA$620.4m13.9x16.9x0.6x
Thu, 11 Jan 2024CA$10.9bCA$17.1bCA$620.3m14.5x17.5x0.6x
Sat, 09 Dec 2023CA$10.4bCA$17.1bCA$620.5m13.5x16.8x0.6x
Mon, 06 Nov 2023CA$10.2bCA$17.1bCA$519.5m8.1x19.7x0.6x
Wed, 04 Oct 2023CA$9.6bCA$17.1bCA$521.5m7.7x18.5x0.6x
Fri, 01 Sep 2023CA$10.0bCA$17.1bCA$521.5m7.9x19.2x0.6x
Sun, 30 Jul 2023CA$9.8bCA$17.2bCA$475.5m11.4x20.6x0.6x
Tue, 27 Jun 2023CA$8.9bCA$17.8bCA$378.5m11.1x23.5x0.5x
Thu, 25 May 2023CA$8.6bCA$17.8bCA$380.8m9.3x22.6x0.5x
Sat, 22 Apr 2023CA$8.7bCA$17.5bCA$285.2m11.6x30.7x0.5x
Mon, 20 Mar 2023CA$8.4bCA$17.5bCA$285.6m11.2x29.5x0.5x
Wed, 15 Feb 2023CA$9.2bCA$16.5bCA$36.8m22.1x249x0.6x
Price to Earnings Ratio

249x


Total Market Cap: CA$9.2bTotal Earnings: CA$36.8mTotal Revenue: CA$16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 24.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Gas Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.0x which is lower than its 3-year average PE of 24.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have grown 174% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Canadian Utilities industry?

CA Market2.10%
Utilities1.24%
Gas Utilities2.55%
Gas Utilities2.55%
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
ALA AltaGasCA$42.212.8%
+CA$354.9m		21.1%PE17.6x
SPB Superior PlusCA$7.350.7%
+CA$5.4m		22.9%PE73.5x
EVGN EverGen InfrastructureCA$0.4711.9%
+CA$1.3m		-58.4%PS1.1x

Latest News

ALA
CA$42.21
AltaGas
7D
2.8%
1Y
21.1%

AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.334

Feb 06
AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.334
SPB
CA$7.35
Superior Plus
7D
0.7%
1Y
22.9%

SPB: Share Buybacks And Mixed Ratings Will Shape Future Risk Balance

Analysts now set their fair value estimate for Superior Plus at about $7.07, up from $6.63, reflecting a mix of reduced Street price targets in the C$9 to C$10 range, an upgrade to Buy at C$8.50, and updated assumptions around revenue growth, margins, discount rate, and future P/E. Analyst Commentary Recent research on Superior Plus reflects a mixed backdrop, with some support around C$8.50 to C$10 and a cluster of more cautious revisions that feed into the trimmed fair value estimate of about $7.07.
EVGN
CA$0.47
EverGen Infrastructure
7D
11.9%
1Y
-58.4%

Is EverGen Infrastructure (CVE:EVGN) Weighed On By Its Debt Load?

Dec 21
Is EverGen Infrastructure (CVE:EVGN) Weighed On By Its Debt Load?
CFY
CA$0.11
CF Energy
7D
-8.3%
1Y
-24.1%