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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies4
  • 7D6.0%
  • 3M2.5%
  • 1Y29.2%
  • YTD6.8%

Over the last 7 days, the Gas Utilities industry has risen 6.4%, driven by gains from AltaGas of 6.5%. During this same period, the EverGen Infrastructure underperformed, falling 5.3%. This takes the industry's 12 month performance to a gain of 30%. As for the next few years, earnings are expected to grow by 3.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026CA$15.7bCA$16.1bCA$753.0m18.7x20.8x1x
Fri, 16 Jan 2026CA$14.3bCA$16.2bCA$753.5m17.1x19x0.9x
Sun, 14 Dec 2025CA$14.5bCA$16.2bCA$753.2m17.5x19.3x0.9x
Tue, 11 Nov 2025CA$14.5bCA$16.3bCA$793.2m16.9x18.3x0.9x
Thu, 09 Oct 2025CA$14.6bCA$16.4bCA$827.0m16.4x17.6x0.9x
Sat, 06 Sep 2025CA$14.0bCA$16.4bCA$826.4m15.9x17x0.9x
Mon, 04 Aug 2025CA$13.9bCA$16.4bCA$786.4m15.9x17.7x0.8x
Wed, 02 Jul 2025CA$13.4bCA$16.3bCA$569.1m21x23.5x0.8x
Fri, 30 May 2025CA$13.1bCA$16.3bCA$570.7m20.5x23x0.8x
Sun, 27 Apr 2025CA$13.6bCA$15.9bCA$520.7m20.7x26.1x0.9x
Tue, 25 Mar 2025CA$13.0bCA$16.0bCA$518.9m19.9x25.1x0.8x
Thu, 20 Feb 2025CA$11.7bCA$16.0bCA$504.7m41.4x23.2x0.7x
Sat, 18 Jan 2025CA$11.7bCA$16.1bCA$505.2m43.1x23.2x0.7x
Mon, 16 Dec 2024CA$11.3bCA$16.0bCA$504.8m43.1x22.5x0.7x
Wed, 13 Nov 2024CA$11.6bCA$15.9bCA$504.7m44.4x22.9x0.7x
Fri, 11 Oct 2024CA$12.0bCA$16.2bCA$421.6m23.5x28.5x0.7x
Sun, 08 Sep 2024CA$12.2bCA$16.1bCA$421.6m23.8x28.8x0.8x
Tue, 06 Aug 2024CA$11.8bCA$16.2bCA$453.3m22.9x25.9x0.7x
Thu, 04 Jul 2024CA$11.4bCA$16.0bCA$627.9m15.3x18.1x0.7x
Sat, 01 Jun 2024CA$11.3bCA$16.0bCA$626.9m15.1x18x0.7x
Mon, 29 Apr 2024CA$11.3bCA$16.4bCA$693.9m13.9x16.3x0.7x
Wed, 27 Mar 2024CA$11.3bCA$16.4bCA$694.0m13.5x16.3x0.7x
Fri, 23 Feb 2024CA$11.0bCA$17.0bCA$635.0m14.7x17.3x0.6x
Sun, 21 Jan 2024CA$10.6bCA$17.1bCA$620.4m14x17.1x0.6x
Tue, 19 Dec 2023CA$10.1bCA$17.1bCA$620.4m13.2x16.2x0.6x
Thu, 16 Nov 2023CA$10.2bCA$17.1bCA$618.3m13.4x16.4x0.6x
Sat, 14 Oct 2023CA$10.1bCA$17.1bCA$521.5m8x19.3x0.6x
Mon, 11 Sep 2023CA$10.1bCA$17.1bCA$521.4m8x19.5x0.6x
Wed, 09 Aug 2023CA$9.7bCA$17.1bCA$519.1m11.3x18.7x0.6x
Fri, 07 Jul 2023CA$9.2bCA$17.8bCA$378.5m13.3x24.2x0.5x
Sun, 04 Jun 2023CA$8.9bCA$17.8bCA$378.5m12x23.5x0.5x
Tue, 02 May 2023CA$8.8bCA$17.7bCA$373.7m9.9x23.4x0.5x
Thu, 30 Mar 2023CA$8.5bCA$17.5bCA$285.6m11.1x29.8x0.5x
Sat, 25 Feb 2023CA$9.0bCA$16.8bCA$75.6m21.2x118.9x0.5x
Price to Earnings Ratio

118.9x


Total Market Cap: CA$9.0bTotal Earnings: CA$75.6mTotal Revenue: CA$16.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 22.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Gas 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 22.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have grown 115% 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 Market-0.70%
Utilities4.79%
Gas Utilities6.02%
Gas Utilities6.02%
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$44.866.3%
+CA$828.0m		29.4%PE18.7x
SPB Superior PlusCA$7.853.8%
+CA$62.9m		30.0%PE78.5x
CFY CF EnergyCA$0.138.7%
+CA$658.9k		-21.9%PE1.8x

Latest News

CFY
CA$0.13
CF Energy
7D
8.7%
1Y
-21.9%

Here's What's Concerning About CF Energy's (CVE:CFY) Returns On Capital

Feb 13
Here's What's Concerning About CF Energy's (CVE:CFY) Returns On Capital
SPB
CA$7.85
Superior Plus
7D
3.8%
1Y
30.0%

Is Superior Plus (TSE:SPB) Using Too Much Debt?

Feb 11
Is Superior Plus (TSE:SPB) Using Too Much Debt?
ALA
CA$44.86
AltaGas
7D
6.3%
1Y
29.4%

ALA: Montney Storage Expansion And Higher Dividend Will Support Future Upside

Analysts have adjusted their price outlook for AltaGas, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E expectations. Together, these factors have led to a revised price target of $47.09.
EVGN
CA$0.45
EverGen Infrastructure
7D
-5.3%
1Y
-55.1%

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

Dec 21
Is EverGen Infrastructure (CVE:EVGN) Weighed On By Its Debt Load?