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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies4
  • 7D-1.3%
  • 3M-1.1%
  • 1Y24.7%
  • YTD22.8%

Over the last 7 days, the Gas Utilities industry has dropped 1.3%, driven by pullbacks from every company within the industry. This takes the industry's 12 month performance to a gain of 25%. Looking forward, earnings are forecast to grow by 6.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 23 Jan 2023CA$9.1bCA$16.5bCA$36.8m21.5x248.5x0.6x
Wed, 21 Dec 2022CA$8.4bCA$16.5bCA$36.8m19.6x229.2x0.5x
Price to Earnings Ratio

229.2x


Total Market Cap: CA$8.4bTotal Earnings: CA$36.8mTotal Revenue: CA$16.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 36.1x202320242025
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 19.3x which is lower than its 3-year average PE of 36.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.69x.
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 Market0.76%
Utilities-0.77%
Gas Utilities-1.29%
Gas Utilities-1.29%
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
No data available

Latest News

ALA
CA$41.79
AltaGas
7D
-1.0%
1Y
27.3%

ALA: Higher Price Outlook Will Highlight Dividend Increase Amid Execution Risks

Analysts have nudged their price target on AltaGas higher, from about C$46.00 to approximately C$48.00, citing slightly improved growth expectations and valuation multiples that support a modestly richer outlook for the shares. Analyst Commentary Analyst commentary surrounding the updated price target highlights a constructive view on AltaGas, with the revised target reflecting both refined growth expectations and confidence in the company’s execution track record.
EVGN
CA$0.29
EverGen Infrastructure
7D
-7.9%
1Y
-80.7%
SPB
CA$6.86
Superior Plus
7D
-3.4%
1Y
8.4%