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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies4
  • 7D1.3%
  • 3M16.6%
  • 1Y26.4%
  • YTD12.5%

Over the last 7 days, the Gas Utilities industry has risen 4.2%, driven by gains from AltaGas of 4.7%. This takes the industry's 12 month performance to a gain of 24%. As for the next few years, earnings are expected to grow by 8.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026CA$16.5bCA$16.2bCA$812.2m17.9x20.3x1x
Wed, 11 Feb 2026CA$14.8bCA$16.1bCA$752.9m17.6x19.6x0.9x
Fri, 09 Jan 2026CA$14.3bCA$16.2bCA$753.4m17.1x18.9x0.9x
Sun, 07 Dec 2025CA$14.7bCA$16.2bCA$753.3m17.6x19.5x0.9x
Tue, 04 Nov 2025CA$14.1bCA$16.3bCA$793.4m16.5x17.8x0.9x
Thu, 02 Oct 2025CA$14.6bCA$16.4bCA$826.9m16.6x17.7x0.9x
Sat, 30 Aug 2025CA$13.9bCA$16.4bCA$825.9m15.6x16.8x0.8x
Mon, 28 Jul 2025CA$13.6bCA$16.3bCA$569.3m21.4x23.9x0.8x
Wed, 25 Jun 2025CA$13.3bCA$16.3bCA$569.3m20.4x23.4x0.8x
Fri, 23 May 2025CA$13.2bCA$16.3bCA$570.8m20x23.1x0.8x
Sun, 20 Apr 2025CA$13.5bCA$15.9bCA$520.7m20.7x26x0.9x
Tue, 18 Mar 2025CA$12.9bCA$16.0bCA$519.0m19.2x24.9x0.8x
Thu, 13 Feb 2025CA$11.8bCA$16.0bCA$504.9m41x23.4x0.7x
Sat, 11 Jan 2025CA$11.7bCA$16.1bCA$505.1m42.3x23.1x0.7x
Mon, 09 Dec 2024CA$11.9bCA$16.0bCA$504.7m45.5x23.5x0.7x
Wed, 06 Nov 2024CA$11.6bCA$15.9bCA$480.6m20.2x24.1x0.7x
Fri, 04 Oct 2024CA$12.0bCA$16.1bCA$421.6m23.3x28.3x0.7x
Sun, 01 Sep 2024CA$12.2bCA$16.1bCA$421.0m23.9x29.1x0.8x
Tue, 30 Jul 2024CA$11.8bCA$16.1bCA$628.4m16.1x18.8x0.7x
Thu, 27 Jun 2024CA$11.3bCA$16.1bCA$628.0m14.9x17.9x0.7x
Sat, 25 May 2024CA$11.3bCA$16.0bCA$627.5m14.9x18.1x0.7x
Mon, 22 Apr 2024CA$11.3bCA$16.4bCA$694.0m13.8x16.2x0.7x
Wed, 20 Mar 2024CA$11.2bCA$16.4bCA$694.0m13.5x16.2x0.7x
Fri, 16 Feb 2024CA$10.4bCA$17.1bCA$620.4m14.1x16.8x0.6x
Sun, 14 Jan 2024CA$10.8bCA$17.1bCA$620.4m14.4x17.5x0.6x
Tue, 12 Dec 2023CA$10.1bCA$17.1bCA$620.4m13.3x16.3x0.6x
Thu, 09 Nov 2023CA$10.1bCA$17.1bCA$618.3m13x16.3x0.6x
Sat, 07 Oct 2023CA$9.9bCA$17.1bCA$521.5m7.8x19x0.6x
Mon, 04 Sep 2023CA$10.3bCA$17.1bCA$521.5m8.1x19.7x0.6x
Wed, 02 Aug 2023CA$9.8bCA$17.2bCA$475.5m11.4x20.7x0.6x
Fri, 30 Jun 2023CA$9.1bCA$17.8bCA$378.4m12x24x0.5x
Sun, 28 May 2023CA$8.5bCA$17.8bCA$380.1m9.2x22.4x0.5x
Tue, 25 Apr 2023CA$8.8bCA$17.5bCA$285.2m11.7x31x0.5x
Thu, 23 Mar 2023CA$8.5bCA$17.5bCA$285.7m11x29.6x0.5x
Price to Earnings Ratio

29.6x


Total Market Cap: CA$8.5bTotal Earnings: CA$285.7mTotal Revenue: CA$17.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 21.3x202420252026
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 21.3x.
  • The 3-year average PS ratio of 0.72x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have grown 42% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

CA Market-1.85%
Utilities1.72%
Gas Utilities1.31%
Gas Utilities1.31%
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$48.441.4%
+CA$205.5m		29.7%PE20.2x
SPB Superior PlusCA$6.580.6%
+CA$5.0m		0.5%PE17.9x
EVGN EverGen InfrastructureCA$0.382.7%
+CA$255.8k		-54.8%PS0.9x

Latest News

ALA
CA$48.44
AltaGas
7D
1.4%
1Y
29.7%

ALA: Montney Storage And Exports Will Support Balanced Future Return Potential

AltaGas' updated fair value estimate moves to CA$48.91 from CA$47.09, reflecting analysts' higher price targets in the CA$49 to CA$52 range, supported by revised assumptions on the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research has clustered around higher price targets for AltaGas in the CA$49 to CA$52 range, which aligns with the updated fair value estimate of CA$48.91.
SPB
CA$6.58
Superior Plus
7D
0.6%
1Y
0.5%
CFY
CA$0.12
CF Energy
7D
-4.0%
1Y
-7.7%

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Feb 13
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EVGN
CA$0.38
EverGen Infrastructure
7D
2.7%
1Y
-54.8%

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Dec 21
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