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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies4
  • 7D-0.1%
  • 3M7.9%
  • 1Y20.9%
  • YTD8.0%

The Gas Utilities industry is up 2.8% in the last week, with AltaGas up 4.1%. This means that the industry has gained 25% over the past year. As for the next few years, earnings are expected to grow by 1.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026CA$16.3bCA$16.1bCA$809.3m18.2x20.1x1x
Mon, 02 Feb 2026CA$14.4bCA$16.1bCA$753.0m17.2x19.1x0.9x
Wed, 31 Dec 2025CA$14.6bCA$16.2bCA$753.1m17.5x19.4x0.9x
Fri, 28 Nov 2025CA$14.9bCA$16.2bCA$754.0m17.7x19.7x0.9x
Sun, 26 Oct 2025CA$14.6bCA$16.4bCA$827.2m16.4x17.6x0.9x
Tue, 23 Sep 2025CA$14.5bCA$16.4bCA$826.3m16.3x17.5x0.9x
Thu, 21 Aug 2025CA$14.1bCA$16.4bCA$826.0m16x17x0.9x
Sat, 19 Jul 2025CA$13.9bCA$16.3bCA$569.3m21.8x24.4x0.9x
Mon, 16 Jun 2025CA$13.5bCA$16.3bCA$569.0m20.6x23.6x0.8x
Wed, 14 May 2025CA$12.8bCA$16.2bCA$498.8m11.1x25.8x0.8x
Fri, 11 Apr 2025CA$12.8bCA$15.9bCA$520.2m19.6x24.6x0.8x
Sun, 09 Mar 2025CA$12.7bCA$16.0bCA$518.7m19.3x24.5x0.8x
Tue, 04 Feb 2025CA$11.4bCA$16.1bCA$505.3m40x22.6x0.7x
Thu, 02 Jan 2025CA$11.5bCA$16.0bCA$505.0m42.9x22.8x0.7x
Sat, 30 Nov 2024CA$11.8bCA$16.0bCA$505.5m46.5x23.3x0.7x
Mon, 28 Oct 2024CA$11.8bCA$16.2bCA$421.6m23.4x27.9x0.7x
Wed, 25 Sep 2024CA$12.0bCA$16.1bCA$421.6m23x28.4x0.7x
Fri, 23 Aug 2024CA$12.0bCA$16.1bCA$425.5m14.1x28.1x0.7x
Sun, 21 Jul 2024CA$11.4bCA$16.1bCA$628.1m15.4x18.1x0.7x
Tue, 18 Jun 2024CA$11.3bCA$16.1bCA$628.1m14.8x18x0.7x
Thu, 16 May 2024CA$11.4bCA$16.0bCA$620.4m15x18.4x0.7x
Sat, 13 Apr 2024CA$11.1bCA$16.4bCA$694.0m13.5x15.9x0.7x
Mon, 11 Mar 2024CA$11.1bCA$16.4bCA$694.0m13.3x15.9x0.7x
Wed, 07 Feb 2024CA$10.4bCA$17.1bCA$620.4m13.8x16.8x0.6x
Fri, 05 Jan 2024CA$10.6bCA$17.1bCA$620.3m14.2x17.1x0.6x
Sun, 03 Dec 2023CA$10.4bCA$17.1bCA$620.4m13.4x16.7x0.6x
Tue, 31 Oct 2023CA$9.5bCA$17.1bCA$521.5m7.6x18.3x0.6x
Thu, 28 Sep 2023CA$10.0bCA$17.1bCA$521.4m8x19.2x0.6x
Sat, 26 Aug 2023CA$9.9bCA$17.1bCA$518.6m10.6x19.1x0.6x
Mon, 24 Jul 2023CA$9.4bCA$17.8bCA$378.5m12.3x24.9x0.5x
Wed, 21 Jun 2023CA$9.3bCA$17.8bCA$378.5m11.4x24.5x0.5x
Fri, 19 May 2023CA$8.6bCA$17.8bCA$380.8m9.7x22.7x0.5x
Sun, 16 Apr 2023CA$8.7bCA$17.5bCA$285.2m12.1x30.4x0.5x
Tue, 14 Mar 2023CA$8.9bCA$17.5bCA$285.7m11.7x31.1x0.5x
Price to Earnings Ratio

31.1x


Total Market Cap: CA$8.9bTotal Earnings: CA$285.7mTotal Revenue: CA$17.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 21.4x202420252026
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 21.4x.
  • The 3-year average PS ratio of 0.71x 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 2.8% 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-3.83%
Utilities-1.51%
Gas Utilities-0.14%
Gas Utilities-0.14%
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$46.28
AltaGas
7D
-0.2%
1Y
23.7%
SPB
CA$6.59
Superior Plus
7D
0.3%
1Y
-0.8%

SPB: Share Repurchase And Efficiency Program Will Restore Market Confidence

Analysts have trimmed their outlook on Superior Plus, with our fair value estimate moving from CA$9.63 to CA$7.80 as price targets across the Street shift lower on reduced growth expectations, a higher implied discount rate, and more cautious views on margins and future P/E. Analyst Commentary Recent Street commentary on Superior Plus has shifted more cautious, with several firms cutting price targets and adjusting ratings in response to execution setbacks, balance sheet concerns, and lowered growth guidance.
EVGN
CA$0.37
EverGen Infrastructure
7D
-8.6%
1Y
-56.0%

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