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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies4
  • 7D-1.4%
  • 3M16.0%
  • 1Y21.9%
  • YTD12.5%

The Gas Utilities is pretty flat in the last 7 days, but EverGen Infrastructure has stood out, gaining 5.3%. The past year has been better, since the industry has gained 23% in that time. Looking forward, earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026CA$16.6bCA$16.2bCA$812.6m17.5x20.4x1x
Thu, 12 Mar 2026CA$16.1bCA$16.1bCA$811.3m17.7x19.9x1x
Sat, 07 Feb 2026CA$15.0bCA$16.1bCA$753.1m17.6x20x0.9x
Mon, 05 Jan 2026CA$14.7bCA$16.2bCA$753.2m17.6x19.5x0.9x
Wed, 03 Dec 2025CA$15.1bCA$16.2bCA$753.6m18x20x0.9x
Fri, 31 Oct 2025CA$14.3bCA$16.4bCA$827.1m15.7x17.3x0.9x
Sun, 28 Sep 2025CA$14.5bCA$16.4bCA$826.9m16.3x17.6x0.9x
Tue, 26 Aug 2025CA$14.3bCA$16.4bCA$824.8m15.9x17.3x0.9x
Thu, 24 Jul 2025CA$13.6bCA$16.3bCA$569.1m21.5x24x0.8x
Sat, 21 Jun 2025CA$13.3bCA$16.3bCA$569.3m20.5x23.4x0.8x
Mon, 19 May 2025CA$12.9bCA$16.4bCA$571.0m19.8x22.7x0.8x
Wed, 16 Apr 2025CA$13.2bCA$15.9bCA$520.3m20.5x25.3x0.8x
Fri, 14 Mar 2025CA$13.0bCA$16.0bCA$518.5m19.7x25x0.8x
Sun, 09 Feb 2025CA$11.8bCA$16.0bCA$504.9m41x23.4x0.7x
Tue, 07 Jan 2025CA$11.4bCA$16.0bCA$505.0m43.7x22.7x0.7x
Thu, 05 Dec 2024CA$12.1bCA$16.0bCA$504.6m48.6x23.9x0.8x
Sat, 02 Nov 2024CA$11.6bCA$15.9bCA$480.6m20.6x24.1x0.7x
Mon, 30 Sep 2024CA$11.8bCA$16.1bCA$421.6m23.1x28.1x0.7x
Wed, 28 Aug 2024CA$12.1bCA$16.1bCA$425.7m14.2x28.4x0.8x
Fri, 26 Jul 2024CA$11.7bCA$16.1bCA$628.3m16x18.6x0.7x
Sun, 23 Jun 2024CA$11.1bCA$16.1bCA$628.0m14.7x17.7x0.7x
Tue, 21 May 2024CA$11.5bCA$16.0bCA$627.4m15.1x18.3x0.7x
Thu, 18 Apr 2024CA$11.0bCA$16.4bCA$694.1m13.5x15.9x0.7x
Sat, 16 Mar 2024CA$11.0bCA$16.4bCA$694.0m13.5x15.9x0.7x
Mon, 12 Feb 2024CA$10.4bCA$17.1bCA$620.4m13.7x16.7x0.6x
Wed, 10 Jan 2024CA$10.9bCA$17.1bCA$620.4m14.5x17.5x0.6x
Fri, 08 Dec 2023CA$10.3bCA$17.1bCA$620.5m13.8x16.6x0.6x
Sun, 05 Nov 2023CA$10.2bCA$17.1bCA$519.5m8.1x19.7x0.6x
Tue, 03 Oct 2023CA$9.9bCA$17.1bCA$521.5m7.8x19.1x0.6x
Thu, 31 Aug 2023CA$10.0bCA$17.1bCA$521.4m7.9x19.2x0.6x
Sat, 29 Jul 2023CA$9.8bCA$17.2bCA$475.5m11.4x20.6x0.6x
Mon, 26 Jun 2023CA$8.8bCA$17.8bCA$378.5m11x23.2x0.5x
Wed, 24 May 2023CA$8.7bCA$17.8bCA$380.8m9.6x22.8x0.5x
Fri, 21 Apr 2023CA$8.6bCA$17.5bCA$285.2m11.4x30.1x0.5x
Price to Earnings Ratio

30.1x


Total Market Cap: CA$8.6bTotal Earnings: CA$285.2mTotal Revenue: CA$17.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 21.1x202420252026
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 21.1x.
  • The 3-year average PS ratio of 0.73x 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 2.6% 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 Market2.40%
Utilities0.073%
Gas Utilities-1.40%
Gas Utilities-1.40%
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
EVGN EverGen InfrastructureCA$0.405.3%
+CA$511.6k		-38.5%PS1x

Latest News

ALA
CA$48.54
AltaGas
7D
-1.3%
1Y
24.9%

ALA: Montney Storage And Exports Will Support Steady Long Term Return Potential

Narrative Update AltaGas' updated analyst price target edges higher to about CA$49.91 from CA$49.73, as analysts factor in recent rounds of target increases from CA$49 to CA$52 across several major firms, while keeping core growth and margin assumptions broadly consistent. Analyst Commentary Recent Street research on AltaGas is centered on a cluster of higher price targets, with several firms lifting their views into the C$49 to C$52 range.
SPB
CA$6.44
Superior Plus
7D
-2.3%
1Y
-2.1%

SPB: Share Repurchases And Cost Efficiencies Will Support Future P/E Recovery

Analysts have reduced the fair value estimate for Superior Plus to CA$10.00 from CA$11.00, reflecting lower price targets across the Street and more cautious assumptions on growth, profitability, and required return. Analyst Commentary Recent Street research shows a clear reset in expectations for Superior Plus, with multiple firms cutting price targets and revising ratings.
CFY
CA$0.10
CF Energy
7D
-4.5%
1Y
-59.6%

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
EVGN
CA$0.40
EverGen Infrastructure
7D
5.3%
1Y
-38.5%

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

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