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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies4
  • 7D0.6%
  • 3M13.8%
  • 1Y35.3%
  • YTD26.2%

The Gas Utilities is pretty flat in the last 7 days, but Superior Plus has stood out, gaining 6.4%. As for the the longer term, the industry is up 35% over the past 12 months. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026CA$18.5bCA$16.0bCA$555.8m33.3x33.4x1.2x
Fri, 01 May 2026CA$17.5bCA$16.1bCA$810.8m20.6x21.6x1.1x
Sun, 29 Mar 2026CA$16.6bCA$16.2bCA$813.1m18.5x20.4x1x
Tue, 24 Feb 2026CA$15.5bCA$16.1bCA$810.0m17.5x19.1x1x
Thu, 22 Jan 2026CA$14.6bCA$16.2bCA$753.4m17.1x19.3x0.9x
Sat, 20 Dec 2025CA$14.5bCA$16.2bCA$753.3m17.2x19.3x0.9x
Mon, 17 Nov 2025CA$14.9bCA$16.2bCA$754.7m18.2x19.8x0.9x
Wed, 15 Oct 2025CA$14.5bCA$16.4bCA$827.4m16.3x17.6x0.9x
Fri, 12 Sep 2025CA$14.2bCA$16.4bCA$826.4m15.9x17.2x0.9x
Sun, 10 Aug 2025CA$13.9bCA$16.4bCA$786.3m15.9x17.6x0.8x
Tue, 08 Jul 2025CA$13.3bCA$16.3bCA$569.2m20.4x23.4x0.8x
Thu, 05 Jun 2025CA$13.4bCA$16.3bCA$569.2m20.5x23.6x0.8x
Sat, 03 May 2025CA$13.6bCA$15.8bCA$520.9m20.8x26.2x0.9x
Mon, 31 Mar 2025CA$13.2bCA$16.0bCA$518.9m20.1x25.3x0.8x
Wed, 26 Feb 2025CA$11.7bCA$16.0bCA$504.9m40.9x23.3x0.7x
Fri, 24 Jan 2025CA$11.8bCA$16.0bCA$505.0m42.6x23.3x0.7x
Sun, 22 Dec 2024CA$11.3bCA$16.0bCA$505.0m42.9x22.3x0.7x
Tue, 19 Nov 2024CA$11.7bCA$16.0bCA$504.9m45.2x23.1x0.7x
Thu, 17 Oct 2024CA$12.4bCA$16.2bCA$421.6m24.4x29.3x0.8x
Sat, 14 Sep 2024CA$12.3bCA$16.1bCA$421.6m24.6x29.3x0.8x
Mon, 12 Aug 2024CA$11.8bCA$16.2bCA$453.1m22.9x26x0.7x
Wed, 10 Jul 2024CA$11.3bCA$16.0bCA$627.9m15.1x18x0.7x
Fri, 07 Jun 2024CA$11.6bCA$16.0bCA$628.0m15.1x18.4x0.7x
Sun, 05 May 2024CA$11.4bCA$16.0bCA$653.0m14.9x17.4x0.7x
Tue, 02 Apr 2024CA$11.4bCA$16.4bCA$694.0m13.7x16.4x0.7x
Thu, 29 Feb 2024CA$10.7bCA$17.1bCA$635.0m14.7x16.8x0.6x
Sat, 27 Jan 2024CA$10.8bCA$17.1bCA$620.4m14.4x17.4x0.6x
Mon, 25 Dec 2023CA$10.2bCA$17.1bCA$620.3m13.3x16.5x0.6x
Wed, 22 Nov 2023CA$10.2bCA$17.1bCA$618.4m13.5x16.6x0.6x
Fri, 20 Oct 2023CA$9.8bCA$17.1bCA$521.5m7.8x18.9x0.6x
Sun, 17 Sep 2023CA$10.4bCA$17.1bCA$521.4m8.1x19.9x0.6x
Tue, 15 Aug 2023CA$10.0bCA$17.1bCA$519.1m11.1x19.3x0.6x
Thu, 13 Jul 2023CA$9.1bCA$17.8bCA$378.5m12.1x24.1x0.5x
Sat, 10 Jun 2023CA$9.5bCA$17.8bCA$378.5m12.2x25.1x0.5x
Price to Earnings Ratio

25.1x


Total Market Cap: CA$9.5bTotal Earnings: CA$378.5mTotal Revenue: CA$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 21.2x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Gas Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.4x which is higher than its 3-year average PE of 21.2x.
  • The 3-year average PS ratio of 0.76x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have grown 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.4% 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-0.35%
Utilities-0.42%
Gas Utilities0.57%
Gas Utilities0.57%
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
SPB Superior PlusCA$8.704.6%
+CA$81.5m		10.4%PE35.1x
CFY CF EnergyCA$0.114.8%
+CA$329.4k		-46.3%PE1.5x
EVGN EverGen InfrastructureCA$0.401.3%
+CA$127.9k		0%PS0.8x

Latest News

CFY
CA$0.11
CF Energy
7D
4.8%
1Y
-46.3%
ALA
CA$53.92
AltaGas
7D
-0.07%
1Y
38.8%
SPB
CA$8.70
Superior Plus
7D
4.6%
1Y
10.4%
Narrative Update • May 21

SPB: Execution On Efficiency Programs And Buybacks Will Support Future Cash Generation

Analysts have nudged the average CA$ fair value narrative on Superior Plus higher in line with recent Street price target moves. Several firms have raised targets into a range that includes CA$8, CA$8.50 and CA$9, citing updated views on growth, margins and the appropriate P/E multiple.
EVGN
CA$0.40
EverGen Infrastructure
7D
1.3%
1Y
0%