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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies4
  • 7D3.5%
  • 3M21.1%
  • 1Y41.1%
  • YTD30.7%

Over the last 7 days, the Gas Utilities industry has risen 3.5%, driven by gains from AltaGas of 3.9%. This takes the industry's 12 month performance to a gain of 41%. 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
Sat, 06 Jun 2026CA$19.1bCA$16.1bCA$556.5m33.6x34.3x1.2x
Mon, 04 May 2026CA$17.9bCA$16.1bCA$565.9m20.5x31.6x1.1x
Wed, 01 Apr 2026CA$16.6bCA$16.2bCA$813.3m18x20.5x1x
Fri, 27 Feb 2026CA$15.6bCA$16.1bCA$809.9m17.8x19.2x1x
Sun, 25 Jan 2026CA$14.3bCA$16.2bCA$753.1m17.1x19x0.9x
Tue, 23 Dec 2025CA$14.4bCA$16.2bCA$753.2m17.3x19.1x0.9x
Thu, 20 Nov 2025CA$15.3bCA$16.3bCA$754.8m18.4x20.2x0.9x
Sat, 18 Oct 2025CA$14.4bCA$16.4bCA$827.2m16.3x17.4x0.9x
Mon, 15 Sep 2025CA$14.2bCA$16.4bCA$826.4m16.1x17.2x0.9x
Wed, 13 Aug 2025CA$14.1bCA$16.4bCA$786.4m16x17.9x0.9x
Fri, 11 Jul 2025CA$13.4bCA$16.3bCA$569.2m20.8x23.5x0.8x
Sun, 08 Jun 2025CA$13.2bCA$16.3bCA$569.2m20.3x23.2x0.8x
Tue, 06 May 2025CA$13.6bCA$16.2bCA$503.9m20.8x27x0.8x
Thu, 03 Apr 2025CA$13.4bCA$16.0bCA$518.9m20.5x25.9x0.8x
Sat, 01 Mar 2025CA$12.0bCA$16.0bCA$428.4m21.6x28x0.7x
Mon, 27 Jan 2025CA$11.9bCA$16.0bCA$505.0m43x23.5x0.7x
Wed, 25 Dec 2024CA$11.5bCA$16.0bCA$505.0m42.7x22.8x0.7x
Fri, 22 Nov 2024CA$11.9bCA$15.9bCA$505.5m44.3x23.5x0.7x
Sun, 20 Oct 2024CA$12.5bCA$16.2bCA$421.6m24.8x29.7x0.8x
Tue, 17 Sep 2024CA$12.5bCA$16.1bCA$421.6m24.5x29.7x0.8x
Thu, 15 Aug 2024CA$11.9bCA$16.2bCA$453.1m23.2x26.3x0.7x
Sat, 13 Jul 2024CA$11.3bCA$16.0bCA$627.9m15.2x18.1x0.7x
Mon, 10 Jun 2024CA$11.6bCA$16.1bCA$628.2m15.3x18.4x0.7x
Wed, 08 May 2024CA$11.3bCA$16.0bCA$653.0m14.7x17.3x0.7x
Fri, 05 Apr 2024CA$11.1bCA$16.4bCA$693.9m13.5x16x0.7x
Sun, 03 Mar 2024CA$11.1bCA$17.1bCA$635.0m14.9x17.4x0.6x
Tue, 30 Jan 2024CA$10.8bCA$17.1bCA$620.4m14.3x17.4x0.6x
Thu, 28 Dec 2023CA$10.3bCA$17.1bCA$620.3m13.3x16.6x0.6x
Sat, 25 Nov 2023CA$10.4bCA$17.1bCA$619.3m13.4x16.7x0.6x
Mon, 23 Oct 2023CA$9.6bCA$17.1bCA$521.5m7.7x18.4x0.6x
Wed, 20 Sep 2023CA$10.3bCA$17.1bCA$521.4m8.1x19.8x0.6x
Fri, 18 Aug 2023CA$9.9bCA$17.1bCA$519.1m10.9x19.1x0.6x
Sun, 16 Jul 2023CA$9.3bCA$17.8bCA$378.5m12.2x24.6x0.5x
Tue, 13 Jun 2023CA$9.5bCA$17.8bCA$378.5m11.6x25x0.5x
Price to Earnings Ratio

25x


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 34.3x 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 3.3% 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-1.18%
Utilities0.88%
Gas Utilities3.54%
Gas Utilities3.54%
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$55.763.9%
+CA$657.8m		46.2%PE34.6x
EVGN EverGen InfrastructureCA$0.415.1%
+CA$517.6k		-29.3%PS0.9x
CFY CF EnergyCA$0.114.8%
+CA$329.4k		-47.6%PE1.4x

Latest News

SPB
CA$8.38
Superior Plus
7D
-0.1%
1Y
6.9%
Narrative Update • Jun 05

SPB: Share Repurchases And Execution Efforts Will Support Future Cash Generation

The analyst price target for Superior Plus is now set at CA$10.00, up from CA$9.00. Analysts attribute the revision to modest adjustments in discount rate, revenue growth, profit margin and future P/E assumptions in their updated models.
EVGN
CA$0.41
EverGen Infrastructure
7D
5.1%
1Y
-29.3%
CFY
CA$0.11
CF Energy
7D
4.8%
1Y
-47.6%
ALA
CA$55.76
AltaGas
7D
3.9%
1Y
46.2%