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Canadian (TSX) Gas Utilities Industry Analysis

UpdatedJul 19, 2025
DataAggregated Company Financials
Companies4
  • 7D2.5%
  • 3M3.1%
  • 1Y23.2%
  • YTD21.3%

The Gas Utilities industry is up 2.5% in the last week, with AltaGas up 4.2%. During this same period, the Superior Plus underperformed, falling 8.7%. This means that the industry has gained 23% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 09 Feb 2023CA$9.1bCA$16.5bCA$36.8m22.3x248.2x0.6x
Sat, 07 Jan 2023CA$9.0bCA$16.5bCA$36.8m21.4x244.5x0.5x
Mon, 05 Dec 2022CA$8.5bCA$16.5bCA$36.7m19.2x231.2x0.5x
Wed, 02 Nov 2022CA$8.8bCA$16.4bCA$221.7m35.3x39.7x0.5x
Fri, 30 Sep 2022CA$9.5bCA$15.7bCA$294.8m28.4x32.2x0.6x
Sun, 28 Aug 2022CA$10.7bCA$15.7bCA$294.7m31.9x36.3x0.7x
Tue, 26 Jul 2022CA$10.1bCA$14.2bCA$307.1m30.9x32.7x0.7x
Price to Earnings Ratio

32.7x


Total Market Cap: CA$10.1bTotal Earnings: CA$307.1mTotal Revenue: CA$14.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Gas Utilities Industry Price to Earnings3Y Average 43.8x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Gas Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 24.4x which is lower than its 3-year average PE of 43.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.65x.
Past Earnings Growth
  • The earnings for companies in the Gas Utilities industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 4.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

CA Market0.69%
Utilities1.61%
Gas Utilities2.49%
Gas Utilities2.49%
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$40.864.2%
+CA$496.6m		30.2%PE21.8x
CFY CF EnergyCA$0.205.3%
+CA$658.9k		-9.1%PE4.2x
EVGN EverGen InfrastructureCA$0.493.1%
+CA$336.4k		-77.3%PS0.9x

Latest News

SPB
CA$7.38
Superior Plus
7D
-8.7%
1Y
-9.0%

Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet

Jul 18
Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet
EVGN
CA$0.49
EverGen Infrastructure
7D
3.1%
1Y
-77.3%
ALA
CA$40.86
AltaGas
7D
4.2%
1Y
30.2%
CFY
CA$0.20
CF Energy
7D
5.3%
1Y
-9.1%