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Canadian (TSX) Multi-Utilities Industry Analysis

UpdatedJan 28, 2026
DataAggregated Company Financials
Companies3
  • 7D-0.7%
  • 3M12.7%
  • 1Y31.9%
  • YTDn/a

The Multi-Utilities industry has stayed flat over the last week. As for the the longer term, the industry is up 32% over the past 12 months. Looking forward, earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026CA$25.3bCA$12.1bCA$1.0b22.3x25.3x2.1x
Fri, 26 Dec 2025CA$24.3bCA$12.1bCA$1.0b21.5x24.3x2x
Sun, 23 Nov 2025CA$24.1bCA$12.2bCA$1.1b21.3x22.2x2x
Tue, 21 Oct 2025CA$23.3bCA$12.1bCA$984.4m24.3x23.7x1.9x
Thu, 18 Sep 2025CA$21.4bCA$12.1bCA$982.6m22.8x21.8x1.8x
Sat, 16 Aug 2025CA$22.4bCA$12.1bCA$982.9m23.3x22.8x1.9x
Mon, 14 Jul 2025CA$22.1bCA$12.0bCA$1.2b17.8x18.9x1.8x
Wed, 11 Jun 2025CA$22.0bCA$12.0bCA$1.2b17.8x18.8x1.8x
Fri, 09 May 2025CA$21.9bCA$12.0bCA$984.5m25.7x22.3x1.8x
Sun, 06 Apr 2025CA$20.9bCA$12.0bCA$997.0m24.7x20.9x1.7x
Tue, 04 Mar 2025CA$20.1bCA$12.5bCA$1.4b12.5x14.5x1.6x
Thu, 30 Jan 2025CA$19.4bCA$12.3bCA$1.4b13.5x14.3x1.6x
Sat, 28 Dec 2024CA$19.8bCA$12.3bCA$1.4b14.1x14.6x1.6x
Mon, 25 Nov 2024CA$20.5bCA$12.2bCA$1.3b14.3x15.3x1.7x
Wed, 23 Oct 2024CA$20.8bCA$12.1bCA$1.1b18.5x19.3x1.7x
Fri, 20 Sep 2024CA$20.5bCA$12.0bCA$1.1b17.7x19x1.7x
Sun, 18 Aug 2024CA$19.6bCA$12.0bCA$1.1b16.7x18.2x1.6x
Tue, 16 Jul 2024CA$19.3bCA$12.1bCA$528.1m12.4x36.6x1.6x
Thu, 13 Jun 2024CA$18.5bCA$12.1bCA$526.3m12.6x35.1x1.5x
Sat, 11 May 2024CA$19.4bCA$12.1bCA$528.2m13x36.8x1.6x
Mon, 08 Apr 2024CA$18.1bCA$12.2bCA$1.1b13x16.7x1.5x
Wed, 06 Mar 2024CA$18.1bCA$12.3bCA$735.2m11.6x24.6x1.5x
Fri, 02 Feb 2024CA$18.3bCA$15.7bCA$882.6m10.2x20.8x1.2x
Sun, 31 Dec 2023CA$18.8bCA$15.7bCA$885.9m10.5x21.2x1.2x
Tue, 28 Nov 2023CA$18.4bCA$15.8bCA$877.1m10.1x21x1.2x
Thu, 26 Oct 2023CA$16.5bCA$16.1bCA$808.3m9.8x20.4x1x
Sat, 23 Sep 2023CA$18.7bCA$16.0bCA$816.5m10.4x22.9x1.2x
Mon, 21 Aug 2023CA$19.7bCA$16.0bCA$814.7m10.7x24.2x1.2x
Wed, 19 Jul 2023CA$20.8bCA$16.0bCA$1.2b10.5x17.7x1.3x
Fri, 16 Jun 2023CA$21.6bCA$16.0bCA$1.2b11.1x18.4x1.3x
Sun, 14 May 2023CA$23.8bCA$16.1bCA$1.2b12.5x20.4x1.5x
Tue, 11 Apr 2023CA$23.5bCA$16.0bCA$826.4m13.7x28.4x1.5x
Thu, 09 Mar 2023CA$21.4bCA$15.9bCA$1.2b14.8x18.4x1.4x
Sat, 04 Feb 2023CA$21.5bCA$15.6bCA$1.2b14.5x17.6x1.4x
Price to Earnings Ratio

17.6x


Total Market Cap: CA$21.5bTotal Earnings: CA$1.2bTotal Revenue: CA$15.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Multi-Utilities Industry Price to Earnings3Y Average 21.6x202420252026
Current Industry PE
    There are only 3 companies in the Canadian Multi-Utilities industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Multi-Utilities industry have declined 6.3% per year over the last three years,
  • Revenues have also declined 8.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Multi-Utilities compare with similar industries?

CA Market1.72%
Utilities0.77%
Other Utilities-0.74%
Multi-Utilities-0.74%
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

ACO.X
CA$58.39
ATCO
7D
-0.7%
1Y
27.0%

ACO.X: Regulated Utilities And Dividend Increases Will Likely Support Neutral Return Profile

The analyst price target for ATCO has inched up from C$60.29 to C$60.43 as analysts factor in slightly higher modeled revenue growth and a marginally lower discount rate, consistent with recent price target increases across several firms that maintain more neutral ratings on the shares. Analyst Commentary Recent Street research on ATCO clusters around moderate price target increases, with ratings that remain broadly neutral.
CU
CA$43.86
Canadian Utilities
7D
-1.0%
1Y
29.8%

CU: Dividend Increases And Neutral Outlook Will Support A Defensive Yet Balanced Profile

Analysts have nudged their average price target for Canadian Utilities higher by C$0.14 to C$42.71. This reflects a series of recent target increases into the C$40 to C$44 range as they factor in updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E.
AQN
CA$9.02
Algonquin Power & Utilities
7D
-0.3%
1Y
41.2%

AQN: 2026 Rate Cases And Index Shifts Will Drive Balanced Outlook

Analysts have inched their fair value estimate for Algonquin Power & Utilities up from about $8.33 to roughly $8.42, pointing to recent upgrades and expectations that upcoming 2026 rate case approvals could help narrow the company’s return on equity and valuation gap to peers. Analyst Commentary Recent Street research has turned more constructive on Algonquin Power & Utilities, with bullish analysts pointing to potential catalysts tied to the 2026 rate case cycle and what that could mean for returns and valuation relative to peers.