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Canadian (TSX) Market Analysis & Valuation

UpdatedMay 16, 2026
DataAggregated Company Financials
Companies2192
  • 7D-0.5%
  • 3M2.9%
  • 1Y32.3%
  • YTD8.4%

The Energy sector gained 5.0% while the market remained flat over the last week. More promisingly, the market is up 32% over the past year. Earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Canadian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 16 May 2026CA$5.5tCA$2.2tCA$246.0b16.8x22.2x2.5x
Mon, 13 Apr 2026CA$5.3tCA$2.2tCA$241.4b16.7x22x2.4x
Wed, 11 Mar 2026CA$5.2tCA$2.1tCA$239.5b16.7x21.7x2.4x
Fri, 06 Feb 2026CA$5.1tCA$2.1tCA$224.8b17.1x22.8x2.4x
Sun, 04 Jan 2026CA$5.0tCA$2.1tCA$224.4b16.4x22.1x2.3x
Tue, 02 Dec 2025CA$4.9tCA$2.1tCA$224.2b16.2x21.7x2.3x
Thu, 30 Oct 2025CA$4.7tCA$2.2tCA$215.9b16.2x21.9x2.2x
Sat, 27 Sep 2025CA$4.7tCA$2.2tCA$209.2b16.3x22.3x2.2x
Mon, 25 Aug 2025CA$4.5tCA$2.1tCA$201.8b16.1x22.1x2.1x
Wed, 23 Jul 2025CA$4.3tCA$2.1tCA$190.8b16.3x22.7x2x
Fri, 20 Jun 2025CA$4.3tCA$2.1tCA$191.7b15.4x22.3x2x
Sun, 18 May 2025CA$4.1tCA$2.1tCA$183.5b14.3x22.2x1.9x
Tue, 15 Apr 2025CA$3.8tCA$2.1tCA$173.1b14.6x21.7x1.8x
Thu, 13 Mar 2025CA$3.9tCA$2.1tCA$175.2b14.7x22x1.8x
Sat, 08 Feb 2025CA$3.9tCA$2.1tCA$168.6b14.6x23.4x1.9x
Mon, 06 Jan 2025CA$3.9tCA$2.1tCA$169.3b14.4x23.2x1.8x
Wed, 04 Dec 2024CA$4.0tCA$2.1tCA$166.6b14.8x23.9x1.9x
Fri, 01 Nov 2024CA$3.9tCA$2.1tCA$167.4b15.3x23.3x1.8x
Sun, 29 Sep 2024CA$3.8tCA$2.1tCA$167.7b15.5x22.8x1.8x
Tue, 27 Aug 2024CA$3.7tCA$2.1tCA$166.6b15.2x22.4x1.8x
Thu, 25 Jul 2024CA$3.7tCA$2.1tCA$167.7b14x21.9x1.8x
Sat, 22 Jun 2024CA$3.5tCA$2.1tCA$166.9b14.1x20.9x1.7x
Mon, 20 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.9x1.8x
Wed, 17 Apr 2024CA$3.5tCA$2.1tCA$174.7b14x20.1x1.7x
Fri, 15 Mar 2024CA$3.5tCA$2.1tCA$173.5b13.8x20.2x1.7x
Sun, 11 Feb 2024CA$3.4tCA$2.1tCA$176.7b13x19x1.6x
Tue, 09 Jan 2024CA$3.4tCA$2.1tCA$173.1b13x19.5x1.6x
Thu, 07 Dec 2023CA$3.3tCA$2.1tCA$172.3b12x18.9x1.6x
Sat, 04 Nov 2023CA$3.2tCA$2.1tCA$179.6b12.2x17.8x1.5x
Mon, 02 Oct 2023CA$3.2tCA$2.1tCA$185.2b11.5x17.1x1.5x
Wed, 30 Aug 2023CA$3.3tCA$2.1tCA$184.8b11.7x17.8x1.5x
Fri, 28 Jul 2023CA$3.3tCA$2.1tCA$199.2b11.7x16.6x1.6x
Sun, 25 Jun 2023CA$3.1tCA$2.1tCA$200.8b10.9x15.6x1.5x
Tue, 23 May 2023CA$3.3tCA$2.1tCA$206.3b11.1x15.9x1.5x
Price to Earnings Ratio

15.9x


Total Market Cap: CA$3.3tTotal Earnings: CA$206.3bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 20.9x202420252026
Current Market PE
  • Investors are relatively neutral on the Canadian market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.9x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 6.0% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-0.49%
Energy5.00%
Financials-0.12%
Utilities-0.53%
Telecom-0.77%
Consumer Staples-0.84%
Industrials-1.68%
Real Estate-2.55%
Tech-2.78%
Materials-3.81%
Consumer Discretionary-4.02%
Healthcare-6.36%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings growth of 2.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings growth rate of 32% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
CNQ Canadian Natural ResourcesCA$66.088.5%
+CA$10.8b		54.0%PE14.2xEnergy
SU Suncor EnergyCA$93.997.3%
+CA$7.6b		88.5%PE17.5xEnergy
CVE Cenovus EnergyCA$42.419.2%
+CA$6.7b		121.1%PE17.1xEnergy
ENB EnbridgeCA$76.133.8%
+CA$6.1b		21.4%PE25.8xEnergy
TRP TC EnergyCA$94.006.1%
+CA$5.6b		34.9%PE27.7xEnergy
See more

Market Insights

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Latest News

CNQ
CA$66.08
Canadian Natural Resources
7D
8.5%
1Y
54.0%
BN
CA$62.68
Brookfield
7D
-2.6%
1Y
12.6%
PPL
CA$67.35
Pembina Pipeline
7D
7.6%
1Y
28.1%
BAM
CA$65.98
Brookfield Asset Management
7D
-3.0%
1Y
-21.0%
CVE
CA$42.41
Cenovus Energy
7D
9.2%
1Y
121.1%
MFC
CA$51.72
Manulife Financial
7D
-5.5%
1Y
15.5%
K
CA$39.03
Kinross Gold
7D
-9.5%
1Y
103.4%
ABX
CA$55.82
Barrick Mining
7D
-5.5%
1Y
123.8%
Analysis Article • May 14

Barrick Mining Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

A week ago, Barrick Mining Corporation ( TSE:ABX ) came out with a strong set of first-quarter numbers that could...
TRP
CA$94.00
TC Energy
7D
6.1%
1Y
34.9%
Narrative Update • May 14

TRP: Backlog Certainty And Dividend Policy Will Shape Forward Risk Reward Balance

TC Energy's analyst price target has been revised higher to CA$91.30 from CA$88.52. Analysts point to updated models that incorporate slightly firmer margin assumptions, a modestly lower future P/E, and a broad wave of CA$2 to CA$9 price target increases across major firms following recent earnings and guidance updates.
TRI
CA$114.06
Thomson Reuters
7D
-10.1%
1Y
-58.0%
CCO
CA$147.99
Cameco
7D
-7.5%
1Y
106.3%
SU
CA$93.99
Suncor Energy
7D
7.3%
1Y
88.5%
WPM
CA$179.39
Wheaton Precious Metals
7D
-5.6%
1Y
63.4%
IMO
CA$185.26
Imperial Oil
7D
6.7%
1Y
82.8%
Analysis Article • May 11

We Think You Can Look Beyond Imperial Oil's (TSE:IMO) Lackluster Earnings

Shareholders appeared unconcerned with Imperial Oil Limited's ( TSE:IMO ) lackluster earnings report last week. We...
ENB
CA$76.13
Enbridge
7D
3.8%
1Y
21.4%
RY
CA$252.50
Royal Bank of Canada
7D
1.5%
1Y
43.6%