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Canadian (TSX) Market Analysis & Valuation

UpdatedDec 26, 2024
DataAggregated Company Financials
Companies2361
  • 7D1.7%
  • 3M1.6%
  • 1Y16.1%
  • YTD16.0%

The market has climbed 1.7% over the last week, with theFinancials and Healthcare sectors leading the way. The market is up 16% over the last 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Dec 2024CA$3.9tCA$2.1tCA$169.2b14x22.9x1.8x
Sun, 24 Nov 2024CA$4.0tCA$2.1tCA$166.9b14.5x23.8x1.9x
Tue, 22 Oct 2024CA$4.0tCA$2.1tCA$168.2b15.4x23.5x1.9x
Thu, 19 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.1x22.6x1.8x
Sat, 17 Aug 2024CA$3.7tCA$2.1tCA$170.2b14.6x21.6x1.8x
Mon, 15 Jul 2024CA$3.6tCA$2.0tCA$166.7b14x21.9x1.8x
Wed, 12 Jun 2024CA$3.6tCA$2.1tCA$167.4b14.4x21.3x1.7x
Fri, 10 May 2024CA$3.6tCA$2.1tCA$171.1b14.2x21x1.8x
Sun, 07 Apr 2024CA$3.6tCA$2.0tCA$174.3b14.1x20.5x1.7x
Tue, 05 Mar 2024CA$3.4tCA$2.1tCA$176.7b13.7x19.5x1.7x
Thu, 01 Feb 2024CA$3.4tCA$2.1tCA$173.8b12.9x19.7x1.6x
Sat, 30 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.3x19.5x1.6x
Mon, 27 Nov 2023CA$3.2tCA$2.1tCA$179.1b11.8x18x1.5x
Wed, 25 Oct 2023CA$3.1tCA$2.1tCA$185.2b11x16.7x1.5x
Fri, 22 Sep 2023CA$3.2tCA$2.1tCA$184.4b11.8x17.4x1.5x
Sun, 20 Aug 2023CA$3.2tCA$2.1tCA$185.8b11.5x17.3x1.5x
Tue, 18 Jul 2023CA$3.3tCA$2.1tCA$199.8b11.3x16.3x1.5x
Thu, 15 Jun 2023CA$3.2tCA$2.1tCA$199.8b11.1x16.2x1.5x
Sat, 13 May 2023CA$3.3tCA$2.1tCA$207.0b11.1x15.9x1.5x
Mon, 10 Apr 2023CA$3.3tCA$2.1tCA$217.9b10.6x15.2x1.6x
Wed, 08 Mar 2023CA$3.3tCA$2.1tCA$221.6b10.9x15.1x1.6x
Fri, 03 Feb 2023CA$3.4tCA$2.1tCA$246.4b11.2x13.8x1.6x
Sun, 01 Jan 2023CA$3.2tCA$2.1tCA$245.8b10.6x13.1x1.5x
Tue, 29 Nov 2022CA$3.3tCA$2.1tCA$239.6b10.6x13.9x1.6x
Thu, 27 Oct 2022CA$3.2tCA$2.0tCA$236.0b10x13.4x1.6x
Sat, 24 Sep 2022CA$3.1tCA$2.1tCA$240.4b9.5x13x1.5x
Mon, 22 Aug 2022CA$3.4tCA$2.0tCA$237.1b10.5x14.1x1.7x
Wed, 20 Jul 2022CA$3.1tCA$2.0tCA$231.4b10x13.3x1.6x
Fri, 17 Jun 2022CA$3.2tCA$2.0tCA$231.4b10.7x13.8x1.6x
Sun, 15 May 2022CA$3.4tCA$1.9tCA$227.4b11.4x14.8x1.7x
Tue, 12 Apr 2022CA$3.7tCA$1.9tCA$212.3b12.8x17.2x2x
Thu, 10 Mar 2022CA$3.6tCA$1.9tCA$214.1b13x16.9x1.9x
Sat, 05 Feb 2022CA$3.5tCA$1.8tCA$195.2b13.1x18.1x2x
Mon, 03 Jan 2022CA$3.5tCA$1.8tCA$188.9b12.7x18.4x2x
Price to Earnings Ratio

18.4x


Total Market Cap: CA$3.5tTotal Earnings: CA$188.9bTotal Revenue: CA$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.6x20232024
Current Market PE
  • Investors are optimistic on the Canadian market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 22.9x which is higher than its 3-year average PE of 17.6x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 3.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market1.67%
Tech2.64%
Energy2.34%
Materials2.30%
Utilities2.02%
Industrials1.80%
Healthcare1.41%
Financials1.32%
Real Estate1.25%
Consumer Discretionary1.15%
Consumer Staples0.36%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Telecom-0.49%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 230x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 34.3%, which is higher than its past year's earnings growth of 13.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 62% over the next 5 years.
  • This is better than its past earnings decline of 3.7% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.3% 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
BN BrookfieldCA$82.793.6%
+CA$4.4b		55.6%PE117.8xFinancials
TD Toronto-Dominion BankCA$76.222.7%
+CA$3.5b		-10.6%PB1.2xFinancials
ENB EnbridgeCA$60.092.6%
+CA$3.3b		25.9%PE20.8xEnergy
CP Canadian Pacific Kansas CityCA$105.633.3%
+CA$3.2b		0.7%PE27.9xIndustrials
CSU Constellation SoftwareCA$4.55k2.8%
+CA$2.6b		38.4%PE114.3xTech
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7 Investing Lessons From 2024

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Richard Bowman
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5 comments

This is our last newsletter of the year and a good time to focus on the third of those principles - the investing lessons we can all take from 2024...

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