Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Market Analysis & Valuation

UpdatedMay 13, 2026
DataAggregated Company Financials
Companies2198
  • 7D2.5%
  • 3M4.3%
  • 1Y34.8%
  • YTD9.9%

Over the last 7 days, the market has risen 2.5%, driven by gains of 13% in the Materials sector. In contrast, the Information Technology sector is lagging, dropping 4.9%. As for the past 12 months, the market is up 35%. As for the next few years, earnings are expected to grow by 11% 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
Wed, 13 May 2026CA$5.4tCA$2.2tCA$245.9b16.8x22.1x2.5x
Fri, 10 Apr 2026CA$5.3tCA$2.2tCA$241.0b16.4x21.9x2.4x
Sun, 08 Mar 2026CA$5.2tCA$2.1tCA$239.6b16.8x21.7x2.4x
Tue, 03 Feb 2026CA$5.0tCA$2.1tCA$224.3b16.9x22.4x2.4x
Thu, 01 Jan 2026CA$5.0tCA$2.1tCA$224.4b16.4x22.1x2.3x
Sat, 29 Nov 2025CA$4.8tCA$2.1tCA$224.2b16.3x21.6x2.3x
Mon, 27 Oct 2025CA$4.7tCA$2.2tCA$215.4b16.8x21.9x2.2x
Wed, 24 Sep 2025CA$4.7tCA$2.1tCA$208.8b16.4x22.4x2.2x
Fri, 22 Aug 2025CA$4.4tCA$2.1tCA$201.9b16x21.7x2x
Sun, 20 Jul 2025CA$4.3tCA$2.1tCA$191.2b16.1x22.7x2x
Tue, 17 Jun 2025CA$4.3tCA$2.1tCA$191.5b15.5x22.3x2x
Thu, 15 May 2025CA$3.9tCA$2.1tCA$178.0b14.4x21.9x1.9x
Sat, 12 Apr 2025CA$3.7tCA$2.1tCA$173.2b14.4x21.2x1.7x
Mon, 10 Mar 2025CA$3.9tCA$2.1tCA$173.5b14.9x22.7x1.8x
Wed, 05 Feb 2025CA$3.9tCA$2.1tCA$170.6b14.4x22.8x1.8x
Fri, 03 Jan 2025CA$3.9tCA$2.1tCA$169.2b14.2x22.9x1.8x
Sun, 01 Dec 2024CA$4.0tCA$2.1tCA$166.3b14.8x24x1.9x
Tue, 29 Oct 2024CA$3.9tCA$2.1tCA$167.7b15.3x23.2x1.8x
Thu, 26 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.3x22.8x1.8x
Sat, 24 Aug 2024CA$3.7tCA$2.1tCA$166.6b15x22.1x1.8x
Mon, 22 Jul 2024CA$3.6tCA$2.1tCA$167.7b14x21.7x1.8x
Wed, 19 Jun 2024CA$3.5tCA$2.1tCA$167.4b14.1x20.8x1.7x
Fri, 17 May 2024CA$3.6tCA$2.0tCA$167.7b14.2x21.6x1.8x
Sun, 14 Apr 2024CA$3.6tCA$2.1tCA$174.6b14.1x20.4x1.7x
Tue, 12 Mar 2024CA$3.5tCA$2.1tCA$173.2b13.7x20.1x1.7x
Thu, 08 Feb 2024CA$3.4tCA$2.1tCA$172.9b13x19.4x1.6x
Sat, 06 Jan 2024CA$3.4tCA$2.1tCA$173.1b13x19.5x1.6x
Mon, 04 Dec 2023CA$3.3tCA$2.1tCA$171.9b12.4x19.1x1.6x
Wed, 01 Nov 2023CA$3.1tCA$2.1tCA$184.3b11.6x16.6x1.5x
Fri, 29 Sep 2023CA$3.2tCA$2.1tCA$184.4b11.5x17.3x1.5x
Sun, 27 Aug 2023CA$3.2tCA$2.1tCA$184.9b11.5x17.4x1.5x
Tue, 25 Jul 2023CA$3.3tCA$2.1tCA$200.1b11.8x16.6x1.6x
Thu, 22 Jun 2023CA$3.2tCA$2.1tCA$200.2b11.1x15.9x1.5x
Sat, 20 May 2023CA$3.3tCA$2.2tCA$206.2b11.1x15.9x1.5x
Price to Earnings Ratio

15.9x


Total Market Cap: CA$3.3tTotal Earnings: CA$206.2bTotal Revenue: CA$2.2tTotal 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 Market2.46%
Materials13.40%
Financials1.43%
Telecom0.65%
Consumer Discretionary0.35%
Utilities-0.23%
Real Estate-0.46%
Energy-0.53%
Industrials-1.06%
Healthcare-1.93%
Consumer Staples-2.19%
Tech-4.86%
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 23.8%, 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 43% over the next 5 years.
  • This is better than its past earnings growth rate of 28% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.5% 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
ABX Barrick MiningCA$62.8219.1%
+CA$16.9b		148.5%PE12.6xMaterials
WPM Wheaton Precious MetalsCA$195.7614.7%
+CA$11.4b		79.0%PE36.1xMaterials
RY Royal Bank of CanadaCA$249.872.8%
+CA$9.3b		47.2%PB2.7xFinancials
PAAS Pan American SilverCA$87.4226.8%
+CA$7.8b		172.3%PE21.2xMaterials
LUN Lundin MiningCA$40.6520.4%
+CA$5.9b		220.6%PE21.3xMaterials
See more

Market Insights

Header cover image
Both robotic engineering and AI have advanced exponentially in recent years. Are they ready to combine and scale commercially?
Continue reading
The dire straits of Hormuz ⛴️

Latest News

NTR
CA$98.64
Nutrien
7D
-6.3%
1Y
22.0%
ABX
CA$62.82
Barrick Mining
7D
19.1%
1Y
148.5%
LUN
CA$40.65
Lundin Mining
7D
20.4%
1Y
220.6%
SU
CA$91.15
Suncor Energy
7D
-4.1%
1Y
79.6%
PAAS
CA$87.42
Pan American Silver
7D
26.8%
1Y
172.3%
TECK.B
CA$90.45
Teck Resources
7D
14.9%
1Y
70.9%
TD
CA$147.59
Toronto-Dominion Bank
7D
2.3%
1Y
65.6%
Narrative Update • May 11

TD: Future Will Reflect Cost Controls Easing Mortgage Risks And Mixed Execution

Analysts have nudged the Toronto-Dominion Bank fair value estimate higher to about CA$141.64 from roughly CA$140.43, reflecting updated price targets that highlight cost reduction potential and generally stronger than expected recent results across several business segments. Analyst Commentary Recent research points to a mixed but generally constructive view on Toronto-Dominion Bank, with several firms adjusting price targets and ratings as they factor in cost initiatives, earnings quality and updated forecasts.
WPM
CA$195.76
Wheaton Precious Metals
7D
14.7%
1Y
79.0%
CNQ
CA$64.27
Canadian Natural Resources
7D
-1.5%
1Y
43.0%
TRI
CA$119.60
Thomson Reuters
7D
-7.6%
1Y
-54.2%
IFC
CA$248.65
Intact Financial
7D
-4.0%
1Y
-13.6%
WSP
CA$207.57
WSP Global
7D
-9.6%
1Y
-19.7%
L
CA$60.31
Loblaw Companies
7D
-4.5%
1Y
12.4%
Analysis Article • May 10

Here's What Analysts Are Forecasting For Loblaw Companies Limited (TSE:L) After Its First-Quarter Results

Last week, you might have seen that Loblaw Companies Limited ( TSE:L ) released its quarterly result to the market. The...
K
CA$43.52
Kinross Gold
7D
11.0%
1Y
126.9%
CLS
CA$512.70
Celestica
7D
-9.9%
1Y
234.8%
RY
CA$249.87
Royal Bank of Canada
7D
2.8%
1Y
47.2%