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Canadian (TSX) Market Analysis & Valuation

UpdatedDec 06, 2022
DataAggregated Company Financials
Companies2759
  • 7D0.2%
  • 3M5.0%
  • 1Y-0.9%
  • YTD-3.6%

Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 11% in that time. In line with that, the market has also been flat over the past year. As for the next few years, earnings are expected to grow by 6.3% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Dec 2022CA$3.4tCA$2.1tCA$243.5b10.7x13.8x1.6x
Fri, 04 Nov 2022CA$3.2tCA$2.0tCA$235.5b9.9x13.6x1.6x
Sun, 02 Oct 2022CA$3.1tCA$2.1tCA$241.1b9.6x13x1.5x
Tue, 30 Aug 2022CA$3.3tCA$2.0tCA$236.1b10.6x14x1.7x
Thu, 28 Jul 2022CA$3.2tCA$2.0tCA$231.4b10.4x13.9x1.6x
Sat, 25 Jun 2022CA$3.1tCA$1.9tCA$231.3b10.6x13.6x1.6x
Mon, 23 May 2022CA$3.4tCA$1.9tCA$226.9b11.4x15x1.7x
Wed, 20 Apr 2022CA$3.7tCA$1.9tCA$212.2b12.8x17.4x2x
Fri, 18 Mar 2022CA$3.6tCA$1.9tCA$213.4b12.9x16.9x1.9x
Sun, 13 Feb 2022CA$3.6tCA$1.8tCA$197.7b13.1x18.2x2x
Tue, 11 Jan 2022CA$3.5tCA$1.8tCA$189.0b12.9x18.4x2x
Thu, 09 Dec 2021CA$3.4tCA$1.8tCA$189.0b12.1x18.1x1.9x
Sat, 06 Nov 2021CA$3.5tCA$1.7tCA$179.8b13.3x19.4x2x
Mon, 04 Oct 2021CA$3.3tCA$1.7tCA$170.0b12.7x19.4x2x
Wed, 01 Sep 2021CA$3.3tCA$1.7tCA$167.5b13x19.8x2x
Thu, 08 Jul 2021CA$3.2tCA$1.7tCA$161.3b13.3x20.1x2x
Wed, 31 Mar 2021CA$3.0tCA$1.6tCA$115.8b14.8x25.9x1.9x
Sat, 02 Jan 2021CA$2.7tCA$1.6tCA$57.4b14.9x47.4x1.7x
Tue, 06 Oct 2020CA$2.4tCA$1.6tCA$49.0b15.2x49.7x1.6x
Fri, 10 Jul 2020CA$2.3tCA$1.6tCA$59.7b15.1x38.3x1.4x
Thu, 02 Apr 2020CA$2.0tCA$1.6tCA$97.7b11.2x20.6x1.2x
Sun, 05 Jan 2020CA$2.6tCA$1.6tCA$143.6b16.1x18x1.6x
Price to Earnings Ratio

18x


Total Market Cap: CA$2.6tTotal Earnings: CA$143.6bTotal Revenue: CA$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 25.5x20212022
Current Market PE
  • Investors are pessimistic on the Canadian market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 13.8x which is lower than its 3-year average PE of 25.5x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 19% per year over the last three years.
  • Revenues for these companies have grown 7.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market0.18%
Healthcare10.90%
Materials4.40%
Utilities1.90%
Tech1.64%
Telecom1.13%
Industrials0.61%
Consumer Discretionary0.29%
Real Estate-0.19%
Financials-0.36%
Consumer Staples-0.39%
Energy-3.50%
Sector PE
  • Investors are most optimistic about the Tech sector which is trading above its 3-year average PE ratio of 129x.
    • This optimism is likely because analysts are expecting annual earnings growth of 15.9%, which is higher than its past year's earnings growth of 2.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Energy sector is expected to see its earnings decline by 2.3% 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
ABX Barrick GoldCA$22.474.1%
+CA$1.6b
-4.4%PE15.3xMaterials
TECK.B Teck ResourcesCA$50.164.5%
+CA$1.1b
43.0%PE5.7xMaterials
TD Toronto-Dominion BankCA$90.170.6%
+CA$1.1b
-5.0%PB1.5xFinancials
CNR Canadian National RailwayCA$171.300.8%
+CA$885.6m
2.8%PE23.7xIndustrials
TRI Thomson ReutersCA$155.881.1%
+CA$807.9m
1.6%PE53.2xIndustrials
See more
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CVE

CA$25.14

Cenovus Energy

7D

-9.2%

1Y

54.9%

BAM.A

CA$59.19

Brookfield Asset Management

7D

-3.1%

1Y

-20.6%

RCI.B

CA$62.52

Rogers Communications

7D

1.9%

1Y

6.3%

ENB

CA$53.79

Enbridge

7D

-3.1%

1Y

9.9%

CNQ

CA$75.59

Canadian Natural Resources

7D

-6.3%

1Y

37.5%

CM

CA$58.87

Canadian Imperial Bank of Commerce

7D

-8.3%

1Y

-17.1%

WPM

CA$52.99

Wheaton Precious Metals

7D

3.4%

1Y

2.0%

TRI

CA$155.88

Thomson Reuters

7D

1.1%

1Y

1.6%

TD

CA$90.17

Toronto-Dominion Bank

7D

0.6%

1Y

-5.0%

DOO

CA$104.33

BRP

7D

7.4%

1Y

-2.4%

TRP

CA$58.09

TC Energy

7D

-5.2%

1Y

-2.6%

TECK.B

CA$50.16

Teck Resources

7D

4.5%

1Y

43.0%

SU

CA$40.93

Suncor Energy

7D

-9.9%

1Y

29.1%

CNR

CA$171.30

Canadian National Railway

7D

0.8%

1Y

2.8%

ABX

CA$22.47

Barrick Gold

7D

4.1%

1Y

-4.4%