Header cover image

Canadian (TSX) Market Analysis & Valuation

UpdatedJul 27, 2024
DataAggregated Company Financials
Companies2467
  • 7D0.8%
  • 3M4.2%
  • 1Y11.2%
  • YTD10.2%

The Information Technology sector gained 4.0% while the market remained flat over the last week. More promisingly, the market is up 11% over the past year. Looking forward, earnings are forecast to grow by 15% 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, 27 Jul 2024CA$3.6tCA$2.1tCA$167.8b14.2x21.7x1.8x
Mon, 24 Jun 2024CA$3.5tCA$2.1tCA$166.9b14.1x20.8x1.7x
Wed, 22 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.8x1.8x
Fri, 19 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.9x20x1.7x
Sun, 17 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.2x1.7x
Tue, 13 Feb 2024CA$3.4tCA$2.1tCA$176.8b13.3x19x1.6x
Thu, 11 Jan 2024CA$3.4tCA$2.1tCA$173.3b13x19.5x1.6x
Sat, 09 Dec 2023CA$3.3tCA$2.1tCA$172.3b12.2x18.9x1.6x
Mon, 06 Nov 2023CA$3.2tCA$2.1tCA$180.7b12.1x17.7x1.5x
Wed, 04 Oct 2023CA$3.1tCA$2.1tCA$185.4b11.3x16.8x1.5x
Fri, 01 Sep 2023CA$3.3tCA$2.1tCA$184.6b11.8x17.7x1.5x
Sun, 30 Jul 2023CA$3.3tCA$2.1tCA$191.2b11.9x17.2x1.6x
Tue, 27 Jun 2023CA$3.2tCA$2.1tCA$200.0b11x15.8x1.5x
Thu, 25 May 2023CA$3.2tCA$2.1tCA$205.6b11x15.7x1.5x
Sat, 22 Apr 2023CA$3.4tCA$2.1tCA$217.9b10.8x15.5x1.6x
Mon, 20 Mar 2023CA$3.1tCA$2.1tCA$211.2b10.7x14.5x1.5x
Wed, 15 Feb 2023CA$3.4tCA$2.1tCA$237.5b10.9x14.3x1.6x
Fri, 13 Jan 2023CA$3.3tCA$2.1tCA$245.1b10.9x13.6x1.6x
Sun, 11 Dec 2022CA$3.3tCA$2.1tCA$244.0b10.7x13.5x1.6x
Tue, 08 Nov 2022CA$3.2tCA$2.0tCA$241.5b10x13.3x1.6x
Thu, 06 Oct 2022CA$3.2tCA$2.1tCA$240.8b9.9x13.5x1.5x
Sat, 03 Sep 2022CA$3.2tCA$2.0tCA$235.6b10.3x13.7x1.6x
Mon, 01 Aug 2022CA$3.3tCA$2.0tCA$230.9b10.7x14.3x1.7x
Wed, 29 Jun 2022CA$3.2tCA$1.9tCA$231.4b10.8x13.9x1.7x
Fri, 27 May 2022CA$3.4tCA$1.9tCA$227.3b11.5x15x1.8x
Sun, 24 Apr 2022CA$3.6tCA$1.9tCA$212.4b12.5x16.8x1.9x
Tue, 22 Mar 2022CA$3.7tCA$1.9tCA$212.1b12.9x17.4x2x
Thu, 17 Feb 2022CA$3.6tCA$1.8tCA$197.0b13x18x2x
Sat, 15 Jan 2022CA$3.5tCA$1.8tCA$188.8b13.1x18.7x2x
Mon, 13 Dec 2021CA$3.4tCA$1.8tCA$189.1b12.2x17.9x1.9x
Wed, 10 Nov 2021CA$3.5tCA$1.7tCA$184.8b13.3x19.1x2x
Fri, 08 Oct 2021CA$3.3tCA$1.7tCA$169.6b12.8x19.7x2x
Sun, 05 Sep 2021CA$3.3tCA$1.7tCA$167.5b13.2x20x2x
Tue, 03 Aug 2021CA$3.3tCA$1.7tCA$167.5b13x19.5x1.9x
Price to Earnings Ratio

19.5x


Total Market Cap: CA$3.3tTotal Earnings: CA$167.5bTotal Revenue: CA$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.1x202220232024
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 21.7x which is higher than its 3-year average PE of 17.1x.
Past Earnings Growth
  • The earnings for Canadian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.0% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market0.80%
Tech4.04%
Real Estate3.45%
Utilities2.94%
Healthcare2.21%
Financials1.30%
Telecom1.24%
Consumer Discretionary0.99%
Consumer Staples0.53%
Energy0.39%
Industrials-0.63%
Materials-0.88%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 160x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.8% which is higher than its past year's earnings decline of 11.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 74% over the next 5 years.
  • This is better than its past earnings growth rate of 40% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.4% 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
CSU Constellation SoftwareCA$4.47k6.1%
+CA$5.4b		60.5%PE118.9xTech
BN BrookfieldCA$65.383.3%
+CA$3.3b		42.3%PE77.6xFinancials
CM Canadian Imperial Bank of CommerceCA$70.823.1%
+CA$2.0b		22.3%PB1.3xFinancials
TD Toronto-Dominion BankCA$80.451.3%
+CA$1.8b		-6.5%PB1.3xFinancials
TRP TC EnergyCA$58.042.9%
+CA$1.7b		28.3%PE22.1xEnergy
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Header cover image

Finding Value In The Semiconductor Supply Chain

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Over the last few weeks, we covered the three types of semiconductor chips, namely memory, logic and analog chips. This week we are taking a look at the companies that play a role in manufacturing those chips...

Continue reading

Analog Chipmakers And Why Their Capital Allocation Matters
Last Week

Analog Chipmakers And Why Their Capital Allocation Matters

Latest News

CNR

CA$159.60

Canadian National Railway

7D

-3.7%

1Y

-0.2%

ABX

CA$24.61

Barrick Gold

7D

-2.6%

1Y

9.5%

Barrick Gold Corporation's (TSE:ABX) Popularity With Investors Is Under Threat From Overpricing

Jul 25
Barrick Gold Corporation's (TSE:ABX) Popularity With Investors Is Under Threat From Overpricing

IVN

CA$18.00

Ivanhoe Mines

7D

-5.2%

1Y

31.2%

IFC

CA$244.71

Intact Financial

7D

2.9%

1Y

23.5%

Intact Financial Corporation's (TSE:IFC) Share Price Matching Investor Opinion

Jul 22
Intact Financial Corporation's (TSE:IFC) Share Price Matching Investor Opinion

QSP.UN

CA$96.20

Restaurant Brands International Limited Partnership

7D

-3.4%

1Y

-4.0%

Take Care Before Diving Into The Deep End On Restaurant Brands International Limited Partnership (TSE:QSP.UN)

Jul 19
Take Care Before Diving Into The Deep End On Restaurant Brands International Limited Partnership (TSE:QSP.UN)

TD

CA$80.45

Toronto-Dominion Bank

7D

1.3%

1Y

-6.5%

CSU

CA$4,471.67

Constellation Software

7D

6.1%

1Y

60.5%

WPM

CA$80.66

Wheaton Precious Metals

7D

-2.2%

1Y

38.5%

Wheaton Precious Metals Corp.'s (TSE:WPM) Popularity With Investors Is Under Threat From Overpricing

Jul 15
Wheaton Precious Metals Corp.'s (TSE:WPM) Popularity With Investors Is Under Threat From Overpricing

ENB

CA$50.72

Enbridge

7D

1.1%

1Y

5.3%

Is There An Opportunity With Enbridge Inc.'s (TSE:ENB) 50% Undervaluation?

Jul 15
Is There An Opportunity With Enbridge Inc.'s (TSE:ENB) 50% Undervaluation?

CP

CA$113.79

Canadian Pacific Kansas City

7D

-0.9%

1Y

3.5%

BN

CA$65.38

Brookfield

7D

3.3%

1Y

42.3%

TRP

CA$58.04

TC Energy

7D

2.9%

1Y

28.3%

CNQ

CA$47.63

Canadian Natural Resources

7D

-1.4%

1Y

19.1%

BNS

CA$63.40

Bank of Nova Scotia

7D

-1.2%

1Y

-4.0%

Bank of Nova Scotia (TSE:BNS) Will Pay A Dividend Of CA$1.06

Jun 14
Bank of Nova Scotia (TSE:BNS) Will Pay A Dividend Of CA$1.06

IMO

CA$98.16

Imperial Oil

7D

3.1%

1Y

37.0%

Does Imperial Oil (TSE:IMO) Have A Healthy Balance Sheet?

Jun 11
Does Imperial Oil (TSE:IMO) Have A Healthy Balance Sheet?

CM

CA$70.82

Canadian Imperial Bank of Commerce

7D

3.1%

1Y

22.3%