Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Canadian (TSX) Market Analysis & Valuation

UpdatedOct 19, 2024
DataAggregated Company Financials
Companies2360
  • 7D1.4%
  • 3M8.0%
  • 1Y27.3%
  • YTD17.9%

The market is up 1.4% over the last week, with the Financials sector leading the way, up 1.9%. As for the past 12 months, the market is up 27%. 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, 19 Oct 2024CA$3.9tCA$2.1tCA$168.1b15.6x23.4x1.9x
Mon, 16 Sep 2024CA$3.8tCA$2.1tCA$167.4b15.1x22.5x1.8x
Wed, 14 Aug 2024CA$3.6tCA$2.1tCA$170.5b14.7x21.1x1.7x
Fri, 12 Jul 2024CA$3.6tCA$2.0tCA$166.6b14.1x21.6x1.8x
Sun, 09 Jun 2024CA$3.6tCA$2.1tCA$167.4b14.3x21.3x1.7x
Tue, 07 May 2024CA$3.6tCA$2.0tCA$172.8b14x20.7x1.7x
Thu, 04 Apr 2024CA$3.5tCA$2.0tCA$173.4b14x20.4x1.7x
Sat, 02 Mar 2024CA$3.4tCA$2.1tCA$176.1b13.7x19.4x1.7x
Mon, 29 Jan 2024CA$3.4tCA$2.1tCA$173.9b12.8x19.6x1.6x
Wed, 27 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.2x19.5x1.6x
Fri, 24 Nov 2023CA$3.2tCA$2.1tCA$179.3b11.7x18x1.5x
Sun, 22 Oct 2023CA$3.1tCA$2.1tCA$185.3b11.4x16.8x1.5x
Tue, 19 Sep 2023CA$3.3tCA$2.1tCA$184.5b11.9x18x1.6x
Thu, 17 Aug 2023CA$3.2tCA$2.1tCA$185.8b11.4x17.4x1.5x
Sat, 15 Jul 2023CA$3.3tCA$2.1tCA$199.8b11.4x16.3x1.5x
Mon, 12 Jun 2023CA$3.2tCA$2.1tCA$199.8b11.2x16.1x1.5x
Wed, 10 May 2023CA$3.3tCA$2.1tCA$209.5b11.1x15.9x1.6x
Fri, 07 Apr 2023CA$3.3tCA$2.1tCA$217.8b10.6x15.1x1.6x
Sun, 05 Mar 2023CA$3.4tCA$2.1tCA$222.4b10.9x15.2x1.6x
Tue, 31 Jan 2023CA$3.4tCA$2.1tCA$245.4b10.9x13.8x1.6x
Thu, 29 Dec 2022CA$3.2tCA$2.1tCA$246.0b10.4x12.9x1.5x
Sat, 26 Nov 2022CA$3.4tCA$2.1tCA$239.3b10.6x14.1x1.6x
Mon, 24 Oct 2022CA$3.2tCA$2.1tCA$240.7b9.7x13.3x1.5x
Wed, 21 Sep 2022CA$3.3tCA$2.1tCA$240.0b10.2x13.7x1.6x
Fri, 19 Aug 2022CA$3.4tCA$2.0tCA$237.2b10.8x14.2x1.7x
Sun, 17 Jul 2022CA$3.1tCA$2.0tCA$231.4b10x13.3x1.6x
Tue, 14 Jun 2022CA$3.3tCA$1.9tCA$230.9b11.4x14.4x1.7x
Thu, 12 May 2022CA$3.3tCA$1.9tCA$224.0b11.3x14.9x1.7x
Sat, 09 Apr 2022CA$3.7tCA$1.9tCA$212.2b12.9x17.3x2x
Mon, 07 Mar 2022CA$3.6tCA$1.9tCA$213.2b13.1x16.9x1.9x
Wed, 02 Feb 2022CA$3.5tCA$1.8tCA$189.2b13.2x18.7x2x
Fri, 31 Dec 2021CA$3.5tCA$1.8tCA$189.3b12.8x18.4x2x
Sun, 28 Nov 2021CA$3.4tCA$1.8tCA$189.2b12.5x18.2x1.9x
Tue, 26 Oct 2021CA$3.5tCA$1.7tCA$169.7b13.5x20.6x2.1x
Price to Earnings Ratio

20.6x


Total Market Cap: CA$3.5tTotal Earnings: CA$169.7bTotal Revenue: CA$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.3x202220232024
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 23.4x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.9% 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 Market1.38%
Utilities5.47%
Healthcare4.64%
Materials3.62%
Financials1.88%
Telecom1.57%
Real Estate1.41%
Consumer Discretionary0.92%
Consumer Staples0.76%
Tech0.23%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.15%
Energy-0.48%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 189x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 38.0% which is higher than its past year's earnings decline of 1.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 2.0% 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$77.895.7%
+CA$6.5b		84.9%PE96.2xFinancials
RY Royal Bank of CanadaCA$174.082.2%
+CA$5.2b		56.8%PB2.1xFinancials
CCO CamecoCA$80.1313.4%
+CA$4.1b		53.0%PE135.6xEnergy
TRP TC EnergyCA$66.425.7%
+CA$3.8b		42.8%PE20.1xEnergy
WPM Wheaton Precious MetalsCA$91.819.9%
+CA$3.7b		55.2%PE52.8xMaterials
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 & EnterpriseWhat's New
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

Lower Rates Increases REITs Appeal

Richard Bowman avatar
Richard Bowman
|
|

5 comments

While those with leverage are happy about the latest interest rate cuts, those looking for yield are less so. Lower interest rates mean lower yields...

Continue reading

💵 Making Sense of the Financial Sector - Part 2
Last Week

💵 Making Sense of the Financial Sector - Part 2

Latest News

CP

CA$110.57

Canadian Pacific Kansas City

7D

-2.1%

1Y

13.3%

ARX

CA$22.87

ARC Resources

7D

-7.7%

1Y

1.8%

Fewer Investors Than Expected Jumping On ARC Resources Ltd. (TSE:ARX)

Oct 17
Fewer Investors Than Expected Jumping On ARC Resources Ltd. (TSE:ARX)

RY

CA$174.08

Royal Bank of Canada

7D

2.2%

1Y

56.8%

TD

CA$77.84

Toronto-Dominion Bank

7D

-0.8%

1Y

-1.1%

BN

CA$77.89

Brookfield

7D

5.7%

1Y

84.9%

ENB

CA$57.97

Enbridge

7D

2.5%

1Y

32.9%

ABX

CA$28.88

Barrick Gold

7D

5.1%

1Y

24.6%

WPM

CA$91.81

Wheaton Precious Metals

7D

9.9%

1Y

55.2%

CNQ

CA$49.06

Canadian Natural Resources

7D

-5.1%

1Y

9.3%

TOU

CA$62.32

Tourmaline Oil

7D

-4.8%

1Y

-14.5%

CCO

CA$80.13

Cameco

7D

13.4%

1Y

53.0%

Cameco Corporation (TSE:CCO) Stocks Shoot Up 40% But Its P/S Still Looks Reasonable

Oct 06
Cameco Corporation (TSE:CCO) Stocks Shoot Up 40% But Its P/S Still Looks Reasonable

CVE

CA$23.38

Cenovus Energy

7D

-4.8%

1Y

-17.4%

Is Now The Time To Put Cenovus Energy (TSE:CVE) On Your Watchlist?

Oct 05
Is Now The Time To Put Cenovus Energy (TSE:CVE) On Your Watchlist?

CNR

CA$156.84

Canadian National Railway

7D

-1.6%

1Y

7.5%

A Look At The Fair Value Of Canadian National Railway Company (TSE:CNR)

Oct 05
A Look At The Fair Value Of Canadian National Railway Company (TSE:CNR)

TRP

CA$66.42

TC Energy

7D

5.7%

1Y

42.8%

CM

CA$86.48

Canadian Imperial Bank of Commerce

7D

3.1%

1Y

77.8%

SU

CA$54.00

Suncor Energy

7D

-2.9%

1Y

16.1%

Suncor Energy (TSX:SU) Reports Record Refining Throughput and Dividend While Navigating Market Pressures

Sep 17
Suncor Energy (TSX:SU) Reports Record Refining Throughput and Dividend While Navigating Market Pressures