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Canadian (TSX) Market Analysis & Valuation

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies2200
  • 7D0.7%
  • 3M12.0%
  • 1Y31.5%
  • YTD11.1%

Over the last 7 days, the market has remained flat, although notably the Materials sector gained 5.6% in that time. More promisingly, the market is up 32% over the past year. 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
Fri, 19 Jun 2026CA$5.5tCA$2.2tCA$244.7b15.8x22.6x2.5x
Sun, 17 May 2026CA$5.4tCA$2.2tCA$245.8b16.8x21.9x2.4x
Tue, 14 Apr 2026CA$5.3tCA$2.2tCA$241.2b16.9x22x2.4x
Thu, 12 Mar 2026CA$5.2tCA$2.1tCA$239.8b16.6x21.8x2.4x
Sat, 07 Feb 2026CA$5.0tCA$2.1tCA$226.1b17.3x22.3x2.4x
Mon, 05 Jan 2026CA$5.0tCA$2.1tCA$224.4b16.4x22.1x2.3x
Wed, 03 Dec 2025CA$4.8tCA$2.1tCA$224.7b16.1x21.5x2.3x
Fri, 31 Oct 2025CA$4.7tCA$2.2tCA$216.2b16.1x21.6x2.2x
Sun, 28 Sep 2025CA$4.7tCA$2.2tCA$209.2b16.3x22.4x2.2x
Tue, 26 Aug 2025CA$4.5tCA$2.1tCA$201.9b16x22.1x2.1x
Thu, 24 Jul 2025CA$4.4tCA$2.1tCA$190.8b16.3x22.8x2.1x
Sat, 21 Jun 2025CA$4.3tCA$2.1tCA$191.8b15.3x22.3x2x
Mon, 19 May 2025CA$4.1tCA$2.1tCA$183.5b14.5x22.2x1.9x
Wed, 16 Apr 2025CA$3.8tCA$2.1tCA$173.2b14.8x22x1.8x
Fri, 14 Mar 2025CA$3.9tCA$2.1tCA$175.4b14.5x22.1x1.8x
Sun, 09 Feb 2025CA$4.0tCA$2.1tCA$168.6b14.6x24x1.9x
Tue, 07 Jan 2025CA$3.9tCA$2.1tCA$170.9b14.4x22.9x1.8x
Thu, 05 Dec 2024CA$4.0tCA$2.1tCA$166.6b14.8x24x1.9x
Sat, 02 Nov 2024CA$3.8tCA$2.1tCA$168.7b14.9x22.8x1.8x
Mon, 30 Sep 2024CA$3.8tCA$2.1tCA$167.7b15.5x22.8x1.8x
Wed, 28 Aug 2024CA$3.7tCA$2.1tCA$166.5b15.1x22.5x1.8x
Fri, 26 Jul 2024CA$3.6tCA$2.1tCA$168.0b14.1x21.7x1.8x
Sun, 23 Jun 2024CA$3.5tCA$2.1tCA$166.9b14.1x20.8x1.7x
Tue, 21 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.9x1.8x
Thu, 18 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.9x20x1.7x
Sat, 16 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.1x1.7x
Mon, 12 Feb 2024CA$3.4tCA$2.1tCA$176.7b13x19x1.6x
Wed, 10 Jan 2024CA$3.4tCA$2.1tCA$173.2b13x19.5x1.6x
Fri, 08 Dec 2023CA$3.3tCA$2.1tCA$172.3b12.1x18.9x1.6x
Sun, 05 Nov 2023CA$3.2tCA$2.1tCA$180.7b12.1x17.7x1.5x
Tue, 03 Oct 2023CA$3.2tCA$2.1tCA$185.4b11.3x17.1x1.5x
Thu, 31 Aug 2023CA$3.3tCA$2.1tCA$184.8b11.8x17.8x1.6x
Sat, 29 Jul 2023CA$3.3tCA$2.1tCA$191.2b11.9x17.2x1.6x
Mon, 26 Jun 2023CA$3.1tCA$2.1tCA$200.1b11x15.7x1.5x
Price to Earnings Ratio

15.7x


Total Market Cap: CA$3.1tTotal Earnings: CA$200.1bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 21.1x202420252026
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 21.1x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 6.9% 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 Market0.74%
Materials5.57%
Financials3.22%
Utilities0.29%
Healthcare0.058%
Real Estate-0.27%
Industrials-0.64%
Consumer Staples-1.85%
Telecom-2.75%
Consumer Discretionary-3.16%
Energy-4.72%
Tech-5.52%
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 22.6%, which is higher than its past year's earnings growth of 3.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 5.4% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 8.2% 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
TD Toronto-Dominion BankCA$168.634.0%
+CA$10.6b		73.1%PB2.3xFinancials
RY Royal Bank of CanadaCA$285.102.6%
+CA$10.0b		62.9%PB3.1xFinancials
BNS Bank of Nova ScotiaCA$123.036.7%
+CA$9.5b		65.1%PB1.7xFinancials
WPM Wheaton Precious MetalsCA$173.0110.1%
+CA$7.2b		40.5%PE30.9xMaterials
BMO Bank of MontrealCA$241.523.9%
+CA$6.4b		67.4%PB2xFinancials
See more

Market Insights

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Latest News

NA
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BNS
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1Y
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Toronto-Dominion Bank
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4.0%
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Great-West Lifeco
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BMO
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Bank of Montreal
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3.9%
1Y
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Wheaton Precious Metals
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10.1%
1Y
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CP
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Canadian Pacific Kansas City
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1Y
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SU
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CCO
CA$150.46
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7D
9.0%
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CSU
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ENB
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