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Canadian (TSX) Market Analysis & Valuation

UpdatedSep 09, 2025
DataAggregated Company Financials
Companies2228
  • 7D1.2%
  • 3M8.3%
  • 1Y22.4%
  • YTD15.1%

The market has climbed 1.2% in the last 7 days, lead by the Materials sector with a gain of 5.8%. In the last year, the market has climbed 22%. Earnings are forecast to grow by 11% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Sep 2025CA$4.6tCA$2.1tCA$208.5b16.4x21.9x2.1x
Thu, 07 Aug 2025CA$4.4tCA$2.1tCA$194.1b16.1x22.5x2.1x
Sat, 05 Jul 2025CA$4.3tCA$2.1tCA$191.5b15.9x22.5x2x
Mon, 02 Jun 2025CA$4.2tCA$2.1tCA$192.1b14.9x21.6x2x
Wed, 30 Apr 2025CA$4.0tCA$2.1tCA$173.9b14.9x22.8x1.9x
Fri, 28 Mar 2025CA$4.0tCA$2.1tCA$174.0b15.2x23x1.9x
Sun, 23 Feb 2025CA$4.0tCA$2.1tCA$169.1b14.8x23.6x1.9x
Tue, 21 Jan 2025CA$3.9tCA$2.1tCA$171.1b14.3x22.8x1.8x
Thu, 19 Dec 2024CA$3.9tCA$2.1tCA$169.6b13.9x23x1.8x
Sat, 16 Nov 2024CA$3.9tCA$2.1tCA$167.8b14.5x23.3x1.8x
Mon, 14 Oct 2024CA$3.9tCA$2.1tCA$168.0b15.7x23.2x1.8x
Wed, 11 Sep 2024CA$3.7tCA$2.1tCA$167.4b15x22x1.8x
Fri, 09 Aug 2024CA$3.5tCA$2.1tCA$168.6b13.7x20.8x1.7x
Sun, 07 Jul 2024CA$3.5tCA$2.0tCA$166.7b13.9x21.3x1.7x
Tue, 04 Jun 2024CA$3.6tCA$2.0tCA$166.2b14.3x21.7x1.8x
Thu, 02 May 2024CA$3.5tCA$2.1tCA$173.4b13.8x20.2x1.7x
Sat, 30 Mar 2024CA$3.5tCA$2.0tCA$175.1b13.8x20.3x1.7x
Mon, 26 Feb 2024CA$3.4tCA$2.0tCA$171.2b14.1x20x1.7x
Wed, 24 Jan 2024CA$3.4tCA$2.1tCA$173.3b13.3x19.4x1.6x
Fri, 22 Dec 2023CA$3.3tCA$2.1tCA$172.8b13.1x19.2x1.6x
Sun, 19 Nov 2023CA$3.2tCA$2.1tCA$179.9b12x17.9x1.6x
Tue, 17 Oct 2023CA$3.2tCA$2.1tCA$185.1b11.5x17.2x1.5x
Thu, 14 Sep 2023CA$3.3tCA$2.1tCA$184.6b11.8x17.7x1.5x
Sat, 12 Aug 2023CA$3.3tCA$2.1tCA$187.6b11.7x17.7x1.6x
Mon, 10 Jul 2023CA$3.2tCA$2.1tCA$200.3b11.2x16x1.5x
Wed, 07 Jun 2023CA$3.2tCA$2.1tCA$199.9b11.1x16.2x1.5x
Fri, 05 May 2023CA$3.3tCA$2.1tCA$212.1b10.9x15.4x1.6x
Sun, 02 Apr 2023CA$3.3tCA$2.1tCA$215.9b10.6x15.3x1.6x
Tue, 28 Feb 2023CA$3.3tCA$2.1tCA$233.2b10.8x14.3x1.6x
Thu, 26 Jan 2023CA$3.4tCA$2.1tCA$245.4b11x13.8x1.6x
Sat, 24 Dec 2022CA$3.2tCA$2.1tCA$245.9b10.4x13.1x1.6x
Mon, 21 Nov 2022CA$3.3tCA$2.0tCA$238.3b10.3x13.8x1.6x
Wed, 19 Oct 2022CA$3.2tCA$2.1tCA$241.3b9.6x13.2x1.5x
Fri, 16 Sep 2022CA$3.3tCA$2.1tCA$239.5b10.4x13.8x1.6x
Price to Earnings Ratio

13.8x


Total Market Cap: CA$3.3tTotal Earnings: CA$239.5bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.1x202320242025
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 21.9x which is higher than its 3-year average PE of 19.1x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 4.5% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market1.17%
Materials5.83%
Tech4.60%
Consumer Discretionary1.76%
Consumer Staples1.73%
Real Estate1.42%
Financials0.61%
Telecom0.085%
Utilities-0.81%
Energy-1.02%
Industrials-1.02%
Healthcare-4.99%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.7%, which is lower than the prior year's growth of 30.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 52% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 4.0% 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
CLS CelesticaCA$337.1926.1%
+CA$8.0b		483.7%PE52.2xTech
BMO Bank of MontrealCA$175.385.5%
+CA$6.6b		55.8%PB1.5xFinancials
ABX Barrick MiningCA$40.079.4%
+CA$5.9b		53.2%PE17.9xMaterials
ATD Alimentation Couche-TardCA$74.336.8%
+CA$3.9b		-4.6%PE19.7xConsumer Staples
WPM Wheaton Precious MetalsCA$146.466.2%
+CA$3.9b		84.5%PE61xMaterials
See more

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MDA
CA$32.99
MDA Space
7D
-25.7%
1Y
115.3%
K
CA$31.15
Kinross Gold
7D
8.5%
1Y
169.5%
ATD
CA$74.33
Alimentation Couche-Tard
7D
6.8%
1Y
-4.6%
BN
CA$92.01
Brookfield
7D
1.9%
1Y
43.7%
SU
CA$55.58
Suncor Energy
7D
-2.1%
1Y
9.6%

Cost Reductions And Oil Sands Risks Will Shape Future Prospects

With no analyst reasoning provided, both Suncor Energy's Discount Rate and Future P/E remained stable, resulting in an unchanged analyst price target of CA$61.58. What's in the News Completed repurchase of 24,315,149 shares (1.95% of outstanding) for CAD 1,249.8 million under its buyback program.
IMO
CA$120.85
Imperial Oil
7D
-3.0%
1Y
31.0%

Kearl, Cold Lake And Strathcona Will Drive Future Operational Gains

Imperial Oil's fair value metrics, including consensus price target and future P/E ratio, remained essentially unchanged this period, with only marginal increases leading to a slight upward revision in the price target to CA$106.88. What's in the News Imperial Oil reported Q2 gross oil-equivalent production of 427,000 barrels per day, up from 404,000 barrels a year ago; net oil-equivalent production rose to 382,000 barrels per day from 340,000 barrels per day.
ABX
CA$40.07
Barrick Mining
7D
9.4%
1Y
53.2%

Further Upside For Barrick Mining Corporation (TSE:ABX) Shares Could Introduce Price Risks After 26% Bounce

Sep 03
Further Upside For Barrick Mining Corporation (TSE:ABX) Shares Could Introduce Price Risks After 26% Bounce
BAM
CA$78.58
Brookfield Asset Management
7D
-4.9%
1Y
37.2%
BNS
CA$88.30
Bank of Nova Scotia
7D
2.9%
1Y
26.9%
CLS
CA$337.19
Celestica
7D
26.1%
1Y
483.7%
BMO
CA$175.38
Bank of Montreal
7D
5.5%
1Y
55.8%
TRI
CA$239.63
Thomson Reuters
7D
-1.8%
1Y
4.8%
CVE
CA$22.12
Cenovus Energy
7D
-3.2%
1Y
-2.0%

Narrows Lake And West White Rose Will Secure Long-Life Production

Analysts have raised Cenovus Energy’s price target to CA$27.40, citing confidence in value creation from recent acquisitions—particularly the MEG Energy takeover—and execution on strategic priorities. Analyst Commentary Bullish analysts are raising price targets in recognition of Cenovus Energy’s value creation through its successful track record of upstream acquisitions.
CNQ
CA$41.86
Canadian Natural Resources
7D
-3.7%
1Y
-7.8%
GFL
CA$65.20
GFL Environmental
7D
-5.1%
1Y
20.8%

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Aug 08
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WPM
CA$146.46
Wheaton Precious Metals
7D
6.2%
1Y
84.5%

Salobo III Streaming Deals Will Shape Future Metals Markets

Wheaton Precious Metals’ fair value has increased—reflected in the higher analyst price target—as consensus expectations for future revenue growth and valuations have both risen substantially. What's in the News Q1 2025 gold production increased slightly to 92,681 ounces, while silver and palladium output declined to 4,733 ounces and 2,661 ounces, respectively.