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Canadian (TSX) Market Analysis & Valuation

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies2357
  • 7D-0.4%
  • 3M6.4%
  • 1Y26.1%
  • YTD16.5%

In the last week, the market has been flat, with a notable exception in the Healthcare sector dropping 5.8%. As for the longer term, the market has risen 26% in the past 12 months. As for the next few years, earnings are expected to grow by 16% 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, 01 Nov 2024CA$3.9tCA$2.1tCA$168.1b15.3x23.2x1.8x
Sun, 29 Sep 2024CA$3.8tCA$2.1tCA$167.7b15.5x22.8x1.8x
Tue, 27 Aug 2024CA$3.7tCA$2.1tCA$166.6b15.2x22.4x1.8x
Thu, 25 Jul 2024CA$3.7tCA$2.1tCA$167.7b14x21.9x1.8x
Sat, 22 Jun 2024CA$3.5tCA$2.1tCA$166.9b14.1x20.9x1.7x
Mon, 20 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.9x1.8x
Wed, 17 Apr 2024CA$3.5tCA$2.1tCA$174.7b14x20.1x1.7x
Fri, 15 Mar 2024CA$3.5tCA$2.1tCA$173.5b13.8x20.2x1.7x
Sun, 11 Feb 2024CA$3.4tCA$2.1tCA$176.7b13x19x1.6x
Tue, 09 Jan 2024CA$3.4tCA$2.1tCA$173.1b13x19.5x1.6x
Thu, 07 Dec 2023CA$3.3tCA$2.1tCA$172.3b12x18.9x1.6x
Sat, 04 Nov 2023CA$3.2tCA$2.1tCA$179.6b12.2x17.8x1.5x
Mon, 02 Oct 2023CA$3.2tCA$2.1tCA$185.2b11.5x17.1x1.5x
Wed, 30 Aug 2023CA$3.3tCA$2.1tCA$184.8b11.7x17.8x1.5x
Fri, 28 Jul 2023CA$3.3tCA$2.1tCA$199.2b11.7x16.6x1.6x
Sun, 25 Jun 2023CA$3.1tCA$2.1tCA$200.8b10.9x15.6x1.5x
Tue, 23 May 2023CA$3.3tCA$2.1tCA$206.3b11.1x15.9x1.5x
Thu, 20 Apr 2023CA$3.4tCA$2.1tCA$217.6b10.6x15.5x1.6x
Sat, 18 Mar 2023CA$3.2tCA$2.1tCA$219.0b10.5x14.5x1.5x
Mon, 13 Feb 2023CA$3.4tCA$2.1tCA$239.9b11.1x14.1x1.6x
Wed, 11 Jan 2023CA$3.3tCA$2.1tCA$245.4b10.7x13.4x1.6x
Fri, 09 Dec 2022CA$3.3tCA$2.1tCA$243.7b10.7x13.6x1.6x
Sun, 06 Nov 2022CA$3.2tCA$2.0tCA$238.6b9.9x13.5x1.6x
Tue, 04 Oct 2022CA$3.2tCA$2.1tCA$240.7b9.8x13.3x1.5x
Thu, 01 Sep 2022CA$3.2tCA$2.0tCA$235.7b10.4x13.7x1.6x
Sat, 30 Jul 2022CA$3.3tCA$2.0tCA$230.2b10.8x14.3x1.7x
Mon, 27 Jun 2022CA$3.2tCA$2.0tCA$231.3b10.6x13.8x1.6x
Wed, 25 May 2022CA$3.4tCA$1.9tCA$227.2b11.5x15x1.8x
Fri, 22 Apr 2022CA$3.6tCA$1.9tCA$211.8b12.7x17.2x2x
Sun, 20 Mar 2022CA$3.7tCA$1.9tCA$213.5b13x17.1x2x
Tue, 15 Feb 2022CA$3.6tCA$1.8tCA$197.8b12.9x18.1x2x
Thu, 13 Jan 2022CA$3.6tCA$1.8tCA$188.4b13x19x2x
Sat, 11 Dec 2021CA$3.4tCA$1.8tCA$189.2b12.2x17.9x1.9x
Mon, 08 Nov 2021CA$3.5tCA$1.7tCA$185.7b13.1x18.9x2x
Price to Earnings Ratio

18.9x


Total Market Cap: CA$3.5tTotal Earnings: CA$185.7bTotal 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 23.2x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 3.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.9% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-0.37%
Consumer Staples1.12%
Tech0.94%
Financials0.26%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.30%
Energy-0.49%
Consumer Discretionary-0.58%
Real Estate-0.82%
Materials-0.88%
Telecom-2.59%
Utilities-3.27%
Healthcare-5.81%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 201x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 42.4% which is higher than its past year's earnings decline of 0.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 56% 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 2.5% 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$96.9822.0%
+CA$2.0b		189.8%PE21.5xTech
BAM Brookfield Asset ManagementCA$74.806.8%
+CA$2.0b		83.2%PE51.1xFinancials
L Loblaw CompaniesCA$179.333.0%
+CA$1.6b		55.7%PE26.2xConsumer Staples
CM Canadian Imperial Bank of CommerceCA$88.041.4%
+CA$1.1b		78.9%PB1.5xFinancials
NA National Bank of CanadaCA$134.232.3%
+CA$1.0b		55.2%PB1.9xFinancials
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Richard Bowman
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