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Canadian (TSX) Market Analysis & Valuation

UpdatedNov 15, 2025
DataAggregated Company Financials
Companies2208
  • 7D1.6%
  • 3M8.1%
  • 1Y19.9%
  • YTD20.1%

The market has climbed 1.6% in the last 7 days, lead by the Materials sector with a gain of 5.1%. On the other hand, with a decline of 3.3%, the Information Technology sector is lagging behind. The market is up 20% over the last 12 months. Looking forward, 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
Mon, 17 Nov 2025CA$4.7tCA$2.1tCA$223.4b16.2x21.1x2.2x
Wed, 15 Oct 2025CA$4.7tCA$2.2tCA$209.6b16.7x22.3x2.2x
Fri, 12 Sep 2025CA$4.6tCA$2.1tCA$208.5b16.3x22x2.1x
Sun, 10 Aug 2025CA$4.4tCA$2.1tCA$201.9b15.7x21.6x2x
Tue, 08 Jul 2025CA$4.3tCA$2.1tCA$191.6b16x22.5x2x
Thu, 05 Jun 2025CA$4.2tCA$2.1tCA$191.8b15.5x21.9x2x
Sat, 03 May 2025CA$4.0tCA$2.1tCA$175.5b14.8x22.5x1.9x
Mon, 31 Mar 2025CA$3.9tCA$2.1tCA$173.8b15x22.7x1.9x
Wed, 26 Feb 2025CA$4.0tCA$2.1tCA$168.8b14.8x23.6x1.9x
Fri, 24 Jan 2025CA$3.9tCA$2.1tCA$171.2b15x23x1.8x
Sun, 22 Dec 2024CA$3.8tCA$2.1tCA$169.1b13.8x22.7x1.8x
Tue, 19 Nov 2024CA$3.9tCA$2.1tCA$167.6b14.5x23.2x1.8x
Thu, 17 Oct 2024CA$3.9tCA$2.1tCA$168.0b15.6x23.2x1.9x
Sat, 14 Sep 2024CA$3.8tCA$2.1tCA$167.4b15.1x22.4x1.8x
Mon, 12 Aug 2024CA$3.6tCA$2.1tCA$170.3b14.3x21x1.7x
Wed, 10 Jul 2024CA$3.6tCA$2.0tCA$166.5b13.9x21.4x1.7x
Fri, 07 Jun 2024CA$3.6tCA$2.0tCA$167.3b14.4x21.4x1.8x
Sun, 05 May 2024CA$3.5tCA$2.1tCA$172.9b14x20.4x1.7x
Tue, 02 Apr 2024CA$3.5tCA$2.0tCA$173.3b13.9x20.5x1.7x
Thu, 29 Feb 2024CA$3.4tCA$2.1tCA$172.2b13.7x19.8x1.7x
Sat, 27 Jan 2024CA$3.4tCA$2.1tCA$173.9b12.8x19.6x1.6x
Mon, 25 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.2x19.5x1.6x
Wed, 22 Nov 2023CA$3.2tCA$2.1tCA$179.8b12x18x1.6x
Fri, 20 Oct 2023CA$3.1tCA$2.1tCA$185.3b11.5x17x1.5x
Sun, 17 Sep 2023CA$3.3tCA$2.1tCA$184.5b11.9x18x1.6x
Tue, 15 Aug 2023CA$3.3tCA$2.1tCA$187.6b11.5x17.5x1.6x
Thu, 13 Jul 2023CA$3.2tCA$2.1tCA$200.1b11.3x16.2x1.5x
Sat, 10 Jun 2023CA$3.2tCA$2.1tCA$199.8b11.1x16.1x1.5x
Mon, 08 May 2023CA$3.3tCA$2.1tCA$209.9b11.1x15.8x1.6x
Wed, 05 Apr 2023CA$3.3tCA$2.1tCA$217.6b10.6x15.2x1.6x
Fri, 03 Mar 2023CA$3.3tCA$2.1tCA$226.6b10.9x14.8x1.6x
Sun, 29 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.9x13.9x1.6x
Tue, 27 Dec 2022CA$3.2tCA$2.1tCA$245.9b10.4x13.1x1.6x
Thu, 24 Nov 2022CA$3.3tCA$2.1tCA$239.0b10.6x14x1.6x
Price to Earnings Ratio

14x


Total Market Cap: CA$3.3tTotal Earnings: CA$239.0bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.7x202320242025
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 19.7x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 2.2% 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 Market1.62%
Materials5.12%
Consumer Staples4.62%
Energy2.75%
Consumer Discretionary2.45%
Financials0.61%
Telecom0.57%
Industrials0.022%
Real Estate-0.036%
Utilities-1.73%
Tech-3.33%
Healthcare-5.56%
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 25.7%, which is higher than its past year's earnings growth of 19.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 68% over the next 5 years.
  • This is better than its past earnings growth rate of 2.0% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 20% 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
ABX Barrick MiningCA$52.006.4%
+CA$5.2b		115.8%PE17.5xMaterials
L Loblaw CompaniesCA$60.517.0%
+CA$4.7b		36.0%PE28.9xConsumer Staples
CNQ Canadian Natural ResourcesCA$47.065.0%
+CA$4.7b		-0.2%PE14.7xEnergy
CVE Cenovus EnergyCA$25.401.5%
+CA$4.3b		13.3%PE15.4xEnergy
FFH Fairfax Financial HoldingsCA$2.29k3.2%
+CA$3.6b		19.5%PE7.7xFinancials
See more

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