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Canadian (TSX) Market Analysis & Valuation

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies2196
  • 7D-1.9%
  • 3M9.2%
  • 1Y27.8%
  • YTD2.6%

Over the last 7 days, the market has dropped 1.9%, driven by a pullback of 7.0% in the Materials sector. As for the longer term, the market has actually risen by 28% in the last year. Looking forward, earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026CA$5.1tCA$2.1tCA$223.9b17.3x22.6x2.4x
Fri, 02 Jan 2026CA$4.9tCA$2.1tCA$224.4b16.4x22x2.3x
Sun, 30 Nov 2025CA$4.9tCA$2.1tCA$224.1b16.4x21.7x2.3x
Tue, 28 Oct 2025CA$4.7tCA$2.2tCA$215.4b16.5x21.9x2.2x
Thu, 25 Sep 2025CA$4.7tCA$2.2tCA$209.0b16.4x22.4x2.2x
Sat, 23 Aug 2025CA$4.4tCA$2.1tCA$201.8b16.1x21.9x2.1x
Mon, 21 Jul 2025CA$4.3tCA$2.1tCA$191.2b16.1x22.7x2x
Wed, 18 Jun 2025CA$4.3tCA$2.1tCA$191.7b15.4x22.3x2x
Fri, 16 May 2025CA$4.0tCA$2.1tCA$180.5b14.3x22.4x1.9x
Sun, 13 Apr 2025CA$3.8tCA$2.1tCA$173.2b14.4x21.7x1.8x
Tue, 11 Mar 2025CA$3.9tCA$2.1tCA$175.3b14.7x22.5x1.8x
Thu, 06 Feb 2025CA$3.9tCA$2.1tCA$170.6b14.5x22.9x1.8x
Sat, 04 Jan 2025CA$3.9tCA$2.1tCA$169.2b14.4x23x1.8x
Mon, 02 Dec 2024CA$4.0tCA$2.1tCA$166.3b14.8x24x1.9x
Wed, 30 Oct 2024CA$3.9tCA$2.1tCA$168.1b15.4x23.3x1.8x
Fri, 27 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.3x22.7x1.8x
Sun, 25 Aug 2024CA$3.7tCA$2.1tCA$166.6b15.2x22.3x1.8x
Tue, 23 Jul 2024CA$3.6tCA$2.1tCA$167.8b14.3x21.7x1.8x
Thu, 20 Jun 2024CA$3.5tCA$2.1tCA$167.4b14x20.7x1.7x
Sat, 18 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.7x1.8x
Mon, 15 Apr 2024CA$3.5tCA$2.1tCA$174.6b14.1x20.2x1.7x
Wed, 13 Mar 2024CA$3.5tCA$2.1tCA$173.3b13.8x20.1x1.7x
Fri, 09 Feb 2024CA$3.4tCA$2.1tCA$174.6b12.9x19.2x1.6x
Sun, 07 Jan 2024CA$3.4tCA$2.1tCA$173.2b13x19.5x1.6x
Tue, 05 Dec 2023CA$3.3tCA$2.1tCA$172.0b12.2x19x1.6x
Thu, 02 Nov 2023CA$3.1tCA$2.1tCA$184.5b11.5x16.6x1.5x
Sat, 30 Sep 2023CA$3.2tCA$2.1tCA$185.1b11.5x17.2x1.5x
Mon, 28 Aug 2023CA$3.2tCA$2.1tCA$184.9b11.5x17.4x1.5x
Wed, 26 Jul 2023CA$3.3tCA$2.1tCA$200.1b11.8x16.6x1.6x
Fri, 23 Jun 2023CA$3.2tCA$2.1tCA$200.8b11x15.9x1.5x
Sun, 21 May 2023CA$3.3tCA$2.1tCA$206.3b11.1x15.9x1.5x
Tue, 18 Apr 2023CA$3.4tCA$2.1tCA$217.4b10.8x15.5x1.6x
Thu, 16 Mar 2023CA$3.2tCA$2.1tCA$220.0b10.6x14.4x1.5x
Sat, 11 Feb 2023CA$3.4tCA$2.0tCA$244.7b11.1x13.8x1.7x
Price to Earnings Ratio

13.8x


Total Market Cap: CA$3.4tTotal Earnings: CA$244.7bTotal Revenue: CA$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 20.3x202420252026
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 22.6x which is higher than its 3-year average PE of 20.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 2.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.2% 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-1.91%
Consumer Staples4.13%
Energy2.32%
Telecom1.62%
Utilities0.90%
Financials-0.48%
Consumer Discretionary-0.63%
Real Estate-1.23%
Healthcare-2.61%
Industrials-3.45%
Materials-6.97%
Tech-11.96%
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 24.2%, which is higher than its past year's earnings growth of 15.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings growth rate of 9.5% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 19% 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
RY Royal Bank of CanadaCA$232.751.6%
+CA$5.0b		37.0%PB2.6xFinancials
CP Canadian Pacific Kansas CityCA$104.435.7%
+CA$4.7b		-5.3%PE22.6xIndustrials
ENB EnbridgeCA$67.273.2%
+CA$4.5b		7.3%PE26.3xEnergy
L Loblaw CompaniesCA$65.466.2%
+CA$4.5b		45.0%PE31.1xConsumer Staples
BMO Bank of MontrealCA$193.033.0%
+CA$4.0b		38.4%PB1.6xFinancials
See more

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