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Canadian (TSX) Market Analysis & Valuation

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies2210
  • 7D2.7%
  • 3M9.7%
  • 1Y21.3%
  • YTD21.5%

The market has climbed 2.7% in the last 7 days, lead by the Materials sector with a gain of 9.6%. On the other hand, with a decline of 5.4%, the Information Technology sector is lagging behind. As for the past 12 months, the market is up 21%. 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
Thu, 13 Nov 2025CA$4.7tCA$2.1tCA$220.5b16.4x21.1x2.2x
Sat, 11 Oct 2025CA$4.7tCA$2.2tCA$209.4b16.4x22.5x2.2x
Mon, 08 Sep 2025CA$4.6tCA$2.1tCA$208.6b16.3x21.8x2.1x
Wed, 06 Aug 2025CA$4.3tCA$2.1tCA$195.1b16.1x22x2x
Fri, 04 Jul 2025CA$4.3tCA$2.1tCA$191.4b15.9x22.3x2x
Sun, 01 Jun 2025CA$4.2tCA$2.1tCA$192.2b14.9x21.6x2x
Tue, 29 Apr 2025CA$3.9tCA$2.1tCA$173.9b14.9x22.7x1.9x
Thu, 27 Mar 2025CA$4.0tCA$2.1tCA$173.4b15.3x23.2x1.9x
Sat, 22 Feb 2025CA$4.0tCA$2.1tCA$169.1b14.8x23.6x1.9x
Mon, 20 Jan 2025CA$3.9tCA$2.1tCA$171.3b14.3x22.8x1.8x
Wed, 18 Dec 2024CA$3.9tCA$2.1tCA$169.4b14.2x23.1x1.8x
Fri, 15 Nov 2024CA$3.9tCA$2.1tCA$167.2b14.8x23.3x1.8x
Sun, 13 Oct 2024CA$3.9tCA$2.1tCA$168.0b15.7x23.2x1.8x
Tue, 10 Sep 2024CA$3.7tCA$2.1tCA$167.4b14.9x22x1.8x
Thu, 08 Aug 2024CA$3.5tCA$2.1tCA$167.4b13.6x21.1x1.7x
Sat, 06 Jul 2024CA$3.6tCA$2.0tCA$166.4b13.9x21.5x1.7x
Mon, 03 Jun 2024CA$3.6tCA$2.0tCA$166.2b14.4x21.7x1.8x
Wed, 01 May 2024CA$3.5tCA$2.1tCA$173.3b13.9x20.2x1.7x
Fri, 29 Mar 2024CA$3.5tCA$2.0tCA$175.1b13.8x20.2x1.7x
Sun, 25 Feb 2024CA$3.4tCA$2.1tCA$173.8b14.1x19.8x1.7x
Tue, 23 Jan 2024CA$3.4tCA$2.1tCA$173.3b12.9x19.4x1.6x
Thu, 21 Dec 2023CA$3.3tCA$2.1tCA$173.0b13x19.4x1.6x
Sat, 18 Nov 2023CA$3.2tCA$2.1tCA$179.9b12x17.9x1.6x
Mon, 16 Oct 2023CA$3.2tCA$2.1tCA$185.2b11.6x17.1x1.5x
Wed, 13 Sep 2023CA$3.3tCA$2.1tCA$184.7b11.8x17.7x1.5x
Fri, 11 Aug 2023CA$3.3tCA$2.1tCA$184.6b11.7x17.9x1.5x
Sun, 09 Jul 2023CA$3.2tCA$2.1tCA$200.3b11.2x16x1.5x
Tue, 06 Jun 2023CA$3.2tCA$2.1tCA$200.0b11x16.2x1.5x
Thu, 04 May 2023CA$3.3tCA$2.1tCA$213.2b11x15.5x1.6x
Sat, 01 Apr 2023CA$3.3tCA$2.1tCA$216.9b10.5x15.2x1.6x
Mon, 27 Feb 2023CA$3.3tCA$2.1tCA$233.6b10.8x14.2x1.6x
Wed, 25 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.8x13.8x1.6x
Fri, 23 Dec 2022CA$3.2tCA$2.1tCA$246.0b10.3x12.9x1.5x
Sun, 20 Nov 2022CA$3.3tCA$2.0tCA$238.3b10.3x13.8x1.6x
Price to Earnings Ratio

13.8x


Total Market Cap: CA$3.3tTotal Earnings: CA$238.3bTotal Revenue: CA$2.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.6x202320242025
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 19.6x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 2.5% 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 Market2.74%
Materials9.57%
Energy3.65%
Consumer Discretionary2.37%
Telecom2.03%
Financials1.94%
Consumer Staples1.86%
Utilities0.81%
Real Estate0.47%
Healthcare0.22%
Industrials-1.27%
Tech-5.36%
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 21.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 65% 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$52.3213.1%
+CA$9.4b		122.4%PE17.6xMaterials
WPM Wheaton Precious MetalsCA$150.9910.7%
+CA$6.6b		82.6%PE48.9xMaterials
TRP TC EnergyCA$76.727.9%
+CA$5.8b		13.1%PE21.4xEnergy
ENB EnbridgeCA$68.253.8%
+CA$5.4b		14.6%PE26.7xEnergy
IMO Imperial OilCA$135.567.9%
+CA$4.9b		33.1%PE16.8xEnergy
See more

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ATRL
CA$88.66
AtkinsRéalis Group
7D
-8.6%
1Y
38.1%
CSU
CA$3,355.73
Constellation Software
7D
-6.0%
1Y
-26.6%
ABX
CA$52.32
Barrick Mining
7D
13.1%
1Y
122.4%
CCO
CA$129.68
Cameco
7D
-3.5%
1Y
74.8%
WPM
CA$150.99
Wheaton Precious Metals
7D
10.7%
1Y
82.6%
WSP
CA$258.06
WSP Global
7D
-3.9%
1Y
7.5%
SLF
CA$82.80
Sun Life Financial
7D
-4.9%
1Y
-1.9%
ENB
CA$68.25
Enbridge
7D
3.8%
1Y
14.6%
FFH
CA$2,252.77
Fairfax Financial Holdings
7D
1.1%
1Y
18.7%
TRI
CA$193.75
Thomson Reuters
7D
-4.8%
1Y
-17.8%
IMO
CA$135.56
Imperial Oil
7D
7.9%
1Y
33.1%

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SU
CA$61.92
Suncor Energy
7D
6.4%
1Y
11.8%

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TRP
CA$76.72
TC Energy
7D
7.9%
1Y
13.1%
CLS
CA$468.18
Celestica
7D
-5.8%
1Y
307.2%

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RY
CA$208.76
Royal Bank of Canada
7D
1.5%
1Y
21.1%

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Analysts have recently increased their average price target for Royal Bank of Canada to C$218, reflecting expectations for continued earnings growth and stronger profitability metrics. Analyst Commentary Recent research from the street reflects a wide range of analyst opinion on Royal Bank of Canada, with several making notable adjustments to price targets and ratings.
CM
CA$121.89
Canadian Imperial Bank of Commerce
7D
3.6%
1Y
35.9%

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