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Canadian (TSX) Market Analysis & Valuation

UpdatedApr 22, 2025
DataAggregated Company Financials
Companies2308
  • 7D0.7%
  • 3M-4.6%
  • 1Y7.8%
  • YTD-3.3%

The market has stayed flat over the 7 days. Meanwhile, the market is actually up 7.8% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Apr 2025CA$3.9tCA$2.1tCA$173.0b14.7x22.4x1.8x
Thu, 20 Mar 2025CA$3.9tCA$2.1tCA$172.6b15.1x22.8x1.8x
Sat, 15 Feb 2025CA$4.1tCA$2.1tCA$168.6b15x24.1x1.9x
Mon, 13 Jan 2025CA$3.9tCA$2.1tCA$171.3b14.5x22.5x1.8x
Wed, 11 Dec 2024CA$4.0tCA$2.1tCA$169.2b14.6x23.6x1.9x
Fri, 08 Nov 2024CA$3.9tCA$2.1tCA$168.5b14.9x23.2x1.8x
Sun, 06 Oct 2024CA$3.8tCA$2.1tCA$167.4b15.4x23x1.8x
Tue, 03 Sep 2024CA$3.7tCA$2.1tCA$167.6b15.4x22.3x1.8x
Thu, 01 Aug 2024CA$3.7tCA$2.1tCA$167.8b14.2x22.1x1.8x
Sat, 29 Jun 2024CA$3.5tCA$2.1tCA$166.5b14.2x21.2x1.7x
Mon, 27 May 2024CA$3.6tCA$2.0tCA$166.4b14.2x21.8x1.8x
Wed, 24 Apr 2024CA$3.5tCA$2.0tCA$174.5b13.9x20.3x1.7x
Fri, 22 Mar 2024CA$3.5tCA$2.0tCA$173.9b13.6x20.2x1.7x
Sun, 18 Feb 2024CA$3.4tCA$2.1tCA$177.4b13.5x19.2x1.6x
Tue, 16 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.9x19.6x1.6x
Thu, 14 Dec 2023CA$3.2tCA$2.1tCA$172.3b12.3x18.8x1.6x
Sat, 11 Nov 2023CA$3.2tCA$2.1tCA$177.6b11.9x17.8x1.5x
Mon, 09 Oct 2023CA$3.1tCA$2.1tCA$185.2b11.2x16.9x1.5x
Wed, 06 Sep 2023CA$3.3tCA$2.1tCA$184.8b11.4x17.8x1.6x
Fri, 04 Aug 2023CA$3.3tCA$2.1tCA$182.3b12x17.9x1.6x
Sun, 02 Jul 2023CA$3.2tCA$2.1tCA$200.0b11x16.2x1.5x
Tue, 30 May 2023CA$3.2tCA$2.1tCA$200.3b11.1x16.1x1.5x
Thu, 27 Apr 2023CA$3.3tCA$2.1tCA$216.4b10.6x15.3x1.6x
Sat, 25 Mar 2023CA$3.1tCA$2.1tCA$214.7b10.5x14.6x1.5x
Mon, 20 Feb 2023CA$3.4tCA$2.1tCA$236.6b11x14.2x1.6x
Wed, 18 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.8x13.7x1.6x
Fri, 16 Dec 2022CA$3.2tCA$2.1tCA$244.2b10.5x13.2x1.6x
Sun, 13 Nov 2022CA$3.3tCA$2.0tCA$241.1b10.4x13.8x1.6x
Tue, 11 Oct 2022CA$3.2tCA$2.1tCA$241.1b9.7x13.1x1.5x
Thu, 08 Sep 2022CA$3.2tCA$2.0tCA$235.7b10.3x13.5x1.6x
Sat, 06 Aug 2022CA$3.3tCA$2.0tCA$242.2b10.2x13.5x1.6x
Mon, 04 Jul 2022CA$3.2tCA$2.0tCA$231.3b10.4x13.6x1.6x
Wed, 01 Jun 2022CA$3.4tCA$1.9tCA$227.6b11.9x15x1.8x
Fri, 29 Apr 2022CA$3.5tCA$1.9tCA$216.2b12.2x16.2x1.9x
Price to Earnings Ratio

16.2x


Total Market Cap: CA$3.5tTotal Earnings: CA$216.2bTotal Revenue: CA$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 18.1x202320242025
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 22.4x which is higher than its 3-year average PE of 18.1x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 7.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.6% 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 Market0.68%
Telecom2.56%
Consumer Staples2.48%
Energy2.19%
Utilities1.52%
Materials1.36%
Real Estate1.13%
Tech0.62%
Healthcare0.59%
Financials-0.26%
Industrials-0.66%
Consumer Discretionary-1.00%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 248x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.1%, which is higher than its past year's earnings growth of 15.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 2.5% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 6.8% 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
CNQ Canadian Natural ResourcesCA$40.526.0%
+CA$4.8b
-23.0%PE13.9xEnergy
IMO Imperial OilCA$94.1010.7%
+CA$4.6b
-2.5%PE10xEnergy
TD Toronto-Dominion BankCA$85.602.4%
+CA$3.6b
6.3%PB1.3xFinancials
ATD Alimentation Couche-TardCA$73.295.3%
+CA$3.5b
-5.8%PE19.4xConsumer Staples
RY Royal Bank of CanadaCA$163.031.4%
+CA$3.1b
19.5%PB1.9xFinancials
See more
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Market Insights

Markets are currently dealing with the upheaval of tariffs. But, beyond the uncertainty and potential cost of those tariffs, markets are facing a few very big macro issues...

Latest News

TD

CA$84.18

Toronto-Dominion Bank

7D

1.2%

1Y

4.9%

BAM

CA$65.43

Brookfield Asset Management

7D

-2.4%

1Y

22.3%

MFC

CA$39.32

Manulife Financial

7D

-1.6%

1Y

22.3%

CP

CA$101.18

Canadian Pacific Kansas City

7D

-1.4%

1Y

-14.6%

CNQ

CA$39.62

Canadian Natural Resources

7D

4.3%

1Y

-24.7%

SU

CA$47.81

Suncor Energy

7D

2.9%

1Y

-10.7%

CCO

CA$54.81

Cameco

7D

-4.3%

1Y

-15.4%