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Canadian (TSX) Market Analysis & Valuation

UpdatedMay 01, 2025
DataAggregated Company Financials
Companies2302
  • 7D1.6%
  • 3M-2.8%
  • 1Y12.3%
  • YTD0.05%

Over the last 7 days, the market has risen 2.0%, driven by gains of 3.8% in the Financials sector. As for the past 12 months, the market is up 12%. As for the next few years, earnings are expected to grow by 17% 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
Thu, 01 May 2025CA$4.0tCA$2.1tCA$173.8b14.9x22.8x1.9x
Sat, 29 Mar 2025CA$4.0tCA$2.1tCA$173.8b15.1x23x1.9x
Mon, 24 Feb 2025CA$4.0tCA$2.1tCA$169.1b14.8x23.6x1.9x
Wed, 22 Jan 2025CA$3.9tCA$2.1tCA$171.1b14.3x22.9x1.8x
Fri, 20 Dec 2024CA$3.8tCA$2.1tCA$169.5b13.8x22.6x1.8x
Sun, 17 Nov 2024CA$3.9tCA$2.1tCA$167.6b14.5x23.2x1.8x
Tue, 15 Oct 2024CA$3.9tCA$2.1tCA$168.0b15.7x23.2x1.8x
Thu, 12 Sep 2024CA$3.7tCA$2.1tCA$167.4b15x22.1x1.8x
Sat, 10 Aug 2024CA$3.6tCA$2.1tCA$167.9b13.9x21.2x1.7x
Mon, 08 Jul 2024CA$3.5tCA$2.0tCA$166.7b13.9x21.3x1.7x
Wed, 05 Jun 2024CA$3.6tCA$2.0tCA$167.4b14.1x21.4x1.7x
Fri, 03 May 2024CA$3.5tCA$2.1tCA$173.0b13.9x20.2x1.7x
Sun, 31 Mar 2024CA$3.6tCA$2.0tCA$173.4b14x20.5x1.7x
Tue, 27 Feb 2024CA$3.4tCA$2.1tCA$170.9b13.8x20x1.7x
Thu, 25 Jan 2024CA$3.4tCA$2.1tCA$174.1b12.8x19.4x1.6x
Sat, 23 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.2x19.5x1.6x
Mon, 20 Nov 2023CA$3.2tCA$2.1tCA$179.8b12x18x1.6x
Wed, 18 Oct 2023CA$3.2tCA$2.1tCA$185.1b11.7x17.2x1.5x
Fri, 15 Sep 2023CA$3.3tCA$2.1tCA$184.5b12x17.8x1.6x
Sun, 13 Aug 2023CA$3.3tCA$2.1tCA$187.6b11.7x17.7x1.6x
Tue, 11 Jul 2023CA$3.2tCA$2.1tCA$200.3b11.1x16x1.5x
Thu, 08 Jun 2023CA$3.2tCA$2.1tCA$199.9b11.2x16.2x1.5x
Sat, 06 May 2023CA$3.3tCA$2.1tCA$209.7b11.2x15.8x1.6x
Mon, 03 Apr 2023CA$3.3tCA$2.1tCA$217.2b10.6x15.2x1.6x
Wed, 01 Mar 2023CA$3.3tCA$2.1tCA$228.8b10.9x14.5x1.6x
Fri, 27 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.9x13.8x1.6x
Sun, 25 Dec 2022CA$3.2tCA$2.1tCA$245.9b10.4x13.1x1.6x
Tue, 22 Nov 2022CA$3.3tCA$2.1tCA$238.7b10.3x13.8x1.6x
Thu, 20 Oct 2022CA$3.2tCA$2.1tCA$241.2b9.6x13.1x1.5x
Sat, 17 Sep 2022CA$3.3tCA$2.1tCA$239.8b10.3x13.7x1.6x
Mon, 15 Aug 2022CA$3.4tCA$2.0tCA$236.3b10.7x14.2x1.7x
Wed, 13 Jul 2022CA$3.1tCA$2.0tCA$231.6b10x13.4x1.6x
Fri, 10 Jun 2022CA$3.5tCA$1.9tCA$230.3b11.9x15x1.8x
Sun, 08 May 2022CA$3.5tCA$1.9tCA$221.2b11.9x15.7x1.8x
Price to Earnings Ratio

15.7x


Total Market Cap: CA$3.5tTotal Earnings: CA$221.2bTotal Revenue: CA$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 18.2x202320242025
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 22.8x which is higher than its 3-year average PE of 18.2x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 7.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 Market1.58%
Healthcare9.99%
Tech2.92%
Financials2.79%
Utilities2.62%
Consumer Staples1.64%
Real Estate1.63%
Telecom1.29%
Consumer Discretionary1.17%
Materials0.64%
Industrials0.11%
Energy0.095%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (26.3%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 48% 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 7.2% 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
BAM Brookfield Asset ManagementCA$73.564.8%
+CA$5.4b		40.0%PE159.2xFinancials
BN BrookfieldCA$74.064.6%
+CA$4.9b		31.4%PE170.2xFinancials
CSU Constellation SoftwareCA$4.97k4.2%
+CA$4.2b		37.4%PE104.5xTech
TD Toronto-Dominion BankCA$88.092.8%
+CA$4.2b		9.1%PB1.3xFinancials
CM Canadian Imperial Bank of CommerceCA$86.954.1%
+CA$3.2b		34.8%PB1.4xFinancials
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CA$165.47

Royal Bank of Canada

7D

1.2%

1Y

23.5%

TECK.B

CA$46.85

Teck Resources

7D

-3.1%

1Y

-29.7%

ENB

CA$64.47

Enbridge

7D

1.8%

1Y

31.6%

CVE

CA$16.23

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1Y

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CNQ

CA$39.56

Canadian Natural Resources

7D

-1.6%

1Y

-23.2%

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BN

CA$74.06

Brookfield

7D

4.6%

1Y

31.4%

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TD

CA$88.09

Toronto-Dominion Bank

7D

2.8%

1Y

9.1%

BAM

CA$73.56

Brookfield Asset Management

7D

4.8%

1Y

40.0%

CSU

CA$4,968.35

Constellation Software

7D

4.2%

1Y

37.4%

CP

CA$100.13

Canadian Pacific Kansas City

7D

-1.1%

1Y

-6.2%

TOU

CA$60.90

Tourmaline Oil

7D

-2.9%

1Y

-7.4%

CNR

CA$133.51

Canadian National Railway

7D

-1.6%

1Y

-19.8%

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WSP

CA$244.36

WSP Global

7D

-2.1%

1Y

16.7%

L

CA$223.80

Loblaw Companies

7D

3.8%

1Y

46.4%

ATD

CA$71.96

Alimentation Couche-Tard

7D

-1.6%

1Y

-5.0%

CM

CA$86.95

Canadian Imperial Bank of Commerce

7D

4.1%

1Y

34.8%