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Canadian (TSX) Market Analysis & Valuation

UpdatedOct 13, 2025
DataAggregated Company Financials
Companies2215
  • 7D-1.5%
  • 3M8.0%
  • 1Y18.8%
  • YTD18.4%

Over the last 7 days, the market has dropped 1.5%, driven by a pullback of 2.0% in the Financials sector. In contrast to the last week, the market is actually up 19% over the past year. 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, 13 Oct 2025CA$4.7tCA$2.2tCA$209.4b16.4x22.3x2.2x
Wed, 10 Sep 2025CA$4.6tCA$2.1tCA$208.6b16.5x21.9x2.1x
Fri, 08 Aug 2025CA$4.4tCA$2.1tCA$195.9b16.2x22.3x2x
Sun, 06 Jul 2025CA$4.3tCA$2.1tCA$191.5b15.9x22.5x2x
Tue, 03 Jun 2025CA$4.2tCA$2.1tCA$191.9b15.3x21.7x2x
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
Price to Earnings Ratio

13.1x


Total Market Cap: CA$3.2tTotal Earnings: CA$241.2bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.4x202320242025
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 22.3x which is higher than its 3-year average PE of 19.4x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 4.6% 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 Market-1.54%
Utilities1.38%
Telecom1.09%
Tech-0.042%
Consumer Staples-0.21%
Materials-0.87%
Industrials-1.54%
Financials-2.00%
Energy-2.38%
Healthcare-2.58%
Real Estate-3.13%
Consumer Discretionary-3.66%
Sector PE
  • Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 20.4%, which is lower than the prior year's growth of 23.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings decline of 5.5% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 4.5% 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
L Loblaw CompaniesCA$56.505.4%
+CA$3.4b		27.4%PE27.3xConsumer Staples
CLS CelesticaCA$341.624.0%
+CA$1.5b		293.8%PE52.1xTech
RCI.B Rogers CommunicationsCA$51.505.5%
+CA$1.4b		-1.9%PE18.3xTelecom
EFR Energy FuelsCA$28.3722.9%
+CA$1.2b		273.8%PS71.8xEnergy
BCE BCECA$33.463.5%
+CA$1.1b		-26.4%PE72.1xTelecom
See more

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TMQ
CA$8.42
Trilogy Metals
7D
187.4%
1Y
1,120.3%
CCO
CA$121.35
Cameco
7D
2.0%
1Y
71.8%

Global Nuclear Demand Will Secure Long-Term Value

The analyst price target for Cameco has been raised from $116.94 to $119.88 per share. Analysts cite improved revenue growth forecasts, increased profit margins, and a slightly lower discount rate as key drivers for the upward adjustment.
EFR
CA$28.37
Energy Fuels
7D
20.5%
1Y
273.8%

Pinyon Plain Uranium And Rare Earth Production Will Unlock Value

Analysts have raised their price target for Energy Fuels from $20.85 to $22.35. They cite sustained bullish option activity and heightened implied volatility as key drivers of renewed confidence in the stock's outlook.
BN
CA$60.29
Brookfield
7D
-4.8%
1Y
22.7%
CLS
CA$341.62
Celestica
7D
4.0%
1Y
293.8%
SU
CA$55.28
Suncor Energy
7D
-4.6%
1Y
-0.6%

Cost Reductions And Oil Sands Risks Will Shape Future Prospects

Analysts have raised their price target for Suncor Energy, increasing the estimate from approximately C$61.58 to C$62.32. They cite resilient energy equities and updates to financial forecasts as key factors driving this change.
BMO
CA$175.98
Bank of Montreal
7D
-2.5%
1Y
38.0%
BAM
CA$77.11
Brookfield Asset Management
7D
-4.3%
1Y
15.3%
TD
CA$109.78
Toronto-Dominion Bank
7D
-3.1%
1Y
39.9%
FNV
CA$286.16
Franco-Nevada
7D
-7.5%
1Y
68.3%
ENB
CA$66.77
Enbridge
7D
-3.8%
1Y
18.1%
BCE
CA$33.46
BCE
7D
3.5%
1Y
-26.4%
RCI.B
CA$51.50
Rogers Communications
7D
5.5%
1Y
-1.9%
POW
CA$62.29
Power Corporation of Canada
7D
2.6%
1Y
41.0%
L
CA$56.50
Loblaw Companies
7D
5.4%
1Y
27.4%

Loblaw Companies (TSE:L) Has Affirmed Its Dividend Of CA$0.1411

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RY
CA$201.20
Royal Bank of Canada
7D
-1.9%
1Y
18.1%