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Canadian (TSX) Market Analysis & Valuation

UpdatedMay 12, 2025
DataAggregated Company Financials
Companies2283
  • 7D2.1%
  • 3M0.5%
  • 1Y11.4%
  • YTD2.7%

Over the last 7 days, the market has risen 2.1%, driven by gains of 4.8% in the Materials sector. The market is up 11% over the last 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 May 2025CA$4.1tCA$2.1tCA$180.0b14.7x22.6x1.9x
Wed, 09 Apr 2025CA$3.7tCA$2.1tCA$173.9b13.7x21x1.7x
Fri, 07 Mar 2025CA$3.9tCA$2.1tCA$173.2b14.8x22.8x1.8x
Sun, 02 Feb 2025CA$3.9tCA$2.1tCA$170.8b14.6x23.1x1.8x
Tue, 31 Dec 2024CA$3.9tCA$2.1tCA$169.1b14x22.9x1.8x
Thu, 28 Nov 2024CA$4.0tCA$2.1tCA$166.3b14.8x23.8x1.9x
Sat, 26 Oct 2024CA$3.9tCA$2.1tCA$168.1b15.3x23.3x1.8x
Mon, 23 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.2x22.7x1.8x
Wed, 21 Aug 2024CA$3.7tCA$2.1tCA$169.9b14.6x21.8x1.8x
Fri, 19 Jul 2024CA$3.7tCA$2.1tCA$167.6b14x21.9x1.8x
Sun, 16 Jun 2024CA$3.5tCA$2.1tCA$167.4b14x20.8x1.7x
Tue, 14 May 2024CA$3.6tCA$2.0tCA$167.9b14.1x21.5x1.8x
Thu, 11 Apr 2024CA$3.6tCA$2.1tCA$174.4b13.9x20.6x1.8x
Sat, 09 Mar 2024CA$3.5tCA$2.1tCA$173.0b14x20.1x1.7x
Mon, 05 Feb 2024CA$3.4tCA$2.1tCA$170.5b13x19.9x1.6x
Wed, 03 Jan 2024CA$3.4tCA$2.1tCA$173.0b13x19.5x1.6x
Fri, 01 Dec 2023CA$3.2tCA$2.1tCA$176.5b12.3x18.3x1.6x
Sun, 29 Oct 2023CA$3.1tCA$2.1tCA$184.9b11.3x16.6x1.5x
Tue, 26 Sep 2023CA$3.2tCA$2.1tCA$184.3b11.7x17.5x1.5x
Thu, 24 Aug 2023CA$3.2tCA$2.1tCA$185.2b11.4x17.4x1.5x
Sat, 22 Jul 2023CA$3.3tCA$2.1tCA$200.2b11.7x16.5x1.6x
Mon, 19 Jun 2023CA$3.2tCA$2.1tCA$200.2b11.3x16.1x1.5x
Wed, 17 May 2023CA$3.3tCA$2.2tCA$205.9b10.9x15.9x1.5x
Fri, 14 Apr 2023CA$3.4tCA$2.1tCA$217.3b10.7x15.5x1.6x
Sun, 12 Mar 2023CA$3.3tCA$2.1tCA$220.6b10.7x14.7x1.5x
Tue, 07 Feb 2023CA$3.4tCA$2.1tCA$246.6b11.1x13.7x1.6x
Thu, 05 Jan 2023CA$3.2tCA$2.1tCA$245.6b10.7x13.1x1.6x
Sat, 03 Dec 2022CA$3.4tCA$2.1tCA$243.2b10.9x14x1.6x
Mon, 31 Oct 2022CA$3.2tCA$2.0tCA$235.4b10x13.7x1.6x
Wed, 28 Sep 2022CA$3.1tCA$2.1tCA$240.9b9.5x12.8x1.5x
Fri, 26 Aug 2022CA$3.4tCA$2.0tCA$235.8b10.6x14.2x1.7x
Sun, 24 Jul 2022CA$3.2tCA$2.0tCA$230.8b10.4x13.7x1.6x
Tue, 21 Jun 2022CA$3.2tCA$2.0tCA$231.7b10.8x13.9x1.6x
Thu, 19 May 2022CA$3.4tCA$1.9tCA$227.1b11.6x15.1x1.8x
Price to Earnings Ratio

15.1x


Total Market Cap: CA$3.4tTotal Earnings: CA$227.1bTotal Revenue: CA$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 18.3x202320242025
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 18.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 7.4% 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 Market2.10%
Telecom5.32%
Materials4.76%
Consumer Discretionary3.20%
Energy3.02%
Tech2.64%
Industrials2.00%
Financials1.26%
Real Estate0.77%
Utilities0.36%
Healthcare-1.65%
Consumer Staples-1.74%
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 21.3%, which is lower than the prior year's growth of 29.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 37% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.5% 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
CNQ Canadian Natural ResourcesCA$42.5310.0%
+CA$7.8b
-18.6%PE11.7xEnergy
BAM Brookfield Asset ManagementCA$78.545.4%
+CA$6.4b
45.2%PE133.6xFinancials
BN BrookfieldCA$78.964.6%
+CA$5.8b
31.3%PE209.4xFinancials
CVE Cenovus EnergyCA$18.4514.5%
+CA$4.1b
-33.9%PE12xEnergy
IMO Imperial OilCA$99.266.2%
+CA$3.0b
4.3%PE10.3xEnergy
See more
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Market Insights

The time has come. The G.O.A.T. is retiring. Warren Buffett’s decision to step down as CEO of Berkshire Hathaway marks the end of an era - 60 years, to be precise.

Latest News

CNQ

CA$42.53

Canadian Natural Resources

7D

10.0%

1Y

-18.6%

MFC

CA$42.88

Manulife Financial

7D

-0.9%

1Y

22.0%

BN

CA$78.96

Brookfield

7D

4.6%

1Y

31.3%

CVE

CA$18.45

Cenovus Energy

7D

14.5%

1Y

-33.9%

CCO

CA$70.70

Cameco

7D

10.3%

1Y

5.6%

LUG

CA$67.79

Lundin Gold

7D

20.3%

1Y

247.1%

H

CA$51.05

Hydro One

7D

-2.6%

1Y

25.6%

PPL

CA$51.65

Pembina Pipeline

7D

-4.0%

1Y

2.5%

IFC

CA$298.04

Intact Financial

7D

-2.9%

1Y

31.0%

TRP

CA$68.84

TC Energy

7D

-2.1%

1Y

30.4%

L

CA$218.17

Loblaw Companies

7D

-3.9%

1Y

40.1%

BAM

CA$78.54

Brookfield Asset Management

7D

5.4%

1Y

45.2%

DOL

CA$166.14

Dollarama

7D

-2.8%

1Y

38.0%

BMO

CA$138.72

Bank of Montreal

7D

2.7%

1Y

7.9%