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Canadian (TSX) Market Analysis & Valuation

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies2195
  • 7D-1.9%
  • 3M2.2%
  • 1Y31.1%
  • YTD8.0%

Over the last 7 days, the market has dropped 1.9%, driven by a decline of 11% in the Materials sector. On the other hand, the Energy has risen by 3.2%. As for the longer term, the market has actually risen by 31% in the last 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
Wed, 20 May 2026CA$5.4tCA$2.2tCA$246.2b16.3x21.9x2.4x
Fri, 17 Apr 2026CA$5.4tCA$2.2tCA$241.1b16.9x22.3x2.5x
Sun, 15 Mar 2026CA$5.1tCA$2.1tCA$240.6b16.1x21.3x2.4x
Tue, 10 Feb 2026CA$5.1tCA$2.1tCA$226.5b17.6x22.6x2.4x
Thu, 08 Jan 2026CA$5.0tCA$2.1tCA$224.8b16.4x22.4x2.4x
Sat, 06 Dec 2025CA$4.9tCA$2.1tCA$225.9b16.1x21.6x2.3x
Mon, 03 Nov 2025CA$4.7tCA$2.2tCA$215.5b16.3x21.8x2.2x
Wed, 01 Oct 2025CA$4.7tCA$2.1tCA$209.2b16.5x22.4x2.2x
Fri, 29 Aug 2025CA$4.5tCA$2.1tCA$203.9b16.1x22x2.1x
Sun, 27 Jul 2025CA$4.4tCA$2.1tCA$191.1b16.4x22.9x2.1x
Tue, 24 Jun 2025CA$4.3tCA$2.1tCA$191.9b15.4x22.2x2x
Thu, 22 May 2025CA$4.1tCA$2.1tCA$183.1b14.7x22.5x2x
Sat, 19 Apr 2025CA$3.9tCA$2.1tCA$173.0b14.7x22.4x1.8x
Mon, 17 Mar 2025CA$3.9tCA$2.1tCA$174.3b14.9x22.4x1.8x
Wed, 12 Feb 2025CA$4.1tCA$2.1tCA$168.8b14.7x24.1x1.9x
Fri, 10 Jan 2025CA$3.9tCA$2.1tCA$171.0b14.7x22.8x1.8x
Sun, 08 Dec 2024CA$4.0tCA$2.1tCA$169.1b14.7x23.6x1.9x
Tue, 05 Nov 2024CA$3.9tCA$2.1tCA$168.7b14.7x22.9x1.8x
Thu, 03 Oct 2024CA$3.8tCA$2.1tCA$167.7b15.3x22.9x1.8x
Sat, 31 Aug 2024CA$3.7tCA$2.1tCA$167.7b15.3x22.2x1.8x
Mon, 29 Jul 2024CA$3.7tCA$2.1tCA$167.8b14.2x21.9x1.8x
Wed, 26 Jun 2024CA$3.5tCA$2.0tCA$166.8b14x21.1x1.7x
Fri, 24 May 2024CA$3.6tCA$2.1tCA$167.2b14.2x21.7x1.8x
Sun, 21 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.8x20.1x1.7x
Tue, 19 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.1x1.7x
Thu, 15 Feb 2024CA$3.3tCA$2.1tCA$179.2b13x18.5x1.6x
Sat, 13 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.9x19.5x1.6x
Mon, 11 Dec 2023CA$3.3tCA$2.1tCA$172.5b12.2x18.9x1.6x
Wed, 08 Nov 2023CA$3.2tCA$2.1tCA$179.7b11.8x17.7x1.5x
Fri, 06 Oct 2023CA$3.1tCA$2.1tCA$185.5b11.2x16.8x1.5x
Sun, 03 Sep 2023CA$3.3tCA$2.1tCA$184.8b11.8x17.9x1.6x
Tue, 01 Aug 2023CA$3.3tCA$2.1tCA$191.2b12.1x17.4x1.6x
Thu, 29 Jun 2023CA$3.2tCA$2.1tCA$200.2b11.1x16x1.5x
Sat, 27 May 2023CA$3.2tCA$2.1tCA$200.4b11x16.1x1.5x
Price to Earnings Ratio

16.1x


Total Market Cap: CA$3.2tTotal Earnings: CA$200.4bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 21x202420252026
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 21.0x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 7.1% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-1.95%
Energy3.18%
Consumer Staples0.75%
Tech0.59%
Telecom0.58%
Financials0.077%
Utilities0.025%
Industrials-0.12%
Real Estate-1.19%
Consumer Discretionary-4.13%
Healthcare-4.92%
Materials-11.37%
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 23.1%, which is higher than its past year's earnings growth of 2.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 50% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Telecom sector is expected to see its earnings decline by 8.1% 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$67.955.7%
+CA$7.7b		59.0%PE14.6xEnergy
CSU Constellation SoftwareCA$2.73k13.5%
+CA$6.9b		-46.0%PE56.6xTech
ENB EnbridgeCA$78.224.0%
+CA$6.6b		23.2%PE26.5xEnergy
SU Suncor EnergyCA$95.815.1%
+CA$5.5b		95.4%PE17.9xEnergy
CVE Cenovus EnergyCA$43.706.4%
+CA$4.9b		136.5%PE17.7xEnergy
See more

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