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Canadian (TSX) Market Analysis & Valuation

UpdatedOct 03, 2025
DataAggregated Company Financials
Companies2220
  • 7D1.0%
  • 3M9.7%
  • 1Y22.0%
  • YTD19.4%

The market is up 1.0% over the last week, with the Materials sector leading the way, up 4.3%. In the last year, the market has climbed 22%. As for the next few years, earnings are expected to grow by 11% 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
Fri, 03 Oct 2025CA$4.7tCA$2.2tCA$209.3b16.6x22.5x2.2x
Sun, 31 Aug 2025CA$4.5tCA$2.1tCA$207.8b16x21.7x2.1x
Tue, 29 Jul 2025CA$4.4tCA$2.1tCA$191.2b16.4x22.9x2.1x
Thu, 26 Jun 2025CA$4.2tCA$2.1tCA$191.8b15.4x22.1x2x
Sat, 24 May 2025CA$4.1tCA$2.1tCA$190.5b14.8x21.4x1.9x
Mon, 21 Apr 2025CA$3.9tCA$2.1tCA$173.0b14.7x22.4x1.8x
Wed, 19 Mar 2025CA$3.9tCA$2.1tCA$174.3b14.8x22.6x1.8x
Fri, 14 Feb 2025CA$4.0tCA$2.1tCA$172.3b14.9x23.5x1.9x
Sun, 12 Jan 2025CA$3.9tCA$2.1tCA$171.3b14.5x22.5x1.8x
Tue, 10 Dec 2024CA$4.0tCA$2.1tCA$169.2b14.8x23.6x1.9x
Thu, 07 Nov 2024CA$3.9tCA$2.1tCA$169.4b15x22.9x1.8x
Sat, 05 Oct 2024CA$3.8tCA$2.1tCA$167.4b15.4x22.8x1.8x
Mon, 02 Sep 2024CA$3.7tCA$2.1tCA$167.6b15.4x22.3x1.8x
Wed, 31 Jul 2024CA$3.7tCA$2.1tCA$168.0b14.2x21.8x1.8x
Fri, 28 Jun 2024CA$3.5tCA$2.1tCA$166.5b14.1x21.1x1.7x
Sun, 26 May 2024CA$3.6tCA$2.0tCA$166.4b14.2x21.8x1.8x
Tue, 23 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.8x20.1x1.7x
Thu, 21 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.2x1.7x
Sat, 17 Feb 2024CA$3.4tCA$2.1tCA$175.2b13.1x19.4x1.6x
Mon, 15 Jan 2024CA$3.4tCA$2.1tCA$173.1b12.9x19.5x1.6x
Wed, 13 Dec 2023CA$3.2tCA$2.1tCA$172.5b12.1x18.8x1.6x
Fri, 10 Nov 2023CA$3.1tCA$2.1tCA$178.5b11.8x17.6x1.5x
Sun, 08 Oct 2023CA$3.1tCA$2.1tCA$185.3b11.2x16.9x1.5x
Tue, 05 Sep 2023CA$3.3tCA$2.1tCA$184.7b11.8x17.9x1.6x
Thu, 03 Aug 2023CA$3.3tCA$2.1tCA$192.0b12x17x1.6x
Sat, 01 Jul 2023CA$3.2tCA$2.1tCA$200.0b11x16.2x1.5x
Mon, 29 May 2023CA$3.2tCA$2.1tCA$200.4b11.2x16.1x1.5x
Wed, 26 Apr 2023CA$3.3tCA$2.1tCA$218.3b10.6x15.3x1.6x
Fri, 24 Mar 2023CA$3.1tCA$2.1tCA$213.7b10.6x14.6x1.5x
Sun, 19 Feb 2023CA$3.4tCA$2.1tCA$236.6b11x14.2x1.6x
Tue, 17 Jan 2023CA$3.4tCA$2.1tCA$245.2b11x13.7x1.6x
Thu, 15 Dec 2022CA$3.3tCA$2.1tCA$243.8b10.4x13.4x1.6x
Sat, 12 Nov 2022CA$3.3tCA$2.0tCA$241.4b10.3x13.7x1.6x
Mon, 10 Oct 2022CA$3.2tCA$2.1tCA$240.9b9.7x13.1x1.5x
Price to Earnings Ratio

13.1x


Total Market Cap: CA$3.2tTotal Earnings: CA$240.9bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 19.3x202320242025
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 22.5x which is higher than its 3-year average PE of 19.3x.
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 Market1.04%
Healthcare9.31%
Materials4.30%
Utilities2.18%
Tech1.26%
Consumer Discretionary1.24%
Consumer Staples1.02%
Telecom0.97%
Financials0.73%
Industrials0.52%
Real Estate0.16%
Energy-1.91%
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 20.3%, 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 54% 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 4.3% 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
CSU Constellation SoftwareCA$4.03k10.1%
+CA$7.8b		-7.4%PE95.5xTech
CP Canadian Pacific Kansas CityCA$108.275.7%
+CA$5.3b		-3.1%PE23.8xIndustrials
TD Toronto-Dominion BankCA$113.262.6%
+CA$5.0b		30.9%PB1.6xFinancials
CNR Canadian National RailwayCA$134.493.9%
+CA$3.2b		-12.7%PE18.4xIndustrials
MFC Manulife FinancialCA$44.573.9%
+CA$2.8b		8.6%PE13.9xFinancials
See more

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CNQ
CA$44.40
Canadian Natural Resources
7D
-2.6%
1Y
-7.9%
TD
CA$113.26
Toronto-Dominion Bank
7D
2.6%
1Y
30.9%
TRI
CA$213.48
Thomson Reuters
7D
-2.4%
1Y
-5.2%
CP
CA$108.27
Canadian Pacific Kansas City
7D
5.7%
1Y
-3.1%
FM
CA$32.34
First Quantum Minerals
7D
11.1%
1Y
72.3%
IMO
CA$125.49
Imperial Oil
7D
-3.4%
1Y
19.8%
ABX
CA$47.37
Barrick Mining
7D
-1.4%
1Y
73.7%
CSU
CA$4,029.53
Constellation Software
7D
10.1%
1Y
-7.4%
TRP
CA$76.89
TC Energy
7D
3.3%
1Y
25.6%
CLS
CA$326.12
Celestica
7D
-4.0%
1Y
346.2%

Advanced AI Networking And Regional Manufacturing Will Expand Market Opportunity

Celestica’s analyst price target has increased materially, primarily driven by sharply higher future P/E and upgraded revenue growth forecasts, resulting in a fair value revision from CA$311.34 to CA$362.34. What's in the News Celestica added to FTSE All-World Index.
BMO
CA$180.02
Bank of Montreal
7D
-1.1%
1Y
44.8%
CNR
CA$134.49
Canadian National Railway
7D
3.9%
1Y
-12.7%
ATD
CA$74.79
Alimentation Couche-Tard
7D
3.0%
1Y
1.1%
SU
CA$57.70
Suncor Energy
7D
-2.8%
1Y
6.4%
CVE
CA$23.67
Cenovus Energy
7D
-4.4%
1Y
-4.6%
MFC
CA$44.57
Manulife Financial
7D
3.9%
1Y
8.6%