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Canadian (TSX) Market Analysis & Valuation

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies2199
  • 7D1.8%
  • 3M11.4%
  • 1Y35.7%
  • YTD8.8%

The market has climbed 1.8% in the last 7 days, lead by the Materials sector with a gain of 8.6%. In the last year, the market has climbed 36%. Earnings are forecast to grow by 12% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Mar 2026CA$5.4tCA$2.1tCA$238.8b17.6x22.6x2.5x
Tue, 27 Jan 2026CA$5.2tCA$2.1tCA$224.5b17.4x23.2x2.4x
Thu, 25 Dec 2025CA$5.0tCA$2.1tCA$224.3b16.5x22.1x2.3x
Sat, 22 Nov 2025CA$4.7tCA$2.1tCA$224.5b16x20.7x2.2x
Mon, 20 Oct 2025CA$4.7tCA$2.2tCA$209.5b16.6x22.5x2.2x
Wed, 17 Sep 2025CA$4.6tCA$2.1tCA$208.6b16.4x22.2x2.2x
Fri, 15 Aug 2025CA$4.4tCA$2.1tCA$201.1b15.7x21.8x2.1x
Sun, 13 Jul 2025CA$4.3tCA$2.1tCA$191.7b16.1x22.4x2x
Tue, 10 Jun 2025CA$4.3tCA$2.1tCA$191.8b15.4x22.2x2x
Thu, 08 May 2025CA$4.0tCA$2.1tCA$176.5b15x22.6x1.9x
Sat, 05 Apr 2025CA$3.9tCA$2.1tCA$173.9b14x22.4x1.8x
Mon, 03 Mar 2025CA$4.0tCA$2.1tCA$172.6b15x23.3x1.9x
Wed, 29 Jan 2025CA$3.9tCA$2.1tCA$171.3b15x22.9x1.8x
Fri, 27 Dec 2024CA$3.9tCA$2.1tCA$169.2b14x22.9x1.8x
Sun, 24 Nov 2024CA$4.0tCA$2.1tCA$166.9b14.5x23.8x1.9x
Tue, 22 Oct 2024CA$4.0tCA$2.1tCA$168.2b15.4x23.5x1.9x
Thu, 19 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.1x22.6x1.8x
Sat, 17 Aug 2024CA$3.7tCA$2.1tCA$170.2b14.6x21.6x1.8x
Mon, 15 Jul 2024CA$3.6tCA$2.0tCA$166.7b14x21.9x1.8x
Wed, 12 Jun 2024CA$3.6tCA$2.1tCA$167.4b14.4x21.3x1.7x
Fri, 10 May 2024CA$3.6tCA$2.1tCA$171.1b14.2x21x1.8x
Sun, 07 Apr 2024CA$3.6tCA$2.0tCA$174.3b14.1x20.5x1.7x
Tue, 05 Mar 2024CA$3.4tCA$2.1tCA$176.7b13.7x19.5x1.7x
Thu, 01 Feb 2024CA$3.4tCA$2.1tCA$173.8b12.9x19.7x1.6x
Sat, 30 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.3x19.5x1.6x
Mon, 27 Nov 2023CA$3.2tCA$2.1tCA$179.1b11.8x18x1.5x
Wed, 25 Oct 2023CA$3.1tCA$2.1tCA$185.2b11x16.7x1.5x
Fri, 22 Sep 2023CA$3.2tCA$2.1tCA$184.4b11.8x17.4x1.5x
Sun, 20 Aug 2023CA$3.2tCA$2.1tCA$185.8b11.5x17.3x1.5x
Tue, 18 Jul 2023CA$3.3tCA$2.1tCA$199.8b11.3x16.3x1.5x
Thu, 15 Jun 2023CA$3.2tCA$2.1tCA$199.8b11.1x16.2x1.5x
Sat, 13 May 2023CA$3.3tCA$2.1tCA$207.0b11.1x15.9x1.5x
Mon, 10 Apr 2023CA$3.3tCA$2.1tCA$217.9b10.6x15.2x1.6x
Wed, 08 Mar 2023CA$3.3tCA$2.1tCA$221.6b10.9x15.1x1.6x
Price to Earnings Ratio

15.1x


Total Market Cap: CA$3.3tTotal Earnings: CA$221.6bTotal Revenue: CA$2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 20.5x202420252026
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 20.5x.
Past Earnings Growth
  • The earnings for Canadian listed companies have grown 2.5% 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 Market1.82%
Materials8.55%
Industrials2.71%
Telecom2.65%
Utilities1.94%
Healthcare1.30%
Real Estate1.02%
Energy0.98%
Consumer Discretionary-0.094%
Tech-0.76%
Financials-1.51%
Consumer Staples-1.73%
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 23.2%, which is higher than its past year's earnings growth of 17.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings growth rate of 19% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 8.8% 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
TRI Thomson ReutersCA$131.3315.2%
+CA$7.7b		-49.2%PE29xIndustrials
WPM Wheaton Precious MetalsCA$222.278.1%
+CA$7.5b		122.5%PE73.9xMaterials
ABX Barrick MiningCA$69.215.5%
+CA$6.0b		169.7%PE17xMaterials
K Kinross GoldCA$50.4210.2%
+CA$5.6b		225.3%PE18.6xMaterials
LUG Lundin GoldCA$128.5718.9%
+CA$4.9b		222.6%PE28.8xMaterials
See more

Market Insights

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LUG
CA$128.57
Lundin Gold
7D
18.9%
1Y
222.6%
RY
CA$228.07
Royal Bank of Canada
7D
-3.4%
1Y
33.4%
NA
CA$190.37
National Bank of Canada
7D
6.5%
1Y
58.1%
L
CA$63.22
Loblaw Companies
7D
-6.0%
1Y
33.5%
BMO
CA$196.31
Bank of Montreal
7D
-1.7%
1Y
32.0%
BAM
CA$63.69
Brookfield Asset Management
7D
-8.0%
1Y
-22.1%
BNS
CA$103.48
Bank of Nova Scotia
7D
-2.1%
1Y
44.1%
MFC
CA$48.57
Manulife Financial
7D
-3.2%
1Y
7.8%
IMO
CA$159.55
Imperial Oil
7D
-3.3%
1Y
62.7%
TRI
CA$131.33
Thomson Reuters
7D
15.2%
1Y
-49.2%
ABX
CA$69.21
Barrick Mining
7D
5.5%
1Y
169.7%
K
CA$50.42
Kinross Gold
7D
10.2%
1Y
225.3%
ENB
CA$72.47
Enbridge
7D
2.7%
1Y
17.2%
FNV
CA$381.24
Franco-Nevada
7D
7.0%
1Y
84.6%
WPM
CA$222.27
Wheaton Precious Metals
7D
8.1%
1Y
122.5%

WPM: Fair Value Case Balances Higher Metal Assumptions And Execution Risks

The analyst price target for Wheaton Precious Metals has been raised by CA$19.86. Analysts cite refreshed valuation work that incorporates updated revenue growth, profit margin and P/E assumptions reflected in recent target increases from firms such as Stifel, CIBC, UBS, Scotiabank, Canaccord and BofA.
BN
CA$59.82
Brookfield
7D
-5.0%
1Y
7.2%