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Canadian (TSX) Market Analysis & Valuation

UpdatedJun 25, 2024
DataAggregated Company Financials
Companies2449
  • 7D1.2%
  • 3M0.6%
  • 1Y11.3%
  • YTD5.4%

Over the last 7 days, the market has risen 1.2%, driven by gains of 2.6% in the Energy sector. The market is up 11% over the last 12 months. Earnings are forecast to grow by 15% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Jun 2024CA$3.5tCA$2.0tCA$166.8b14.1x20.8x1.7x
Thu, 23 May 2024CA$3.7tCA$2.0tCA$167.1b14.1x21.9x1.8x
Sat, 20 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.9x20x1.7x
Mon, 18 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.2x1.7x
Wed, 14 Feb 2024CA$3.3tCA$2.1tCA$177.1b13x18.7x1.6x
Fri, 12 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.8x19.5x1.6x
Sun, 10 Dec 2023CA$3.3tCA$2.1tCA$172.3b12.2x18.9x1.6x
Tue, 07 Nov 2023CA$3.2tCA$2.1tCA$179.6b12x17.8x1.5x
Thu, 05 Oct 2023CA$3.1tCA$2.1tCA$185.5b11.2x16.8x1.5x
Sat, 02 Sep 2023CA$3.3tCA$2.1tCA$184.9b11.8x17.9x1.6x
Mon, 31 Jul 2023CA$3.3tCA$2.1tCA$191.3b11.9x17.3x1.6x
Wed, 28 Jun 2023CA$3.1tCA$2.1tCA$191.7b11.2x16.2x1.5x
Fri, 26 May 2023CA$3.2tCA$2.1tCA$205.6b11x15.7x1.5x
Sun, 23 Apr 2023CA$3.4tCA$2.1tCA$217.9b10.8x15.5x1.6x
Tue, 21 Mar 2023CA$3.1tCA$2.1tCA$211.3b10.6x14.7x1.5x
Thu, 16 Feb 2023CA$3.4tCA$2.1tCA$235.5b11x14.4x1.6x
Sat, 14 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.8x13.7x1.6x
Mon, 12 Dec 2022CA$3.3tCA$2.1tCA$244.0b10.7x13.5x1.6x
Wed, 09 Nov 2022CA$3.2tCA$2.0tCA$241.5b10x13.3x1.6x
Fri, 07 Oct 2022CA$3.2tCA$2.1tCA$241.0b9.9x13.3x1.5x
Sun, 04 Sep 2022CA$3.2tCA$2.0tCA$235.5b10.3x13.7x1.6x
Tue, 02 Aug 2022CA$3.3tCA$2.0tCA$231.5b10.7x14.2x1.7x
Thu, 30 Jun 2022CA$3.2tCA$2.0tCA$231.3b10.7x13.8x1.6x
Sat, 28 May 2022CA$3.4tCA$1.9tCA$227.9b11.8x15x1.8x
Mon, 25 Apr 2022CA$3.6tCA$1.9tCA$212.4b12.5x16.8x1.9x
Wed, 23 Mar 2022CA$3.7tCA$1.9tCA$212.3b12.9x17.4x2x
Fri, 18 Feb 2022CA$3.6tCA$1.8tCA$200.4b12.8x17.8x1.9x
Sun, 16 Jan 2022CA$3.5tCA$1.8tCA$188.8b13.1x18.7x2x
Tue, 14 Dec 2021CA$3.4tCA$1.8tCA$189.5b12.1x17.8x1.9x
Thu, 11 Nov 2021CA$3.5tCA$1.7tCA$185.1b13.2x19.1x2x
Sat, 09 Oct 2021CA$3.3tCA$1.7tCA$169.4b13.1x19.8x2x
Mon, 06 Sep 2021CA$3.4tCA$1.7tCA$167.9b12.9x20.1x2x
Wed, 04 Aug 2021CA$3.2tCA$1.7tCA$167.5b12.9x19.4x1.9x
Price to Earnings Ratio

20.1x


Total Market Cap: CA$3.2tTotal Earnings: CA$161.3bTotal Revenue: CA$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.1x202220232024
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 20.8x which is higher than its 3-year average PE of 17.1x.
Past Earnings Growth
  • The earnings for Canadian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.2% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market1.20%
Energy2.56%
Healthcare2.22%
Materials1.92%
Consumer Staples1.58%
Financials1.18%
Telecom1.07%
Real Estate0.96%
Utilities0.71%
Consumer Discretionary0.35%
Industrials-0.37%
Tech-0.61%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 149x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.4% which is higher than its past year's earnings decline of 17.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 74% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 6.3% 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
CNQ Canadian Natural ResourcesCA$48.735.4%
+CA$5.3b		35.5%PE14.1xEnergy
RY Royal Bank of CanadaCA$145.102.0%
+CA$4.0b		17.4%PB1.8xFinancials
IMO Imperial OilCA$93.956.1%
+CA$2.9b		42.7%PE10.4xEnergy
CVE Cenovus EnergyCA$26.315.0%
+CA$2.3b		21.0%PE10.6xEnergy
SU Suncor EnergyCA$51.773.6%
+CA$2.1b		35.6%PE8.4xEnergy
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Richard Bowman
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5 comments

Over the past few weeks we had a look at the healthcare sector which has underperformed over the last two years. Another underperforming group of stocks...

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CSU

CA$3,848.34

Constellation Software

7D

2.0%

1Y

45.2%

TRI

CA$225.74

Thomson Reuters

7D

-1.6%

1Y

26.9%

RY

CA$145.10

Royal Bank of Canada

7D

2.0%

1Y

17.4%

CCO

CA$68.89

Cameco

7D

-2.1%

1Y

75.0%

DEFI

CA$1.45

DeFi Technologies

7D

-53.2%

1Y

1,426.3%

TD

CA$75.41

Toronto-Dominion Bank

7D

2.1%

1Y

-4.9%

CVE

CA$26.31

Cenovus Energy

7D

5.0%

1Y

21.0%

QSP.UN

CA$93.32

Restaurant Brands International Limited Partnership

7D

-1.4%

1Y

-5.6%

CLS

CA$72.86

Celestica

7D

-6.9%

1Y

291.3%

BNS

CA$62.84

Bank of Nova Scotia

7D

-1.3%

1Y

-1.9%

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Jun 14
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IMO

CA$93.95

Imperial Oil

7D

6.1%

1Y

42.7%

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CNQ

CA$48.73

Canadian Natural Resources

7D

5.4%

1Y

35.5%

FM

CA$18.18

First Quantum Minerals

7D

12.3%

1Y

-42.7%

CNR

CA$161.58

Canadian National Railway

7D

-2.5%

1Y

3.4%

SU

CA$51.77

Suncor Energy

7D

3.6%

1Y

35.6%

LMN

CA$36.07

Lumine Group

7D

-5.1%

1Y

111.9%