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Canadian (TSX) Market Analysis & Valuation

UpdatedOct 11, 2024
DataAggregated Company Financials
Companies2392
  • 7D1.0%
  • 3M5.8%
  • 1Y22.3%
  • YTD15.5%

The market is up 1.0% over the last week, with the Energy sector leading the way, up 3.0%. In the last year, the market has climbed 22%. As for the next few years, earnings are expected to grow by 15% 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, 11 Oct 2024CA$3.9tCA$2.1tCA$167.9b15.6x23x1.8x
Sun, 08 Sep 2024CA$3.6tCA$2.1tCA$167.4b14.8x21.8x1.7x
Tue, 06 Aug 2024CA$3.6tCA$2.1tCA$167.2b13.8x21.4x1.7x
Thu, 04 Jul 2024CA$3.5tCA$2.0tCA$166.4b14.1x21.2x1.7x
Sat, 01 Jun 2024CA$3.6tCA$2.0tCA$166.1b14.4x21.5x1.7x
Mon, 29 Apr 2024CA$3.5tCA$2.1tCA$173.1b13.9x20.4x1.7x
Wed, 27 Mar 2024CA$3.5tCA$2.0tCA$174.3b13.8x20.1x1.7x
Fri, 23 Feb 2024CA$3.4tCA$2.1tCA$172.4b14x19.8x1.6x
Sun, 21 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.9x19.4x1.6x
Tue, 19 Dec 2023CA$3.3tCA$2.1tCA$173.1b12.7x19.1x1.6x
Thu, 16 Nov 2023CA$3.2tCA$2.1tCA$179.9b12x17.9x1.6x
Sat, 14 Oct 2023CA$3.2tCA$2.1tCA$185.2b11.5x17.1x1.5x
Mon, 11 Sep 2023CA$3.2tCA$2.1tCA$184.9b11.7x17.5x1.5x
Wed, 09 Aug 2023CA$3.3tCA$2.1tCA$185.0b11.8x17.8x1.6x
Fri, 07 Jul 2023CA$3.2tCA$2.1tCA$200.6b11.3x16x1.5x
Sun, 04 Jun 2023CA$3.2tCA$2.1tCA$200.0b11.1x16.2x1.5x
Tue, 02 May 2023CA$3.4tCA$2.1tCA$215.8b11.2x15.6x1.6x
Thu, 30 Mar 2023CA$3.3tCA$2.1tCA$218.7b10.5x14.9x1.5x
Sat, 25 Feb 2023CA$3.3tCA$2.1tCA$235.4b10.8x14.1x1.6x
Mon, 23 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.7x13.8x1.6x
Wed, 21 Dec 2022CA$3.2tCA$2.1tCA$243.3b10.2x13x1.5x
Fri, 18 Nov 2022CA$3.3tCA$2.1tCA$238.6b10.3x13.7x1.6x
Sun, 16 Oct 2022CA$3.1tCA$2.1tCA$241.6b9.5x12.9x1.5x
Tue, 13 Sep 2022CA$3.4tCA$2.1tCA$238.7b10.7x14.2x1.6x
Thu, 11 Aug 2022CA$3.3tCA$2.0tCA$239.6b10.4x13.8x1.7x
Sat, 09 Jul 2022CA$3.2tCA$2.0tCA$231.4b10.3x13.7x1.6x
Mon, 06 Jun 2022CA$3.5tCA$1.9tCA$230.2b11.8x15.2x1.8x
Wed, 04 May 2022CA$3.5tCA$1.9tCA$215.4b12.1x16.3x1.8x
Fri, 01 Apr 2022CA$3.7tCA$1.9tCA$212.2b13.1x17.5x2x
Sun, 27 Feb 2022CA$3.5tCA$1.8tCA$207.1b13.1x17.1x1.9x
Tue, 25 Jan 2022CA$3.4tCA$1.8tCA$189.2b12.6x18.1x1.9x
Thu, 23 Dec 2021CA$3.4tCA$1.8tCA$189.7b12.4x18.1x1.9x
Sat, 20 Nov 2021CA$3.5tCA$1.8tCA$188.7b13x18.7x2x
Mon, 18 Oct 2021CA$3.4tCA$1.7tCA$169.1b13.4x20.3x2x
Price to Earnings Ratio

20.3x


Total Market Cap: CA$3.4tTotal Earnings: CA$169.1bTotal Revenue: CA$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.3x202220232024
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 23.0x which is higher than its 3-year average PE of 17.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.8% 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 Market1.02%
Energy2.97%
Materials1.44%
Tech1.35%
Industrials1.33%
Financials0.62%
Consumer Discretionary0.59%
Consumer Staples0.55%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Healthcare-0.79%
Telecom-0.96%
Real Estate-1.49%
Utilities-2.36%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 187x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.3% which is higher than its past year's earnings decline of 2.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Utilities industry is expected to see its earnings growth to stay flat 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$51.477.6%
+CA$7.5b		15.0%PE14.2xEnergy
RY Royal Bank of CanadaCA$167.031.5%
+CA$3.5b		44.6%PB2.1xFinancials
BN BrookfieldCA$72.932.4%
+CA$2.6b		64.0%PE90.5xFinancials
SU Suncor EnergyCA$55.633.8%
+CA$2.6b		19.9%PE9.3xEnergy
MFC Manulife FinancialCA$41.383.0%
+CA$2.1b		63.8%PE17.2xFinancials
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Market Insights

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💵 Making Sense of the Financial Sector - Part 2

Richard Bowman avatar
Richard Bowman
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Last week’s newsletter was part 1 of an introduction to the financial sector, and specifically banks and companies in the capital markets space. This week we are having a look at...

Continue reading

🏦 Making Sense of the Financial Sector - Part 1
Last Week

🏦 Making Sense of the Financial Sector - Part 1

Latest News

CNQ

CA$51.47

Canadian Natural Resources

7D

7.6%

1Y

15.0%

RY

CA$167.03

Royal Bank of Canada

7D

1.5%

1Y

44.6%

CNR

CA$158.27

Canadian National Railway

7D

2.2%

1Y

7.3%

A Look At The Fair Value Of Canadian National Railway Company (TSE:CNR)

Oct 05
A Look At The Fair Value Of Canadian National Railway Company (TSE:CNR)

ENB

CA$56.21

Enbridge

7D

1.7%

1Y

26.2%

H

CA$44.10

Hydro One

7D

-1.8%

1Y

22.7%

BEPC

CA$40.76

Brookfield Renewable

7D

-4.9%

1Y

26.7%

IMO

CA$108.01

Imperial Oil

7D

4.6%

1Y

29.9%

We Like These Underlying Return On Capital Trends At Imperial Oil (TSE:IMO)

Oct 04
We Like These Underlying Return On Capital Trends At Imperial Oil (TSE:IMO)

FTS

CA$59.30

Fortis

7D

-2.6%

1Y

8.1%

We Think Fortis (TSE:FTS) Is Taking Some Risk With Its Debt

Oct 03
We Think Fortis (TSE:FTS) Is Taking Some Risk With Its Debt

BN

CA$72.93

Brookfield

7D

2.4%

1Y

64.0%

TD

CA$81.76

Toronto-Dominion Bank

7D

-4.7%

1Y

1.1%

MFC

CA$41.38

Manulife Financial

7D

3.0%

1Y

63.8%

EMA

CA$50.86

Emera

7D

-3.3%

1Y

8.0%

Does Emera (TSE:EMA) Have A Healthy Balance Sheet?

Sep 26
Does Emera (TSE:EMA) Have A Healthy Balance Sheet?

FM

CA$17.71

First Quantum Minerals

7D

-4.5%

1Y

-42.6%

BCE

CA$45.16

BCE

7D

-1.6%

1Y

-12.9%

SU

CA$55.63

Suncor Energy

7D

3.8%

1Y

19.9%

Suncor Energy (TSX:SU) Reports Record Refining Throughput and Dividend While Navigating Market Pressures

Sep 17
Suncor Energy (TSX:SU) Reports Record Refining Throughput and Dividend While Navigating Market Pressures

QSP.UN

CA$96.11

Restaurant Brands International Limited Partnership

7D

-1.9%

1Y

11.8%