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Canadian (TSX) Market Analysis & Valuation

UpdatedSep 26, 2024
DataAggregated Company Financials
Companies2392
  • 7D1.1%
  • 3M7.6%
  • 1Y20.6%
  • YTD13.9%

The market has climbed 1.1% in the last 7 days, lead by the Materials sector with a gain of 3.8%. As for the past 12 months, the market is up 21%. 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, 27 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.3x22.8x1.8x
Sun, 25 Aug 2024CA$3.7tCA$2.1tCA$166.6b15.2x22.3x1.8x
Tue, 23 Jul 2024CA$3.6tCA$2.1tCA$167.8b14.3x21.7x1.8x
Thu, 20 Jun 2024CA$3.5tCA$2.1tCA$167.4b14x20.7x1.7x
Sat, 18 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.7x1.8x
Mon, 15 Apr 2024CA$3.5tCA$2.1tCA$174.6b14.1x20.2x1.7x
Wed, 13 Mar 2024CA$3.5tCA$2.1tCA$173.3b13.8x20.1x1.7x
Fri, 09 Feb 2024CA$3.4tCA$2.1tCA$174.6b12.9x19.2x1.6x
Sun, 07 Jan 2024CA$3.4tCA$2.1tCA$173.2b13x19.5x1.6x
Tue, 05 Dec 2023CA$3.3tCA$2.1tCA$172.0b12.2x19x1.6x
Thu, 02 Nov 2023CA$3.1tCA$2.1tCA$184.5b11.5x16.6x1.5x
Sat, 30 Sep 2023CA$3.2tCA$2.1tCA$185.1b11.5x17.2x1.5x
Mon, 28 Aug 2023CA$3.2tCA$2.1tCA$184.9b11.5x17.4x1.5x
Wed, 26 Jul 2023CA$3.3tCA$2.1tCA$200.1b11.8x16.6x1.6x
Fri, 23 Jun 2023CA$3.2tCA$2.1tCA$200.8b11x15.9x1.5x
Sun, 21 May 2023CA$3.3tCA$2.1tCA$206.3b11.1x15.9x1.5x
Tue, 18 Apr 2023CA$3.4tCA$2.1tCA$217.4b10.8x15.5x1.6x
Thu, 16 Mar 2023CA$3.2tCA$2.1tCA$220.0b10.6x14.4x1.5x
Sat, 11 Feb 2023CA$3.4tCA$2.0tCA$244.7b11.1x13.8x1.7x
Mon, 09 Jan 2023CA$3.3tCA$2.1tCA$245.4b10.6x13.3x1.6x
Wed, 07 Dec 2022CA$3.3tCA$2.1tCA$243.9b10.7x13.6x1.6x
Fri, 04 Nov 2022CA$3.2tCA$2.0tCA$235.5b9.9x13.5x1.6x
Sun, 02 Oct 2022CA$3.1tCA$2.1tCA$241.1b9.6x13x1.5x
Tue, 30 Aug 2022CA$3.3tCA$2.0tCA$236.1b10.6x14x1.7x
Thu, 28 Jul 2022CA$3.2tCA$2.0tCA$231.4b10.4x13.9x1.6x
Sat, 25 Jun 2022CA$3.1tCA$1.9tCA$231.3b10.6x13.6x1.6x
Mon, 23 May 2022CA$3.4tCA$1.9tCA$226.9b11.4x15x1.7x
Wed, 20 Apr 2022CA$3.7tCA$1.9tCA$212.2b12.8x17.4x2x
Fri, 18 Mar 2022CA$3.6tCA$1.9tCA$213.4b12.9x16.9x1.9x
Sun, 13 Feb 2022CA$3.6tCA$1.8tCA$197.7b13.1x18.2x2x
Tue, 11 Jan 2022CA$3.5tCA$1.8tCA$189.0b12.9x18.4x2x
Thu, 09 Dec 2021CA$3.4tCA$1.8tCA$189.0b12.1x18.1x1.9x
Sat, 06 Nov 2021CA$3.5tCA$1.7tCA$179.8b13.3x19.4x2x
Mon, 04 Oct 2021CA$3.3tCA$1.7tCA$170.0b12.7x19.4x2x
Price to Earnings Ratio

19.4x


Total Market Cap: CA$3.3tTotal Earnings: CA$170.0bTotal Revenue: CA$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.2x202220232024
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 22.8x which is higher than its 3-year average PE of 17.2x.
Past Earnings Growth
  • The earnings for Canadian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.4% 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 Market1.14%
Materials3.81%
Tech1.59%
Energy1.27%
Financials1.03%
Utilities0.85%
Consumer Staples0.70%
Consumer Discretionary0.40%
Real Estate0.38%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-0.13%
Healthcare-0.38%
Telecom-1.58%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 182x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 31.3% 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 54% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Utilities 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
CCO CamecoCA$64.7516.2%
+CA$3.9b		16.6%PE109.6xEnergy
TRP TC EnergyCA$64.555.8%
+CA$3.7b		38.2%PE19.5xEnergy
TECK.B Teck ResourcesCA$71.948.3%
+CA$2.9b		25.5%PE25.5xMaterials
L Loblaw CompaniesCA$178.144.4%
+CA$2.3b		54.5%PE26.1xConsumer Staples
BNS Bank of Nova ScotiaCA$73.822.5%
+CA$2.2b		19.1%PB1.1xFinancials
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🎢 Another Eventful 3 Months - The Sectors That Excelled In Q3

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It’s the end of another quarter, and it’s been an eventful one, too. In fact, we’ve had a bit of everything during the quarter: Increased volatility...

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🌍 Global Diversification And Home Country Bias
Last Week

🌍 Global Diversification And Home Country Bias

Latest News

TRP

CA$64.55

TC Energy

7D

5.8%

1Y

38.2%

TFII

CA$192.62

TFI International

7D

-5.3%

1Y

10.3%

BNS

CA$73.82

Bank of Nova Scotia

7D

2.5%

1Y

19.1%

BN

CA$71.98

Brookfield

7D

1.7%

1Y

66.3%

ABX

CA$28.32

Barrick Gold

7D

3.2%

1Y

44.0%

Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?

Sep 24
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IVN

CA$20.31

Ivanhoe Mines

7D

6.3%

1Y

78.2%

TD

CA$85.33

Toronto-Dominion Bank

7D

-2.3%

1Y

4.1%

CP

CA$115.46

Canadian Pacific Kansas City

7D

-2.0%

1Y

14.6%

ARX

CA$21.78

ARC Resources

7D

-5.7%

1Y

0.2%

SU

CA$49.18

Suncor Energy

7D

-3.8%

1Y

3.5%

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

Sep 17
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CNR

CA$157.30

Canadian National Railway

7D

-2.5%

1Y

6.3%

Canadian National Railway (TSX:CNR) Faces Labor Challenges Despite Strong Q2 Growth and Strategic Opportunities

Sep 17
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CCO

CA$64.75

Cameco

7D

16.2%

1Y

16.6%

L

CA$178.14

Loblaw Companies

7D

4.4%

1Y

54.5%

CVE

CA$21.95

Cenovus Energy

7D

-6.0%

1Y

-22.9%

CNQ

CA$43.97

Canadian Natural Resources

7D

-4.0%

1Y

-1.5%

TECK.B

CA$71.94

Teck Resources

7D

8.3%

1Y

25.5%