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Canadian (TSX) Market Analysis & Valuation

UpdatedAug 10, 2024
DataAggregated Company Financials
Companies2406
  • 7D-0.4%
  • 3M-1.3%
  • 1Y8.0%
  • YTD6.9%

The market has been flat in the last week, however the Materials sector is down 3.4%. As for the longer term, the market has risen 8.0% in the past 12 months. Looking forward, 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
Sun, 11 Aug 2024CA$3.6tCA$2.1tCA$167.9b13.9x21.2x1.7x
Tue, 09 Jul 2024CA$3.5tCA$2.0tCA$166.7b14x21.3x1.7x
Thu, 06 Jun 2024CA$3.6tCA$2.0tCA$167.3b14.3x21.3x1.7x
Sat, 04 May 2024CA$3.5tCA$2.1tCA$170.9b14x20.5x1.7x
Mon, 01 Apr 2024CA$3.6tCA$2.0tCA$173.4b14x20.5x1.7x
Wed, 28 Feb 2024CA$3.4tCA$2.1tCA$172.6b13.8x19.8x1.7x
Fri, 26 Jan 2024CA$3.4tCA$2.1tCA$174.0b12.9x19.5x1.6x
Sun, 24 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.2x19.5x1.6x
Tue, 21 Nov 2023CA$3.2tCA$2.1tCA$179.8b12x18x1.6x
Thu, 19 Oct 2023CA$3.2tCA$2.1tCA$185.3b11.6x17x1.5x
Sat, 16 Sep 2023CA$3.3tCA$2.1tCA$184.5b12x17.8x1.6x
Mon, 14 Aug 2023CA$3.3tCA$2.1tCA$187.8b11.7x17.6x1.6x
Wed, 12 Jul 2023CA$3.2tCA$2.1tCA$200.2b11.3x16.1x1.5x
Fri, 09 Jun 2023CA$3.2tCA$2.1tCA$199.7b11.1x16.2x1.5x
Sun, 07 May 2023CA$3.3tCA$2.1tCA$209.9b11.2x15.8x1.6x
Tue, 04 Apr 2023CA$3.3tCA$2.1tCA$217.5b10.6x15.2x1.6x
Thu, 02 Mar 2023CA$3.3tCA$2.1tCA$226.7b10.9x14.7x1.6x
Sat, 28 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.9x13.9x1.6x
Mon, 26 Dec 2022CA$3.2tCA$2.1tCA$245.9b10.4x13.1x1.6x
Wed, 23 Nov 2022CA$3.3tCA$2.1tCA$239.0b10.4x14x1.6x
Fri, 21 Oct 2022CA$3.1tCA$2.1tCA$240.9b9.6x13x1.5x
Sun, 18 Sep 2022CA$3.3tCA$2.1tCA$239.8b10.3x13.7x1.6x
Tue, 16 Aug 2022CA$3.4tCA$2.0tCA$236.7b10.6x14.2x1.7x
Thu, 14 Jul 2022CA$3.1tCA$2.0tCA$231.4b10.1x13.4x1.6x
Sat, 11 Jun 2022CA$3.4tCA$1.9tCA$230.8b11.7x14.8x1.8x
Mon, 09 May 2022CA$3.5tCA$1.9tCA$221.1b11.9x15.7x1.8x
Wed, 06 Apr 2022CA$3.7tCA$1.9tCA$211.6b12.8x17.3x2x
Fri, 04 Mar 2022CA$3.6tCA$1.8tCA$209.9b13.1x17x1.9x
Sun, 30 Jan 2022CA$3.4tCA$1.8tCA$189.9b12.5x18.1x1.9x
Tue, 28 Dec 2021CA$3.5tCA$1.8tCA$189.4b12.6x18.3x1.9x
Thu, 25 Nov 2021CA$3.5tCA$1.8tCA$188.9b12.8x18.5x2x
Sat, 23 Oct 2021CA$3.5tCA$1.7tCA$169.6b13.5x20.5x2.1x
Mon, 20 Sep 2021CA$3.3tCA$1.7tCA$168.9b12.8x19.8x2x
Wed, 18 Aug 2021CA$3.2tCA$1.7tCA$167.5b12.5x19.4x1.9x
Price to Earnings Ratio

19.4x


Total Market Cap: CA$3.2tTotal Earnings: CA$167.5bTotal 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 21.2x 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 7.3% 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 Market-0.42%
Energy2.29%
Telecom0.71%
Healthcare0.51%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.01%
Tech-0.29%
Real Estate-0.40%
Utilities-0.63%
Industrials-1.42%
Consumer Discretionary-1.60%
Consumer Staples-1.94%
Materials-3.44%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 164x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.5% which is higher than its past year's earnings decline of 1.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.6% 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
SU Suncor EnergyCA$54.487.0%
+CA$4.2b		27.7%PE9.2xEnergy
CNQ Canadian Natural ResourcesCA$47.823.4%
+CA$3.3b		14.9%PE13.2xEnergy
IMO Imperial OilCA$99.365.1%
+CA$2.6b		33.2%PE10.1xEnergy
ENB EnbridgeCA$53.361.4%
+CA$1.6b		8.1%PE21xEnergy
TRI Thomson ReutersCA$221.721.6%
+CA$1.6b		24.8%PE31.2xIndustrials
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SU

CA$54.48

Suncor Energy

7D

7.0%

1Y

27.7%

NTR

CA$63.16

Nutrien

7D

-4.9%

1Y

-29.4%

WPM

CA$76.65

Wheaton Precious Metals

7D

-4.2%

1Y

25.9%

BN

CA$61.70

Brookfield

7D

-1.9%

1Y

33.5%

FNV

CA$166.23

Franco-Nevada

7D

-4.1%

1Y

-13.4%

Unpleasant Surprises Could Be In Store For Franco-Nevada Corporation's (TSE:FNV) Shares

Aug 09
Unpleasant Surprises Could Be In Store For Franco-Nevada Corporation's (TSE:FNV) Shares

ABX

CA$23.91

Barrick Gold

7D

-3.7%

1Y

5.2%

We Like These Underlying Return On Capital Trends At Barrick Gold (TSE:ABX)

Aug 09
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ENB

CA$53.36

Enbridge

7D

1.4%

1Y

8.1%

IMO

CA$99.36

Imperial Oil

7D

5.1%

1Y

33.2%

Imperial Oil Limited Just Beat EPS By 5.9%: Here's What Analysts Think Will Happen Next

Aug 08
Imperial Oil Limited Just Beat EPS By 5.9%: Here's What Analysts Think Will Happen Next

IAG

CA$99.23

iA Financial

7D

10.5%

1Y

12.1%

TRI

CA$221.72

Thomson Reuters

7D

1.6%

1Y

24.8%

CP

CA$106.85

Canadian Pacific Kansas City

7D

-2.2%

1Y

-2.1%

ATD

CA$79.89

Alimentation Couche-Tard

7D

-2.3%

1Y

14.6%

CNQ

CA$47.82

Canadian Natural Resources

7D

3.4%

1Y

14.9%

CVE

CA$25.28

Cenovus Energy

7D

1.9%

1Y

-5.0%

CNR

CA$152.21

Canadian National Railway

7D

-2.3%

1Y

-3.2%

RY

CA$149.84

Royal Bank of Canada

7D

0.6%

1Y

17.5%