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Canadian (TSX) Market Analysis & Valuation

UpdatedOct 08, 2024
DataAggregated Company Financials
Companies2389
  • 7D0.2%
  • 3M8.1%
  • 1Y23.1%
  • YTD14.8%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 6.0%. As for the longer term, the market has risen 23% 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
Tue, 08 Oct 2024CA$3.9tCA$2.1tCA$167.7b15.4x23x1.8x
Thu, 05 Sep 2024CA$3.7tCA$2.1tCA$167.6b15.1x22x1.8x
Sat, 03 Aug 2024CA$3.7tCA$2.1tCA$167.7b13.8x21.8x1.8x
Mon, 01 Jul 2024CA$3.5tCA$2.1tCA$166.5b14.1x21.2x1.7x
Wed, 29 May 2024CA$3.6tCA$2.0tCA$165.8b14.2x21.9x1.8x
Fri, 26 Apr 2024CA$3.5tCA$2.1tCA$173.1b13.9x20.3x1.7x
Sun, 24 Mar 2024CA$3.5tCA$2.0tCA$173.6b13.6x20.2x1.7x
Tue, 20 Feb 2024CA$3.4tCA$2.1tCA$177.5b13.4x19.2x1.6x
Thu, 18 Jan 2024CA$3.3tCA$2.1tCA$173.4b12.7x19.2x1.6x
Sat, 16 Dec 2023CA$3.3tCA$2.1tCA$172.9b12.4x19.3x1.6x
Mon, 13 Nov 2023CA$3.2tCA$2.1tCA$177.6b11.8x17.8x1.5x
Wed, 11 Oct 2023CA$3.2tCA$2.1tCA$185.0b11.5x17.1x1.5x
Fri, 08 Sep 2023CA$3.3tCA$2.1tCA$184.8b11.3x17.6x1.5x
Sun, 06 Aug 2023CA$3.3tCA$2.1tCA$185.4b11.8x17.7x1.6x
Tue, 04 Jul 2023CA$3.2tCA$2.1tCA$200.2b11x16.2x1.5x
Thu, 01 Jun 2023CA$3.2tCA$2.1tCA$200.4b11.2x16x1.5x
Sat, 29 Apr 2023CA$3.4tCA$2.1tCA$214.7b11.1x15.7x1.6x
Mon, 27 Mar 2023CA$3.1tCA$2.1tCA$214.7b10.5x14.6x1.5x
Wed, 22 Feb 2023CA$3.3tCA$2.1tCA$236.8b10.9x14x1.6x
Fri, 20 Jan 2023CA$3.4tCA$2.1tCA$245.4b10.7x13.7x1.6x
Sun, 18 Dec 2022CA$3.2tCA$2.0tCA$243.6b10.4x13.2x1.6x
Tue, 15 Nov 2022CA$3.3tCA$2.0tCA$240.0b10.4x13.7x1.6x
Thu, 13 Oct 2022CA$3.1tCA$2.1tCA$241.3b9.5x12.8x1.5x
Sat, 10 Sep 2022CA$3.3tCA$2.1tCA$239.0b10.6x14x1.6x
Mon, 08 Aug 2022CA$3.3tCA$2.0tCA$237.2b10.2x13.8x1.7x
Wed, 06 Jul 2022CA$3.1tCA$2.0tCA$231.8b10.1x13.5x1.6x
Fri, 03 Jun 2022CA$3.4tCA$1.9tCA$227.7b11.8x15x1.8x
Sun, 01 May 2022CA$3.5tCA$1.9tCA$216.4b12.2x16.1x1.8x
Tue, 29 Mar 2022CA$3.7tCA$1.9tCA$212.4b13.1x17.4x2x
Thu, 24 Feb 2022CA$3.5tCA$1.8tCA$199.1b13x17.7x1.9x
Sat, 22 Jan 2022CA$3.4tCA$1.8tCA$188.6b12.8x18.2x1.9x
Mon, 20 Dec 2021CA$3.4tCA$1.8tCA$189.3b12.2x17.9x1.9x
Wed, 17 Nov 2021CA$3.5tCA$1.8tCA$187.8b13.1x18.9x2x
Fri, 15 Oct 2021CA$3.4tCA$1.7tCA$169.1b13.6x20x2x
Price to Earnings Ratio

20x


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 7.7% 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 Market0.22%
Energy6.03%
Materials0.13%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.21%
Consumer Discretionary-0.73%
Tech-0.97%
Industrials-1.68%
Healthcare-2.20%
Consumer Staples-2.26%
Telecom-2.62%
Real Estate-3.30%
Utilities-3.68%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 186x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 31.1% 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 53% 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$49.8110.9%
+CA$10.4b		18.7%PE13.7xEnergy
SU Suncor EnergyCA$55.1710.5%
+CA$6.6b		25.3%PE9.3xEnergy
IMO Imperial OilCA$107.9813.5%
+CA$6.2b		37.8%PE10.7xEnergy
CVE Cenovus EnergyCA$25.0010.5%
+CA$4.4b		-5.7%PE9.7xEnergy
TOU Tourmaline OilCA$66.816.4%
+CA$2.7b		-1.3%PE16.8xEnergy
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Market Insights

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🏦 Making Sense of the Financial Sector - Part 1

Richard Bowman avatar
Richard Bowman
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5 comments

In last week’s third-quarter review, we mentioned that financial sector stocks are showing signs of life and beginning to outperform. In the era of ‘easy money’, cloud computing, and AI, the financial sector has taken a back seat for a lot of investors...

Continue reading

🎢 Another Eventful 3 Months - The Sectors That Excelled In Q3
Last Week

🎢 Another Eventful 3 Months - The Sectors That Excelled In Q3

Latest News

CNQ

CA$49.61

Canadian Natural Resources

7D

5.7%

1Y

12.1%

CCO

CA$70.40

Cameco

7D

7.3%

1Y

37.3%

Cameco Corporation (TSE:CCO) Stocks Shoot Up 40% But Its P/S Still Looks Reasonable

Oct 06
Cameco Corporation (TSE:CCO) Stocks Shoot Up 40% But Its P/S Still Looks Reasonable

CVE

CA$25.00

Cenovus Energy

7D

10.5%

1Y

-5.7%

Is Now The Time To Put Cenovus Energy (TSE:CVE) On Your Watchlist?

Oct 05
Is Now The Time To Put Cenovus Energy (TSE:CVE) On Your Watchlist?

CNR

CA$154.96

Canadian National Railway

7D

-1.9%

1Y

4.9%

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$55.66

Enbridge

7D

1.3%

1Y

28.0%

H

CA$43.84

Hydro One

7D

-6.5%

1Y

26.0%

IMO

CA$105.31

Imperial Oil

7D

6.0%

1Y

28.5%

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)

CP

CA$110.01

Canadian Pacific Kansas City

7D

-3.1%

1Y

11.2%

TD

CA$86.93

Toronto-Dominion Bank

7D

1.6%

1Y

8.9%

TRP

CA$60.95

TC Energy

7D

-6.6%

1Y

29.9%

CM

CA$81.52

Canadian Imperial Bank of Commerce

7D

-1.7%

1Y

59.6%

MFC

CA$40.72

Manulife Financial

7D

2.2%

1Y

62.2%

TRI

CA$225.51

Thomson Reuters

7D

-2.2%

1Y

32.0%

CSU

CA$4,335.34

Constellation Software

7D

-1.5%

1Y

50.7%

BNS

CA$71.88

Bank of Nova Scotia

7D

-2.5%

1Y

21.0%

SU

CA$55.17

Suncor Energy

7D

10.5%

1Y

25.3%

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