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Canadian (TSX) Market Analysis & Valuation

UpdatedAug 29, 2024
DataAggregated Company Financials
Companies2406
  • 7D0.2%
  • 3M3.2%
  • 1Y12.6%
  • YTD10.7%

In the last week, the market has been flat, with a notable exception in the Healthcare sector dropping 7.9%. Meanwhile, the market is actually up 13% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Aug 2024CA$3.7tCA$2.1tCA$166.5b14.9x22.4x1.8x
Sat, 27 Jul 2024CA$3.6tCA$2.1tCA$167.8b14.2x21.7x1.8x
Mon, 24 Jun 2024CA$3.5tCA$2.1tCA$166.9b14.1x20.8x1.7x
Wed, 22 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.8x1.8x
Fri, 19 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.9x20x1.7x
Sun, 17 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.2x1.7x
Tue, 13 Feb 2024CA$3.4tCA$2.1tCA$176.8b13.3x19x1.6x
Thu, 11 Jan 2024CA$3.4tCA$2.1tCA$173.3b13x19.5x1.6x
Sat, 09 Dec 2023CA$3.3tCA$2.1tCA$172.3b12.2x18.9x1.6x
Mon, 06 Nov 2023CA$3.2tCA$2.1tCA$180.7b12.1x17.7x1.5x
Wed, 04 Oct 2023CA$3.1tCA$2.1tCA$185.4b11.3x16.8x1.5x
Fri, 01 Sep 2023CA$3.3tCA$2.1tCA$184.6b11.8x17.7x1.5x
Sun, 30 Jul 2023CA$3.3tCA$2.1tCA$191.2b11.9x17.2x1.6x
Tue, 27 Jun 2023CA$3.2tCA$2.1tCA$200.0b11x15.8x1.5x
Thu, 25 May 2023CA$3.2tCA$2.1tCA$205.6b11x15.7x1.5x
Sat, 22 Apr 2023CA$3.4tCA$2.1tCA$217.9b10.8x15.5x1.6x
Mon, 20 Mar 2023CA$3.1tCA$2.1tCA$211.2b10.7x14.5x1.5x
Wed, 15 Feb 2023CA$3.4tCA$2.1tCA$237.5b10.9x14.3x1.6x
Fri, 13 Jan 2023CA$3.3tCA$2.1tCA$245.1b10.9x13.6x1.6x
Sun, 11 Dec 2022CA$3.3tCA$2.1tCA$244.0b10.7x13.5x1.6x
Tue, 08 Nov 2022CA$3.2tCA$2.0tCA$241.5b10x13.3x1.6x
Thu, 06 Oct 2022CA$3.2tCA$2.1tCA$240.8b9.9x13.5x1.5x
Sat, 03 Sep 2022CA$3.2tCA$2.0tCA$235.6b10.3x13.7x1.6x
Mon, 01 Aug 2022CA$3.3tCA$2.0tCA$230.9b10.7x14.3x1.7x
Wed, 29 Jun 2022CA$3.2tCA$1.9tCA$231.4b10.8x13.9x1.7x
Fri, 27 May 2022CA$3.4tCA$1.9tCA$227.3b11.5x15x1.8x
Sun, 24 Apr 2022CA$3.6tCA$1.9tCA$212.4b12.5x16.8x1.9x
Tue, 22 Mar 2022CA$3.7tCA$1.9tCA$212.1b12.9x17.4x2x
Thu, 17 Feb 2022CA$3.6tCA$1.8tCA$197.0b13x18x2x
Sat, 15 Jan 2022CA$3.5tCA$1.8tCA$188.8b13.1x18.7x2x
Mon, 13 Dec 2021CA$3.4tCA$1.8tCA$189.1b12.2x17.9x1.9x
Wed, 10 Nov 2021CA$3.5tCA$1.7tCA$184.8b13.3x19.1x2x
Fri, 08 Oct 2021CA$3.3tCA$1.7tCA$169.6b12.8x19.7x2x
Sun, 05 Sep 2021CA$3.3tCA$1.7tCA$167.5b13.2x20x2x
Price to Earnings Ratio

20x


Total Market Cap: CA$3.3tTotal Earnings: CA$167.5bTotal 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 22.4x 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 7.6% 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 Market0.19%
Real Estate2.65%
Financials1.40%
Industrials1.04%
Utilities0.76%
Energy0.46%
Telecom0.29%
Consumer Discretionary0.14%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.27%
Tech-1.56%
Materials-2.91%
Healthcare-7.93%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 171x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.6% which is higher than its past year's earnings decline of 2.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 63% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.5% 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
RY Royal Bank of CanadaCA$159.984.2%
+CA$9.1b		30.1%PB2xFinancials
BN BrookfieldCA$66.704.3%
+CA$4.3b		44.5%PE84.3xFinancials
NA National Bank of CanadaCA$126.917.1%
+CA$2.9b		31.5%PB1.9xFinancials
CP Canadian Pacific Kansas CityCA$111.302.6%
+CA$2.6b		2.6%PE29.8xIndustrials
MFC Manulife FinancialCA$36.813.7%
+CA$2.3b		47.5%PE15.4xFinancials
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