Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Canadian (TSX) Market Analysis & Valuation

UpdatedNov 17, 2024
DataAggregated Company Financials
Companies2350
  • 7D-0.6%
  • 3M5.6%
  • 1Y20.4%
  • YTD16.5%

In the last week, the market has been flat, with a notable exception in the Materials sector dropping 6.3%. Meanwhile, the market is actually up 20% over the past year. 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
Sun, 17 Nov 2024CA$3.9tCA$2.1tCA$167.6b14.5x23.2x1.8x
Tue, 15 Oct 2024CA$3.9tCA$2.1tCA$168.0b15.7x23.2x1.8x
Thu, 12 Sep 2024CA$3.7tCA$2.1tCA$167.4b15x22.1x1.8x
Sat, 10 Aug 2024CA$3.6tCA$2.1tCA$167.9b13.9x21.2x1.7x
Mon, 08 Jul 2024CA$3.5tCA$2.0tCA$166.7b13.9x21.3x1.7x
Wed, 05 Jun 2024CA$3.6tCA$2.0tCA$167.4b14.1x21.4x1.7x
Fri, 03 May 2024CA$3.5tCA$2.1tCA$173.0b13.9x20.2x1.7x
Sun, 31 Mar 2024CA$3.6tCA$2.0tCA$173.4b14x20.5x1.7x
Tue, 27 Feb 2024CA$3.4tCA$2.1tCA$170.9b13.8x20x1.7x
Thu, 25 Jan 2024CA$3.4tCA$2.1tCA$174.1b12.8x19.4x1.6x
Sat, 23 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.2x19.5x1.6x
Mon, 20 Nov 2023CA$3.2tCA$2.1tCA$179.8b12x18x1.6x
Wed, 18 Oct 2023CA$3.2tCA$2.1tCA$185.1b11.7x17.2x1.5x
Fri, 15 Sep 2023CA$3.3tCA$2.1tCA$184.5b12x17.8x1.6x
Sun, 13 Aug 2023CA$3.3tCA$2.1tCA$187.6b11.7x17.7x1.6x
Tue, 11 Jul 2023CA$3.2tCA$2.1tCA$200.3b11.1x16x1.5x
Thu, 08 Jun 2023CA$3.2tCA$2.1tCA$199.9b11.2x16.2x1.5x
Sat, 06 May 2023CA$3.3tCA$2.1tCA$209.7b11.2x15.8x1.6x
Mon, 03 Apr 2023CA$3.3tCA$2.1tCA$217.2b10.6x15.2x1.6x
Wed, 01 Mar 2023CA$3.3tCA$2.1tCA$228.8b10.9x14.5x1.6x
Fri, 27 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.9x13.8x1.6x
Sun, 25 Dec 2022CA$3.2tCA$2.1tCA$245.9b10.4x13.1x1.6x
Tue, 22 Nov 2022CA$3.3tCA$2.1tCA$238.7b10.3x13.8x1.6x
Thu, 20 Oct 2022CA$3.2tCA$2.1tCA$241.2b9.6x13.1x1.5x
Sat, 17 Sep 2022CA$3.3tCA$2.1tCA$239.8b10.3x13.7x1.6x
Mon, 15 Aug 2022CA$3.4tCA$2.0tCA$236.3b10.7x14.2x1.7x
Wed, 13 Jul 2022CA$3.1tCA$2.0tCA$231.6b10x13.4x1.6x
Fri, 10 Jun 2022CA$3.5tCA$1.9tCA$230.3b11.9x15x1.8x
Sun, 08 May 2022CA$3.5tCA$1.9tCA$221.2b11.9x15.7x1.8x
Tue, 05 Apr 2022CA$3.7tCA$1.9tCA$211.6b13x17.4x2x
Thu, 03 Mar 2022CA$3.6tCA$1.8tCA$209.0b13.4x17.1x1.9x
Sat, 29 Jan 2022CA$3.4tCA$1.8tCA$189.9b12.5x18.1x1.9x
Mon, 27 Dec 2021CA$3.5tCA$1.8tCA$189.5b12.7x18.3x1.9x
Wed, 24 Nov 2021CA$3.5tCA$1.8tCA$189.1b12.8x18.4x2x
Price to Earnings Ratio

18.4x


Total Market Cap: CA$3.5tTotal Earnings: CA$189.1bTotal Revenue: CA$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.4x202220232024
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 23.2x which is higher than its 3-year average PE of 17.4x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 4.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.3% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-0.64%
Energy1.32%
Financials0.67%
Consumer Staples0.095%
Tech0.0047%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Utilities-0.28%
Healthcare-0.55%
Consumer Discretionary-0.70%
Industrials-1.18%
Real Estate-1.30%
Telecom-2.36%
Materials-6.27%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 218x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 39.4%, which is higher than its past year's earnings growth of 3.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 57% over the next 5 years.
  • This is better than its past earnings decline of 3.7% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.0% 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
MFC Manulife FinancialCA$46.054.1%
+CA$3.2b		75.2%PE15.8xFinancials
SU Suncor EnergyCA$57.004.6%
+CA$2.9b		23.0%PE8.9xEnergy
ATD Alimentation Couche-TardCA$79.373.0%
+CA$2.2b		1.4%PE19.9xConsumer Staples
FFH Fairfax Financial HoldingsCA$1.92k4.3%
+CA$1.7b		59.8%PE7.5xFinancials
BMO Bank of MontrealCA$131.321.6%
+CA$1.5b		17.2%PB1.2xFinancials
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Header cover image

Navigating The Trump 2.0 Market

Richard Bowman avatar
Richard Bowman
|
|

5 comments

Donald Trump and the Republican Party made a clean sweep in the US election. Some aspects of Trump’s campaign were a little vague, but we can be fairly certain of lower taxes and deregulation. That, and the strong US economy, should lead to...

Continue reading

The AI Capex Cycle Shows No Signs Of Slowing Down
Last Week

The AI Capex Cycle Shows No Signs Of Slowing Down

Latest News

ABX

CA$23.46

Barrick Gold

7D

-8.4%

1Y

8.9%

MFC

CA$46.05

Manulife Financial

7D

4.1%

1Y

75.2%

CAE

CA$30.67

CAE

7D

16.9%

1Y

6.3%

CP

CA$104.29

Canadian Pacific Kansas City

7D

-3.5%

1Y

6.0%

BN

CA$80.01

Brookfield

7D

0.7%

1Y

72.2%

TECK.B

CA$63.40

Teck Resources

7D

-6.5%

1Y

28.3%

SU

CA$57.00

Suncor Energy

7D

4.6%

1Y

23.0%

FFH

CA$1,915.00

Fairfax Financial Holdings

7D

4.3%

1Y

59.8%

CSU

CA$4,420.89

Constellation Software

7D

1.5%

1Y

40.2%

TRI

CA$227.74

Thomson Reuters

7D

-2.7%

1Y

20.9%

Thomson Reuters (TSE:TRI) Strong Profits May Be Masking Some Underlying Issues

Nov 13
Thomson Reuters (TSE:TRI) Strong Profits May Be Masking Some Underlying Issues

CNQ

CA$46.61

Canadian Natural Resources

7D

-2.0%

1Y

2.1%

Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Nov 12
Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

WPM

CA$82.66

Wheaton Precious Metals

7D

-8.4%

1Y

31.8%

FNV

CA$160.51

Franco-Nevada

7D

-5.8%

1Y

-2.8%

SLF

CA$84.88

Sun Life Financial

7D

2.9%

1Y

22.2%

ATD

CA$79.37

Alimentation Couche-Tard

7D

3.0%

1Y

1.4%

BMO

CA$131.32

Bank of Montreal

7D

1.6%

1Y

17.2%