Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Canadian (TSX) Market Analysis & Valuation

UpdatedDec 19, 2024
DataAggregated Company Financials
Companies2359
  • 7D-4.1%
  • 3M0.9%
  • 1Y16.7%
  • YTD14.8%

Over the last 7 days, the market has dropped 1.9%, driven by pullbacks in the Energy and Materials sectors of 3.2% and 4.1%, respectively. As for the longer term, the market has actually risen by 18% in the last year. As for the next few years, earnings are expected to grow by 16% 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
Thu, 19 Dec 2024CA$3.9tCA$2.1tCA$169.6b13.9x23x1.8x
Sat, 16 Nov 2024CA$3.9tCA$2.1tCA$167.8b14.5x23.3x1.8x
Mon, 14 Oct 2024CA$3.9tCA$2.1tCA$168.0b15.7x23.2x1.8x
Wed, 11 Sep 2024CA$3.7tCA$2.1tCA$167.4b15x22x1.8x
Fri, 09 Aug 2024CA$3.5tCA$2.1tCA$168.6b13.7x20.8x1.7x
Sun, 07 Jul 2024CA$3.5tCA$2.0tCA$166.7b13.9x21.3x1.7x
Tue, 04 Jun 2024CA$3.6tCA$2.0tCA$166.2b14.3x21.7x1.8x
Thu, 02 May 2024CA$3.5tCA$2.1tCA$173.4b13.8x20.2x1.7x
Sat, 30 Mar 2024CA$3.5tCA$2.0tCA$175.1b13.8x20.3x1.7x
Mon, 26 Feb 2024CA$3.4tCA$2.0tCA$171.2b14.1x20x1.7x
Wed, 24 Jan 2024CA$3.4tCA$2.1tCA$173.3b13.3x19.4x1.6x
Fri, 22 Dec 2023CA$3.3tCA$2.1tCA$172.8b13.1x19.2x1.6x
Sun, 19 Nov 2023CA$3.2tCA$2.1tCA$179.9b12x17.9x1.6x
Tue, 17 Oct 2023CA$3.2tCA$2.1tCA$185.1b11.5x17.2x1.5x
Thu, 14 Sep 2023CA$3.3tCA$2.1tCA$184.6b11.8x17.7x1.5x
Sat, 12 Aug 2023CA$3.3tCA$2.1tCA$187.6b11.7x17.7x1.6x
Mon, 10 Jul 2023CA$3.2tCA$2.1tCA$200.3b11.2x16x1.5x
Wed, 07 Jun 2023CA$3.2tCA$2.1tCA$199.9b11.1x16.2x1.5x
Fri, 05 May 2023CA$3.3tCA$2.1tCA$212.1b10.9x15.4x1.6x
Sun, 02 Apr 2023CA$3.3tCA$2.1tCA$215.9b10.6x15.3x1.6x
Tue, 28 Feb 2023CA$3.3tCA$2.1tCA$233.2b10.8x14.3x1.6x
Thu, 26 Jan 2023CA$3.4tCA$2.1tCA$245.4b11x13.8x1.6x
Sat, 24 Dec 2022CA$3.2tCA$2.1tCA$245.9b10.4x13.1x1.6x
Mon, 21 Nov 2022CA$3.3tCA$2.0tCA$238.3b10.3x13.8x1.6x
Wed, 19 Oct 2022CA$3.2tCA$2.1tCA$241.3b9.6x13.2x1.5x
Fri, 16 Sep 2022CA$3.3tCA$2.1tCA$239.5b10.4x13.8x1.6x
Sun, 14 Aug 2022CA$3.4tCA$2.0tCA$236.2b10.7x14.2x1.7x
Tue, 12 Jul 2022CA$3.1tCA$2.0tCA$231.6b10.2x13.6x1.6x
Thu, 09 Jun 2022CA$3.5tCA$1.9tCA$230.1b11.9x15.3x1.8x
Sat, 07 May 2022CA$3.5tCA$1.9tCA$221.4b11.9x15.7x1.8x
Mon, 04 Apr 2022CA$3.7tCA$1.9tCA$212.7b13.1x17.3x2x
Wed, 02 Mar 2022CA$3.5tCA$1.8tCA$207.8b13.2x17x1.9x
Fri, 28 Jan 2022CA$3.4tCA$1.8tCA$189.4b12.8x18.1x1.9x
Sun, 26 Dec 2021CA$3.5tCA$1.8tCA$189.5b12.7x18.3x1.9x
Price to Earnings Ratio

18.3x


Total Market Cap: CA$3.5tTotal Earnings: CA$189.5bTotal Revenue: CA$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.6x202220232024
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 23.1x which is higher than its 3-year average PE of 17.6x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 3.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.1% 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-4.12%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Industrials-1.88%
Consumer Staples-1.99%
Utilities-2.27%
Healthcare-2.43%
Consumer Discretionary-2.79%
Financials-2.98%
Real Estate-3.31%
Tech-3.91%
Energy-5.65%
Telecom-7.08%
Materials-8.64%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 229x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 37.9%, which is higher than its past year's earnings growth of 12.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 62% 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 4.7% 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
GWO Great-West LifecoCA$46.902.0%
+CA$838.6m		9.6%PE12xFinancials
CLS CelesticaCA$132.864.3%
+CA$637.6m		246.4%PE28.4xTech
GFL GFL EnvironmentalCA$65.621.9%
+CA$472.1m		49.8%PS3.3xIndustrials
TA TransAltaCA$20.167.8%
+CA$435.7m		87.5%PE38.1xUtilities
EMP.A EmpireCA$44.403.2%
+CA$301.7m		30.6%PE15.8xConsumer Staples
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 UsCareersPlans & PricingLogin
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

7 Investing Lessons From 2024

Richard Bowman avatar
Richard Bowman
|
|

5 comments

This is our last newsletter of the year and a good time to focus on the third of those principles - the investing lessons we can all take from 2024...

Continue reading

Institutional Adoption Could Change The Bitcoin Narrative
Last Week

Institutional Adoption Could Change The Bitcoin Narrative

Latest News

TA

CA$20.16

TransAlta

7D

7.8%

1Y

87.5%

BYD

CA$215.00

Boyd Group Services

7D

4.8%

1Y

-21.0%

BB

CA$4.33

BlackBerry

7D

9.9%

1Y

-21.0%

CPX

CA$62.76

Capital Power

7D

3.1%

1Y

69.4%

EMP.A

CA$44.40

Empire

7D

3.2%

1Y

30.6%

SU

CA$50.32

Suncor Energy

7D

-6.9%

1Y

18.5%

CSU

CA$4,467.12

Constellation Software

7D

-4.7%

1Y

40.0%

IMO

CA$92.60

Imperial Oil

7D

-11.0%

1Y

23.7%

BN

CA$80.04

Brookfield

7D

-5.9%

1Y

53.3%

RY

CA$173.01

Royal Bank of Canada

7D

-3.1%

1Y

30.7%

CNQ

CA$42.84

Canadian Natural Resources

7D

-7.0%

1Y

0.5%

GWO

CA$46.90

Great-West Lifeco

7D

2.0%

1Y

9.6%

CLS

CA$132.86

Celestica

7D

4.3%

1Y

246.4%

ABX

CA$22.38

Barrick Gold

7D

-10.4%

1Y

-5.8%

WPM

CA$82.58

Wheaton Precious Metals

7D

-9.0%

1Y

26.7%

Wheaton Precious Metals Corp.'s (TSE:WPM) Intrinsic Value Is Potentially 30% Above Its Share Price

Nov 28
Wheaton Precious Metals Corp.'s (TSE:WPM) Intrinsic Value Is Potentially 30% Above Its Share Price

GFL

CA$65.62

GFL Environmental

7D

1.9%

1Y

49.8%