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Canadian (TSX) Market Analysis & Valuation

UpdatedJan 09, 2025
DataAggregated Company Financials
Companies2363
  • 7D1.1%
  • 3M1.3%
  • 1Y16.6%
  • YTD0.4%

The market has climbed 1.1% in the last 7 days, lead by the Energy sector with a gain of 3.8%. In the last year, the market has climbed 17%. 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
Fri, 10 Jan 2025CA$3.9tCA$2.1tCA$171.0b14.6x22.7x1.8x
Sun, 08 Dec 2024CA$4.0tCA$2.1tCA$169.1b14.7x23.6x1.9x
Tue, 05 Nov 2024CA$3.9tCA$2.1tCA$168.7b14.7x22.9x1.8x
Thu, 03 Oct 2024CA$3.8tCA$2.1tCA$167.7b15.3x22.9x1.8x
Sat, 31 Aug 2024CA$3.7tCA$2.1tCA$167.7b15.3x22.2x1.8x
Mon, 29 Jul 2024CA$3.7tCA$2.1tCA$167.8b14.2x21.9x1.8x
Wed, 26 Jun 2024CA$3.5tCA$2.0tCA$166.8b14x21.1x1.7x
Fri, 24 May 2024CA$3.6tCA$2.1tCA$167.2b14.2x21.7x1.8x
Sun, 21 Apr 2024CA$3.5tCA$2.1tCA$174.7b13.8x20.1x1.7x
Tue, 19 Mar 2024CA$3.5tCA$2.1tCA$173.4b13.5x20.1x1.7x
Thu, 15 Feb 2024CA$3.3tCA$2.1tCA$179.2b13x18.5x1.6x
Sat, 13 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.9x19.5x1.6x
Mon, 11 Dec 2023CA$3.3tCA$2.1tCA$172.5b12.2x18.9x1.6x
Wed, 08 Nov 2023CA$3.2tCA$2.1tCA$179.7b11.8x17.7x1.5x
Fri, 06 Oct 2023CA$3.1tCA$2.1tCA$185.5b11.2x16.8x1.5x
Sun, 03 Sep 2023CA$3.3tCA$2.1tCA$184.8b11.8x17.9x1.6x
Tue, 01 Aug 2023CA$3.3tCA$2.1tCA$191.2b12.1x17.4x1.6x
Thu, 29 Jun 2023CA$3.2tCA$2.1tCA$200.2b11.1x16x1.5x
Sat, 27 May 2023CA$3.2tCA$2.1tCA$200.4b11x16.1x1.5x
Mon, 24 Apr 2023CA$3.4tCA$2.1tCA$217.9b10.8x15.5x1.6x
Wed, 22 Mar 2023CA$3.1tCA$2.1tCA$211.4b10.6x14.7x1.5x
Fri, 17 Feb 2023CA$3.4tCA$2.1tCA$235.7b11.1x14.3x1.6x
Sun, 15 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.8x13.7x1.6x
Tue, 13 Dec 2022CA$3.3tCA$2.1tCA$244.0b10.5x13.5x1.6x
Thu, 10 Nov 2022CA$3.2tCA$2.0tCA$243.2b9.9x13.2x1.6x
Sat, 08 Oct 2022CA$3.2tCA$2.1tCA$240.9b9.7x13.1x1.5x
Mon, 05 Sep 2022CA$3.2tCA$2.0tCA$235.6b10.3x13.7x1.6x
Wed, 03 Aug 2022CA$3.3tCA$2.0tCA$231.6b10.5x14.1x1.6x
Fri, 01 Jul 2022CA$3.2tCA$2.0tCA$231.2b10.5x13.7x1.6x
Sun, 29 May 2022CA$3.4tCA$1.9tCA$228.1b11.8x15x1.8x
Tue, 26 Apr 2022CA$3.6tCA$1.9tCA$212.7b12.5x16.7x1.9x
Thu, 24 Mar 2022CA$3.7tCA$1.9tCA$212.1b12.9x17.4x2x
Sat, 19 Feb 2022CA$3.5tCA$1.8tCA$199.9b13x17.7x1.9x
Mon, 17 Jan 2022CA$3.5tCA$1.8tCA$188.8b13.1x18.7x2x
Price to Earnings Ratio

18.7x


Total Market Cap: CA$3.5tTotal Earnings: CA$188.8bTotal Revenue: CA$1.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.7x202320242025
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 22.7x which is higher than its 3-year average PE of 17.6x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 3.2% 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 Market1.08%
Materials4.10%
Energy3.80%
Telecom1.22%
Industrials0.19%
Financials0.15%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Utilities-0.41%
Tech-0.55%
Real Estate-0.69%
Consumer Discretionary-0.88%
Healthcare-1.25%
Consumer Staples-1.55%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 234x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.6%, which is higher than its past year's earnings growth of 19.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 61% 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 5.2% 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$55.186.3%
+CA$4.1b		26.2%PE8.7xEnergy
CNQ Canadian Natural ResourcesCA$46.913.8%
+CA$3.7b		7.7%PE13.2xEnergy
RY Royal Bank of CanadaCA$174.471.3%
+CA$3.1b		30.9%PB2.1xFinancials
TD Toronto-Dominion BankCA$77.981.9%
+CA$2.6b		-3.5%PB1.2xFinancials
ENB EnbridgeCA$62.991.8%
+CA$2.4b		28.3%PE21.8xEnergy
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CNQ

CA$46.91

Canadian Natural Resources

7D

3.8%

1Y

7.7%

RY

CA$174.47

Royal Bank of Canada

7D

1.3%

1Y

30.9%

CP

CA$108.49

Canadian Pacific Kansas City

7D

2.2%

1Y

5.1%

CSU

CA$4,320.48

Constellation Software

7D

-2.7%

1Y

23.9%

BNS

CA$74.62

Bank of Nova Scotia

7D

-3.4%

1Y

18.9%

TD

CA$77.98

Toronto-Dominion Bank

7D

1.9%

1Y

-3.5%

TRI

CA$228.45

Thomson Reuters

7D

-1.7%

1Y

18.3%

BN

CA$84.18

Brookfield

7D

1.6%

1Y

60.2%

IMO

CA$94.53

Imperial Oil

7D

5.2%

1Y

20.8%

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ENB

CA$62.99

Enbridge

7D

1.8%

1Y

28.3%

SU

CA$55.18

Suncor Energy

7D

6.3%

1Y

26.2%

L

CA$184.57

Loblaw Companies

7D

-3.0%

1Y

42.2%

ATD

CA$77.97

Alimentation Couche-Tard

7D

-1.4%

1Y

-2.3%

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CCO

CA$73.18

Cameco

7D

-2.5%

1Y

17.1%

IFC

CA$258.39

Intact Financial

7D

-1.7%

1Y

26.0%

PVF.UN

CA$145.00

Partners Value Investments

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1Y

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