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Canadian (TSX) Market Analysis & Valuation

UpdatedJan 17, 2025
DataAggregated Company Financials
Companies2357
  • 7D-0.7%
  • 3M-1.5%
  • 1Y16.8%
  • YTD-0.3%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. More promisingly, the market is up 17% over the past year. 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, 17 Jan 2025CA$3.9tCA$2.1tCA$171.2b14.7x22.5x1.8x
Sun, 15 Dec 2024CA$3.9tCA$2.1tCA$169.3b14.5x23.3x1.9x
Tue, 12 Nov 2024CA$3.9tCA$2.1tCA$167.5b14.8x23.4x1.8x
Thu, 10 Oct 2024CA$3.8tCA$2.1tCA$167.8b15.4x22.8x1.8x
Sat, 07 Sep 2024CA$3.6tCA$2.1tCA$167.4b14.8x21.8x1.7x
Mon, 05 Aug 2024CA$3.6tCA$2.1tCA$167.2b13.8x21.4x1.7x
Wed, 03 Jul 2024CA$3.5tCA$2.1tCA$166.4b14x21.2x1.7x
Fri, 31 May 2024CA$3.6tCA$2.1tCA$166.7b14.2x21.5x1.8x
Sun, 28 Apr 2024CA$3.5tCA$2.1tCA$173.1b13.9x20.4x1.7x
Tue, 26 Mar 2024CA$3.5tCA$2.0tCA$173.4b13.6x20.2x1.7x
Thu, 22 Feb 2024CA$3.4tCA$2.1tCA$175.0b13.6x19.5x1.6x
Sat, 20 Jan 2024CA$3.4tCA$2.1tCA$173.2b12.9x19.4x1.6x
Mon, 18 Dec 2023CA$3.3tCA$2.1tCA$172.9b12.4x19.1x1.6x
Wed, 15 Nov 2023CA$3.2tCA$2.1tCA$179.5b11.9x17.7x1.5x
Fri, 13 Oct 2023CA$3.2tCA$2.1tCA$185.2b11.5x17.2x1.5x
Sun, 10 Sep 2023CA$3.2tCA$2.1tCA$184.9b11.7x17.5x1.5x
Tue, 08 Aug 2023CA$3.3tCA$2.1tCA$184.4b11.7x17.8x1.6x
Thu, 06 Jul 2023CA$3.2tCA$2.1tCA$200.3b11.2x16.2x1.5x
Sat, 03 Jun 2023CA$3.2tCA$2.1tCA$200.0b11.1x16.2x1.5x
Mon, 01 May 2023CA$3.4tCA$2.1tCA$214.6b11.2x15.7x1.6x
Wed, 29 Mar 2023CA$3.2tCA$2.1tCA$219.2b10.5x14.8x1.5x
Fri, 24 Feb 2023CA$3.3tCA$2.1tCA$235.0b11x14.1x1.6x
Sun, 22 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.7x13.7x1.6x
Tue, 20 Dec 2022CA$3.2tCA$2.1tCA$243.4b10.3x13x1.5x
Thu, 17 Nov 2022CA$3.3tCA$2.0tCA$238.4b10.3x13.8x1.6x
Sat, 15 Oct 2022CA$3.1tCA$2.1tCA$241.6b9.5x12.9x1.5x
Mon, 12 Sep 2022CA$3.4tCA$2.1tCA$239.0b10.6x14x1.6x
Wed, 10 Aug 2022CA$3.3tCA$2.0tCA$240.0b10.2x13.6x1.6x
Fri, 08 Jul 2022CA$3.2tCA$2.0tCA$231.5b10.6x13.7x1.6x
Sun, 05 Jun 2022CA$3.4tCA$1.9tCA$227.3b11.8x15.1x1.8x
Tue, 03 May 2022CA$3.5tCA$1.9tCA$218.7b11.9x15.9x1.8x
Thu, 31 Mar 2022CA$3.7tCA$1.9tCA$212.1b13x17.5x2x
Sat, 26 Feb 2022CA$3.5tCA$1.8tCA$199.8b12.8x17.5x1.9x
Mon, 24 Jan 2022CA$3.4tCA$1.8tCA$188.6b12.8x18.2x1.9x
Price to Earnings Ratio

18.2x


Total Market Cap: CA$3.4tTotal Earnings: CA$188.6bTotal 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 22.5x which is higher than its 3-year average PE of 17.7x.
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 6.4% 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-0.74%
Tech1.58%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.081%
Consumer Discretionary-0.31%
Utilities-0.40%
Industrials-0.66%
Real Estate-1.01%
Materials-1.42%
Healthcare-1.62%
Energy-1.62%
Telecom-1.88%
Consumer Staples-2.30%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 236x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 35.1%, 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 58% 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 4.9% 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
TD Toronto-Dominion BankCA$79.602.1%
+CA$2.8b		-0.7%PB1.3xFinancials
NTR NutrienCA$74.167.2%
+CA$2.5b		9.9%PE34.7xMaterials
IMO Imperial OilCA$98.804.5%
+CA$2.2b		31.9%PE10.4xEnergy
CSU Constellation SoftwareCA$4.40k1.9%
+CA$1.7b		21.4%PE110.4xTech
SU Suncor EnergyCA$56.241.9%
+CA$1.3b		32.6%PE8.8xEnergy
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Market Insights

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Understanding Analyst Expectations For 2025

Richard Bowman avatar
Richard Bowman
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5 comments

Earnings season is underway, which means analysts will probably be adjusting their earnings estimates and price targets over the next few months. As it stands, there’s a big difference between...

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Sectors And Industries To Watch In 2025
Last Week

Sectors And Industries To Watch In 2025

Latest News

TD

CA$79.60

Toronto-Dominion Bank

7D

2.1%

1Y

-0.7%

BN

CA$82.87

Brookfield

7D

-1.6%

1Y

58.4%

ATZ

CA$68.54

Aritzia

7D

20.3%

1Y

98.8%

IMO

CA$98.80

Imperial Oil

7D

4.5%

1Y

31.9%

Imperial Oil (TSE:IMO) Seems To Use Debt Quite Sensibly

Jan 15
Imperial Oil (TSE:IMO) Seems To Use Debt Quite Sensibly

CLS

CA$159.37

Celestica

7D

7.6%

1Y

313.0%

RY

CA$172.86

Royal Bank of Canada

7D

-0.9%

1Y

30.4%

Royal Bank of Canada's (TSE:RY) Shareholders Will Receive A Bigger Dividend Than Last Year

Jan 13
Royal Bank of Canada's (TSE:RY) Shareholders Will Receive A Bigger Dividend Than Last Year

FM

CA$18.73

First Quantum Minerals

7D

-9.7%

1Y

50.3%

BMO

CA$142.84

Bank of Montreal

7D

0.9%

1Y

13.0%

Bank of Montreal (TSE:BMO) Will Pay A Larger Dividend Than Last Year At CA$1.59

Jan 13
Bank of Montreal (TSE:BMO) Will Pay A Larger Dividend Than Last Year At CA$1.59

CNQ

CA$44.33

Canadian Natural Resources

7D

-5.5%

1Y

4.9%

CSU

CA$4,401.16

Constellation Software

7D

1.9%

1Y

21.4%

NTR

CA$74.16

Nutrien

7D

7.2%

1Y

9.9%

Nutrien (TSE:NTR) Has More To Do To Multiply In Value Going Forward

Jan 06
Nutrien (TSE:NTR) Has More To Do To Multiply In Value Going Forward

DOL

CA$132.89

Dollarama

7D

-4.6%

1Y

33.0%

TRP

CA$66.44

TC Energy

7D

-3.6%

1Y

27.1%

SU

CA$56.24

Suncor Energy

7D

1.9%

1Y

32.6%

L

CA$179.75

Loblaw Companies

7D

-2.6%

1Y

33.1%

ATD

CA$76.28

Alimentation Couche-Tard

7D

-2.2%

1Y

-6.2%

Why Alimentation Couche-Tard Inc. (TSE:ATD) Could Be Worth Watching

Dec 10
Why Alimentation Couche-Tard Inc. (TSE:ATD) Could Be Worth Watching