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Canadian (TSX) Market Analysis & Valuation

UpdatedMar 06, 2025
DataAggregated Company Financials
Companies2319
  • 7D-1.8%
  • 3M-3.4%
  • 1Y12.0%
  • YTD-0.5%

Over the last 7 days, the market has dropped 1.8%, driven by a pullback of 2.5% in the Financials sector. As for the longer term, the market has actually risen by 12% in the last 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
Thu, 06 Mar 2025CA$3.9tCA$2.1tCA$172.1b14.8x22.7x1.8x
Sat, 01 Feb 2025CA$4.0tCA$2.1tCA$170.8b14.6x23.3x1.9x
Mon, 30 Dec 2024CA$3.9tCA$2.1tCA$169.2b14.1x22.9x1.8x
Wed, 27 Nov 2024CA$4.0tCA$2.1tCA$166.4b14.6x23.7x1.9x
Fri, 25 Oct 2024CA$3.9tCA$2.1tCA$167.3b15.5x23.4x1.9x
Sun, 22 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.2x22.7x1.8x
Tue, 20 Aug 2024CA$3.7tCA$2.1tCA$169.9b14.6x21.7x1.8x
Thu, 18 Jul 2024CA$3.7tCA$2.0tCA$167.6b14x22x1.8x
Sat, 15 Jun 2024CA$3.5tCA$2.1tCA$167.4b14x20.9x1.7x
Mon, 13 May 2024CA$3.6tCA$2.0tCA$168.8b14x21.4x1.8x
Wed, 10 Apr 2024CA$3.6tCA$2.0tCA$174.2b14.1x20.6x1.8x
Fri, 08 Mar 2024CA$3.5tCA$2.1tCA$173.1b14.1x20.2x1.7x
Sun, 04 Feb 2024CA$3.4tCA$2.1tCA$170.5b13x19.9x1.6x
Tue, 02 Jan 2024CA$3.4tCA$2.1tCA$172.8b13.3x19.5x1.6x
Thu, 30 Nov 2023CA$3.2tCA$2.1tCA$179.4b11.9x17.9x1.6x
Sat, 28 Oct 2023CA$3.1tCA$2.1tCA$184.8b11.3x16.6x1.5x
Mon, 25 Sep 2023CA$3.2tCA$2.1tCA$184.3b11.7x17.4x1.5x
Wed, 23 Aug 2023CA$3.2tCA$2.1tCA$185.8b11.3x17.2x1.5x
Fri, 21 Jul 2023CA$3.3tCA$2.1tCA$199.6b11.5x16.5x1.6x
Sun, 18 Jun 2023CA$3.2tCA$2.1tCA$200.3b11.3x16.1x1.5x
Tue, 16 May 2023CA$3.3tCA$2.1tCA$206.0b11x16.1x1.5x
Thu, 13 Apr 2023CA$3.4tCA$2.1tCA$217.5b10.6x15.5x1.6x
Sat, 11 Mar 2023CA$3.3tCA$2.1tCA$220.6b10.7x14.7x1.5x
Mon, 06 Feb 2023CA$3.4tCA$2.1tCA$246.5b11.4x13.8x1.6x
Wed, 04 Jan 2023CA$3.2tCA$2.1tCA$246.3b10.5x13x1.5x
Fri, 02 Dec 2022CA$3.4tCA$2.1tCA$238.8b10.7x14.2x1.6x
Sun, 30 Oct 2022CA$3.2tCA$2.0tCA$235.4b10x13.7x1.6x
Tue, 27 Sep 2022CA$3.1tCA$2.1tCA$240.9b9.5x12.9x1.5x
Thu, 25 Aug 2022CA$3.3tCA$2.0tCA$236.3b10.5x14.1x1.7x
Sat, 23 Jul 2022CA$3.2tCA$2.0tCA$230.9b10.4x13.8x1.6x
Mon, 20 Jun 2022CA$3.2tCA$2.0tCA$231.9b10.6x13.7x1.6x
Wed, 18 May 2022CA$3.4tCA$1.9tCA$226.9b11.8x14.9x1.7x
Fri, 15 Apr 2022CA$3.7tCA$1.9tCA$212.1b12.6x17.3x2x
Sun, 13 Mar 2022CA$3.6tCA$1.9tCA$213.7b12.9x16.9x1.9x
Price to Earnings Ratio

16.9x


Total Market Cap: CA$3.6tTotal Earnings: CA$213.7bTotal Revenue: CA$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17.9x202320242025
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 17.9x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 7.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.7% 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-1.76%
Real Estate0.51%
Utilities0.36%
Consumer Staples0.08%
Materials-0.012%
Telecom-0.10%
Consumer Discretionary-0.95%
Industrials-1.43%
Healthcare-1.77%
Financials-2.51%
Tech-3.13%
Energy-3.16%
Sector PE
  • Investors favour the Materials sector the most for future growth even though it's trading below its 3-year average PE ratio of 245x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.2%, which is higher than its past year's earnings growth of 15.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 3.7% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 6.8% 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
TRP TC EnergyCA$66.454.3%
+CA$2.8b		22.7%PE15.8xEnergy
ENB EnbridgeCA$61.011.8%
+CA$2.4b		28.8%PE26.3xEnergy
GFL GFL EnvironmentalCA$67.976.8%
+CA$1.7b		43.9%PS3.4xIndustrials
FNV Franco-NevadaCA$209.523.8%
+CA$1.5b		41.5%PS25.9xMaterials
POW Power Corporation of CanadaCA$50.444.3%
+CA$1.3b		28.4%PE14.2xFinancials
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ENB

CA$61.01

Enbridge

7D

1.8%

1Y

28.8%

TRP

CA$66.45

TC Energy

7D

4.3%

1Y

22.7%

GFL

CA$67.97

GFL Environmental

7D

6.8%

1Y

43.9%

BAM

CA$77.41

Brookfield Asset Management

7D

-6.0%

1Y

35.8%

CLS

CA$130.38

Celestica

7D

-18.6%

1Y

104.5%

PPL

CA$54.06

Pembina Pipeline

7D

4.1%

1Y

13.8%

These 4 Measures Indicate That Pembina Pipeline (TSE:PPL) Is Using Debt Reasonably Well

Mar 04
These 4 Measures Indicate That Pembina Pipeline (TSE:PPL) Is Using Debt Reasonably Well

RY

CA$165.56

Royal Bank of Canada

7D

-3.4%

1Y

24.6%

CNQ

CA$39.41

Canadian Natural Resources

7D

-4.1%

1Y

-18.8%

The Return Trends At Canadian Natural Resources (TSE:CNQ) Look Promising

Feb 28
The Return Trends At Canadian Natural Resources (TSE:CNQ) Look Promising

CVE

CA$17.71

Cenovus Energy

7D

-11.2%

1Y

-26.7%

These Analysts Think Cenovus Energy Inc.'s (TSE:CVE) Sales Are Under Threat

Feb 28
These Analysts Think Cenovus Energy Inc.'s (TSE:CVE) Sales Are Under Threat

BMO

CA$142.60

Bank of Montreal

7D

-4.4%

1Y

14.1%

SU

CA$49.24

Suncor Energy

7D

-10.2%

1Y

4.3%

H

CA$47.32

Hydro One

7D

4.5%

1Y

16.3%

BN

CA$79.24

Brookfield

7D

-4.2%

1Y

40.9%

SLF

CA$80.26

Sun Life Financial

7D

2.5%

1Y

9.5%

POW

CA$50.44

Power Corporation of Canada

7D

4.3%

1Y

28.4%

FNV

CA$209.52

Franco-Nevada

7D

3.8%

1Y

41.5%