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Canadian (TSX) Market Analysis & Valuation
UpdatedMay 09, 2025
DataAggregated Company Financials
Companies2287
- 7D2.2%
- 3M0.7%
- 1Y10.6%
- YTD2.4%
The market is up 1.8% over the last week, with the Materials sector leading the way, up 5.4%. As for the past 12 months, the market is up 11%. Earnings are forecast to grow by 14% annually.
Market Valuation and Performance
Has the Canadian Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 10 May 2025 | CA$4.0t | CA$2.1t | CA$179.9b | 14.7x | 22.5x | 1.9x |
| Mon, 07 Apr 2025 | CA$3.7t | CA$2.1t | CA$173.9b | 14x | 21.4x | 1.8x |
| Wed, 05 Mar 2025 | CA$4.0t | CA$2.1t | CA$172.2b | 14.5x | 23x | 1.8x |
| Fri, 31 Jan 2025 | CA$3.9t | CA$2.1t | CA$172.0b | 14.8x | 22.9x | 1.8x |
| Sun, 29 Dec 2024 | CA$3.9t | CA$2.1t | CA$169.2b | 14.1x | 22.9x | 1.8x |
| Tue, 26 Nov 2024 | CA$4.0t | CA$2.1t | CA$166.4b | 14.5x | 23.8x | 1.9x |
| Thu, 24 Oct 2024 | CA$3.9t | CA$2.1t | CA$167.9b | 15.4x | 23.4x | 1.9x |
| Sat, 21 Sep 2024 | CA$3.8t | CA$2.1t | CA$167.5b | 15.2x | 22.7x | 1.8x |
| Mon, 19 Aug 2024 | CA$3.7t | CA$2.1t | CA$170.0b | 14.7x | 21.7x | 1.8x |
| Wed, 17 Jul 2024 | CA$3.7t | CA$2.0t | CA$167.6b | 14x | 21.8x | 1.8x |
| Fri, 14 Jun 2024 | CA$3.5t | CA$2.1t | CA$167.4b | 14x | 20.9x | 1.7x |
| Sun, 12 May 2024 | CA$3.6t | CA$2.1t | CA$168.5b | 14x | 21.5x | 1.8x |
| Tue, 09 Apr 2024 | CA$3.6t | CA$2.0t | CA$174.2b | 14x | 20.5x | 1.7x |
| Thu, 07 Mar 2024 | CA$3.5t | CA$2.1t | CA$173.1b | 14.1x | 19.9x | 1.7x |
| Sat, 03 Feb 2024 | CA$3.4t | CA$2.1t | CA$170.5b | 13x | 19.9x | 1.6x |
| Mon, 01 Jan 2024 | CA$3.4t | CA$2.1t | CA$172.8b | 13.3x | 19.5x | 1.6x |
| Wed, 29 Nov 2023 | CA$3.2t | CA$2.1t | CA$178.6b | 11.8x | 18x | 1.5x |
| Fri, 27 Oct 2023 | CA$3.1t | CA$2.1t | CA$184.4b | 11.2x | 16.7x | 1.5x |
| Sun, 24 Sep 2023 | CA$3.2t | CA$2.1t | CA$184.3b | 11.7x | 17.4x | 1.5x |
| Tue, 22 Aug 2023 | CA$3.2t | CA$2.1t | CA$185.8b | 11.4x | 17.3x | 1.5x |
| Thu, 20 Jul 2023 | CA$3.3t | CA$2.1t | CA$199.6b | 11.5x | 16.5x | 1.6x |
| Sat, 17 Jun 2023 | CA$3.2t | CA$2.1t | CA$200.3b | 11.3x | 16.1x | 1.5x |
| Mon, 15 May 2023 | CA$3.3t | CA$2.1t | CA$206.5b | 10.9x | 15.9x | 1.5x |
| Wed, 12 Apr 2023 | CA$3.4t | CA$2.1t | CA$217.7b | 10.6x | 15.4x | 1.6x |
| Fri, 10 Mar 2023 | CA$3.3t | CA$2.1t | CA$220.8b | 10.9x | 15x | 1.6x |
| Sun, 05 Feb 2023 | CA$3.4t | CA$2.1t | CA$246.4b | 11.4x | 13.8x | 1.6x |
| Tue, 03 Jan 2023 | CA$3.2t | CA$2.1t | CA$245.8b | 10.5x | 13x | 1.5x |
| Thu, 01 Dec 2022 | CA$3.4t | CA$2.1t | CA$240.1b | 10.7x | 14x | 1.6x |
| Sat, 29 Oct 2022 | CA$3.2t | CA$2.0t | CA$235.4b | 10.1x | 13.7x | 1.6x |
| Mon, 26 Sep 2022 | CA$3.1t | CA$2.1t | CA$240.4b | 9.5x | 13x | 1.5x |
| Wed, 24 Aug 2022 | CA$3.3t | CA$2.0t | CA$236.9b | 10.5x | 14.1x | 1.7x |
| Fri, 22 Jul 2022 | CA$3.2t | CA$2.0t | CA$230.9b | 10.4x | 13.8x | 1.6x |
| Sun, 19 Jun 2022 | CA$3.2t | CA$2.0t | CA$231.9b | 10.6x | 13.7x | 1.6x |
| Tue, 17 May 2022 | CA$3.4t | CA$1.9t | CA$227.1b | 11.4x | 14.8x | 1.7x |
Price to Earnings Ratio
14.8x
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 18.2x.
Past Earnings Growth
- The earnings for Canadian listed companies have declined 7.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.9% 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 | 2.21% | |
| Tech | 4.65% | |
| Consumer Discretionary | 4.48% | |
| Industrials | 3.37% | |
| Materials | 2.87% | |
| Financials | 2.28% | |
| Energy | 1.75% | |
| Telecom | 0.98% | |
| Real Estate | 0.0099% | |
| Consumer Staples | -0.48% | |
| Utilities | -0.49% | |
| Healthcare | -0.93% | |
Sector PE
- Investors favour the Tech sector the most for future growth which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 21.3%, which is lower than the prior year's growth of 29.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 14% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 5.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| CNQ Canadian Natural Resources | CA$42.53 | 6.2% +CA$5.2b | -18.7% | PE11.8x | Energy | |
| BAM Brookfield Asset Management | CA$78.54 | 3.9% +CA$4.7b | 44.5% | PE134.8x | Financials | |
| WPM Wheaton Precious Metals | CA$119.56 | 7.1% +CA$3.6b | 59.2% | PE62.9x | Materials | |
| BN Brookfield | CA$78.96 | 3.1% +CA$3.5b | 30.6% | PE190.4x | Financials | |
| CVE Cenovus Energy | CA$18.45 | 11.0% +CA$3.3b | -34.3% | PE12.1x | Energy |