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Canadian (TSX) Market Analysis & Valuation

UpdatedMay 14, 2025
DataAggregated Company Financials
Companies2278
  • 7D2.3%
  • 3M1.4%
  • 1Y12.1%
  • YTD3.2%

The market has climbed 2.3% in the last 7 days, lead by the Financials sector with a gain of 3.3%. As for the past 12 months, the market is up 12%. Looking forward, earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Canadian Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 May 2025CA$4.0tCA$2.1tCA$176.8b14.4x22.7x1.9x
Fri, 11 Apr 2025CA$3.8tCA$2.1tCA$173.3b14.1x21.8x1.8x
Sun, 09 Mar 2025CA$3.9tCA$2.1tCA$173.5b14.9x22.7x1.8x
Tue, 04 Feb 2025CA$3.9tCA$2.1tCA$170.9b14.4x23.1x1.8x
Thu, 02 Jan 2025CA$3.9tCA$2.1tCA$169.1b14.2x22.9x1.8x
Sat, 30 Nov 2024CA$4.0tCA$2.1tCA$166.3b14.9x23.9x1.9x
Mon, 28 Oct 2024CA$3.9tCA$2.1tCA$167.7b15.3x23.3x1.8x
Wed, 25 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.3x22.7x1.8x
Fri, 23 Aug 2024CA$3.7tCA$2.1tCA$169.8b14.7x21.8x1.8x
Sun, 21 Jul 2024CA$3.6tCA$2.1tCA$167.7b14x21.7x1.8x
Tue, 18 Jun 2024CA$3.5tCA$2.1tCA$167.4b14.1x20.8x1.7x
Thu, 16 May 2024CA$3.6tCA$2.0tCA$167.9b14.2x21.5x1.8x
Sat, 13 Apr 2024CA$3.6tCA$2.1tCA$174.6b14.1x20.4x1.7x
Mon, 11 Mar 2024CA$3.5tCA$2.1tCA$173.3b13.7x20.1x1.7x
Wed, 07 Feb 2024CA$3.4tCA$2.1tCA$172.8b13.1x19.5x1.6x
Fri, 05 Jan 2024CA$3.4tCA$2.1tCA$173.1b13x19.5x1.6x
Sun, 03 Dec 2023CA$3.3tCA$2.1tCA$173.3b12.3x18.9x1.6x
Tue, 31 Oct 2023CA$3.1tCA$2.1tCA$184.5b11.6x16.6x1.5x
Thu, 28 Sep 2023CA$3.2tCA$2.1tCA$184.3b11.4x17.2x1.5x
Sat, 26 Aug 2023CA$3.2tCA$2.1tCA$184.8b11.5x17.4x1.5x
Mon, 24 Jul 2023CA$3.3tCA$2.1tCA$200.2b11.7x16.6x1.6x
Wed, 21 Jun 2023CA$3.2tCA$2.1tCA$200.3b11.1x15.9x1.5x
Fri, 19 May 2023CA$3.3tCA$2.2tCA$206.4b11.2x15.9x1.5x
Sun, 16 Apr 2023CA$3.4tCA$2.1tCA$217.2b10.6x15.5x1.6x
Tue, 14 Mar 2023CA$3.2tCA$2.1tCA$220.3b10.6x14.6x1.5x
Thu, 09 Feb 2023CA$3.4tCA$2.1tCA$246.1b11.1x13.8x1.6x
Sat, 07 Jan 2023CA$3.3tCA$2.1tCA$245.5b10.6x13.3x1.6x
Mon, 05 Dec 2022CA$3.4tCA$2.1tCA$243.2b10.9x14x1.6x
Wed, 02 Nov 2022CA$3.2tCA$2.0tCA$235.4b10x13.7x1.6x
Fri, 30 Sep 2022CA$3.1tCA$2.1tCA$241.0b9.5x12.9x1.5x
Sun, 28 Aug 2022CA$3.3tCA$2.0tCA$236.0b10.6x14.1x1.7x
Tue, 26 Jul 2022CA$3.2tCA$2.0tCA$230.7b10.5x13.8x1.6x
Thu, 23 Jun 2022CA$3.2tCA$2.0tCA$231.5b10.8x13.7x1.6x
Sat, 21 May 2022CA$3.4tCA$1.9tCA$226.9b11.5x15x1.7x
Price to Earnings Ratio

15x


Total Market Cap: CA$3.4tTotal Earnings: CA$226.9bTotal Revenue: CA$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 18.3x202320242025
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 18.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 8.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% 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 Market2.30%
Industrials4.97%
Energy4.92%
Financials3.29%
Consumer Discretionary3.03%
Telecom2.79%
Tech2.77%
Real Estate2.15%
Healthcare0.92%
Utilities-1.47%
Materials-2.59%
Consumer Staples-3.34%
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 249x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 24.1%, which is higher than its past year's earnings growth of 21.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 35% 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 6.0% 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
VERS VERSES AICA$3.850.5%
+CA$469.5b		-55.9%PS87323828.4xTech
CNQ Canadian Natural ResourcesCA$44.9314.4%
+CA$11.6b		-13.2%PE12.4xEnergy
BAM Brookfield Asset ManagementCA$81.277.2%
+CA$8.7b		49.0%PE138.1xFinancials
CP Canadian Pacific Kansas CityCA$109.468.2%
+CA$7.7b		-1.3%PE26.4xIndustrials
CNR Canadian National RailwayCA$146.598.1%
+CA$6.9b		-15.1%PE20.4xIndustrials
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VERS

CA$3.85

VERSES AI

7D

0.5%

1Y

-55.9%

ENB

CA$62.12

Enbridge

7D

-2.3%

1Y

23.0%

Revenue Beat: Enbridge Inc. Beat Analyst Estimates By 79%

May 13
Revenue Beat: Enbridge Inc. Beat Analyst Estimates By 79%

H

CA$48.78

Hydro One

7D

-7.8%

1Y

20.1%

Hydro One's (TSE:H) Upcoming Dividend Will Be Larger Than Last Year's

May 13
Hydro One's (TSE:H) Upcoming Dividend Will Be Larger Than Last Year's

WPM

CA$109.38

Wheaton Precious Metals

7D

-7.4%

1Y

44.8%

FNV

CA$220.07

Franco-Nevada

7D

-7.0%

1Y

27.1%

CNQ

CA$44.93

Canadian Natural Resources

7D

14.4%

1Y

-13.2%

CVE

CA$19.45

Cenovus Energy

7D

19.1%

1Y

-29.4%

IFC

CA$287.72

Intact Financial

7D

-7.0%

1Y

27.4%

TRP

CA$67.66

TC Energy

7D

-2.8%

1Y

28.1%

L

CA$214.56

Loblaw Companies

7D

-5.4%

1Y

37.8%

K

CA$19.18

Kinross Gold

7D

-8.7%

1Y

80.3%

BAM

CA$81.27

Brookfield Asset Management

7D

7.2%

1Y

49.0%

CNR

CA$146.59

Canadian National Railway

7D

8.1%

1Y

-15.1%

CP

CA$109.46

Canadian Pacific Kansas City

7D

8.2%

1Y

-1.3%

RY

CA$169.78

Royal Bank of Canada

7D

2.6%

1Y

19.3%

BMO

CA$141.98

Bank of Montreal

7D

5.1%

1Y

10.1%