Header cover image

Canadian (TSX) Market Analysis & Valuation

UpdatedMay 16, 2025
DataAggregated Company Financials
Companies2279
  • 7D2.1%
  • 3M2.6%
  • 1Y10.8%
  • YTD3.8%

The market has climbed 2.1% in the last 7 days, lead by the Financials sector with a gain of 3.1%. The market is up 11% over the last 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 May 2025CA$4.0tCA$2.1tCA$180.5b14.3x22.4x1.9x
Sun, 13 Apr 2025CA$3.8tCA$2.1tCA$173.2b14.4x21.7x1.8x
Tue, 11 Mar 2025CA$3.9tCA$2.1tCA$175.3b14.7x22.5x1.8x
Thu, 06 Feb 2025CA$3.9tCA$2.1tCA$170.6b14.5x22.9x1.8x
Sat, 04 Jan 2025CA$3.9tCA$2.1tCA$169.2b14.4x23x1.8x
Mon, 02 Dec 2024CA$4.0tCA$2.1tCA$166.3b14.8x24x1.9x
Wed, 30 Oct 2024CA$3.9tCA$2.1tCA$168.1b15.4x23.3x1.8x
Fri, 27 Sep 2024CA$3.8tCA$2.1tCA$167.5b15.3x22.7x1.8x
Sun, 25 Aug 2024CA$3.7tCA$2.1tCA$166.6b15.2x22.3x1.8x
Tue, 23 Jul 2024CA$3.6tCA$2.1tCA$167.8b14.3x21.7x1.8x
Thu, 20 Jun 2024CA$3.5tCA$2.1tCA$167.4b14x20.7x1.7x
Sat, 18 May 2024CA$3.6tCA$2.0tCA$167.0b14.2x21.7x1.8x
Mon, 15 Apr 2024CA$3.5tCA$2.1tCA$174.6b14.1x20.2x1.7x
Wed, 13 Mar 2024CA$3.5tCA$2.1tCA$173.3b13.8x20.1x1.7x
Fri, 09 Feb 2024CA$3.4tCA$2.1tCA$174.6b12.9x19.2x1.6x
Sun, 07 Jan 2024CA$3.4tCA$2.1tCA$173.2b13x19.5x1.6x
Tue, 05 Dec 2023CA$3.3tCA$2.1tCA$172.0b12.2x19x1.6x
Thu, 02 Nov 2023CA$3.1tCA$2.1tCA$184.5b11.5x16.6x1.5x
Sat, 30 Sep 2023CA$3.2tCA$2.1tCA$185.1b11.5x17.2x1.5x
Mon, 28 Aug 2023CA$3.2tCA$2.1tCA$184.9b11.5x17.4x1.5x
Wed, 26 Jul 2023CA$3.3tCA$2.1tCA$200.1b11.8x16.6x1.6x
Fri, 23 Jun 2023CA$3.2tCA$2.1tCA$200.8b11x15.9x1.5x
Sun, 21 May 2023CA$3.3tCA$2.1tCA$206.3b11.1x15.9x1.5x
Tue, 18 Apr 2023CA$3.4tCA$2.1tCA$217.4b10.8x15.5x1.6x
Thu, 16 Mar 2023CA$3.2tCA$2.1tCA$220.0b10.6x14.4x1.5x
Sat, 11 Feb 2023CA$3.4tCA$2.0tCA$244.7b11.1x13.8x1.7x
Mon, 09 Jan 2023CA$3.3tCA$2.1tCA$245.4b10.6x13.3x1.6x
Wed, 07 Dec 2022CA$3.3tCA$2.1tCA$243.9b10.7x13.6x1.6x
Fri, 04 Nov 2022CA$3.2tCA$2.0tCA$235.5b9.9x13.5x1.6x
Sun, 02 Oct 2022CA$3.1tCA$2.1tCA$241.1b9.6x13x1.5x
Tue, 30 Aug 2022CA$3.3tCA$2.0tCA$236.1b10.6x14x1.7x
Thu, 28 Jul 2022CA$3.2tCA$2.0tCA$231.4b10.4x13.9x1.6x
Sat, 25 Jun 2022CA$3.1tCA$1.9tCA$231.3b10.6x13.6x1.6x
Mon, 23 May 2022CA$3.4tCA$1.9tCA$226.9b11.4x15x1.7x
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 22.4x which is higher than its 3-year average PE of 18.3x.
Past Earnings Growth
  • The earnings for Canadian listed companies have declined 7.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.7% 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 Market2.08%
Industrials5.68%
Financials3.13%
Energy2.51%
Consumer Discretionary2.06%
Healthcare1.92%
Real Estate1.47%
Telecom1.33%
Tech0.61%
Consumer Staples-0.79%
Utilities-0.91%
Materials-1.57%
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.
    • Analysts are expecting annual earnings growth of 24.9%, which is lower than the prior year's growth of 31.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.5% 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
RY Royal Bank of CanadaCA$174.194.4%
+CA$10.4b
20.7%PB2xFinancials
CP Canadian Pacific Kansas CityCA$113.7810.9%
+CA$10.4b
2.2%PE27.5xIndustrials
CNR Canadian National RailwayCA$150.957.0%
+CA$6.2b
-12.4%PE21xIndustrials
WCP Whitecap ResourcesCA$8.527.0%
+CA$5.8b
-17.8%PE11.5xEnergy
TD Toronto-Dominion BankCA$90.723.4%
+CA$5.2b
17.1%PB1.4xFinancials
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

This week we are back to our series on innovation and disruption, after a brief detour to honour Warren Buffett’s career. Specifically, we are looking at the field of automation and robotics...

Latest News

WCP

CA$8.52

Whitecap Resources

7D

7.0%

1Y

-17.8%

TD

CA$90.72

Toronto-Dominion Bank

7D

3.4%

1Y

17.1%

H

CA$49.70

Hydro One

7D

-5.5%

1Y

23.0%

CSU

CA$5,063.48

Constellation Software

7D

-2.3%

1Y

37.5%

SU

CA$50.24

Suncor Energy

7D

5.3%

1Y

-7.2%

WPM

CA$109.98

Wheaton Precious Metals

7D

-4.4%

1Y

44.6%

FNV

CA$222.04

Franco-Nevada

7D

-3.6%

1Y

29.6%

PAAS

CA$31.90

Pan American Silver

7D

-10.3%

1Y

13.7%

K

CA$19.19

Kinross Gold

7D

-6.7%

1Y

79.9%

CNR

CA$150.95

Canadian National Railway

7D

7.0%

1Y

-12.4%

CP

CA$113.78

Canadian Pacific Kansas City

7D

10.9%

1Y

2.2%

RY

CA$174.19

Royal Bank of Canada

7D

4.4%

1Y

20.7%

BMO

CA$143.65

Bank of Montreal

7D

4.1%

1Y

11.7%