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Canadian (TSX) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies2454
  • 7D-1.5%
  • 3M-1.0%
  • 1Y9.1%
  • YTD4.3%

Over the last 7 days, the market has dropped 1.5%, driven by declines in the Energy and Financials sectors of 2.2% and 1.2%, respectively. As for the longer term, the market has actually risen by 9.1% in the last 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
Wed, 19 Jun 2024CA$3.5tCA$2.1tCA$167.4b14.1x20.8x1.7x
Fri, 17 May 2024CA$3.6tCA$2.0tCA$167.7b14.2x21.6x1.8x
Sun, 14 Apr 2024CA$3.6tCA$2.1tCA$174.6b14.1x20.4x1.7x
Tue, 12 Mar 2024CA$3.5tCA$2.1tCA$173.2b13.7x20.1x1.7x
Thu, 08 Feb 2024CA$3.4tCA$2.1tCA$172.9b13x19.4x1.6x
Sat, 06 Jan 2024CA$3.4tCA$2.1tCA$173.1b13x19.5x1.6x
Mon, 04 Dec 2023CA$3.3tCA$2.1tCA$171.9b12.4x19.1x1.6x
Wed, 01 Nov 2023CA$3.1tCA$2.1tCA$184.3b11.6x16.6x1.5x
Fri, 29 Sep 2023CA$3.2tCA$2.1tCA$184.4b11.5x17.3x1.5x
Sun, 27 Aug 2023CA$3.2tCA$2.1tCA$184.9b11.5x17.4x1.5x
Tue, 25 Jul 2023CA$3.3tCA$2.1tCA$200.1b11.8x16.6x1.6x
Thu, 22 Jun 2023CA$3.2tCA$2.1tCA$200.2b11.1x15.9x1.5x
Sat, 20 May 2023CA$3.3tCA$2.2tCA$206.2b11.1x15.9x1.5x
Mon, 17 Apr 2023CA$3.4tCA$2.1tCA$217.3b10.6x15.5x1.6x
Wed, 15 Mar 2023CA$3.2tCA$2.1tCA$220.1b10.6x14.6x1.5x
Fri, 10 Feb 2023CA$3.4tCA$2.1tCA$245.8b11.1x13.7x1.6x
Sun, 08 Jan 2023CA$3.3tCA$2.1tCA$245.4b10.6x13.3x1.6x
Tue, 06 Dec 2022CA$3.4tCA$2.1tCA$243.5b10.7x13.8x1.6x
Thu, 03 Nov 2022CA$3.2tCA$2.0tCA$235.5b9.9x13.5x1.6x
Sat, 01 Oct 2022CA$3.1tCA$2.1tCA$241.1b9.6x13x1.5x
Mon, 29 Aug 2022CA$3.3tCA$2.0tCA$235.9b10.6x14.1x1.7x
Wed, 27 Jul 2022CA$3.2tCA$2.0tCA$230.8b10.3x13.8x1.6x
Fri, 24 Jun 2022CA$3.1tCA$2.0tCA$231.6b10.4x13.5x1.6x
Sun, 22 May 2022CA$3.4tCA$1.9tCA$226.9b11.4x15x1.7x
Tue, 19 Apr 2022CA$3.7tCA$1.9tCA$212.1b12.7x17.3x2x
Thu, 17 Mar 2022CA$3.6tCA$1.9tCA$213.7b12.7x16.8x1.9x
Sat, 12 Feb 2022CA$3.6tCA$1.8tCA$197.0b13x18.3x2x
Mon, 10 Jan 2022CA$3.5tCA$1.8tCA$188.9b13x18.4x2x
Wed, 08 Dec 2021CA$3.4tCA$1.8tCA$189.6b12.1x17.9x1.9x
Fri, 05 Nov 2021CA$3.5tCA$1.7tCA$179.5b13.4x19.4x2x
Sun, 03 Oct 2021CA$3.3tCA$1.7tCA$169.9b12.6x19.4x2x
Tue, 31 Aug 2021CA$3.3tCA$1.7tCA$167.5b12.9x19.7x2x
Wed, 07 Jul 2021CA$3.2tCA$1.7tCA$161.3b13.3x20.1x2x
Price to Earnings Ratio

20.1x


Total Market Cap: CA$3.2tTotal Earnings: CA$161.3bTotal Revenue: CA$1.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Market Price to Earnings3Y Average 17x202220232024
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 20.8x which is higher than its 3-year average PE of 17.0x.
Past Earnings Growth
  • The earnings for Canadian listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 7.2% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market-1.51%
Consumer Discretionary0.096%
Tech-0.053%
Real Estate-0.96%
Industrials-1.08%
Financials-1.17%
Consumer Staples-1.45%
Materials-1.54%
Energy-2.20%
Utilities-3.40%
Telecom-3.56%
Healthcare-4.40%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 148x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 32.7% which is higher than its past year's earnings decline of 17.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 78% over the next 5 years.
  • This is better than its past earnings growth rate of 62% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 6.3% 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
CWB Canadian Western BankCA$42.2969.9%
+CA$1.7b		71.0%PB1xFinancials
CP Canadian Pacific Kansas CityCA$106.481.0%
+CA$960.8m		3.8%PE25.5xIndustrials
CLS CelesticaCA$81.1210.8%
+CA$937.4m		315.1%PE21.8xTech
CCO CamecoCA$71.892.9%
+CA$878.0m		70.0%PE133.1xEnergy
ATRL AtkinsRéalis GroupCA$58.767.8%
+CA$749.1m		77.0%PE33.9xIndustrials
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Richard Bowman
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Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

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GFL

CA$52.60

GFL Environmental

7D

3.3%

1Y

6.8%

NA

CA$107.47

National Bank of Canada

7D

-7.6%

1Y

9.5%

ATRL

CA$58.76

AtkinsRéalis Group

7D

7.8%

1Y

77.0%

BITF

CA$4.32

Bitfarms

7D

39.4%

1Y

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CLS

CA$81.12

Celestica

7D

10.8%

1Y

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CWB

CA$42.29

Canadian Western Bank

7D

69.9%

1Y

71.0%

RY

CA$142.39

Royal Bank of Canada

7D

-1.7%

1Y

14.1%

ABX

CA$22.52

Barrick Gold

7D

1.2%

1Y

6.0%

CP

CA$106.48

Canadian Pacific Kansas City

7D

1.0%

1Y

3.8%

CCO

CA$71.89

Cameco

7D

2.9%

1Y

70.0%

CNQ

CA$47.27

Canadian Natural Resources

7D

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1Y

34.0%

BCE

CA$44.57

BCE

7D

-4.9%

1Y

-25.3%

ENB

CA$47.75

Enbridge

7D

-2.1%

1Y

-2.2%

CNR

CA$162.49

Canadian National Railway

7D

-4.1%

1Y

4.6%

SU

CA$50.78

Suncor Energy

7D

-3.1%

1Y

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TRI

CA$228.49

Thomson Reuters

7D

-2.4%

1Y

27.7%