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Canadian (TSX) Market Analysis & Valuation

UpdatedJul 09, 2024
DataAggregated Company Financials
Companies2403
  • 7D1.0%
  • 3M-0.9%
  • 1Y10.9%
  • YTD6.6%

The market has been flat over the last week. More promisingly, the market is up 11% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jul 2024CA$3.5tCA$2.0tCA$166.7b14x21.3x1.7x
Thu, 06 Jun 2024CA$3.6tCA$2.0tCA$167.3b14.3x21.3x1.7x
Sat, 04 May 2024CA$3.5tCA$2.1tCA$170.9b14x20.5x1.7x
Mon, 01 Apr 2024CA$3.6tCA$2.0tCA$173.4b14x20.5x1.7x
Wed, 28 Feb 2024CA$3.4tCA$2.1tCA$172.6b13.8x19.8x1.7x
Fri, 26 Jan 2024CA$3.4tCA$2.1tCA$174.0b12.9x19.5x1.6x
Sun, 24 Dec 2023CA$3.4tCA$2.1tCA$172.8b13.2x19.5x1.6x
Tue, 21 Nov 2023CA$3.2tCA$2.1tCA$179.8b12x18x1.6x
Thu, 19 Oct 2023CA$3.2tCA$2.1tCA$185.3b11.6x17x1.5x
Sat, 16 Sep 2023CA$3.3tCA$2.1tCA$184.5b12x17.8x1.6x
Mon, 14 Aug 2023CA$3.3tCA$2.1tCA$187.8b11.7x17.6x1.6x
Wed, 12 Jul 2023CA$3.2tCA$2.1tCA$200.2b11.3x16.1x1.5x
Fri, 09 Jun 2023CA$3.2tCA$2.1tCA$199.7b11.1x16.2x1.5x
Sun, 07 May 2023CA$3.3tCA$2.1tCA$209.9b11.2x15.8x1.6x
Tue, 04 Apr 2023CA$3.3tCA$2.1tCA$217.5b10.6x15.2x1.6x
Thu, 02 Mar 2023CA$3.3tCA$2.1tCA$226.7b10.9x14.7x1.6x
Sat, 28 Jan 2023CA$3.4tCA$2.1tCA$245.1b10.9x13.9x1.6x
Mon, 26 Dec 2022CA$3.2tCA$2.1tCA$245.9b10.4x13.1x1.6x
Wed, 23 Nov 2022CA$3.3tCA$2.1tCA$239.0b10.4x14x1.6x
Fri, 21 Oct 2022CA$3.1tCA$2.1tCA$240.9b9.6x13x1.5x
Sun, 18 Sep 2022CA$3.3tCA$2.1tCA$239.8b10.3x13.7x1.6x
Tue, 16 Aug 2022CA$3.4tCA$2.0tCA$236.7b10.6x14.2x1.7x
Thu, 14 Jul 2022CA$3.1tCA$2.0tCA$231.4b10.1x13.4x1.6x
Sat, 11 Jun 2022CA$3.4tCA$1.9tCA$230.8b11.7x14.8x1.8x
Mon, 09 May 2022CA$3.5tCA$1.9tCA$221.1b11.9x15.7x1.8x
Wed, 06 Apr 2022CA$3.7tCA$1.9tCA$211.6b12.8x17.3x2x
Fri, 04 Mar 2022CA$3.6tCA$1.8tCA$209.9b13.1x17x1.9x
Sun, 30 Jan 2022CA$3.4tCA$1.8tCA$189.9b12.5x18.1x1.9x
Tue, 28 Dec 2021CA$3.5tCA$1.8tCA$189.4b12.6x18.3x1.9x
Thu, 25 Nov 2021CA$3.5tCA$1.8tCA$188.9b12.8x18.5x2x
Sat, 23 Oct 2021CA$3.5tCA$1.7tCA$169.6b13.5x20.5x2.1x
Mon, 20 Sep 2021CA$3.3tCA$1.7tCA$168.9b12.8x19.8x2x
Wed, 18 Aug 2021CA$3.2tCA$1.7tCA$167.5b12.5x19.4x1.9x
Price to Earnings Ratio

19.6x


Total Market Cap: CA$3.3tTotal Earnings: CA$167.5bTotal 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 21.3x 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 6.9% 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 and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Canadian Market?

CA Market0.99%
Consumer Staples2.94%
Materials2.77%
Tech2.20%
Real Estate2.18%
Consumer Discretionary1.40%
Financials1.05%
Utilities0.70%
Healthcare0.098%
Industrials-0.086%
Energy-0.36%
Telecom-0.65%
Sector PE
  • Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 157x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 33.4% which is higher than its past year's earnings decline of 14.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 72% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 7.3% 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
RY Royal Bank of CanadaCA$149.102.4%
+CA$4.9b		19.0%PB1.9xFinancials
ATD Alimentation Couche-TardCA$79.373.4%
+CA$2.5b		21.9%PE20.4xConsumer Staples
CSU Constellation SoftwareCA$4.05k2.7%
+CA$2.3b		54.8%PE109.2xTech
WPM Wheaton Precious MetalsCA$76.586.8%
+CA$2.2b		36.5%PE43.2xMaterials
BN BrookfieldCA$58.302.5%
+CA$2.2b		35.5%PE70.1xFinancials
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IVN

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