Canadian (TSX) Market Analysis & Valuation
UpdatedMay 15, 2024
DataAggregated Company Financials
Companies2478
- 7D0.8%
- 3M8.0%
- 1Y10.3%
- YTD8.0%
Over the last 7 days, the market has remained flat, although notably the Healthcare sector gained 4.4% in that time. Meanwhile, the market is actually up 10% over the past year. Looking forward, earnings are forecast to grow by 13% 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 |
|---|---|---|---|---|---|---|
| Thu, 16 May 2024 | CA$3.6t | CA$2.0t | CA$167.8b | 14.1x | 21.5x | 1.8x |
| Sat, 13 Apr 2024 | CA$3.6t | CA$2.1t | CA$174.6b | 14.1x | 20.4x | 1.7x |
| Mon, 11 Mar 2024 | CA$3.5t | CA$2.1t | CA$173.3b | 13.7x | 20.1x | 1.7x |
| Wed, 07 Feb 2024 | CA$3.4t | CA$2.1t | CA$172.8b | 13.1x | 19.5x | 1.6x |
| Fri, 05 Jan 2024 | CA$3.4t | CA$2.1t | CA$173.1b | 13x | 19.5x | 1.6x |
| Sun, 03 Dec 2023 | CA$3.3t | CA$2.1t | CA$173.3b | 12.3x | 18.9x | 1.6x |
| Tue, 31 Oct 2023 | CA$3.1t | CA$2.1t | CA$184.5b | 11.6x | 16.6x | 1.5x |
| Thu, 28 Sep 2023 | CA$3.2t | CA$2.1t | CA$184.3b | 11.4x | 17.2x | 1.5x |
| Sat, 26 Aug 2023 | CA$3.2t | CA$2.1t | CA$184.8b | 11.5x | 17.4x | 1.5x |
| Mon, 24 Jul 2023 | CA$3.3t | CA$2.1t | CA$200.2b | 11.7x | 16.6x | 1.6x |
| Wed, 21 Jun 2023 | CA$3.2t | CA$2.1t | CA$200.3b | 11.1x | 15.9x | 1.5x |
| Fri, 19 May 2023 | CA$3.3t | CA$2.2t | CA$206.4b | 11.2x | 15.9x | 1.5x |
| Sun, 16 Apr 2023 | CA$3.4t | CA$2.1t | CA$217.2b | 10.6x | 15.5x | 1.6x |
| Tue, 14 Mar 2023 | CA$3.2t | CA$2.1t | CA$220.3b | 10.6x | 14.6x | 1.5x |
| Thu, 09 Feb 2023 | CA$3.4t | CA$2.1t | CA$246.1b | 11.1x | 13.8x | 1.6x |
| Sat, 07 Jan 2023 | CA$3.3t | CA$2.1t | CA$245.5b | 10.6x | 13.3x | 1.6x |
| Mon, 05 Dec 2022 | CA$3.4t | CA$2.1t | CA$243.2b | 10.9x | 14x | 1.6x |
| Wed, 02 Nov 2022 | CA$3.2t | CA$2.0t | CA$235.4b | 10x | 13.7x | 1.6x |
| Fri, 30 Sep 2022 | CA$3.1t | CA$2.1t | CA$241.0b | 9.5x | 12.9x | 1.5x |
| Sun, 28 Aug 2022 | CA$3.3t | CA$2.0t | CA$236.0b | 10.6x | 14.1x | 1.7x |
| Tue, 26 Jul 2022 | CA$3.2t | CA$2.0t | CA$230.7b | 10.5x | 13.8x | 1.6x |
| Thu, 23 Jun 2022 | CA$3.2t | CA$2.0t | CA$231.5b | 10.8x | 13.7x | 1.6x |
| Sat, 21 May 2022 | CA$3.4t | CA$1.9t | CA$226.9b | 11.5x | 15x | 1.7x |
| Mon, 18 Apr 2022 | CA$3.7t | CA$1.9t | CA$212.0b | 12.6x | 17.3x | 2x |
| Wed, 16 Mar 2022 | CA$3.6t | CA$1.9t | CA$213.9b | 12.7x | 16.6x | 1.9x |
| Fri, 11 Feb 2022 | CA$3.6t | CA$1.8t | CA$195.0b | 13x | 18.4x | 2x |
| Sun, 09 Jan 2022 | CA$3.5t | CA$1.8t | CA$188.9b | 13x | 18.4x | 2x |
| Tue, 07 Dec 2021 | CA$3.4t | CA$1.8t | CA$189.6b | 12.1x | 17.9x | 1.9x |
| Thu, 04 Nov 2021 | CA$3.5t | CA$1.7t | CA$176.9b | 13.4x | 19.6x | 2x |
| Sat, 02 Oct 2021 | CA$3.3t | CA$1.7t | CA$169.9b | 12.6x | 19.3x | 1.9x |
| Mon, 30 Aug 2021 | CA$3.3t | CA$1.7t | CA$167.5b | 12.9x | 19.7x | 2x |
| Tue, 06 Jul 2021 | CA$3.2t | CA$1.7t | CA$161.3b | 13.3x | 20.1x | 2x |
Price to Earnings Ratio
25.3x
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 21.5x which is higher than its 3-year average PE of 17.1x.
Past Earnings Growth
- The earnings for Canadian listed companies have grown 9.9% per year over the last three years.
- Revenues for these companies have grown 8.9% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Canadian Market?
| CA Market | 0.75% | |
| Healthcare | 4.40% | |
| Materials | 2.91% | |
| Consumer Staples | 1.96% | |
| Telecom | 1.72% | |
| Utilities | 1.59% | |
| Financials | 1.26% | |
| Real Estate | 0.57% | |
| Consumer Discretionary | -0.018% | |
| Industrials | -0.27% | |
| Energy | -0.79% | |
| Tech | -1.75% | |
Sector PE
- Investors favour the Materials sector the most for future growth, which is trading above its 3-year average PE ratio of 130x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 29.3% which is higher than its past year's earnings decline of 18.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 77% over the next 5 years.
- This is better than its past earnings growth rate of 18% per year.
- In contrast, the Consumer Staples sector is expected to see its earnings grow by 6.2% 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 | |
|---|---|---|---|---|---|---|
| RY Royal Bank of Canada | CA$143.52 | 2.6% +CA$5.1b | 11.6% | PB1.9x | Financials | |
| MFC Manulife Financial | CA$35.55 | 5.8% +CA$3.5b | 36.7% | PE15x | Financials | |
| BAM Brookfield Asset Management | CA$54.46 | 1.3% +CA$1.8b | 28.3% | PE39.1x | Financials | |
| TECK.B Teck Resources | CA$70.95 | 4.1% +CA$1.5b | 22.6% | PE22.8x | Materials | |
| BMO Bank of Montreal | CA$129.56 | 1.6% +CA$1.5b | 8.3% | PB1.3x | Financials |
