The S&P/TSX Composite P/E ratio is 16.9x as of Apr 2026. The S&P/TSX Composite index is at 27,000 points.
Valuation is near historical average. The 20-year average P/E for the S&P/TSX Composite is approximately 17.0x.
Historical P/E ratios for the S&P/TSX Composite with data going back to 1997, showing Canadian market valuation across cycles.
The S&P/TSX Composite Price-to-Earnings ratio measures the aggregate valuation of Canada's benchmark stock index, covering the largest companies on the Toronto Stock Exchange.
Popular ETFs include iShares Core S&P/TSX Capped Composite (XIC.TO), BMO S&P/TSX Capped Composite (ZCN.TO), and Vanguard FTSE Canada All Cap (VCN.TO).
The Canadian market is concentrated in financials (banks, insurers), energy (oil & gas), and materials (mining), reflecting Canada's resource-rich economy.
Click any stock to see what 10,000 invested 10 years ago would be worth today.