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Canadian (TSX) Real Estate Development Industry Analysis

UpdatedOct 30, 2023
DataAggregated Company Financials
  • 7D0.2%
  • 3M-10.5%
  • 1Y-21.8%
  • YTD-21.9%

Over the last 7 days, the Real Estate Development industry has remained flat, although notably Genesis Land Development gained 3.6%. Unfortunately though, the industry is down 22% over the past 12 months.

Industry Valuation and Performance

Has the Canadian Real Estate Development Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Oct 2023CA$1.2bCA$797.0mCA$133.8m9.2x9.3x1.6x
Thu, 28 Sep 2023CA$1.3bCA$797.0mCA$133.8m9.1x10x1.7x
Sat, 26 Aug 2023CA$1.4bCA$797.0mCA$133.1m9x10.6x1.8x
Mon, 24 Jul 2023CA$1.4bCA$745.3mCA$284.4m4.7x4.8x1.8x
Wed, 21 Jun 2023CA$1.4bCA$745.3mCA$284.4m4.8x4.9x1.9x
Fri, 19 May 2023CA$1.5bCA$745.3mCA$284.1m5x5.1x2x
Sun, 16 Apr 2023CA$1.6bCA$730.0mCA$290.5m5.2x5.5x2.2x
Tue, 14 Mar 2023CA$1.6bCA$804.4mCA$298.1m5x5.3x2x
Thu, 09 Feb 2023CA$1.8bCA$759.2mCA$430.8m3.9x4.1x2.3x
Sat, 07 Jan 2023CA$1.6bCA$759.2mCA$430.8m3.6x3.8x2.1x
Mon, 05 Dec 2022CA$1.8bCA$759.2mCA$430.8m3.9x4.1x2.3x
Wed, 02 Nov 2022CA$1.6bCA$736.0mCA$355.5m4.2x4.6x2.2x
Fri, 30 Sep 2022CA$1.6bCA$736.0mCA$355.5m4.1x4.4x2.1x
Sun, 28 Aug 2022CA$1.8bCA$736.2mCA$356.9m4.8x5.1x2.5x
Tue, 26 Jul 2022CA$2.0bCA$769.2mCA$264.9m7.2x7.5x2.6x
Thu, 23 Jun 2022CA$2.0bCA$769.2mCA$264.9m7.2x7.5x2.6x
Sat, 21 May 2022CA$2.6bCA$768.6mCA$260.5m9.2x9.9x3.4x
Mon, 18 Apr 2022CA$2.9bCA$753.5mCA$145.6m16.8x20.2x3.9x
Wed, 16 Mar 2022CA$2.9bCA$683.9mCA$100.7m32.9x28.8x4.2x
Fri, 11 Feb 2022CA$2.5bCA$575.7m-CA$15,935,353.0042.5x-156.3x4.3x
Sun, 09 Jan 2022CA$2.3bCA$575.7m-CA$15,935,353.0041x-146.7x4.1x
Tue, 07 Dec 2021CA$2.2bCA$575.4m-CA$15,807,986.0041.5x-139.2x3.8x
Thu, 04 Nov 2021CA$2.1bCA$602.1m-CA$64,659,507.00107.8x-31.8x3.4x
Sat, 02 Oct 2021CA$1.9bCA$602.1m-CA$64,659,507.00111.2x-29.8x3.2x
Mon, 30 Aug 2021CA$1.8bCA$602.1m-CA$64,659,507.0093.7x-27.9x3x
Tue, 06 Jul 2021CA$1.8bCA$602.1m-CA$64,659,507.0099.8x-28.3x3x
Fri, 09 Apr 2021CA$1.6bCA$559.8m-CA$120,856,133.0010.4x-13.1x2.8x
Thu, 31 Dec 2020CA$1.5bCA$682.2mCA$140.1m27.2x10.5x2.2x
Price to Earnings Ratio


Total Market Cap: CA$1.1bTotal Earnings: CA$562.3mTotal Revenue: CA$1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Real Estate Development Industry Price to Earnings3Y Average -13.2x202120222023
Current Industry PE
  • Investors are pessimistic on the Canadian Real Estate Development industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 9.3x which is higher than its 3-year average PE of -12.8x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate Development industry have declined 38% per year over the last three years,
  • Revenues have also declined 7.9% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Real Estate Development compare with similar industries?

CA Market-1.70%
Real Estate-1.97%
Real Estate0.018%
Real Estate Development0.21%
Real Estate Services0.23%
Real Estate Operating Companies-0.33%
Diversified Real Estate-1.93%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GDC Genesis Land DevelopmentCA$2.4911.2%
DRM Dream UnlimitedCA$17.161.2%
MRD Melcor DevelopmentsCA$11.251.6%
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