Value Investing
Canadian
Last update:

Best Low P/E Canadian Stocks Right Now

Looking for low P/E Canada stocks? This page highlights companies trading at relatively low valuations compared to earnings, while also checking for quality and financial strength.

Low P/E Canadian stocks list

This list shows Canadian stocks trading at low earnings multiples, filtered further for quality and investability. Stocks are sorted by market capitalization, highlighting larger low P/E companies first.

SymbolCompanySectorPriceMarket CapFPEFA Rating% Chg1M %3M %
ABX.CA BARRICK MINING CORPMaterials56.1494.06B9.307 / 101.96%8.15%-19.75%
PLTR.CA Palantir CDRInformation Technology10.926.06B5.958 / 101.11%-3.28%-16.22%
MU.CA Micron CDRInformation Technology21.9524.75B0.168 / 102.95%39.19%-75.37%
UBER.CA Uber CDRIndustrials11.0322.47B2.336 / 100.00%5.35%-9.96%
GIB-A.CA CGI INCInformation Technology99.3421.33B9.896 / 10-0.70%-1.39%-18.83%
IMG.CA IAMGOLD CORPMaterials23.5213.64B7.297 / 100.43%0.30%-18.02%
SSRM.CA SSR MINING INCMaterials41.739.03B6.907 / 102.08%22.16%15.98%
TXG.CA TOREX GOLD RESOURCES INCMaterials61.155.73B6.247 / 100.26%9.27%-23.57%
SMCI.CA Super Micro Information Technology9.465.68B2.257 / 108.49%30.30%-9.04%
WGX.CA WESTGOLD RESOURCES LTDMaterials5.975.64B5.917 / 10-0.50%18.22%-17.54%
Last update:

Note: This table shows a subset of the stocks matching the screen criteria. The full list of stocks can be viewed in the Stock Screener tool.

  • Click the symbol or name to view the stock's profile.
  • Click the FA Rating to view the stock's fundamental analysis.

Why low P/E stocks matter

A low P/E ratio can indicate undervaluation, but it can also signal a weak or deteriorating business. That is why combining low P/E with other quality indicators is essential.

How to find low P/E stocks

Strong low P/E candidates typically combine cheap valuation with positive earnings, solid balance sheets, and enough liquidity to make the stocks investable.

The Canadian Low P/E Stocks Screener

These are the rules used to build this stock list.

Methodology

We start with Canadian-listed stocks and focus on companies with low price-to-earnings ratios. To avoid value traps, we combine low valuation with profitability, financial health, and liquidity filters.

Screener Filters

Liquidity Filters

Average Volume above 50K

We require a minimum average daily volume of 50,000 shares to ensure sufficient liquidity for investors.

Market Cap above $300M

We exclude very small companies to avoid illiquid and highly speculative stocks.

Valuation Filters

Forward P/E below 12

A low forward P/E helps identify stocks trading at inexpensive valuations relative to expected earnings.

Price-to-Book below 3

A reasonable price-to-book ratio provides an additional valuation check.

Quality Filters

Positive Earnings

Companies must be profitable to avoid weak businesses that only appear cheap on paper.

Strong Financial Health

Financial health reduces the risk of selecting distressed companies with low valuation multiples.

FAQ

What is a low P/E stock?

A low P/E stock is a company trading at a relatively low price compared with its earnings. Investors often use the price-to-earnings ratio as a quick starting point when looking for value opportunities in Canada.


Is a low P/E ratio always a good sign?

No. A low P/E can also reflect weak growth, poor profitability, or rising business risk. Investors usually combine P/E with quality and balance-sheet checks before calling a stock truly attractive.


How does the Low P/E Stocks screen work?

We start with Canadian-listed stocks and focus on companies with low price-to-earnings ratios. To avoid value traps, we combine low valuation with profitability, financial health, and liquidity filters.


What should investors look for when using the Low P/E Stocks screen?

Strong low P/E candidates typically combine cheap valuation with positive earnings, solid balance sheets, and enough liquidity to make the stocks investable.