Canada stocks - Ceta Research

EV/EBITDA sector-relative strategy on TSX vs S&P 500 cumulative returns 2001-2025. Strategy returned 655.27% total vs 530.71% for SPY.

Canada stocks

EV/EBITDA Sector-Relative Value on Canada: An Honest Assessment

We ran a sector-relative EV/EBITDA screen on 24 years of Canadian stock data from the TSX. The signal: buy when a stock's EV/EBITDA falls below 70% of its sector median, filtered for quality. The result: 8.42% CAGR vs 7.64% SPY. On the surface, that&

Growth of $10,000 invested in the Compounding Equity Screen Canada vs S&P 500 from 2000 to 2025.

equity growth

Compounding Equity Screen Canada: Closest to Benchmark, Fails in 2008

We backtested the Compounding Equity Screen on TSX stocks from 2000 to 2025. The portfolio returned 6.82% annually vs 7.83% for the S&P 500. That -1.01% annual gap is the smallest shortfall of any market tested. Canada came closest to matching the benchmark across all

P/E compression

Canada P/E Compression: Best Downside Protection at 24% Down-Capture

We tested P/E compression mean reversion on 25 years of Canadian stock data from the TSX. The strategy returned 8.75% annually (CAD-denominated) vs 7.64% for SPY, with 1.11% excess return. The defining characteristic: 24% down-capture, the best downside protection among all tested markets. When SPY lost