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CTC.TO (CTC) Fair Value & Analysis

Consumer Cyclical · CA · Market cap C$11.1B (≈ $8.0B) · ISIN CA1366812024

What is CTC.TO really worth?

CT CTC.TO CTC · TO
PriceC$210.00
Fair ValueC$166.05
Upside−20.9%
Quality57/100

A solid business, but trading 26% above our fair value of C$166.05.

As of Sep 6, 2026, the fair value of CTC.TO is C$166.05 per share against a price of C$210.00, so the fair value sits 21% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Moderate debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +1.9 %/yr)
!Thin margins · 3.6% net margin
!Narrow moat 41/100
!Evidence only low, so the estimate is less certain

For context

·3.40% dividend yield
Evidence: Low Range C$94.90 – C$291.41

Fair value as of: Sep 6, 2026

From 25 valuation models · updated today

Share price −7.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (C$94.90 to C$291.41). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

C$380.75 C$144.99 Fair Value C$166.05 May 2017 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.

How to read this chart

60‑month range C$144.99 – C$380.75 · fair‑value band C$94.90 – C$291.41 · the C$210.00 price screens above the C$166.05 fair value. Dashed = 300-day average. As of Sep 6, 2026.

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Analysis

CTC.TO (CTC) currently trades at C$210.00, while our model-based Fair Value estimate is C$166.05, implying the stock looks roughly 26.5% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Multiples group reads highest at a median of C$233.69 per share, and 8 of the 25 models we run sit above the C$210.00 price. Bear case: the Growth DCF group reads lowest at C$50.52, and 17 of the 25 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, CTC.TO generated revenue of C$16.4B at a net margin of 3.6%. Revenue grew 3.3% year over year. It earns a return on equity of 10.8%. Net debt stands at C$9.2B. Fundamentals as of Sep 6, 2026

Our scenario range runs from C$94.90 (bear case) to C$291.41 (bull case); at C$210.00, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −11% fair-value upside, at −21%, CTC screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$3.38 per share, which is 2.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income C$94.74 C$104.84 C$148.94 76
Owner Earnings C$94.47 C$164.76 C$266.40 75
FCF DCF C$17.09 C$51.30 C$100.76 74
All 25 models by family
DCF Models
FCF DCF C$17.09 C$51.30 C$100.76 74
Owner Earnings C$94.47 C$164.76 C$266.40 75
5Y Revenue Exit C$111.33 C$226.33 C$371.21 70
5Y EBITDA Exit C$171.44 C$334.36 C$519.91 73
5Y P/E Exit C$68.66 C$149.65 C$231.55 69
10Y Revenue Exit C$68.73 C$165.03 C$289.74 63
10Y EBITDA Exit C$113.27 C$238.45 C$399.13 66
10Y P/E Exit C$48.77 C$112.92 C$187.00 61
Earnings-Based
Graham-Dodd C$72.23 C$180.72 C$234.51 65
PEG = 1.0 C$33.09 C$47.27 C$61.45 57
EPV C$150.70 C$185.19 C$215.37 74
Dividend Discount
Gordon GGM C$60.98 C$114.66 C$189.12 66
DDM Multi-Stage C$60.98 C$92.35 C$126.38 66
Multiples
P/E Multiple C$175.27 C$233.69 C$292.12 63
P/S Multiple C$135.44 C$180.58 C$225.73 58
P/B Multiple C$135.44 C$180.58 C$225.73 55
EV/EBIT C$291.52 C$407.45 C$523.37 66
EV/EBITDA C$301.85 C$421.22 C$540.59 67
EV/Revenue C$178.16 C$278.64 C$379.11 53
Asset-Based
NCAV (Graham) C$53.76 C$72.04 C$107.52 54
Growth DCF
Growth DCF C$19.06 C$50.52 C$93.91 74
Rev-Margin DCF C$111.33 C$225.08 C$347.39 71
Economic Profit
Residual Income C$94.74 C$104.84 C$148.94 76
ROIC Compounder C$157.35 C$208.64 C$267.99 72
Growth Earnings
Growth-Adj P/E C$134.63 C$192.33 C$250.02 67

Widest divergence: Multiples (C$233.69) versus Growth DCF (C$50.52). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 17.4 as of Jun 6, 2026
P/S ratio 0.62 P/E × margin
EPS (TTM) C$12.10 price ÷ EPS = P/E 17.4
Dividend yield 3.4% payout 59.1%
Net margin 3.5% FY2025
Return on equity 10.8% TTM
More key figures
Profitability
Return on assets (EBIT) 9.2% avg 5y
Operating margin 7.1% TTM
Growth
Revenue (TTM) C$16.4B TTM
Revenue growth (YoY) +3.3% 3y avg −2.9%
EPS growth (YoY) +203%
Balance sheet & cash flow
Free cash flow C$370M FY2025
Net debt C$9.2B FY2025 · ≈ 24.9 yrs of FCF

Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 53 · Market factors (momentum, volatility) 39

Profitability 40
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates through three segments: Retail, CT REIT, and Financial Services.

Full company description

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services comprising oil changes, tire installations, and repairs; roadside assistance; electrical, hardware, paint, plumbing, and tool products; cleaning, food and drink, home décor, home essentials, home organization, home environment, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products. This segment offers its products under the Canadian Tire, Canadian Tire Gas+, Pro Hockey Life, Mark's, PartSource, Helly Hansen, Party City, and SportChek brand names. This segment also participates in loyalty programs, as well as sells its products through online. The CT REIT segment operates as a closed-end real estate investment trust that holds a portfolio of properties comprising Canadian Tire stores, Canadian Tire anchored retail developments, industrial properties, mixed-use commercial property, and development properties. The Financial Services segment provides consumer credit cards; in-store financing to consumers; insurance products, and retail and broker deposits; and savings accounts and guaranteed investment certificates. Canadian Tire Corporation, Limited was founded in 1922 and is headquartered in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CTC.TO reported revenue of C$16.3B in FY2025 versus C$16.3B in FY2021, a compound +0.0%/yr. Reported net income was C$579M in FY2025, compounding −15.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$16.3B
Latest YoY
−0.3%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.9%
Avg. revenue growth/yr (30Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+0.1% · in CAD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−3.3%
Dividend yield3.4%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −3.3% vs 10Y 3.0%, flattening
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10.2% (2020) → 8.6% (2025) · falling
Worst earnings drop79% (2023) · in CAD
Revenue +0.0%/yr
FY21 C$16.3B
FY22 C$17.8B
FY23 C$16.7B
FY24 C$16.4B
FY25 C$16.3B
Net income −15.4%/yr
FY21 C$1.1B
FY22 C$1.0B
FY23 C$213M
FY24 C$888M
FY25 C$579M
Character of growth · EPS growth decomposed (2014-2025) +2.7 % p.a.
Revenue per share +7.2 %

of which total revenue +3.4 % · buybacks/dilution +3.7 %

EBIT margin +3.8 %
Tax rate −0.3 %
Residual (interest, one-offs) −7.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

CTC screens 26% overvalued. Compare with Alimentation Couche-Tard Inc →

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Cite: Fair Value Calculator (2026). "CTC.TO Fair Value". https://www.fairvalue-calculator.com/stock/CTC.TO

Peer Group

Specialty Retail · 218 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Dividend yield (TTM) 3.4% · Above median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 17.4× · Cheaper than median

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Sep 6, 2026).

Stock Price Fair Value vs Fair Value
Alimentation Couche-Tard Inc ATD C$89.93 C$104.32 +16%
Casey's General Stores, Inc CASY $755.47 $398.90 −47%
Williams-Sonoma, Inc WSM $235.09 $162.63 −31%
Ulta Beauty, Inc ULTA $537.10 $475.40 −11%
DICK'S Sporting Goods, Inc DKS $139.15 $233.87 +68%
Best Buy Co BBY $82.44 $108.04 +31%
China Tourism Group 601888 ¥54.97 ¥40.40 −27%
Tractor Supply Company TSCO $34.72 $35.52 +2%
Five Below, Inc FIVE $259.41 $117.29 −55%
Murphy USA Inc MUSA $574.12 $423.35 −26%

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Frequently asked questions

Is CTC.TO (CTC) overvalued or undervalued?
As of Sep 6, 2026, our model estimates a fair value of C$166.05 versus a price of C$210.00, about −21% upside (overvalued).
What is the fair value of CTC?
Our model-based fair value for CTC.TO is C$166.05 (as of Sep 6, 2026), built from audited fundamentals. The current price: C$210.00.
What is the quality score of CTC?
CTC.TO has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CTC.TO (CTC)?
Our model-based price target is the fair value of C$166.05 (as of Sep 6, 2026) from 25 valuation models. Cautious scenario C$94.90, optimistic scenario C$291.41. It is a calculation from audited fundamentals, not an analyst target.
What is the CTC.TO stock forecast for 2026?
Our models put fair value at C$166.05, about −21% upside versus a price of C$210.00 (overvalued). Cautious scenario C$94.90, optimistic scenario C$291.41. The calculation is refreshed regularly with new filings.
What is the revenue of CTC.TO (CTC)?
CTC.TO reported trailing-twelve-month revenue of about C$16.4B (latest available figure, as of Sep 6, 2026).
What is the net profit margin of CTC?
The net profit margin of CTC.TO is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does CTC.TO pay a dividend?
CTC.TO currently shows a dividend yield of about 3.40% relative to its recent price (as of Sep 6, 2026).
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