The valuation snapshot favors Algonquin on all three available multiples. Both companies also report low trailing returns on equity.
Canadian Utilities Limited (CU.TO) and Algonquin Power & Utilities Corp. (AQN.TO) are both utilities, so they offer a useful same-industry comparison. At the latest adjusted closes on November 9, 2026, CU was C$52.02 and AQN was C$7.98. Share prices alone don’t show which stock offers better value. The supplied P/E, PEG and P/B figures are all lower for AQN, but that doesn’t prove either stock is undervalued or predict future performance. See our pages for Canadian Utilities and Algonquin Power & Utilities.
Investor takeaway: AQN has lower P/E, PEG and P/B figures in this snapshot. That doesn’t establish fair value, business quality or future returns. Both companies also report low TTM ROE, and the supplied analyst consensus label is Strong Sell for each. Consider these figures alongside company-specific risks and your own research.
Stocks in this list
Live snapshots — open any name for the full quote and Wealth Awesome price forecast.
Canadian Utilities Limited
CU.TO
Utilities
$52.02
$14.17B
1D
-0.33%
1W
+1.15%
Algonquin Power & Utilities Corp
AQN.TO
Utilities
$7.98
$6.14B
1D
+2.31%
1W
+1.66%
AQN is lower on all three supplied valuation multiples
AQN’s P/E is 24.9, compared with 371.6 for CU. Its PEG is 1.30 versus 2.64, and its P/B is 0.98 versus 2.86. AQN therefore looks cheaper on the available multiples. But those figures alone don’t show that it’s undervalued or indicate how either stock will perform.
Bull case
AQN’s P/E of 24.9, PEG of 1.30 and P/B of 0.98 are all below CU’s corresponding figures. Its reported TTM ROE is also slightly higher, at 2.2% versus 1.9% for CU. These figures may help investors compare valuation and profitability, but they don’t explain what’s driving the results.
Bear case
AQN’s lower multiples don’t prove it’s undervalued, and its 2.2% TTM ROE is still modest. Both companies have a Strong Sell consensus label in the supplied table. This snapshot doesn’t include the business outlook or risk details needed to explain the valuation gap.
The valuation comparison favours AQN on the available multiples
AQN’s P/E is 24.9, PEG is 1.30 and P/B is 0.98. CU’s corresponding figures are 371.6, 2.64 and 2.86. AQN therefore screens cheaper on all three measures. The difference is especially large for P/E, but that single figure doesn’t explain why the companies have different valuations. Lower multiples don’t show on their own that a stock is mispriced or settle how the businesses compare on prospects and risk.
Income, returns and analyst labels add context
CU’s dividend yield is 3.54%, compared with 3.33% for AQN. Reported TTM ROE is 1.9% for CU and 2.2% for AQN. Both are low in this snapshot, though AQN’s is slightly higher. CU’s market capitalization is C$14.2B, compared with C$6.1B for AQN. The supplied analyst consensus label is Strong Sell for both, and the analyst target is C$0.00 for each. These figures are only a snapshot, not a complete assessment of either company. Use the multiples as a starting point, then review the underlying business information and risks.
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