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← CockpitCompetitor Analysis › CF.TO Canaccord Genuity Group Inc.Open in the cockpit ↗

Canaccord Genuity Group Inc.CF.TOCompetitor analysis, valuation and peers

Canada · CAD·Financials›Investment Banks/Brokers

Canadian independent investment bank and wealth management firm, providing capital markets, advisory and brokerage services globally.

≈ An independent investment bank like a smaller Piper SandlerMomentum strong 77
Mkt cap
$1.08B
US dollars, full cap
Free float
75%
of shares outstanding
$/day
$1.38M
20-day average traded
P/B
2.59×
price to book
ROE
-11.2%
delivered
Implied ROE
26.5%
what the price asks
Close · CADC$14.63
1D-0.2%
1W+5.7%
1M+4.3%
3M+1.8%
6M+17.1%
YTD+32.3%
1Y+25.4%
ATR %2.7%
52w lowhigh5.9% off high

What Canaccord Genuity does

Canadian independent investment bank and wealth management firm, providing capital markets, advisory and brokerage services globally.

Capital markets is paid in underwriting, advisory and trading commissions, which swing with deal activity, while wealth management earns steadier fees on client assets in Canada, the UK and Australia. The firm focuses on small and mid-sized growth companies, in sectors such as mining, technology and life sciences.

In one line: An independent investment bank like a smaller Piper Sandler.

Products and services

  • Investment banking/advisory
  • Capital markets (equity/debt underwriting)
  • Wealth management

Customers

  • Corporate issuers (small/mid-cap)
  • Institutional and retail wealth clients

Where it sits in the supply chain

  • Financial services
  • Investment banking/capital markets
  • Wealth management

What could go right

  • Capital markets/IPO activity recovery
  • Wealth management AUM growth

What could go wrong

  • Capital markets activity cyclicality
  • Talent retention/compensation cost pressure

Moat: narrow (brand, distribution). Established mid-market investment banking franchise and global offices give distribution scale over smaller boutiques.

Headquarters: Toronto, Canada · Founded: 1950 · Employees: 3,138

Named competitors

Canaccord Genuity at a glance

Size Canaccord Genuity (CF.TO) is a Canada Financials company (Investment Banks/Brokers) with a market value of $1.08B, the 242nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$14.63 on 6 Nov 2026.

Performance Over six months the shares gained 17.1%, against -12.4% for the median peer and +5.2% for the Canada market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 32.1% over the last twelve months (peer median +14.9%); the operating margin is 12.1% (peer median 33.1%).

Valuation It trades at 2.59× book value against a peer median of 1.37× (8th most expensive of 21).

Price implies The share price implies a return on equity of about 26.5%; Canaccord Genuity delivers -11.2%, so the price asks more than the business earns today.

Relative performance

10012011 May 202611 Aug 20266 Nov 2026CF.TO 117Peer median 89
Six months, rebased to 100: Canaccord Genuity against the median of its 20 peers (local-currency closes).

Canaccord Genuity financials

Reported figures in CAD; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$2.36BC$2.24BC$1.77BC$1.48BC$1.51B
Revenue growth—+27%+20%-2%—
Gross profitC$2.19BC$2.06BC$1.60BC$1.33BC$1.35B
EBITDAC$373MC$316MC$269MC$226MC$184M
Net income-C$93.4M-C$133M-C$17.5M-C$13.2M-C$90.1M
Free cash flowC$248MC$873MC$426M-C$116M-C$934M
Capital expenditureC$14.3MC$9.11MC$79.2MC$25.7MC$28.4M
Total debtC$1.40BC$1.38BC$1.37BC$1.10BC$990M

Quarterly statements and history in the cockpit →

Canaccord Genuity competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%-10%0%6023GOLDGPWIEXFLOWJMFINANCIL86168511IIFLCAPS0863OPY002961023590EDELWEISS21271428JSWHL86090035406080CF.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Canaccord Genuity is the large dot.

Fundamentals: return on equity against price-to-book

0%20%40%00×20×40×6023GOLDGPWIEXFLOWJMFINANCIL8616IIFLCAPS0863002961023590EDELWEISS21271428JSWHL86090035406080CF.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Canaccord Genuity is the large dot.

Capital: ROE delivered against the ROE the price implies

-50%0%50%100%-50%0%50%100%6023GOLDGPWIEXJMFINANCILIIFLCAPS086321271428JSWHLCF.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Canaccord Genuity is the large dot.

Canaccord Genuity competitors and peer comparison

Head to head with its named competitors (CF.TO vs PIPR vs RJF vs JEF)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Canaccord Genuity CF.TO$1.08B+17%+32%-11%2.59×26.5%
Piper Sandler Companies PIPR$4.65B-19%+20%23%3.20×31.3%
Raymond James Financial RJF$31.3B+6%+10%18%2.39×18.7%
Jefferies Financial JEF$10.9B-11%+26%8%1.02×12.7%

How Canaccord Genuity compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Canaccord Genuity against its 20 peers (data as of 6 Nov 2026)
MeasureCF.TOPeer medianRank in peer set
1-month return+4.3%-6.8%2nd highest of 21
6-month return+17.1%-12.4%3rd highest of 21
Return on equity-11.2%13.7%2nd lowest of 21
Price / book2.59×1.37×8th most expensive of 21
ROE the price implies26.5%12.3%5th most demanding of 21
ROE delivered-11.2%15.3%2nd lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Canaccord Genuity CF.TOCanada$1.08B+17%+32%-11%2.59×26.5%-11.2%
Yuanta Futures 6023.TWOTaiwan$1.07B-9%+10%15%1.49×4.7%15.3%
Gold.com GOLDUnited States$1.09B-17%+132%11%1.25×9.5%10.8%
Gielda Papierow Wartosciowych w Warszawie GPW.WAPoland$1.04B+19%+22%20%3.64×25.9%19.9%
Indian Energy Exchange IEX.NSIndia$1.03B-18%+13%39%6.67×99.9%38.6%
Flow Traders FLOW.ASNetherlands$1.13B-20%-4%15%1.06×5.0%15.3%
JM Financial JMFINANCIL.NSIndia$1.13B-22%+1%9%0.97×16.0%9.5%
Tokai Tokyo Financial 8616.TJapan$1.14B+2%+16%11%0.91×7.3%10.5%
Japan Securities Finance 8511.TJapan$1.02B-6%+73%9%1.16×6.7%8.9%
IIFL Capital Services IIFLCAPS.NSIndia$1.17B0%+8%20%3.19×48.5%19.5%
OSL 0863.HKHong Kong$1.19B-20%+12,274%-48%2.34×14.9%-47.7%
Oppenheimer OPYUnited States$963M-5%+14%9%0.98×10.2%9.1%
Ruida Futures 002961.SZChina$1.22B-21%-51%18%1.97×22.2%18.4%
DAOU TECHNOLOGY 023590.KSSouth Korea$919M-35%+134%21%0.33×4.3%21.4%
Edelweiss Financial Services EDELWEISS.NSIndia$1.28B+6%+16%12%2.61×39.1%n/a
Nihon M&A Center 2127.TJapan$1.28B-7%+5%25%3.80×31.9%25.0%
Bright Smart Securities & Commodities 1428.HKHong Kong$1.28B-51%-2%36%4.64×22.5%36.5%
JSW JSWHL.NSIndia$1.29B-16%+55%1%0.34×8.0%0.6%
Okasan Securities 8609.TJapan$1.33B+5%+36%12%0.78×7.6%11.8%
Daishin Securities 003540.KSSouth Korea$868M-44%+44%11%0.34×4.2%10.7%
M&A Capital Partners 6080.TJapan$855M+32%+12%18%2.83×14.5%17.6%

Questions

Who are Canaccord Genuity's main competitors?
Named competitors: Piper Sandler Companies (PIPR), Raymond James Financial (RJF), Jefferies Financial Group (JEF). The cockpit's measured peer set (industry) also includes Yuanta Futures (6023.TWO), Gold.com (GOLD), Gielda Papierow Wartosciowych w Warszawie (GPW.WA), Indian Energy Exchange (IEX.NS), Flow Traders (FLOW.AS), JM Financial (JMFINANCIL.NS).
Is Canaccord Genuity expensive compared with its peers?
On price / book it trades at 2.59× against a peer median of 1.37×, 8th most expensive of 21 in its peer set. The share price implies a return on equity of about 26.5%; Canaccord Genuity delivers -11.2%, so the price asks more than the business earns today.
How has Canaccord Genuity stock performed?
Over six months to 6 Nov 2026 the shares returned +17.1% against -12.4% for the median peer; over one year +25.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.