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Canadian (TSX) Industrials Sector Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies107
  • 7D-2.4%
  • 3M0.9%
  • 1Y-6.6%
  • YTD-1.1%

Over the last 7 days, the Industrials industry has dropped 1.1%, driven by WSP Global declining 16%. The industry has fallen 5.3% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

Has the Canadian Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026CA$457.9bCA$206.0bCA$19.2b23.6x23.9x2.2x
Fri, 16 Jan 2026CA$469.2bCA$208.5bCA$18.3b22.7x25.6x2.3x
Sun, 14 Dec 2025CA$459.4bCA$208.0bCA$18.3b21.8x25.1x2.2x
Tue, 11 Nov 2025CA$462.2bCA$207.4bCA$17.9b21.4x25.9x2.2x
Thu, 09 Oct 2025CA$488.3bCA$205.9bCA$19.3b23.8x25.2x2.4x
Sat, 06 Sep 2025CA$499.6bCA$204.8bCA$19.3b23.5x25.8x2.4x
Mon, 04 Aug 2025CA$503.4bCA$202.9bCA$17.5b23.4x28.7x2.5x
Wed, 02 Jul 2025CA$513.0bCA$201.9bCA$16.6b20.1x30.9x2.5x
Fri, 30 May 2025CA$513.8bCA$202.3bCA$16.7b20.2x30.9x2.5x
Sun, 27 Apr 2025CA$465.3bCA$199.7bCA$15.6b19.5x29.8x2.3x
Tue, 25 Mar 2025CA$471.2bCA$200.7bCA$15.9b19.8x29.7x2.3x
Thu, 20 Feb 2025CA$492.1bCA$198.2bCA$16.2b21.5x30.4x2.5x
Sat, 18 Jan 2025CA$481.8bCA$199.3bCA$17.6b21x27.4x2.4x
Mon, 16 Dec 2024CA$494.9bCA$198.6bCA$17.6b21.5x28.1x2.5x
Wed, 13 Nov 2024CA$494.5bCA$197.0bCA$17.7b22.5x28x2.5x
Fri, 11 Oct 2024CA$486.6bCA$195.0bCA$17.2b22.2x28.3x2.5x
Sun, 08 Sep 2024CA$471.7bCA$194.5bCA$17.2b21.6x27.5x2.4x
Tue, 06 Aug 2024CA$463.4bCA$169.5bCA$15.5b21.5x29.9x2.7x
Thu, 04 Jul 2024CA$470.3bCA$167.1bCA$16.8b21.5x27.9x2.8x
Sat, 01 Jun 2024CA$465.5bCA$167.2bCA$16.8b20.4x27.6x2.8x
Mon, 29 Apr 2024CA$468.1bCA$166.0bCA$17.8b19.9x26.4x2.8x
Wed, 27 Mar 2024CA$486.2bCA$164.8bCA$17.9b20.2x27.2x2.9x
Fri, 23 Feb 2024CA$474.9bCA$163.3bCA$17.4b20.2x27.2x2.9x
Sun, 21 Jan 2024CA$459.3bCA$164.9bCA$16.1b19.5x28.5x2.8x
Tue, 19 Dec 2023CA$437.2bCA$164.8bCA$16.1b18.9x27.1x2.7x
Thu, 16 Nov 2023CA$418.5bCA$163.6bCA$15.8b17.8x26.6x2.6x
Sat, 14 Oct 2023CA$408.1bCA$161.0bCA$15.8b17.5x25.9x2.5x
Mon, 11 Sep 2023CA$420.8bCA$161.0bCA$15.8b16.9x26.6x2.6x
Wed, 09 Aug 2023CA$429.4bCA$158.1bCA$15.8b16.8x27.2x2.7x
Fri, 07 Jul 2023CA$421.4bCA$157.4bCA$13.8b18.8x30.5x2.7x
Sun, 04 Jun 2023CA$422.0bCA$157.5bCA$13.8b18.4x30.6x2.7x
Tue, 02 May 2023CA$430.5bCA$155.2bCA$14.1b19.8x30.5x2.8x
Thu, 30 Mar 2023CA$416.5bCA$153.8bCA$13.9b20x30x2.7x
Sat, 25 Feb 2023CA$414.8bCA$152.2bCA$14.5b18.1x28.6x2.7x
Price to Earnings Ratio

28.6x


Total Market Cap: CA$414.8bTotal Earnings: CA$14.5bTotal Revenue: CA$152.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrials Sector Price to Earnings3Y Average 28x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Industrials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 23.9x which is lower than its 3-year average PE of 28.0x.
  • The 3-year average PS ratio of 2.6x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 9.7% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Industrials sector?

CA Market-0.70%
Industrials-2.37%
Trade Distributors4.72%
Transportation1.86%
Airlines1.80%
Machinery1.59%
Industrials0.67%
Electrical-0.055%
Logistics-0.98%
Marine and Shipping-1.10%
Building-2.34%
Commercial Services-2.90%
Infrastructure-2.99%
Aerospace & Defense-3.48%
Professional Services-7.85%
Construction-13.73%
Industry PE
  • Investors are most optimistic about the Commercial Services industry even though it's trading below its 3-year average PE ratio of 105x.
    • Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings growth of 12.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 61% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Logistics industry is expected to see its earnings decline by 7.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CNR Canadian National RailwayCA$147.892.9%
+CA$2.5b		1.5%PE19.2x
TIH Toromont IndustriesCA$206.5212.7%
+CA$1.9b		69.3%PE33.9x
CP Canadian Pacific Kansas CityCA$114.371.6%
+CA$1.6b		1.6%PE24.8x
BBD.B BombardierCA$254.011.4%
+CA$317.6m		188.6%PE19.5x
GFL GFL EnvironmentalCA$59.051.0%
+CA$151.3m		-10.0%PE80.7x

Latest News

TFII
CA$164.90
TFI International
7D
-1.9%
1Y
-8.8%
AC
CA$20.53
Air Canada
7D
1.8%
1Y
17.4%
BBD.B
CA$254.01
Bombardier
7D
1.4%
1Y
188.6%

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Feb 16
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CAE
CA$41.35
CAE
7D
-6.3%
1Y
9.0%
TIH
CA$206.52
Toromont Industries
7D
12.7%
1Y
69.3%

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Feb 14
Toromont Industries (TSE:TIH) Is Increasing Its Dividend To CA$0.56
GFL
CA$59.05
GFL Environmental
7D
1.0%
1Y
-10.0%
WSP
CA$222.73
WSP Global
7D
-16.4%
1Y
-12.8%
ATRL
CA$92.62
AtkinsRéalis Group
7D
-12.6%
1Y
33.1%
CP
CA$114.37
Canadian Pacific Kansas City
7D
1.6%
1Y
1.6%
EFN
CA$33.24
Element Fleet Management
7D
-8.0%
1Y
13.9%

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TRI
CA$113.48
Thomson Reuters
7D
-7.9%
1Y
-53.9%
MDA
CA$37.01
MDA Space
7D
2.7%
1Y
49.5%
STN
CA$118.77
Stantec
7D
-14.3%
1Y
8.6%

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Analysts have made a small adjustment to their price target for Stantec to roughly CA$171. This reflects updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.
BYD
CA$229.34
Boyd Group Services
7D
-6.6%
1Y
-3.7%

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Analysts have trimmed their price target on Boyd Group Services from C$272.60 to C$269.29. This reflects updated assumptions for growth, profitability and discount rates while keeping an Outperform view in place.
CNR
CA$147.89
Canadian National Railway
7D
2.9%
1Y
1.5%
MAL
CA$21.80
Magellan Aerospace
7D
9.0%
1Y
122.4%

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