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Canadian (TSX) Industrials Sector Analysis

UpdatedNov 09, 2025
DataAggregated Company Financials
Companies104
  • 7D-4.1%
  • 3M-4.9%
  • 1Y-3.9%
  • YTD-3.3%

Over the last 7 days, the Industrials industry has dropped 4.1%, driven by Thomson Reuters declining 10%. The industry has fallen 3.9% in the last year. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Nov 2025CA$462.2bCA$207.5bCA$17.8b22.4x25.9x2.2x
Tue, 07 Oct 2025CA$489.7bCA$205.8bCA$19.3b23.3x25.3x2.4x
Thu, 04 Sep 2025CA$495.5bCA$204.7bCA$19.3b23.5x25.6x2.4x
Sat, 02 Aug 2025CA$506.8bCA$202.9bCA$17.5b23.3x29x2.5x
Mon, 30 Jun 2025CA$513.0bCA$202.1bCA$16.6b19.8x30.9x2.5x
Wed, 28 May 2025CA$511.2bCA$202.5bCA$16.8b20.4x30.5x2.5x
Fri, 25 Apr 2025CA$467.0bCA$199.6bCA$15.6b19.4x29.9x2.3x
Sun, 23 Mar 2025CA$471.3bCA$200.8bCA$15.9b19.5x29.7x2.3x
Tue, 18 Feb 2025CA$492.1bCA$198.1bCA$16.1b22.2x30.6x2.5x
Thu, 16 Jan 2025CA$476.4bCA$198.9bCA$17.5b21.2x27.1x2.4x
Sat, 14 Dec 2024CA$497.1bCA$198.6bCA$17.6b21.6x28.3x2.5x
Mon, 11 Nov 2024CA$492.3bCA$197.0bCA$17.7b22.8x27.8x2.5x
Wed, 09 Oct 2024CA$480.3bCA$194.7bCA$17.2b22x27.9x2.5x
Fri, 06 Sep 2024CA$481.1bCA$194.3bCA$17.1b21.7x28.1x2.5x
Sun, 04 Aug 2024CA$463.4bCA$169.6bCA$15.5b21.5x29.9x2.7x
Tue, 02 Jul 2024CA$472.0bCA$167.5bCA$16.9b21.9x28x2.8x
Thu, 30 May 2024CA$468.6bCA$167.4bCA$16.9b20x27.8x2.8x
Sat, 27 Apr 2024CA$468.1bCA$166.0bCA$17.8b19.9x26.4x2.8x
Mon, 25 Mar 2024CA$492.3bCA$164.9bCA$17.9b20.2x27.6x3x
Wed, 21 Feb 2024CA$475.0bCA$163.4bCA$17.2b19.8x27.6x2.9x
Fri, 19 Jan 2024CA$457.3bCA$165.0bCA$16.1b19.1x28.3x2.8x
Sun, 17 Dec 2023CA$441.0bCA$164.8bCA$16.1b19.1x27.4x2.7x
Tue, 14 Nov 2023CA$413.8bCA$163.3bCA$15.7b17.8x26.3x2.5x
Thu, 12 Oct 2023CA$414.9bCA$160.8bCA$15.8b17.6x26.3x2.6x
Sat, 09 Sep 2023CA$423.3bCA$161.0bCA$15.8b16.9x26.8x2.6x
Mon, 07 Aug 2023CA$429.2bCA$158.0bCA$15.8b16.7x27.2x2.7x
Wed, 05 Jul 2023CA$426.6bCA$157.0bCA$13.8b19x31x2.7x
Fri, 02 Jun 2023CA$414.5bCA$157.6bCA$13.8b18.6x30x2.6x
Sun, 30 Apr 2023CA$428.1bCA$155.2bCA$14.0b20x30.6x2.8x
Tue, 28 Mar 2023CA$416.0bCA$154.1bCA$13.9b20.4x29.8x2.7x
Thu, 23 Feb 2023CA$413.7bCA$151.7bCA$14.4b18x28.7x2.7x
Sat, 21 Jan 2023CA$413.0bCA$148.7bCA$12.7b17.3x32.5x2.8x
Mon, 19 Dec 2022CA$406.0bCA$149.6bCA$12.7b17x31.9x2.7x
Wed, 16 Nov 2022CA$394.9bCA$148.5bCA$12.8b16.8x31x2.7x
Price to Earnings Ratio

31x


Total Market Cap: CA$394.9bTotal Earnings: CA$12.8bTotal Revenue: CA$148.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrials Sector Price to Earnings3Y Average 28.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.6x.
  • 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 12% per year over the last three years.
  • Revenues for these companies have grown 12% 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-0.68%
Industrials-4.11%
Marine and Shipping3.45%
Airlines0.25%
Infrastructure0.23%
Transportation-1.26%
Building-1.98%
Commercial Services-2.59%
Machinery-3.69%
Construction-3.98%
Trade Distributors-4.88%
Industrials-5.61%
Aerospace & Defense-5.82%
Electrical-9.22%
Professional Services-10.17%
Logistics-14.55%
Industry PE
  • Investors are most optimistic about the Commercial Services industry even though it's trading below its 3-year average PE ratio of 85.8x.
    • Analysts are expecting annual earnings growth of 4.0%, which is lower than the prior year's growth of 10.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 84% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Logistics industry is expected to see its earnings decline by 10% 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
BYD Boyd Group ServicesCA$213.02-4.9%
CA$1.1b		-2.0%PE520.2x
MAXQ Maritime Launch ServicesCA$0.2780.0%
+CA$59.4m		440.0%PE-27x
AC Air CanadaCA$18.621.0%
+CA$53.3m		-17.4%PS0.3x
WJX WajaxCA$27.239.5%
+CA$51.3m		30.5%PE12.8x
BBD.B BombardierCA$196.440.2%
+CA$38.0m		100.6%PE33.4x

Latest News

WSP
CA$257.83
WSP Global
7D
-3.8%
1Y
6.9%
BYD
CA$213.02
Boyd Group Services
7D
-4.9%
1Y
-2.0%
TRI
CA$192.99
Thomson Reuters
7D
-10.2%
1Y
-17.5%
EIF
CA$77.40
Exchange Income
7D
0.7%
1Y
38.5%
BBD.B
CA$196.44
Bombardier
7D
0.2%
1Y
100.6%

BBD.B: Recent Upgrades And Key Developments Will Shape Performance Ahead

Analysts have raised their price target for Bombardier, increasing it by C$30 to C$225. They cited improved valuation and confidence in the company’s outlook.
WJX
CA$27.23
Wajax
7D
9.5%
1Y
30.5%

Wajax (TSE:WJX) Is Paying Out A Dividend Of CA$0.35

Nov 07
Wajax (TSE:WJX) Is Paying Out A Dividend Of CA$0.35
ALC
CA$18.00
Algoma Central
7D
3.4%
1Y
19.1%
GFL
CA$60.27
GFL Environmental
7D
-1.7%
1Y
-4.0%
ATRL
CA$92.85
AtkinsRéalis Group
7D
-6.1%
1Y
34.2%

ATRL: Ongoing Order Momentum Will Drive Share Performance Into 2025

AtkinsRéalis Group's analyst price target has increased modestly, rising from approximately $113.03 to $113.96. This change is based on updated analyst estimates that reflect an ongoing positive earnings outlook and recent upward revisions in target prices.
CP
CA$99.47
Canadian Pacific Kansas City
7D
-1.4%
1Y
-7.9%
CNR
CA$133.31
Canadian National Railway
7D
-0.9%
1Y
-13.5%

Analysts Are Updating Their Canadian National Railway Company (TSE:CNR) Estimates After Its Third-Quarter Results

Nov 03
Analysts Are Updating Their Canadian National Railway Company (TSE:CNR) Estimates After Its Third-Quarter Results
MAXQ
CA$0.27
Maritime Launch Services
7D
80.0%
1Y
440.0%
TIH
CA$160.98
Toromont Industries
7D
-4.5%
1Y
35.7%
FTT
CA$71.66
Finning International
7D
-5.5%
1Y
72.9%

Is Now An Opportune Moment To Examine Finning International Inc. (TSE:FTT)?

Nov 02
Is Now An Opportune Moment To Examine Finning International Inc. (TSE:FTT)?
AC
CA$18.62
Air Canada
7D
1.0%
1Y
-17.4%

Labor Uncertainty And New Routes Will Shape Upcoming Performance

Analysts have lowered Air Canada's average price target in recent weeks, with cuts ranging from C$1 to C$2 per report. They cited headwinds such as weaker recent results, persistent labor risks, and a lack of near-term positive catalysts.
REK.U
US$2.85
Rektron Group
7D
5.9%
1Y
54.9%