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Canadian (TSX) Industrials Sector Analysis

UpdatedApr 25, 2025
DataAggregated Company Financials
Companies109
  • 7D0.3%
  • 3M-5.7%
  • 1Y-0.4%
  • YTD-3.1%

Over the last 7 days, the Industrials industry has remained flat, although notably TFI International gained 8.8%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 14 Oct 2022CA$366.9bCA$144.1bCA$11.6b14.6x31.6x2.5x
Sun, 11 Sep 2022CA$398.8bCA$142.2bCA$11.5b16.5x34.6x2.8x
Tue, 09 Aug 2022CA$403.0bCA$139.7bCA$11.6b14.6x34.6x2.9x
Thu, 07 Jul 2022CA$365.7bCA$136.5bCA$13.2b13.9x27.7x2.7x
Sat, 04 Jun 2022CA$375.7bCA$137.6bCA$13.3b16.4x28.3x2.7x
Mon, 02 May 2022CA$377.1bCA$131.6bCA$18.0b17.6x21x2.9x
Price to Earnings Ratio

21x


Total Market Cap: CA$377.1bTotal Earnings: CA$18.0bTotal Revenue: CA$131.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrials Sector Price to Earnings3Y Average 29x202320242025
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 29.0x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 4.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 15% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CA Market1.93%
Industrials0.26%
Logistics15.54%
Electrical7.97%
Aerospace & Defense4.40%
Machinery3.22%
Airlines2.67%
Marine and Shipping2.57%
Trade Distributors2.40%
Infrastructure2.33%
Commercial Services1.33%
Construction1.32%
Industrials0.16%
Professional Services0.16%
Transportation-1.18%
Building-3.85%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 27.2x.
    • Analysts are expecting annual earnings growth of 50.8%, which is higher than its past year's earnings decline of 75.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commercial Services industry, expecting annual earnings growth of 85% over the next 5 years.
  • This is better than its past earnings growth rate of 5.4% per year.
  • In contrast, the Logistics industry is expected to see its earnings decline by 4.5% 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
TFII TFI InternationalCA$116.948.8%
+CA$762.7m		-39.2%PE18.4x
WSP WSP GlobalCA$253.412.2%
+CA$721.7m		18.6%PE48.5x
BBD.B BombardierCA$89.687.2%
+CA$591.4m		45.3%PE18.7x
CAE CAECA$33.653.7%
+CA$383.8m		31.5%PS2.4x
EFN Element Fleet ManagementCA$30.932.8%
+CA$339.0m		45.8%PE23.7x
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Latest News

TFII

CA$116.94

TFI International

7D

8.8%

1Y

-39.2%

ARE

CA$15.67

Aecon Group

7D

-9.6%

1Y

-8.4%

BBD.B

CA$89.68

Bombardier

7D

7.2%

1Y

45.3%

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Apr 24
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CAE

CA$33.65

CAE

7D

3.7%

1Y

31.5%

DBM

CA$6.75

Doman Building Materials Group

7D

-1.6%

1Y

-11.5%

TIH

CA$115.82

Toromont Industries

7D

2.6%

1Y

-10.3%

MDA

CA$26.72

MDA Space

7D

8.5%

1Y

81.9%

RCH

CA$32.44

Richelieu Hardware

7D

-0.5%

1Y

-16.3%

Richelieu Hardware (TSE:RCH) Is Paying Out A Dividend Of CA$0.1533

Apr 16
Richelieu Hardware (TSE:RCH) Is Paying Out A Dividend Of CA$0.1533

CNO

CA$0.55

California Nanotechnologies

7D

-23.6%

1Y

50.7%

CP

CA$101.24

Canadian Pacific Kansas City

7D

-1.9%

1Y

-9.7%

FTT

CA$39.81

Finning International

7D

4.2%

1Y

-5.9%

Is Finning International Inc. (TSE:FTT) Potentially Undervalued?

Apr 06
Is Finning International Inc. (TSE:FTT) Potentially Undervalued?

CNR

CA$135.30

Canadian National Railway

7D

-1.5%

1Y

-20.6%

Should You Think About Buying Canadian National Railway Company (TSE:CNR) Now?

Apr 04
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EFN

CA$30.93

Element Fleet Management

7D

2.8%

1Y

45.8%

WSP

CA$253.41

WSP Global

7D

2.2%

1Y

18.6%

TBL

CA$3.81

Taiga Building Products

7D

-2.1%

1Y

19.1%

GIP

CA$5.31

Green Impact Partners

7D

-7.0%

1Y

89.6%

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Feb 08
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