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Canadian (TSX) Industrials Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies104
  • 7D0.02%
  • 3M-4.7%
  • 1Y-2.8%
  • YTD-3.3%

The Industrials industry has been flat over the last week, but Element Fleet Management has lost 5.1%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 9.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025CA$468.6bCA$208.0bCA$18.0b21.5x26x2.3x
Wed, 15 Oct 2025CA$482.1bCA$206.1bCA$19.4b23.8x24.9x2.3x
Fri, 12 Sep 2025CA$486.5bCA$204.8bCA$19.3b23.1x25.2x2.4x
Sun, 10 Aug 2025CA$491.6bCA$204.3bCA$19.2b23.3x25.5x2.4x
Tue, 08 Jul 2025CA$520.3bCA$202.0bCA$16.6b20.6x31.3x2.6x
Thu, 05 Jun 2025CA$511.2bCA$201.9bCA$16.6b20.1x30.7x2.5x
Sat, 03 May 2025CA$468.7bCA$200.2bCA$15.7b19.9x29.8x2.3x
Mon, 31 Mar 2025CA$466.2bCA$200.7bCA$15.9b19.3x29.4x2.3x
Wed, 26 Feb 2025CA$487.8bCA$198.7bCA$15.9b20.7x30.8x2.5x
Fri, 24 Jan 2025CA$499.6bCA$199.0bCA$17.6b21.9x28.4x2.5x
Sun, 22 Dec 2024CA$485.5bCA$199.0bCA$17.6b21x27.5x2.4x
Tue, 19 Nov 2024CA$485.0bCA$198.1bCA$17.5b22.2x27.7x2.4x
Thu, 17 Oct 2024CA$494.4bCA$195.0bCA$17.2b23x28.7x2.5x
Sat, 14 Sep 2024CA$489.9bCA$194.6bCA$17.2b22x28.5x2.5x
Mon, 12 Aug 2024CA$462.6bCA$192.4bCA$17.3b22.1x26.7x2.4x
Wed, 10 Jul 2024CA$471.2bCA$167.1bCA$16.8b21.6x28x2.8x
Fri, 07 Jun 2024CA$476.7bCA$167.3bCA$16.8b21.3x28.3x2.8x
Sun, 05 May 2024CA$470.7bCA$166.3bCA$17.4b19.8x27.1x2.8x
Tue, 02 Apr 2024CA$487.9bCA$164.8bCA$17.9b20.7x27.3x3x
Thu, 29 Feb 2024CA$481.5bCA$163.5bCA$17.4b20.2x27.7x2.9x
Sat, 27 Jan 2024CA$457.8bCA$164.8bCA$16.8b19.8x27.2x2.8x
Mon, 25 Dec 2023CA$447.5bCA$164.5bCA$16.1b19x27.8x2.7x
Wed, 22 Nov 2023CA$421.9bCA$163.7bCA$15.8b18.7x26.8x2.6x
Fri, 20 Oct 2023CA$399.3bCA$161.1bCA$15.8b17.1x25.3x2.5x
Sun, 17 Sep 2023CA$432.6bCA$160.7bCA$15.8b17.6x27.4x2.7x
Tue, 15 Aug 2023CA$433.2bCA$160.2bCA$15.9b16.5x27.3x2.7x
Thu, 13 Jul 2023CA$416.1bCA$156.8bCA$13.7b18.8x30.3x2.7x
Sat, 10 Jun 2023CA$411.7bCA$157.3bCA$13.8b18.7x29.9x2.6x
Mon, 08 May 2023CA$421.1bCA$155.0bCA$13.7b19x30.7x2.7x
Wed, 05 Apr 2023CA$423.7bCA$153.6bCA$13.9b20.2x30.5x2.8x
Fri, 03 Mar 2023CA$420.1bCA$152.4bCA$14.5b18.7x29x2.8x
Sun, 29 Jan 2023CA$408.6bCA$149.5bCA$12.9b17.8x31.7x2.7x
Tue, 27 Dec 2022CA$399.2bCA$149.4bCA$12.7b16.5x31.4x2.7x
Thu, 24 Nov 2022CA$412.5bCA$148.8bCA$12.7b16.8x32.4x2.8x
Price to Earnings Ratio

32.4x


Total Market Cap: CA$412.5bTotal Earnings: CA$12.7bTotal Revenue: CA$148.8bTotal 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 2.3x.
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 Market1.62%
Industrials0.022%
Logistics5.10%
Building3.83%
Marine and Shipping2.78%
Professional Services2.62%
Trade Distributors0.88%
Transportation0.24%
Commercial Services0.17%
Airlines-1.24%
Infrastructure-1.39%
Construction-2.20%
Aerospace & Defense-2.85%
Industrials-3.38%
Machinery-3.76%
Electrical-10.32%
Industry PE
  • Investors are most optimistic about the Commercial Services industry even though it's trading below its 3-year average PE ratio of 87.1x.
    • Analysts are expecting annual earnings decline of 4.7%, which is lower than the prior year's growth of 12.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Building industry, expecting annual earnings growth of 125% over the next 5 years.
  • In contrast, the Logistics industry is expected to see its earnings decline by 6.2% 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
TRI Thomson ReutersCA$198.054.2%
+CA$3.6b		-12.3%PE35.8x
BBD.B BombardierCA$216.798.4%
+CA$1.7b		134.5%PE36.9x
CNR Canadian National RailwayCA$134.811.7%
+CA$1.4b		-11.3%PE18x
GFL GFL EnvironmentalCA$62.191.4%
+CA$301.7m		-1.5%PE261.2x
ATRL AtkinsRéalis GroupCA$91.190.9%
+CA$137.6m		27.1%PE5.8x

Latest News

TFII
CA$120.28
TFI International
7D
0.8%
1Y
-40.2%
ATRL
CA$91.19
AtkinsRéalis Group
7D
0.9%
1Y
27.1%

AtkinsRéalis Group Inc. (TSE:ATRL) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year

Nov 16
AtkinsRéalis Group Inc. (TSE:ATRL) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year
EFN
CA$34.92
Element Fleet Management
7D
-5.5%
1Y
23.3%
AFN
CA$19.42
Ag Growth International
7D
-38.8%
1Y
-62.9%
MAL
CA$18.45
Magellan Aerospace
7D
7.5%
1Y
70.5%
TIH
CA$159.56
Toromont Industries
7D
-1.7%
1Y
36.9%

TIH: Competing Upward Momentum And Valuation Limits Will Shape Near-Term Price Action

Analysts have raised their average price target for Toromont Industries from approximately C$161 to C$169. They cite stronger projected revenue growth and improved profit margins as key drivers of increased valuation.
BYD
CA$217.11
Boyd Group Services
7D
1.9%
1Y
-6.6%
BBD.B
CA$216.79
Bombardier
7D
8.4%
1Y
134.5%
CAE
CA$37.06
CAE
7D
-2.8%
1Y
18.8%

CAE: Revenue Acceleration Will Drive Shares Higher Amid Margin Pressures

Analysts have modestly increased their price target for CAE from approximately $42.67 to $43.31, citing improved revenue growth outlook despite some ongoing margin pressures. Analyst Commentary Bullish Takeaways Bullish analysts have increased their price targets, reflecting growing confidence in CAE's revenue growth outlook and operational execution.
GFL
CA$62.19
GFL Environmental
7D
1.4%
1Y
-1.5%

GFL Environmental Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 12
GFL Environmental Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
HPS.A
CA$164.66
Hammond Power Solutions
7D
-10.6%
1Y
30.6%
WSP
CA$253.30
WSP Global
7D
-1.4%
1Y
6.7%
ATS
CA$36.23
ATS
7D
-5.8%
1Y
-10.8%

ATS Corporation (TSE:ATS) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Nov 08
ATS Corporation (TSE:ATS) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
TRI
CA$198.05
Thomson Reuters
7D
4.2%
1Y
-12.3%
CP
CA$99.13
Canadian Pacific Kansas City
7D
-0.4%
1Y
-4.4%
CNR
CA$134.81
Canadian National Railway
7D
1.7%
1Y
-11.3%

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