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Canadian (TSX) Industrials Sector Analysis

UpdatedAug 29, 2025
DataAggregated Company Financials
Companies106
  • 7D0.9%
  • 3M-2.5%
  • 1Y4.9%
  • YTD3.2%

Last week, the Industrials industry hasn't moved much but Canadian Pacific Kansas City is up 3.0% in that time. The past year has been better, since the industry has gained 4.9% in that time. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Aug 2025CA$497.1bCA$204.5bCA$19.3b23x25.8x2.4x
Sun, 27 Jul 2025CA$514.3bCA$202.2bCA$16.7b23.9x30.9x2.5x
Tue, 24 Jun 2025CA$510.4bCA$202.2bCA$16.6b19.6x30.7x2.5x
Thu, 22 May 2025CA$517.1bCA$202.7bCA$16.8b20.6x30.8x2.6x
Sat, 19 Apr 2025CA$468.0bCA$199.2bCA$15.7b19x29.9x2.3x
Mon, 17 Mar 2025CA$477.4bCA$200.8bCA$15.9b19.7x30x2.4x
Wed, 12 Feb 2025CA$501.9bCA$198.6bCA$16.9b21.6x29.7x2.5x
Fri, 10 Jan 2025CA$487.3bCA$199.0bCA$17.6b21.2x27.6x2.4x
Sun, 08 Dec 2024CA$503.2bCA$198.4bCA$17.6b22.1x28.6x2.5x
Tue, 05 Nov 2024CA$485.0bCA$196.0bCA$18.0b22.5x27x2.5x
Thu, 03 Oct 2024CA$488.5bCA$194.3bCA$17.1b21.3x28.5x2.5x
Sat, 31 Aug 2024CA$478.4bCA$194.2bCA$17.1b22.6x28x2.5x
Mon, 29 Jul 2024CA$476.7bCA$168.3bCA$16.7b22.6x28.5x2.8x
Wed, 26 Jun 2024CA$468.2bCA$167.3bCA$16.8b21.2x27.8x2.8x
Fri, 24 May 2024CA$478.2bCA$167.8bCA$17.5b20.6x27.4x2.8x
Sun, 21 Apr 2024CA$473.6bCA$165.3bCA$17.9b20.4x26.4x2.9x
Tue, 19 Mar 2024CA$487.1bCA$164.6bCA$17.8b20x27.3x3x
Thu, 15 Feb 2024CA$464.8bCA$163.3bCA$17.3b20.1x26.9x2.8x
Sat, 13 Jan 2024CA$453.2bCA$164.8bCA$16.1b20.3x28.1x2.8x
Mon, 11 Dec 2023CA$434.7bCA$165.3bCA$16.2b18.4x26.9x2.6x
Wed, 08 Nov 2023CA$411.1bCA$161.7bCA$15.7b18.3x26.2x2.5x
Fri, 06 Oct 2023CA$409.3bCA$161.1bCA$15.8b16.3x25.9x2.5x
Sun, 03 Sep 2023CA$432.5bCA$160.9bCA$15.8b16.9x27.4x2.7x
Tue, 01 Aug 2023CA$433.0bCA$157.9bCA$14.4b18x30x2.7x
Thu, 29 Jun 2023CA$420.4bCA$157.1bCA$13.8b19x30.5x2.7x
Sat, 27 May 2023CA$419.4bCA$157.7bCA$13.7b19x30.6x2.7x
Mon, 24 Apr 2023CA$437.0bCA$153.8bCA$13.8b21x31.6x2.8x
Wed, 22 Mar 2023CA$405.1bCA$139.7bCA$12.6b20.6x32.1x2.9x
Fri, 17 Feb 2023CA$419.4bCA$151.4bCA$14.5b17.9x29x2.8x
Sun, 15 Jan 2023CA$415.4bCA$148.9bCA$12.7b16.6x32.7x2.8x
Tue, 13 Dec 2022CA$417.1bCA$149.4bCA$12.7b17.2x32.7x2.8x
Thu, 10 Nov 2022CA$390.5bCA$146.7bCA$12.9b14.2x30.2x2.7x
Sat, 08 Oct 2022CA$372.2bCA$143.8bCA$11.6b14.4x32.1x2.6x
Mon, 05 Sep 2022CA$384.1bCA$142.3bCA$11.5b16.8x33.3x2.7x
Price to Earnings Ratio

33.3x


Total Market Cap: CA$384.1bTotal Earnings: CA$11.5bTotal Revenue: CA$142.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrials Sector Price to Earnings3Y Average 29.1x202320242025
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 25.8x which is lower than its 3-year average PE of 29.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market1.44%
Industrials0.90%
Electrical5.00%
Building2.80%
Transportation2.12%
Trade Distributors1.85%
Machinery0.92%
Aerospace & Defense0.33%
Construction0.32%
Marine and Shipping0.18%
Airlines0.14%
Professional Services0.11%
Industrials-0.38%
Logistics-0.90%
Infrastructure-1.04%
Commercial Services-1.48%
Industry PE
  • Investors are most optimistic about the Commercial Services industry, which is trading close to its 3-year average PE ratio of 75.7x.
    • Analysts are expecting annual earnings growth of 10.2%, which is higher than its past year's earnings growth of 7.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 101% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings decline by 3.5% 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
CP Canadian Pacific Kansas CityCA$104.611.1%
+CA$1.0b		-6.5%PE23x
ATRL AtkinsRéalis GroupCA$94.441.9%
+CA$294.1m		78.9%PE6.2x
CNR Canadian National RailwayCA$132.950.3%
+CA$231.0m		-16.3%PE18.2x
ANRG AnaergiaCA$2.4535.4%
+CA$108.8m		353.7%PS3.5x
ELVA ElectrovayaCA$8.3628.2%
+CA$73.8m		206.2%PE203.3x

Latest News

BBD.B
CA$160.56
Bombardier
7D
-2.4%
1Y
73.5%
TRI
CA$243.91
Thomson Reuters
7D
-1.2%
1Y
5.7%
CP
CA$104.61
Canadian Pacific Kansas City
7D
1.1%
1Y
-6.5%
MDA
CA$44.41
MDA Space
7D
0.5%
1Y
180.2%
ATRL
CA$94.44
AtkinsRéalis Group
7D
1.9%
1Y
78.9%
STN
CA$149.28
Stantec
7D
-2.6%
1Y
35.3%
ANRG
CA$2.45
Anaergia
7D
35.4%
1Y
353.7%
AC
CA$19.50
Air Canada
7D
-1.6%
1Y
26.3%
BYD
CA$225.48
Boyd Group Services
7D
0.6%
1Y
0.4%
WSP
CA$279.68
WSP Global
7D
-2.2%
1Y
24.5%
CGY
CA$53.20
Calian Group
7D
7.8%
1Y
17.4%

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Aug 16
Calian Group Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
CAE
CA$37.03
CAE
7D
-2.1%
1Y
53.6%
ELVA
CA$8.36
Electrovaya
7D
28.2%
1Y
206.2%

Jamestown Cell Manufacturing And Battery Insights Will Build Resilience

Driven by significant increases in both Electrovaya's future P/E ratio and net profit margin, analysts have notably raised the consensus price target from CA$4.50 to CA$6.01. What's in the News Launched battery systems for airport ground support equipment in partnership with a major OEM; first commercial shipment set for August and products to be showcased at the International GSE Expo.
GFL
CA$68.70
GFL Environmental
7D
-2.6%
1Y
17.6%

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Aug 08
There May Be Underlying Issues With The Quality Of GFL Environmental's (TSE:GFL) Earnings
TFII
CA$130.12
TFI International
7D
-2.8%
1Y
-34.8%
CNR
CA$132.95
Canadian National Railway
7D
0.3%
1Y
-16.3%