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Canadian (TSX) Industrials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies106
  • 7D2.6%
  • 3M-6.9%
  • 1Y-5.4%
  • YTD-4.0%

Over the last 7 days, the Industrials industry has risen 1.4%, driven by gains from Canadian Pacific Kansas City of 4.1%. In contrast, the industry has lost 5.1% in the last 12 months. As for the next few years, earnings are expected to grow by 9.6% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Nov 2025CA$450.9bCA$209.1bCA$18.4b21.1x24.5x2.2x
Sun, 26 Oct 2025CA$495.4bCA$206.0bCA$19.4b24.1x25.6x2.4x
Tue, 23 Sep 2025CA$486.8bCA$205.5bCA$19.3b23.1x25.2x2.4x
Thu, 21 Aug 2025CA$493.9bCA$204.9bCA$19.3b23.2x25.6x2.4x
Sat, 19 Jul 2025CA$528.1bCA$202.2bCA$16.6b23.5x31.8x2.6x
Mon, 16 Jun 2025CA$506.7bCA$201.6bCA$16.6b20x30.5x2.5x
Wed, 14 May 2025CA$493.9bCA$202.1bCA$15.8b20.6x31.2x2.4x
Fri, 11 Apr 2025CA$463.6bCA$199.5bCA$15.7b18.6x29.5x2.3x
Sun, 09 Mar 2025CA$489.6bCA$200.3bCA$15.9b19.7x30.8x2.4x
Tue, 04 Feb 2025CA$500.9bCA$199.5bCA$16.9b21.8x29.7x2.5x
Thu, 02 Jan 2025CA$486.8bCA$199.0bCA$17.6b20.9x27.6x2.4x
Sat, 30 Nov 2024CA$496.3bCA$197.9bCA$17.5b22.2x28.3x2.5x
Mon, 28 Oct 2024CA$484.4bCA$196.2bCA$17.3b23x28x2.5x
Wed, 25 Sep 2024CA$486.7bCA$194.1bCA$17.1b22.2x28.4x2.5x
Fri, 23 Aug 2024CA$473.9bCA$192.1bCA$17.1b22.5x27.7x2.5x
Sun, 21 Jul 2024CA$480.2bCA$167.4bCA$16.9b22.4x28.4x2.9x
Tue, 18 Jun 2024CA$469.6bCA$167.5bCA$16.8b21.1x27.9x2.8x
Thu, 16 May 2024CA$477.1bCA$166.8bCA$17.4b21x27.5x2.9x
Sat, 13 Apr 2024CA$483.9bCA$165.3bCA$17.9b20.1x27x2.9x
Mon, 11 Mar 2024CA$484.9bCA$164.4bCA$17.8b19.8x27.3x2.9x
Wed, 07 Feb 2024CA$467.1bCA$163.0bCA$16.7b19.7x28x2.9x
Fri, 05 Jan 2024CA$450.9bCA$164.7bCA$16.1b19.6x28x2.7x
Sun, 03 Dec 2023CA$436.1bCA$165.1bCA$16.1b18.7x27x2.6x
Tue, 31 Oct 2023CA$396.6bCA$161.4bCA$15.3b16.9x25.8x2.5x
Thu, 28 Sep 2023CA$408.4bCA$160.7bCA$15.8b17.1x25.9x2.5x
Sat, 26 Aug 2023CA$423.8bCA$160.9bCA$15.8b17.1x26.8x2.6x
Mon, 24 Jul 2023CA$425.3bCA$156.9bCA$13.7b19.1x30.9x2.7x
Wed, 21 Jun 2023CA$418.6bCA$157.0bCA$13.8b19x30.4x2.7x
Fri, 19 May 2023CA$431.0bCA$157.3bCA$13.7b19.9x31.4x2.7x
Sun, 16 Apr 2023CA$423.9bCA$153.4bCA$13.8b20.2x30.7x2.8x
Tue, 14 Mar 2023CA$413.4bCA$153.8bCA$14.0b19.3x29.6x2.7x
Thu, 09 Feb 2023CA$413.2bCA$150.7bCA$13.8b17.4x29.9x2.7x
Sat, 07 Jan 2023CA$408.1bCA$149.0bCA$12.7b17.1x32.1x2.7x
Mon, 05 Dec 2022CA$421.1bCA$149.1bCA$12.7b16x33.1x2.8x
Price to Earnings Ratio

33.1x


Total Market Cap: CA$421.1bTotal Earnings: CA$12.7bTotal Revenue: CA$149.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrials Sector Price to Earnings3Y Average 28.5x202320242025
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 24.5x which is lower than its 3-year average PE of 28.5x.
  • 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 13% 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 Market4.00%
Industrials2.59%
Logistics11.11%
Electrical5.97%
Airlines5.27%
Machinery4.33%
Building4.07%
Trade Distributors3.89%
Infrastructure3.24%
Transportation3.13%
Aerospace & Defense3.03%
Professional Services1.74%
Construction1.55%
Industrials1.45%
Marine and Shipping1.35%
Commercial Services1.15%
Industry PE
  • Investors are most optimistic about the Commercial Services industry even though it's trading below its 3-year average PE ratio of 89.5x.
    • Analysts are expecting annual earnings decline of 4.6%, which is lower than the prior year's growth of 18.3% 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 7.7% 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$101.074.1%
+CA$3.6b		-4.9%PE21.3x
BBD.B BombardierCA$233.007.9%
+CA$1.7b		146.3%PE39.6x
TRI Thomson ReutersCA$189.001.7%
+CA$1.4b		-16.6%PE34.3x
CNR Canadian National RailwayCA$131.821.5%
+CA$1.2b		-15.7%PE17.6x
TFII TFI InternationalCA$122.908.0%
+CA$745.5m		-41.6%PE22x

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