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Canadian (TSX) Construction Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies10
  • 7D-14.3%
  • 3M-7.5%
  • 1Y3.8%
  • YTD-7.5%

Over the last 7 days, the Construction industry has dropped 14%, driven by WSP Global declining 17%. This takes the industry's 12 month performance to a gain of 3.8%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

Has the Canadian Construction Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026CA$64.6bCA$44.9bCA$4.1b27.8x15.7x1.4x
Wed, 14 Jan 2026CA$73.4bCA$44.9bCA$4.1b30.4x17.8x1.6x
Fri, 12 Dec 2025CA$67.3bCA$44.9bCA$4.1b30.9x16.3x1.5x
Sun, 09 Nov 2025CA$72.3bCA$44.3bCA$4.0b28.5x18x1.6x
Tue, 07 Oct 2025CA$75.9bCA$43.4bCA$3.9b26.6x19.3x1.7x
Thu, 04 Sep 2025CA$73.2bCA$43.4bCA$4.0b24.5x18.5x1.7x
Sat, 02 Aug 2025CA$75.4bCA$42.4bCA$1.6b46.7x47.9x1.8x
Mon, 30 Jun 2025CA$74.1bCA$41.9bCA$1.4b44.6x51.1x1.8x
Wed, 28 May 2025CA$72.6bCA$41.9bCA$1.4b42.4x50.2x1.7x
Fri, 25 Apr 2025CA$61.8bCA$40.6bCA$1.4b38.5x44.4x1.5x
Sun, 23 Mar 2025CA$61.4bCA$40.5bCA$1.4b37.2x43.1x1.5x
Tue, 18 Feb 2025CA$61.8bCA$38.7bCA$1.4b35.8x44.4x1.6x
Thu, 16 Jan 2025CA$60.8bCA$38.7bCA$1.4b36.3x43.5x1.6x
Sat, 14 Dec 2024CA$64.0bCA$38.7bCA$1.4b38.4x45.8x1.7x
Mon, 11 Nov 2024CA$61.1bCA$38.4bCA$1.4b36.7x43.7x1.6x
Wed, 09 Oct 2024CA$57.6bCA$37.6bCA$1.4b35x40.8x1.5x
Fri, 06 Sep 2024CA$53.6bCA$37.6bCA$1.4b35.8x37.7x1.4x
Sun, 04 Aug 2024CA$54.3bCA$37.0bCA$1.4b38.6x38.8x1.5x
Tue, 02 Jul 2024CA$54.2bCA$37.0bCA$1.5b34.1x35.7x1.5x
Thu, 30 May 2024CA$51.5bCA$37.0bCA$1.5b30.5x33.9x1.4x
Sat, 27 Apr 2024CA$52.9bCA$36.3bCA$1.5b31.2x36.2x1.5x
Mon, 25 Mar 2024CA$55.4bCA$36.5bCA$1.5b32.2x38x1.5x
Wed, 21 Feb 2024CA$49.6bCA$35.8bCA$1.3b33.5x38.1x1.4x
Fri, 19 Jan 2024CA$47.2bCA$35.8bCA$1.3b32.8x36.2x1.3x
Sun, 17 Dec 2023CA$45.4bCA$35.8bCA$1.3b30.1x34.9x1.3x
Tue, 14 Nov 2023CA$44.8bCA$35.5bCA$1.2b28.5x36.1x1.3x
Thu, 12 Oct 2023CA$44.7bCA$34.6bCA$1.1b30.9x42.5x1.3x
Sat, 09 Sep 2023CA$43.7bCA$34.6bCA$1.1b30.5x41.4x1.3x
Mon, 07 Aug 2023CA$41.8bCA$33.4bCA$964.1m32.2x43.4x1.3x
Wed, 05 Jul 2023CA$39.5bCA$33.1bCA$858.6m31.5x46x1.2x
Fri, 02 Jun 2023CA$37.7bCA$33.1bCA$859.2m29.5x43.9x1.1x
Sun, 30 Apr 2023CA$39.1bCA$31.9bCA$808.5m38.9x48.3x1.2x
Tue, 28 Mar 2023CA$37.5bCA$31.8bCA$800.7m38.4x46.8x1.2x
Thu, 23 Feb 2023CA$36.1bCA$30.6bCA$765.5m44.8x47.2x1.2x
Price to Earnings Ratio

47.2x


Total Market Cap: CA$36.1bTotal Earnings: CA$765.5mTotal Revenue: CA$30.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 37.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Construction 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 15.7x which is lower than its 3-year average PE of 37.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 75% per year over the last three years.
  • Revenues for these companies have grown 14% 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 industry?

CA Market1.92%
Industrials-0.53%
Construction-14.27%
Construction and Engineering-14.27%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BDGI Badger Infrastructure SolutionsCA$69.181.6%
+CA$36.8m		76.3%PE27.8x

Latest News

SUNN
CA$1.54
PowerBank
7D
-19.4%
1Y
-80.4%
WSP
CA$221.20
WSP Global
7D
-17.1%
1Y
-11.2%
ATRL
CA$90.35
AtkinsRéalis Group
7D
-14.6%
1Y
26.9%
PWER
CA$0.35
Global Power Solutions
7D
-7.9%
1Y
366.7%
BDGI
CA$69.18
Badger Infrastructure Solutions
7D
1.6%
1Y
76.3%

BDGI: Hold Rerating Will Highlight Earnings Resilience And Fine Tuning Of Assumptions

Badger Infrastructure Solutions’ analyst price target has been adjusted slightly higher to reflect updated fair value assumptions around $81.94. Analysts cite modest tweaks in the discount rate, revenue growth, profit margin and future P/E expectations following recent rating changes to Hold.
STN
CA$118.60
Stantec
7D
-14.7%
1Y
8.3%

STN: Global Energy Contracts And 2025 Guidance Will Support Long Term Earnings

Analysts have made a small adjustment to their price target for Stantec to roughly CA$171. This reflects updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions.
ARE
CA$36.03
Aecon Group
7D
-4.9%
1Y
54.7%

ARE: Balanced Medium Term Earnings Outlook Will Reflect Tighter Margins And Measured Risk Profile

Analysts have raised their price target on Aecon Group to $34.09 from $33.18, citing updated assumptions that include a 5.38% revenue growth outlook, a 3.91% profit margin, an 11.73x future P/E, and a slightly higher 8.26% discount rate. Analyst Commentary Recent valuation work on Aecon Group reflects a balanced mix of optimism and caution, with analysts updating their models around revenue growth, margins, and the applied P/E multiple.
BDT
CA$30.32
Bird Construction
7D
-4.6%
1Y
30.1%