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Canadian (TSX) Construction Industry Analysis

UpdatedJan 01, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.1%
  • 3M-10.0%
  • 1Y7.8%
  • YTD8.6%

Over the last 7 days, the Construction industry has dropped 1.1%, driven by a pullback from AtkinsRéalis Group of 2.0%. In contrast, Global Power Solutions has gained 21%. Over the past 12 months, the industry was up 7.8%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Jan 2026CA$69.2bCA$44.9bCA$4.1b29.2x16.8x1.5x
Sat, 29 Nov 2025CA$67.6bCA$44.9bCA$4.1b28.5x16.4x1.5x
Mon, 27 Oct 2025CA$76.1bCA$43.4bCA$3.9b30.3x19.3x1.8x
Wed, 24 Sep 2025CA$77.7bCA$43.4bCA$4.0b25.4x19.6x1.8x
Fri, 22 Aug 2025CA$73.3bCA$43.4bCA$4.0b31.6x18.5x1.7x
Sun, 20 Jul 2025CA$76.3bCA$41.9bCA$1.4b45.6x52.6x1.8x
Tue, 17 Jun 2025CA$72.6bCA$41.9bCA$1.4b43.5x50.1x1.7x
Thu, 15 May 2025CA$66.1bCA$41.5bCA$1.4b41.7x46.8x1.6x
Sat, 12 Apr 2025CA$58.3bCA$40.4bCA$1.4b37.4x40.9x1.4x
Mon, 10 Mar 2025CA$60.9bCA$40.0bCA$1.5b35x41.8x1.5x
Wed, 05 Feb 2025CA$61.3bCA$38.7bCA$1.4b35.5x44x1.6x
Fri, 03 Jan 2025CA$63.6bCA$38.7bCA$1.4b37x45.6x1.6x
Sun, 01 Dec 2024CA$64.5bCA$38.7bCA$1.4b39.7x46.2x1.7x
Tue, 29 Oct 2024CA$61.7bCA$37.6bCA$1.4b37.4x43.7x1.6x
Thu, 26 Sep 2024CA$55.4bCA$37.6bCA$1.4b36.3x39x1.5x
Sat, 24 Aug 2024CA$54.7bCA$37.6bCA$1.4b38.2x38.5x1.5x
Mon, 22 Jul 2024CA$54.5bCA$37.0bCA$1.5b32.6x35.9x1.5x
Wed, 19 Jun 2024CA$53.3bCA$37.0bCA$1.5b33.9x35.2x1.4x
Fri, 17 May 2024CA$53.2bCA$37.0bCA$1.5b30.5x35.1x1.4x
Sun, 14 Apr 2024CA$52.4bCA$36.5bCA$1.5b31.3x35.9x1.4x
Tue, 12 Mar 2024CA$54.2bCA$36.5bCA$1.5b31x37.2x1.5x
Thu, 08 Feb 2024CA$48.8bCA$35.8bCA$1.3b33.4x37.5x1.4x
Sat, 06 Jan 2024CA$45.4bCA$35.8bCA$1.3b30.8x34.9x1.3x
Mon, 04 Dec 2023CA$45.3bCA$35.8bCA$1.3b30.1x34.8x1.3x
Wed, 01 Nov 2023CA$41.3bCA$34.5bCA$1.2b30x35.8x1.2x
Fri, 29 Sep 2023CA$44.1bCA$34.6bCA$1.1b30.2x41.9x1.3x
Sun, 27 Aug 2023CA$43.2bCA$34.6bCA$1.1b30.4x41.1x1.3x
Tue, 25 Jul 2023CA$41.1bCA$33.1bCA$858.4m34x47.9x1.2x
Thu, 22 Jun 2023CA$38.4bCA$33.1bCA$858.4m29.8x44.7x1.2x
Sat, 20 May 2023CA$38.7bCA$33.1bCA$859.3m29.7x45.1x1.2x
Mon, 17 Apr 2023CA$38.5bCA$31.8bCA$800.1m38.6x48.1x1.2x
Wed, 15 Mar 2023CA$38.1bCA$31.7bCA$789.4m43x48.2x1.2x
Fri, 10 Feb 2023CA$36.7bCA$30.6bCA$765.4m45x48x1.2x
Sun, 08 Jan 2023CA$33.8bCA$30.6bCA$765.1m42x44.2x1.1x
Price to Earnings Ratio

44.2x


Total Market Cap: CA$33.8bTotal Earnings: CA$765.1mTotal Revenue: CA$30.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 39.1x202420252026
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 16.8x which is lower than its 3-year average PE of 39.1x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
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 Market-0.51%
Industrials-0.65%
Construction-1.13%
Construction and Engineering-1.13%
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
PWER Global Power SolutionsCA$0.4720.5%
+CA$1.9m		526.7%PE21.3x

Latest News

SUNN
CA$2.46
PowerBank
7D
-7.2%
1Y
-15.2%
STN
CA$129.52
Stantec
7D
-1.0%
1Y
14.8%

A Look At The Fair Value Of Stantec Inc. (TSE:STN)

Jan 01
A Look At The Fair Value Of Stantec Inc. (TSE:STN)
WSP
CA$248.52
WSP Global
7D
-0.6%
1Y
-1.8%
ATRL
CA$88.60
AtkinsRéalis Group
7D
-2.0%
1Y
16.2%
BDGI
CA$73.13
Badger Infrastructure Solutions
7D
-2.3%
1Y
103.8%
BDT
CA$28.52
Bird Construction
7D
-2.5%
1Y
9.4%

Bird Construction (TSE:BDT) Is Due To Pay A Dividend Of CA$0.07

Dec 21
Bird Construction (TSE:BDT) Is Due To Pay A Dividend Of CA$0.07
ARE
CA$31.28
Aecon Group
7D
-1.1%
1Y
14.9%

ARE: Record Backlog And New Contracts Will Support Steady Medium Term Earnings

Aecon Group's analyst price target has inched higher to C$30, up from a prior consensus closer to the mid C$20s. Analysts cite modestly stronger revenue growth expectations, a slightly lower perceived risk profile, and a marginally higher future earnings multiple, despite some recent rating downgrades.
PWER
CA$0.47
Global Power Solutions
7D
20.5%
1Y
526.7%