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Canadian (TSX) Construction Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies10
  • 7D1.7%
  • 3M1.4%
  • 1Y-16.0%
  • YTD-10.4%

In the last week, the Construction industry is up 1.7%, with WSP Global up 2.5%. In contrast, the industry has lost 16% in the last 12 months. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026CA$62.2bCA$48.8bCA$1.9b32.7x32.2x1.3x
Wed, 15 Jul 2026CA$58.9bCA$46.9bCA$4.3b24.2x13.8x1.3x
Fri, 12 Jun 2026CA$58.4bCA$46.9bCA$4.3b25.7x13.7x1.2x
Sun, 10 May 2026CA$69.4bCA$46.2bCA$4.2b30.1x16.5x1.5x
Tue, 07 Apr 2026CA$65.6bCA$45.8bCA$4.2b29.2x15.6x1.4x
Thu, 05 Mar 2026CA$69.2bCA$45.5bCA$4.2b28.8x16.3x1.5x
Sat, 31 Jan 2026CA$73.8bCA$44.9bCA$4.1b30.9x17.9x1.6x
Mon, 29 Dec 2025CA$69.9bCA$44.9bCA$4.1b30x16.9x1.6x
Wed, 26 Nov 2025CA$66.8bCA$44.9bCA$4.1b27.6x16.2x1.5x
Fri, 24 Oct 2025CA$76.1bCA$43.4bCA$3.9b35.5x19.3x1.8x
Sun, 21 Sep 2025CA$77.4bCA$43.4bCA$4.0b26.1x19.6x1.8x
Tue, 19 Aug 2025CA$73.5bCA$43.4bCA$4.0b31x18.6x1.7x
Thu, 17 Jul 2025CA$75.6bCA$41.9bCA$1.4b44.9x52.1x1.8x
Sat, 14 Jun 2025CA$73.3bCA$41.9bCA$1.4b43x50.6x1.7x
Mon, 12 May 2025CA$66.1bCA$41.5bCA$1.4b41.4x46.8x1.6x
Wed, 09 Apr 2025CA$57.1bCA$40.5bCA$1.4b35.5x40.1x1.4x
Fri, 07 Mar 2025CA$62.0bCA$40.0bCA$1.5b35x42.6x1.5x
Sun, 02 Feb 2025CA$62.0bCA$38.7bCA$1.4b36.8x44.4x1.6x
Tue, 31 Dec 2024CA$63.9bCA$38.7bCA$1.4b36.9x45.7x1.7x
Thu, 28 Nov 2024CA$64.1bCA$38.7bCA$1.4b39.3x45.9x1.7x
Sat, 26 Oct 2024CA$61.8bCA$37.6bCA$1.4b37.1x43.7x1.6x
Mon, 23 Sep 2024CA$54.9bCA$37.6bCA$1.4b32.1x38.6x1.5x
Wed, 21 Aug 2024CA$54.1bCA$37.6bCA$1.4b37.7x38.1x1.4x
Fri, 19 Jul 2024CA$54.8bCA$37.0bCA$1.5b33x36.1x1.5x
Sun, 16 Jun 2024CA$52.9bCA$37.0bCA$1.5b33.3x34.9x1.4x
Tue, 14 May 2024CA$53.9bCA$36.6bCA$1.5b34.4x36.1x1.5x
Thu, 11 Apr 2024CA$52.5bCA$36.5bCA$1.5b31.3x36x1.4x
Sat, 09 Mar 2024CA$54.7bCA$36.5bCA$1.5b31.2x37.5x1.5x
Mon, 05 Feb 2024CA$49.1bCA$35.8bCA$1.3b33.8x37.7x1.4x
Wed, 03 Jan 2024CA$45.2bCA$35.8bCA$1.3b30.7x34.7x1.3x
Fri, 01 Dec 2023CA$44.5bCA$35.8bCA$1.3b30.1x34.1x1.2x
Sun, 29 Oct 2023CA$39.9bCA$34.5bCA$1.2b29.2x34.6x1.2x
Tue, 26 Sep 2023CA$44.4bCA$34.6bCA$1.1b30.4x42.1x1.3x
Thu, 24 Aug 2023CA$43.3bCA$34.6bCA$1.1b30.3x41.2x1.3x
Price to Earnings Ratio

41.2x


Total Market Cap: CA$43.3bTotal Earnings: CA$1.1bTotal Revenue: CA$34.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 32.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Construction 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 32.8x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 22% 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 industry?

CA Market0.99%
Industrials0.58%
Construction1.72%
Construction and Engineering1.72%
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
WSP WSP GlobalCA$195.742.5%
+CA$636.3m		-29.9%PE28.3x
BDT Bird ConstructionCA$73.1413.6%
+CA$485.9m		206.7%PE68.2x
ATRL AtkinsRéalis GroupCA$88.042.3%
+CA$320.1m		-9.4%PE32.7x
ARE Aecon GroupCA$46.452.9%
+CA$90.5m		130.4%PS0.5x
ACL A.C.L. ConstructionCA$0.147.7%
+CA$735.2k		n/aPS0.8x

Latest News

STN
CA$102.22
Stantec
7D
0.08%
1Y
-30.3%
BDT
CA$73.14
Bird Construction
7D
13.6%
1Y
206.7%
WSP
CA$195.74
WSP Global
7D
2.5%
1Y
-29.9%
Narrative Update • Aug 11

WSP: Backlog Momentum And Arcadis Bid Will Support Future Upside

Analysts have made a modest downward adjustment to the fair value estimate for WSP Global, with the updated average price target moving in a narrow range between recent cuts toward CA$255 and increases toward CA$304 as they balance slightly lower revenue expectations with firmer profit margin and P/E assumptions. Analyst Commentary Recent Street research on WSP Global shows a tight cluster of price targets between about CA$255 and CA$304.
BDGI
CA$87.30
Badger Infrastructure Solutions
7D
-0.6%
1Y
61.0%
Narrative Update • Aug 11

BDGI: Data Center Projects And U.S. Demand Will Drive Future Upside

Analysts have raised their fair value estimate for Badger Infrastructure Solutions from CA$85.00 to CA$105.00, citing a series of recent price target increases into the CA$104 to CA$118 range and ongoing confidence in the company's earnings growth runway and demand backdrop. Analyst Commentary Recent research on Badger Infrastructure Solutions points to a cluster of higher price targets, along with an upgrade to Outperform from one major bank.
ATRL
CA$88.04
AtkinsRéalis Group
7D
2.3%
1Y
-9.4%
ARE
CA$46.45
Aecon Group
7D
2.9%
1Y
130.4%
IMI
CA$0.075
Ironman International
7D
-6.3%
1Y
n/a
PWER
CA$0.35
Global Power Solutions
7D
2.9%
1Y
n/a
UIG
CA$0.03
Urban Infrastructure Group
7D
-40.0%
1Y
n/a
ACL
CA$0.14
A.C.L. Construction
7D
7.7%
1Y
n/a