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Canadian (TSX) Construction Industry Analysis

UpdatedMay 18, 2026
DataAggregated Company Financials
Companies11
  • 7D-6.3%
  • 3M-5.4%
  • 1Y-13.8%
  • YTD-11.6%

Over the last 7 days, the Construction industry has dropped 6.3%, driven by a pullback from WSP Global of 8.4%. In contrast, Bird Construction has gained 11%. Overall the industry is down 14% in 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 May 2026CA$61.7bCA$46.9bCA$4.3b27.1x14.5x1.3x
Wed, 15 Apr 2026CA$66.6bCA$45.8bCA$4.2b29.4x15.8x1.5x
Fri, 13 Mar 2026CA$67.0bCA$45.8bCA$4.2b28.8x15.9x1.5x
Sun, 08 Feb 2026CA$75.4bCA$44.9bCA$4.1b27.6x18.3x1.7x
Tue, 06 Jan 2026CA$71.0bCA$44.9bCA$4.1b29.2x17.2x1.6x
Thu, 04 Dec 2025CA$66.8bCA$44.9bCA$4.1b28.6x16.2x1.5x
Sat, 01 Nov 2025CA$76.2bCA$43.7bCA$3.9b31.6x19.4x1.7x
Mon, 29 Sep 2025CA$73.8bCA$43.4bCA$4.0b25.9x18.6x1.7x
Wed, 27 Aug 2025CA$73.7bCA$43.4bCA$4.0b32.3x18.6x1.7x
Fri, 25 Jul 2025CA$75.4bCA$41.9bCA$1.4b44.9x52.1x1.8x
Sun, 22 Jun 2025CA$72.6bCA$41.9bCA$1.4b42.9x50.1x1.7x
Tue, 20 May 2025CA$71.3bCA$42.0bCA$1.4b42x49.2x1.7x
Thu, 17 Apr 2025CA$62.0bCA$40.4bCA$1.4b38x43.5x1.5x
Sat, 15 Mar 2025CA$59.7bCA$40.5bCA$1.4b37.4x41.8x1.5x
Mon, 10 Feb 2025CA$62.7bCA$38.7bCA$1.4b35.8x45x1.6x
Wed, 08 Jan 2025CA$61.8bCA$38.7bCA$1.4b36.3x44.3x1.6x
Fri, 06 Dec 2024CA$65.3bCA$38.7bCA$1.4b39.9x46.8x1.7x
Sun, 03 Nov 2024CA$62.2bCA$37.7bCA$1.3b36.8x46.5x1.6x
Tue, 01 Oct 2024CA$55.6bCA$37.6bCA$1.4b36.2x39.2x1.5x
Thu, 29 Aug 2024CA$54.1bCA$37.6bCA$1.4b37.1x38.1x1.4x
Sat, 27 Jul 2024CA$55.1bCA$36.7bCA$1.4b39.3x40.4x1.5x
Mon, 24 Jun 2024CA$53.0bCA$37.0bCA$1.5b33.4x35x1.4x
Wed, 22 May 2024CA$51.3bCA$37.0bCA$1.5b30.2x33.8x1.4x
Fri, 19 Apr 2024CA$51.8bCA$36.5bCA$1.5b30.4x35.5x1.4x
Sun, 17 Mar 2024CA$54.0bCA$36.5bCA$1.5b30.6x37x1.5x
Tue, 13 Feb 2024CA$48.6bCA$35.8bCA$1.3b33.4x37.3x1.4x
Thu, 11 Jan 2024CA$45.8bCA$35.8bCA$1.3b31.8x35.1x1.3x
Sat, 09 Dec 2023CA$45.7bCA$35.8bCA$1.3b30.7x35.1x1.3x
Mon, 06 Nov 2023CA$42.6bCA$34.5bCA$1.2b28.4x36.6x1.2x
Wed, 04 Oct 2023CA$43.3bCA$34.6bCA$1.1b29.2x41.1x1.3x
Fri, 01 Sep 2023CA$43.9bCA$34.6bCA$1.1b30.9x41.7x1.3x
Sun, 30 Jul 2023CA$41.1bCA$33.1bCA$893.2m34.2x46x1.2x
Tue, 27 Jun 2023CA$38.1bCA$33.1bCA$858.4m29.9x44.4x1.2x
Thu, 25 May 2023CA$37.9bCA$33.1bCA$859.6m29x44x1.1x
Price to Earnings Ratio

44x


Total Market Cap: CA$37.9bTotal Earnings: CA$859.6mTotal Revenue: CA$33.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 35.2x202420252026
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 14.5x which is lower than its 3-year average PE of 35.2x.
  • 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 70% 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 Market-0.52%
Industrials-0.39%
Construction-6.30%
Construction and Engineering-6.30%
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
BDT Bird ConstructionCA$58.3511.2%
+CA$326.8m		130.5%PE65.4x
BDGI Badger Infrastructure SolutionsCA$83.471.8%
+CA$49.5m		84.9%PE35.9x
ACL A.C.L. ConstructionCA$0.1610.3%
+CA$1.1m		n/aPS0.9x
PWER Global Power SolutionsCA$0.278.0%
+CA$486.3k		170.0%PE12.6x

Latest News

BDT
CA$58.35
Bird Construction
7D
11.2%
1Y
130.5%
ATRL
CA$85.70
AtkinsRéalis Group
7D
-5.0%
1Y
-2.8%
New Narrative • May 17

The commitment to nuclear power plants for electricity generation will fill AtkinsReális portfolio

Investment Memo — AtkinsRéalis Group Inc. 1.
SUNN
CA$0.85
PowerBank
7D
-10.5%
1Y
-66.4%
ARE
CA$50.73
Aecon Group
7D
-4.3%
1Y
162.6%
STN
CA$106.39
Stantec
7D
-9.4%
1Y
-24.9%
WSP
CA$193.59
WSP Global
7D
-8.4%
1Y
-29.0%
Analysis Article • May 15

Solid Earnings Reflect WSP Global's (TSE:WSP) Strength As A Business

Even though WSP Global Inc. ( TSE:WSP ) posted strong earnings, investors appeared to be underwhelmed. Our analysis...
BDGI
CA$83.47
Badger Infrastructure Solutions
7D
1.8%
1Y
84.9%
PWER
CA$0.27
Global Power Solutions
7D
8.0%
1Y
170.0%
ACL
CA$0.16
A.C.L. Construction
7D
10.3%
1Y
n/a