Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Construction Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies10
  • 7D-2.2%
  • 3M-4.2%
  • 1Y15.5%
  • YTD13.0%

Over the last 7 days, the Construction industry has dropped 2.2%, driven by a pullback from WSP Global of 1.8%. Over the past 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Nov 2025CA$71.6bCA$44.3bCA$4.0b28.5x17.8x1.6x
Wed, 15 Oct 2025CA$75.5bCA$43.4bCA$3.9b34.9x19.2x1.7x
Fri, 12 Sep 2025CA$75.1bCA$43.4bCA$4.0b25.5x19x1.7x
Sun, 10 Aug 2025CA$74.5bCA$43.3bCA$3.9b34.1x19.1x1.7x
Tue, 08 Jul 2025CA$74.4bCA$41.9bCA$1.4b44.4x51.3x1.8x
Thu, 05 Jun 2025CA$72.6bCA$41.9bCA$1.4b42.9x50.1x1.7x
Sat, 03 May 2025CA$62.4bCA$40.7bCA$1.4b39.9x44.8x1.5x
Mon, 31 Mar 2025CA$60.4bCA$40.5bCA$1.4b37.1x42.4x1.5x
Wed, 26 Feb 2025CA$62.0bCA$38.9bCA$1.4b37.8x44.1x1.6x
Fri, 24 Jan 2025CA$65.5bCA$38.7bCA$1.4b38.1x46.9x1.7x
Sun, 22 Dec 2024CA$63.3bCA$38.7bCA$1.4b37.2x45.3x1.6x
Tue, 19 Nov 2024CA$61.8bCA$38.7bCA$1.4b37.8x44.3x1.6x
Thu, 17 Oct 2024CA$60.1bCA$37.6bCA$1.4b36.2x42.5x1.6x
Sat, 14 Sep 2024CA$53.9bCA$37.6bCA$1.4b35x37.9x1.4x
Mon, 12 Aug 2024CA$52.1bCA$37.6bCA$1.4b36.5x36.6x1.4x
Wed, 10 Jul 2024CA$54.5bCA$37.0bCA$1.5b33.4x35.9x1.5x
Fri, 07 Jun 2024CA$52.6bCA$37.0bCA$1.5b31.2x34.7x1.4x
Sun, 05 May 2024CA$53.1bCA$36.3bCA$1.5b33x36.2x1.5x
Tue, 02 Apr 2024CA$54.5bCA$36.5bCA$1.5b31.9x37.4x1.5x
Thu, 29 Feb 2024CA$50.8bCA$35.8bCA$1.3b34.3x39x1.4x
Sat, 27 Jan 2024CA$47.4bCA$35.8bCA$1.3b33.7x36.4x1.3x
Mon, 25 Dec 2023CA$45.1bCA$35.8bCA$1.3b30.8x34.6x1.3x
Wed, 22 Nov 2023CA$44.8bCA$35.8bCA$1.3b28.4x34.3x1.2x
Fri, 20 Oct 2023CA$41.9bCA$34.6bCA$1.1b28.8x39.8x1.2x
Sun, 17 Sep 2023CA$44.2bCA$34.6bCA$1.1b30.7x42x1.3x
Tue, 15 Aug 2023CA$43.5bCA$34.6bCA$1.1b30.7x41.3x1.3x
Thu, 13 Jul 2023CA$39.8bCA$33.1bCA$858.5m33.5x46.4x1.2x
Sat, 10 Jun 2023CA$38.6bCA$33.1bCA$858.9m30.1x44.9x1.2x
Mon, 08 May 2023CA$39.1bCA$31.9bCA$818.9m31.7x47.7x1.2x
Wed, 05 Apr 2023CA$38.5bCA$31.8bCA$800.3m39.9x48.1x1.2x
Fri, 03 Mar 2023CA$37.5bCA$31.0bCA$830.0m42.1x45.2x1.2x
Sun, 29 Jan 2023CA$36.0bCA$30.6bCA$765.2m44.1x47.1x1.2x
Tue, 27 Dec 2022CA$32.3bCA$30.6bCA$765.3m40.8x42.3x1.1x
Thu, 24 Nov 2022CA$34.5bCA$30.6bCA$765.1m43.3x45.1x1.1x
Price to Earnings Ratio

45.1x


Total Market Cap: CA$34.5bTotal Earnings: CA$765.1mTotal Revenue: CA$30.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 40.2x202320242025
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 17.8x which is lower than its 3-year average PE of 40.2x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have grown 74% per year over the last three years.
  • Revenues for these companies have grown 13% 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 Market1.62%
Industrials0.022%
Construction-2.20%
Construction and Engineering-2.20%
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
ATRL AtkinsRéalis GroupCA$91.190.9%
+CA$137.6m		27.1%PE5.8x

Latest News

ATRL
CA$91.19
AtkinsRéalis Group
7D
0.9%
1Y
27.1%

AtkinsRéalis Group Inc. (TSE:ATRL) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year

Nov 16
AtkinsRéalis Group Inc. (TSE:ATRL) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year
STN
CA$148.63
Stantec
7D
-0.8%
1Y
28.5%

STN: Inclusion In FTSE All-World Index Will Drive Investor Interest

Analysts have slightly increased their price target for Stantec, raising it by $0.00 to reflect updated financial assumptions and modest adjustments to key forecasting metrics. What's in the News Stantec Inc.
BDT
CA$25.59
Bird Construction
7D
-6.8%
1Y
-12.8%
UIG
CA$0.045
Urban Infrastructure Group
7D
-10.0%
1Y
-40.0%
WSP
CA$253.30
WSP Global
7D
-1.4%
1Y
6.7%
BDGI
CA$71.55
Badger Infrastructure Solutions
7D
-3.5%
1Y
84.1%
ARE
CA$26.37
Aecon Group
7D
-7.7%
1Y
-8.4%

ARE: Project Wins And Record Backlog Will Drive Upside Momentum Ahead

Aecon Group’s analyst price target has increased significantly from approximately $25.55 to $33.09, as analysts highlight stronger expected revenue growth and recent upward revisions from several research firms. Analyst Commentary Recent updates from street analysts highlight both optimism and caution surrounding Aecon Group's outlook.
SUNN
CA$2.27
PowerBank
7D
-2.2%
1Y
-39.6%
MSP
CA$0.035
Minaean SP Construction
7D
-30.0%
1Y
250.0%