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Canadian (TSX) Construction Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies10
  • 7D1.1%
  • 3M-6.3%
  • 1Y7.9%
  • YTD-6.3%

Over the last 7 days, the Construction industry has risen 1.1%, driven by gains in AtkinsRéalis Group and WSP Global of 2.1% and 0.9%, respectively. This takes the industry's 12 month performance to a gain of 7.9%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026CA$66.2bCA$45.8bCA$4.2b28.8x15.7x1.4x
Sun, 01 Mar 2026CA$67.8bCA$45.2bCA$4.2b29.3x16.1x1.5x
Tue, 27 Jan 2026CA$74.2bCA$44.9bCA$4.1b31.1x18x1.7x
Thu, 25 Dec 2025CA$69.9bCA$44.9bCA$4.1b30x16.9x1.6x
Sat, 22 Nov 2025CA$66.6bCA$44.9bCA$4.1b27.6x16.1x1.5x
Mon, 20 Oct 2025CA$75.4bCA$43.4bCA$3.9b34.8x19.1x1.7x
Wed, 17 Sep 2025CA$77.7bCA$43.4bCA$4.0b25.9x19.6x1.8x
Fri, 15 Aug 2025CA$75.0bCA$43.4bCA$4.0b30.8x19x1.7x
Sun, 13 Jul 2025CA$75.1bCA$41.9bCA$1.4b44.8x51.8x1.8x
Tue, 10 Jun 2025CA$73.4bCA$41.9bCA$1.4b42.6x50.6x1.7x
Thu, 08 May 2025CA$63.4bCA$40.7bCA$1.4b39.8x45.4x1.6x
Sat, 05 Apr 2025CA$60.4bCA$40.5bCA$1.4b36x42.4x1.5x
Mon, 03 Mar 2025CA$64.6bCA$39.9bCA$1.4b38.9x44.8x1.6x
Wed, 29 Jan 2025CA$63.7bCA$38.7bCA$1.4b37x45.6x1.6x
Fri, 27 Dec 2024CA$63.9bCA$38.7bCA$1.4b37.5x45.7x1.7x
Sun, 24 Nov 2024CA$63.8bCA$38.7bCA$1.4b39.3x45.7x1.7x
Tue, 22 Oct 2024CA$62.0bCA$37.6bCA$1.4b37.6x43.9x1.6x
Thu, 19 Sep 2024CA$54.0bCA$37.6bCA$1.4b34.9x38x1.4x
Sat, 17 Aug 2024CA$54.6bCA$37.6bCA$1.4b37.7x38.5x1.5x
Mon, 15 Jul 2024CA$54.9bCA$37.0bCA$1.5b33.6x36.2x1.5x
Wed, 12 Jun 2024CA$52.0bCA$37.0bCA$1.5b31.4x34.3x1.4x
Fri, 10 May 2024CA$54.3bCA$36.6bCA$1.5b34.2x36.3x1.5x
Sun, 07 Apr 2024CA$53.1bCA$36.5bCA$1.5b32.1x36.4x1.5x
Tue, 05 Mar 2024CA$53.1bCA$36.5bCA$1.5b29.6x36.4x1.5x
Thu, 01 Feb 2024CA$48.7bCA$35.8bCA$1.3b33.2x37.4x1.4x
Sat, 30 Dec 2023CA$45.4bCA$35.8bCA$1.3b31.2x34.9x1.3x
Mon, 27 Nov 2023CA$44.4bCA$35.8bCA$1.3b28.7x34.1x1.2x
Wed, 25 Oct 2023CA$42.0bCA$34.6bCA$1.1b29.2x39.9x1.2x
Fri, 22 Sep 2023CA$43.9bCA$34.6bCA$1.1b30x41.7x1.3x
Sun, 20 Aug 2023CA$42.9bCA$34.6bCA$1.1b30x40.7x1.2x
Tue, 18 Jul 2023CA$40.4bCA$33.1bCA$858.5m34.1x47.1x1.2x
Thu, 15 Jun 2023CA$39.3bCA$33.1bCA$858.9m30.3x45.8x1.2x
Sat, 13 May 2023CA$38.4bCA$33.1bCA$859.4m29.8x44.7x1.2x
Mon, 10 Apr 2023CA$37.7bCA$31.8bCA$800.4m38.5x47.1x1.2x
Price to Earnings Ratio

47.1x


Total Market Cap: CA$37.7bTotal Earnings: CA$800.4mTotal Revenue: CA$31.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 36.5x202420252026
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 36.5x.
  • 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 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 Market3.76%
Industrials1.62%
Construction1.12%
Construction and Engineering1.12%
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$90.852.1%
+CA$311.4m		32.5%PE5.7x
WSP WSP GlobalCA$219.790.9%
+CA$276.4m		-8.0%PE30.7x
ARE Aecon GroupCA$42.651.3%
+CA$222.7m		148.7%PE192.6x
BDT Bird ConstructionCA$41.225.8%
+CA$124.6m		99.2%PE48.2x
STN StantecCA$120.910.4%
+CA$60.5m		1.4%PE28.8x

Latest News

BDGI
CA$60.49
Badger Infrastructure Solutions
7D
-3.8%
1Y
61.5%
ATRL
CA$90.85
AtkinsRéalis Group
7D
2.1%
1Y
32.5%
SUNN
CA$0.85
PowerBank
7D
4.9%
1Y
-74.3%
ARE
CA$42.65
Aecon Group
7D
1.3%
1Y
148.7%
PWER
CA$0.30
Global Power Solutions
7D
-24.1%
1Y
500.0%
WSP
CA$219.79
WSP Global
7D
0.9%
1Y
-8.0%
BDT
CA$41.22
Bird Construction
7D
5.8%
1Y
99.2%

Defense And Data Center Backlog Will Support Stable Long Term Earnings Profile

Catalysts About Bird Construction Bird Construction provides construction, infrastructure and industrial maintenance services across Canada for public and private sector clients. What are the underlying business or industry changes driving this perspective?
STN
CA$120.91
Stantec
7D
0.4%
1Y
1.4%

STN: Arctic Radar Contract And Share Buybacks Will Support Long Term Returns

Analysts have kept their CA$166.73 price target for Stantec unchanged. This reflects only minor tweaks to inputs such as the discount rate and the assumed future P/E multiple, rather than a shift in their overall view of the stock.
UIG
CA$0.03
Urban Infrastructure Group
7D
-25.0%
1Y
-50.0%
ACL
CA$0.20
A.C.L. Construction
7D
2.6%
1Y
n/a