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Canadian (TSX) Construction Industry Analysis

UpdatedOct 01, 2025
DataAggregated Company Financials
Companies10
  • 7D1.6%
  • 3M1.8%
  • 1Y32.3%
  • YTD20.3%

The Construction industry is up 1.5% in the last week, with AtkinsRéalis Group up 3.7%. During this same period, the PowerBank underperformed, falling 8.0%. In the last 12 months, the industry was up 31%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Oct 2025CA$73.8bCA$43.4bCA$4.0b26.6x18.7x1.7x
Sat, 30 Aug 2025CA$74.4bCA$43.4bCA$4.0b25.3x18.8x1.7x
Mon, 28 Jul 2025CA$75.7bCA$41.9bCA$1.4b44.8x52.2x1.8x
Wed, 25 Jun 2025CA$73.3bCA$41.9bCA$1.4b43.5x50.6x1.7x
Fri, 23 May 2025CA$71.0bCA$41.9bCA$1.4b41.5x49x1.7x
Sun, 20 Apr 2025CA$61.7bCA$40.4bCA$1.4b38.1x43.3x1.5x
Tue, 18 Mar 2025CA$61.1bCA$40.5bCA$1.4b37.7x42.9x1.5x
Thu, 13 Feb 2025CA$62.9bCA$38.7bCA$1.4b35.9x45.1x1.6x
Sat, 11 Jan 2025CA$61.5bCA$38.7bCA$1.4b36x44x1.6x
Mon, 09 Dec 2024CA$66.2bCA$38.7bCA$1.4b40.1x47.4x1.7x
Wed, 06 Nov 2024CA$62.5bCA$37.7bCA$1.3b37.3x46.8x1.7x
Fri, 04 Oct 2024CA$56.0bCA$37.6bCA$1.4b34.4x39.7x1.5x
Sun, 01 Sep 2024CA$53.7bCA$37.6bCA$1.4b36.8x37.8x1.4x
Tue, 30 Jul 2024CA$56.1bCA$36.7bCA$1.4b39.1x41.1x1.5x
Thu, 27 Jun 2024CA$53.6bCA$37.0bCA$1.5b33.8x35.3x1.4x
Sat, 25 May 2024CA$51.4bCA$37.0bCA$1.5b31x33.9x1.4x
Mon, 22 Apr 2024CA$51.7bCA$36.5bCA$1.5b30.4x35.4x1.4x
Wed, 20 Mar 2024CA$54.8bCA$36.5bCA$1.5b31.3x37.5x1.5x
Fri, 16 Feb 2024CA$49.0bCA$35.8bCA$1.3b33.5x37.6x1.4x
Sun, 14 Jan 2024CA$46.3bCA$35.8bCA$1.3b31.5x35.6x1.3x
Tue, 12 Dec 2023CA$45.1bCA$35.8bCA$1.3b30.4x34.6x1.3x
Thu, 09 Nov 2023CA$42.4bCA$34.6bCA$1.2b28.2x36.4x1.2x
Sat, 07 Oct 2023CA$44.1bCA$34.6bCA$1.1b30.6x41.9x1.3x
Mon, 04 Sep 2023CA$44.0bCA$34.6bCA$1.1b31.1x41.8x1.3x
Wed, 02 Aug 2023CA$41.5bCA$33.1bCA$893.3m34.4x46.4x1.3x
Fri, 30 Jun 2023CA$39.1bCA$33.1bCA$858.6m30.7x45.5x1.2x
Sun, 28 May 2023CA$38.2bCA$33.1bCA$859.6m29.3x44.5x1.2x
Tue, 25 Apr 2023CA$39.2bCA$31.8bCA$800.4m38.8x48.9x1.2x
Thu, 23 Mar 2023CA$38.0bCA$31.7bCA$789.4m42.2x48.2x1.2x
Sat, 18 Feb 2023CA$36.7bCA$30.6bCA$765.4m45.4x47.9x1.2x
Mon, 16 Jan 2023CA$36.0bCA$30.6bCA$765.0m44.3x47.1x1.2x
Wed, 14 Dec 2022CA$34.5bCA$30.6bCA$765.2m43.2x45.1x1.1x
Fri, 11 Nov 2022CA$34.1bCA$30.1bCA$778.5m42.1x43.8x1.1x
Sun, 09 Oct 2022CA$31.5bCA$29.9bCA$747.2m38.8x42.1x1.1x
Price to Earnings Ratio

42.1x


Total Market Cap: CA$31.5bTotal Earnings: CA$747.2mTotal Revenue: CA$29.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 41.2x202320242025
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 18.7x which is lower than its 3-year average PE of 41.2x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.7x.
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 Market0.89%
Industrials0.38%
Construction1.61%
Construction and Engineering1.61%
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$100.732.9%
+CA$470.7m		78.9%PE6.6x
STN StantecCA$151.861.9%
+CA$329.7m		40.1%PE39.7x
ARE Aecon GroupCA$25.0111.0%
+CA$157.5m		19.1%PE64x
WSP WSP GlobalCA$274.680.3%
+CA$104.4m		15.5%PE45.2x
BDT Bird ConstructionCA$30.144.5%
+CA$71.4m		23.7%PE17x

Latest News

UIG
CA$0.045
Urban Infrastructure Group
7D
12.5%
1Y
-55.0%
BDT
CA$30.14
Bird Construction
7D
4.5%
1Y
23.7%

Canadian Infrastructure Investment And Green Building Demand Will Drive Expansion

Analysts have raised Bird Construction’s price target to CA$34.31, driven by strong operational execution, robust backlog growth, and confidence in sustained margin expansion, although some caution remains due to valuation concerns and macroeconomic uncertainties. Analyst Commentary Bullish analysts cite continued strong operational performance and robust backlog growth supporting price target increases.
WSP
CA$274.68
WSP Global
7D
0.3%
1Y
15.5%
STN
CA$151.86
Stantec
7D
1.9%
1Y
40.1%
BDGI
CA$61.38
Badger Infrastructure Solutions
7D
3.4%
1Y
62.6%
ATRL
CA$100.73
AtkinsRéalis Group
7D
2.9%
1Y
78.9%

Estimating The Intrinsic Value Of AtkinsRéalis Group Inc. (TSE:ATRL)

Sep 21
Estimating The Intrinsic Value Of AtkinsRéalis Group Inc. (TSE:ATRL)
ARE
CA$25.01
Aecon Group
7D
11.0%
1Y
19.1%
SUNN
CA$2.12
PowerBank
7D
-8.6%
1Y
-62.1%