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

Canadian (TSX) Construction Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies11
  • 7D-0.02%
  • 3M-9.5%
  • 1Y-17.2%
  • YTD-13.4%

Last week, the Construction industry hasn't moved much but Bird Construction is up 10.0% in that time. As for the longer term, the industry has declined 17% in the last year. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026CA$59.0bCA$46.9bCA$4.3b26.3x13.9x1.3x
Sun, 03 May 2026CA$69.3bCA$46.0bCA$4.2b31.7x16.4x1.5x
Tue, 31 Mar 2026CA$63.7bCA$45.8bCA$4.2b28x15.1x1.4x
Thu, 26 Feb 2026CA$65.2bCA$44.9bCA$4.1b28.8x15.8x1.5x
Sat, 24 Jan 2026CA$74.9bCA$44.9bCA$4.1b31.2x18.2x1.7x
Mon, 22 Dec 2025CA$67.6bCA$44.9bCA$4.1b29.3x16.4x1.5x
Wed, 19 Nov 2025CA$68.4bCA$44.9bCA$4.1b27.7x16.6x1.5x
Fri, 17 Oct 2025CA$77.2bCA$43.5bCA$3.9b35x19.6x1.8x
Sun, 14 Sep 2025CA$77.1bCA$43.4bCA$4.0b25.3x19.5x1.8x
Tue, 12 Aug 2025CA$74.5bCA$43.3bCA$3.9b34.3x19.1x1.7x
Thu, 10 Jul 2025CA$74.4bCA$41.9bCA$1.4b44.6x51.4x1.8x
Sat, 07 Jun 2025CA$72.8bCA$41.9bCA$1.4b43.2x50.3x1.7x
Mon, 05 May 2025CA$63.1bCA$40.7bCA$1.4b39.9x45.3x1.6x
Wed, 02 Apr 2025CA$61.1bCA$40.5bCA$1.4b37.8x42.9x1.5x
Fri, 28 Feb 2025CA$65.0bCA$35.9bCA$1.4b38.6x45.1x1.8x
Sun, 26 Jan 2025CA$66.0bCA$38.7bCA$1.4b38.1x47.2x1.7x
Tue, 24 Dec 2024CA$63.3bCA$38.7bCA$1.4b37.3x45.3x1.6x
Thu, 21 Nov 2024CA$62.0bCA$38.7bCA$1.4b38.5x44.4x1.6x
Sat, 19 Oct 2024CA$61.6bCA$37.6bCA$1.4b37.1x43.6x1.6x
Mon, 16 Sep 2024CA$53.6bCA$37.6bCA$1.4b35x37.8x1.4x
Wed, 14 Aug 2024CA$52.1bCA$37.6bCA$1.4b36.7x36.7x1.4x
Fri, 12 Jul 2024CA$54.5bCA$37.0bCA$1.5b33.4x36x1.5x
Sun, 09 Jun 2024CA$52.1bCA$37.0bCA$1.5b30.7x34.4x1.4x
Tue, 07 May 2024CA$54.5bCA$36.3bCA$1.5b34.6x37.2x1.5x
Thu, 04 Apr 2024CA$53.5bCA$36.5bCA$1.5b32.4x36.7x1.5x
Sat, 02 Mar 2024CA$51.2bCA$36.1bCA$1.3b32.6x39x1.4x
Mon, 29 Jan 2024CA$48.0bCA$35.8bCA$1.3b33.7x36.9x1.3x
Wed, 27 Dec 2023CA$45.1bCA$35.8bCA$1.3b30.8x34.6x1.3x
Fri, 24 Nov 2023CA$44.4bCA$35.8bCA$1.3b28.7x34.1x1.2x
Sun, 22 Oct 2023CA$41.6bCA$34.6bCA$1.1b28.8x39.5x1.2x
Tue, 19 Sep 2023CA$44.4bCA$34.6bCA$1.1b30.7x42.2x1.3x
Thu, 17 Aug 2023CA$42.9bCA$34.6bCA$1.1b30.4x40.8x1.2x
Sat, 15 Jul 2023CA$40.4bCA$33.1bCA$858.6m33.8x47.1x1.2x
Mon, 12 Jun 2023CA$38.6bCA$33.1bCA$858.9m30.1x44.9x1.2x
Price to Earnings Ratio

44.9x


Total Market Cap: CA$38.6bTotal Earnings: CA$858.9mTotal Revenue: CA$33.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 34.7x202420252026
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 13.9x which is lower than its 3-year average PE of 34.7x.
  • 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 Market1.83%
Industrials0.52%
Construction-0.017%
Construction and Engineering-0.017%
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$64.1610.0%
+CA$321.9m		135.5%PE71.9x
BDGI Badger Infrastructure SolutionsCA$90.331.9%
+CA$56.9m		99.4%PE38.5x
STN StantecCA$104.540.3%
+CA$41.1m		-27.3%PE24.3x
ARE Aecon GroupCA$45.570.8%
+CA$26.0m		138.8%PE88.7x
PBK PowerBankCA$1.4624.8%
+CA$13.5m		-20.7%PS1.9x

Latest News

ARE
CA$45.57
Aecon Group
7D
0.8%
1Y
138.8%
STN
CA$104.54
Stantec
7D
0.3%
1Y
-27.3%
BDGI
CA$90.33
Badger Infrastructure Solutions
7D
1.9%
1Y
99.4%
Narrative Update • Jun 03

BDGI: Earnings Power And Dividend Policy Will Shape Moderated Future Upside

Analysts have nudged their average price target on Badger Infrastructure Solutions higher into the low CA$90s range, pointing to a cluster of recent target increases and upgrades that reflect updated views on the stock’s earnings power and appropriate P/E multiple. Analyst Commentary Recent research updates on Badger Infrastructure Solutions cluster around higher price targets in the low CA$90s and several rating upgrades, with one firm trimming its target to CA$80 while maintaining a neutral stance.
ATRL
CA$82.10
AtkinsRéalis Group
7D
-0.4%
1Y
-11.9%
BDT
CA$64.16
Bird Construction
7D
10.0%
1Y
135.5%
Narrative Update • Jun 03

BDT: Data Center Backlog And Investment Grade Rating Will Shape Future Returns

Bird Construction's analyst price target has moved higher from CA$49.18 to CA$63.38, as analysts point to rising Street targets in the CA$61 to CA$72 range, supported by expectations around backlog strength, multiple verticals and updated P/E assumptions. Analyst Commentary Recent Street research on Bird Construction clusters around higher price targets and generally constructive views on execution, backlog quality and sector positioning, with some caution tied to valuation after a strong share price move.
UIG
CA$0.03
Urban Infrastructure Group
7D
-14.3%
1Y
-57.1%
PBK
CA$1.46
PowerBank
7D
24.8%
1Y
-20.7%
WSP
CA$188.40
WSP Global
7D
-1.6%
1Y
-31.7%
PWER
CA$0.22
Global Power Solutions
7D
4.8%
1Y
46.7%
ACL
CA$0.16
A.C.L. Construction
7D
28.0%
1Y
n/a