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

Canadian (TSX) Construction Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.8%
  • 3M-4.3%
  • 1Y5.5%
  • YTD-5.4%

In the last week, the Construction industry is flat overall, with Badger Infrastructure Solutions standing out by going down 3.8%. The past year has been better, since the industry has gained 5.5% in that time. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026CA$64.8bCA$45.8bCA$4.2b28.9x15.4x1.4x
Sat, 28 Feb 2026CA$69.4bCA$45.2bCA$4.2b29.3x16.5x1.5x
Mon, 26 Jan 2026CA$74.2bCA$44.9bCA$4.1b31.2x18x1.7x
Wed, 24 Dec 2025CA$69.6bCA$44.9bCA$4.1b29.9x16.9x1.6x
Fri, 21 Nov 2025CA$68.0bCA$44.9bCA$4.1b27.7x16.5x1.5x
Sun, 19 Oct 2025CA$75.4bCA$43.4bCA$3.9b34.8x19.1x1.7x
Tue, 16 Sep 2025CA$77.1bCA$43.4bCA$4.0b25.9x19.5x1.8x
Thu, 14 Aug 2025CA$75.1bCA$43.3bCA$3.9b34.2x19.2x1.7x
Sat, 12 Jul 2025CA$74.9bCA$41.9bCA$1.4b44.8x51.7x1.8x
Mon, 09 Jun 2025CA$73.4bCA$41.9bCA$1.4b43.2x50.6x1.7x
Wed, 07 May 2025CA$63.4bCA$40.7bCA$1.4b39.7x45.5x1.6x
Fri, 04 Apr 2025CA$62.3bCA$40.5bCA$1.4b37.6x43.7x1.5x
Sun, 02 Mar 2025CA$64.6bCA$39.9bCA$1.4b38.9x44.8x1.6x
Tue, 28 Jan 2025CA$66.0bCA$38.7bCA$1.4b37.1x47.2x1.7x
Thu, 26 Dec 2024CA$63.9bCA$38.7bCA$1.4b37.5x45.8x1.7x
Sat, 23 Nov 2024CA$63.6bCA$38.7bCA$1.4b39.3x45.6x1.6x
Mon, 21 Oct 2024CA$62.0bCA$37.6bCA$1.4b37.1x43.9x1.6x
Wed, 18 Sep 2024CA$54.1bCA$37.6bCA$1.4b35.8x38.1x1.4x
Fri, 16 Aug 2024CA$53.5bCA$37.6bCA$1.4b37.7x37.7x1.4x
Sun, 14 Jul 2024CA$54.9bCA$37.0bCA$1.5b33.6x36.2x1.5x
Tue, 11 Jun 2024CA$52.0bCA$37.0bCA$1.5b31x34.3x1.4x
Thu, 09 May 2024CA$53.5bCA$36.3bCA$1.5b34.2x36.5x1.5x
Sat, 06 Apr 2024CA$52.3bCA$36.5bCA$1.5b32.1x35.9x1.4x
Mon, 04 Mar 2024CA$52.3bCA$36.5bCA$1.5b29.2x35.8x1.4x
Wed, 31 Jan 2024CA$48.2bCA$35.8bCA$1.3b33.6x37x1.3x
Fri, 29 Dec 2023CA$45.3bCA$35.8bCA$1.3b31.1x34.8x1.3x
Sun, 26 Nov 2023CA$44.4bCA$35.8bCA$1.3b28.7x34.1x1.2x
Tue, 24 Oct 2023CA$42.0bCA$34.6bCA$1.1b29.2x39.9x1.2x
Thu, 21 Sep 2023CA$44.2bCA$34.6bCA$1.1b30.1x42x1.3x
Sat, 19 Aug 2023CA$42.4bCA$34.6bCA$1.1b30x40.3x1.2x
Mon, 17 Jul 2023CA$40.4bCA$33.1bCA$858.6m33.8x47.1x1.2x
Wed, 14 Jun 2023CA$39.0bCA$33.1bCA$858.8m30.3x45.4x1.2x
Fri, 12 May 2023CA$38.5bCA$33.1bCA$859.3m30.1x44.9x1.2x
Sun, 09 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 36.6x202420252026
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 15.4x which is lower than its 3-year average PE of 36.6x.
  • 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 Market1.56%
Industrials0.22%
Construction-0.84%
Construction and Engineering-0.84%
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$40.857.7%
+CA$161.2m		86.8%PE47.7x
ARE Aecon GroupCA$42.20-3.5%
CA$86.8m		141.7%PE190.6x
WSP WSP GlobalCA$222.010.07%
+CA$20.2m		-10.3%PE31x
ACL A.C.L. ConstructionCA$0.205.4%
+CA$367.6k		n/aPS0.5x

Latest News

SUNN
CA$0.75
PowerBank
7D
-10.7%
1Y
-78.1%
ARE
CA$42.20
Aecon Group
7D
-3.5%
1Y
141.7%
PWER
CA$0.31
Global Power Solutions
7D
-13.9%
1Y
n/a
WSP
CA$222.01
WSP Global
7D
0.07%
1Y
-10.3%
BDT
CA$40.85
Bird Construction
7D
7.7%
1Y
86.8%

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?
ATRL
CA$92.08
AtkinsRéalis Group
7D
-2.8%
1Y
30.7%
BDGI
CA$62.69
Badger Infrastructure Solutions
7D
-3.2%
1Y
58.7%

BDGI: Hold Revisions Will Highlight Dividend Support And Future Earnings Power

Narrative Update Analysts have reduced their blended price target on Badger Infrastructure Solutions by CA$5 to CA$80. This change reflects updated assumptions, including a slightly lower forward P/E multiple and recent price target and rating changes from the Street.
STN
CA$121.32
Stantec
7D
-0.9%
1Y
-0.6%

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
5.4%
1Y
n/a