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Canadian (TSX) Construction Industry Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies10
  • 7D0.2%
  • 3M-9.8%
  • 1Y9.9%
  • YTD-3.5%

The Construction industry has stayed flat over the last week. As for the the longer term, the industry is up 9.9% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026CA$67.9bCA$45.8bCA$4.2b29.3x16.1x1.5x
Fri, 27 Mar 2026CA$66.5bCA$45.8bCA$4.2b28.6x15.8x1.5x
Sun, 22 Feb 2026CA$67.5bCA$44.9bCA$4.1b29.1x16.4x1.5x
Tue, 20 Jan 2026CA$75.0bCA$44.9bCA$4.1b32.3x18.2x1.7x
Thu, 18 Dec 2025CA$66.8bCA$44.9bCA$4.1b28.8x16.2x1.5x
Sat, 15 Nov 2025CA$71.0bCA$44.9bCA$4.1b27.9x17.3x1.6x
Mon, 13 Oct 2025CA$75.6bCA$43.4bCA$3.9b28x19.2x1.7x
Wed, 10 Sep 2025CA$73.9bCA$43.4bCA$4.0b24.8x18.7x1.7x
Fri, 08 Aug 2025CA$75.1bCA$43.0bCA$1.7b44.7x45x1.7x
Sun, 06 Jul 2025CA$74.4bCA$41.9bCA$1.4b44.2x51.3x1.8x
Tue, 03 Jun 2025CA$72.7bCA$41.9bCA$1.4b42.5x50.2x1.7x
Thu, 01 May 2025CA$61.1bCA$40.6bCA$1.4b38.2x43.9x1.5x
Sat, 29 Mar 2025CA$62.1bCA$40.5bCA$1.4b37.1x43.6x1.5x
Mon, 24 Feb 2025CA$61.7bCA$38.7bCA$1.4b35.5x44.3x1.6x
Wed, 22 Jan 2025CA$62.5bCA$38.7bCA$1.4b36.7x44.7x1.6x
Fri, 20 Dec 2024CA$62.8bCA$38.7bCA$1.4b37.6x44.9x1.6x
Sun, 17 Nov 2024CA$61.8bCA$38.7bCA$1.4b37.9x44.3x1.6x
Tue, 15 Oct 2024CA$59.9bCA$37.6bCA$1.4b36.1x42.4x1.6x
Thu, 12 Sep 2024CA$53.7bCA$37.6bCA$1.4b35x37.8x1.4x
Sat, 10 Aug 2024CA$53.3bCA$37.4bCA$1.4b36.5x38x1.4x
Mon, 08 Jul 2024CA$54.1bCA$37.0bCA$1.5b33.5x35.7x1.5x
Wed, 05 Jun 2024CA$50.9bCA$37.0bCA$1.5b30.4x33.6x1.4x
Fri, 03 May 2024CA$52.0bCA$36.3bCA$1.5b32.7x35.5x1.4x
Sun, 31 Mar 2024CA$54.5bCA$36.5bCA$1.5b32.2x37.4x1.5x
Tue, 27 Feb 2024CA$50.4bCA$35.8bCA$1.3b33.8x38.7x1.4x
Thu, 25 Jan 2024CA$47.3bCA$35.8bCA$1.3b33.1x36.3x1.3x
Sat, 23 Dec 2023CA$45.1bCA$35.8bCA$1.3b30.8x34.6x1.3x
Mon, 20 Nov 2023CA$44.8bCA$35.8bCA$1.3b28.2x34.3x1.2x
Wed, 18 Oct 2023CA$43.5bCA$34.6bCA$1.1b30.5x41.3x1.3x
Fri, 15 Sep 2023CA$43.8bCA$34.6bCA$1.1b30.8x41.6x1.3x
Sun, 13 Aug 2023CA$43.4bCA$34.6bCA$1.1b30.7x41.3x1.3x
Tue, 11 Jul 2023CA$39.2bCA$33.1bCA$858.7m33.2x45.7x1.2x
Thu, 08 Jun 2023CA$39.4bCA$33.1bCA$859.0m30.3x45.8x1.2x
Sat, 06 May 2023CA$39.1bCA$31.9bCA$818.9m31.7x47.7x1.2x
Price to Earnings Ratio

47.7x


Total Market Cap: CA$39.1bTotal Earnings: CA$818.9mTotal Revenue: CA$31.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 35.8x202420252026
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 16.1x which is lower than its 3-year average PE of 35.8x.
  • 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 73% 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 Market-0.36%
Industrials1.28%
Construction0.16%
Construction and Engineering0.16%
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
ARE Aecon GroupCA$49.987.6%
+CA$240.3m		209.7%PE97.3x
BDT Bird ConstructionCA$49.307.1%
+CA$180.0m		133.5%PE57.6x

Latest News

ARE
CA$49.98
Aecon Group
7D
7.6%
1Y
209.7%
BDT
CA$49.30
Bird Construction
7D
7.1%
1Y
133.5%
PWER
CA$0.32
Global Power Solutions
7D
-1.6%
1Y
320.0%
STN
CA$122.51
Stantec
7D
-0.5%
1Y
1.2%

STN: Arctic Radar Contract And Buybacks Will Support Future Returns

Analysts have nudged their fair value estimate for Stantec to CA$165.45 from CA$164.91, reflecting small adjustments to assumptions around the discount rate, revenue growth, profit margins, and future P/E. What's in the News Board of directors authorized a new share buyback plan on March 10, 2026, signaling approval to repurchase shares over time (Key Developments).
SUNN
CA$0.88
PowerBank
7D
-4.3%
1Y
-69.9%
RGI
CA$0.01
Reco International Group
7D
-33.3%
1Y
n/a
BDGI
CA$64.28
Badger Infrastructure Solutions
7D
-0.3%
1Y
63.6%

BDGI: Dividend And Margin Resilience Will Support Future Earnings Power

Analysts have nudged their fair value estimate for Badger Infrastructure Solutions slightly lower to about CA$76.78 from roughly CA$77.56, reflecting a mix of trimmed Street price targets, such as BMO Capital's move to CA$80, and more cautious views on growth and margins alongside a higher assumed future P/E multiple. Analyst Commentary Recent research views on Badger Infrastructure Solutions have been mixed, with some analysts adjusting targets modestly while others are taking a more cautious stance on valuation and execution risk.
WSP
CA$222.98
WSP Global
7D
-2.1%
1Y
-8.7%

WSP: Future Cash Flows Will Support Confidence In Rare Earths Project Execution

WSP Global's updated fair value estimate has been trimmed by about CA$4 to CA$323.71. This reflects analysts' mixed price target moves around CA$320 to CA$343 and slightly adjusted assumptions for discount rate, revenue growth and P/E.
ATRL
CA$90.96
AtkinsRéalis Group
7D
-0.8%
1Y
33.2%
ACL
CA$0.13
A.C.L. Construction
7D
-3.7%
1Y
n/a