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Canadian (TSX) Construction Industry Analysis

UpdatedOct 25, 2025
DataAggregated Company Financials
Companies10
  • 7D0.9%
  • 3M0.8%
  • 1Y24.4%
  • YTD21.6%

In the last week, Construction has been flat. The past year has been better, since the industry has gained 24% in that time. 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
Sun, 26 Oct 2025CA$76.1bCA$43.4bCA$3.9b30.3x19.3x1.8x
Tue, 23 Sep 2025CA$77.4bCA$43.4bCA$4.0b26.2x19.6x1.8x
Thu, 21 Aug 2025CA$74.3bCA$43.4bCA$4.0b31x18.8x1.7x
Sat, 19 Jul 2025CA$75.8bCA$41.9bCA$1.4b45.6x52.3x1.8x
Mon, 16 Jun 2025CA$72.6bCA$41.9bCA$1.4b43x50.1x1.7x
Wed, 14 May 2025CA$66.0bCA$41.5bCA$1.4b41.6x46.8x1.6x
Fri, 11 Apr 2025CA$60.4bCA$40.4bCA$1.4b36.7x42.4x1.5x
Sun, 09 Mar 2025CA$60.9bCA$40.0bCA$1.5b35x41.8x1.5x
Tue, 04 Feb 2025CA$62.0bCA$38.7bCA$1.4b35.6x44.4x1.6x
Thu, 02 Jan 2025CA$63.6bCA$38.7bCA$1.4b36.9x45.6x1.6x
Sat, 30 Nov 2024CA$64.0bCA$38.7bCA$1.4b39.7x45.8x1.7x
Mon, 28 Oct 2024CA$61.7bCA$37.6bCA$1.4b37.1x43.7x1.6x
Wed, 25 Sep 2024CA$54.9bCA$37.6bCA$1.4b36.3x38.7x1.5x
Fri, 23 Aug 2024CA$54.9bCA$37.6bCA$1.4b38.3x38.6x1.5x
Sun, 21 Jul 2024CA$54.5bCA$37.0bCA$1.5b32.6x35.9x1.5x
Tue, 18 Jun 2024CA$52.9bCA$37.0bCA$1.5b34.1x34.9x1.4x
Thu, 16 May 2024CA$53.6bCA$36.6bCA$1.5b32.6x35.9x1.5x
Sat, 13 Apr 2024CA$52.4bCA$36.5bCA$1.5b31.3x35.9x1.4x
Mon, 11 Mar 2024CA$54.7bCA$36.5bCA$1.5b31.2x37.5x1.5x
Wed, 07 Feb 2024CA$48.8bCA$35.8bCA$1.3b33.2x37.5x1.4x
Fri, 05 Jan 2024CA$45.4bCA$35.8bCA$1.3b30.8x34.9x1.3x
Sun, 03 Dec 2023CA$45.3bCA$35.8bCA$1.3b30.1x34.8x1.3x
Tue, 31 Oct 2023CA$40.8bCA$34.5bCA$1.2b29.6x35.4x1.2x
Thu, 28 Sep 2023CA$43.6bCA$34.6bCA$1.1b29.9x41.4x1.3x
Sat, 26 Aug 2023CA$43.2bCA$34.6bCA$1.1b30.4x41.1x1.3x
Mon, 24 Jul 2023CA$41.4bCA$33.1bCA$858.5m34.1x48.2x1.3x
Wed, 21 Jun 2023CA$38.6bCA$33.1bCA$858.6m29.8x45x1.2x
Fri, 19 May 2023CA$38.5bCA$33.1bCA$859.3m29.7x44.8x1.2x
Sun, 16 Apr 2023CA$38.5bCA$31.8bCA$800.1m38.6x48.1x1.2x
Tue, 14 Mar 2023CA$38.1bCA$31.7bCA$789.4m42.6x48.2x1.2x
Thu, 09 Feb 2023CA$36.7bCA$30.6bCA$765.3m45x47.9x1.2x
Sat, 07 Jan 2023CA$33.8bCA$30.6bCA$765.1m42x44.2x1.1x
Mon, 05 Dec 2022CA$34.3bCA$30.6bCA$765.1m43.1x44.8x1.1x
Wed, 02 Nov 2022CA$33.9bCA$30.0bCA$743.3m41.9x45.7x1.1x
Price to Earnings Ratio

45.7x


Total Market Cap: CA$33.9bTotal Earnings: CA$743.3mTotal Revenue: CA$30.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Construction Industry Price to Earnings3Y Average 40.7x202320242025
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 19.4x which is lower than its 3-year average PE of 40.7x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.8x.
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 Market0.37%
Industrials0.89%
Construction0.91%
Construction and Engineering0.91%
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
STN StantecCA$156.841.8%
+CA$314.8m		38.0%PE41x
ARE Aecon GroupCA$28.4916.3%
+CA$255.1m		26.6%PE72.9x
BDT Bird ConstructionCA$30.564.5%
+CA$72.6m		-0.7%PE17.2x
BDGI Badger Infrastructure SolutionsCA$70.253.1%
+CA$71.5m		71.1%PE30.3x
ATRL AtkinsRéalis GroupCA$97.710.1%
+CA$19.9m		45.8%PE6.4x

Latest News

ARE
CA$28.49
Aecon Group
7D
16.3%
1Y
26.6%
BDGI
CA$70.25
Badger Infrastructure Solutions
7D
3.1%
1Y
71.1%

Is Now The Time To Look At Buying Badger Infrastructure Solutions Ltd. (TSE:BDGI)?

Oct 25
Is Now The Time To Look At Buying Badger Infrastructure Solutions Ltd. (TSE:BDGI)?
BDT
CA$30.56
Bird Construction
7D
4.5%
1Y
-0.7%

Bird Construction Inc.'s (TSE:BDT) Intrinsic Value Is Potentially 86% Above Its Share Price

Oct 25
Bird Construction Inc.'s (TSE:BDT) Intrinsic Value Is Potentially 86% Above Its Share Price
ATRL
CA$97.71
AtkinsRéalis Group
7D
0.1%
1Y
45.8%

Analysts Raise Price Targets for AtkinsRéalis Group Amid Upbeat Growth and Valuation Updates

AtkinsRéalis Group’s analyst price target has been modestly increased by analysts, rising from approximately C$112.24 to C$113.03. This change reflects improved revenue growth projections and updated valuation assumptions.
STN
CA$156.84
Stantec
7D
1.8%
1Y
38.0%
WSP
CA$276.16
WSP Global
7D
-0.1%
1Y
11.2%

Sustainable Infrastructure And Digital Trends Will Redefine Market Landscape

WSP Global’s fair value estimate has been increased by nearly $5 to $318.21. Analysts factored in recent upward adjustments to price targets, reflecting improved revenue forecasts and sustained confidence in the company’s outlook.
SUNN
CA$2.44
PowerBank
7D
-8.3%
1Y
-51.3%
UIG
CA$0.05
Urban Infrastructure Group
7D
11.1%
1Y
-44.4%