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Canadian (TSX) Construction Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.5%
  • 3M-11.0%
  • 1Y-19.1%
  • YTD-14.7%

Over the last 7 days, the Construction industry has dropped 2.5%, driven by WSP Global declining 4.3%. The industry has fallen 19% 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
Sun, 07 Jun 2026CA$59.4bCA$46.9bCA$4.3b26.1x14x1.3x
Tue, 05 May 2026CA$69.3bCA$46.0bCA$4.2b32x16.4x1.5x
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
Price to Earnings Ratio

45.4x


Total Market Cap: CA$39.0bTotal Earnings: CA$858.8mTotal 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 14.2x 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 Market-1.18%
Industrials0.19%
Construction-2.47%
Construction and Engineering-2.47%
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$60.404.5%
+CA$144.6m		119.9%PE67.7x
ARE Aecon GroupCA$45.440.8%
+CA$25.3m		135.6%PE88.5x
BDGI Badger Infrastructure SolutionsCA$88.610.8%
+CA$24.6m		95.0%PE37.6x
PBK PowerBankCA$1.256.8%
+CA$3.7m		-32.1%PS1.6x

Latest News

ATRL
CA$80.02
AtkinsRéalis Group
7D
-3.3%
1Y
-14.4%
BDT
CA$60.40
Bird Construction
7D
4.5%
1Y
119.9%
ARE
CA$45.44
Aecon Group
7D
0.8%
1Y
135.6%
Narrative Update • Jun 05

ARE: Future Returns Will Reflect Record Backlog And Northern Infrastructure Pipeline

Analysts have lifted Aecon Group's price target by several dollars to the low CA$50s. This reflects updated models that incorporate recent estimate revisions while keeping key assumptions such as revenue growth, profit margin, and future P/E broadly unchanged.
STN
CA$102.96
Stantec
7D
-1.2%
1Y
-29.2%
BDGI
CA$88.61
Badger Infrastructure Solutions
7D
0.8%
1Y
95.0%
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.
UIG
CA$0.03
Urban Infrastructure Group
7D
-14.3%
1Y
-57.1%
PBK
CA$1.25
PowerBank
7D
6.8%
1Y
-32.1%
WSP
CA$186.86
WSP Global
7D
-4.3%
1Y
-32.7%
PWER
CA$0.21
Global Power Solutions
7D
-2.3%
1Y
40.0%