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Canadian (TSX) Machinery Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies16
  • 7D0.8%
  • 3M11.6%
  • 1Y41.8%
  • YTD16.6%

Over the last 7 days, the Machinery industry has remained flat, although notably ATS gained 3.1%. As for the the longer term, the industry is up 42% over the past 12 months. Looking forward, earnings are forecast to grow by 59% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Apr 2026CA$9.8bCA$11.0b-CA$173,924,727.6842.9x-56.4x0.9x
Wed, 18 Mar 2026CA$8.8bCA$11.0b-CA$160,037,334.5450.6x-55.3x0.8x
Fri, 13 Feb 2026CA$9.0bCA$10.7b-CA$365,656,214.8860.6x-24.7x0.8x
Sun, 11 Jan 2026CA$8.7bCA$10.7b-CA$468,407,759.0122x-18.6x0.8x
Tue, 09 Dec 2025CA$8.1bCA$10.8b-CA$451,264,380.2220.4x-18x0.8x
Thu, 06 Nov 2025CA$8.4bCA$10.5b-CA$326,637,455.2926.5x-25.6x0.8x
Sat, 04 Oct 2025CA$8.4bCA$10.5b-CA$323,115,069.0427.4x-26x0.8x
Mon, 01 Sep 2025CA$9.0bCA$10.4b-CA$317,226,817.1827.5x-28.4x0.9x
Wed, 30 Jul 2025CA$9.7bCA$10.4b-CA$138,492,877.3442.2x-70.2x0.9x
Fri, 27 Jun 2025CA$9.1bCA$10.3b-CA$164,613,055.1236.8x-55.5x0.9x
Sun, 25 May 2025CA$8.1bCA$10.6b-CA$49,254,435.2738.4x-164.6x0.8x
Tue, 22 Apr 2025CA$7.2bCA$10.6b-CA$43,549,328.2124.3x-165.1x0.7x
Thu, 20 Mar 2025CA$8.2bCA$11.1b-CA$53,705,194.1331.3x-153.2x0.7x
Sat, 15 Feb 2025CA$8.3bCA$10.9b-CA$40,398,270.3329.8x-206x0.8x
Mon, 13 Jan 2025CA$8.6bCA$11.4b-CA$156,871,667.2732.1x-55.1x0.8x
Wed, 11 Dec 2024CA$9.5bCA$11.3b-CA$152,153,133.6332.8x-62.3x0.8x
Fri, 08 Nov 2024CA$9.6bCA$11.3b-CA$143,160,162.9134.6x-67.1x0.9x
Sun, 06 Oct 2024CA$9.7bCA$11.3b-CA$110,726,475.4032.8x-87.8x0.9x
Tue, 03 Sep 2024CA$9.3bCA$11.3b-CA$108,091,230.2325.1x-86x0.8x
Thu, 01 Aug 2024CA$9.6bCA$11.2b-CA$173,418,200.9222.5x-55.1x0.9x
Sat, 29 Jun 2024CA$9.5bCA$11.2b-CA$168,259,493.9421.2x-56.4x0.8x
Mon, 27 May 2024CA$9.3bCA$11.2b-CA$167,519,124.4022x-55.5x0.8x
Wed, 24 Apr 2024CA$9.2bCA$10.8b-CA$271,113,231.8624.6x-34x0.9x
Fri, 22 Mar 2024CA$9.9bCA$10.8b-CA$257,761,518.0721.6x-38.5x0.9x
Sun, 18 Feb 2024CA$10.4bCA$10.6b-CA$482,570,617.0523.2x-21.5x1x
Tue, 16 Jan 2024CA$11.3bCA$10.9b-CA$565,566,376.0027.3x-19.9x1x
Thu, 14 Dec 2023CA$10.9bCA$10.9b-CA$559,822,655.0026.8x-19.4x1x
Sat, 11 Nov 2023CA$10.3bCA$11.0b-CA$577,345,403.0021.4x-17.9x0.9x
Mon, 09 Oct 2023CA$10.9bCA$10.5b-CA$612,337,635.0020.1x-17.8x1x
Wed, 06 Sep 2023CA$11.8bCA$10.5b-CA$609,793,482.0020.5x-19.3x1.1x
Fri, 04 Aug 2023CA$11.1bCA$9.8b-CA$651,052,871.0022.6x-17x1.1x
Sun, 02 Jul 2023CA$11.2bCA$9.8b-CA$596,821,856.0025.1x-18.7x1.1x
Tue, 30 May 2023CA$10.9bCA$9.9b-CA$605,946,993.0026x-17.9x1.1x
Thu, 27 Apr 2023CA$10.1bCA$9.5b-CA$551,240,227.0027.7x-18.2x1.1x
Price to Earnings Ratio

-18.2x


Total Market Cap: CA$10.1bTotal Earnings: -CA$551,240,227.00Total Revenue: CA$9.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Machinery Industry Price to Earnings3Y Average -52x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have improved over the last three years.
  • Revenues for these companies have grown 5.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

Which industries have driven the changes within the Canadian Industrials industry?

CA Market1.29%
Industrials0.66%
Machinery0.82%
Agricultural Machinery4.93%
Industrial Machinery0.83%
Construction Machinery and Vehicles0.25%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry even though it's trading below its 3-year average PE ratio of 121x.
    • Analysts are expecting annual earnings growth of 48.5%, which is higher than its past year's earnings decline of 15.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 89% over the next 5 years.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 48% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ATS ATSCA$45.304.3%
+CA$181.4m		39.0%PE235.2x
AFN Ag Growth InternationalCA$18.791.7%
+CA$6.0m		-41.0%PS0.2x
WPRT Westport Fuel SystemsCA$2.945.0%
+CA$2.4m		-24.8%PS0.1x
FHYD First HydrogenCA$0.405.3%
+CA$1.6m		-3.6%PE-11.2x

Latest News

SIS
CA$29.09
Savaria
7D
-2.9%
1Y
76.5%

SIS: Recent Model Revisions And Higher P E Assumptions Will Support Future Upside

Narrative update on Savaria The analyst price target for Savaria has been raised by CA$3 to CA$33.81. Analysts cited updated assumptions for revenue growth, profit margin and future P/E, along with recent target increases from CA$29 to CA$31 across several firms, as the basis for the adjustment.
AFN
CA$18.79
Ag Growth International
7D
1.7%
1Y
-41.0%

AFN: Brazil Review Clearance And Governance Reset Will Support Renewed Confidence

Narrative Update on Ag Growth International The updated analyst price target for Ag Growth International has moved lower by about CA$1.43, as analysts factor in softer revenue and margin assumptions, alongside a higher implied future P/E multiple. Analyst Commentary Recent Street research on Ag Growth International shows a mix of optimism and caution, with several firms adjusting targets and ratings as they reassess valuation and execution risks.
ATS
CA$45.30
ATS
7D
4.3%
1Y
39.0%

ATS: Future P/E Will Reward Execution On M&A And New Leadership

The ATS analyst price target has inched lower by about CA$0.10 as analysts balance recent target cuts from Goldman Sachs and Scotiabank with increases from TD Securities and JPMorgan. This reflects slightly adjusted assumptions for fair value, discount rate, growth, margins and future P/E.
NFI
CA$20.41
NFI Group
7D
-1.4%
1Y
83.9%
FHYD
CA$0.40
First Hydrogen
7D
5.3%
1Y
-3.6%
NXH
CA$0.57
Next Hydrogen Solutions
7D
-5.0%
1Y
-24.0%
KLS
CA$0.14
Kelso Technologies
7D
-9.4%
1Y
-3.3%
CNO
CA$0.26
California Nanotechnologies
7D
-3.7%
1Y
-54.4%
WPRT
CA$2.94
Westport Fuel Systems
7D
5.0%
1Y
-24.8%
VLN
CA$15.77
Velan
7D
-1.4%
1Y
-0.06%