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

Canadian (TSX) Machinery Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies16
  • 7D0.3%
  • 3M-1.5%
  • 1Y7.2%
  • YTD18.2%

Over the last 7 days, the Machinery industry has remained flat. The past year has been better, since the industry has gained 7.2% in that time. As for the next few years, earnings are expected to grow by 51% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Jul 2026CA$9.9bCA$11.0b-CA$147,154,618.9228.2x-66.9x0.9x
Fri, 19 Jun 2026CA$9.6bCA$11.0b-CA$109,541,225.2124x-87.6x0.9x
Sun, 17 May 2026CA$9.9bCA$10.7b-CA$158,163,848.4824.1x-62.3x0.9x
Tue, 14 Apr 2026CA$9.6bCA$11.1b-CA$175,495,356.6442.6x-55x0.9x
Thu, 12 Mar 2026CA$8.7bCA$10.7b-CA$358,398,769.6453.9x-24.3x0.8x
Sat, 07 Feb 2026CA$8.9bCA$10.7b-CA$367,001,808.8860.6x-24.2x0.8x
Mon, 05 Jan 2026CA$8.4bCA$10.6b-CA$459,339,883.4520.8x-18.2x0.8x
Wed, 03 Dec 2025CA$7.8bCA$10.9b-CA$456,112,112.6120.4x-17.2x0.7x
Fri, 31 Oct 2025CA$8.4bCA$10.5b-CA$323,740,880.4026.5x-26x0.8x
Sun, 28 Sep 2025CA$8.4bCA$10.5b-CA$322,709,046.0926.7x-26x0.8x
Tue, 26 Aug 2025CA$9.1bCA$10.4b-CA$320,040,817.9727.5x-28.3x0.9x
Thu, 24 Jul 2025CA$9.5bCA$10.3b-CA$136,882,995.8244.1x-69.3x0.9x
Sat, 21 Jun 2025CA$8.9bCA$10.3b-CA$165,803,086.9634.4x-53.9x0.9x
Mon, 19 May 2025CA$8.6bCA$10.8b-CA$26,002,977.0528.5x-329.5x0.8x
Wed, 16 Apr 2025CA$7.2bCA$10.6b-CA$44,342,657.4323.7x-163.1x0.7x
Fri, 14 Mar 2025CA$7.8bCA$11.0b-CA$85,079,145.5031.6x-91.2x0.7x
Sun, 09 Feb 2025CA$8.3bCA$11.2b-CA$229,559,101.8630.5x-36x0.7x
Tue, 07 Jan 2025CA$9.3bCA$11.4b-CA$154,666,354.4933.2x-60.1x0.8x
Thu, 05 Dec 2024CA$9.6bCA$11.3b-CA$149,407,822.9533.2x-64.1x0.8x
Sat, 02 Nov 2024CA$9.6bCA$11.5b-CA$118,682,765.6830.7x-80.6x0.8x
Mon, 30 Sep 2024CA$9.7bCA$11.3b-CA$109,329,908.5333.5x-89x0.9x
Wed, 28 Aug 2024CA$9.3bCA$11.2b-CA$106,917,279.8424x-87.2x0.8x
Fri, 26 Jul 2024CA$9.6bCA$11.2b-CA$170,412,635.3323x-56.2x0.9x
Sun, 23 Jun 2024CA$9.2bCA$11.2b-CA$168,743,089.2420.2x-54.6x0.8x
Tue, 21 May 2024CA$9.8bCA$11.2b-CA$165,303,735.2224x-59.5x0.9x
Thu, 18 Apr 2024CA$8.8bCA$10.9b-CA$277,487,995.0823.6x-31.9x0.8x
Sat, 16 Mar 2024CA$9.9bCA$10.8b-CA$258,199,217.8722x-38.3x0.9x
Mon, 12 Feb 2024CA$10.5bCA$10.6b-CA$479,463,533.6623.7x-21.8x1x
Wed, 10 Jan 2024CA$11.1bCA$10.9b-CA$550,596,341.0027.2x-20.1x1x
Fri, 08 Dec 2023CA$10.9bCA$11.0b-CA$564,074,835.0021.5x-19.3x1x
Sun, 05 Nov 2023CA$10.2bCA$10.5b-CA$610,460,449.0020.7x-16.7x1x
Tue, 03 Oct 2023CA$11.2bCA$10.5b-CA$614,794,105.0020.1x-18.3x1.1x
Thu, 31 Aug 2023CA$11.6bCA$10.4b-CA$600,061,620.0018.7x-19.4x1.1x
Sat, 29 Jul 2023CA$11.3bCA$9.8b-CA$593,326,262.0024.6x-19.1x1.2x
Price to Earnings Ratio

-19.1x


Total Market Cap: CA$11.3bTotal Earnings: -CA$593,326,262.00Total Revenue: CA$9.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Machinery Industry Price to Earnings3Y Average -56.8x202420252026
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 0.87x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have improved over the last three years.
  • Revenues for these companies have grown 4.0% 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 Market0.17%
Industrials1.04%
Machinery0.29%
Construction Machinery and Vehicles2.77%
Agricultural Machinery2.50%
Industrial Machinery-0.96%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry even though it's trading below its 3-year average PE ratio of 133x.
    • Analysts are expecting annual earnings growth of 33.6%, which is lower than the prior year's growth of 60.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 99% over the next 5 years.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 34% 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
NFI NFI GroupCA$25.772.8%
+CA$83.4m		34.8%PS0.6x
AFN Ag Growth InternationalCA$19.602.5%
+CA$9.1m		-54.3%PS0.3x
VLN VelanCA$17.411.9%
+CA$6.9m		14.9%PS0.9x
NXH Next Hydrogen SolutionsCA$0.498.9%
+CA$2.8m		7.7%PS10x
WPRT Westport Fuel SystemsCA$2.733.0%
+CA$1.5m		-50.6%PS2x

Latest News

NFI
CA$25.77
NFI Group
7D
2.8%
1Y
34.8%
Narrative Update • Jul 21

NFI: Turnaround And Deleveraging Plans Will Shape Profitability Outlook

The analyst price target for NFI Group has been revised from CA$17.00 to CA$25.64, with analysts citing an operational turnaround, improving profitability assumptions, and a higher forward P/E outlook as key reasons for the change. Analyst Commentary Recent Street research on NFI Group points to a shift in sentiment that highlights both the progress of the operational turnaround and the risks that still matter for shareholders.
AFN
CA$19.60
Ag Growth International
7D
2.5%
1Y
-54.3%
Narrative Update • Jul 21

AFN: New Leadership And Board Review Will Shape Future Risk Reward Balance

Analysts have reduced their 12 month price target on Ag Growth International to CA$20 from CA$30, citing updated assumptions for revenue growth, profit margins and the P/E multiple used in their valuation work. Analyst Commentary Recent Street research on Ag Growth International has included a mix of price target revisions and rating changes, which gives useful context for how professional investors are thinking about the stock after the latest cut to the 12 month target.
FHYD
CA$0.36
First Hydrogen
7D
-8.8%
1Y
-47.1%
APL
CA$0.21
Appulse
7D
-28.3%
1Y
-17.3%
SHRC
CA$0.11
Sharc International Systems
7D
-8.3%
1Y
37.5%
VLN
CA$17.41
Velan
7D
1.9%
1Y
14.9%
ENW
CA$0.21
EnWave
7D
-6.5%
1Y
-50.6%
KLS
CA$0.13
Kelso Technologies
7D
-7.1%
1Y
-25.7%
SIS
CA$30.92
Savaria
7D
-0.8%
1Y
54.4%
WPRT
CA$2.73
Westport Fuel Systems
7D
3.0%
1Y
-50.6%
ATS
CA$37.80
ATS
7D
-1.3%
1Y
-10.1%
Narrative Update • Jun 24

ATS: High Barriers And New CEO Focus Will Shape Future P/E

The analyst price target for ATS has been adjusted slightly higher to CA$52, with analysts citing the company’s high barriers to entry and broad exposure to automated manufacturing demand as key reasons for this change. Analyst Commentary Recent research on ATS highlights a mix of optimism around the company’s positioning in automated manufacturing and some caution around the practical realities of converting that positioning into consistent results.
CSX
CA$0.08
Clean Seed Capital Group
7D
6.7%
1Y
-33.3%
NXH
CA$0.49
Next Hydrogen Solutions
7D
8.9%
1Y
7.7%
AFI
CA$0.035
Affinor Growers
7D
16.7%
1Y
-22.2%
REKO
CA$4.40
Reko International Group
7D
2.3%
1Y
n/a
TMG
CA$0.15
Thermal Energy International
7D
-9.1%
1Y
-6.3%