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Canadian (TSX) Machinery Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies16
  • 7D4.3%
  • 3M28.8%
  • 1Y20.1%
  • YTD14.0%

Over the last 7 days, the Machinery industry has risen 4.3%, driven by gains from ATS of 5.7%. During this same period, the Dundee Sustainable Technologies underperformed, falling 25%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to grow by 61% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026CA$9.5bCA$10.7b-CA$368,085,827.5958.9x-25.9x0.9x
Tue, 20 Jan 2026CA$9.1bCA$10.7b-CA$396,296,223.9329.6x-22.8x0.8x
Thu, 18 Dec 2025CA$8.1bCA$10.6b-CA$461,198,952.7520.1x-17.5x0.8x
Sat, 15 Nov 2025CA$8.3bCA$10.8b-CA$462,549,641.5524.3x-18x0.8x
Mon, 13 Oct 2025CA$8.3bCA$10.5b-CA$324,454,238.3628.1x-25.5x0.8x
Wed, 10 Sep 2025CA$8.8bCA$10.5b-CA$320,222,738.0127x-27.6x0.8x
Fri, 08 Aug 2025CA$9.4bCA$10.4b-CA$296,200,908.6242.9x-31.8x0.9x
Sun, 06 Jul 2025CA$9.5bCA$10.3b-CA$164,213,096.6837.4x-58.1x0.9x
Tue, 03 Jun 2025CA$8.6bCA$10.3b-CA$165,893,153.7435.6x-52x0.8x
Thu, 01 May 2025CA$7.5bCA$10.6b-CA$43,026,780.9725.6x-173.6x0.7x
Sat, 29 Mar 2025CA$8.0bCA$11.1b-CA$53,444,654.0629.3x-150.5x0.7x
Mon, 24 Feb 2025CA$8.3bCA$11.0b-CA$41,293,951.8229x-202x0.8x
Wed, 22 Jan 2025CA$8.7bCA$11.4b-CA$188,951,965.9030.9x-45.9x0.8x
Fri, 20 Dec 2024CA$9.1bCA$11.4b-CA$156,645,120.2731.4x-58.1x0.8x
Sun, 17 Nov 2024CA$9.2bCA$11.3b-CA$161,367,190.5334.1x-57x0.8x
Tue, 15 Oct 2024CA$9.9bCA$11.4b-CA$112,460,414.8233.2x-87.9x0.9x
Thu, 12 Sep 2024CA$9.2bCA$11.3b-CA$109,943,178.0325.1x-83.4x0.8x
Sat, 10 Aug 2024CA$9.3bCA$11.3b-CA$129,779,938.8625.6x-72x0.8x
Mon, 08 Jul 2024CA$9.4bCA$11.1b-CA$170,939,794.0022.9x-55.2x0.8x
Wed, 05 Jun 2024CA$9.5bCA$11.2b-CA$167,857,918.8822.3x-56.7x0.9x
Fri, 03 May 2024CA$8.9bCA$10.8b-CA$283,286,004.2625.1x-31.5x0.8x
Sun, 31 Mar 2024CA$9.6bCA$10.8b-CA$253,861,682.0622.8x-37.9x0.9x
Tue, 27 Feb 2024CA$10.1bCA$10.6b-CA$483,908,707.9323x-20.9x1x
Thu, 25 Jan 2024CA$11.4bCA$10.9b-CA$569,221,957.0026.1x-20.1x1x
Sat, 23 Dec 2023CA$11.2bCA$10.8b-CA$544,239,383.0027.4x-20.6x1x
Mon, 20 Nov 2023CA$10.8bCA$11.0b-CA$575,024,766.0020.5x-18.7x1x
Wed, 18 Oct 2023CA$10.8bCA$10.5b-CA$611,351,668.0020.9x-17.6x1x
Fri, 15 Sep 2023CA$11.3bCA$10.4b-CA$603,855,433.0020.9x-18.7x1.1x
Sun, 13 Aug 2023CA$11.1bCA$10.0b-CA$628,355,718.0023.3x-17.7x1.1x
Tue, 11 Jul 2023CA$11.2bCA$9.8b-CA$599,461,328.0025.5x-18.7x1.1x
Thu, 08 Jun 2023CA$11.1bCA$9.8b-CA$602,364,592.0026x-18.4x1.1x
Sat, 06 May 2023CA$10.5bCA$9.5b-CA$519,230,080.0028.9x-20.3x1.1x
Mon, 03 Apr 2023CA$10.2bCA$9.4b-CA$543,405,210.0023.2x-18.8x1.1x
Wed, 01 Mar 2023CA$10.2bCA$9.4b-CA$248,627,885.0029.5x-41.1x1.1x
Price to Earnings Ratio

-41.1x


Total Market Cap: CA$10.2bTotal Earnings: -CA$248,627,885.00Total Revenue: CA$9.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Machinery Industry Price to Earnings3Y Average -50.9x202420252026
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 0.90x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

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

CA Market1.50%
Industrials1.76%
Machinery4.27%
Agricultural Machinery8.21%
Industrial Machinery4.47%
Construction Machinery and Vehicles2.74%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry even though it's trading below its 3-year average PE ratio of 106x.
    • Analysts are expecting annual earnings growth of 51.3%, which is higher than its past year's earnings decline of 15.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 90% over the next 5 years.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 51% 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$44.935.7%
+CA$238.3m		9.6%PE233.3x
NFI NFI GroupCA$18.372.7%
+CA$58.4m		64.0%PS0.5x
AFN Ag Growth InternationalCA$29.758.3%
+CA$42.7m		-18.2%PS0.4x
SIS SavariaCA$25.712.1%
+CA$37.3m		43.2%PE29.5x
VLN VelanCA$16.054.0%
+CA$13.2m		0.3%PE81.5x

Latest News

SIS
CA$25.71
Savaria
7D
2.1%
1Y
43.2%

SIS: Updated Assumptions And Investor Day Will Shape Future Pricing

Analysts have raised their price target on Savaria by CA$2 to reflect updated views on its long term fair value. The revised target is supported by refreshed assumptions on revenue growth, profit margins and future P/E expectations.
SHRC
CA$0.11
Sharc International Systems
7D
-15.4%
1Y
-4.3%
NFI
CA$18.37
NFI Group
7D
2.7%
1Y
64.0%
WPRT
CA$2.80
Westport Fuel Systems
7D
5.3%
1Y
-56.2%

Heavy Duty Fuel Systems Focus And Cost Cuts Will Support Long Term Upside

Catalysts About Westport Fuel Systems Westport Fuel Systems focuses on high pressure fuel systems and components for low carbon heavy duty transportation. What are the underlying business or industry changes driving this perspective?
ATS
CA$44.93
ATS
7D
5.7%
1Y
9.6%

ATS: Future P/E Rerating Will Reflect Execution On Order Backlog

The analyst price target for ATS has shifted slightly, with our fair value estimate moving by about $0.21 to reflect updated views on the discount rate, revenue growth, profit margins, and a modestly higher future P/E multiple, in line with recent mixed price target revisions from banks such as Scotiabank, TD Securities, and JPMorgan. Analyst Commentary Recent price target changes around ATS send a mixed but useful signal if you are trying to frame risk and reward.
AFN
CA$29.75
Ag Growth International
7D
8.3%
1Y
-18.2%

AFN: Brazil Controls Review And CEO Transition Will Restore Confidence

Our updated fair value estimate for Ag Growth International edges down by about C$0.25 per share as analysts balance slightly higher discount-rate assumptions and modestly refined growth and profitability expectations against a mixed set of recent price target changes and ratings across the Street. Analyst Commentary Recent Street research on Ag Growth International reflects a split view, with some analysts focusing on valuation support and cleaner disclosure, while others highlight governance overhangs and reduced visibility.
NXH
CA$0.54
Next Hydrogen Solutions
7D
-3.6%
1Y
-33.3%
TMG
CA$0.17
Thermal Energy International
7D
-5.4%
1Y
12.9%
VLN
CA$16.05
Velan
7D
4.0%
1Y
0.3%
FHYD
CA$0.40
First Hydrogen
7D
12.9%
1Y
2.6%
WWT
CA$0.03
Water Ways Technologies
7D
-14.3%
1Y
-40.0%
CSX.H
CA$0.08
Clean Seed Capital Group
7D
-5.9%
1Y
n/a
DST
CA$0.15
Dundee Sustainable Technologies
7D
-25.0%
1Y
36.4%
OML
CA$1.71
Omni-Lite Industries Canada
7D
3.0%
1Y
39.0%
KLS
CA$0.17
Kelso Technologies
7D
-8.3%
1Y
0%