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Canadian (TSX) Machinery Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies16
  • 7D2.8%
  • 3M6.7%
  • 1Y6.3%
  • YTD4.1%

The Machinery industry is up 2.8% in the last week, with Ag Growth International up 23%. Meanwhile, Next Hydrogen Solutions actually underperformed within the industry, shrinking 5.4% in the last week. In the last 12 months, the industry was up 6.3%. Earnings are forecast to grow by 95% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026CA$8.7bCA$10.7b-CA$468,407,759.0122x-18.6x0.8x
Wed, 10 Dec 2025CA$7.8bCA$10.6b-CA$464,042,400.6519.7x-16.9x0.7x
Fri, 07 Nov 2025CA$8.8bCA$10.7b-CA$280,601,852.5824x-31.4x0.8x
Sun, 05 Oct 2025CA$8.6bCA$10.5b-CA$323,115,069.0427.4x-26.5x0.8x
Tue, 02 Sep 2025CA$9.0bCA$10.4b-CA$317,226,817.1827.5x-28.4x0.9x
Thu, 31 Jul 2025CA$9.5bCA$10.4b-CA$139,056,334.0344x-68.6x0.9x
Sat, 28 Jun 2025CA$9.2bCA$10.3b-CA$165,259,504.0135.3x-56x0.9x
Mon, 26 May 2025CA$8.1bCA$10.6b-CA$49,254,435.2738.4x-164.6x0.8x
Wed, 23 Apr 2025CA$7.0bCA$10.6b-CA$43,458,700.9524.4x-161.6x0.7x
Fri, 21 Mar 2025CA$8.3bCA$11.1b-CA$53,610,270.3131.9x-155.7x0.8x
Sun, 16 Feb 2025CA$8.5bCA$10.9b-CA$40,537,845.0829.8x-208.7x0.8x
Tue, 14 Jan 2025CA$8.6bCA$11.4b-CA$156,655,044.1231.4x-55.2x0.8x
Thu, 12 Dec 2024CA$9.5bCA$11.3b-CA$151,920,487.1533x-62.3x0.8x
Sat, 09 Nov 2024CA$9.4bCA$11.2b-CA$163,858,782.9834.6x-57.6x0.8x
Mon, 07 Oct 2024CA$9.7bCA$11.3b-CA$110,726,475.4032.8x-87.8x0.9x
Wed, 04 Sep 2024CA$9.3bCA$11.3b-CA$109,492,811.7025.1x-84.9x0.8x
Fri, 02 Aug 2024CA$9.6bCA$11.5b-CA$105,238,147.0322.2x-90.8x0.8x
Sun, 30 Jun 2024CA$9.5bCA$11.2b-CA$172,561,429.4023.2x-55.1x0.9x
Tue, 28 May 2024CA$9.3bCA$11.2b-CA$166,502,740.9421.9x-55.8x0.8x
Thu, 25 Apr 2024CA$9.2bCA$10.9b-CA$268,676,006.2424.7x-34.3x0.8x
Sat, 23 Mar 2024CA$9.9bCA$10.8b-CA$260,749,505.1222x-38.1x0.9x
Mon, 19 Feb 2024CA$10.4bCA$10.6b-CA$482,570,617.0523.2x-21.5x1x
Wed, 17 Jan 2024CA$11.3bCA$10.9b-CA$567,750,680.0024.6x-19.9x1x
Fri, 15 Dec 2023CA$11.2bCA$10.9b-CA$555,347,149.0025.5x-20.1x1x
Sun, 12 Nov 2023CA$10.5bCA$11.0b-CA$577,345,403.0021.4x-18.2x1x
Tue, 10 Oct 2023CA$10.9bCA$10.5b-CA$612,323,325.0020.1x-17.8x1x
Thu, 07 Sep 2023CA$11.7bCA$10.5b-CA$609,733,780.0020.9x-19.2x1.1x
Sat, 05 Aug 2023CA$10.9bCA$9.9b-CA$652,445,846.0022.8x-16.8x1.1x
Mon, 03 Jul 2023CA$11.2bCA$9.8b-CA$596,821,856.0025.1x-18.7x1.1x
Wed, 31 May 2023CA$10.8bCA$9.9b-CA$606,087,935.0026x-17.8x1.1x
Fri, 28 Apr 2023CA$10.2bCA$9.5b-CA$549,299,831.0027.7x-18.6x1.1x
Sun, 26 Mar 2023CA$9.9bCA$9.5b-CA$557,682,739.0023.1x-17.7x1x
Tue, 21 Feb 2023CA$10.5bCA$9.4b-CA$243,448,888.0029.7x-43.2x1.1x
Thu, 19 Jan 2023CA$9.8bCA$9.2b-CA$245,437,868.0026.9x-39.9x1.1x
Price to Earnings Ratio

-39.9x


Total Market Cap: CA$9.8bTotal Earnings: -CA$245,437,868.00Total Revenue: CA$9.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Machinery Industry Price to Earnings3Y Average -51.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading close to its 3-year average PS ratio of 0.91x.
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 5.0% 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 Market1.46%
Industrials1.09%
Machinery2.78%
Agricultural Machinery22.59%
Construction Machinery and Vehicles1.77%
Industrial Machinery1.65%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 119% over the next 5 years.
    • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 87% 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
    		AFN Ag Growth InternationalCA$28.9422.9%
    +CA$101.6m    		-29.9%PS0.4x
    		SIS SavariaCA$23.864.8%
    +CA$78.1m    		24.2%PE27.3x
    		NFI NFI GroupCA$16.111.7%
    +CA$32.2m    		18.5%PS0.4x
    		VLN VelanCA$19.102.3%
    +CA$9.3m    		61.9%PS1x
    		ATS ATSCA$40.030.2%
    +CA$7.8m    		3.8%PS1.5x

    Latest News

    AFN
    CA$28.94
    Ag Growth International
    7D
    22.9%
    1Y
    -29.9%

    AFN: Brazil Execution And Future Ag Cycle Recovery Will Restore Confidence

    Analysts have trimmed their price targets on Ag Growth International, with the Street now clustering in a C$25 to C$50 range compared with prior targets as high as C$58. This reflects concerns around withdrawn 2025 guidance, accounting reviews in Brazil and softer expectations for near term North American farm recovery, despite some citing longer term upside drivers.
    NFI
    CA$16.11
    NFI Group
    7D
    1.7%
    1Y
    18.5%

    NFI: Leadership Transition And Supply Chain Securing Will Support Future Margin Expansion

    Analysts have made a small upward adjustment to their price target for NFI Group to approximately $20.84 from about $20.79. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E multiples.
    TMG
    CA$0.14
    Thermal Energy International
    7D
    -3.3%
    1Y
    -29.3%

    The Market Lifts Thermal Energy International Inc. (CVE:TMG) Shares 26% But It Can Do More

    Jan 08
    The Market Lifts Thermal Energy International Inc. (CVE:TMG) Shares 26% But It Can Do More
    SIS
    CA$23.86
    Savaria
    7D
    4.8%
    1Y
    24.2%

    SIS: Low Leverage And Active Acquisition Pipeline Will Support Future Upside

    Analysts have nudged their price target on Savaria up by C$1 to C$26, citing updated Street research that supports a slightly higher valuation while keeping their core assumptions on fair value and profitability broadly unchanged. Analyst Commentary Recent Street research supports a modestly higher valuation for Savaria, with the latest price target set at C$26 compared with the prior C$25, while keeping the existing positive stance on the shares intact.
    ATS
    CA$40.03
    ATS
    7D
    0.2%
    1Y
    3.8%

    When Should You Buy ATS Corporation (TSE:ATS)?

    Jan 06
    When Should You Buy ATS Corporation (TSE:ATS)?
    WPRT
    CA$2.75
    Westport Fuel Systems
    7D
    5.8%
    1Y
    -48.6%
    FHYD
    CA$0.39
    First Hydrogen
    7D
    11.4%
    1Y
    5.4%
    CAG
    CA$0.015
    Composite Alliance Group
    7D
    -25.0%
    1Y
    0%
    NXH
    CA$0.53
    Next Hydrogen Solutions
    7D
    -5.4%
    1Y
    -15.9%
    VLN
    CA$19.10
    Velan
    7D
    2.3%
    1Y
    61.9%
    OML
    CA$1.42
    Omni-Lite Industries Canada
    7D
    -2.1%
    1Y
    5.2%
    CNO
    CA$0.37
    California Nanotechnologies
    7D
    13.8%
    1Y
    -60.6%
    BSKY
    CA$0.055
    BluSky Carbon
    7D
    -15.4%
    1Y
    -80.7%
    KLS
    CA$0.20
    Kelso Technologies
    7D
    -2.4%
    1Y
    21.2%