Narrative Update • Jun 24
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Canadian (TSX) Machinery Industry Analysis
UpdatedJul 02, 2026
DataAggregated Company Financials
Companies16
- 7D2.0%
- 3M12.0%
- 1Y6.7%
- YTD18.2%
In the last week, the Machinery industry is up 4.1%, with ATS up 5.3%. In the last 12 months, the industry was up 8.7%. As for the next few years, earnings are expected to grow by 52% per annum.
Industry Valuation and Performance
Has the Canadian Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 Jul 2026 | CA$10.0b | CA$11.0b | -CA$110,229,371.39 | 24.2x | -90.4x | 0.9x |
| Sat, 30 May 2026 | CA$9.9b | CA$10.9b | -CA$104,654,338.58 | 23.2x | -94.6x | 0.9x |
| Mon, 27 Apr 2026 | CA$10.0b | CA$10.6b | -CA$180,063,216.60 | 43.5x | -55.7x | 0.9x |
| Wed, 25 Mar 2026 | CA$9.2b | CA$11.0b | -CA$161,159,805.44 | 48.9x | -56.9x | 0.8x |
| Fri, 20 Feb 2026 | CA$9.3b | CA$10.7b | -CA$368,299,516.36 | 58.9x | -25.3x | 0.9x |
| Sun, 18 Jan 2026 | CA$9.1b | CA$10.7b | -CA$397,763,402.50 | 28.8x | -22.8x | 0.8x |
| Tue, 16 Dec 2025 | CA$7.8b | CA$10.6b | -CA$461,068,226.39 | 20x | -17x | 0.7x |
| Thu, 13 Nov 2025 | CA$8.4b | CA$10.8b | -CA$461,644,630.51 | 24.2x | -18.2x | 0.8x |
| Sat, 11 Oct 2025 | CA$8.5b | CA$10.5b | -CA$324,454,238.36 | 28.1x | -26.2x | 0.8x |
| Mon, 08 Sep 2025 | CA$9.0b | CA$10.5b | -CA$320,054,562.83 | 27.2x | -28.1x | 0.9x |
| Wed, 06 Aug 2025 | CA$9.3b | CA$10.4b | -CA$296,863,677.31 | 42.2x | -31.3x | 0.9x |
| Fri, 04 Jul 2025 | CA$9.5b | CA$10.3b | -CA$163,916,052.01 | 36.9x | -58.2x | 0.9x |
| Sun, 01 Jun 2025 | CA$8.6b | CA$10.3b | -CA$166,127,704.84 | 35.3x | -51.9x | 0.8x |
| Tue, 29 Apr 2025 | CA$7.5b | CA$10.6b | -CA$43,482,564.71 | 25.4x | -171.7x | 0.7x |
| Thu, 27 Mar 2025 | CA$8.1b | CA$11.1b | -CA$53,070,877.63 | 30.5x | -153.3x | 0.7x |
| Sat, 22 Feb 2025 | CA$8.3b | CA$11.0b | -CA$41,293,951.82 | 29x | -202x | 0.8x |
| Mon, 20 Jan 2025 | CA$8.5b | CA$11.4b | -CA$191,057,378.63 | 30.1x | -44.6x | 0.7x |
| Wed, 18 Dec 2024 | CA$9.3b | CA$11.4b | -CA$154,168,828.52 | 33.2x | -60.2x | 0.8x |
| Fri, 15 Nov 2024 | CA$9.4b | CA$11.3b | -CA$167,503,168.75 | 34.6x | -55.9x | 0.8x |
| Sun, 13 Oct 2024 | CA$9.9b | CA$11.4b | -CA$112,460,414.82 | 33.2x | -87.9x | 0.9x |
| Tue, 10 Sep 2024 | CA$9.1b | CA$11.3b | -CA$109,806,224.37 | 26.2x | -82.6x | 0.8x |
| Thu, 08 Aug 2024 | CA$9.3b | CA$11.4b | -CA$110,131,690.11 | 20.7x | -84.5x | 0.8x |
| Sat, 06 Jul 2024 | CA$9.5b | CA$11.1b | -CA$170,939,794.00 | 22.9x | -55.8x | 0.9x |
| Mon, 03 Jun 2024 | CA$9.5b | CA$11.2b | -CA$166,258,935.57 | 22x | -56.9x | 0.8x |
| Wed, 01 May 2024 | CA$9.0b | CA$10.9b | -CA$286,522,482.86 | 25.6x | -31.6x | 0.8x |
| Fri, 29 Mar 2024 | CA$10.0b | CA$10.8b | -CA$253,815,518.59 | 22.8x | -39.4x | 0.9x |
| Sun, 25 Feb 2024 | CA$10.1b | CA$10.6b | -CA$483,712,559.00 | 22.2x | -20.8x | 0.9x |
| Tue, 23 Jan 2024 | CA$11.4b | CA$10.9b | -CA$566,973,953.00 | 25.7x | -20x | 1x |
| Thu, 21 Dec 2023 | CA$11.5b | CA$10.9b | -CA$549,294,588.00 | 27.7x | -20.9x | 1.1x |
| Sat, 18 Nov 2023 | CA$10.8b | CA$11.0b | -CA$576,600,886.00 | 20.5x | -18.7x | 1x |
| Mon, 16 Oct 2023 | CA$10.8b | CA$10.5b | -CA$612,060,360.00 | 20.9x | -17.7x | 1x |
| Wed, 13 Sep 2023 | CA$11.5b | CA$10.4b | -CA$605,896,863.00 | 20.9x | -18.9x | 1.1x |
| Fri, 11 Aug 2023 | CA$11.0b | CA$10.0b | -CA$648,389,122.00 | 22.6x | -16.9x | 1.1x |
| Sun, 09 Jul 2023 | CA$11.1b | CA$9.8b | -CA$599,455,040.00 | 24.6x | -18.6x | 1.1x |
Price to Earnings Ratio
-18.6x
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 0.88x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have improved over the last three years.
- Revenues for these companies have grown 4.1% 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 Market | 0.037% | |
| Industrials | 0.27% | |
| Machinery | 2.00% | |
| Industrial Machinery | 2.49% | |
| Construction Machinery and Vehicles | 1.21% | |
| Agricultural Machinery | -0.34% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry even though it's trading below its 3-year average PE ratio of 128x.
- Analysts are expecting annual earnings growth of 34.2%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ATS ATS | CA$40.88 | 2.3% +CA$90.3m | -6.9% | PE56x | |
| SIS Savaria | CA$29.64 | 2.9% +CA$60.5m | 50.0% | PE27.1x | |
| NFI NFI Group | CA$23.82 | 1.4% +CA$38.1m | 28.1% | PS0.6x | |
| VLN Velan | CA$16.50 | 2.5% +CA$8.9m | 18.0% | PE16.4x | |
| CNO California Nanotechnologies | CA$0.30 | 22.0% +CA$2.9m | -49.2% | PS4.1x |