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Canadian (TSX) Transportation Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies5
  • 7D-5.6%
  • 3M9.0%
  • 1Y1.9%
  • YTD7.5%

Over the last 7 days, the Transportation industry has dropped 1.5%, driven by a pullback from Canadian Pacific Kansas City of 2.2%. Meanwhile, Argo actually outperformed within the industry, gaining 5.5% in the last week. This takes the industry's 12 month performance to a gain of 5.1%. Earnings are forecast to grow by 7.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026CA$211.3bCA$45.2bCA$9.4b21.6x22.6x4.7x
Mon, 02 Feb 2026CA$184.8bCA$45.4bCA$9.4b19.5x19.7x4.1x
Wed, 31 Dec 2025CA$188.8bCA$45.4bCA$9.4b19.8x20x4.2x
Fri, 28 Nov 2025CA$183.8bCA$45.6bCA$9.4b19.5x19.5x4x
Sun, 26 Oct 2025CA$192.1bCA$45.7bCA$9.4b19.3x20.5x4.2x
Tue, 23 Sep 2025CA$188.1bCA$45.6bCA$9.4b19.2x20.1x4.1x
Thu, 21 Aug 2025CA$189.0bCA$45.6bCA$9.3b19.1x20.2x4.1x
Sat, 19 Jul 2025CA$202.3bCA$45.7bCA$9.0b19.1x22.5x4.4x
Mon, 16 Jun 2025CA$201.9bCA$45.6bCA$9.0b19.6x22.5x4.4x
Wed, 14 May 2025CA$203.5bCA$45.9bCA$9.0b20.1x22.6x4.4x
Fri, 11 Apr 2025CA$194.4bCA$45.3bCA$8.9b17.5x21.9x4.3x
Sun, 09 Mar 2025CA$206.6bCA$45.6bCA$8.9b18.6x23.3x4.5x
Tue, 04 Feb 2025CA$220.7bCA$45.7bCA$9.0b21.6x24.6x4.8x
Thu, 02 Jan 2025CA$206.6bCA$45.5bCA$9.8b20.6x21.1x4.5x
Sat, 30 Nov 2024CA$216.7bCA$45.2bCA$9.7b22.8x22.3x4.8x
Mon, 28 Oct 2024CA$214.1bCA$45.1bCA$9.7b21x22x4.7x
Wed, 25 Sep 2024CA$225.5bCA$44.0bCA$9.7b22.2x23.3x5.1x
Fri, 23 Aug 2024CA$217.3bCA$44.1bCA$9.7b22.1x22.5x4.9x
Sun, 21 Jul 2024CA$230.9bCA$42.9bCA$10.2b22.9x22.7x5.4x
Tue, 18 Jun 2024CA$221.8bCA$42.9bCA$10.2b21.6x21.8x5.2x
Thu, 16 May 2024CA$230.3bCA$42.8bCA$10.2b23.8x22.6x5.4x
Sat, 13 Apr 2024CA$243.6bCA$41.8bCA$10.4b20.1x23.4x5.8x
Mon, 11 Mar 2024CA$242.5bCA$41.6bCA$10.4b19.8x23.3x5.8x
Wed, 07 Feb 2024CA$233.6bCA$41.6bCA$10.4b19.7x22.4x5.6x
Fri, 05 Jan 2024CA$223.5bCA$40.2bCA$10.0b21.2x22.4x5.6x
Sun, 03 Dec 2023CA$213.2bCA$40.3bCA$10.0b19.7x21.4x5.3x
Tue, 31 Oct 2023CA$200.7bCA$40.6bCA$10.0b18x20.1x4.9x
Thu, 28 Sep 2023CA$204.9bCA$40.3bCA$10.6b17.1x19.3x5.1x
Sat, 26 Aug 2023CA$216.1bCA$40.4bCA$10.6b17.1x20.4x5.4x
Mon, 24 Jul 2023CA$218.8bCA$40.2bCA$10.4b13.3x21.1x5.4x
Wed, 21 Jun 2023CA$211.6bCA$40.3bCA$10.4b11.4x20.4x5.3x
Fri, 19 May 2023CA$225.3bCA$40.5bCA$10.4b15.9x21.8x5.6x
Sun, 16 Apr 2023CA$221.4bCA$39.7bCA$9.9b16.9x22.4x5.6x
Tue, 14 Mar 2023CA$215.8bCA$40.1bCA$9.9b16.6x21.8x5.4x
Price to Earnings Ratio

21.8x


Total Market Cap: CA$215.8bTotal Earnings: CA$9.9bTotal Revenue: CA$40.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Transportation Industry Price to Earnings3Y Average 21.6x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Transportation 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 PE ratio of 21.6x.
  • The industry is trading close to its 3-year average PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Transportation industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.2% 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 and as a result, profits have held steady.

Industry Trends

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

CA Market-3.83%
Industrials-1.86%
Transportation-5.57%
Trucking2.70%
Railroads-5.44%
Cargo Ground Transportation-7.32%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.3x.
    • Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings decline of 22.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 23% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 6.6% 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
ARGH ArgoCA$0.382.7%
+CA$2.6m		117.1%PS63.7x

Latest News

CNR
CA$145.13
Canadian National Railway
7D
-5.2%
1Y
-0.08%
CP
CA$112.69
Canadian Pacific Kansas City
7D
-5.7%
1Y
1.0%
MTL
CA$16.67
Mullen Group
7D
-3.4%
1Y
27.3%

MTL: Dividend Status And Steady Guidance Will Support Higher Future P/E

Analysts have inched their fair value estimate for Mullen Group slightly higher to CA$18.73, supported by recent Street price target increases to CA$17 at CIBC and a further CA$2.50 uplift at another firm, while also adjusting assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent target price changes around CA$17 to CA$18.73 give you a window into how the Street is thinking about Mullen Group today, especially around execution, growth expectations and the level of risk that should be priced into the shares.
TFII
CA$150.27
TFI International
7D
-7.8%
1Y
24.8%
ARGH
CA$0.38
Argo
7D
2.7%
1Y
117.1%