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Canadian (TSX) Transportation Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies5
  • 7D7.0%
  • 3M8.5%
  • 1Y-6.0%
  • YTD3.1%

In the last week, the Transportation industry is up 7.0%, with Canadian Pacific Kansas City up 12%. In the same time, Argo was down 11%. In the past year, the industry is down 6.0%. As for the next few years, earnings are expected to grow by 7.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026CA$189.4bCA$45.5bCA$9.4b20.6x20.2x4.2x
Sat, 03 Jan 2026CA$187.8bCA$45.4bCA$9.4b20x19.9x4.1x
Mon, 01 Dec 2025CA$184.9bCA$45.6bCA$9.4b19.6x19.6x4.1x
Wed, 29 Oct 2025CA$190.1bCA$45.7bCA$9.4b18.9x20.3x4.2x
Fri, 26 Sep 2025CA$186.1bCA$45.7bCA$9.4b18.9x19.9x4.1x
Sun, 24 Aug 2025CA$190.2bCA$45.6bCA$9.3b20x20.4x4.2x
Tue, 22 Jul 2025CA$196.3bCA$45.7bCA$9.0b19.1x21.9x4.3x
Thu, 19 Jun 2025CA$200.7bCA$45.7bCA$9.0b19.4x22.3x4.4x
Sat, 17 May 2025CA$212.6bCA$45.9bCA$9.0b20.3x23.6x4.6x
Mon, 14 Apr 2025CA$192.9bCA$45.2bCA$8.9b17.9x21.8x4.3x
Wed, 12 Mar 2025CA$200.4bCA$45.7bCA$8.9b17.9x22.5x4.4x
Fri, 07 Feb 2025CA$214.8bCA$45.4bCA$9.0b22.2x24x4.7x
Sun, 05 Jan 2025CA$210.5bCA$45.6bCA$9.8b20.6x21.5x4.6x
Tue, 03 Dec 2024CA$217.7bCA$45.2bCA$9.7b22.7x22.4x4.8x
Thu, 31 Oct 2024CA$215.3bCA$45.1bCA$9.7b20.9x22.1x4.8x
Sat, 28 Sep 2024CA$224.4bCA$44.1bCA$9.7b21.3x23.2x5.1x
Mon, 26 Aug 2024CA$221.9bCA$44.1bCA$9.7b22.5x22.9x5x
Wed, 24 Jul 2024CA$232.8bCA$42.9bCA$10.2b22.9x22.9x5.4x
Fri, 21 Jun 2024CA$216.7bCA$42.9bCA$10.2b21.2x21.3x5.1x
Sun, 19 May 2024CA$230.9bCA$42.8bCA$10.2b23.2x22.6x5.4x
Tue, 16 Apr 2024CA$243.1bCA$41.8bCA$10.4b20.1x23.4x5.8x
Thu, 14 Mar 2024CA$244.7bCA$41.5bCA$10.4b20x23.6x5.9x
Sat, 10 Feb 2024CA$235.4bCA$41.6bCA$10.4b19.7x22.6x5.7x
Mon, 08 Jan 2024CA$222.8bCA$40.2bCA$10.0b21.2x22.3x5.5x
Wed, 06 Dec 2023CA$213.5bCA$40.4bCA$10.0b18.9x21.4x5.3x
Fri, 03 Nov 2023CA$202.9bCA$40.5bCA$10.0b18.4x20.3x5x
Sun, 01 Oct 2023CA$206.4bCA$40.3bCA$10.6b17.3x19.5x5.1x
Tue, 29 Aug 2023CA$216.1bCA$40.4bCA$10.6b17.1x20.4x5.4x
Thu, 27 Jul 2023CA$222.5bCA$39.9bCA$10.2b14x21.8x5.6x
Sat, 24 Jun 2023CA$214.4bCA$40.2bCA$10.4b11.5x20.7x5.3x
Mon, 22 May 2023CA$225.5bCA$40.5bCA$10.4b15.9x21.8x5.6x
Wed, 19 Apr 2023CA$224.1bCA$39.8bCA$9.9b16.9x22.7x5.6x
Fri, 17 Mar 2023CA$226.0bCA$40.1bCA$9.9b16.9x22.8x5.6x
Sun, 12 Feb 2023CA$221.7bCA$39.7bCA$9.9b17.1x22.5x5.6x
Price to Earnings Ratio

22.5x


Total Market Cap: CA$221.7bTotal Earnings: CA$9.9bTotal Revenue: CA$39.7bTotal 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 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 4.2x.
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 4.6% 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-1.32%
Industrials-0.19%
Transportation7.04%
Cargo Ground Transportation12.86%
Railroads6.58%
Trucking-10.53%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.1x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings decline of 26.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 6.9% 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
CP Canadian Pacific Kansas CityCA$108.7111.7%
+CA$10.3b		-2.8%PE23.6x
TFII TFI InternationalCA$167.1113.9%
+CA$1.7b		-10.6%PE30.8x
CNR Canadian National RailwayCA$135.231.1%
+CA$674.4m		-9.1%PE17.6x
MTL Mullen GroupCA$17.205.3%
+CA$82.3m		17.4%PE17.3x

Latest News

CP
CA$108.71
Canadian Pacific Kansas City
7D
11.7%
1Y
-2.8%
CNR
CA$135.23
Canadian National Railway
7D
1.1%
1Y
-9.1%

Canadian National Railway (TSE:CNR) Will Pay A Larger Dividend Than Last Year At CA$0.915

Feb 03
Canadian National Railway (TSE:CNR) Will Pay A Larger Dividend Than Last Year At CA$0.915
MTL
CA$17.20
Mullen Group
7D
5.3%
1Y
17.4%

MTL: Higher P/E Expectations May Support Upside As Fair Value Rises

Narrative Update Analysts have lifted their implied fair value estimate for Mullen Group from C$17.40 to C$18.58, reflecting recent price target changes and updated assumptions around revenue, profit margins and future P/E expectations. Analyst Commentary Recent research updates show analysts adjusting their price targets higher for Mullen Group, which feeds directly into the latest implied fair value estimate.
TFII
CA$167.11
TFI International
7D
13.9%
1Y
-10.6%

TFII: Freight Softness And Q4 Guidance Reset Will Likely Cap Near-Term Upside

Analysts have lifted their price targets on TFI International, and our fair value estimate now sits at about US$122.72. This reflects updated views on freight capacity tightening, regulatory-driven supply exits and the potential for improved margins into 2026.
ARGH
CA$0.34
Argo
7D
-10.5%
1Y
161.5%