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Canadian (TSX) Transportation Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies5
  • 7D-0.3%
  • 3M1.4%
  • 1Y-7.9%
  • YTD-1.8%

Over the last 7 days, the Transportation industry has dropped 1.4%, driven by a pullback from Canadian National Railway of 4.4%. However, the industry is down 14% over the past year. As for the next few years, earnings are expected to grow by 7.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026CA$184.9bCA$45.5bCA$9.4b19.6x19.7x4.1x
Thu, 01 Jan 2026CA$188.8bCA$45.4bCA$9.4b19.7x20x4.2x
Sat, 29 Nov 2025CA$183.6bCA$45.6bCA$9.4b19.6x19.5x4x
Mon, 27 Oct 2025CA$192.1bCA$45.7bCA$9.4b19.3x20.5x4.2x
Wed, 24 Sep 2025CA$186.0bCA$45.6bCA$9.4b19.2x19.9x4.1x
Fri, 22 Aug 2025CA$187.6bCA$45.6bCA$9.3b19.2x20.1x4.1x
Sun, 20 Jul 2025CA$196.3bCA$45.7bCA$9.0b19.1x21.9x4.3x
Tue, 17 Jun 2025CA$201.9bCA$45.6bCA$9.0b19.9x22.5x4.4x
Thu, 15 May 2025CA$205.8bCA$45.9bCA$9.0b20.3x22.9x4.5x
Sat, 12 Apr 2025CA$187.5bCA$45.2bCA$8.9b17.9x21.1x4.1x
Mon, 10 Mar 2025CA$206.6bCA$45.6bCA$8.9b18.6x23.3x4.5x
Wed, 05 Feb 2025CA$208.9bCA$45.4bCA$9.0b22x23.3x4.6x
Fri, 03 Jan 2025CA$206.6bCA$45.5bCA$9.8b20.4x21.1x4.5x
Sun, 01 Dec 2024CA$217.7bCA$45.2bCA$9.7b22.8x22.4x4.8x
Tue, 29 Oct 2024CA$214.1bCA$45.1bCA$9.7b21.2x22x4.7x
Thu, 26 Sep 2024CA$226.2bCA$44.0bCA$9.7b21.8x23.4x5.1x
Sat, 24 Aug 2024CA$218.7bCA$44.1bCA$9.7b22.5x22.6x5x
Mon, 22 Jul 2024CA$230.9bCA$42.9bCA$10.2b22.9x22.7x5.4x
Wed, 19 Jun 2024CA$222.4bCA$42.9bCA$10.2b21.3x21.9x5.2x
Fri, 17 May 2024CA$228.1bCA$42.8bCA$10.2b23.7x22.4x5.3x
Sun, 14 Apr 2024CA$243.6bCA$41.8bCA$10.4b20.1x23.4x5.8x
Tue, 12 Mar 2024CA$242.0bCA$41.6bCA$10.4b19.8x23.3x5.8x
Thu, 08 Feb 2024CA$233.6bCA$41.5bCA$10.4b19.8x22.4x5.6x
Sat, 06 Jan 2024CA$223.5bCA$40.2bCA$10.0b21.2x22.4x5.6x
Mon, 04 Dec 2023CA$213.2bCA$40.3bCA$10.0b19.7x21.4x5.3x
Wed, 01 Nov 2023CA$201.1bCA$40.6bCA$10.0b18x20.1x5x
Fri, 29 Sep 2023CA$206.7bCA$40.3bCA$10.6b17.4x19.5x5.1x
Sun, 27 Aug 2023CA$216.1bCA$40.4bCA$10.6b17.1x20.4x5.4x
Tue, 25 Jul 2023CA$219.4bCA$40.2bCA$10.4b13.4x21.2x5.5x
Thu, 22 Jun 2023CA$213.9bCA$40.2bCA$10.4b11.5x20.6x5.3x
Sat, 20 May 2023CA$225.5bCA$40.5bCA$10.4b15.9x21.8x5.6x
Mon, 17 Apr 2023CA$221.4bCA$39.7bCA$9.9b16.9x22.4x5.6x
Wed, 15 Mar 2023CA$215.8bCA$40.0bCA$9.9b16.7x21.8x5.4x
Fri, 10 Feb 2023CA$218.3bCA$39.8bCA$9.8b16.9x22.2x5.5x
Price to Earnings Ratio

22.2x


Total Market Cap: CA$218.3bTotal Earnings: CA$9.8bTotal Revenue: CA$39.8bTotal 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 4.1x.
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-2.83%
Industrials-2.11%
Transportation-0.31%
Cargo Ground Transportation3.48%
Railroads-0.60%
Trucking-2.63%
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 16.0%, 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 7.2% 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$102.613.1%
+CA$2.5b		-5.8%PE22.2x
TFII TFI InternationalCA$153.613.9%
+CA$478.9m		-16.9%PE28.3x
MTL Mullen GroupCA$16.600.06%
+CA$957.3k		16.3%PE16.7x

Latest News

CNR
CA$130.79
Canadian National Railway
7D
-4.5%
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
CP
CA$102.61
Canadian Pacific Kansas City
7D
3.1%
1Y
-5.8%
MTL
CA$16.60
Mullen Group
7D
0.06%
1Y
16.3%

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$153.61
TFI International
7D
3.9%
1Y
-16.9%

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$0.37
Argo
7D
-2.6%
1Y
208.3%