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Canadian (TSX) Transportation Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies5
  • 7D2.4%
  • 3M19.0%
  • 1Y5.2%
  • YTD11.8%

Over the last 7 days, the Transportation industry has risen 2.4%, driven by gains from Canadian National Railway of 3.3%. This takes the industry's 12 month performance to a gain of 5.2%. 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
Sun, 22 Feb 2026CA$212.1bCA$45.3bCA$9.4b22.4x22.6x4.7x
Tue, 20 Jan 2026CA$191.1bCA$45.5bCA$9.4b20x20.3x4.2x
Thu, 18 Dec 2025CA$186.5bCA$45.4bCA$9.4b19.7x19.8x4.1x
Sat, 15 Nov 2025CA$184.4bCA$45.6bCA$9.4b19.5x19.5x4x
Mon, 13 Oct 2025CA$190.1bCA$45.7bCA$9.4b18.8x20.3x4.2x
Wed, 10 Sep 2025CA$187.6bCA$45.6bCA$9.4b19.3x20.1x4.1x
Fri, 08 Aug 2025CA$188.8bCA$45.5bCA$9.3b18.5x20.2x4.2x
Sun, 06 Jul 2025CA$204.9bCA$45.6bCA$9.0b20.2x22.8x4.5x
Tue, 03 Jun 2025CA$206.1bCA$45.7bCA$9.0b19.3x22.9x4.5x
Thu, 01 May 2025CA$187.4bCA$45.3bCA$8.8b18.3x21.3x4.1x
Sat, 29 Mar 2025CA$196.4bCA$45.6bCA$8.9b17.5x22.1x4.3x
Mon, 24 Feb 2025CA$208.1bCA$45.5bCA$8.9b19.9x23.4x4.6x
Wed, 22 Jan 2025CA$213.6bCA$45.5bCA$9.8b20.8x21.9x4.7x
Fri, 20 Dec 2024CA$209.4bCA$45.5bCA$9.8b21.2x21.4x4.6x
Sun, 17 Nov 2024CA$212.3bCA$45.3bCA$9.7b21.8x21.8x4.7x
Tue, 15 Oct 2024CA$223.3bCA$44.3bCA$9.7b21.6x23.1x5x
Thu, 12 Sep 2024CA$226.2bCA$44.1bCA$9.7b21.8x23.4x5.1x
Sat, 10 Aug 2024CA$214.8bCA$44.2bCA$9.7b21.6x22.2x4.9x
Mon, 08 Jul 2024CA$222.2bCA$42.8bCA$10.2b22.1x21.8x5.2x
Wed, 05 Jun 2024CA$224.6bCA$42.8bCA$10.2b21.6x22.1x5.2x
Fri, 03 May 2024CA$221.7bCA$42.9bCA$10.2b19.3x21.7x5.2x
Sun, 31 Mar 2024CA$245.1bCA$41.6bCA$10.4b20.3x23.6x5.9x
Tue, 27 Feb 2024CA$241.4bCA$41.6bCA$10.4b20.3x23.2x5.8x
Thu, 25 Jan 2024CA$223.6bCA$40.3bCA$10.7b19x20.9x5.6x
Sat, 23 Dec 2023CA$221.3bCA$40.1bCA$10.0b21.3x22.2x5.5x
Mon, 20 Nov 2023CA$208.7bCA$40.5bCA$10.0b18.4x20.9x5.2x
Wed, 18 Oct 2023CA$204.4bCA$40.4bCA$10.6b16.7x19.3x5.1x
Fri, 15 Sep 2023CA$213.5bCA$40.3bCA$10.6b17.5x20.2x5.3x
Sun, 13 Aug 2023CA$222.0bCA$40.3bCA$10.6b17.8x21x5.5x
Tue, 11 Jul 2023CA$212.4bCA$40.3bCA$10.4b12.2x20.5x5.3x
Thu, 08 Jun 2023CA$212.7bCA$40.4bCA$10.4b12x20.5x5.3x
Sat, 06 May 2023CA$222.7bCA$40.4bCA$10.3b15.8x21.5x5.5x
Mon, 03 Apr 2023CA$218.7bCA$39.9bCA$9.9b16.7x22.1x5.5x
Wed, 01 Mar 2023CA$216.1bCA$40.0bCA$9.9b16.6x21.9x5.4x
Price to Earnings Ratio

21.9x


Total Market Cap: CA$216.1bTotal Earnings: CA$9.9bTotal Revenue: CA$40.0bTotal 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 Market1.50%
Industrials1.76%
Transportation2.43%
Railroads2.61%
Cargo Ground Transportation0.10%
Trucking-1.30%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.2x.
    • Analysts are expecting annual earnings growth of 16.5%, 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 6.5% 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
CNR Canadian National RailwayCA$151.193.3%
+CA$2.9b		2.2%PE19.6x
CP Canadian Pacific Kansas CityCA$116.442.1%
+CA$2.1b		5.7%PE25.2x
MTL Mullen GroupCA$17.382.9%
+CA$47.0m		30.8%PE18.3x

Latest News

TFII
CA$163.24
TFI International
7D
-0.2%
1Y
21.1%

TFII: Freight Cycle Recovery And Margin Resilience Will Shape Balanced Forward Outlook

Analysts recently nudged their blended CA$ price target for TFI International higher, reflecting updated views that factor in a slightly higher fair value estimate of CA$161.47, modestly adjusted revenue growth and discount rate assumptions, and somewhat stronger projected profit margins and future P/E multiples, supported by a wave of target increases across firms following recent Q4 results and cautious Q1 guidance. Analyst Commentary Recent research on TFI International clusters around a mixed but generally constructive view, with many firms adjusting price targets higher following the latest Q4 print and updated Q1 guidance.
MTL
CA$17.38
Mullen Group
7D
2.9%
1Y
30.8%
CP
CA$116.44
Canadian Pacific Kansas City
7D
2.1%
1Y
5.7%
CNR
CA$151.19
Canadian National Railway
7D
3.3%
1Y
2.2%
ARGH
CA$0.38
Argo
7D
-1.3%
1Y
117.1%