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Canadian (TSX) Transportation Industry Analysis

UpdatedApr 15, 2026
DataAggregated Company Financials
Companies5
  • 7D3.4%
  • 3M13.2%
  • 1Y13.5%
  • YTD11.6%

In the last week, the Transportation industry is up 3.3%, with all of the companies up. This means that the industry has gained 12% over the past year. As for the next few years, earnings are expected to grow by 6.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026CA$210.0bCA$45.4bCA$9.4b22.2x22.4x4.6x
Fri, 13 Mar 2026CA$203.7bCA$45.3bCA$9.4b21.2x21.7x4.5x
Sun, 08 Feb 2026CA$198.8bCA$45.5bCA$9.4b20.9x21.2x4.4x
Tue, 06 Jan 2026CA$188.5bCA$45.4bCA$9.4b19.7x20x4.2x
Thu, 04 Dec 2025CA$184.9bCA$45.6bCA$9.4b20.1x19.6x4.1x
Sat, 01 Nov 2025CA$184.4bCA$45.9bCA$9.4b19.3x19.5x4x
Mon, 29 Sep 2025CA$186.3bCA$45.6bCA$9.4b18.9x19.9x4.1x
Wed, 27 Aug 2025CA$187.7bCA$45.6bCA$9.3b19.7x20.1x4.1x
Fri, 25 Jul 2025CA$191.2bCA$45.6bCA$9.0b18.6x21.2x4.2x
Sun, 22 Jun 2025CA$202.0bCA$45.7bCA$9.0b19.4x22.5x4.4x
Tue, 20 May 2025CA$212.8bCA$45.9bCA$9.0b20.4x23.7x4.6x
Thu, 17 Apr 2025CA$192.7bCA$45.2bCA$8.9b17.3x21.7x4.3x
Sat, 15 Mar 2025CA$196.1bCA$45.6bCA$8.9b18.1x22.1x4.3x
Mon, 10 Feb 2025CA$210.7bCA$45.4bCA$9.0b21.9x23.5x4.6x
Wed, 08 Jan 2025CA$213.3bCA$45.5bCA$9.8b20.8x21.8x4.7x
Fri, 06 Dec 2024CA$216.7bCA$45.2bCA$9.8b22.6x22.2x4.8x
Sun, 03 Nov 2024CA$212.3bCA$45.2bCA$9.7b20.6x21.8x4.7x
Tue, 01 Oct 2024CA$223.9bCA$44.1bCA$9.7b21.3x23.1x5.1x
Thu, 29 Aug 2024CA$222.7bCA$44.0bCA$9.7b22.3x23x5.1x
Sat, 27 Jul 2024CA$222.8bCA$43.9bCA$10.1b22.8x22x5.1x
Mon, 24 Jun 2024CA$219.1bCA$42.9bCA$10.2b21.1x21.5x5.1x
Wed, 22 May 2024CA$230.9bCA$42.8bCA$10.2b23x22.6x5.4x
Fri, 19 Apr 2024CA$237.4bCA$41.8bCA$10.4b19.9x22.8x5.7x
Sun, 17 Mar 2024CA$243.5bCA$41.6bCA$10.4b19.8x23.4x5.9x
Tue, 13 Feb 2024CA$234.2bCA$41.5bCA$10.4b19.7x22.5x5.6x
Thu, 11 Jan 2024CA$221.4bCA$40.2bCA$10.0b21.5x22.2x5.5x
Sat, 09 Dec 2023CA$211.7bCA$40.4bCA$10.0b18.6x21.2x5.2x
Mon, 06 Nov 2023CA$207.5bCA$40.4bCA$10.0b18.5x20.8x5.1x
Wed, 04 Oct 2023CA$203.9bCA$40.4bCA$10.6b16.9x19.2x5x
Fri, 01 Sep 2023CA$216.9bCA$40.3bCA$10.6b18.3x20.5x5.4x
Sun, 30 Jul 2023CA$221.3bCA$40.9bCA$10.8b13.9x20.6x5.4x
Tue, 27 Jun 2023CA$214.7bCA$40.2bCA$10.4b11.7x20.7x5.3x
Thu, 25 May 2023CA$213.5bCA$40.6bCA$10.4b15.3x20.6x5.3x
Sat, 22 Apr 2023CA$229.0bCA$39.9bCA$9.9b17.1x23.2x5.7x
Price to Earnings Ratio

23.2x


Total Market Cap: CA$229.0bTotal Earnings: CA$9.9bTotal Revenue: CA$39.9bTotal 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 4.4% 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 Market2.81%
Industrials3.03%
Transportation3.43%
Cargo Ground Transportation7.12%
Railroads3.14%
Trucking1.52%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.7x.
    • Analysts are expecting annual earnings growth of 18.3%, 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 18% 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 5.9% 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
CNR Canadian National RailwayCA$154.214.7%
+CA$4.3b		12.1%PE20x
CP Canadian Pacific Kansas CityCA$113.171.7%
+CA$1.7b		9.9%PE24.5x
TFII TFI InternationalCA$172.317.6%
+CA$1.0b		59.9%PE33.1x
MTL Mullen GroupCA$18.033.1%
+CA$51.8m		43.6%PE19x
ARGH ArgoCA$0.341.5%
+CA$1.4m		1.5%PS58.9x

Latest News

CNR
CA$154.21
Canadian National Railway
7D
4.7%
1Y
12.1%

CNR: Shareholder Returns And Infrastructure Stability Will Support Future Earnings Compounding

Analysts have inched their price target on Canadian National Railway lower by about CA$0.30 to CA$154.75, citing slightly more conservative assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts focus on Canadian National Railway's ability to support their fair value work with detailed assumptions on revenue, margin profile, and P/E.
MTL
CA$18.03
Mullen Group
7D
3.1%
1Y
43.6%

MTL: Margin Execution And Buybacks Will Support Future Cash Flow Confidence

Analysts have increased their price target on Mullen Group by CA$0.75, citing higher assumed profit margins and a lower future P/E estimate as key elements in the latest research updates. Analyst Commentary Bullish Takeaways Bullish analysts see the higher assumed profit margins as support for a higher justified valuation, which feeds directly into the CA$0.75 and CA$2.50 target moves.
TFII
CA$172.31
TFI International
7D
7.6%
1Y
59.9%

TFII: Freight Cycle Recovery And U.S. LTL Margin Progress Will Drive Upside

Analysts have trimmed the TFI International fair value estimate slightly to CA$194.26 from CA$195.63, reflecting updated assumptions for discount rate, modestly higher revenue growth and margins, and a lower future P/E. Recent Street research highlights a mix of higher price targets and one reduced target following Q4 results and outlook commentary.
CP
CA$113.17
Canadian Pacific Kansas City
7D
1.7%
1Y
9.9%
ARGH
CA$0.34
Argo
7D
1.5%
1Y
1.5%