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Canadian (TSX) Transportation Industry Analysis
UpdatedMar 22, 2026
DataAggregated Company Financials
Companies5
- 7D-4.6%
- 3M2.1%
- 1Y2.1%
- YTD1.3%
Over the last 7 days, the Transportation industry has dropped 4.6%, driven by Canadian National Railway declining 5.9%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 7.2% annually.
Industry Valuation and Performance
Has the Canadian Transportation Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Mar 2026 | CA$192.2b | CA$45.3b | CA$9.4b | 20.4x | 20.5x | 4.2x |
| Tue, 17 Feb 2026 | CA$207.1b | CA$45.5b | CA$9.4b | 21.9x | 22.1x | 4.6x |
| Thu, 15 Jan 2026 | CA$185.9b | CA$45.5b | CA$9.4b | 19.6x | 19.7x | 4.1x |
| Sat, 13 Dec 2025 | CA$189.2b | CA$45.4b | CA$9.4b | 19.9x | 20.1x | 4.2x |
| Mon, 10 Nov 2025 | CA$183.0b | CA$45.6b | CA$9.4b | 19.4x | 19.4x | 4x |
| Wed, 08 Oct 2025 | CA$195.2b | CA$45.7b | CA$9.4b | 19.5x | 20.9x | 4.3x |
| Fri, 05 Sep 2025 | CA$192.4b | CA$45.6b | CA$9.4b | 20.1x | 20.6x | 4.2x |
| Sun, 03 Aug 2025 | CA$183.2b | CA$45.5b | CA$9.3b | 18.3x | 19.6x | 4x |
| Tue, 01 Jul 2025 | CA$200.6b | CA$45.6b | CA$9.0b | 19.7x | 22.3x | 4.4x |
| Thu, 29 May 2025 | CA$206.3b | CA$45.8b | CA$9.0b | 19.5x | 23x | 4.5x |
| Sat, 26 Apr 2025 | CA$190.5b | CA$45.4b | CA$8.8b | 18.2x | 21.6x | 4.2x |
| Mon, 24 Mar 2025 | CA$194.2b | CA$45.6b | CA$8.9b | 17.9x | 21.9x | 4.3x |
| Wed, 19 Feb 2025 | CA$209.6b | CA$45.3b | CA$8.9b | 21.8x | 23.4x | 4.6x |
| Fri, 17 Jan 2025 | CA$207.9b | CA$45.5b | CA$9.8b | 20.7x | 21.3x | 4.6x |
| Sun, 15 Dec 2024 | CA$211.6b | CA$45.4b | CA$9.8b | 22.3x | 21.7x | 4.7x |
| Tue, 12 Nov 2024 | CA$216.3b | CA$45.1b | CA$9.7b | 22x | 22.2x | 4.8x |
| Thu, 10 Oct 2024 | CA$217.2b | CA$44.2b | CA$9.7b | 21.1x | 22.4x | 4.9x |
| Sat, 07 Sep 2024 | CA$220.7b | CA$44.1b | CA$9.7b | 21.5x | 22.8x | 5x |
| Mon, 05 Aug 2024 | CA$218.6b | CA$44.3b | CA$9.7b | 22.1x | 22.6x | 4.9x |
| Wed, 03 Jul 2024 | CA$221.1b | CA$42.8b | CA$10.2b | 21.9x | 21.7x | 5.2x |
| Fri, 31 May 2024 | CA$223.5b | CA$42.9b | CA$10.2b | 23x | 21.9x | 5.2x |
| Sun, 28 Apr 2024 | CA$230.1b | CA$42.9b | CA$10.2b | 19.8x | 22.5x | 5.4x |
| Tue, 26 Mar 2024 | CA$247.9b | CA$41.6b | CA$10.4b | 20.1x | 23.9x | 6x |
| Thu, 22 Feb 2024 | CA$235.8b | CA$41.6b | CA$10.4b | 19.8x | 22.7x | 5.7x |
| Sat, 20 Jan 2024 | CA$223.7b | CA$40.3b | CA$10.0b | 21.1x | 22.4x | 5.6x |
| Mon, 18 Dec 2023 | CA$213.3b | CA$40.2b | CA$10.0b | 19.1x | 21.4x | 5.3x |
| Wed, 15 Nov 2023 | CA$204.4b | CA$40.5b | CA$10.0b | 18.9x | 20.5x | 5.1x |
| Fri, 13 Oct 2023 | CA$205.5b | CA$40.4b | CA$10.6b | 16.6x | 19.4x | 5.1x |
| Sun, 10 Sep 2023 | CA$210.3b | CA$40.4b | CA$10.6b | 17.7x | 19.9x | 5.2x |
| Tue, 08 Aug 2023 | CA$220.3b | CA$40.2b | CA$10.6b | 17.6x | 20.8x | 5.5x |
| Thu, 06 Jul 2023 | CA$218.6b | CA$40.3b | CA$10.4b | 12.1x | 21.1x | 5.4x |
| Sat, 03 Jun 2023 | CA$217.8b | CA$40.4b | CA$10.4b | 12.2x | 21x | 5.4x |
| Mon, 01 May 2023 | CA$220.5b | CA$40.5b | CA$10.4b | 15.8x | 21.3x | 5.4x |
| Wed, 29 Mar 2023 | CA$215.6b | CA$40.0b | CA$9.9b | 16.3x | 21.8x | 5.4x |
Price to Earnings Ratio
21.8x
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 4.3x.
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 4.3% 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 | -3.67% | |
| Industrials | -3.51% | |
| Transportation | -4.62% | |
| Cargo Ground Transportation | -2.58% | |
| Railroads | -4.75% | |
| Trucking | -13.70% | |
Industry PE
- Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.4x.
- Analysts are expecting annual earnings growth of 16.7%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTL Mullen Group | CA$16.15 | 0.4% +CA$6.7m | 26.0% | PE17x |