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Canadian (TSX) Transportation Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies5
  • 7D4.3%
  • 3M10.5%
  • 1Y10.4%
  • YTD9.6%

Over the last 7 days, the Transportation industry has risen 4.3%, driven by gains from every company within the industry. In the last 12 months, the industry was up 10%. 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
Thu, 09 Apr 2026CA$204.7bCA$45.4bCA$9.4b21.9x21.8x4.5x
Sat, 07 Mar 2026CA$211.3bCA$45.2bCA$9.4b21.6x22.6x4.7x
Mon, 02 Feb 2026CA$184.8bCA$45.4bCA$9.4b19.5x19.7x4.1x
Wed, 31 Dec 2025CA$188.8bCA$45.4bCA$9.4b19.8x20x4.2x
Fri, 28 Nov 2025CA$183.8bCA$45.6bCA$9.4b19.5x19.5x4x
Sun, 26 Oct 2025CA$192.1bCA$45.7bCA$9.4b19.3x20.5x4.2x
Tue, 23 Sep 2025CA$188.1bCA$45.6bCA$9.4b19.2x20.1x4.1x
Thu, 21 Aug 2025CA$189.0bCA$45.6bCA$9.3b19.1x20.2x4.1x
Sat, 19 Jul 2025CA$202.3bCA$45.7bCA$9.0b19.1x22.5x4.4x
Mon, 16 Jun 2025CA$201.9bCA$45.6bCA$9.0b19.6x22.5x4.4x
Wed, 14 May 2025CA$203.5bCA$45.9bCA$9.0b20.1x22.6x4.4x
Fri, 11 Apr 2025CA$194.4bCA$45.3bCA$8.9b17.5x21.9x4.3x
Sun, 09 Mar 2025CA$206.6bCA$45.6bCA$8.9b18.6x23.3x4.5x
Tue, 04 Feb 2025CA$220.7bCA$45.7bCA$9.0b21.6x24.6x4.8x
Thu, 02 Jan 2025CA$206.6bCA$45.5bCA$9.8b20.6x21.1x4.5x
Sat, 30 Nov 2024CA$216.7bCA$45.2bCA$9.7b22.8x22.3x4.8x
Mon, 28 Oct 2024CA$214.1bCA$45.1bCA$9.7b21x22x4.7x
Wed, 25 Sep 2024CA$225.5bCA$44.0bCA$9.7b22.2x23.3x5.1x
Fri, 23 Aug 2024CA$217.3bCA$44.1bCA$9.7b22.1x22.5x4.9x
Sun, 21 Jul 2024CA$230.9bCA$42.9bCA$10.2b22.9x22.7x5.4x
Tue, 18 Jun 2024CA$221.8bCA$42.9bCA$10.2b21.6x21.8x5.2x
Thu, 16 May 2024CA$230.3bCA$42.8bCA$10.2b23.8x22.6x5.4x
Sat, 13 Apr 2024CA$243.6bCA$41.8bCA$10.4b20.1x23.4x5.8x
Mon, 11 Mar 2024CA$242.5bCA$41.6bCA$10.4b19.8x23.3x5.8x
Wed, 07 Feb 2024CA$233.6bCA$41.6bCA$10.4b19.7x22.4x5.6x
Fri, 05 Jan 2024CA$223.5bCA$40.2bCA$10.0b21.2x22.4x5.6x
Sun, 03 Dec 2023CA$213.2bCA$40.3bCA$10.0b19.7x21.4x5.3x
Tue, 31 Oct 2023CA$200.7bCA$40.6bCA$10.0b18x20.1x4.9x
Thu, 28 Sep 2023CA$204.9bCA$40.3bCA$10.6b17.1x19.3x5.1x
Sat, 26 Aug 2023CA$216.1bCA$40.4bCA$10.6b17.1x20.4x5.4x
Mon, 24 Jul 2023CA$218.8bCA$40.2bCA$10.4b13.3x21.1x5.4x
Wed, 21 Jun 2023CA$211.6bCA$40.3bCA$10.4b11.4x20.4x5.3x
Fri, 19 May 2023CA$225.3bCA$40.5bCA$10.4b15.9x21.8x5.6x
Sun, 16 Apr 2023CA$221.4bCA$39.7bCA$9.9b16.9x22.4x5.6x
Price to Earnings Ratio

22.4x


Total Market Cap: CA$221.4bTotal 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 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 4.6% 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 Market1.91%
Industrials2.22%
Transportation4.34%
Cargo Ground Transportation8.07%
Railroads4.06%
Trucking3.03%
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 18.4%, 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 6.0% 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$152.125.0%
+CA$4.4b		13.7%PE19.7x
CP Canadian Pacific Kansas CityCA$112.322.3%
+CA$2.2b		12.9%PE24.3x
TFII TFI InternationalCA$166.868.6%
+CA$1.1b		43.3%PE31.9x
MTL Mullen GroupCA$17.944.0%
+CA$66.2m		41.6%PE18.9x
ARGH ArgoCA$0.343.0%
+CA$2.7m		19.3%PS59.8x

Latest News

TFII
CA$166.86
TFI International
7D
8.6%
1Y
43.3%

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.
MTL
CA$17.94
Mullen Group
7D
4.0%
1Y
41.6%
CP
CA$112.32
Canadian Pacific Kansas City
7D
2.3%
1Y
12.9%
ARGH
CA$0.34
Argo
7D
3.0%
1Y
19.3%
CNR
CA$152.12
Canadian National Railway
7D
5.0%
1Y
13.7%