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Canadian (TSX) Transportation Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies5
  • 7D-1.5%
  • 3M12.9%
  • 1Y5.1%
  • YTD11.3%

Over the last 7 days, the Transportation industry has dropped 1.5%, driven by Canadian Pacific Kansas City declining 2.2%. Meanwhile, Argo actually outperformed within the industry, gaining 5.5% in the last week. Over the past 12 months, the industry was up 5.1%. As for the next few years, earnings are expected to grow by 7.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Mar 2026CA$213.8bCA$45.3bCA$9.4b22.4x22.8x4.7x
Sun, 01 Feb 2026CA$184.8bCA$45.4bCA$9.4b19.5x19.7x4.1x
Tue, 30 Dec 2025CA$189.5bCA$45.3bCA$9.4b19.9x20.1x4.2x
Thu, 27 Nov 2025CA$182.6bCA$45.6bCA$9.4b19.5x19.3x4x
Sat, 25 Oct 2025CA$192.9bCA$45.7bCA$9.4b19.3x20.6x4.2x
Mon, 22 Sep 2025CA$188.1bCA$45.5bCA$9.4b19.3x20.1x4.1x
Wed, 20 Aug 2025CA$185.3bCA$45.6bCA$9.3b19.5x19.8x4.1x
Fri, 18 Jul 2025CA$203.0bCA$45.7bCA$9.0b19.5x22.6x4.4x
Sun, 15 Jun 2025CA$201.9bCA$45.6bCA$9.0b19.6x22.5x4.4x
Tue, 13 May 2025CA$193.9bCA$45.9bCA$9.0b20x21.6x4.2x
Thu, 10 Apr 2025CA$182.1bCA$45.4bCA$8.9b18x20.5x4x
Sat, 08 Mar 2025CA$207.4bCA$45.6bCA$8.9b18.6x23.3x4.5x
Mon, 03 Feb 2025CA$220.7bCA$45.6bCA$9.0b22.6x24.6x4.8x
Wed, 01 Jan 2025CA$205.1bCA$45.5bCA$9.8b20.6x21x4.5x
Fri, 29 Nov 2024CA$215.6bCA$45.2bCA$9.7b22.6x22.2x4.8x
Sun, 27 Oct 2024CA$214.1bCA$45.1bCA$9.7b21x22x4.7x
Tue, 24 Sep 2024CA$226.7bCA$44.1bCA$9.7b22.1x23.4x5.1x
Thu, 22 Aug 2024CA$216.7bCA$44.1bCA$9.7b22.1x22.4x4.9x
Sat, 20 Jul 2024CA$230.7bCA$42.9bCA$10.2b22.9x22.7x5.4x
Mon, 17 Jun 2024CA$221.8bCA$42.9bCA$10.2b21.6x21.8x5.2x
Wed, 15 May 2024CA$231.8bCA$42.8bCA$10.2b23.8x22.7x5.4x
Fri, 12 Apr 2024CA$247.0bCA$41.7bCA$10.4b20.2x23.8x5.9x
Sun, 10 Mar 2024CA$242.5bCA$41.6bCA$10.4b19.8x23.3x5.8x
Tue, 06 Feb 2024CA$230.7bCA$41.6bCA$10.4b19.5x22.1x5.5x
Thu, 04 Jan 2024CA$222.2bCA$40.2bCA$10.0b21.2x22.3x5.5x
Sat, 02 Dec 2023CA$208.0bCA$40.3bCA$10.0b19.7x20.9x5.2x
Mon, 30 Oct 2023CA$197.9bCA$40.6bCA$10.0b17.5x19.8x4.9x
Wed, 27 Sep 2023CA$207.4bCA$40.3bCA$10.6b17x19.6x5.1x
Fri, 25 Aug 2023CA$214.5bCA$40.4bCA$10.6b17.1x20.3x5.3x
Sun, 23 Jul 2023CA$216.2bCA$40.2bCA$10.4b13.3x20.9x5.4x
Tue, 20 Jun 2023CA$213.1bCA$40.2bCA$10.4b11.6x20.6x5.3x
Thu, 18 May 2023CA$224.0bCA$40.5bCA$10.3b15.9x21.6x5.5x
Sat, 15 Apr 2023CA$221.4bCA$39.7bCA$9.9b16.9x22.4x5.6x
Mon, 13 Mar 2023CA$216.9bCA$40.2bCA$9.9b16.8x21.9x5.4x
Price to Earnings Ratio

21.9x


Total Market Cap: CA$216.9bTotal Earnings: CA$9.9bTotal Revenue: CA$40.2bTotal 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 4.1% 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-2.97%
Industrials-0.63%
Transportation-1.49%
Trucking5.48%
Railroads-1.45%
Cargo Ground Transportation-1.98%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.3x.
    • Analysts are expecting annual earnings growth of 16.9%, 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?

CompanyLast Price7D1YValuation
ARGH ArgoCA$0.395.5%
+CA$5.2m		120.0%PS64.6x

Latest News

CNR
CA$149.98
Canadian National Railway
7D
-0.6%
1Y
2.9%
CP
CA$116.61
Canadian Pacific Kansas City
7D
-2.2%
1Y
4.0%
MTL
CA$17.05
Mullen Group
7D
-2.3%
1Y
29.8%

MTL: Dividend Status And Steady Guidance Will Support Higher Future P/E

Analysts have inched their fair value estimate for Mullen Group slightly higher to CA$18.73, supported by recent Street price target increases to CA$17 at CIBC and a further CA$2.50 uplift at another firm, while also adjusting assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent target price changes around CA$17 to CA$18.73 give you a window into how the Street is thinking about Mullen Group today, especially around execution, growth expectations and the level of risk that should be priced into the shares.
TFII
CA$159.99
TFI International
7D
-1.9%
1Y
33.4%
ARGH
CA$0.39
Argo
7D
5.5%
1Y
120.0%