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Canadian (TSX) Transportation Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies5
  • 7D3.2%
  • 3M7.0%
  • 1Y12.7%
  • YTD7.2%

Over the last 7 days, the Transportation industry has risen 2.2%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 9.5%. Looking forward, earnings are forecast to grow by 6.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026CA$201.6bCA$45.5bCA$9.4b21.4x21.5x4.4x
Thu, 05 Mar 2026CA$215.7bCA$45.3bCA$9.4b22.6x23x4.8x
Sat, 31 Jan 2026CA$189.4bCA$45.3bCA$9.3b19.7x20.4x4.2x
Mon, 29 Dec 2025CA$188.3bCA$45.3bCA$9.4b19.8x20x4.2x
Wed, 26 Nov 2025CA$182.6bCA$45.7bCA$9.4b19.4x19.3x4x
Fri, 24 Oct 2025CA$194.3bCA$45.7bCA$9.4b19.2x20.8x4.2x
Sun, 21 Sep 2025CA$188.1bCA$45.5bCA$9.4b19.3x20.1x4.1x
Tue, 19 Aug 2025CA$186.3bCA$45.5bCA$9.3b19.1x19.9x4.1x
Thu, 17 Jul 2025CA$203.9bCA$45.7bCA$9.0b19.6x22.7x4.5x
Sat, 14 Jun 2025CA$204.6bCA$45.6bCA$9.0b19.6x22.8x4.5x
Mon, 12 May 2025CA$193.8bCA$45.9bCA$9.0b18.7x21.6x4.2x
Wed, 09 Apr 2025CA$186.2bCA$45.5bCA$8.9b16.7x21x4.1x
Fri, 07 Mar 2025CA$204.2bCA$45.6bCA$8.9b18.7x23x4.5x
Sun, 02 Feb 2025CA$220.7bCA$45.6bCA$9.0b22.6x24.6x4.8x
Tue, 31 Dec 2024CA$208.2bCA$45.5bCA$9.8b20.5x21.3x4.6x
Thu, 28 Nov 2024CA$213.8bCA$45.2bCA$9.7b22.3x22x4.7x
Sat, 26 Oct 2024CA$215.2bCA$45.1bCA$9.7b21x22.1x4.8x
Mon, 23 Sep 2024CA$226.7bCA$44.1bCA$9.7b22.1x23.4x5.1x
Wed, 21 Aug 2024CA$217.3bCA$44.2bCA$9.7b22x22.4x4.9x
Fri, 19 Jul 2024CA$232.8bCA$42.9bCA$10.2b22.9x22.9x5.4x
Sun, 16 Jun 2024CA$221.8bCA$42.9bCA$10.2b21.6x21.8x5.2x
Tue, 14 May 2024CA$231.8bCA$42.9bCA$10.2b24x22.7x5.4x
Thu, 11 Apr 2024CA$246.7bCA$41.7bCA$10.4b20.4x23.7x5.9x
Sat, 09 Mar 2024CA$242.5bCA$41.6bCA$10.4b19.8x23.3x5.8x
Mon, 05 Feb 2024CA$230.2bCA$41.5bCA$10.4b19.4x22.1x5.5x
Wed, 03 Jan 2024CA$222.5bCA$40.2bCA$10.0b21.5x22.3x5.5x
Fri, 01 Dec 2023CA$205.9bCA$40.4bCA$10.0b19.2x20.6x5.1x
Sun, 29 Oct 2023CA$197.6bCA$40.6bCA$10.0b17.5x19.8x4.9x
Tue, 26 Sep 2023CA$210.9bCA$40.2bCA$10.6b17.7x19.9x5.2x
Thu, 24 Aug 2023CA$216.5bCA$40.3bCA$10.6b17.4x20.5x5.4x
Sat, 22 Jul 2023CA$216.2bCA$40.2bCA$10.4b13.3x20.9x5.4x
Mon, 19 Jun 2023CA$214.4bCA$40.2bCA$10.4b11.7x20.7x5.3x
Wed, 17 May 2023CA$225.4bCA$40.5bCA$10.3b15.8x21.8x5.6x
Fri, 14 Apr 2023CA$219.5bCA$39.7bCA$9.9b16.7x22.3x5.5x
Price to Earnings Ratio

22.3x


Total Market Cap: CA$219.5bTotal 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 Market3.67%
Industrials3.58%
Transportation3.24%
Cargo Ground Transportation7.79%
Trucking6.25%
Railroads2.90%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.6x.
    • Analysts are expecting annual earnings growth of 18.0%, 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 5.8% 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$146.153.5%
+CA$3.0b		8.3%PE18.9x
CP Canadian Pacific Kansas CityCA$110.632.4%
+CA$2.3b		13.3%PE24x
TFII TFI InternationalCA$158.448.3%
+CA$999.4m		45.6%PE30.1x
MTL Mullen GroupCA$17.373.9%
+CA$63.3m		41.4%PE18.3x
ARGH ArgoCA$0.346.3%
+CA$5.5m		36.0%PS59.8x

Latest News

TFII
CA$158.44
TFI International
7D
8.3%
1Y
45.6%

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$17.37
Mullen Group
7D
3.9%
1Y
41.4%
CP
CA$110.63
Canadian Pacific Kansas City
7D
2.4%
1Y
13.3%
ARGH
CA$0.34
Argo
7D
6.3%
1Y
36.0%
CNR
CA$146.15
Canadian National Railway
7D
3.5%
1Y
8.3%