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Canadian (TSX) Transportation Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies5
  • 7D-5.8%
  • 3M5.6%
  • 1Y4.8%
  • YTD4.9%

Over the last 7 days, the Transportation industry has dropped 5.8%, driven by declines in Canadian Pacific Kansas City and Canadian National Railway of 5.1% and 5.7%, respectively. In the past year, the industry has gained 4.8%. 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
Sat, 14 Mar 2026CA$203.7bCA$45.3bCA$9.4b21.2x21.7x4.5x
Mon, 09 Feb 2026CA$198.8bCA$45.5bCA$9.4b20.9x21.2x4.4x
Wed, 07 Jan 2026CA$188.5bCA$45.4bCA$9.4b20x20x4.1x
Fri, 05 Dec 2025CA$190.0bCA$45.6bCA$9.4b20.1x20.2x4.2x
Sun, 02 Nov 2025CA$185.3bCA$45.6bCA$9.4b19.6x19.6x4.1x
Tue, 30 Sep 2025CA$186.3bCA$45.6bCA$9.4b19x19.9x4.1x
Thu, 28 Aug 2025CA$192.8bCA$45.5bCA$9.3b19.8x20.6x4.2x
Sat, 26 Jul 2025CA$189.3bCA$45.7bCA$9.0b19.2x21x4.1x
Mon, 23 Jun 2025CA$202.0bCA$45.7bCA$9.0b19.4x22.5x4.4x
Wed, 21 May 2025CA$212.8bCA$45.9bCA$9.0b20.2x23.7x4.6x
Fri, 18 Apr 2025CA$190.4bCA$45.2bCA$8.9b17.4x21.5x4.2x
Sun, 16 Mar 2025CA$200.1bCA$45.6bCA$8.9b18.1x22.5x4.4x
Tue, 11 Feb 2025CA$210.7bCA$45.4bCA$9.0b22x23.5x4.6x
Thu, 09 Jan 2025CA$215.2bCA$45.5bCA$9.8b20.5x22x4.7x
Sat, 07 Dec 2024CA$215.9bCA$45.3bCA$9.8b22.4x22.1x4.8x
Mon, 04 Nov 2024CA$212.3bCA$45.2bCA$9.7b20.6x21.8x4.7x
Wed, 02 Oct 2024CA$224.6bCA$44.1bCA$9.7b21.2x23.2x5.1x
Fri, 30 Aug 2024CA$221.6bCA$44.0bCA$9.7b22.4x22.9x5x
Sun, 28 Jul 2024CA$226.0bCA$43.9bCA$10.1b22.8x22.4x5.1x
Tue, 25 Jun 2024CA$219.1bCA$42.8bCA$10.2b21.5x21.5x5.1x
Thu, 23 May 2024CA$229.9bCA$42.9bCA$10.2b23.1x22.5x5.4x
Sat, 20 Apr 2024CA$237.4bCA$41.8bCA$10.4b19.9x22.8x5.7x
Mon, 18 Mar 2024CA$243.5bCA$41.6bCA$10.4b19.8x23.4x5.9x
Wed, 14 Feb 2024CA$231.5bCA$41.6bCA$10.4b19.4x22.2x5.6x
Fri, 12 Jan 2024CA$221.9bCA$40.2bCA$10.0b21.5x22.3x5.5x
Sun, 10 Dec 2023CA$210.5bCA$40.4bCA$10.0b18.6x21.1x5.2x
Tue, 07 Nov 2023CA$207.5bCA$40.5bCA$10.0b18.3x20.8x5.1x
Thu, 05 Oct 2023CA$203.9bCA$40.5bCA$10.6b16.4x19.2x5x
Sat, 02 Sep 2023CA$220.2bCA$40.4bCA$10.6b18.5x20.8x5.5x
Mon, 31 Jul 2023CA$223.7bCA$40.9bCA$10.8b13.9x20.8x5.5x
Wed, 28 Jun 2023CA$217.3bCA$40.2bCA$10.4b12.5x21x5.4x
Fri, 26 May 2023CA$213.5bCA$40.6bCA$10.4b15.3x20.6x5.3x
Sun, 23 Apr 2023CA$229.0bCA$39.9bCA$9.9b17.1x23.2x5.7x
Tue, 21 Mar 2023CA$203.9bCA$26.0bCA$8.6b24.3x23.7x7.9x
Price to Earnings Ratio

23.7x


Total Market Cap: CA$203.9bTotal Earnings: CA$8.6bTotal Revenue: CA$26.0bTotal 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 grown 2.9% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Industrials industry?

CA Market-2.19%
Industrials-5.41%
Transportation-5.82%
Trucking-1.30%
Railroads-5.37%
Cargo Ground Transportation-11.50%
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 16.8%, 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 6.5% 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
No data available

Latest News

CP
CA$110.64
Canadian Pacific Kansas City
7D
-5.1%
1Y
5.3%
MTL
CA$16.20
Mullen Group
7D
-5.0%
1Y
26.7%

MTL: Dividend Track Record And Buybacks Will Support Higher Future P/E

Analysts have inched their average fair value estimate for Mullen Group higher, with price targets moving up to around CA$17 to CA$18.75 as recent research updates cite refreshed views on the company’s earnings outlook and sector positioning. Analyst Commentary Bullish Takeaways Bullish analysts lifting their price targets into the CA$17 to CA$18.75 range suggest they see the current share price as leaving room for upside if the company continues to execute on its earnings plans.
TFII
CA$140.34
TFI International
7D
-12.3%
1Y
18.7%

TFII: Freight Cycle Recovery And LTL Margin Gains Will Drive Upside

Our fair value estimate for TFI International has shifted higher to CA$195.63 from CA$170.17 as analysts lift price targets following a Q4 beat, ongoing discussions with management, and growing confidence in freight cycle recovery potential and less than truckload margin improvement, partially balanced by some more cautious views on near term guidance. Analyst Commentary Recent research updates around TFI International show a generally constructive tone, with several bullish analysts lifting price targets and highlighting potential upside tied to execution in less than truckload operations, freight cycle exposure, and cash generation.
CNR
CA$141.50
Canadian National Railway
7D
-5.7%
1Y
2.2%
ARGH
CA$0.38
Argo
7D
-1.3%
1Y
123.5%