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Canadian (TSX) Transportation Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies5
  • 7D7.7%
  • 3M9.4%
  • 1Y-2.7%
  • YTD4.7%

All of the companies in the Transportation industry have been up over the last week, with the industry up 7.7%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 7.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026CA$198.8bCA$45.5bCA$9.4b20.9x21.2x4.4x
Tue, 06 Jan 2026CA$188.5bCA$45.4bCA$9.4b19.7x20x4.2x
Thu, 04 Dec 2025CA$184.9bCA$45.6bCA$9.4b20.1x19.6x4.1x
Sat, 01 Nov 2025CA$184.4bCA$45.9bCA$9.4b19.3x19.5x4x
Mon, 29 Sep 2025CA$186.3bCA$45.6bCA$9.4b18.9x19.9x4.1x
Wed, 27 Aug 2025CA$187.7bCA$45.6bCA$9.3b19.7x20.1x4.1x
Fri, 25 Jul 2025CA$191.2bCA$45.6bCA$9.0b18.6x21.2x4.2x
Sun, 22 Jun 2025CA$202.0bCA$45.7bCA$9.0b19.4x22.5x4.4x
Tue, 20 May 2025CA$212.8bCA$45.9bCA$9.0b20.4x23.7x4.6x
Thu, 17 Apr 2025CA$192.7bCA$45.2bCA$8.9b17.3x21.7x4.3x
Sat, 15 Mar 2025CA$196.1bCA$45.6bCA$8.9b18.1x22.1x4.3x
Mon, 10 Feb 2025CA$210.7bCA$45.4bCA$9.0b21.9x23.5x4.6x
Wed, 08 Jan 2025CA$213.3bCA$45.5bCA$9.8b20.8x21.8x4.7x
Fri, 06 Dec 2024CA$216.7bCA$45.2bCA$9.8b22.6x22.2x4.8x
Sun, 03 Nov 2024CA$212.3bCA$45.2bCA$9.7b20.6x21.8x4.7x
Tue, 01 Oct 2024CA$223.9bCA$44.1bCA$9.7b21.3x23.1x5.1x
Thu, 29 Aug 2024CA$222.7bCA$44.0bCA$9.7b22.3x23x5.1x
Sat, 27 Jul 2024CA$222.8bCA$43.9bCA$10.1b22.8x22x5.1x
Mon, 24 Jun 2024CA$219.1bCA$42.9bCA$10.2b21.1x21.5x5.1x
Wed, 22 May 2024CA$230.9bCA$42.8bCA$10.2b23x22.6x5.4x
Fri, 19 Apr 2024CA$237.4bCA$41.8bCA$10.4b19.9x22.8x5.7x
Sun, 17 Mar 2024CA$243.5bCA$41.6bCA$10.4b19.8x23.4x5.9x
Tue, 13 Feb 2024CA$234.2bCA$41.5bCA$10.4b19.7x22.5x5.6x
Thu, 11 Jan 2024CA$221.4bCA$40.2bCA$10.0b21.5x22.2x5.5x
Sat, 09 Dec 2023CA$211.7bCA$40.4bCA$10.0b18.6x21.2x5.2x
Mon, 06 Nov 2023CA$207.5bCA$40.4bCA$10.0b18.5x20.8x5.1x
Wed, 04 Oct 2023CA$203.9bCA$40.4bCA$10.6b16.9x19.2x5x
Fri, 01 Sep 2023CA$216.9bCA$40.3bCA$10.6b18.3x20.5x5.4x
Sun, 30 Jul 2023CA$221.3bCA$40.9bCA$10.8b13.9x20.6x5.4x
Tue, 27 Jun 2023CA$214.7bCA$40.2bCA$10.4b11.7x20.7x5.3x
Thu, 25 May 2023CA$213.5bCA$40.6bCA$10.4b15.3x20.6x5.3x
Sat, 22 Apr 2023CA$229.0bCA$39.9bCA$9.9b17.1x23.2x5.7x
Mon, 20 Mar 2023CA$204.7bCA$26.0bCA$8.6b24.4x23.8x7.9x
Wed, 15 Feb 2023CA$221.8bCA$39.7bCA$9.9b17.2x22.5x5.6x
Price to Earnings Ratio

22.5x


Total Market Cap: CA$221.8bTotal 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 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 4.4x.
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 Market2.10%
Industrials1.25%
Transportation7.65%
Cargo Ground Transportation13.18%
Railroads7.22%
Trucking-8.11%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.1x.
    • Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings decline of 26.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 26% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 7.0% 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
CP Canadian Pacific Kansas CityCA$109.828.5%
+CA$7.7b		-0.3%PE23.8x
CNR Canadian National RailwayCA$138.555.8%
+CA$4.3b		-4.5%PE17.9x
TFII TFI InternationalCA$166.5013.8%
+CA$1.7b		-9.8%PE30.7x
MTL Mullen GroupCA$17.448.5%
+CA$131.9m		22.0%PE17.5x
ARGH ArgoCA$0.34-8.1%
CA$14.4m		151.9%PS57x

Latest News

TFII
CA$166.50
TFI International
7D
13.8%
1Y
-9.8%

TFII: Tighter Capacity And Margin Recovery Expectations Will Shape Freight Cycle Outlook

Analysts have lifted their price targets on TFI International, reflected in our fair value estimate rising from $146.89 to $153.95. They point to tightening industry capacity, regulation-driven supply attrition, and expectations for margin improvement supported by a higher assumed future P/E of 21.21 and a slightly stronger profit margin.
CP
CA$109.82
Canadian Pacific Kansas City
7D
8.5%
1Y
-0.3%
CNR
CA$138.55
Canadian National Railway
7D
5.8%
1Y
-4.5%

Canadian National Railway (TSE:CNR) Will Pay A Larger Dividend Than Last Year At CA$0.915

Feb 03
Canadian National Railway (TSE:CNR) Will Pay A Larger Dividend Than Last Year At CA$0.915
MTL
CA$17.44
Mullen Group
7D
8.5%
1Y
22.0%

MTL: Higher P/E Expectations May Support Upside As Fair Value Rises

Narrative Update Analysts have lifted their implied fair value estimate for Mullen Group from C$17.40 to C$18.58, reflecting recent price target changes and updated assumptions around revenue, profit margins and future P/E expectations. Analyst Commentary Recent research updates show analysts adjusting their price targets higher for Mullen Group, which feeds directly into the latest implied fair value estimate.
ARGH
CA$0.34
Argo
7D
-8.1%
1Y
151.9%