Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Transportation Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies5
  • 7D-1.6%
  • 3M-0.6%
  • 1Y-12.0%
  • YTD-1.3%

The Transportation industry has stayed flat over the last week. Unfortunately though, the industry is down 12% over the past 12 months. Looking forward, earnings are forecast to grow by 7.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026CA$189.2bCA$45.4bCA$9.4b19.7x20.1x4.2x
Mon, 22 Dec 2025CA$189.0bCA$45.4bCA$9.4b19.8x20.1x4.2x
Wed, 19 Nov 2025CA$182.4bCA$45.6bCA$9.4b19x19.3x4x
Fri, 17 Oct 2025CA$195.8bCA$45.7bCA$9.4b19.8x20.9x4.3x
Sun, 14 Sep 2025CA$188.2bCA$45.6bCA$9.4b19.4x20.1x4.1x
Tue, 12 Aug 2025CA$185.4bCA$45.5bCA$9.3b18.3x19.8x4.1x
Thu, 10 Jul 2025CA$205.0bCA$45.7bCA$9.0b20.2x22.8x4.5x
Sat, 07 Jun 2025CA$206.0bCA$45.7bCA$9.0b19.6x22.9x4.5x
Mon, 05 May 2025CA$194.9bCA$45.8bCA$9.0b18.7x21.7x4.3x
Wed, 02 Apr 2025CA$192.6bCA$45.6bCA$8.9b17.7x21.7x4.2x
Fri, 28 Feb 2025CA$206.7bCA$45.7bCA$8.9b19.1x23.3x4.5x
Sun, 26 Jan 2025CA$219.8bCA$45.5bCA$9.8b21x22.5x4.8x
Tue, 24 Dec 2024CA$206.4bCA$45.5bCA$9.8b21x21.1x4.5x
Thu, 21 Nov 2024CA$208.2bCA$45.2bCA$9.7b21.7x21.4x4.6x
Sat, 19 Oct 2024CA$221.5bCA$44.3bCA$9.7b21.3x22.9x5x
Mon, 16 Sep 2024CA$228.9bCA$44.1bCA$9.7b22x23.6x5.2x
Wed, 14 Aug 2024CA$213.0bCA$44.2bCA$9.7b21.8x22x4.8x
Fri, 12 Jul 2024CA$223.8bCA$42.8bCA$10.2b22.4x22x5.2x
Sun, 09 Jun 2024CA$225.1bCA$42.9bCA$10.2b22.1x22.1x5.2x
Tue, 07 May 2024CA$230.4bCA$42.9bCA$10.2b19.9x22.6x5.4x
Thu, 04 Apr 2024CA$242.8bCA$41.6bCA$10.4b20.1x23.4x5.8x
Sat, 02 Mar 2024CA$238.5bCA$41.6bCA$10.4b20.1x23x5.7x
Mon, 29 Jan 2024CA$222.3bCA$40.2bCA$10.7b19x20.8x5.5x
Wed, 27 Dec 2023CA$221.3bCA$40.1bCA$10.0b21.3x22.2x5.5x
Fri, 24 Nov 2023CA$206.3bCA$40.5bCA$10.0b18.8x20.7x5.1x
Sun, 22 Oct 2023CA$201.1bCA$40.4bCA$10.6b15.9x19x5x
Tue, 19 Sep 2023CA$218.2bCA$40.3bCA$10.6b17.9x20.6x5.4x
Thu, 17 Aug 2023CA$216.4bCA$40.3bCA$10.6b17.5x20.4x5.4x
Sat, 15 Jul 2023CA$216.1bCA$40.3bCA$10.4b11.9x20.8x5.4x
Mon, 12 Jun 2023CA$210.0bCA$40.4bCA$10.4b11.6x20.2x5.2x
Wed, 10 May 2023CA$221.9bCA$40.4bCA$10.3b15.7x21.5x5.5x
Fri, 07 Apr 2023CA$216.4bCA$39.9bCA$9.9b16.3x21.9x5.4x
Sun, 05 Mar 2023CA$224.0bCA$40.0bCA$9.9b17.2x22.7x5.6x
Tue, 31 Jan 2023CA$215.8bCA$40.0bCA$9.0b12.9x24x5.4x
Price to Earnings Ratio

24x


Total Market Cap: CA$215.8bTotal Earnings: CA$9.0bTotal Revenue: CA$40.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Transportation Industry Price to Earnings3Y Average 21.7x202420252026
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 21.7x.
  • The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 4.2x.
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 4.4% 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 Market1.16%
Industrials-1.11%
Transportation-1.59%
Trucking5.41%
Railroads-1.47%
Cargo Ground Transportation-3.08%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.0x.
    • 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 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
MTL Mullen GroupCA$16.770.6%
+CA$9.6m		12.3%PE16.8x
ARGH ArgoCA$0.395.4%
+CA$4.0m		200.0%PS50.4x

Latest News

MTL
CA$16.77
Mullen Group
7D
0.6%
1Y
12.3%
TFII
CA$149.68
TFI International
7D
-3.5%
1Y
-23.0%
CNR
CA$136.78
Canadian National Railway
7D
-1.8%
1Y
-9.7%

CNR: Share Repurchases Will Support Earnings Compounding And Future Upside Potential

Analysts have nudged their fair value estimate for Canadian National Railway slightly higher to $154.95 from $154.85, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What's in the News From July 1, 2025 to September 30, 2025, Canadian National Railway repurchased 7,700,000 shares for CAD 1,041m, representing 1.23% of its shares.
CP
CA$99.77
Canadian Pacific Kansas City
7D
-1.2%
1Y
-12.9%
ARGH
CA$0.39
Argo
7D
5.4%
1Y
200.0%