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Canadian (TSX) Transportation Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies5
  • 7D1.7%
  • 3M2.9%
  • 1Y-7.6%
  • YTD-0.3%

Over the last 7 days, the Transportation industry has risen 1.7%, driven by gains from Canadian Pacific Kansas City of 5.7%. In contrast, the industry has lost 7.6% in the last 12 months. As for the next few years, earnings are expected to grow by 7.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026CA$186.6bCA$45.5bCA$9.4b19.9x19.9x4.1x
Fri, 02 Jan 2026CA$187.8bCA$45.4bCA$9.4b19.7x19.9x4.1x
Sun, 30 Nov 2025CA$184.9bCA$45.6bCA$9.4b19.6x19.6x4.1x
Tue, 28 Oct 2025CA$192.1bCA$45.7bCA$9.4b19.1x20.5x4.2x
Thu, 25 Sep 2025CA$185.7bCA$45.6bCA$9.4b19x19.8x4.1x
Sat, 23 Aug 2025CA$187.0bCA$45.6bCA$9.3b20x20x4.1x
Mon, 21 Jul 2025CA$196.3bCA$45.7bCA$9.0b19.1x21.9x4.3x
Wed, 18 Jun 2025CA$204.3bCA$45.6bCA$9.0b19.3x22.8x4.5x
Fri, 16 May 2025CA$211.2bCA$45.9bCA$9.0b20.4x23.5x4.6x
Sun, 13 Apr 2025CA$192.9bCA$45.2bCA$8.9b17.9x21.8x4.3x
Tue, 11 Mar 2025CA$206.6bCA$45.7bCA$8.9b18.3x23.2x4.5x
Thu, 06 Feb 2025CA$211.5bCA$45.4bCA$9.0b22.3x23.6x4.7x
Sat, 04 Jan 2025CA$208.7bCA$45.6bCA$9.8b20.6x21.4x4.6x
Mon, 02 Dec 2024CA$217.7bCA$45.2bCA$9.7b22.8x22.4x4.8x
Wed, 30 Oct 2024CA$215.5bCA$45.1bCA$9.7b21.1x22.2x4.8x
Fri, 27 Sep 2024CA$223.2bCA$44.0bCA$9.7b21.8x23.1x5.1x
Sun, 25 Aug 2024CA$221.9bCA$44.1bCA$9.7b22.5x22.9x5x
Tue, 23 Jul 2024CA$230.9bCA$42.9bCA$10.2b23.2x22.7x5.4x
Thu, 20 Jun 2024CA$216.7bCA$42.9bCA$10.2b21.1x21.3x5.1x
Sat, 18 May 2024CA$230.4bCA$42.8bCA$10.2b23.2x22.6x5.4x
Mon, 15 Apr 2024CA$243.1bCA$41.8bCA$10.4b20.1x23.4x5.8x
Wed, 13 Mar 2024CA$242.0bCA$41.6bCA$10.4b20x23.3x5.8x
Fri, 09 Feb 2024CA$235.9bCA$41.5bCA$10.4b19.7x22.6x5.7x
Sun, 07 Jan 2024CA$222.8bCA$40.2bCA$10.0b21.2x22.3x5.5x
Tue, 05 Dec 2023CA$213.2bCA$40.4bCA$10.0b19.8x21.4x5.3x
Thu, 02 Nov 2023CA$201.1bCA$40.6bCA$10.0b18.2x20.1x5x
Sat, 30 Sep 2023CA$206.7bCA$40.3bCA$10.6b17.3x19.5x5.1x
Mon, 28 Aug 2023CA$216.1bCA$40.4bCA$10.6b17.1x20.4x5.4x
Wed, 26 Jul 2023CA$220.0bCA$40.2bCA$10.4b13.4x21.2x5.5x
Fri, 23 Jun 2023CA$213.9bCA$40.2bCA$10.4b11.6x20.6x5.3x
Sun, 21 May 2023CA$225.5bCA$40.5bCA$10.4b15.9x21.8x5.6x
Tue, 18 Apr 2023CA$222.4bCA$39.8bCA$9.9b16.8x22.5x5.6x
Thu, 16 Mar 2023CA$220.2bCA$40.1bCA$9.9b16.6x22.2x5.5x
Sat, 11 Feb 2023CA$221.7bCA$39.7bCA$9.9b17.1x22.5x5.6x
Price to Earnings Ratio

22.5x


Total Market Cap: CA$221.7bTotal 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 4.1x.
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 Market-1.91%
Industrials-3.45%
Transportation1.69%
Cargo Ground Transportation8.55%
Railroads1.16%
Trucking-2.78%
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 6.9% 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$104.435.7%
+CA$4.7b		-5.3%PE22.6x
TFII TFI InternationalCA$161.059.4%
+CA$1.1b		-13.4%PE29.7x
MTL Mullen GroupCA$16.822.4%
+CA$38.3m		15.8%PE16.9x

Latest News

CP
CA$104.43
Canadian Pacific Kansas City
7D
5.7%
1Y
-5.3%
CNR
CA$131.64
Canadian National Railway
7D
-3.6%
1Y
-9.6%

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$16.82
Mullen Group
7D
2.4%
1Y
15.8%

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.
TFII
CA$161.05
TFI International
7D
9.4%
1Y
-13.4%

TFII: Freight Softness And Q4 Guidance Reset Will Likely Cap Near-Term Upside

Analysts have lifted their price targets on TFI International, and our fair value estimate now sits at about US$122.72. This reflects updated views on freight capacity tightening, regulatory-driven supply exits and the potential for improved margins into 2026.
ARGH
CA$0.35
Argo
7D
-2.8%
1Y
169.2%