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Canadian (TSX) Transportation Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies5
  • 7D-0.06%
  • 3M14.5%
  • 1Y13.9%
  • YTD10.7%

Over the last 7 days, the Transportation industry has remained flat, although notably TFI International gained 8.3%. As for the the longer term, the industry is up 14% over the past 12 months. Looking forward, earnings are forecast to grow by 7.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026CA$209.2bCA$45.3bCA$9.4b21.9x22.3x4.6x
Thu, 19 Mar 2026CA$197.6bCA$45.3bCA$9.4b20.8x21.1x4.4x
Sat, 14 Feb 2026CA$206.0bCA$45.5bCA$9.4b21.9x21.9x4.5x
Mon, 12 Jan 2026CA$188.8bCA$45.5bCA$9.4b19.7x20x4.1x
Wed, 10 Dec 2025CA$187.2bCA$45.5bCA$9.4b19.7x19.9x4.1x
Fri, 07 Nov 2025CA$184.4bCA$45.7bCA$9.4b19.2x19.5x4x
Sun, 05 Oct 2025CA$195.1bCA$45.7bCA$9.4b19.5x20.8x4.3x
Tue, 02 Sep 2025CA$191.1bCA$45.5bCA$9.3b19.8x20.5x4.2x
Thu, 31 Jul 2025CA$191.5bCA$45.5bCA$9.0b18.8x21.3x4.2x
Sat, 28 Jun 2025CA$200.8bCA$45.7bCA$9.0b19.7x22.4x4.4x
Mon, 26 May 2025CA$204.1bCA$45.7bCA$9.0b19.5x22.7x4.5x
Wed, 23 Apr 2025CA$190.3bCA$45.2bCA$8.9b17.4x21.5x4.2x
Fri, 21 Mar 2025CA$198.3bCA$45.6bCA$8.9b18.2x22.3x4.3x
Sun, 16 Feb 2025CA$209.6bCA$45.3bCA$8.9b21.8x23.4x4.6x
Tue, 14 Jan 2025CA$208.9bCA$45.5bCA$9.8b20.4x21.4x4.6x
Thu, 12 Dec 2024CA$214.6bCA$45.3bCA$9.8b22.5x22x4.7x
Sat, 09 Nov 2024CA$219.5bCA$45.1bCA$9.7b22.3x22.6x4.9x
Mon, 07 Oct 2024CA$218.2bCA$44.1bCA$9.7b21x22.5x4.9x
Wed, 04 Sep 2024CA$222.5bCA$44.1bCA$9.7b22.2x23x5x
Fri, 02 Aug 2024CA$228.2bCA$44.4bCA$9.7b22.6x23.5x5.1x
Sun, 30 Jun 2024CA$221.1bCA$42.9bCA$10.2b21.9x21.7x5.2x
Tue, 28 May 2024CA$228.8bCA$42.8bCA$10.2b23.4x22.4x5.3x
Thu, 25 Apr 2024CA$242.5bCA$42.9bCA$10.3b19.4x23.7x5.7x
Sat, 23 Mar 2024CA$247.9bCA$41.6bCA$10.4b20.4x23.9x6x
Mon, 19 Feb 2024CA$237.5bCA$41.6bCA$10.4b19.9x22.9x5.7x
Wed, 17 Jan 2024CA$222.2bCA$40.3bCA$10.0b21.7x22.3x5.5x
Fri, 15 Dec 2023CA$213.2bCA$40.3bCA$10.0b19.1x21.4x5.3x
Sun, 12 Nov 2023CA$206.7bCA$40.5bCA$10.0b18.1x20.7x5.1x
Tue, 10 Oct 2023CA$204.2bCA$40.4bCA$10.6b16.8x19.3x5.1x
Thu, 07 Sep 2023CA$214.4bCA$40.4bCA$10.6b18.1x20.2x5.3x
Sat, 05 Aug 2023CA$220.3bCA$40.2bCA$10.6b17.6x20.8x5.5x
Mon, 03 Jul 2023CA$220.1bCA$40.3bCA$10.4b12.4x21.2x5.5x
Wed, 31 May 2023CA$215.4bCA$40.6bCA$10.4b15.5x20.8x5.3x
Fri, 28 Apr 2023CA$218.6bCA$40.5bCA$10.3b15.4x21.1x5.4x
Price to Earnings Ratio

21.1x


Total Market Cap: CA$218.6bTotal Earnings: CA$10.3bTotal Revenue: CA$40.5bTotal 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 declined 2.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.7% 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, which has decreased profits.

Industry Trends

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

CA Market1.15%
Industrials1.41%
Transportation-0.063%
Cargo Ground Transportation7.23%
Railroads-0.64%
Trucking-5.56%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.8x.
    • Analysts are expecting annual earnings growth of 18.1%, 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 6.0% 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
TFII TFI InternationalCA$185.528.3%
+CA$1.2b		74.4%PE36x

Latest News

CNR
CA$151.82
Canadian National Railway
7D
-0.7%
1Y
11.2%

CNR: Shareholder Returns And Infrastructure Stability Will Support Future Earnings Compounding

Analysts have inched their price target on Canadian National Railway lower by about CA$0.30 to CA$154.75, citing slightly more conservative assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts focus on Canadian National Railway's ability to support their fair value work with detailed assumptions on revenue, margin profile, and P/E.
MTL
CA$18.20
Mullen Group
7D
-0.7%
1Y
45.1%

MTL: Margin Execution And Buybacks Will Support Future Cash Flow Confidence

Analysts have increased their price target on Mullen Group by CA$0.75, citing higher assumed profit margins and a lower future P/E estimate as key elements in the latest research updates. Analyst Commentary Bullish Takeaways Bullish analysts see the higher assumed profit margins as support for a higher justified valuation, which feeds directly into the CA$0.75 and CA$2.50 target moves.
TFII
CA$185.52
TFI International
7D
8.3%
1Y
74.4%

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.
CP
CA$111.54
Canadian Pacific Kansas City
7D
-0.6%
1Y
10.2%
ARGH
CA$0.34
Argo
7D
-5.6%
1Y
-10.5%