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Canadian (TSX) Transportation Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies5
  • 7D1.8%
  • 3M17.1%
  • 1Y6.4%
  • YTD13.8%

In the last week, the Transportation industry is up 1.8%, with all of the companies up. In the last 12 months, the industry was up 6.4%. Earnings are forecast to grow by 7.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026CA$216.0bCA$45.3bCA$9.4b22.9x23.1x4.8x
Wed, 28 Jan 2026CA$187.8bCA$45.3bCA$9.4b19.5x19.9x4.1x
Fri, 26 Dec 2025CA$188.3bCA$45.3bCA$9.4b19.8x20x4.2x
Sun, 23 Nov 2025CA$180.8bCA$45.7bCA$9.4b19.2x19.2x4x
Tue, 21 Oct 2025CA$194.6bCA$45.7bCA$9.4b20x20.8x4.3x
Thu, 18 Sep 2025CA$190.3bCA$45.5bCA$9.4b19.5x20.3x4.2x
Sat, 16 Aug 2025CA$185.2bCA$45.5bCA$9.3b19x19.8x4.1x
Mon, 14 Jul 2025CA$206.0bCA$45.7bCA$9.0b19.8x22.9x4.5x
Wed, 11 Jun 2025CA$205.4bCA$45.7bCA$9.0b20.1x22.9x4.5x
Fri, 09 May 2025CA$192.4bCA$45.9bCA$9.0b18.8x21.4x4.2x
Sun, 06 Apr 2025CA$190.0bCA$45.5bCA$8.9b17.6x21.4x4.2x
Tue, 04 Mar 2025CA$209.5bCA$45.8bCA$8.9b18.7x23.6x4.6x
Thu, 30 Jan 2025CA$219.7bCA$45.6bCA$9.8b21.2x22.5x4.8x
Sat, 28 Dec 2024CA$210.2bCA$45.5bCA$9.8b20.9x21.5x4.6x
Mon, 25 Nov 2024CA$216.8bCA$45.2bCA$9.7b22.4x22.3x4.8x
Wed, 23 Oct 2024CA$216.6bCA$44.7bCA$9.7b21.2x22.4x4.8x
Fri, 20 Sep 2024CA$227.9bCA$44.1bCA$9.7b22.7x23.5x5.2x
Sun, 18 Aug 2024CA$216.5bCA$44.2bCA$9.7b22x22.4x4.9x
Tue, 16 Jul 2024CA$228.1bCA$42.8bCA$10.2b23.1x22.4x5.3x
Thu, 13 Jun 2024CA$223.5bCA$42.9bCA$10.2b22x22x5.2x
Sat, 11 May 2024CA$233.1bCA$42.9bCA$10.2b24x22.8x5.4x
Mon, 08 Apr 2024CA$243.4bCA$41.6bCA$10.4b20.1x23.4x5.8x
Wed, 06 Mar 2024CA$240.3bCA$41.6bCA$10.4b20.1x23.1x5.8x
Fri, 02 Feb 2024CA$228.8bCA$41.5bCA$10.4b19.4x21.9x5.5x
Sun, 31 Dec 2023CA$221.8bCA$40.1bCA$10.0b21.9x22.3x5.5x
Tue, 28 Nov 2023CA$207.9bCA$40.4bCA$10.0b19x20.8x5.1x
Thu, 26 Oct 2023CA$199.1bCA$39.5bCA$10.1b17.7x19.7x5x
Sat, 23 Sep 2023CA$209.4bCA$40.3bCA$10.6b17.6x19.8x5.2x
Mon, 21 Aug 2023CA$216.7bCA$40.3bCA$10.6b17.5x20.5x5.4x
Wed, 19 Jul 2023CA$215.1bCA$40.2bCA$10.4b12.7x20.8x5.4x
Fri, 16 Jun 2023CA$213.6bCA$40.3bCA$10.4b11.7x20.6x5.3x
Sun, 14 May 2023CA$226.1bCA$40.5bCA$10.4b15.9x21.8x5.6x
Tue, 11 Apr 2023CA$216.3bCA$39.9bCA$9.9b16.4x21.9x5.4x
Thu, 09 Mar 2023CA$221.6bCA$40.1bCA$9.9b17.2x22.4x5.5x
Price to Earnings Ratio

22.4x


Total Market Cap: CA$221.6bTotal Earnings: CA$9.9bTotal Revenue: CA$40.1bTotal 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% 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 Market1.82%
Industrials2.71%
Transportation1.79%
Railroads1.95%
Cargo Ground Transportation-0.23%
Trucking-2.63%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.3x.
    • Analysts are expecting annual earnings growth of 16.9%, 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
CP Canadian Pacific Kansas CityCA$119.442.8%
+CA$3.0b		8.6%PE25.9x
CNR Canadian National RailwayCA$153.071.5%
+CA$1.4b		7.4%PE19.8x
TFII TFI InternationalCA$162.973.4%
+CA$441.2m		30.4%PE31.6x
MTL Mullen GroupCA$17.251.6%
+CA$25.9m		32.5%PE18.1x
ARGH ArgoCA$0.372.8%
+CA$2.6m		111.4%PS62.1x

Latest News

CP
CA$119.44
Canadian Pacific Kansas City
7D
2.8%
1Y
8.6%
MTL
CA$17.25
Mullen Group
7D
1.6%
1Y
32.5%

MTL: Dividend Status And Steady Guidance Will Support Higher Future P/E

Analysts have inched their fair value estimate for Mullen Group slightly higher to CA$18.73, supported by recent Street price target increases to CA$17 at CIBC and a further CA$2.50 uplift at another firm, while also adjusting assumptions for the discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Recent target price changes around CA$17 to CA$18.73 give you a window into how the Street is thinking about Mullen Group today, especially around execution, growth expectations and the level of risk that should be priced into the shares.
TFII
CA$162.97
TFI International
7D
3.4%
1Y
30.4%
CNR
CA$153.07
Canadian National Railway
7D
1.5%
1Y
7.4%
ARGH
CA$0.37
Argo
7D
2.8%
1Y
111.4%