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Canadian (TSX) Transportation Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies5
  • 7D3.3%
  • 3M13.6%
  • 1Y12.1%
  • YTD10.7%

Over the last 7 days, the Transportation industry has risen 2.8%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 12%. Earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026CA$209.0bCA$45.4bCA$9.4b22x22.3x4.6x
Thu, 12 Mar 2026CA$204.9bCA$45.2bCA$9.4b21.6x21.9x4.5x
Sat, 07 Feb 2026CA$196.3bCA$45.5bCA$9.4b20.9x20.9x4.3x
Mon, 05 Jan 2026CA$190.6bCA$45.4bCA$9.4b20x20.2x4.2x
Wed, 03 Dec 2025CA$184.9bCA$45.6bCA$9.4b19.6x19.6x4.1x
Fri, 31 Oct 2025CA$186.3bCA$45.8bCA$9.4b18.8x19.7x4.1x
Sun, 28 Sep 2025CA$186.3bCA$45.6bCA$9.4b18.9x19.9x4.1x
Tue, 26 Aug 2025CA$190.2bCA$45.6bCA$9.3b19.7x20.4x4.2x
Thu, 24 Jul 2025CA$195.9bCA$45.5bCA$9.0b18.8x21.7x4.3x
Sat, 21 Jun 2025CA$202.0bCA$45.7bCA$9.0b19.4x22.5x4.4x
Mon, 19 May 2025CA$212.8bCA$45.9bCA$9.0b20.3x23.7x4.6x
Wed, 16 Apr 2025CA$193.5bCA$45.3bCA$8.9b17.4x21.8x4.3x
Fri, 14 Mar 2025CA$198.0bCA$45.7bCA$8.9b17.9x22.3x4.3x
Sun, 09 Feb 2025CA$210.7bCA$45.4bCA$9.0b21.9x23.5x4.6x
Tue, 07 Jan 2025CA$210.5bCA$45.5bCA$9.8b20.8x21.5x4.6x
Thu, 05 Dec 2024CA$215.2bCA$45.3bCA$9.8b22.7x22.1x4.8x
Sat, 02 Nov 2024CA$211.9bCA$45.2bCA$9.7b20.6x21.8x4.7x
Mon, 30 Sep 2024CA$223.9bCA$44.1bCA$9.7b21.3x23.1x5.1x
Wed, 28 Aug 2024CA$222.8bCA$44.0bCA$9.7b22.4x23x5.1x
Fri, 26 Jul 2024CA$224.3bCA$43.2bCA$10.1b22.4x22.2x5.2x
Sun, 23 Jun 2024CA$219.1bCA$42.9bCA$10.2b21.1x21.5x5.1x
Tue, 21 May 2024CA$230.9bCA$42.8bCA$10.2b23.2x22.6x5.4x
Thu, 18 Apr 2024CA$237.6bCA$41.8bCA$10.4b19.9x22.9x5.7x
Sat, 16 Mar 2024CA$242.8bCA$41.6bCA$10.4b19.8x23.4x5.8x
Mon, 12 Feb 2024CA$235.4bCA$41.6bCA$10.4b19.7x22.6x5.7x
Wed, 10 Jan 2024CA$221.4bCA$40.2bCA$10.0b21.5x22.2x5.5x
Fri, 08 Dec 2023CA$211.9bCA$40.4bCA$10.0b18.6x21.2x5.2x
Sun, 05 Nov 2023CA$207.5bCA$40.4bCA$10.0b18.5x20.8x5.1x
Tue, 03 Oct 2023CA$206.4bCA$40.4bCA$10.6b17x19.5x5.1x
Thu, 31 Aug 2023CA$219.4bCA$40.3bCA$10.6b18.2x20.7x5.4x
Sat, 29 Jul 2023CA$221.3bCA$40.9bCA$10.8b13.9x20.6x5.4x
Mon, 26 Jun 2023CA$214.4bCA$40.2bCA$10.4b11.5x20.7x5.3x
Wed, 24 May 2023CA$217.6bCA$40.5bCA$10.4b15.6x21x5.4x
Fri, 21 Apr 2023CA$226.9bCA$39.8bCA$9.9b17x23x5.7x
Price to Earnings Ratio

23x


Total Market Cap: CA$226.9bTotal Earnings: CA$9.9bTotal Revenue: CA$39.8bTotal 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 4.5% 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 Market2.40%
Industrials1.25%
Transportation3.29%
Cargo Ground Transportation7.86%
Trucking5.88%
Railroads2.93%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 19.7x.
    • Analysts are expecting annual earnings growth of 18.4%, 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 5.9% 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
CNR Canadian National RailwayCA$152.894.6%
+CA$4.1b		10.0%PE19.8x
CP Canadian Pacific Kansas CityCA$112.201.4%
+CA$1.4b		9.3%PE24.3x
TFII TFI InternationalCA$171.388.2%
+CA$1.1b		55.8%PE32.9x
MTL Mullen GroupCA$18.335.5%
+CA$92.1m		48.5%PE19.3x
ARGH ArgoCA$0.365.9%
+CA$5.5m		0%PS63.3x

Latest News

MTL
CA$18.33
Mullen Group
7D
5.5%
1Y
48.5%

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$171.38
TFI International
7D
8.2%
1Y
55.8%

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$112.20
Canadian Pacific Kansas City
7D
1.4%
1Y
9.3%
ARGH
CA$0.36
Argo
7D
5.9%
1Y
0%
CNR
CA$152.89
Canadian National Railway
7D
4.6%
1Y
10.0%