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

Canadian (TSX) Transportation Industry Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies5
  • 7D0.03%
  • 3M13.1%
  • 1Y33.2%
  • YTD31.3%

Over the last 7 days, the Transportation industry has remained flat. The past year has been better, since the industry has gained 33% in that time. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026CA$246.5bCA$46.1bCA$9.4b27.4x26.3x5.3x
Wed, 24 Jun 2026CA$225.1bCA$45.6bCA$9.3b24.1x24.2x4.9x
Fri, 22 May 2026CA$219.8bCA$45.3bCA$9.3b24x23.7x4.9x
Sun, 19 Apr 2026CA$209.2bCA$45.3bCA$9.4b21.9x22.3x4.6x
Tue, 17 Mar 2026CA$201.5bCA$45.3bCA$9.4b21.4x21.5x4.4x
Thu, 12 Feb 2026CA$204.6bCA$45.4bCA$9.4b21.7x21.8x4.5x
Sat, 10 Jan 2026CA$189.2bCA$45.5bCA$9.4b19.7x20.1x4.2x
Mon, 08 Dec 2025CA$187.9bCA$45.5bCA$9.4b19.8x19.9x4.1x
Wed, 05 Nov 2025CA$183.8bCA$45.7bCA$9.4b19.5x19.5x4x
Fri, 03 Oct 2025CA$189.5bCA$45.7bCA$9.4b19.1x20.2x4.2x
Sun, 31 Aug 2025CA$191.1bCA$45.5bCA$9.3b19.8x20.5x4.2x
Tue, 29 Jul 2025CA$192.2bCA$45.7bCA$9.0b18.8x21.3x4.2x
Thu, 26 Jun 2025CA$201.0bCA$45.7bCA$9.0b19.2x22.4x4.4x
Sat, 24 May 2025CA$207.6bCA$45.7bCA$9.0b19.5x23.1x4.5x
Mon, 21 Apr 2025CA$192.8bCA$45.2bCA$8.9b17.4x21.7x4.3x
Wed, 19 Mar 2025CA$199.6bCA$45.6bCA$8.9b18.2x22.5x4.4x
Fri, 14 Feb 2025CA$212.7bCA$45.3bCA$8.9b21.9x23.8x4.7x
Sun, 12 Jan 2025CA$208.9bCA$45.6bCA$9.8b20.4x21.4x4.6x
Tue, 10 Dec 2024CA$214.2bCA$45.3bCA$9.8b22.4x21.9x4.7x
Thu, 07 Nov 2024CA$214.5bCA$45.2bCA$9.7b22.5x22.1x4.8x
Sat, 05 Oct 2024CA$218.0bCA$44.1bCA$9.7b21x22.5x4.9x
Mon, 02 Sep 2024CA$222.5bCA$44.0bCA$9.7b22.3x23x5.1x
Wed, 31 Jul 2024CA$225.5bCA$43.9bCA$10.1b22.8x22.3x5.1x
Fri, 28 Jun 2024CA$222.0bCA$42.9bCA$10.2b21.6x21.8x5.2x
Sun, 26 May 2024CA$228.8bCA$42.9bCA$10.2b23.2x22.4x5.3x
Tue, 23 Apr 2024CA$238.6bCA$41.8bCA$10.4b19.9x22.9x5.7x
Thu, 21 Mar 2024CA$242.2bCA$41.6bCA$10.4b20.2x23.3x5.8x
Sat, 17 Feb 2024CA$237.5bCA$41.6bCA$10.4b19.9x22.9x5.7x
Mon, 15 Jan 2024CA$222.4bCA$40.3bCA$10.0b21.9x22.3x5.5x
Wed, 13 Dec 2023CA$211.6bCA$40.4bCA$10.0b18.3x21.2x5.2x
Fri, 10 Nov 2023CA$207.7bCA$40.6bCA$10.0b17.8x20.8x5.1x
Sun, 08 Oct 2023CA$204.2bCA$40.4bCA$10.6b16.8x19.3x5.1x
Tue, 05 Sep 2023CA$220.2bCA$40.4bCA$10.6b18.5x20.8x5.5x
Thu, 03 Aug 2023CA$218.6bCA$40.2bCA$10.6b17.6x20.7x5.4x
Price to Earnings Ratio

20.7x


Total Market Cap: CA$218.6bTotal Earnings: CA$10.6bTotal Revenue: CA$40.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Transportation Industry Price to Earnings3Y Average 21.9x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Transportation industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.3x which is higher than its 3-year average PE of 21.9x.
  • The 3-year average PS ratio of 4.8x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Transportation industry have declined 3.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.7% 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 Market0.56%
Industrials-1.40%
Transportation0.034%
Trucking7.41%
Railroads0.13%
Cargo Ground Transportation-1.01%
Industry PE
  • Investors are most optimistic about the Cargo Ground Transportation industry which is trading above its 3-year average PE ratio of 22.1x.
    • Analysts are expecting annual earnings growth of 27.1%, which is higher than its past year's earnings decline of 9.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Cargo Ground Transportation industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 9.2% per year.
  • In contrast, the Railroads industry is expected to see its earnings grow by 7.0% 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
CNR Canadian National RailwayCA$182.911.1%
+CA$556.8m		39.2%PE23.1x
MTL Mullen GroupCA$28.7312.1%
+CA$300.0m		109.2%PE26.4x
ARGH ArgoCA$0.297.4%
+CA$5.5m		-58.6%PS17.2x

Latest News

CNR
CA$182.91
Canadian National Railway
7D
1.1%
1Y
39.2%
CP
CA$130.32
Canadian Pacific Kansas City
7D
-0.8%
1Y
23.6%
Narrative Update • Jul 25

CP: Record Grain Flows And New Alliances Will Shape Balanced Outlook

Analysts have adjusted their fair value estimate for Canadian Pacific Kansas City to CA$134.42 from CA$131.37, reflecting updated assumptions for revenue growth, profit margins, the discount rate and future P/E expectations. What’s in the News for Canadian Pacific Kansas City Reported June 2026 operating results, moving 2.8 million metric tonnes of Canadian grain and grain products for the month and more than 28.4 million metric tonnes through Week 48 of the 2025 to 2026 crop year.
MTL
CA$28.73
Mullen Group
7D
12.1%
1Y
109.2%
Narrative Update • Jul 24

MTL: Higher Earnings Conviction And Multiple Assumptions Will Shape Future Cash Flow Confidence

The analyst fair value estimate for Mullen Group has been raised from CA$21.50 to CA$29.00. This change reflects a series of higher Street price targets from CA$22 to CA$32 as analysts factor in updated assumptions for growth, profitability and valuation multiples.
TFII
CA$212.43
TFI International
7D
-2.8%
1Y
65.8%
Narrative Update • Jul 21

TFII: Tighter Truckload Capacity And Contract Rates Will Drive Earnings Recovery

Analysts have raised their CA$ price targets on TFI International and now see fair value at about CA$260.01, citing expectations for material earnings growth supported by tighter freight capacity, contract rate exposure, and Q2 guidance that several firms describe as achievable, with potential upside into 2027. Analyst Commentary Recent Street research on TFI International points to a cluster of higher price targets and ratings upgrades, with several firms highlighting tighter freight capacity, contract rate exposure, and Q2 guidance as key parts of the thesis.
ARGH
CA$0.29
Argo
7D
7.4%
1Y
-58.6%