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Canadian (TSX) Packaging Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies7
  • 7D2.8%
  • 3M8.5%
  • 1Y23.1%
  • YTD4.2%

Over the last 7 days, the Packaging industry has risen 2.8%, driven by gains from CCL Industries of 5.2%. In the same time, Cascades was down 7.1%. In the last 12 months, the industry was up 23%. In the next few years, earnings are forecast to decline by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026CA$22.1bCA$17.2bCA$1.2b17.5x18.3x1.3x
Thu, 22 Jan 2026CA$21.2bCA$17.2bCA$1.2b16.6x17.5x1.2x
Sat, 20 Dec 2025CA$21.3bCA$17.2bCA$1.2b16.8x17.6x1.2x
Mon, 17 Nov 2025CA$21.2bCA$17.3bCA$1.2b16.8x17.4x1.2x
Wed, 15 Oct 2025CA$18.7bCA$17.1bCA$1.2b14.9x15.8x1.1x
Fri, 12 Sep 2025CA$19.5bCA$17.1bCA$1.2b15.3x16.6x1.1x
Sun, 10 Aug 2025CA$19.3bCA$17.0bCA$1.3b13.3x15.4x1.1x
Tue, 08 Jul 2025CA$19.9bCA$17.0bCA$1.3b11.5x15.6x1.2x
Thu, 05 Jun 2025CA$19.7bCA$17.0bCA$1.3b12.2x15.7x1.2x
Sat, 03 May 2025CA$18.1bCA$16.8bCA$1.2b10.2x14.8x1.1x
Mon, 31 Mar 2025CA$17.6bCA$16.9bCA$1.2b11.2x14.3x1x
Wed, 26 Feb 2025CA$18.6bCA$16.9bCA$1.2b12.3x15.7x1.1x
Fri, 24 Jan 2025CA$19.2bCA$16.7bCA$1.0b12.8x19.2x1.2x
Sun, 22 Dec 2024CA$19.2bCA$16.7bCA$1.0b12.6x19.2x1.2x
Tue, 19 Nov 2024CA$19.7bCA$16.7bCA$989.9m14.6x19.9x1.2x
Thu, 17 Oct 2024CA$20.7bCA$16.4bCA$985.9m15x20.9x1.3x
Sat, 14 Sep 2024CA$20.2bCA$16.4bCA$982.7m14.6x20.5x1.2x
Mon, 12 Aug 2024CA$18.8bCA$16.4bCA$959.0m14.8x19.6x1.1x
Wed, 10 Jul 2024CA$18.1bCA$16.2bCA$855.7m14x21.1x1.1x
Fri, 07 Jun 2024CA$18.1bCA$16.3bCA$862.6m14.9x21x1.1x
Sun, 05 May 2024CA$18.2bCA$16.2bCA$781.1m14.3x23.3x1.1x
Tue, 02 Apr 2024CA$17.7bCA$16.3bCA$787.4m13x22.5x1.1x
Thu, 29 Feb 2024CA$17.9bCA$16.3bCA$768.3m14.8x23.3x1.1x
Sat, 27 Jan 2024CA$18.7bCA$18.3bCA$893.9m14.6x20.9x1x
Mon, 25 Dec 2023CA$18.5bCA$18.3bCA$891.2m13.8x20.8x1x
Wed, 22 Nov 2023CA$18.0bCA$18.3bCA$919.6m10.4x19.6x1x
Fri, 20 Oct 2023CA$17.3bCA$18.3bCA$875.9m11x19.8x0.9x
Sun, 17 Sep 2023CA$18.0bCA$18.3bCA$873.5m10.8x20.6x1x
Tue, 15 Aug 2023CA$18.7bCA$18.3bCA$888.8m9.3x21.1x1x
Thu, 13 Jul 2023CA$19.5bCA$18.3bCA$872.6m10x22.3x1.1x
Sat, 10 Jun 2023CA$19.4bCA$18.3bCA$874.8m10.9x22.2x1.1x
Mon, 08 May 2023CA$19.7bCA$18.0bCA$926.3m10.2x21.2x1.1x
Wed, 05 Apr 2023CA$19.7bCA$18.0bCA$923.8m9.8x21.4x1.1x
Fri, 03 Mar 2023CA$19.6bCA$18.0bCA$916.5m15.4x21.3x1.1x
Price to Earnings Ratio

21.3x


Total Market Cap: CA$19.6bTotal Earnings: CA$916.5mTotal Revenue: CA$18.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Packaging Industry Price to Earnings3Y Average 19.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Packaging 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 19.3x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Packaging industry have grown 9.7% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

CA Market1.52%
Materials5.38%
Packaging2.84%
Metal and Glass Containers3.62%
Paper Packaging-6.45%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Metal and Glass Containers industry, which is trading close to its 3-year average of 17.2x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Metal and Glass Containers industry since they expect its earnings to decline by only 8.5% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 4.4% per year.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings decline by 8.5% 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
CCL.B CCL IndustriesCA$90.825.2%
+CA$776.1m		25.0%PE19.4x
IFX ImaflexCA$2.341.3%
+CA$1.6m		80.0%PE91.3x

Latest News

WPK
CA$50.27
Winpak
7D
-0.8%
1Y
16.1%
TCL.A
CA$23.47
Transcontinental
7D
-0.3%
1Y
34.2%

TCL.A: Long-Term Printing Contracts Will Support Future Capital Returns

Analysts have nudged their average price target for Transcontinental slightly higher to CA$27.67. This reflects updated assumptions around discount rates, revenue trends, profit margins and forward P/E that remain broadly in line with prior estimates.
RIC
CA$28.30
Richards Group
7D
-0.7%
1Y
-2.7%
CCL.B
CA$90.82
CCL Industries
7D
5.2%
1Y
25.0%

CCL.B: Recent Buyback And Higher Street Conviction Will Support Future Upside

The updated analyst price target for CCL Industries edges up to about C$98 from roughly C$97.80, as analysts factor in research that includes higher targets in the C$94 to C$103 range, along with modest tweaks to fair value, discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research on CCL Industries points to a mix of optimism and caution, with several firms revising their price targets in the C$94 to C$103 range and at least one downgrade balancing the tone.
CAS
CA$12.99
Cascades
7D
-7.1%
1Y
13.1%
NEXE
CA$0.12
NEXE Innovations
7D
-4.2%
1Y
-62.9%
IFX
CA$2.34
Imaflex
7D
1.3%
1Y
80.0%