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Canadian (TSX) Packaging Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies6
  • 7D-1.9%
  • 3M-9.2%
  • 1Y13.1%
  • YTD-9.7%

Over the last 7 days, the Packaging industry has dropped 1.9%, driven by a pullback from CCL Industries of 1.8%. Over the past 12 months, the industry was up 13%. Looking forward, earnings are forecast to grow by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026CA$19.4bCA$17.2bCA$1.2b15.6x15.7x1.1x
Fri, 20 Mar 2026CA$20.7bCA$17.2bCA$1.2b15.7x16.8x1.2x
Sun, 15 Feb 2026CA$21.8bCA$17.2bCA$1.2b17.1x18x1.3x
Tue, 13 Jan 2026CA$21.6bCA$17.2bCA$1.2b17.1x17.9x1.3x
Thu, 11 Dec 2025CA$20.4bCA$17.2bCA$1.2b15.9x16.8x1.2x
Sat, 08 Nov 2025CA$19.3bCA$17.1bCA$1.2b16.2x16.1x1.1x
Mon, 06 Oct 2025CA$19.2bCA$17.1bCA$1.2b15.4x16.3x1.1x
Wed, 03 Sep 2025CA$20.0bCA$17.1bCA$1.2b14.9x16.9x1.2x
Fri, 01 Aug 2025CA$19.1bCA$17.0bCA$1.3b13x15.2x1.1x
Sun, 29 Jun 2025CA$19.7bCA$17.0bCA$1.3b11.8x15.5x1.2x
Tue, 27 May 2025CA$19.5bCA$17.0bCA$1.3b10.6x15.5x1.1x
Thu, 24 Apr 2025CA$17.4bCA$16.8bCA$1.2b9.4x14.3x1x
Sat, 22 Mar 2025CA$18.1bCA$16.9bCA$1.2b10.9x14.7x1.1x
Mon, 17 Feb 2025CA$18.2bCA$16.6bCA$998.6m12.5x18.2x1.1x
Wed, 15 Jan 2025CA$18.6bCA$16.7bCA$1.0b12.7x18.5x1.1x
Fri, 13 Dec 2024CA$19.6bCA$16.7bCA$999.4m13.2x19.6x1.2x
Sun, 10 Nov 2024CA$20.6bCA$16.5bCA$964.7m15.2x21.3x1.2x
Tue, 08 Oct 2024CA$20.1bCA$16.4bCA$984.1m14.9x20.4x1.2x
Thu, 05 Sep 2024CA$19.5bCA$16.4bCA$958.9m15.4x20.3x1.2x
Sat, 03 Aug 2024CA$19.1bCA$16.3bCA$857.4m15x22.3x1.2x
Mon, 01 Jul 2024CA$18.4bCA$16.2bCA$856.5m14.3x21.4x1.1x
Wed, 29 May 2024CA$18.1bCA$16.3bCA$861.3m14.1x21x1.1x
Fri, 26 Apr 2024CA$18.2bCA$16.2bCA$783.6m14.7x23.2x1.1x
Sun, 24 Mar 2024CA$18.1bCA$16.3bCA$787.9m13.2x22.9x1.1x
Tue, 20 Feb 2024CA$16.2bCA$16.2bCA$903.5m13.9x17.9x1x
Thu, 18 Jan 2024CA$18.2bCA$18.3bCA$894.8m14.1x20.3x1x
Sat, 16 Dec 2023CA$18.4bCA$18.3bCA$892.9m13.4x20.6x1x
Mon, 13 Nov 2023CA$17.0bCA$18.3bCA$920.6m10.5x18.5x0.9x
Wed, 11 Oct 2023CA$17.6bCA$18.3bCA$874.0m10.4x20.2x1x
Fri, 08 Sep 2023CA$18.3bCA$18.4bCA$888.9m11x20.6x1x
Sun, 06 Aug 2023CA$18.9bCA$18.3bCA$895.2m9.5x21.1x1x
Tue, 04 Jul 2023CA$19.5bCA$18.3bCA$873.4m10.8x22.4x1.1x
Thu, 01 Jun 2023CA$19.4bCA$18.3bCA$883.9m9.9x21.9x1.1x
Sat, 29 Apr 2023CA$19.6bCA$18.1bCA$931.2m10.2x21x1.1x
Price to Earnings Ratio

21x


Total Market Cap: CA$19.6bTotal Earnings: CA$931.2mTotal Revenue: CA$18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Packaging Industry Price to Earnings3Y Average 19x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Packaging industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.7x which is lower than its 3-year average PE of 19.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Packaging industry have grown 9.9% 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 Market-1.08%
Materials-5.95%
Packaging-1.85%
Paper Packaging1.06%
Metal and Glass Containers-2.03%
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 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Metal and Glass Containers industry, expecting annual earnings growth of 5.2% over the next 5 years.
  • This is better than its past earnings decline of 6.5% per year.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 5.2% 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
CAS CascadesCA$10.780.9%
+CA$10.1m		18.7%PE15.6x
NEXE NEXE InnovationsCA$0.207.9%
+CA$1.5m		-2.4%PS36.1x

Latest News

TCL.A
CA$5.28
Transcontinental
7D
-8.2%
1Y
-70.3%

TCL.A: Special Dividend And New CEO Will Support Future Returns

Analysts have trimmed their average 12 month price target on Transcontinental by CA$0.14 to CA$7.71, citing updated fair value estimates, a slightly higher discount rate, and a modestly lower future P/E assumption. Analyst Commentary Recent Street research has focused on resetting price targets for Transcontinental, with several firms cutting their 12 month views while keeping the discussion anchored on valuation assumptions and execution risks.
CCL.B
CA$86.60
CCL Industries
7D
-1.8%
1Y
26.2%
CAS
CA$10.78
Cascades
7D
0.9%
1Y
18.7%
WPK
CA$42.71
Winpak
7D
-2.2%
1Y
1.6%
RIC
CA$29.00
Richards Group
7D
-1.4%
1Y
4.0%
NEXE
CA$0.20
NEXE Innovations
7D
7.9%
1Y
-2.4%