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

Canadian (TSX) Packaging Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies6
  • 7D-2.6%
  • 3M-2.4%
  • 1Y16.8%
  • YTD-4.4%

Over the last 7 days, the Packaging industry has dropped 2.6%, driven by CCL Industries declining 3.2%. This takes the industry's 12 month performance to a gain of 17%. Looking forward, earnings are forecast to grow by 4.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026CA$20.6bCA$17.2bCA$1.2b15.5x16.6x1.2x
Mon, 16 Feb 2026CA$21.8bCA$17.2bCA$1.2b17.1x18x1.3x
Wed, 14 Jan 2026CA$21.6bCA$17.2bCA$1.2b16.8x17.9x1.3x
Fri, 12 Dec 2025CA$20.6bCA$17.2bCA$1.2b16.2x17x1.2x
Sun, 09 Nov 2025CA$19.5bCA$17.1bCA$1.2b16.2x16.3x1.1x
Tue, 07 Oct 2025CA$19.2bCA$17.1bCA$1.2b15.3x16.3x1.1x
Thu, 04 Sep 2025CA$19.7bCA$17.1bCA$1.2b14.6x16.7x1.2x
Sat, 02 Aug 2025CA$19.0bCA$17.0bCA$1.3b13.1x15.2x1.1x
Mon, 30 Jun 2025CA$19.7bCA$17.0bCA$1.3b11.8x15.5x1.2x
Wed, 28 May 2025CA$19.5bCA$17.0bCA$1.3b10.7x15.4x1.1x
Fri, 25 Apr 2025CA$17.5bCA$16.8bCA$1.2b10.3x14.3x1x
Sun, 23 Mar 2025CA$17.9bCA$16.9bCA$1.2b10.9x14.6x1.1x
Tue, 18 Feb 2025CA$18.2bCA$16.6bCA$998.6m12.5x18.2x1.1x
Thu, 16 Jan 2025CA$18.6bCA$16.7bCA$1.0b12.7x18.5x1.1x
Sat, 14 Dec 2024CA$19.5bCA$16.7bCA$999.4m12.7x19.6x1.2x
Mon, 11 Nov 2024CA$20.6bCA$16.5bCA$964.7m15.2x21.3x1.2x
Wed, 09 Oct 2024CA$20.0bCA$16.4bCA$984.4m14.8x20.3x1.2x
Fri, 06 Sep 2024CA$19.7bCA$16.4bCA$958.9m15.8x20.5x1.2x
Sun, 04 Aug 2024CA$18.7bCA$16.2bCA$858.3m15x21.8x1.2x
Tue, 02 Jul 2024CA$18.4bCA$16.2bCA$857.4m14.2x21.4x1.1x
Thu, 30 May 2024CA$17.9bCA$16.3bCA$862.2m14x20.8x1.1x
Sat, 27 Apr 2024CA$18.2bCA$16.2bCA$783.6m14.7x23.2x1.1x
Mon, 25 Mar 2024CA$18.1bCA$16.3bCA$787.9m13.2x22.9x1.1x
Wed, 21 Feb 2024CA$16.2bCA$16.2bCA$903.9m13.9x17.9x1x
Fri, 19 Jan 2024CA$18.4bCA$18.3bCA$894.6m14.3x20.5x1x
Sun, 17 Dec 2023CA$18.4bCA$18.3bCA$892.9m13.4x20.6x1x
Tue, 14 Nov 2023CA$17.6bCA$18.3bCA$920.7m10.4x19.1x1x
Thu, 12 Oct 2023CA$17.7bCA$18.3bCA$874.3m10.4x20.2x1x
Sat, 09 Sep 2023CA$18.3bCA$18.4bCA$888.3m11x20.6x1x
Mon, 07 Aug 2023CA$18.9bCA$18.3bCA$895.2m9.5x21.1x1x
Wed, 05 Jul 2023CA$19.4bCA$18.3bCA$873.1m10.5x22.3x1.1x
Fri, 02 Jun 2023CA$19.1bCA$18.3bCA$882.3m9.9x21.7x1x
Sun, 30 Apr 2023CA$19.6bCA$18.1bCA$931.2m10.2x21x1.1x
Tue, 28 Mar 2023CA$19.4bCA$18.0bCA$926.4m9.4x20.9x1.1x
Price to Earnings Ratio

20.9x


Total Market Cap: CA$19.4bTotal Earnings: CA$926.4mTotal Revenue: CA$18.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Packaging Industry Price to Earnings3Y Average 19.2x202420252026
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 16.6x which is lower than its 3-year average PE of 19.2x.
  • 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 10% 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-3.75%
Materials-13.72%
Packaging-2.65%
Metal and Glass Containers-2.47%
Paper Packaging-5.70%
Industry PE
  • Investors are most optimistic about the Paper Packaging industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 34.3% and investors are willing to pay a premium for that growth.
  • 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
  • Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 34% over the next 5 years.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 2.6% 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
TCL.A TranscontinentalCA$23.351.0%
+CA$20.1m		28.6%PE11.8x

Latest News

RIC
CA$27.94
Richards Group
7D
0.2%
1Y
1.5%
TCL.A
CA$23.35
Transcontinental
7D
1.0%
1Y
28.6%
WPK
CA$44.60
Winpak
7D
-1.2%
1Y
14.3%
CCL.B
CA$83.60
CCL Industries
7D
-3.2%
1Y
17.1%

CCL.B: Higher Price Assumptions And Dividend Support Will Shape Upside Potential

Analysts have inched their consolidated CCL Industries price target higher by about CA$0.10 to just under CA$101, reflecting small model tweaks to fair value, discount rate and forward P/E assumptions after recent target lifts from several Canadian banks alongside a downgrade from one firm. Analyst Commentary Recent research points to a mixed but generally constructive stance on CCL Industries, with several firms adjusting price targets and one downgrade tempering the tone.
CAS
CA$10.74
Cascades
7D
-5.7%
1Y
7.5%
NEXE
CA$0.11
NEXE Innovations
7D
-4.3%
1Y
-54.2%