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Canadian (TSX) Packaging Industry Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies6
  • 7D0.1%
  • 3M6.6%
  • 1Y8.1%
  • YTD-4.4%

Over the last 7 days, the Packaging industry has remained flat, although notably Cascades gained 5.1%. The past year has been better, since the industry has gained 8.0% in that time. Earnings are forecast to grow by 4.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026CA$20.3bCA$17.2bCA$1.3b13.8x16.1x1.2x
Tue, 23 Jun 2026CA$19.3bCA$17.2bCA$1.3b13x15.4x1.1x
Thu, 21 May 2026CA$19.0bCA$17.2bCA$1.3b12.7x15.1x1.1x
Sat, 18 Apr 2026CA$19.3bCA$17.2bCA$1.2b15.7x15.6x1.1x
Mon, 16 Mar 2026CA$21.1bCA$17.2bCA$1.2b14.2x16.9x1.2x
Wed, 11 Feb 2026CA$21.5bCA$17.2bCA$1.2b17.1x17.8x1.2x
Fri, 09 Jan 2026CA$21.4bCA$17.2bCA$1.2b17.1x17.7x1.2x
Sun, 07 Dec 2025CA$20.3bCA$17.2bCA$1.2b16x16.7x1.2x
Tue, 04 Nov 2025CA$19.3bCA$17.1bCA$1.2b15.5x16.5x1.1x
Thu, 02 Oct 2025CA$19.2bCA$17.1bCA$1.2b15.4x16.3x1.1x
Sat, 30 Aug 2025CA$19.9bCA$17.1bCA$1.2b15x16.9x1.2x
Mon, 28 Jul 2025CA$19.3bCA$17.0bCA$1.3b11.3x15.3x1.1x
Wed, 25 Jun 2025CA$19.6bCA$17.0bCA$1.3b11.4x15.4x1.2x
Fri, 23 May 2025CA$19.4bCA$17.0bCA$1.3b10.6x15.4x1.1x
Sun, 20 Apr 2025CA$17.4bCA$16.8bCA$1.2b9.7x14.3x1x
Tue, 18 Mar 2025CA$18.1bCA$16.9bCA$1.2b10.7x14.7x1.1x
Thu, 13 Feb 2025CA$18.2bCA$16.7bCA$1.0b12.2x18.2x1.1x
Sat, 11 Jan 2025CA$19.0bCA$16.7bCA$1.0b13.2x18.9x1.1x
Mon, 09 Dec 2024CA$20.0bCA$16.7bCA$992.1m13.8x20.2x1.2x
Wed, 06 Nov 2024CA$20.6bCA$16.5bCA$996.6m15.4x20.6x1.2x
Fri, 04 Oct 2024CA$20.1bCA$16.4bCA$983.1m14.9x20.5x1.2x
Sun, 01 Sep 2024CA$19.5bCA$16.4bCA$958.4m15.5x20.3x1.2x
Tue, 30 Jul 2024CA$19.2bCA$16.2bCA$857.3m15.1x22.4x1.2x
Thu, 27 Jun 2024CA$18.4bCA$16.2bCA$856.7m14.1x21.4x1.1x
Sat, 25 May 2024CA$18.1bCA$16.3bCA$861.6m14.3x21x1.1x
Mon, 22 Apr 2024CA$17.9bCA$16.3bCA$790.0m13x22.6x1.1x
Wed, 20 Mar 2024CA$18.0bCA$16.3bCA$787.3m13.1x22.9x1.1x
Fri, 16 Feb 2024CA$15.9bCA$16.2bCA$903.2m13.8x17.6x1x
Sun, 14 Jan 2024CA$18.6bCA$18.3bCA$893.3m14.6x20.8x1x
Tue, 12 Dec 2023CA$18.2bCA$18.3bCA$914.4m12.7x19.9x1x
Thu, 09 Nov 2023CA$17.2bCA$18.3bCA$879.4m11.4x19.6x0.9x
Sat, 07 Oct 2023CA$17.6bCA$18.3bCA$875.2m10.4x20.1x1x
Mon, 04 Sep 2023CA$18.7bCA$18.4bCA$887.8m11.2x21.1x1x
Wed, 02 Aug 2023CA$19.0bCA$18.3bCA$882.4m9.8x21.5x1x
Price to Earnings Ratio

21.5x


Total Market Cap: CA$19.0bTotal Earnings: CA$882.4mTotal Revenue: CA$18.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Packaging Industry Price to Earnings3Y Average 18.5x202420252026
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 15.8x which is lower than its 3-year average PE of 18.5x.
  • 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 13% 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 Market0.56%
Materials5.95%
Packaging0.10%
Paper Packaging5.08%
Metal and Glass Containers-0.23%
Industry PE
  • Investors are most optimistic about the Metal and Glass Containers industry, which is trading close to its 3-year average PE ratio of 16.8x.
    • Analysts are expecting annual earnings growth of 4.2%, which is higher than its past year's earnings decline of 4.4% per year.
  • Investors are most pessimistic about the Paper Packaging industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Metal and Glass Containers industry, expecting annual earnings growth of 4.2% over the next 5 years.
  • This is better than its past earnings decline of 4.4% per year.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 4.2% 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$13.135.1%
+CA$64.9m		42.1%PE13.1x
WPK WinpakCA$45.481.7%
+CA$44.6m		13.2%PE13.8x
RIC Richards GroupCA$29.903.9%
+CA$12.7m		-8.6%PE19.4x

Latest News

RIC
CA$29.90
Richards Group
7D
3.9%
1Y
-8.6%
WPK
CA$45.48
Winpak
7D
1.7%
1Y
13.2%
CCL.B
CA$90.70
CCL Industries
7D
-0.5%
1Y
15.7%
CAS
CA$13.13
Cascades
7D
5.1%
1Y
42.1%
TCL.A
CA$5.35
Transcontinental
7D
-3.3%
1Y
-73.2%
Narrative Update • Jul 01

TCL.A: Index Removals And Printing Deals Will Shape Future Upside Potential

Analysts have trimmed their average price target for Transcontinental to CA$8 from CA$9, citing updated assumptions around weaker revenue growth, a slightly lower fair value estimate, and modestly adjusted margin and P/E expectations. Analyst Commentary Recent research on Transcontinental reflects mixed views on upside potential, with several firms revising their price targets while maintaining generally constructive opinions on the stock's long term prospects.