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Canadian (TSX) Packaging Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies7
  • 7D3.2%
  • 3M11.5%
  • 1Y25.3%
  • YTD6.3%

In the last week, the Packaging industry is up 3.2%, with CCL Industries up 4.5%. This means that the industry has gained 25% over the past year. As for the next few years, earnings are expected to grow by 5.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026CA$22.8bCA$17.3bCA$1.2b17.8x19x1.3x
Wed, 28 Jan 2026CA$21.4bCA$17.2bCA$1.2b16.4x17.7x1.2x
Fri, 26 Dec 2025CA$21.3bCA$17.2bCA$1.2b17x17.6x1.2x
Sun, 23 Nov 2025CA$20.5bCA$17.3bCA$1.2b15.8x16.8x1.2x
Tue, 21 Oct 2025CA$19.1bCA$17.1bCA$1.2b14.7x16.2x1.1x
Thu, 18 Sep 2025CA$19.6bCA$17.1bCA$1.2b14.7x16.7x1.2x
Sat, 16 Aug 2025CA$19.5bCA$17.1bCA$1.2b13.1x16.5x1.1x
Mon, 14 Jul 2025CA$19.8bCA$17.0bCA$1.3b11.6x15.6x1.2x
Wed, 11 Jun 2025CA$19.6bCA$17.0bCA$1.3b10.9x15.4x1.2x
Fri, 09 May 2025CA$18.2bCA$16.8bCA$1.2b10.3x15x1.1x
Sun, 06 Apr 2025CA$17.1bCA$16.8bCA$1.2b10.4x13.9x1x
Tue, 04 Mar 2025CA$18.6bCA$16.9bCA$1.2b11.4x15.6x1.1x
Thu, 30 Jan 2025CA$19.1bCA$16.7bCA$1.0b12.8x19x1.1x
Sat, 28 Dec 2024CA$19.5bCA$16.7bCA$1.0b12.8x19.4x1.2x
Mon, 25 Nov 2024CA$19.9bCA$16.6bCA$988.2m15.1x20.2x1.2x
Wed, 23 Oct 2024CA$20.6bCA$16.5bCA$986.9m14.7x20.9x1.3x
Fri, 20 Sep 2024CA$20.1bCA$16.4bCA$982.2m14.8x20.5x1.2x
Sun, 18 Aug 2024CA$19.7bCA$16.4bCA$958.4m15.3x20.5x1.2x
Tue, 16 Jul 2024CA$18.4bCA$16.2bCA$856.4m14.1x21.5x1.1x
Thu, 13 Jun 2024CA$18.5bCA$16.2bCA$857.1m14.7x21.6x1.1x
Sat, 11 May 2024CA$18.3bCA$16.3bCA$861.7m14.7x21.2x1.1x
Mon, 08 Apr 2024CA$17.6bCA$16.3bCA$787.6m12.9x22.4x1.1x
Wed, 06 Mar 2024CA$17.6bCA$16.3bCA$773.5m14.5x22.7x1.1x
Fri, 02 Feb 2024CA$18.5bCA$18.3bCA$891.8m14.2x20.8x1x
Sun, 31 Dec 2023CA$18.6bCA$18.3bCA$891.0m13.9x20.8x1x
Tue, 28 Nov 2023CA$17.8bCA$18.3bCA$918.0m10.1x19.4x1x
Thu, 26 Oct 2023CA$17.2bCA$18.3bCA$877.0m11x19.6x0.9x
Sat, 23 Sep 2023CA$17.9bCA$18.3bCA$872.9m10x20.5x1x
Mon, 21 Aug 2023CA$18.5bCA$18.4bCA$890.0m9.4x20.8x1x
Wed, 19 Jul 2023CA$19.7bCA$18.3bCA$872.4m10x22.6x1.1x
Fri, 16 Jun 2023CA$19.3bCA$18.3bCA$873.1m10.9x22.1x1.1x
Sun, 14 May 2023CA$20.3bCA$18.3bCA$884.8m10.4x23x1.1x
Tue, 11 Apr 2023CA$20.2bCA$18.0bCA$924.5m9.9x21.9x1.1x
Thu, 09 Mar 2023CA$19.6bCA$18.0bCA$945.6m9.7x20.7x1.1x
Price to Earnings Ratio

20.7x


Total Market Cap: CA$19.6bTotal Earnings: CA$945.6mTotal 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 8.2% 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 Market1.82%
Materials8.55%
Packaging3.24%
Metal and Glass Containers4.45%
Paper Packaging-12.86%
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 56.7%, which is higher than its past year's earnings decline of 76.7% per year.
  • 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 57% over the next 5 years.
  • This is better than its past earnings decline of 77% per year.
  • In contrast, the Metal and Glass Containers industry is expected to see its earnings grow by 2.3% 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$94.884.5%
+CA$703.4m		29.0%PE20.5x
RIC Richards GroupCA$28.651.2%
+CA$4.0m		-2.3%PE14.6x
NEXE NEXE InnovationsCA$0.124.3%
+CA$486.5k		-60.0%PS21.1x

Latest News

CCL.B
CA$94.88
CCL Industries
7D
4.5%
1Y
29.0%

CCL.B: Refreshed Outlook And Completed Buyback Will Shape Balanced Return Potential

Narrative update Analysts have lifted their blended price target on CCL Industries to CA$100.80 from CA$97.91, citing refreshed models that incorporate updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E, alongside recent target increases from CIBC, Scotiabank and RBC Capital. Analyst Commentary Recent research updates on CCL Industries point to a cluster of higher price targets, but with different levels of conviction on how much upside is left and how execution risk should be viewed.
WPK
CA$48.18
Winpak
7D
-4.2%
1Y
20.6%
CAS
CA$12.03
Cascades
7D
-7.4%
1Y
10.8%
TCL.A
CA$23.26
Transcontinental
7D
-0.9%
1Y
35.6%

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$28.65
Richards Group
7D
1.2%
1Y
-2.3%
NEXE
CA$0.12
NEXE Innovations
7D
4.3%
1Y
-60.0%