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Canadian (TSX) Packaging Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies6
  • 7D0.9%
  • 3M-7.2%
  • 1Y16.9%
  • YTD-7.6%

The Packaging industry has been flat over the last week, but Cascades has lost 4.4%. As for the the longer term, the industry is up 17% over the past 12 months. Earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026CA$20.0bCA$17.2bCA$1.2b15.6x16.2x1.2x
Fri, 13 Mar 2026CA$21.0bCA$17.1bCA$1.2b14.3x16.9x1.2x
Sun, 08 Feb 2026CA$21.4bCA$17.2bCA$1.2b16.7x17.8x1.2x
Tue, 06 Jan 2026CA$21.4bCA$17.2bCA$1.2b17x17.7x1.2x
Thu, 04 Dec 2025CA$20.5bCA$17.3bCA$1.2b16.1x16.8x1.2x
Sat, 01 Nov 2025CA$19.3bCA$17.1bCA$1.2b14.3x16.4x1.1x
Mon, 29 Sep 2025CA$19.4bCA$17.1bCA$1.2b15.3x16.5x1.1x
Wed, 27 Aug 2025CA$19.9bCA$17.1bCA$1.2b13.2x16.8x1.2x
Fri, 25 Jul 2025CA$19.8bCA$17.0bCA$1.3b11.3x15.6x1.2x
Sun, 22 Jun 2025CA$19.3bCA$17.0bCA$1.3b11.2x15.1x1.1x
Tue, 20 May 2025CA$19.4bCA$17.0bCA$1.3b10.6x15.4x1.1x
Thu, 17 Apr 2025CA$17.3bCA$16.8bCA$1.2b9.7x14.2x1x
Sat, 15 Mar 2025CA$17.8bCA$16.9bCA$1.2b11.3x14.5x1.1x
Mon, 10 Feb 2025CA$18.1bCA$16.7bCA$1.0b12.4x18.1x1.1x
Wed, 08 Jan 2025CA$18.7bCA$16.7bCA$1.0b13.1x18.7x1.1x
Fri, 06 Dec 2024CA$20.3bCA$16.7bCA$990.3m13.8x20.5x1.2x
Sun, 03 Nov 2024CA$20.7bCA$16.5bCA$998.3m15.3x20.8x1.3x
Tue, 01 Oct 2024CA$20.4bCA$16.4bCA$981.8m15.5x20.8x1.2x
Thu, 29 Aug 2024CA$19.5bCA$16.4bCA$955.4m15.3x20.4x1.2x
Sat, 27 Jul 2024CA$19.0bCA$16.2bCA$857.0m15.5x22.2x1.2x
Mon, 24 Jun 2024CA$18.1bCA$16.2bCA$856.7m13.9x21.1x1.1x
Wed, 22 May 2024CA$18.4bCA$16.3bCA$861.4m14.7x21.3x1.1x
Fri, 19 Apr 2024CA$17.9bCA$16.3bCA$790.3m12.9x22.6x1.1x
Sun, 17 Mar 2024CA$18.0bCA$16.3bCA$787.0m13.1x22.9x1.1x
Tue, 13 Feb 2024CA$15.9bCA$16.2bCA$902.9m13.8x17.6x1x
Thu, 11 Jan 2024CA$18.2bCA$18.3bCA$892.9m14.3x20.3x1x
Sat, 09 Dec 2023CA$18.1bCA$18.3bCA$914.6m12.7x19.8x1x
Mon, 06 Nov 2023CA$17.5bCA$18.3bCA$877.6m11x19.9x1x
Wed, 04 Oct 2023CA$17.7bCA$18.3bCA$875.3m10.4x20.2x1x
Fri, 01 Sep 2023CA$18.6bCA$18.3bCA$886.5m11.2x21x1x
Sun, 30 Jul 2023CA$19.2bCA$18.2bCA$881.7m9.6x21.8x1.1x
Tue, 27 Jun 2023CA$18.9bCA$18.3bCA$872.2m10.3x21.6x1x
Thu, 25 May 2023CA$20.3bCA$18.3bCA$885.4m10.2x22.9x1.1x
Sat, 22 Apr 2023CA$19.7bCA$18.0bCA$923.8m10x21.3x1.1x
Price to Earnings Ratio

21.3x


Total Market Cap: CA$19.7bTotal Earnings: CA$923.8mTotal Revenue: CA$18.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Packaging Industry Price to Earnings3Y Average 19.1x202420252026
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 16.2x which is lower than its 3-year average PE of 19.1x.
  • 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 Market2.40%
Materials4.70%
Packaging0.92%
Metal and Glass Containers1.22%
Paper Packaging-4.04%
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 30.2% 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 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 30% over the next 5 years.
  • 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
CCL.B CCL IndustriesCA$88.202.3%
+CA$294.1m		29.3%PE19x
TCL.A TranscontinentalCA$5.755.5%
+CA$25.1m		-67.1%PE2.9x
RIC Richards GroupCA$29.407.7%
+CA$23.6m		6.3%PE20.2x
NEXE NEXE InnovationsCA$0.1946.2%
+CA$5.8m		-9.5%PS33.4x

Latest News

CCL.B
CA$88.20
CCL Industries
7D
2.3%
1Y
29.3%

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

Analyst price targets for CCL Industries have been revised modestly higher into a CA$98 to CA$102 range, as analysts highlight their updated views on the company that include both target increases and a recent downgrade in rating. Analyst Commentary Recent research updates give a mixed but generally constructive picture on CCL Industries, with several price targets now clustered in the CA$98 to CA$102 range alongside a rating downgrade that tempers the overall message.
CAS
CA$10.68
Cascades
7D
-2.0%
1Y
16.2%
TCL.A
CA$5.75
Transcontinental
7D
5.5%
1Y
-67.1%

TCL.A: Special Dividend Will Support Higher Future Returns Despite Lower P E Expectations

Analysts have cut their 12 month price target for Transcontinental from about CA$27.50 to roughly CA$7.85. They point to higher required returns, a lower assumed future P/E multiple and only modest improvements in profitability as key drivers of the reset.
WPK
CA$43.66
Winpak
7D
-0.8%
1Y
6.4%
RIC
CA$29.40
Richards Group
7D
7.7%
1Y
6.3%
NEXE
CA$0.19
NEXE Innovations
7D
46.2%
1Y
-9.5%