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Canadian (TSX) Packaging Industry Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies7
  • 7D-2.8%
  • 3M11.9%
  • 1Y16.2%
  • YTD-1.8%

Over the last 7 days, the Packaging industry has dropped 2.8%, driven by CCL Industries declining 3.6%. In the past year, the industry has gained 16%. As for the next few years, earnings are expected to grow by 9.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026CA$21.2bCA$17.2bCA$1.2b16.6x17.5x1.2x
Tue, 16 Dec 2025CA$20.9bCA$17.2bCA$1.2b16.1x17.3x1.2x
Thu, 13 Nov 2025CA$20.0bCA$17.3bCA$1.2b17x16.5x1.2x
Sat, 11 Oct 2025CA$18.9bCA$17.1bCA$1.2b14.6x16x1.1x
Mon, 08 Sep 2025CA$19.7bCA$17.1bCA$1.2b14.6x16.7x1.2x
Wed, 06 Aug 2025CA$18.8bCA$17.0bCA$1.3b13.3x15x1.1x
Fri, 04 Jul 2025CA$20.0bCA$17.0bCA$1.3b11.5x15.7x1.2x
Sun, 01 Jun 2025CA$19.8bCA$17.0bCA$1.3b11.9x15.8x1.2x
Tue, 29 Apr 2025CA$17.8bCA$16.8bCA$1.2b10.4x14.6x1.1x
Thu, 27 Mar 2025CA$18.0bCA$16.9bCA$1.2b10.8x14.7x1.1x
Sat, 22 Feb 2025CA$18.6bCA$16.9bCA$1.2b12.8x15.7x1.1x
Mon, 20 Jan 2025CA$18.6bCA$16.7bCA$1.0b12.7x18.6x1.1x
Wed, 18 Dec 2024CA$19.4bCA$16.7bCA$1.0b12.7x19.4x1.2x
Fri, 15 Nov 2024CA$20.7bCA$16.7bCA$989.5m15x20.9x1.2x
Sun, 13 Oct 2024CA$20.4bCA$16.4bCA$986.0m14.9x20.7x1.2x
Tue, 10 Sep 2024CA$20.1bCA$16.4bCA$959.6m15.2x21x1.2x
Thu, 08 Aug 2024CA$18.3bCA$16.2bCA$856.7m14.5x21.4x1.1x
Sat, 06 Jul 2024CA$18.2bCA$16.2bCA$855.7m14x21.2x1.1x
Mon, 03 Jun 2024CA$18.0bCA$16.3bCA$862.0m14.3x20.9x1.1x
Wed, 01 May 2024CA$17.9bCA$16.3bCA$783.6m14x22.9x1.1x
Fri, 29 Mar 2024CA$17.8bCA$16.3bCA$787.0m13.1x22.6x1.1x
Sun, 25 Feb 2024CA$17.8bCA$16.3bCA$767.3m14.4x23.3x1.1x
Tue, 23 Jan 2024CA$18.4bCA$18.3bCA$894.4m14.3x20.6x1x
Thu, 21 Dec 2023CA$18.6bCA$18.3bCA$892.8m13.6x20.8x1x
Sat, 18 Nov 2023CA$18.0bCA$18.3bCA$919.4m11.1x19.6x1x
Mon, 16 Oct 2023CA$17.4bCA$18.3bCA$875.1m10.4x19.9x1x
Wed, 13 Sep 2023CA$18.2bCA$18.3bCA$874.0m10.8x20.8x1x
Fri, 11 Aug 2023CA$19.0bCA$18.3bCA$888.5m9.3x21.3x1x
Sun, 09 Jul 2023CA$19.4bCA$18.3bCA$873.9m10.4x22.2x1.1x
Tue, 06 Jun 2023CA$19.3bCA$18.3bCA$882.1m10x21.9x1.1x
Thu, 04 May 2023CA$19.8bCA$18.1bCA$932.9m10.2x21.2x1.1x
Sat, 01 Apr 2023CA$20.0bCA$18.0bCA$924.6m9.8x21.6x1.1x
Mon, 27 Feb 2023CA$19.6bCA$18.0bCA$915.0m15.8x21.4x1.1x
Wed, 25 Jan 2023CA$18.8bCA$17.8bCA$838.2m16.1x22.4x1.1x
Price to Earnings Ratio

22.4x


Total Market Cap: CA$18.8bTotal Earnings: CA$838.2mTotal Revenue: CA$17.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Packaging Industry Price to Earnings3Y Average 19.4x202420252026
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 19.4x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.2x.
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 Market1.66%
Materials4.41%
Packaging-2.80%
Paper Packaging1.49%
Metal and Glass Containers-3.11%
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 133.5%, 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 17.3x.
Forecasted Growth
  • Analysts are most optimistic on the Paper Packaging industry, expecting annual earnings growth of 133% 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 growth to stay flat 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$13.291.6%
+CA$21.3m		4.6%PE67.3x
NEXE NEXE InnovationsCA$0.134.2%
+CA$486.5k		-65.3%PS28.6x

Latest News

CAS
CA$13.29
Cascades
7D
1.6%
1Y
4.6%
CCL.B
CA$85.42
CCL Industries
7D
-3.6%
1Y
19.6%

CCL.B: Higher Street Conviction And Completed Buyback Will Shape Steady Share Outlook

Analysts have lifted their average price target on CCL Industries to about C$99, up from around C$93. This reflects a series of recent target increases across the Street, while key model inputs such as fair value and growth assumptions remain broadly unchanged.
TCL.A
CA$22.83
Transcontinental
7D
-0.8%
1Y
30.0%

TCL.A: Long-Term Printing Deals Will Support Future M&A Upside

Analysts have slightly adjusted their price expectations for Transcontinental. The updated target is now aligned to a fair value of about $27.14 per share, reflecting modest tweaks to discount rate, revenue growth and profit margin assumptions, without a change to the core valuation view.
WPK
CA$44.90
Winpak
7D
-1.9%
1Y
1.0%
RIC
CA$29.35
Richards Group
7D
-3.0%
1Y
-3.1%
NEXE
CA$0.13
NEXE Innovations
7D
4.2%
1Y
-65.3%