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Canadian (TSX) Packaging Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies6
  • 7D3.6%
  • 3M-0.9%
  • 1Y1.3%
  • YTD-9.0%

In the last week, the Packaging industry is up 3.9%, with CCL Industries up 4.8%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 7.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jun 2026CA$19.3bCA$17.2bCA$1.3b12.8x15.4x1.1x
Wed, 20 May 2026CA$19.0bCA$17.2bCA$1.3b12.6x15.1x1.1x
Fri, 17 Apr 2026CA$19.6bCA$17.2bCA$1.2b15.3x15.8x1.1x
Sun, 15 Mar 2026CA$21.1bCA$17.2bCA$1.2b14.2x16.9x1.2x
Tue, 10 Feb 2026CA$21.4bCA$17.2bCA$1.2b16.9x17.8x1.2x
Thu, 08 Jan 2026CA$21.5bCA$17.2bCA$1.2b16.9x17.8x1.2x
Sat, 06 Dec 2025CA$20.5bCA$17.2bCA$1.2b16x16.9x1.2x
Mon, 03 Nov 2025CA$19.3bCA$17.1bCA$1.2b15.5x16.5x1.1x
Wed, 01 Oct 2025CA$19.2bCA$17.1bCA$1.2b15.6x16.3x1.1x
Fri, 29 Aug 2025CA$19.9bCA$17.1bCA$1.2b14.9x16.8x1.2x
Sun, 27 Jul 2025CA$19.3bCA$17.0bCA$1.3b11.3x15.3x1.1x
Tue, 24 Jun 2025CA$19.5bCA$17.0bCA$1.3b11.3x15.3x1.1x
Thu, 22 May 2025CA$19.5bCA$17.0bCA$1.3b10.6x15.5x1.1x
Sat, 19 Apr 2025CA$17.4bCA$16.8bCA$1.2b9.7x14.3x1x
Mon, 17 Mar 2025CA$18.1bCA$16.9bCA$1.2b11.3x14.7x1.1x
Wed, 12 Feb 2025CA$18.1bCA$16.7bCA$1.0b12.2x18.1x1.1x
Fri, 10 Jan 2025CA$18.9bCA$16.7bCA$1.0b13.2x18.9x1.1x
Sun, 08 Dec 2024CA$20.0bCA$16.7bCA$992.1m13.8x20.2x1.2x
Tue, 05 Nov 2024CA$20.7bCA$16.5bCA$997.5m15.2x20.8x1.3x
Thu, 03 Oct 2024CA$20.7bCA$16.4bCA$982.2m15.3x21.1x1.3x
Sat, 31 Aug 2024CA$19.4bCA$16.4bCA$958.4m15.5x20.2x1.2x
Mon, 29 Jul 2024CA$19.2bCA$16.2bCA$857.0m15.5x22.4x1.2x
Wed, 26 Jun 2024CA$18.4bCA$16.2bCA$856.1m14.3x21.4x1.1x
Fri, 24 May 2024CA$18.2bCA$16.3bCA$862.6m14.3x21.1x1.1x
Sun, 21 Apr 2024CA$17.9bCA$16.3bCA$790.0m13x22.6x1.1x
Tue, 19 Mar 2024CA$17.9bCA$16.3bCA$786.9m13.1x22.8x1.1x
Thu, 15 Feb 2024CA$15.8bCA$16.2bCA$904.3m13.5x17.4x1x
Sat, 13 Jan 2024CA$18.6bCA$18.3bCA$893.3m14.6x20.8x1x
Mon, 11 Dec 2023CA$18.1bCA$18.3bCA$914.6m12.7x19.8x1x
Wed, 08 Nov 2023CA$17.5bCA$18.3bCA$879.0m11.4x19.9x1x
Fri, 06 Oct 2023CA$17.5bCA$18.3bCA$875.8m10.4x20x1x
Sun, 03 Sep 2023CA$18.7bCA$18.4bCA$887.8m11.2x21.1x1x
Tue, 01 Aug 2023CA$19.1bCA$18.2bCA$881.0m9.6x21.6x1x
Thu, 29 Jun 2023CA$19.3bCA$18.3bCA$873.5m10.6x22.1x1.1x
Price to Earnings Ratio

22.1x


Total Market Cap: CA$19.3bTotal Earnings: CA$873.5mTotal Revenue: CA$18.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Packaging Industry Price to Earnings3Y Average 18.7x202420252026
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 15.4x which is lower than its 3-year average PE of 18.7x.
  • 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 Market-1.03%
Materials-3.29%
Packaging3.63%
Metal and Glass Containers3.85%
Paper Packaging0.18%
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 16.9x.
    • Analysts are expecting annual earnings growth of 7.5%, which is higher than its past year's earnings decline of 8.4% 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 7.5% over the next 5 years.
  • This is better than its past earnings decline of 8.4% per year.
  • In contrast, the Paper Packaging 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
CCL.B CCL IndustriesCA$87.964.8%
+CA$688.4m		12.9%PE18.8x
CAS CascadesCA$11.122.2%
+CA$24.3m		22.2%PE11.1x
WPK WinpakCA$41.230.8%
+CA$18.8m		-6.9%PE12.8x
RIC Richards GroupCA$28.301.0%
+CA$3.0m		-12.2%PE18.4x

Latest News

NEXE
CA$0.14
NEXE Innovations
7D
-3.3%
1Y
-29.3%
CCL.B
CA$87.96
CCL Industries
7D
4.8%
1Y
12.9%
Narrative Update • Jun 17

CCL.B: Buybacks And Higher Street Confidence Will Shape Future Upside Potential

Analysts have nudged their average price target for CCL Industries stock higher to CA$105, up from CA$103, citing a series of recent target increases from CA$100 to CA$110 as support for the revised view. Analyst Commentary Recent research on CCL Industries stock points to a cluster of higher price targets in the C$100 to C$110 range, offering a window into how analysts are weighing valuation against execution risks.
TCL.A
CA$4.96
Transcontinental
7D
-2.4%
1Y
-76.2%
Narrative Update • Jun 17

TCL.A: Print Deals And Platform Expansion Will Drive Future Returns

Analysts have trimmed their average price target for Transcontinental to about CA$7.17 from roughly CA$7.71, citing updated assumptions for fair value, discount rate, revenue trends, profit margins and future P/E multiples that align with the recent series of target cuts to CA$8, CA$7 and CA$6 from several firms. Analyst Commentary Recent research on Transcontinental highlights a mix of caution and ongoing support, with several firms revising price targets while maintaining constructive or neutral ratings on the stock.
RIC
CA$28.30
Richards Group
7D
1.0%
1Y
-12.2%
CAS
CA$11.12
Cascades
7D
2.2%
1Y
22.2%
WPK
CA$41.23
Winpak
7D
0.8%
1Y
-6.9%