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Canadian (TSX) Industrials Sector Analysis

UpdatedMay 09, 2024
DataAggregated Company Financials
Companies124
  • 7D5.1%
  • 3M2.0%
  • 1Y12.0%
  • YTD8.2%

The Industrials industry is up 5.1% in the last week, with Thomson Reuters up 10%. Meanwhile, Air Canada actually underperformed within the industry, shrinking 9.7% in the last week. In the last 12 months, the industry was up 12%. Earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the Canadian Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024CA$478.1bCA$166.7bCA$17.4b20.2x27.5x2.9x
Sat, 06 Apr 2024CA$479.1bCA$164.9bCA$17.9b20.4x26.8x2.9x
Mon, 04 Mar 2024CA$483.9bCA$164.5bCA$17.7b20.1x27.3x2.9x
Wed, 31 Jan 2024CA$459.3bCA$164.7bCA$16.8b20.2x27.3x2.8x
Fri, 29 Dec 2023CA$450.3bCA$164.4bCA$16.1b19.2x28x2.7x
Sun, 26 Nov 2023CA$420.5bCA$163.5bCA$15.7b17.9x26.7x2.6x
Tue, 24 Oct 2023CA$397.4bCA$161.1bCA$15.8b16.7x25.1x2.5x
Thu, 21 Sep 2023CA$424.4bCA$160.6bCA$15.8b17.6x26.9x2.6x
Sat, 19 Aug 2023CA$423.4bCA$160.8bCA$15.8b16x26.8x2.6x
Mon, 17 Jul 2023CA$421.9bCA$156.9bCA$13.8b19x30.7x2.7x
Wed, 14 Jun 2023CA$414.8bCA$157.2bCA$13.8b18.8x30.1x2.6x
Fri, 12 May 2023CA$425.3bCA$157.3bCA$13.8b18.9x30.8x2.7x
Sun, 09 Apr 2023CA$418.5bCA$153.8bCA$13.9b19x30.2x2.7x
Tue, 07 Mar 2023CA$422.0bCA$152.5bCA$14.2b19x29.6x2.8x
Thu, 02 Feb 2023CA$412.9bCA$149.8bCA$13.6b17.1x30.3x2.8x
Sat, 31 Dec 2022CA$399.6bCA$149.3bCA$12.7b16.7x31.4x2.7x
Mon, 28 Nov 2022CA$414.5bCA$148.8bCA$12.7b17x32.6x2.8x
Wed, 26 Oct 2022CA$385.2bCA$143.8bCA$11.6b14.7x33.3x2.7x
Fri, 23 Sep 2022CA$377.9bCA$143.3bCA$11.6b15.4x32.6x2.6x
Sun, 21 Aug 2022CA$407.6bCA$142.1bCA$11.5b15.4x35.3x2.9x
Tue, 19 Jul 2022CA$365.0bCA$136.5bCA$13.2b13.8x27.7x2.7x
Thu, 16 Jun 2022CA$355.1bCA$136.2bCA$13.2b15.2x26.9x2.6x
Sat, 14 May 2022CA$356.8bCA$135.8bCA$13.2b16.8x27.1x2.6x
Mon, 11 Apr 2022CA$394.3bCA$129.3bCA$17.8b19.3x22.2x3x
Wed, 09 Mar 2022CA$399.9bCA$128.6bCA$18.0b19.5x22.2x3.1x
Fri, 04 Feb 2022CA$393.2bCA$124.5bCA$17.7b20.6x22.2x3.2x
Sun, 02 Jan 2022CA$413.5bCA$124.0bCA$17.8b19.6x23.2x3.3x
Tue, 30 Nov 2021CA$398.2bCA$124.2bCA$17.9b20.5x22.2x3.2x
Thu, 28 Oct 2021CA$399.8bCA$119.0bCA$18.1b20.6x22.1x3.4x
Sat, 25 Sep 2021CA$377.5bCA$119.2bCA$17.7b19.8x21.3x3.2x
Mon, 23 Aug 2021CA$374.9bCA$120.4bCA$17.5b20.3x21.4x3.1x
Sat, 10 Jul 2021CA$357.6bCA$120.4bCA$17.5b19.3x20.4x3x
Price to Earnings Ratio

23.8x


Total Market Cap: CA$349.3bTotal Earnings: CA$14.7bTotal Revenue: CA$113.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Industrials Sector Price to Earnings3Y Average 27.1x202220232024
Current Industry PE
  • Investors are relatively neutral on the Canadian Industrials 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 27.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 5.8% per year over the last three years.
  • Revenues for these companies have grown 14% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Canadian Industrials sector?

CA Market3.09%
Industrials5.08%
Building12.49%
Professional Services10.07%
Machinery4.61%
Construction4.48%
Transportation4.35%
Industrials4.28%
Logistics4.17%
Aerospace & Defense4.15%
Commercial Services2.46%
Electrical1.30%
Airlines0.53%
Trade Distributors0.27%
Marine and Shipping-0.21%
Infrastructure-11.20%
Industry PE
  • Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (36.8%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Machinery industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings growth rate of 26% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings decline by 5.3% 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
TRI Thomson ReutersCA$229.4310.1%
+CA$9.4b		31.7%PE31.7x
CP Canadian Pacific Kansas CityCA$112.145.0%
+CA$5.0b		2.7%PE26.8x
CNR Canadian National RailwayCA$172.893.8%
+CA$4.1b		6.4%PE20x
WSP WSP GlobalCA$218.724.4%
+CA$1.2b		21.9%PE49.6x
STN StantecCA$116.605.4%
+CA$677.6m		40.9%PE40.2x
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