Valuation dashboard for Mullen Group Ltd. (MTL.TO) with P/E 22.82, P/B 2.34, EV/EBITDA 9.9 and dividend yield 2.88%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Industrials companies.
Mullen Group Ltd., established in 1949 and based in Okotoks, Canada, operates as a prominent provider of trucking and comprehensive logistics solutions throughout Canada and the United States. Its diverse operations are categorized into four main divisions: Less-Than-Truckload, Logistics & Warehousing, Specialized & Industrial Services, and U.S. & International Logistics.
Where would it trade at its usual multiples?
Versus its usual multiples: expensive · Current P/E 22.8× · Multiples range: 20.99 CAD · 33.09 CAD.
At the decade median (16.4×) 21 CAD (-28%); at its sector median (25.9×) 33 CAD (+13%). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Analysis Summary
Mullen Group Ltd. reported revenue of 2.13B CAD in the most recent fiscal year, growing at a 5-year CAGR of 12.9%. Net income reached 91.1M CAD, with a 7.3% 5-year CAGR.
Trailing-twelve-month margins: gross margin 23.6%, operating margin 9.2%, net margin 5.3%.
At 29.21 CAD (closing price, November 3, 2026), MTL.TO trades at a P/E of 22.82 and an ROE of 10.58%. Market capitalisation stands at CAD 2.8B.
Balance sheet quality for MTL.TO: debt-to-equity ratio of 0.86, current ratio of 2.18 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 22.82 |
| Price / Book | 2.34 |
| EV / EBITDA | 9.9 |
| Dividend Yield | 2.88% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| MTL.TO | Mullen Group Ltd. | CAD 2.8B | 22.82 | 2.34 | 10.6% |
| BDT.TO | Bird Construction Inc. | CAD 4.1B | 69.04 | 9.14 | 13.4% |
| ODFL | Old Dominion Freight Line, Inc. | $37.0B | 31.96 | 7.81 | 25.9% |
| XPO | XPO Logistics, Inc. | $22.3B | 45.08 | 11.33 | 26.3% |
| 0M1O.L | XPO Logistics, Inc. | $22.2B | 53.41 | 10.93 | 21.6% |
| TFII.TO | TFI International Inc. | CAD 11.1B | 20.64 | 2.83 | 12.9% |
| KNX | Knight-Swift Transportation Holdings Inc. | $10.2B | 67.54 | 1.45 | 2.2% |
| SAIA | Saia, Inc. | $9.4B | 33.48 | 3.35 | 10.5% |
Price
| Price | 29.21 CAD (closing price, November 3, 2026) |
| Market Cap | CAD 2.8B |
| Exchange | TSX |
| Country | CA |
Profitability
| Return on Equity | 10.58% |
| Return on Invested Capital | 6.79% |
| Return on Assets | 4.60% |
| Gross Margin | 23.59% |
| Operating Margin | 9.19% |
| Net Margin | 5.25% |
Related companies: BDT.TO · ODFL · XPO · 0M1O.L · TFII.TO · KNX · SAIA · TFII
Explore sector: Industrials · Trucking
More sections of MTL.TO: Overview · Financials · Estimates · Technical · Ownership
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