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Canadian (TSX) Trade Distributors Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies14
  • 7D1.5%
  • 3M12.7%
  • 1Y86.2%
  • YTD23.0%

In the last week, the Trade Distributors industry is up 1.5%, with Finning International up 4.4%. In the last 12 months, the industry was up 86%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Canadian Trade Distributors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026CA$38.9bCA$33.1bCA$1.6b16.3x24.9x1.2x
Mon, 23 Mar 2026CA$34.3bCA$33.1bCA$1.6b15x22x1x
Wed, 18 Feb 2026CA$37.3bCA$35.9bCA$1.5b15.9x24.2x1x
Fri, 16 Jan 2026CA$32.9bCA$36.9bCA$1.6b15.9x20.9x0.9x
Sun, 14 Dec 2025CA$31.5bCA$36.8bCA$1.6b14.9x19.9x0.9x
Tue, 11 Nov 2025CA$30.3bCA$36.5bCA$1.5b15.2x20x0.8x
Thu, 09 Oct 2025CA$29.0bCA$36.3bCA$1.5b14.3x19.4x0.8x
Sat, 06 Sep 2025CA$27.2bCA$36.2bCA$1.5b14.5x18.1x0.7x
Mon, 04 Aug 2025CA$27.0bCA$35.9bCA$1.4b16.1x18.7x0.8x
Wed, 02 Jul 2025CA$25.3bCA$35.8bCA$1.5b15.9x17.4x0.7x
Fri, 30 May 2025CA$24.0bCA$35.7bCA$1.5b14.5x16.5x0.7x
Sun, 27 Apr 2025CA$21.3bCA$35.0bCA$1.5b12.3x14.3x0.6x
Tue, 25 Mar 2025CA$21.6bCA$35.1bCA$1.5b12.6x14.4x0.6x
Thu, 20 Feb 2025CA$23.7bCA$34.8bCA$1.5b13.9x15.7x0.7x
Sat, 18 Jan 2025CA$22.2bCA$34.6bCA$1.5b13x15.1x0.6x
Mon, 16 Dec 2024CA$22.4bCA$34.5bCA$1.5b14.1x15.2x0.7x
Wed, 13 Nov 2024CA$23.4bCA$34.2bCA$1.5b13.8x15.3x0.7x
Fri, 11 Oct 2024CA$24.9bCA$34.0bCA$1.6b12.2x15.5x0.7x
Sun, 08 Sep 2024CA$22.3bCA$34.0bCA$1.6b10.2x13.9x0.7x
Tue, 06 Aug 2024CA$22.7bCA$31.5bCA$1.6b10.8x14.1x0.7x
Thu, 04 Jul 2024CA$22.9bCA$31.4bCA$1.7b9.6x13.8x0.7x
Sat, 01 Jun 2024CA$22.6bCA$31.4bCA$1.7b10.8x13.7x0.7x
Mon, 29 Apr 2024CA$24.4bCA$31.5bCA$1.7b9.7x14.3x0.8x
Wed, 27 Mar 2024CA$23.9bCA$31.5bCA$1.7b10.1x13.9x0.8x
Fri, 23 Feb 2024CA$23.2bCA$31.6bCA$1.7b9.7x13.5x0.7x
Sun, 21 Jan 2024CA$23.0bCA$31.7bCA$1.8b9.6x12.8x0.7x
Tue, 19 Dec 2023CA$22.4bCA$31.7bCA$1.8b9.6x12.4x0.7x
Thu, 16 Nov 2023CA$21.7bCA$31.8bCA$1.8b7.7x12x0.7x
Sat, 14 Oct 2023CA$21.8bCA$31.8bCA$1.8b8.1x12x0.7x
Mon, 11 Sep 2023CA$22.5bCA$31.8bCA$1.8b8.2x12.2x0.7x
Wed, 09 Aug 2023CA$23.4bCA$31.7bCA$1.9b7.4x12.3x0.7x
Fri, 07 Jul 2023CA$21.7bCA$31.8bCA$1.9b7.2x11.5x0.7x
Sun, 04 Jun 2023CA$21.7bCA$31.9bCA$1.9b6.8x11.5x0.7x
Tue, 02 May 2023CA$20.9bCA$32.1bCA$2.0b7.2x10.6x0.7x
Price to Earnings Ratio

10.6x


Total Market Cap: CA$20.9bTotal Earnings: CA$2.0bTotal Revenue: CA$32.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Trade Distributors Industry Price to Earnings3Y Average 15.6x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Trade Distributors industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.9x which is higher than its 3-year average PE of 15.6x.
  • The 3-year average PS ratio of 0.75x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Trade Distributors industry have declined 7.5% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CA Market-1.02%
Industrials1.59%
Trade Distributors1.52%
Trade Companies and Distributors1.52%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FTT Finning InternationalCA$99.634.4%
+CA$547.4m		157.0%PE24.1x
RUS Russel MetalsCA$52.015.2%
+CA$141.0m		32.8%PE16.9x
ZDC ZedcorCA$6.095.9%
+CA$37.7m		90.3%PE248.6x
SURE SureNano ScienceCA$0.2837.5%
+CA$2.5m		266.7%n/a
TBL Taiga Building ProductsCA$3.700.5%
+CA$2.2m		-2.9%PE14x

Latest News

FTT
CA$99.63
Finning International
7D
4.4%
1Y
157.0%

FTT: Future Returns Will Balance Higher P E Assumptions And Share Repurchases

Narrative Update: Finning International The analyst price target for Finning International has been raised, aligning with recent CA$7 to CA$15 target increases from several firms. Updated assumptions reflect a fair value of CA$101.11, a slightly higher discount rate and P/E multiple, and modestly lower revenue growth and profit margin inputs.
TIH
CA$209.56
Toromont Industries
7D
-0.6%
1Y
83.4%

TIH: Index Addition And Dividend Raise Will Anchor A Measured Repricing Outlook

Toromont Industries' updated fair value estimate has edged up to CA$209.56 from CA$207.89. This change reflects a series of recent price target increases from multiple analysts who cite refreshed assumptions around growth, margins and valuation multiples.
ADEN
CA$35.97
ADENTRA
7D
-1.2%
1Y
31.0%
DBM
CA$10.15
Doman Building Materials Group
7D
-1.9%
1Y
51.7%
ZDC
CA$6.09
Zedcor
7D
5.9%
1Y
90.3%

We Don’t Think Zedcor's (CVE:ZDC) Earnings Should Make Shareholders Too Comfortable

Apr 16
We Don’t Think Zedcor's (CVE:ZDC) Earnings Should Make Shareholders Too Comfortable
BRY
CA$0.36
Bri-Chem
7D
-2.7%
1Y
24.1%
E
CA$1.40
Enterprise Group
7D
0.7%
1Y
4.5%
RCH
CA$40.28
Richelieu Hardware
7D
-0.1%
1Y
25.1%
GDL
CA$11.76
Goodfellow
7D
0.9%
1Y
4.3%
HC
CA$0.08
Hypercharge Networks
7D
-5.9%
1Y
23.1%
RUS
CA$52.01
Russel Metals
7D
5.2%
1Y
32.8%

RUS: Future Upside Will Rely On Higher P E And Share Buybacks

Russel Metals’ analyst price target range has moved higher into the CA$54 to CA$57 band, reflecting updated models from several firms, while small tweaks to the discount rate and forward P/E assumptions leave the intrinsic value estimate essentially unchanged. Analyst Commentary Recent research shows a wide range of views on Russel Metals, with several bullish analysts lifting price targets into the mid CA$50s while a couple of firms have turned more cautious.
WJX
CA$32.21
Wajax
7D
-0.09%
1Y
84.2%
TBL
CA$3.70
Taiga Building Products
7D
0.5%
1Y
-2.9%
SURE
CA$0.28
SureNano Science
7D
37.5%
1Y
266.7%