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Canadian (TSX) Trade Distributors Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies15
  • 7D3.4%
  • 3M11.3%
  • 1Y52.6%
  • YTD4.0%

Over the last 7 days, the Trade Distributors industry has risen 3.4%, driven by gains from Finning International of 5.7%. During this same period, the Enterprise Group underperformed, falling 8.5%. This takes the industry's 12 month performance to a gain of 53%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026CA$33.1bCA$36.9bCA$1.6b15.4x21x0.9x
Thu, 11 Dec 2025CA$31.3bCA$36.9bCA$1.6b14.7x19.8x0.8x
Sat, 08 Nov 2025CA$30.5bCA$36.4bCA$1.5b14.7x20.1x0.8x
Mon, 06 Oct 2025CA$29.1bCA$36.3bCA$1.5b14.8x19.4x0.8x
Wed, 03 Sep 2025CA$27.0bCA$36.2bCA$1.5b14.4x18.1x0.7x
Fri, 01 Aug 2025CA$27.0bCA$35.9bCA$1.4b16.2x18.7x0.8x
Sun, 29 Jun 2025CA$25.3bCA$35.8bCA$1.5b15.7x17.4x0.7x
Tue, 27 May 2025CA$23.6bCA$35.7bCA$1.5b14.7x16.2x0.7x
Thu, 24 Apr 2025CA$21.1bCA$35.0bCA$1.5b12.3x14.1x0.6x
Sat, 22 Mar 2025CA$21.9bCA$35.1bCA$1.5b12.3x14.6x0.6x
Mon, 17 Feb 2025CA$23.7bCA$34.8bCA$1.5b14x15.7x0.7x
Wed, 15 Jan 2025CA$22.0bCA$34.5bCA$1.5b12.7x14.9x0.6x
Fri, 13 Dec 2024CA$22.6bCA$34.5bCA$1.5b14.4x15.3x0.7x
Sun, 10 Nov 2024CA$23.2bCA$34.2bCA$1.5b13.4x15.1x0.7x
Tue, 08 Oct 2024CA$24.7bCA$34.0bCA$1.6b12.1x15.3x0.7x
Thu, 05 Sep 2024CA$22.7bCA$34.0bCA$1.6b10.4x14.1x0.7x
Sat, 03 Aug 2024CA$23.3bCA$31.6bCA$1.6b10.9x14.4x0.7x
Mon, 01 Jul 2024CA$23.0bCA$31.4bCA$1.7b10x13.9x0.7x
Wed, 29 May 2024CA$23.6bCA$31.4bCA$1.7b9.4x14.3x0.8x
Fri, 26 Apr 2024CA$24.2bCA$31.5bCA$1.7b9.8x14.2x0.8x
Sun, 24 Mar 2024CA$24.0bCA$31.5bCA$1.7b10.2x14x0.8x
Tue, 20 Feb 2024CA$23.4bCA$31.7bCA$1.7b9.9x13.6x0.7x
Thu, 18 Jan 2024CA$22.9bCA$31.7bCA$1.8b9.5x12.7x0.7x
Sat, 16 Dec 2023CA$22.5bCA$31.7bCA$1.8b9.5x12.4x0.7x
Mon, 13 Nov 2023CA$21.4bCA$31.9bCA$1.8b8.3x11.8x0.7x
Wed, 11 Oct 2023CA$21.9bCA$31.8bCA$1.8b7.9x12.1x0.7x
Fri, 08 Sep 2023CA$22.6bCA$31.9bCA$1.8b8.1x12.3x0.7x
Sun, 06 Aug 2023CA$23.4bCA$31.7bCA$1.9b7.5x12.3x0.7x
Tue, 04 Jul 2023CA$21.9bCA$31.8bCA$1.9b7.3x11.6x0.7x
Thu, 01 Jun 2023CA$21.1bCA$31.9bCA$1.9b6.6x11.2x0.7x
Sat, 29 Apr 2023CA$20.9bCA$32.1bCA$2.0b7.1x10.6x0.7x
Mon, 27 Mar 2023CA$20.0bCA$31.9bCA$1.9b7.4x10.3x0.6x
Wed, 22 Feb 2023CA$21.4bCA$31.7bCA$2.0b7.8x10.9x0.7x
Fri, 20 Jan 2023CA$20.0bCA$30.8bCA$1.9b7.2x10.4x0.7x
Price to Earnings Ratio

10.4x


Total Market Cap: CA$20.0bTotal Earnings: CA$1.9bTotal Revenue: CA$30.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Trade Distributors Industry Price to Earnings3Y Average 14.4x202420252026
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 21.0x which is higher than its 3-year average PE of 14.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
  • The earnings for companies in the Trade Distributors industry have declined 6.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.2% per year.
  • This means that although more sales are being generated, 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 Market1.53%
Industrials-0.04%
Trade Distributors3.38%
Trade Companies and Distributors3.38%
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$80.635.7%
+CA$569.3m		115.4%PE18.1x
TIH Toromont IndustriesCA$171.292.4%
+CA$327.4m		49.1%PE28.1x
ADEN ADENTRACA$37.979.4%
+CA$78.9m		9.6%PE14.8x
RCH Richelieu HardwareCA$41.562.4%
+CA$53.1m		11.6%PE27x
RUS Russel MetalsCA$45.902.0%
+CA$50.1m		15.6%PE15.3x

Latest News

ADEN
CA$37.97
ADENTRA
7D
9.4%
1Y
9.6%
ZDC
CA$5.68
Zedcor
7D
-0.5%
1Y
64.6%
TIH
CA$171.29
Toromont Industries
7D
2.4%
1Y
49.1%

TIH: Higher Street Expectations And Buybacks Will Shape A Measured Forward Outlook

Analysts have lifted their Street price targets for Toromont Industries to a range of about C$172 to C$180, reflecting updated views on valuation and earnings power, even as fair value and P/E assumptions in our model remain broadly unchanged. Analyst Commentary Street research on Toromont Industries has become more constructive on valuation, with a cluster of higher price targets and a mix of ratings that signal both optimism and caution.
RUS
CA$45.90
Russel Metals
7D
2.0%
1Y
15.6%

RUS: Stable Outlook Will Rely On Disciplined Buybacks And Steady Metrics

Analysts have kept their price target for Russel Metals steady at $49.86, reflecting essentially unchanged fair value, revenue growth, profit margin and future P/E assumptions, with only minor adjustments to discount rate inputs. What's in the News From July 1, 2025 to August 15, 2025, Russel Metals repurchased 330,200 shares, representing 0.59% of its shares for CAD 13.7 million under its August 13, 2024 buyback program, bringing total repurchases under that program to 2,989,900 shares or 5.2% for CAD 120.16 million (Key Developments).
HC
CA$0.09
Hypercharge Networks
7D
12.5%
1Y
38.5%
FTT
CA$80.63
Finning International
7D
5.7%
1Y
115.4%

FTT: Future Upside Will Be Driven By Rising Outperformance Conviction

Analysts have raised their price target on Finning International to C$84.44 from C$83.78. This change reflects updated views on fair value and valuation metrics, supported by recent target increases from several research firms.
RCH
CA$41.56
Richelieu Hardware
7D
2.4%
1Y
11.6%

RCH: Share Repurchases And Steady Assumptions Will Support Fair Value Outlook

Analysts have kept their fair value estimate for Richelieu Hardware steady at $38.75 per share, explaining the unchanged price target by only minimal tweaks to assumptions such as discount rate, revenue growth, profit margin and future P/E that do not materially alter their overall outlook. What's in the News Richelieu Hardware completed a share repurchase program announced on January 8, 2025, under which it bought back 104,015 shares, representing 0.19% of shares, for a total of C$3.76m (Key Developments).
DBM
CA$9.80
Doman Building Materials Group
7D
1.4%
1Y
21.6%
SURE
CA$0.30
SureNano Science
7D
-6.3%
1Y
106.9%
WJX
CA$28.64
Wajax
7D
1.2%
1Y
40.8%
E
CA$1.29
Enterprise Group
7D
-8.5%
1Y
-39.4%
TBL
CA$3.46
Taiga Building Products
7D
-0.9%
1Y
-10.1%