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Canadian (TSX) Trade Distributors Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies14
  • 7D2.2%
  • 3M22.7%
  • 1Y67.3%
  • YTD20.1%

Over the last 7 days, the Trade Distributors industry has risen 2.2%, driven by gains from Toromont Industries of 5.1%. In the last 12 months, the industry was up 67%. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026CA$38.2bCA$33.2bCA$1.5b15.7x25x1.2x
Mon, 26 Jan 2026CA$34.7bCA$36.9bCA$1.6b16.1x22x0.9x
Wed, 24 Dec 2025CA$31.5bCA$36.8bCA$1.6b15.2x20x0.9x
Fri, 21 Nov 2025CA$30.4bCA$36.9bCA$1.6b14.7x19.3x0.8x
Sun, 19 Oct 2025CA$29.6bCA$36.3bCA$1.5b14.4x19.8x0.8x
Tue, 16 Sep 2025CA$27.3bCA$36.2bCA$1.5b14.4x18.3x0.8x
Thu, 14 Aug 2025CA$27.0bCA$36.2bCA$1.5b14.4x18x0.7x
Sat, 12 Jul 2025CA$26.0bCA$35.8bCA$1.5b16.2x17.9x0.7x
Mon, 09 Jun 2025CA$24.4bCA$35.7bCA$1.5b15.1x16.8x0.7x
Wed, 07 May 2025CA$21.0bCA$35.1bCA$1.5b11.3x14.2x0.6x
Fri, 04 Apr 2025CA$22.0bCA$35.0bCA$1.5b12.2x14.7x0.6x
Sun, 02 Mar 2025CA$23.3bCA$35.1bCA$1.5b13.4x15.5x0.7x
Tue, 28 Jan 2025CA$23.3bCA$34.5bCA$1.5b13.4x15.8x0.7x
Thu, 26 Dec 2024CA$22.5bCA$34.5bCA$1.5b13.7x15.2x0.7x
Sat, 23 Nov 2024CA$22.6bCA$34.3bCA$1.5b14.2x15.2x0.7x
Mon, 21 Oct 2024CA$24.9bCA$34.1bCA$1.6b12x15.5x0.7x
Wed, 18 Sep 2024CA$23.7bCA$34.0bCA$1.6b10.9x14.7x0.7x
Fri, 16 Aug 2024CA$22.8bCA$31.6bCA$1.6b11x14.3x0.7x
Sun, 14 Jul 2024CA$23.0bCA$31.4bCA$1.6b9.4x14x0.7x
Tue, 11 Jun 2024CA$22.9bCA$31.5bCA$1.7b10.9x13.8x0.7x
Thu, 09 May 2024CA$23.5bCA$31.5bCA$1.7b10.2x14.2x0.7x
Sat, 06 Apr 2024CA$24.7bCA$31.5bCA$1.7b9.9x14.4x0.8x
Mon, 04 Mar 2024CA$23.5bCA$31.6bCA$1.7b10x13.6x0.7x
Wed, 31 Jan 2024CA$23.3bCA$31.7bCA$1.8b9.8x13x0.7x
Fri, 29 Dec 2023CA$23.3bCA$31.7bCA$1.8b9.8x12.8x0.7x
Sun, 26 Nov 2023CA$21.4bCA$31.8bCA$1.8b8.4x11.8x0.7x
Tue, 24 Oct 2023CA$20.7bCA$31.8bCA$1.8b7.8x11.3x0.6x
Thu, 21 Sep 2023CA$22.4bCA$31.8bCA$1.8b8.3x12.1x0.7x
Sat, 19 Aug 2023CA$22.4bCA$31.8bCA$1.8b8x12.2x0.7x
Mon, 17 Jul 2023CA$22.3bCA$31.7bCA$1.9b7.8x12x0.7x
Wed, 14 Jun 2023CA$21.6bCA$31.8bCA$1.9b7x11.4x0.7x
Fri, 12 May 2023CA$20.7bCA$32.2bCA$2.0b6.8x10.5x0.6x
Sun, 09 Apr 2023CA$19.9bCA$31.9bCA$1.9b6.9x10.3x0.6x
Tue, 07 Mar 2023CA$21.4bCA$31.7bCA$2.0b8.1x10.9x0.7x
Price to Earnings Ratio

10.9x


Total Market Cap: CA$21.4bTotal Earnings: CA$2.0bTotal Revenue: CA$31.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Trade Distributors Industry Price to Earnings3Y Average 14.9x202420252026
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 25.0x which is higher than its 3-year average PE of 14.9x.
  • The 3-year average PS ratio of 0.72x 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 8.0% 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 Market1.75%
Industrials2.74%
Trade Distributors2.22%
Trade Companies and Distributors2.22%
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
TIH Toromont IndustriesCA$211.705.1%
+CA$840.6m		74.3%PE34.7x
FTT Finning InternationalCA$91.960.7%
+CA$91.7m		115.4%PE22.3x
RUS Russel MetalsCA$48.041.1%
+CA$29.7m		17.1%PE15.7x
TBL Taiga Building ProductsCA$3.757.1%
+CA$27.0m		-4.3%PE9.1x
WJX WajaxCA$31.421.9%
+CA$12.6m		56.6%PE14.8x

Latest News

TIH
CA$211.70
Toromont Industries
7D
5.1%
1Y
74.3%
ZDC
CA$5.54
Zedcor
7D
-8.0%
1Y
81.6%
ADEN
CA$37.71
ADENTRA
7D
-3.9%
1Y
12.5%
WJX
CA$31.42
Wajax
7D
1.9%
1Y
56.6%
GDL
CA$12.43
Goodfellow
7D
0.8%
1Y
2.6%
FTT
CA$91.96
Finning International
7D
0.7%
1Y
115.4%

FTT: Future Returns Will Reflect Higher Rating And Ongoing Buyback Activity

Analysts have raised their average price target for Finning International from about CA$87.67 to roughly CA$99.89, citing updated expectations for revenue growth, a slightly lower discount rate, and a modestly higher future P/E multiple that aligns with recent target increases from several Canadian banks. Analyst Commentary Recent research updates for Finning International show a cluster of higher price targets, with several firms lifting their assumptions in quick succession.
RCH
CA$43.54
Richelieu Hardware
7D
-3.2%
1Y
18.8%

RCH: Dividend Aristocrat Status And Buybacks Will Support Fairly Valued Outlook

Analysts have kept their fair value estimate for Richelieu Hardware steady at CA$42.00, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin and future P/E to reflect updated modelling assumptions. What's in the News Richelieu Hardware Ltd.
SURE
CA$0.31
SureNano Science
7D
3.3%
1Y
287.5%
DBM
CA$10.43
Doman Building Materials Group
7D
1.0%
1Y
38.0%
RUS
CA$48.04
Russel Metals
7D
1.1%
1Y
17.1%

RUS: Future Upside Will Depend On Higher P/E And Steady Execution

The analyst price target for Russel Metals moves from CA$49.86 to CA$54.57, reflecting updated views from analysts who recently raised their targets into the CA$54 to CA$57 range, alongside adjustments to fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research on Russel Metals shows a mix of optimism on valuation and execution, alongside a more cautious stance from some firms that have moved to downgrades.
HC
CA$0.08
Hypercharge Networks
7D
-5.9%
1Y
23.1%

Take Care Before Diving Into The Deep End On Hypercharge Networks Corp. (CVE:HC)

Feb 10
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E
CA$1.21
Enterprise Group
7D
-3.2%
1Y
-43.2%
BRY
CA$0.24
Bri-Chem
7D
-14.0%
1Y
-27.9%
TBL
CA$3.75
Taiga Building Products
7D
7.1%
1Y
-4.3%