Narrative Update • May 26

Over the last 7 days, the Trade Distributors industry has remained flat. As for the the longer term, the industry is up 76% over the past 12 months. Earnings are forecast to grow by 16% annually.
Has the Canadian Trade Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 05 Jun 2026 | CA$41.2b | CA$33.5b | CA$1.6b | 16.5x | 25.9x | 1.2x |
| Sun, 03 May 2026 | CA$39.6b | CA$33.2b | CA$1.6b | 16.3x | 25.1x | 1.2x |
| Tue, 31 Mar 2026 | CA$34.9b | CA$33.1b | CA$1.6b | 14.6x | 22.4x | 1.1x |
| Thu, 26 Feb 2026 | CA$37.4b | CA$33.2b | CA$1.5b | 15.9x | 24.5x | 1.1x |
| Sat, 24 Jan 2026 | CA$34.8b | CA$36.9b | CA$1.6b | 16.1x | 22.1x | 0.9x |
| Mon, 22 Dec 2025 | CA$31.1b | CA$36.9b | CA$1.6b | 15x | 19.7x | 0.8x |
| Wed, 19 Nov 2025 | CA$30.1b | CA$36.9b | CA$1.6b | 15.1x | 19.1x | 0.8x |
| Fri, 17 Oct 2025 | CA$29.8b | CA$36.3b | CA$1.5b | 14.4x | 19.9x | 0.8x |
| Sun, 14 Sep 2025 | CA$27.3b | CA$36.2b | CA$1.5b | 14.4x | 18.3x | 0.8x |
| Tue, 12 Aug 2025 | CA$26.5b | CA$36.2b | CA$1.5b | 14x | 17.7x | 0.7x |
| Thu, 10 Jul 2025 | CA$26.0b | CA$35.8b | CA$1.5b | 16.2x | 17.9x | 0.7x |
| Sat, 07 Jun 2025 | CA$24.1b | CA$35.7b | CA$1.5b | 15.1x | 16.6x | 0.7x |
| Mon, 05 May 2025 | CA$21.2b | CA$35.1b | CA$1.5b | 11.8x | 14.3x | 0.6x |
| Wed, 02 Apr 2025 | CA$21.5b | CA$35.1b | CA$1.5b | 12.4x | 14.4x | 0.6x |
| Fri, 28 Feb 2025 | CA$23.4b | CA$34.9b | CA$1.5b | 13.4x | 15.4x | 0.7x |
| Sun, 26 Jan 2025 | CA$23.3b | CA$34.5b | CA$1.5b | 13.4x | 15.8x | 0.7x |
| Tue, 24 Dec 2024 | CA$22.3b | CA$34.5b | CA$1.5b | 13.5x | 15.1x | 0.6x |
| Thu, 21 Nov 2024 | CA$22.5b | CA$34.3b | CA$1.5b | 14.1x | 15.2x | 0.7x |
| Sat, 19 Oct 2024 | CA$24.8b | CA$34.1b | CA$1.6b | 12x | 15.4x | 0.7x |
| Mon, 16 Sep 2024 | CA$23.4b | CA$34.0b | CA$1.6b | 10.7x | 14.5x | 0.7x |
| Wed, 14 Aug 2024 | CA$22.6b | CA$31.6b | CA$1.6b | 10.6x | 14.1x | 0.7x |
| Fri, 12 Jul 2024 | CA$22.5b | CA$31.4b | CA$1.7b | 9.4x | 13.6x | 0.7x |
| Sun, 09 Jun 2024 | CA$22.8b | CA$31.5b | CA$1.7b | 10.4x | 13.8x | 0.7x |
| Tue, 07 May 2024 | CA$23.5b | CA$31.3b | CA$1.7b | 10.2x | 14.1x | 0.8x |
| Thu, 04 Apr 2024 | CA$24.4b | CA$31.5b | CA$1.7b | 9.8x | 14.2x | 0.8x |
| Sat, 02 Mar 2024 | CA$23.4b | CA$31.6b | CA$1.7b | 10x | 13.6x | 0.7x |
| Mon, 29 Jan 2024 | CA$23.2b | CA$31.7b | CA$1.8b | 9.8x | 12.9x | 0.7x |
| Wed, 27 Dec 2023 | CA$23.1b | CA$31.7b | CA$1.8b | 9.7x | 12.7x | 0.7x |
| Fri, 24 Nov 2023 | CA$21.4b | CA$31.8b | CA$1.8b | 8.3x | 11.8x | 0.7x |
| Sun, 22 Oct 2023 | CA$20.9b | CA$31.8b | CA$1.8b | 7.8x | 11.5x | 0.7x |
| Tue, 19 Sep 2023 | CA$22.7b | CA$31.8b | CA$1.8b | 8.2x | 12.3x | 0.7x |
| Thu, 17 Aug 2023 | CA$22.8b | CA$31.8b | CA$1.8b | 8x | 12.4x | 0.7x |
| Sat, 15 Jul 2023 | CA$22.3b | CA$31.7b | CA$1.9b | 7.8x | 12x | 0.7x |
| Mon, 12 Jun 2023 | CA$21.3b | CA$31.8b | CA$1.9b | 7.2x | 11.3x | 0.7x |
11.3x
Which industries have driven the changes within the Canadian Industrials industry?
| CA Market | 0.85% | |
| Industrials | -0.45% | |
| Trade Distributors | 0.93% | |
| Trade Companies and Distributors | 0.93% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FTT Finning International | CA$108.08 | 2.6% +CA$352.6m | 111.5% | PE27.2x | |
| RUS Russel Metals | CA$63.95 | 3.8% +CA$127.3m | 50.2% | PE17.8x | |
| TIH Toromont Industries | CA$227.64 | 0.4% +CA$66.0m | 91.4% | PE36.1x | |
| WJX Wajax | CA$30.35 | 4.0% +CA$25.3m | 34.5% | PE10.6x | |
| TBL Taiga Building Products | CA$3.80 | 5.0% +CA$19.4m | -22.4% | PE14.8x |