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Canadian (TSX) Trade Distributors Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies14
  • 7D3.1%
  • 3M15.2%
  • 1Y68.7%
  • YTD30.5%

Over the last 7 days, the Trade Distributors industry has risen 3.1%, driven by gains from Toromont Industries of 10%. In the last 12 months, the industry was up 69%. 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
Thu, 25 Jun 2026CA$42.1bCA$33.6bCA$1.6b16.1x26.5x1.3x
Sat, 23 May 2026CA$39.0bCA$33.5bCA$1.6b15.9x24.5x1.2x
Mon, 20 Apr 2026CA$38.4bCA$33.1bCA$1.6b15.8x24.6x1.2x
Wed, 18 Mar 2026CA$36.6bCA$33.1bCA$1.6b15.5x23.5x1.1x
Fri, 13 Feb 2026CA$36.5bCA$35.9bCA$1.5b15.9x23.7x1x
Sun, 11 Jan 2026CA$32.8bCA$36.9bCA$1.6b15.3x20.8x0.9x
Tue, 09 Dec 2025CA$31.0bCA$36.9bCA$1.6b14.7x19.7x0.8x
Thu, 06 Nov 2025CA$30.8bCA$36.3bCA$1.5b15x20.3x0.8x
Sat, 04 Oct 2025CA$29.0bCA$36.3bCA$1.5b14.8x19.4x0.8x
Mon, 01 Sep 2025CA$27.0bCA$36.2bCA$1.5b14.4x18.1x0.7x
Wed, 30 Jul 2025CA$26.6bCA$35.9bCA$1.5b16.3x18.3x0.7x
Fri, 27 Jun 2025CA$25.0bCA$35.8bCA$1.5b15.5x17.2x0.7x
Sun, 25 May 2025CA$23.6bCA$35.7bCA$1.5b14.5x16.2x0.7x
Tue, 22 Apr 2025CA$21.0bCA$35.0bCA$1.5b12.2x14.1x0.6x
Thu, 20 Mar 2025CA$21.8bCA$35.1bCA$1.5b12.5x14.5x0.6x
Sat, 15 Feb 2025CA$23.7bCA$34.8bCA$1.5b14x15.7x0.7x
Mon, 13 Jan 2025CA$22.0bCA$34.5bCA$1.5b12.8x14.9x0.6x
Wed, 11 Dec 2024CA$22.9bCA$34.4bCA$1.5b14.6x15.5x0.7x
Fri, 08 Nov 2024CA$23.3bCA$34.2bCA$1.5b12.7x15x0.7x
Sun, 06 Oct 2024CA$24.7bCA$34.0bCA$1.6b12x15.3x0.7x
Tue, 03 Sep 2024CA$22.9bCA$34.0bCA$1.6b10.8x14.2x0.7x
Thu, 01 Aug 2024CA$23.8bCA$31.7bCA$1.6b10.9x14.4x0.8x
Sat, 29 Jun 2024CA$23.0bCA$31.4bCA$1.7b10x13.9x0.7x
Mon, 27 May 2024CA$23.4bCA$31.4bCA$1.7b9.6x14.2x0.7x
Wed, 24 Apr 2024CA$24.4bCA$31.5bCA$1.7b10x14.3x0.8x
Fri, 22 Mar 2024CA$24.2bCA$31.5bCA$1.7b10x14.1x0.8x
Sun, 18 Feb 2024CA$23.4bCA$31.7bCA$1.7b9.9x13.6x0.7x
Tue, 16 Jan 2024CA$23.1bCA$31.7bCA$1.8b9.6x12.8x0.7x
Thu, 14 Dec 2023CA$21.7bCA$31.7bCA$1.8b9.3x12x0.7x
Sat, 11 Nov 2023CA$21.2bCA$31.9bCA$1.8b8.3x11.7x0.7x
Mon, 09 Oct 2023CA$21.9bCA$31.8bCA$1.8b7.8x12x0.7x
Wed, 06 Sep 2023CA$23.1bCA$31.8bCA$1.8b8.3x12.5x0.7x
Fri, 04 Aug 2023CA$23.2bCA$31.9bCA$1.9b7.5x12.3x0.7x
Sun, 02 Jul 2023CA$21.9bCA$31.8bCA$1.9b7.3x11.6x0.7x
Price to Earnings Ratio

11.6x


Total Market Cap: CA$21.9bTotal Earnings: CA$1.9bTotal Revenue: CA$31.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Trade Distributors Industry Price to Earnings3Y Average 16.3x202420252026
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 26.5x which is higher than its 3-year average PE of 16.3x.
  • The 3-year average PS ratio of 0.77x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Trade Distributors industry have declined 5.5% 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-1.50%
Industrials-0.56%
Trade Distributors3.09%
Trade Companies and Distributors3.09%
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$228.7811.2%
+CA$1.9b		88.7%PE36.2x
ADEN ADENTRACA$36.036.3%
+CA$51.4m		31.5%PE9.2x
ZDC ZedcorCA$5.466.0%
+CA$34.4m		42.2%PE333.3x
WJX WajaxCA$30.284.2%
+CA$26.8m		36.0%PE10.6x
DBM Doman Building Materials GroupCA$11.291.9%
+CA$18.4m		29.9%PE12.3x

Latest News

FTT
CA$94.95
Finning International
7D
-2.8%
1Y
67.6%
Narrative Update • Jun 24

FTT: Future Returns Will Be Driven By Higher P E And Share Repurchases

Finning International’s analyst price target has edged higher to CA$120 from CA$119.33, with analysts pointing to incremental adjustments in assumed fair value, discount rate, and future P/E, along with a series of recent target increases from major brokerages in the CA$114 to CA$120 range. Analyst Commentary Recent research on Finning International points to a tighter cluster of price targets between C$114 and C$120.
TIH
CA$228.78
Toromont Industries
7D
11.2%
1Y
88.7%
Narrative Update • Jun 23

TIH: Power Systems Backlog And Capacity Investments Will Support A Measured Repricing Path

Toromont Industries' fair value estimate has been raised from CA$227.56 to CA$235.00, reflecting analysts' higher price targets and generally supportive research commentary regarding the company's Power Systems growth outlook and valuation multiples. Analyst Commentary Recent research on Toromont Industries centers on how well the company can execute on its Power Systems growth outlook and how that translates into valuation.
RCH
CA$39.31
Richelieu Hardware
7D
0.3%
1Y
11.0%
RUS
CA$60.03
Russel Metals
7D
-4.5%
1Y
41.4%
Narrative Update • Jun 18

RUS: Future Returns Will Hinge On P/E Support And Dividend Growth

Russel Metals’ analyst price target has been revised higher to CA$61.50 from CA$60.79, reflecting updated fair value estimates and a slightly higher assumed future P/E as analysts respond to recent mixed target changes across the Street. Analyst Commentary Recent research on Russel Metals highlights a mix of optimism and caution as analysts adjust their fair value estimates and price targets.
DBM
CA$11.29
Doman Building Materials Group
7D
1.9%
1Y
29.9%
WJX
CA$30.28
Wajax
7D
4.2%
1Y
36.0%
ADEN
CA$36.03
ADENTRA
7D
6.3%
1Y
31.5%
HC
CA$0.10
Hypercharge Networks
7D
31.3%
1Y
50.0%
ZDC
CA$5.46
Zedcor
7D
6.0%
1Y
42.2%
E
CA$1.42
Enterprise Group
7D
7.6%
1Y
-25.7%
BRY
CA$0.30
Bri-Chem
7D
-18.9%
1Y
42.9%
TBL
CA$3.70
Taiga Building Products
7D
-2.6%
1Y
6.0%
GDL
CA$11.41
Goodfellow
7D
-0.8%
1Y
-9.3%