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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%

The Trade Distributors industry is up 3.1% in the last week, with Toromont Industries up 10%. This takes the industry's 12 month performance to a gain of 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
Wed, 24 Jun 2026CA$42.1bCA$33.6bCA$1.6b16.1x26.5x1.3x
Fri, 22 May 2026CA$38.9bCA$33.5bCA$1.6b15.7x24.5x1.2x
Sun, 19 Apr 2026CA$38.4bCA$33.1bCA$1.6b15.8x24.6x1.2x
Tue, 17 Mar 2026CA$36.2bCA$33.1bCA$1.6b15.1x23.3x1.1x
Thu, 12 Feb 2026CA$35.7bCA$35.8bCA$1.5b16.7x23.2x1x
Sat, 10 Jan 2026CA$32.1bCA$36.9bCA$1.6b15.3x20.4x0.9x
Mon, 08 Dec 2025CA$31.0bCA$36.9bCA$1.6b14.9x19.7x0.8x
Wed, 05 Nov 2025CA$31.6bCA$36.3bCA$1.5b15x20.8x0.9x
Fri, 03 Oct 2025CA$28.9bCA$36.3bCA$1.5b14.9x19.3x0.8x
Sun, 31 Aug 2025CA$27.0bCA$36.2bCA$1.5b14.4x18.1x0.7x
Tue, 29 Jul 2025CA$26.8bCA$35.9bCA$1.5b16.3x18.4x0.7x
Thu, 26 Jun 2025CA$24.9bCA$35.8bCA$1.5b15.4x17.1x0.7x
Sat, 24 May 2025CA$23.5bCA$35.7bCA$1.5b14.5x16.2x0.7x
Mon, 21 Apr 2025CA$21.0bCA$35.0bCA$1.5b12.2x14.1x0.6x
Wed, 19 Mar 2025CA$21.9bCA$35.1bCA$1.5b12.4x14.6x0.6x
Fri, 14 Feb 2025CA$23.5bCA$34.8bCA$1.5b13.7x15.6x0.7x
Sun, 12 Jan 2025CA$22.0bCA$34.5bCA$1.5b12.8x14.9x0.6x
Tue, 10 Dec 2024CA$22.9bCA$34.4bCA$1.5b14.8x15.5x0.7x
Thu, 07 Nov 2024CA$23.0bCA$34.2bCA$1.6b11.6x14.6x0.7x
Sat, 05 Oct 2024CA$24.8bCA$34.0bCA$1.6b12x15.4x0.7x
Mon, 02 Sep 2024CA$22.9bCA$34.0bCA$1.6b10.8x14.2x0.7x
Wed, 31 Jul 2024CA$23.6bCA$31.5bCA$1.6b10.8x14.3x0.7x
Fri, 28 Jun 2024CA$22.8bCA$31.4bCA$1.7b10x13.8x0.7x
Sun, 26 May 2024CA$23.4bCA$31.4bCA$1.7b9.6x14.2x0.7x
Tue, 23 Apr 2024CA$24.2bCA$31.5bCA$1.7b10x14.2x0.8x
Thu, 21 Mar 2024CA$24.1bCA$31.5bCA$1.7b9.9x14x0.8x
Sat, 17 Feb 2024CA$23.4bCA$31.7bCA$1.7b9.9x13.6x0.7x
Mon, 15 Jan 2024CA$23.1bCA$31.7bCA$1.8b9.5x12.8x0.7x
Wed, 13 Dec 2023CA$21.7bCA$31.8bCA$1.8b9x12x0.7x
Fri, 10 Nov 2023CA$21.0bCA$32.2bCA$1.9b7.8x11.2x0.7x
Sun, 08 Oct 2023CA$21.9bCA$31.8bCA$1.8b7.8x12x0.7x
Tue, 05 Sep 2023CA$23.1bCA$31.8bCA$1.8b8.5x12.5x0.7x
Thu, 03 Aug 2023CA$23.3bCA$31.9bCA$1.9b7.4x12.3x0.7x
Sat, 01 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$236.1010.1%
+CA$1.8b		96.2%PE37.4x
WJX WajaxCA$30.413.4%
+CA$21.8m		34.0%PE10.7x
ZDC ZedcorCA$5.501.9%
+CA$11.1m		41.8%PE335.8x
DBM Doman Building Materials GroupCA$11.191.1%
+CA$10.5m		28.2%PE12.2x
HC Hypercharge NetworksCA$0.1025.0%
+CA$2.8m		42.9%PS1.1x

Latest News

TIH
CA$236.10
Toromont Industries
7D
10.1%
1Y
96.2%
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$38.89
Richelieu Hardware
7D
-1.8%
1Y
10.3%
RUS
CA$61.79
Russel Metals
7D
-2.2%
1Y
44.8%
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$11.19
Doman Building Materials Group
7D
1.1%
1Y
28.2%
FTT
CA$98.33
Finning International
7D
-3.2%
1Y
73.1%
Narrative Update • Jun 09

FTT: Future Returns Will Reflect Higher P E And Ongoing Share Repurchases

Analysts have nudged their fair value estimate for Finning International higher from CA$117.67 to CA$119.33, citing a series of recent price target raises from CA$106 to as high as CA$118 and generally supportive research commentary on the stock. Analyst Commentary Recent research has clustered around higher price targets for Finning International, with several bullish analysts lifting their expectations into a tight CA$114 to CA$118 range.
WJX
CA$30.41
Wajax
7D
3.4%
1Y
34.0%
ADEN
CA$34.54
ADENTRA
7D
-0.6%
1Y
24.6%
HC
CA$0.10
Hypercharge Networks
7D
25.0%
1Y
42.9%
ZDC
CA$5.50
Zedcor
7D
1.9%
1Y
41.8%
E
CA$1.37
Enterprise Group
7D
1.5%
1Y
-25.7%
BRY
CA$0.35
Bri-Chem
7D
-7.8%
1Y
69.0%
GDL
CA$11.35
Goodfellow
7D
-1.3%
1Y
-8.8%