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Canadian (TSX) Trade Distributors Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies14
  • 7D-3.9%
  • 3M17.0%
  • 1Y72.3%
  • YTD15.8%

Over the last 7 days, the Trade Distributors industry has dropped 7.1%, driven by a pullback from Toromont Industries of 4.1%. Over the past 12 months, the industry was up 68%. 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, 11 Mar 2026CA$36.4bCA$33.1bCA$1.5b15.2x23.8x1.1x
Fri, 06 Feb 2026CA$35.2bCA$36.9bCA$1.6b16.1x22.3x1x
Sun, 04 Jan 2026CA$31.8bCA$36.8bCA$1.6b15x20.2x0.9x
Tue, 02 Dec 2025CA$31.2bCA$36.9bCA$1.6b14.6x19.8x0.8x
Thu, 30 Oct 2025CA$30.3bCA$36.3bCA$1.5b15.4x20.2x0.8x
Sat, 27 Sep 2025CA$28.7bCA$36.3bCA$1.5b15.2x19.1x0.8x
Mon, 25 Aug 2025CA$27.2bCA$36.2bCA$1.5b14.3x18.2x0.8x
Wed, 23 Jul 2025CA$26.2bCA$35.8bCA$1.5b16.4x18.1x0.7x
Fri, 20 Jun 2025CA$24.5bCA$35.8bCA$1.5b15.1x16.8x0.7x
Sun, 18 May 2025CA$23.8bCA$35.7bCA$1.5b13.3x16.4x0.7x
Tue, 15 Apr 2025CA$21.1bCA$35.0bCA$1.5b12.2x14.1x0.6x
Thu, 13 Mar 2025CA$21.8bCA$35.1bCA$1.5b12.8x14.5x0.6x
Sat, 08 Feb 2025CA$23.1bCA$34.7bCA$1.5b12.9x15.1x0.7x
Mon, 06 Jan 2025CA$22.4bCA$34.5bCA$1.5b13.4x15.2x0.6x
Wed, 04 Dec 2024CA$22.9bCA$34.4bCA$1.5b14.8x15.5x0.7x
Fri, 01 Nov 2024CA$24.0bCA$34.1bCA$1.6b11.4x14.9x0.7x
Sun, 29 Sep 2024CA$24.7bCA$34.0bCA$1.6b11.8x15.3x0.7x
Tue, 27 Aug 2024CA$23.4bCA$34.9bCA$1.6b10.7x14.5x0.7x
Thu, 25 Jul 2024CA$23.5bCA$31.5bCA$1.6b9.4x14.3x0.7x
Sat, 22 Jun 2024CA$22.4bCA$31.4bCA$1.7b9.7x13.6x0.7x
Mon, 20 May 2024CA$23.7bCA$31.4bCA$1.7b10x14.3x0.8x
Wed, 17 Apr 2024CA$24.4bCA$31.5bCA$1.7b10x14.3x0.8x
Fri, 15 Mar 2024CA$23.4bCA$31.6bCA$1.7b9.5x13.6x0.7x
Sun, 11 Feb 2024CA$23.1bCA$31.7bCA$1.7b10x13.3x0.7x
Tue, 09 Jan 2024CA$22.7bCA$31.7bCA$1.8b9.6x12.5x0.7x
Thu, 07 Dec 2023CA$21.5bCA$31.8bCA$1.8b8.7x11.9x0.7x
Sat, 04 Nov 2023CA$21.8bCA$31.8bCA$1.9b8.5x11.7x0.7x
Mon, 02 Oct 2023CA$22.0bCA$31.8bCA$1.8b8.2x11.9x0.7x
Wed, 30 Aug 2023CA$22.8bCA$31.8bCA$1.8b8.5x12.4x0.7x
Fri, 28 Jul 2023CA$22.8bCA$31.7bCA$1.9b8x12.2x0.7x
Sun, 25 Jun 2023CA$21.1bCA$31.8bCA$1.9b7.2x11.2x0.7x
Tue, 23 May 2023CA$21.9bCA$31.9bCA$1.9b7.3x11.6x0.7x
Thu, 20 Apr 2023CA$20.7bCA$31.8bCA$1.9b7.1x10.7x0.6x
Sat, 18 Mar 2023CA$20.2bCA$31.9bCA$1.9b7.3x10.4x0.6x
Price to Earnings Ratio

10.4x


Total Market Cap: CA$20.2bTotal Earnings: CA$1.9bTotal Revenue: CA$31.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Trade Distributors Industry Price to Earnings3Y Average 15x202420252026
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 23.8x which is higher than its 3-year average PE of 15.0x.
  • The 3-year average PS ratio of 0.73x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Trade Distributors industry have declined 7.6% 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-1.63%
Industrials-4.01%
Trade Distributors-3.95%
Trade Companies and Distributors-3.95%
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
E Enterprise GroupCA$1.265.0%
+CA$4.7m		-28.8%PE28.9x
HC Hypercharge NetworksCA$0.0912.5%
+CA$1.4m		38.5%PS1x

Latest News

TIH
CA$201.68
Toromont Industries
7D
-4.1%
1Y
76.6%

TIH: Higher Multiple Assumptions And Dividend Increase Will Guide A Balanced Outlook

Analysts have lifted their average price targets on Toromont Industries into a CA$200 to CA$228 range, reflecting updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research has focused on how Toromont Industries is priced against its execution and growth potential, with several firms revising their targets within the CA$200 to CA$228 range.
HC
CA$0.09
Hypercharge Networks
7D
12.5%
1Y
38.5%
FTT
CA$89.80
Finning International
7D
-3.8%
1Y
129.1%

FTT: Future Returns Will Reflect Higher Rating Convergence And Ongoing Share Repurchases

Analysts have lifted their average price targets on Finning International into roughly the CA$100 to CA$105 range, citing refined discount rate assumptions and updated P/E expectations that are broadly in line with recent target increases from several Canadian banks. Analyst Commentary Recent research updates cluster around the CA$100 to CA$105 range, with several firms adjusting their targets and reaffirming positive ratings.
RCH
CA$41.78
Richelieu Hardware
7D
-3.8%
1Y
20.1%

RCH: Dividend Aristocrat Status And Buybacks Will Support Future Fair Value

Analysts have kept their CA$42.00 price target for Richelieu Hardware unchanged, as only minor tweaks to inputs like the discount rate, revenue growth, profit margin, and future P/E assumptions did not materially alter their view of fair value. What's in the News Richelieu Hardware was added to the S&P/TSX Canadian Dividend Aristocrats Index, which focuses on companies with a history of paying dividends (index announcement).
DBM
CA$9.75
Doman Building Materials Group
7D
-5.3%
1Y
46.0%
RUS
CA$46.70
Russel Metals
7D
-3.2%
1Y
17.0%
TBL
CA$3.54
Taiga Building Products
7D
-4.3%
1Y
-5.6%
ZDC
CA$5.45
Zedcor
7D
-2.7%
1Y
87.3%

ZDC: Share Momentum Will Likely Continue As Discount Assumptions Tighten

Analysts have trimmed their price target on Zedcor to CA$7.91 from CA$7.76. They point to updated assumptions around discount rates, revenue growth and profit margins as the key drivers of the change.
ADEN
CA$34.59
ADENTRA
7D
-7.8%
1Y
11.3%
E
CA$1.26
Enterprise Group
7D
5.0%
1Y
-28.8%