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Canadian (TSX) Steel Industry Analysis
UpdatedMar 05, 2026
DataAggregated Company Financials
Companies10
- 7D-0.6%
- 3M11.2%
- 1Y16.0%
- YTDn/a
Last week, the Steel industry hasn't moved much but Oceanic Iron Ore is up 9.8% in that time. As for the the longer term, the industry is up 16% over the past 12 months. Looking forward, earnings are forecast to grow by 6.6% annually.
Industry Valuation and Performance
Has the Canadian Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 06 Mar 2026 | CA$3.0b | CA$652.0m | CA$128.6m | 9.8x | 23.5x | 4.6x |
| Sun, 01 Feb 2026 | CA$2.9b | CA$652.9m | CA$129.0m | 8.7x | 22.4x | 4.4x |
| Tue, 30 Dec 2025 | CA$2.9b | CA$652.9m | CA$129.0m | 8.9x | 22.3x | 4.4x |
| Thu, 27 Nov 2025 | CA$2.6b | CA$661.4m | CA$129.8m | 6.4x | 20x | 3.9x |
| Sat, 25 Oct 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.2x | 22.1x | 3.8x |
| Mon, 22 Sep 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 7x | 21.8x | 3.8x |
| Wed, 20 Aug 2025 | CA$2.4b | CA$699.6m | CA$137.9m | 7.7x | 17.6x | 3.5x |
| Fri, 18 Jul 2025 | CA$2.4b | CA$718.5m | CA$162.0m | 7x | 15x | 3.4x |
| Sun, 15 Jun 2025 | CA$2.5b | CA$719.4m | CA$162.1m | 6.9x | 15.2x | 3.4x |
| Tue, 13 May 2025 | CA$2.5b | CA$771.2m | CA$173.2m | 6.3x | 14.2x | 3.2x |
| Thu, 10 Apr 2025 | CA$2.2b | CA$810.0m | CA$210.5m | 5.8x | 10.6x | 2.8x |
| Sat, 08 Mar 2025 | CA$2.6b | CA$1.0b | CA$184.6m | 6.4x | 14.3x | 2.5x |
| Mon, 03 Feb 2025 | CA$2.7b | CA$1.0b | CA$183.6m | 7.8x | 14.7x | 2.6x |
| Wed, 01 Jan 2025 | CA$2.7b | CA$1.0b | CA$175.4m | 6.2x | 15.4x | 2.6x |
| Fri, 29 Nov 2024 | CA$2.7b | CA$1.0b | CA$172.9m | 5.5x | 15.9x | 2.6x |
| Sun, 27 Oct 2024 | CA$6.6b | CA$3.9b | CA$414.5m | 7.7x | 15.9x | 1.7x |
| Tue, 24 Sep 2024 | CA$6.5b | CA$3.9b | CA$415.0m | 7.9x | 15.7x | 1.7x |
| Thu, 22 Aug 2024 | CA$6.5b | CA$3.9b | CA$436.3m | 8.8x | 15x | 1.7x |
| Sat, 20 Jul 2024 | CA$6.6b | CA$4.1b | CA$481.1m | 8.9x | 13.8x | 1.6x |
| Mon, 17 Jun 2024 | CA$5.1b | CA$4.1b | CA$481.0m | 9.2x | 10.6x | 1.3x |
| Wed, 15 May 2024 | CA$5.5b | CA$4.1b | CA$473.4m | 10x | 11.6x | 1.4x |
| Fri, 12 Apr 2024 | CA$5.3b | CA$4.0b | CA$387.9m | 10.3x | 13.6x | 1.3x |
| Sun, 10 Mar 2024 | CA$5.3b | CA$4.0b | CA$359.5m | 11x | 14.6x | 1.3x |
| Tue, 06 Feb 2024 | CA$5.1b | CA$4.0b | CA$407.1m | 10.3x | 12.6x | 1.3x |
| Thu, 04 Jan 2024 | CA$5.6b | CA$4.0b | CA$406.9m | 9.3x | 13.7x | 1.4x |
| Sat, 02 Dec 2023 | CA$5.2b | CA$4.0b | CA$398.8m | 8.7x | 13x | 1.3x |
| Mon, 30 Oct 2023 | CA$4.7b | CA$4.1b | CA$496.5m | 7x | 9.5x | 1.1x |
| Wed, 27 Sep 2023 | CA$4.8b | CA$4.1b | CA$495.5m | 6.9x | 9.7x | 1.2x |
| Fri, 25 Aug 2023 | CA$4.8b | CA$4.1b | CA$485.2m | 7.5x | 9.9x | 1.2x |
| Sun, 23 Jul 2023 | CA$5.1b | CA$4.3b | CA$955.9m | 3.8x | 5.3x | 1.2x |
| Tue, 20 Jun 2023 | CA$5.1b | CA$4.3b | CA$953.9m | 4.8x | 5.3x | 1.2x |
| Thu, 18 May 2023 | CA$5.1b | CA$4.3b | CA$953.3m | 4.7x | 5.4x | 1.2x |
| Sat, 15 Apr 2023 | CA$5.5b | CA$4.5b | CA$1.2b | 5.6x | 4.4x | 1.2x |
| Mon, 13 Mar 2023 | CA$5.8b | CA$4.5b | CA$1.3b | 5.2x | 4.6x | 1.3x |
Price to Earnings Ratio
4.6x
Current Industry PE
- Investors are optimistic on the Canadian Steel industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.1x which is higher than its 3-year average PE of 13.7x.
- The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 53% per year over the last three years,
- Revenues have also declined 48% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Canadian Steel compare with similar industries?
| CA Market | -0.89% | |
| Materials | -3.65% | |
| Metals and Mining | -4.19% | |
| Steel | -0.59% | |
| Aluminum | 0% | 0 |
| Precious Metals and Minerals | -2.00% | |
| Gold | -3.75% | |
| Diversified Metals and Mining | -4.59% | |
| Silver | -4.78% | |
| Copper | -6.97% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| FEO Oceanic Iron Ore | CA$0.92 | 2.2% +CA$5.1m | 441.2% | PE-2.3x | |
| MOX Morien Resources | CA$0.25 | 16.3% +CA$2.1m | -5.7% | PS663.6x | |
| CNT Century Global Commodities | CA$0.045 | 12.5% +CA$591.0k | 50.0% | PS0.4x |