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Canadian (TSX) Steel Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies10
  • 7D0.3%
  • 3M-3.2%
  • 1Y22.9%
  • YTDn/a

The Steel industry is up 1.2% in the last week, with ADF Group up 17%. Meanwhile, Clinch Resources actually underperformed within the industry, shrinking 9.7% in the last week. This means that the industry has gained 24% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

Has the Canadian Steel Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Apr 2026CA$2.9bCA$633.4mCA$117.7m10.9x24.5x4.6x
Thu, 12 Mar 2026CA$2.9bCA$652.0mCA$126.7m9.2x23.1x4.5x
Sat, 07 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.4x22.1x4.4x
Mon, 05 Jan 2026CA$2.8bCA$652.9mCA$129.0m9.3x21.9x4.3x
Wed, 03 Dec 2025CA$2.7bCA$661.4mCA$135.0m6.6x19.7x4x
Fri, 31 Oct 2025CA$2.6bCA$675.2mCA$117.3m6.2x21.9x3.8x
Sun, 28 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.9x21.9x3.8x
Tue, 26 Aug 2025CA$2.5bCA$699.6mCA$132.6m7.4x18.5x3.5x
Thu, 24 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.2x15.4x3.5x
Sat, 21 Jun 2025CA$2.5bCA$719.4mCA$162.0m6.7x15.3x3.5x
Mon, 19 May 2025CA$2.5bCA$771.2mCA$173.2m6.4x14.3x3.2x
Wed, 16 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.1x11.2x2.9x
Fri, 14 Mar 2025CA$2.5bCA$1.0bCA$164.7m6.4x15.5x2.4x
Sun, 09 Feb 2025CA$2.7bCA$1.0bCA$184.4m7x14.9x2.6x
Tue, 07 Jan 2025CA$2.7bCA$1.0bCA$183.9m6.3x14.8x2.6x
Thu, 05 Dec 2024CA$2.8bCA$1.0bCA$171.2m5.8x16.4x2.7x
Sat, 02 Nov 2024CA$6.6bCA$3.9bCA$414.4m10.2x15.9x1.7x
Mon, 30 Sep 2024CA$6.6bCA$3.9bCA$415.1m8.1x16x1.7x
Wed, 28 Aug 2024CA$6.6bCA$3.9bCA$433.1m8.1x15.2x1.7x
Fri, 26 Jul 2024CA$6.6bCA$4.1bCA$481.2m8.8x13.8x1.6x
Sun, 23 Jun 2024CA$5.0bCA$4.1bCA$481.0m9.4x10.3x1.2x
Tue, 21 May 2024CA$5.5bCA$4.1bCA$473.3m10x11.6x1.3x
Thu, 18 Apr 2024CA$5.3bCA$4.0bCA$388.1m10.9x13.6x1.3x
Sat, 16 Mar 2024CA$5.0bCA$4.0bCA$379.5m9.8x13.2x1.3x
Mon, 12 Feb 2024CA$5.0bCA$4.0bCA$406.9m9.8x12.4x1.3x
Wed, 10 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.5x13.5x1.4x
Fri, 08 Dec 2023CA$5.1bCA$4.0bCA$407.2m7.4x12.6x1.3x
Sun, 05 Nov 2023CA$4.8bCA$4.1bCA$499.8m6.4x9.5x1.2x
Tue, 03 Oct 2023CA$4.9bCA$4.1bCA$495.2m7x9.8x1.2x
Thu, 31 Aug 2023CA$4.9bCA$4.1bCA$489.9m7.5x10x1.2x
Sat, 29 Jul 2023CA$5.3bCA$4.3bCA$944.4m5.5x5.6x1.2x
Mon, 26 Jun 2023CA$4.9bCA$4.3bCA$955.8m4.9x5.1x1.1x
Wed, 24 May 2023CA$4.9bCA$4.3bCA$953.7m4.7x5.2x1.1x
Fri, 21 Apr 2023CA$5.4bCA$4.5bCA$1.2b5.3x4.4x1.2x
Price to Earnings Ratio

4.4x


Total Market Cap: CA$5.4bTotal Earnings: CA$1.2bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 14.4x202420252026
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 24.5x which is higher than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 2.4x 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 54% 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 Market2.40%
Materials4.70%
Metals and Mining5.26%
Steel0.29%
Copper8.83%
Diversified Metals and Mining7.72%
Gold4.59%
Precious Metals and Minerals3.78%
Silver0.45%
Aluminum0%0
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
DRX ADF GroupCA$11.0917.0%
+CA$46.0m		107.7%PE10.9x
HTRC High Tide ResourcesCA$0.4011.1%
+CA$4.8m		788.9%PE-94.1x
TSL Tree Island SteelCA$2.601.2%
+CA$776.9k		3.6%PS0.4x

Latest News

LIF
CA$29.36
Labrador Iron Ore Royalty
7D
-0.8%
1Y
5.3%
DRX
CA$11.09
ADF Group
7D
17.0%
1Y
107.7%
BKI
CA$0.095
Black Iron
7D
-5.0%
1Y
0%
HTRC
CA$0.40
High Tide Resources
7D
11.1%
1Y
788.9%
TSL
CA$2.60
Tree Island Steel
7D
1.2%
1Y
3.6%
FEO
CA$0.82
Oceanic Iron Ore
7D
-2.4%
1Y
355.6%
CAD
CA$2.64
Colonial Coal International
7D
-5.0%
1Y
87.2%