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Canadian (TSX) Steel Industry Analysis
UpdatedApr 21, 2026
DataAggregated Company Financials
Companies10
- 7D-4.6%
- 3M-5.1%
- 1Y18.2%
- YTDn/a
Over the last 7 days, the Steel industry has dropped 4.6%, driven by declines in ADF Group and Labrador Iron Ore Royalty of 16% and 2.2%, respectively. This takes the industry's 12 month performance to a gain of 18%. Looking forward, earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Tue, 21 Apr 2026 | CA$2.8b | CA$634.8m | CA$114.8m | 10.1x | 24x | 4.3x |
| Thu, 19 Mar 2026 | CA$2.8b | CA$635.6m | CA$117.8m | 8.8x | 23.6x | 4.4x |
| Sat, 14 Feb 2026 | CA$3.0b | CA$652.5m | CA$128.7m | 9.6x | 23.4x | 4.6x |
| Mon, 12 Jan 2026 | CA$3.0b | CA$652.9m | CA$129.0m | 9x | 23x | 4.5x |
| Wed, 10 Dec 2025 | CA$2.7b | CA$661.4m | CA$135.1m | 6.5x | 19.9x | 4.1x |
| Fri, 07 Nov 2025 | CA$2.6b | CA$676.5m | CA$114.0m | 6x | 22.6x | 3.8x |
| Sun, 05 Oct 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.8x | 22.1x | 3.8x |
| Tue, 02 Sep 2025 | CA$2.5b | CA$699.6m | CA$132.4m | 6.9x | 18.6x | 3.5x |
| Thu, 31 Jul 2025 | CA$2.5b | CA$718.5m | CA$162.0m | 7.7x | 15.2x | 3.4x |
| Sat, 28 Jun 2025 | CA$2.5b | CA$718.6m | CA$162.1m | 6.9x | 15.3x | 3.4x |
| Mon, 26 May 2025 | CA$2.5b | CA$771.2m | CA$173.3m | 6.2x | 14.3x | 3.2x |
| Wed, 23 Apr 2025 | CA$2.3b | CA$799.0m | CA$209.2m | 6.2x | 11.1x | 2.9x |
| Fri, 21 Mar 2025 | CA$2.6b | CA$1.0b | CA$163.6m | 6.6x | 16.1x | 2.5x |
| Sun, 16 Feb 2025 | CA$2.7b | CA$1.0b | CA$185.3m | 6.4x | 14.8x | 2.6x |
| Tue, 14 Jan 2025 | CA$2.7b | CA$1.0b | CA$183.9m | 6.9x | 14.7x | 2.6x |
| Thu, 12 Dec 2024 | CA$2.8b | CA$1.0b | CA$170.9m | 5.8x | 16.3x | 2.7x |
| Sat, 09 Nov 2024 | CA$2.9b | CA$1.1b | CA$221.8m | 6.3x | 13.1x | 2.8x |
| Mon, 07 Oct 2024 | CA$6.7b | CA$3.9b | CA$415.1m | 7.9x | 16.1x | 1.7x |
| Wed, 04 Sep 2024 | CA$6.6b | CA$3.9b | CA$409.5m | 8.5x | 16.2x | 1.7x |
| Fri, 02 Aug 2024 | CA$6.8b | CA$4.1b | CA$481.3m | 9.1x | 14.2x | 1.7x |
| Sun, 30 Jun 2024 | CA$5.0b | CA$4.1b | CA$481.0m | 9.6x | 10.4x | 1.2x |
| Tue, 28 May 2024 | CA$5.5b | CA$4.1b | CA$473.3m | 10.1x | 11.7x | 1.4x |
| Thu, 25 Apr 2024 | CA$5.2b | CA$4.0b | CA$387.9m | 10.8x | 13.5x | 1.3x |
| Sat, 23 Mar 2024 | CA$5.2b | CA$4.0b | CA$379.7m | 9.6x | 13.7x | 1.3x |
| Mon, 19 Feb 2024 | CA$5.1b | CA$4.0b | CA$407.0m | 10.3x | 12.6x | 1.3x |
| Wed, 17 Jan 2024 | CA$5.5b | CA$4.0b | CA$407.1m | 9.4x | 13.6x | 1.4x |
| Fri, 15 Dec 2023 | CA$5.4b | CA$4.0b | CA$406.9m | 8.2x | 13.3x | 1.3x |
| Sun, 12 Nov 2023 | CA$5.0b | CA$4.0b | CA$403.9m | 8.6x | 12.3x | 1.2x |
| Tue, 10 Oct 2023 | CA$4.8b | CA$4.1b | CA$495.2m | 7.1x | 9.6x | 1.2x |
| Thu, 07 Sep 2023 | CA$4.9b | CA$4.1b | CA$490.2m | 7.5x | 10x | 1.2x |
| Sat, 05 Aug 2023 | CA$5.0b | CA$4.3b | CA$907.5m | 5.9x | 5.6x | 1.2x |
| Mon, 03 Jul 2023 | CA$5.0b | CA$4.3b | CA$955.8m | 3.8x | 5.3x | 1.2x |
| Wed, 31 May 2023 | CA$5.0b | CA$4.3b | CA$953.8m | 4.3x | 5.2x | 1.2x |
| Fri, 28 Apr 2023 | CA$5.2b | CA$4.5b | CA$1.2b | 5.2x | 4.2x | 1.2x |
Price to Earnings Ratio
4.2x
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 24.0x which is higher than its 3-year average PE of 14.6x.
- The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 55% 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 | 1.15% | |
| Materials | 0.84% | |
| Metals and Mining | 1.37% | |
| Steel | -4.61% | |
| Diversified Metals and Mining | 4.53% | |
| Silver | 4.48% | |
| Precious Metals and Minerals | 4.11% | |
| Copper | 1.42% | |
| Gold | 0.46% | |
| Aluminum | 0% | 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TSL Tree Island Steel | CA$2.53 | 1.2% +CA$727.3k | 1.2% | PS0.4x | |
| CAF Canaf Investments | CA$0.34 | 1.5% +CA$237.1k | 6.3% | PE7x |