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Canadian (TSX) Steel Industry Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies11
  • 7D0.06%
  • 3M3.3%
  • 1Y-11.0%
  • YTDn/a

The Steel industry has been flat over the last week, but ADF Group has lost 16%. Unfortunately though, the industry is down 11% over the past 12 months. As for the next few years, earnings are expected to grow by 8.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025CA$2.6bCA$677.7mCA$117.3m7.1x21.9x3.8x
Wed, 13 Aug 2025CA$2.4bCA$699.2mCA$137.8m7.4x17.2x3.4x
Fri, 11 Jul 2025CA$2.4bCA$718.5mCA$162.0m6.9x14.6x3.3x
Sun, 08 Jun 2025CA$2.5bCA$771.2mCA$168.5m6.4x14.8x3.2x
Tue, 06 May 2025CA$2.5bCA$799.0mCA$211.1m5.9x12x3.2x
Thu, 03 Apr 2025CA$2.6bCA$810.0mCA$210.5m6.3x12.2x3.2x
Sat, 01 Mar 2025CA$2.7bCA$1.0bCA$184.4m6.2x14.6x2.6x
Mon, 27 Jan 2025CA$2.8bCA$1.0bCA$184.2m7.7x15.1x2.7x
Wed, 25 Dec 2024CA$2.8bCA$1.0bCA$175.4m5.8x15.7x2.6x
Fri, 22 Nov 2024CA$2.8bCA$1.0bCA$222.1m5.7x12.4x2.6x
Sun, 20 Oct 2024CA$6.6bCA$3.9bCA$414.9m7.7x15.9x1.7x
Tue, 17 Sep 2024CA$6.5bCA$3.9bCA$422.0m8.2x15.4x1.7x
Thu, 15 Aug 2024CA$6.6bCA$3.9bCA$436.5m9x15.2x1.7x
Sat, 13 Jul 2024CA$5.1bCA$4.1bCA$481.0m9.5x10.5x1.2x
Mon, 10 Jun 2024CA$5.2bCA$4.0bCA$471.4m9.5x11.1x1.3x
Wed, 08 May 2024CA$5.3bCA$4.0bCA$383.8m11.6x13.8x1.3x
Fri, 05 Apr 2024CA$5.3bCA$4.0bCA$379.7m10.1x13.9x1.3x
Sun, 03 Mar 2024CA$5.1bCA$4.0bCA$359.7m10.8x14.2x1.3x
Tue, 30 Jan 2024CA$5.4bCA$4.0bCA$406.9m9.7x13.3x1.3x
Thu, 28 Dec 2023CA$5.6bCA$4.0bCA$406.7m9.2x13.9x1.4x
Sat, 25 Nov 2023CA$5.0bCA$4.0bCA$405.4m9.3x12.4x1.3x
Mon, 23 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.4x9.1x1.1x
Wed, 20 Sep 2023CA$4.9bCA$4.1bCA$495.6m7x9.9x1.2x
Fri, 18 Aug 2023CA$4.8bCA$4.1bCA$485.1m7.6x10x1.2x
Sun, 16 Jul 2023CA$5.2bCA$4.3bCA$955.9m3.8x5.4x1.2x
Tue, 13 Jun 2023CA$5.0bCA$4.3bCA$953.5m4.8x5.2x1.2x
Thu, 11 May 2023CA$5.1bCA$4.5bCA$1.2b5x4.1x1.1x
Sat, 08 Apr 2023CA$5.4bCA$4.5bCA$1.3b5.2x4.2x1.2x
Mon, 06 Mar 2023CA$6.4bCA$4.6bCA$1.3b5.1x4.9x1.4x
Wed, 01 Feb 2023CA$5.9bCA$5.1bCA$1.9b6.6x3.2x1.2x
Fri, 30 Dec 2022CA$5.3bCA$5.1bCA$1.9b5.4x2.8x1x
Sun, 27 Nov 2022CA$5.0bCA$5.1bCA$1.9b3.7x2.7x1x
Tue, 25 Oct 2022CA$4.7bCA$5.6bCA$2.3b3.7x2x0.8x
Thu, 22 Sep 2022CA$4.7bCA$5.6bCA$2.3b3.5x2x0.8x
Price to Earnings Ratio

2x


Total Market Cap: CA$4.7bTotal Earnings: CA$2.3bTotal Revenue: CA$5.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 10.7x202320242025
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 21.9x which is higher than its 3-year average PE of 10.7x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 63% per year over the last three years,
  • Revenues have also declined 51% 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 Market1.06%
Materials2.86%
Metals and Mining3.29%
Steel0.055%
Silver7.80%
Diversified Metals and Mining7.33%
Copper4.36%
Precious Metals and Minerals4.04%
Gold2.19%
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
LIF Labrador Iron Ore RoyaltyCA$28.322.3%
+CA$41.6m		-6.7%PE16x
FEO Oceanic Iron OreCA$0.9413.3%
+CA$15.8m		840.0%PB5.1x
HTRC High Tide ResourcesCA$0.09526.7%
+CA$1.7m		375.0%PE-19.8x
TSL Tree Island SteelCA$2.611.2%
+CA$778.7k		0.8%PS0.4x
RXM Rockex MiningCA$0.02525.0%
+CA$668.4k		150.0%PE-3.5x

Latest News

TSL
CA$2.61
Tree Island Steel
7D
1.2%
1Y
0.8%
DRX
CA$8.28
ADF Group
7D
-15.9%
1Y
-34.1%
LIF
CA$28.32
Labrador Iron Ore Royalty
7D
2.3%
1Y
-6.7%
MOX
CA$0.27
Morien Resources
7D
-5.4%
1Y
-5.4%
RXM
CA$0.025
Rockex Mining
7D
25.0%
1Y
150.0%
FEO
CA$0.94
Oceanic Iron Ore
7D
13.3%
1Y
840.0%
HTRC
CA$0.095
High Tide Resources
7D
26.7%
1Y
375.0%
BKI
CA$0.12
Black Iron
7D
-4.2%
1Y
170.6%

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CAF
CA$0.35
Canaf Investments
7D
-9.1%
1Y
40.0%

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