A Piece Of The Puzzle Missing From ADF Group Inc.'s (TSE:DRX) 25% Share Price Climb
Dec 21
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Canadian (TSX) Steel Industry Analysis
UpdatedJan 15, 2026
DataAggregated Company Financials
Companies10
- 7D1.1%
- 3M19.1%
- 1Y12.7%
- YTDn/a
In the last week, the Steel industry is up 1.1%, with Labrador Iron Ore Royalty up 2.8%. During this same period, the ADF Group underperformed, falling 5.2%. This means that the industry has gained 13% over the past year. Looking forward, earnings are forecast to grow by 8.3% 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 |
|---|---|---|---|---|---|---|
| Thu, 15 Jan 2026 | CA$2.9b | CA$652.9m | CA$129.0m | 8.5x | 22.8x | 4.5x |
| Sat, 13 Dec 2025 | CA$2.7b | CA$652.9m | CA$129.0m | 8.1x | 21x | 4.2x |
| Mon, 10 Nov 2025 | CA$2.6b | CA$677.1m | CA$114.0m | 6x | 22.7x | 3.8x |
| Wed, 08 Oct 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.8x | 22.3x | 3.9x |
| Fri, 05 Sep 2025 | CA$2.5b | CA$699.6m | CA$132.4m | 6.8x | 18.9x | 3.6x |
| Sun, 03 Aug 2025 | CA$2.4b | CA$718.5m | CA$162.0m | 7.9x | 14.6x | 3.3x |
| Tue, 01 Jul 2025 | CA$2.5b | CA$718.5m | CA$162.0m | 7.3x | 15.2x | 3.4x |
| Thu, 29 May 2025 | CA$2.5b | CA$771.2m | CA$168.6m | 6.3x | 14.8x | 3.2x |
| Sat, 26 Apr 2025 | CA$2.5b | CA$799.0m | CA$209.2m | 6.5x | 11.8x | 3.1x |
| Mon, 24 Mar 2025 | CA$2.6b | CA$1.0b | CA$163.6m | 6.5x | 15.9x | 2.5x |
| Wed, 19 Feb 2025 | CA$2.7b | CA$1.0b | CA$185.2m | 6.6x | 14.8x | 2.6x |
| Fri, 17 Jan 2025 | CA$2.7b | CA$1.0b | CA$184.1m | 6.8x | 14.5x | 2.6x |
| Sun, 15 Dec 2024 | CA$2.7b | CA$1.0b | CA$175.9m | 5.9x | 15.6x | 2.6x |
| Tue, 12 Nov 2024 | CA$2.8b | CA$1.0b | CA$221.8m | 5.9x | 12.7x | 2.7x |
| Thu, 10 Oct 2024 | CA$6.6b | CA$3.9b | CA$415.0m | 8.1x | 16x | 1.7x |
| Sat, 07 Sep 2024 | CA$6.4b | CA$3.9b | CA$409.5m | 9.9x | 15.5x | 1.6x |
| Mon, 05 Aug 2024 | CA$6.8b | CA$4.1b | CA$480.2m | 8.9x | 14.1x | 1.7x |
| Wed, 03 Jul 2024 | CA$5.0b | CA$4.1b | CA$481.0m | 9.5x | 10.4x | 1.2x |
| Fri, 31 May 2024 | CA$5.4b | CA$4.0b | CA$464.1m | 8.9x | 11.6x | 1.3x |
| Sun, 28 Apr 2024 | CA$5.4b | CA$4.0b | CA$386.8m | 10.9x | 13.8x | 1.3x |
| Tue, 26 Mar 2024 | CA$5.2b | CA$4.0b | CA$379.8m | 9.5x | 13.7x | 1.3x |
| Thu, 22 Feb 2024 | CA$5.1b | CA$4.0b | CA$407.0m | 10.2x | 12.5x | 1.3x |
| Sat, 20 Jan 2024 | CA$5.4b | CA$4.0b | CA$407.0m | 9.4x | 13.3x | 1.3x |
| Mon, 18 Dec 2023 | CA$5.5b | CA$4.0b | CA$406.9m | 8.3x | 13.5x | 1.4x |
| Wed, 15 Nov 2023 | CA$5.0b | CA$4.0b | CA$403.7m | 8.7x | 12.4x | 1.2x |
| Fri, 13 Oct 2023 | CA$4.7b | CA$4.1b | CA$495.2m | 6.5x | 9.4x | 1.1x |
| Sun, 10 Sep 2023 | CA$4.8b | CA$4.1b | CA$495.3m | 7.3x | 9.7x | 1.2x |
| Tue, 08 Aug 2023 | CA$5.0b | CA$4.3b | CA$907.5m | 5.9x | 5.6x | 1.2x |
| Thu, 06 Jul 2023 | CA$5.0b | CA$4.3b | CA$955.7m | 3.8x | 5.3x | 1.2x |
| Sat, 03 Jun 2023 | CA$5.0b | CA$4.3b | CA$952.3m | 4.8x | 5.2x | 1.2x |
| Mon, 01 May 2023 | CA$5.2b | CA$4.5b | CA$1.2b | 4.8x | 4.2x | 1.1x |
| Wed, 29 Mar 2023 | CA$5.4b | CA$4.5b | CA$1.3b | 5x | 4.2x | 1.2x |
| Fri, 24 Feb 2023 | CA$5.8b | CA$4.6b | CA$1.4b | 6.2x | 4.2x | 1.3x |
| Sun, 22 Jan 2023 | CA$5.8b | CA$5.1b | CA$1.9b | 6x | 3.1x | 1.1x |
Price to Earnings Ratio
3.1x
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 22.8x which is higher than its 3-year average PE of 12.8x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Steel industry have declined 59% per year over the last three years,
- Revenues have also declined 49% 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 | 2.82% | |
| Materials | 6.81% | |
| Metals and Mining | 6.72% | |
| Steel | 1.05% | |
| Silver | 9.37% | |
| Copper | 8.29% | |
| Gold | 6.58% | |
| Diversified Metals and Mining | 6.08% | |
| Precious Metals and Minerals | 4.20% | |
| 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 | |
|---|---|---|---|---|---|
| LIF Labrador Iron Ore Royalty | CA$31.85 | 2.8% +CA$55.0m | 6.6% | PE18.5x | |
| HTRC High Tide Resources | CA$0.23 | 15.4% +CA$2.6m | 650.0% | PE-45.7x |
