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Canadian (TSX) Steel Industry Analysis

UpdatedMar 09, 2026
DataAggregated Company Financials
Companies10
  • 7D-4.0%
  • 3M8.5%
  • 1Y11.1%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 4.0%, driven by a pullback from Labrador Iron Ore Royalty of 4.5%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 6.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Mar 2026CA$2.9bCA$652.0mCA$126.7m9.4x22.9x4.4x
Thu, 05 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.2x22.6x4.5x
Sat, 03 Jan 2026CA$2.8bCA$652.9mCA$129.0m9.3x21.9x4.3x
Mon, 01 Dec 2025CA$2.7bCA$661.4mCA$135.0m6.6x19.7x4x
Wed, 29 Oct 2025CA$2.5bCA$675.2mCA$117.3m6.2x21.7x3.8x
Fri, 26 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.8x21.8x3.8x
Sun, 24 Aug 2025CA$2.5bCA$699.6mCA$137.9m7.4x17.8x3.5x
Tue, 22 Jul 2025CA$2.4bCA$718.5mCA$162.0m7.1x14.9x3.4x
Thu, 19 Jun 2025CA$2.5bCA$719.4mCA$162.0m7.4x15.3x3.5x
Sat, 17 May 2025CA$2.5bCA$771.2mCA$173.2m6.4x14.3x3.2x
Mon, 14 Apr 2025CA$2.3bCA$799.0mCA$209.2m5.9x11x2.9x
Wed, 12 Mar 2025CA$2.6bCA$1.0bCA$184.3m6.7x14.3x2.5x
Fri, 07 Feb 2025CA$2.7bCA$1.0bCA$184.2m7x14.8x2.6x
Sun, 05 Jan 2025CA$2.7bCA$1.0bCA$183.9m6.1x14.8x2.6x
Tue, 03 Dec 2024CA$2.8bCA$1.0bCA$171.3m5.8x16.1x2.7x
Thu, 31 Oct 2024CA$6.6bCA$3.9bCA$414.5m7.8x16x1.7x
Sat, 28 Sep 2024CA$6.7bCA$3.9bCA$415.1m8.1x16.1x1.7x
Mon, 26 Aug 2024CA$6.6bCA$3.9bCA$433.2m8.2x15.1x1.7x
Wed, 24 Jul 2024CA$6.7bCA$4.1bCA$481.1m9x14x1.7x
Fri, 21 Jun 2024CA$5.1bCA$4.1bCA$481.0m9.9x10.6x1.3x
Sun, 19 May 2024CA$5.5bCA$4.1bCA$473.3m10x11.6x1.3x
Tue, 16 Apr 2024CA$5.3bCA$4.0bCA$388.1m10.6x13.7x1.3x
Thu, 14 Mar 2024CA$5.1bCA$4.0bCA$380.5m10.1x13.5x1.3x
Sat, 10 Feb 2024CA$5.0bCA$4.0bCA$406.9m9.8x12.4x1.3x
Mon, 08 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.2x13.5x1.4x
Wed, 06 Dec 2023CA$5.3bCA$4.0bCA$398.9m8.5x13.2x1.3x
Fri, 03 Nov 2023CA$4.8bCA$4.1bCA$529.6m6.5x9x1.2x
Sun, 01 Oct 2023CA$4.9bCA$4.1bCA$495.2m7.2x9.8x1.2x
Tue, 29 Aug 2023CA$4.8bCA$4.1bCA$485.3m7.4x9.9x1.2x
Thu, 27 Jul 2023CA$5.3bCA$4.3bCA$955.9m3.8x5.6x1.2x
Sat, 24 Jun 2023CA$4.9bCA$4.3bCA$955.8m4.9x5.1x1.1x
Mon, 22 May 2023CA$5.0bCA$4.3bCA$953.7m4.7x5.3x1.2x
Wed, 19 Apr 2023CA$5.6bCA$4.5bCA$1.2b5.6x4.5x1.2x
Fri, 17 Mar 2023CA$5.6bCA$4.5bCA$1.3b5.1x4.4x1.2x
Price to Earnings Ratio

4.4x


Total Market Cap: CA$5.6bTotal Earnings: CA$1.3bTotal Revenue: CA$4.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.8x202420252026
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 22.9x which is higher than its 3-year average PE of 13.8x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 4.4x.
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 Market-3.75%
Materials-10.96%
Metals and Mining-11.87%
Steel-4.00%
Aluminum0%0
Gold-10.71%
Precious Metals and Minerals-11.13%
Diversified Metals and Mining-12.06%
Silver-17.11%
Copper-18.26%
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
CAD Colonial Coal InternationalCA$2.951.4%
+CA$7.4m		89.1%PB25.7x

Latest News

FEO
CA$0.93
Oceanic Iron Ore
7D
-10.6%
1Y
376.9%
TSL
CA$2.60
Tree Island Steel
7D
-1.9%
1Y
-8.8%
LIF
CA$30.32
Labrador Iron Ore Royalty
7D
-4.6%
1Y
0.7%
CAF
CA$0.35
Canaf Investments
7D
-5.3%
1Y
22.4%
CNT
CA$0.04
Century Global Commodities
7D
-11.1%
1Y
14.3%
DRX
CA$9.42
ADF Group
7D
-11.8%
1Y
22.5%
MOX
CA$0.23
Morien Resources
7D
-4.3%
1Y
-25.0%
BKI
CA$0.12
Black Iron
7D
-8.0%
1Y
-25.8%

Will Black Iron (TSE:BKI) Spend Its Cash Wisely?

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$2.95
Colonial Coal International
7D
1.4%
1Y
89.1%