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Canadian (TSX) Steel Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies10
  • 7D1.0%
  • 3M18.1%
  • 1Y13.7%
  • YTDn/a

In the last week, the Steel industry is up 2.5%, with Oceanic Iron Ore up -2.2%. This takes the industry's 12 month performance to a gain of 13%. As for the next few years, earnings are expected to grow by 6.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026CA$3.0bCA$652.5mCA$128.7m9.6x23.6x4.7x
Sat, 17 Jan 2026CA$2.9bCA$652.9mCA$129.0m8.6x22.4x4.4x
Mon, 15 Dec 2025CA$2.7bCA$652.9mCA$129.0m8.1x21.1x4.2x
Wed, 12 Nov 2025CA$2.6bCA$677.1mCA$114.0m6.4x22.7x3.8x
Fri, 10 Oct 2025CA$2.7bCA$675.2mCA$117.3m6.7x22.8x4x
Sun, 07 Sep 2025CA$2.5bCA$699.6mCA$132.4m6.9x19.1x3.6x
Tue, 05 Aug 2025CA$2.4bCA$718.5mCA$162.0m7.9x14.6x3.3x
Thu, 03 Jul 2025CA$2.5bCA$718.5mCA$162.0m7.2x15.1x3.4x
Sat, 31 May 2025CA$2.5bCA$771.2mCA$168.6m5.9x14.7x3.2x
Mon, 28 Apr 2025CA$2.5bCA$799.0mCA$211.1m6.5x11.7x3.1x
Wed, 26 Mar 2025CA$2.6bCA$1.0bCA$164.0m6.5x15.9x2.5x
Fri, 21 Feb 2025CA$2.7bCA$1.0bCA$185.2m6.3x14.6x2.6x
Sun, 19 Jan 2025CA$2.8bCA$1.0bCA$183.8m7x15.1x2.7x
Tue, 17 Dec 2024CA$2.7bCA$1.0bCA$175.8m5.7x15.6x2.6x
Thu, 14 Nov 2024CA$2.7bCA$1.0bCA$221.8m6x12.4x2.6x
Sat, 12 Oct 2024CA$6.7bCA$3.9bCA$415.0m8.1x16.1x1.7x
Mon, 09 Sep 2024CA$6.4bCA$3.9bCA$409.5m9.9x15.5x1.6x
Wed, 07 Aug 2024CA$6.8bCA$4.1bCA$480.1m8.8x14.1x1.7x
Fri, 05 Jul 2024CA$5.0bCA$4.1bCA$480.9m9.6x10.4x1.2x
Sun, 02 Jun 2024CA$5.4bCA$4.0bCA$464.1m9x11.7x1.3x
Tue, 30 Apr 2024CA$5.4bCA$4.0bCA$386.8m11x13.8x1.3x
Thu, 28 Mar 2024CA$5.2bCA$4.0bCA$379.7m9.8x13.8x1.3x
Sat, 24 Feb 2024CA$5.2bCA$4.0bCA$359.0m10.6x14.4x1.3x
Mon, 22 Jan 2024CA$5.4bCA$4.0bCA$407.0m9.4x13.3x1.3x
Wed, 20 Dec 2023CA$5.6bCA$4.0bCA$406.9m8.6x13.8x1.4x
Fri, 17 Nov 2023CA$5.1bCA$4.0bCA$403.8m8.6x12.7x1.3x
Sun, 15 Oct 2023CA$4.5bCA$4.1bCA$495.2m6.5x9.1x1.1x
Tue, 12 Sep 2023CA$4.8bCA$4.1bCA$495.4m7.3x9.8x1.2x
Thu, 10 Aug 2023CA$5.0bCA$4.3bCA$907.4m6x5.5x1.2x
Sat, 08 Jul 2023CA$5.1bCA$4.3bCA$955.7m3.8x5.3x1.2x
Mon, 05 Jun 2023CA$5.0bCA$4.3bCA$952.3m4.8x5.2x1.2x
Wed, 03 May 2023CA$5.1bCA$4.5bCA$1.2b4.7x4.1x1.1x
Fri, 31 Mar 2023CA$5.5bCA$4.5bCA$1.3b5.2x4.3x1.2x
Sun, 26 Feb 2023CA$5.7bCA$4.6bCA$1.4b6.2x4.2x1.3x
Price to Earnings Ratio

4.2x


Total Market Cap: CA$5.7bTotal Earnings: CA$1.4bTotal Revenue: CA$4.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Steel Industry Price to Earnings3Y Average 13.4x202420252026
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 23.3x which is higher than its 3-year average PE of 13.4x.
  • The 3-year average PS ratio of 2.2x 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 Market0.084%
Materials-2.60%
Metals and Mining-2.70%
Steel1.04%
Aluminum0%0
Gold-1.59%
Copper-4.76%
Diversified Metals and Mining-4.96%
Precious Metals and Minerals-6.48%
Silver-6.75%
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
FEO Oceanic Iron OreCA$0.911.1%
+CA$93.4m		378.9%PE-2.3x
CAD Colonial Coal InternationalCA$3.569.5%
+CA$57.0m		125.3%PB32.8x
BKI Black IronCA$0.153.4%
+CA$1.5m		-11.8%PE-16.6x
HTRC High Tide ResourcesCA$0.227.3%
+CA$1.3m		450.0%PE-45.1x

Latest News

FEO
CA$0.91
Oceanic Iron Ore
7D
1.1%
1Y
378.9%
HTRC
CA$0.22
High Tide Resources
7D
7.3%
1Y
450.0%
LIF
CA$30.23
Labrador Iron Ore Royalty
7D
-1.3%
1Y
-1.6%
DRX
CA$9.77
ADF Group
7D
-0.6%
1Y
17.7%
BKI
CA$0.15
Black Iron
7D
3.4%
1Y
-11.8%

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

Nov 06
Will Black Iron (TSE:BKI) Spend Its Cash Wisely?
CAD
CA$3.56
Colonial Coal International
7D
9.5%
1Y
125.3%