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Canadian (TSX) Steel Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies10
  • 7D-6.9%
  • 3M1.3%
  • 1Y8.3%
  • YTDn/a

Over the last 7 days, the Steel industry has dropped 3.9%, driven by Labrador Iron Ore Royalty declining 2.8%. This takes the industry's 12 month performance to a gain of 16%. Earnings are forecast to grow by 6.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026CA$2.9bCA$635.0mCA$117.0m9x24.8x4.6x
Sun, 08 Feb 2026CA$2.9bCA$652.9mCA$129.0m9.4x22.5x4.5x
Tue, 06 Jan 2026CA$2.9bCA$652.9mCA$129.0m9.2x22.4x4.4x
Thu, 04 Dec 2025CA$2.7bCA$661.4mCA$135.0m6.3x19.7x4x
Sat, 01 Nov 2025CA$2.6bCA$675.2mCA$117.2m6.1x22.1x3.8x
Mon, 29 Sep 2025CA$2.6bCA$675.2mCA$117.3m6.9x21.9x3.8x
Wed, 27 Aug 2025CA$2.5bCA$699.6mCA$132.6m7.3x18.6x3.5x
Fri, 25 Jul 2025CA$2.6bCA$718.5mCA$162.0m7.3x15.9x3.6x
Sun, 22 Jun 2025CA$2.5bCA$719.4mCA$162.0m6.7x15.3x3.5x
Tue, 20 May 2025CA$2.5bCA$771.2mCA$173.2m6.4x14.3x3.2x
Thu, 17 Apr 2025CA$2.3bCA$799.0mCA$209.2m6.2x11.2x2.9x
Sat, 15 Mar 2025CA$2.6bCA$1.1bCA$163.5m6.6x15.8x2.5x
Mon, 10 Feb 2025CA$2.7bCA$1.0bCA$184.4m7x14.9x2.6x
Wed, 08 Jan 2025CA$2.7bCA$1.0bCA$184.2m6.6x14.8x2.6x
Fri, 06 Dec 2024CA$2.8bCA$1.0bCA$171.3m5.8x16.3x2.7x
Sun, 03 Nov 2024CA$2.9bCA$1.1bCA$241.4m9.3x11.9x2.7x
Tue, 01 Oct 2024CA$6.6bCA$3.9bCA$415.1m7.9x16x1.7x
Thu, 29 Aug 2024CA$6.6bCA$3.9bCA$433.1m8x15.3x1.7x
Sat, 27 Jul 2024CA$6.7bCA$4.1bCA$481.2m8.9x13.9x1.6x
Mon, 24 Jun 2024CA$5.0bCA$4.1bCA$481.0m9.4x10.3x1.2x
Wed, 22 May 2024CA$5.5bCA$4.1bCA$473.3m10.3x11.6x1.3x
Fri, 19 Apr 2024CA$5.3bCA$4.0bCA$388.0m10.9x13.7x1.3x
Sun, 17 Mar 2024CA$5.1bCA$4.0bCA$379.5m9.8x13.4x1.3x
Tue, 13 Feb 2024CA$5.0bCA$4.0bCA$406.9m9.9x12.4x1.2x
Thu, 11 Jan 2024CA$5.5bCA$4.0bCA$406.9m9.4x13.5x1.4x
Sat, 09 Dec 2023CA$5.1bCA$4.0bCA$407.2m7.7x12.5x1.3x
Mon, 06 Nov 2023CA$4.8bCA$4.1bCA$499.9m6.4x9.5x1.2x
Wed, 04 Oct 2023CA$4.8bCA$4.1bCA$495.2m7x9.6x1.2x
Fri, 01 Sep 2023CA$4.9bCA$4.1bCA$489.9m7.4x10x1.2x
Sun, 30 Jul 2023CA$5.3bCA$4.3bCA$944.4m5.5x5.6x1.2x
Tue, 27 Jun 2023CA$5.0bCA$4.3bCA$955.9m4.9x5.2x1.2x
Thu, 25 May 2023CA$4.9bCA$4.3bCA$953.5m4.5x5.1x1.1x
Sat, 22 Apr 2023CA$5.3bCA$4.5bCA$1.2b5.3x4.3x1.2x
Mon, 20 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 23.1x 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 4.5x.
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-2.19%
Materials-1.60%
Metals and Mining-2.23%
Steel-6.94%
Aluminum0%0
Gold-1.88%
Copper-2.35%
Diversified Metals and Mining-2.74%
Precious Metals and Minerals-4.32%
Silver-4.87%
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
HTRC High Tide ResourcesCA$0.2916.0%
+CA$3.5m		728.6%PE-49.1x
CAF Canaf InvestmentsCA$0.361.4%
+CA$237.1k		24.1%PE7.1x

Latest News

LIF
CA$28.47
Labrador Iron Ore Royalty
7D
-8.2%
1Y
-3.6%
FEO
CA$0.93
Oceanic Iron Ore
7D
1.1%
1Y
447.1%
TSL
CA$2.61
Tree Island Steel
7D
-1.9%
1Y
-9.1%
CAF
CA$0.36
Canaf Investments
7D
1.4%
1Y
24.1%
CNT
CA$0.04
Century Global Commodities
7D
-11.1%
1Y
-11.1%
HTRC
CA$0.29
High Tide Resources
7D
16.0%
1Y
728.6%
DRX
CA$9.14
ADF Group
7D
-8.0%
1Y
20.4%
RXM
CA$0.03
Rockex Mining
7D
-14.3%
1Y
n/a
CAD
CA$2.81
Colonial Coal International
7D
-3.8%
1Y
86.1%