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Canadian (TSX) Steel Industry Analysis
UpdatedApr 15, 2026
DataAggregated Company Financials
Companies10
- 7D0.9%
- 3M-2.9%
- 1Y24.0%
- YTDn/a
Last week, the Steel industry hasn't moved much but ADF Group is up 10.0% in that time. As for the the longer term, the industry is up 24% over the past 12 months. Looking forward, earnings are forecast to grow by 25% 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, 16 Apr 2026 | CA$2.9b | CA$633.4m | CA$117.5m | 11.1x | 24.4x | 4.5x |
| Sat, 14 Mar 2026 | CA$2.8b | CA$635.0m | CA$117.0m | 8.6x | 23.7x | 4.4x |
| Mon, 09 Feb 2026 | CA$2.9b | CA$652.9m | CA$129.0m | 9.4x | 22.5x | 4.5x |
| Wed, 07 Jan 2026 | CA$2.9b | CA$652.9m | CA$129.0m | 9x | 22.4x | 4.4x |
| Fri, 05 Dec 2025 | CA$2.7b | CA$661.4m | CA$135.0m | 6.4x | 20.1x | 4.1x |
| Sun, 02 Nov 2025 | CA$2.6b | CA$675.2m | CA$117.2m | 6.1x | 22.2x | 3.8x |
| Tue, 30 Sep 2025 | CA$2.6b | CA$675.2m | CA$117.3m | 6.8x | 21.9x | 3.8x |
| Thu, 28 Aug 2025 | CA$2.5b | CA$699.6m | CA$132.6m | 7.3x | 18.7x | 3.5x |
| Sat, 26 Jul 2025 | CA$2.5b | CA$718.5m | CA$162.0m | 7.5x | 15.7x | 3.5x |
| Mon, 23 Jun 2025 | CA$2.5b | CA$719.4m | CA$162.0m | 6.7x | 15.3x | 3.4x |
| Wed, 21 May 2025 | CA$2.5b | CA$771.2m | CA$173.2m | 6.7x | 14.3x | 3.2x |
| Fri, 18 Apr 2025 | CA$2.3b | CA$799.0m | CA$209.2m | 6.2x | 11.1x | 2.9x |
| Sun, 16 Mar 2025 | CA$2.6b | CA$1.0b | CA$163.5m | 6.6x | 16x | 2.5x |
| Tue, 11 Feb 2025 | CA$2.7b | CA$1.0b | CA$184.3m | 7x | 14.9x | 2.6x |
| Thu, 09 Jan 2025 | CA$2.7b | CA$1.0b | CA$184.2m | 6.8x | 14.8x | 2.6x |
| Sat, 07 Dec 2024 | CA$2.8b | CA$1.0b | CA$170.9m | 5.8x | 16.3x | 2.7x |
| Mon, 04 Nov 2024 | CA$2.9b | CA$1.1b | CA$241.4m | 9.3x | 11.9x | 2.7x |
| Wed, 02 Oct 2024 | CA$6.6b | CA$3.9b | CA$415.1m | 8x | 16x | 1.7x |
| Fri, 30 Aug 2024 | CA$6.6b | CA$3.9b | CA$409.6m | 8.7x | 16.1x | 1.7x |
| Sun, 28 Jul 2024 | CA$6.7b | CA$4.1b | CA$481.2m | 8.9x | 14x | 1.7x |
| Tue, 25 Jun 2024 | CA$5.0b | CA$4.1b | CA$480.9m | 9.8x | 10.3x | 1.2x |
| Thu, 23 May 2024 | CA$5.7b | CA$4.1b | CA$473.4m | 10.1x | 11.9x | 1.4x |
| Sat, 20 Apr 2024 | CA$5.3b | CA$4.0b | CA$388.0m | 10.9x | 13.7x | 1.3x |
| Mon, 18 Mar 2024 | CA$5.1b | CA$4.0b | CA$379.5m | 9.8x | 13.4x | 1.3x |
| Wed, 14 Feb 2024 | CA$5.0b | CA$4.0b | CA$407.1m | 10x | 12.2x | 1.2x |
| Fri, 12 Jan 2024 | CA$5.5b | CA$4.0b | CA$406.9m | 9.4x | 13.5x | 1.4x |
| Sun, 10 Dec 2023 | CA$5.2b | CA$4.0b | CA$407.2m | 7.7x | 12.7x | 1.3x |
| Tue, 07 Nov 2023 | CA$4.8b | CA$4.1b | CA$499.9m | 6.4x | 9.5x | 1.2x |
| Thu, 05 Oct 2023 | CA$4.8b | CA$4.1b | CA$495.2m | 7x | 9.6x | 1.2x |
| Sat, 02 Sep 2023 | CA$5.0b | CA$4.1b | CA$489.8m | 7.6x | 10.1x | 1.2x |
| Mon, 31 Jul 2023 | CA$5.3b | CA$4.3b | CA$944.4m | 5.5x | 5.6x | 1.2x |
| Wed, 28 Jun 2023 | CA$5.0b | CA$4.3b | CA$955.8m | 4.9x | 5.2x | 1.2x |
| Fri, 26 May 2023 | CA$4.9b | CA$4.3b | CA$953.5m | 4.5x | 5.1x | 1.1x |
| Sun, 23 Apr 2023 | CA$5.3b | CA$4.5b | CA$1.2b | 5.3x | 4.3x | 1.2x |
Price to Earnings Ratio
4.3x
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 24.4x which is higher than its 3-year average PE of 14.5x.
- The 3-year average PS ratio of 2.4x 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 55% 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 | 2.81% | |
| Materials | 5.95% | |
| Metals and Mining | 6.85% | |
| Steel | 0.87% | |
| Diversified Metals and Mining | 12.50% | |
| Copper | 11.17% | |
| Precious Metals and Minerals | 7.86% | |
| Silver | 5.57% | |
| Gold | 5.17% | |
| 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 | |
|---|---|---|---|---|---|
| DRX ADF Group | CA$10.71 | 10.0% +CA$27.7m | 86.3% | PE10.5x | |
| MOX Morien Resources | CA$0.22 | 2.3% +CA$300.9k | -15.4% | PS583.9x |