Canfor Corporation's (TSE:CFP) P/S Still Appears To Be Reasonable
Jan 03
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Canadian (TSX) Paper and Forestry Products Industry Analysis
UpdatedJan 07, 2026
DataAggregated Company Financials
Companies12
- 7D4.9%
- 3M-2.9%
- 1Y-18.4%
- YTD2.0%
The Paper and Forestry Products industry is up 3.7% in the last week, with West Fraser Timber up 5.0%. In the past year, the industry is down 19%. Looking forward, earnings are forecast to grow by 34% annually.
Industry Valuation and Performance
Has the Canadian Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 07 Jan 2026 | CA$14.3b | CA$22.3b | -CA$934,335,821.00 | 17x | -15.3x | 0.6x |
| Fri, 05 Dec 2025 | CA$14.0b | CA$22.4b | -CA$938,016,141.00 | 16.5x | -15x | 0.6x |
| Sun, 02 Nov 2025 | CA$13.7b | CA$22.3b | -CA$1,065,002,663.00 | 17.5x | -12.8x | 0.6x |
| Tue, 30 Sep 2025 | CA$14.3b | CA$22.5b | -CA$893,285,343.00 | 21.5x | -16x | 0.6x |
| Thu, 28 Aug 2025 | CA$15.3b | CA$22.4b | -CA$890,200,979.00 | 22.8x | -17.2x | 0.7x |
| Sat, 26 Jul 2025 | CA$15.2b | CA$22.4b | -CA$941,405,923.00 | 15.1x | -16.1x | 0.7x |
| Mon, 23 Jun 2025 | CA$15.2b | CA$22.7b | -CA$766,046,908.00 | 16.6x | -19.9x | 0.7x |
| Wed, 21 May 2025 | CA$15.6b | CA$22.8b | -CA$766,159,153.00 | 16.7x | -20.4x | 0.7x |
| Fri, 18 Apr 2025 | CA$14.7b | CA$23.0b | -CA$893,910,974.00 | 13.9x | -16.5x | 0.6x |
| Sun, 16 Mar 2025 | CA$15.9b | CA$23.3b | -CA$894,172,474.00 | 14.3x | -17.7x | 0.7x |
| Tue, 11 Feb 2025 | CA$17.0b | CA$23.6b | -CA$1,211,547,187.00 | 12.1x | -14x | 0.7x |
| Thu, 09 Jan 2025 | CA$17.7b | CA$23.7b | -CA$1,212,247,027.00 | 12x | -14.6x | 0.7x |
| Sat, 07 Dec 2024 | CA$18.8b | CA$23.5b | -CA$1,210,015,987.00 | 12.9x | -15.5x | 0.8x |
| Mon, 04 Nov 2024 | CA$19.1b | CA$23.5b | -CA$1,118,404,651.00 | 12.5x | -17.1x | 0.8x |
| Wed, 02 Oct 2024 | CA$19.5b | CA$23.7b | -CA$337,202,011.00 | 14.2x | -57.9x | 0.8x |
| Fri, 30 Aug 2024 | CA$17.9b | CA$23.7b | -CA$337,294,811.00 | 14.3x | -53.2x | 0.8x |
| Sun, 28 Jul 2024 | CA$18.8b | CA$23.9b | -CA$293,938,643.00 | 15.8x | -63.8x | 0.8x |
| Tue, 25 Jun 2024 | CA$16.9b | CA$23.8b | -CA$492,174,724.00 | 12.1x | -34.4x | 0.7x |
| Thu, 23 May 2024 | CA$17.7b | CA$23.8b | -CA$490,907,088.00 | 12.1x | -36x | 0.7x |
| Sat, 20 Apr 2024 | CA$16.9b | CA$23.8b | -CA$689,418,133.00 | 12x | -24.5x | 0.7x |
| Mon, 18 Mar 2024 | CA$17.1b | CA$23.7b | -CA$680,533,573.00 | 11.4x | -25.1x | 0.7x |
| Wed, 14 Feb 2024 | CA$17.0b | CA$24.0b | -CA$772,447,134.00 | 12.4x | -22x | 0.7x |
| Fri, 12 Jan 2024 | CA$18.6b | CA$23.9b | -CA$663,357,664.00 | 11.2x | -28x | 0.8x |
| Sun, 10 Dec 2023 | CA$16.9b | CA$24.1b | -CA$665,384,244.00 | 10.1x | -25.4x | 0.7x |
| Tue, 07 Nov 2023 | CA$16.7b | CA$24.2b | -CA$692,933,010.00 | 10.3x | -24.1x | 0.7x |
| Thu, 05 Oct 2023 | CA$16.1b | CA$25.4b | -CA$408,265,250.00 | 10.6x | -39.3x | 0.6x |
| Sat, 02 Sep 2023 | CA$17.1b | CA$25.3b | -CA$407,566,750.00 | 10.4x | -42.1x | 0.7x |
| Mon, 31 Jul 2023 | CA$18.3b | CA$25.8b | -CA$13,804,137.00 | 9.4x | -1325.2x | 0.7x |
| Wed, 28 Jun 2023 | CA$17.8b | CA$28.2b | CA$1.6b | 8.7x | 11.1x | 0.6x |
| Fri, 26 May 2023 | CA$16.3b | CA$28.5b | CA$1.6b | 9.3x | 9.9x | 0.6x |
| Sun, 23 Apr 2023 | CA$16.8b | CA$31.9b | CA$4.4b | 5.5x | 3.8x | 0.5x |
| Tue, 21 Mar 2023 | CA$16.7b | CA$32.0b | CA$4.4b | 5.5x | 3.8x | 0.5x |
| Thu, 16 Feb 2023 | CA$17.8b | CA$32.1b | CA$4.6b | 5.8x | 3.9x | 0.6x |
| Sat, 14 Jan 2023 | CA$16.3b | CA$32.5b | CA$5.3b | 5x | 3.1x | 0.5x |
Price to Earnings Ratio
3.1x
Current Industry PE
- Investors are relatively neutral on the Canadian Forestry industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- Total earnings for the Forestry industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 12% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Canadian Materials industry?
| CA Market | 1.51% | |
| Materials | 5.38% | |
| Paper and Forestry Products | 4.90% | |
| Forestry Products | 4.91% | |
| Paper Products | 3.79% | |
Industry PE
- Investors are most optimistic about the Paper Products industry which is trading above its 3-year average PE ratio.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Forestry Products industry, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Forestry Products industry is expected to see its earnings grow by 34% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WFG West Fraser Timber | CA$87.66 | 5.0% +CA$329.1m | -30.8% | PS0.9x | |
| SJ Stella-Jones | CA$89.43 | 4.8% +CA$222.9m | 24.5% | PE14.4x | |
| CFP Canfor | CA$12.40 | 7.0% +CA$94.3m | -19.1% | PS0.3x | |
| IFP Interfor | CA$8.75 | 2.5% +CA$13.8m | -49.5% | PS0.2x | |
| WEF Western Forest Products | CA$11.65 | 9.0% +CA$10.1m | -12.7% | PS0.1x |
