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Canadian (TSX) Forestry Products Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies9
  • 7D0.01%
  • 3M9.8%
  • 1Y-4.9%
  • YTDn/a

Over the last 7 days, the Forestry Products industry has remained flat. As for the longer term, the industry has declined 4.8% in the last year. Looking forward, earnings are forecast to grow by 46% annually.

Industry Valuation and Performance

Has the Canadian Forestry Products Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Mar 2026CA$14.9bCA$20.7b-CA$2,250,411,525.0011x-6.6x0.7x
Wed, 11 Feb 2026CA$16.5bCA$21.2b-CA$934,527,475.0018.4x-17.7x0.8x
Fri, 09 Jan 2026CA$13.9bCA$21.3b-CA$942,118,755.0016.9x-14.7x0.7x
Sun, 07 Dec 2025CA$13.9bCA$21.3b-CA$941,263,155.0016.6x-14.8x0.7x
Tue, 04 Nov 2025CA$13.5bCA$21.3b-CA$896,199,507.0015.3x-15.1x0.6x
Thu, 02 Oct 2025CA$14.3bCA$21.5b-CA$724,074,707.0017.1x-19.8x0.7x
Sat, 30 Aug 2025CA$14.9bCA$21.3b-CA$720,036,523.0017.9x-20.7x0.7x
Mon, 28 Jul 2025CA$15.2bCA$21.4b-CA$774,534,543.0015.1x-19.6x0.7x
Wed, 25 Jun 2025CA$15.3bCA$21.6b-CA$599,110,123.0016.6x-25.6x0.7x
Fri, 23 May 2025CA$15.0bCA$21.7b-CA$599,229,348.0016.6x-25.1x0.7x
Sun, 20 Apr 2025CA$14.6bCA$21.9b-CA$720,150,299.0013.9x-20.2x0.7x
Tue, 18 Mar 2025CA$15.7bCA$22.2b-CA$720,368,649.0014.2x-21.8x0.7x
Thu, 13 Feb 2025CA$16.9bCA$22.5b-CA$1,016,330,669.0012x-16.6x0.8x
Sat, 11 Jan 2025CA$17.0bCA$22.6b-CA$1,017,718,829.0011.6x-16.7x0.8x
Mon, 09 Dec 2024CA$18.5bCA$22.4b-CA$1,015,045,229.0012.9x-18.2x0.8x
Wed, 06 Nov 2024CA$18.9bCA$22.3b-CA$950,328,436.0013.9x-19.9x0.8x
Fri, 04 Oct 2024CA$19.6bCA$22.6b-CA$289,722,756.0034.4x-67.7x0.9x
Sun, 01 Sep 2024CA$18.0bCA$22.6b-CA$290,882,756.0031.9x-61.8x0.8x
Tue, 30 Jul 2024CA$18.6bCA$22.8b-CA$247,140,198.0032x-75.2x0.8x
Thu, 27 Jun 2024CA$16.7bCA$22.6b-CA$424,118,998.0014.6x-39.4x0.7x
Sat, 25 May 2024CA$17.3bCA$22.6b-CA$422,268,162.0014.1x-41x0.8x
Mon, 22 Apr 2024CA$16.6bCA$22.6b-CA$610,298,437.0013.9x-27.2x0.7x
Wed, 20 Mar 2024CA$17.1bCA$22.5b-CA$602,085,217.0013.2x-28.3x0.8x
Fri, 16 Feb 2024CA$17.0bCA$22.7b-CA$634,710,117.0014.9x-26.7x0.7x
Sun, 14 Jan 2024CA$18.3bCA$22.7b-CA$534,010,487.0014.5x-34.2x0.8x
Tue, 12 Dec 2023CA$16.6bCA$22.8b-CA$535,769,567.0012.8x-30.9x0.7x
Thu, 09 Nov 2023CA$16.8bCA$23.1b-CA$522,765,786.0010.1x-32.2x0.7x
Sat, 07 Oct 2023CA$15.1bCA$24.0b-CA$333,642,946.0010.5x-45.1x0.6x
Mon, 04 Sep 2023CA$16.9bCA$23.9b-CA$333,335,946.0010.4x-50.7x0.7x
Wed, 02 Aug 2023CA$17.7bCA$24.4bCA$54.4m9.3x326.1x0.7x
Fri, 30 Jun 2023CA$18.3bCA$26.8bCA$1.7b9x11x0.7x
Sun, 28 May 2023CA$16.0bCA$27.1bCA$1.7b8.8x9.5x0.6x
Tue, 25 Apr 2023CA$16.3bCA$30.5bCA$4.4b4.4x3.7x0.5x
Thu, 23 Mar 2023CA$16.0bCA$30.7bCA$4.5b4.5x3.6x0.5x
Price to Earnings Ratio

3.6x


Total Market Cap: CA$16.0bTotal Earnings: CA$4.5bTotal Revenue: CA$30.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Forestry Products Industry Price to Earnings3Y Average -23.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Forest Products 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 0.72x.
Past Earnings Growth
  • Total earnings for the Forest Products 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 Comparison

How does Canadian Forestry Products compare with similar industries?

CA Market-1.85%
Materials-5.28%
Paper and Forestry Products0.004%
Forestry Products0.013%
Paper Products-1.05%
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
WFG West Fraser TimberCA$88.600.5%
+CA$34.5m		-19.8%PS0.9x
SJ Stella-JonesCA$96.990.6%
+CA$32.5m		43.0%PE15.7x
GFP GreenFirst Forest ProductsCA$2.429.0%
+CA$4.6m		-45.2%PS0.2x
CFF Conifex TimberCA$0.1426.1%
+CA$1.2m		-54.7%PS0.04x
ADN Acadian TimberCA$16.860.1%
+CA$369.1k		-2.9%PE6.4x

Latest News

WEF
CA$12.88
Western Forest Products
7D
-7.0%
1Y
-3.5%

WEF: Lower Discount Rate And Firmer Margins Will Support Higher Future Earnings Multiple

Narrative Update Analysts have lifted their price target on Western Forest Products by CA$2 to CA$15.13, citing modest shifts in discount rate assumptions, slightly higher projected profit margin, and a small adjustment to the future P/E multiple. Analyst Commentary Recent price target revisions on Western Forest Products provide a snapshot of how research desks are thinking about valuation, execution risk, and potential growth.
CFP
CA$13.47
Canfor
7D
-3.2%
1Y
-11.3%
WFG
CA$88.60
West Fraser Timber
7D
0.5%
1Y
-19.8%

WFG: Upgraded Outlook And Impairment Test Will Support Future Upside Potential

Analysts have trimmed their price target on West Fraser Timber to about CA$109 from roughly CA$110. This reflects slightly more cautious assumptions on fair value, revenue growth and profit margins, partly offset by a modestly higher expected future P/E multiple following the recent upgrade in Street research coverage.
SJ
CA$96.99
Stella-Jones
7D
0.6%
1Y
43.0%

SJ: Recent Dividend And P/E Assumptions Will Shape A Steadily Fair Profile

The analyst price target for Stella-Jones has been lifted by about CA$4 to roughly CA$101, as analysts factor in adjustments to discount rates, revenue growth, profit margins and future P/E assumptions that are broadly consistent with recent target increases from CIBC, Scotiabank and RBC Capital. Analyst Commentary Recent Street research reflects a cluster of modest price target lifts for Stella-Jones, with targets now cited around the mid to high CA$90s and just above CA$100.
CFF
CA$0.14
Conifex Timber
7D
26.1%
1Y
-54.7%
ADN
CA$16.86
Acadian Timber
7D
0.1%
1Y
-2.9%
GFP
CA$2.42
GreenFirst Forest Products
7D
9.0%
1Y
-45.2%
IFP
CA$8.86
Interfor
7D
-1.1%
1Y
-39.7%