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Canadian (TSX) Forestry Products Industry Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies9
  • 7D1.8%
  • 3M9.3%
  • 1Y-6.0%
  • YTDn/a

In the last week, the Forestry Products industry is up 1.8%, with West Fraser Timber up 1.8%. In the past year, the industry is down 6.0%. 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
Fri, 27 Mar 2026CA$14.6bCA$20.8b-CA$2,258,421,175.0010.8x-6.5x0.7x
Sun, 22 Feb 2026CA$15.4bCA$20.7b-CA$1,916,948,175.0011x-8x0.7x
Tue, 20 Jan 2026CA$15.4bCA$21.3b-CA$942,277,475.0017.4x-16.3x0.7x
Thu, 18 Dec 2025CA$13.7bCA$21.3b-CA$940,171,955.0016.7x-14.6x0.6x
Sat, 15 Nov 2025CA$13.7bCA$21.4b-CA$862,247,267.0015.9x-15.9x0.6x
Mon, 13 Oct 2025CA$14.6bCA$21.5b-CA$724,821,887.0017.2x-20.1x0.7x
Wed, 10 Sep 2025CA$15.3bCA$21.4b-CA$723,021,347.0017.7x-21.1x0.7x
Fri, 08 Aug 2025CA$14.9bCA$21.4b-CA$786,737,283.0014.5x-19x0.7x
Sun, 06 Jul 2025CA$15.5bCA$21.5b-CA$599,133,763.0016.8x-25.9x0.7x
Tue, 03 Jun 2025CA$15.1bCA$21.6b-CA$599,114,863.0016.6x-25.2x0.7x
Thu, 01 May 2025CA$14.6bCA$21.7b-CA$711,828,468.0014.2x-20.6x0.7x
Sat, 29 Mar 2025CA$15.8bCA$22.2b-CA$720,385,299.0014.5x-22x0.7x
Mon, 24 Feb 2025CA$16.1bCA$22.3b-CA$759,924,999.0014.5x-21.2x0.7x
Wed, 22 Jan 2025CA$17.8bCA$22.5b-CA$1,016,844,269.0012.4x-17.5x0.8x
Fri, 20 Dec 2024CA$17.1bCA$22.5b-CA$1,017,364,589.0012.2x-16.8x0.8x
Sun, 17 Nov 2024CA$17.8bCA$22.3b-CA$1,014,072,276.0011.8x-17.6x0.8x
Tue, 15 Oct 2024CA$20.2bCA$22.8b-CA$286,754,606.0035x-70.5x0.9x
Thu, 12 Sep 2024CA$17.9bCA$22.6b-CA$289,556,006.0031.4x-61.7x0.8x
Sat, 10 Aug 2024CA$17.6bCA$22.8b-CA$281,722,698.0030.8x-62.6x0.8x
Mon, 08 Jul 2024CA$16.4bCA$22.6b-CA$423,496,198.0014.5x-38.7x0.7x
Wed, 05 Jun 2024CA$16.8bCA$22.6b-CA$423,901,198.0014x-39.6x0.7x
Fri, 03 May 2024CA$16.6bCA$22.6b-CA$426,267,207.0013.9x-39x0.7x
Sun, 31 Mar 2024CA$17.9bCA$22.5b-CA$606,883,287.0013.7x-29.5x0.8x
Tue, 27 Feb 2024CA$16.4bCA$22.5b-CA$716,157,857.0014.4x-22.9x0.7x
Thu, 25 Jan 2024CA$17.7bCA$22.8b-CA$535,295,557.0014.9x-33.1x0.8x
Sat, 23 Dec 2023CA$18.0bCA$22.6b-CA$532,420,467.0013.8x-33.8x0.8x
Mon, 20 Nov 2023CA$17.4bCA$22.9b-CA$535,468,806.0010.1x-32.4x0.8x
Wed, 18 Oct 2023CA$15.6bCA$24.0b-CA$333,539,946.0010.6x-46.7x0.6x
Fri, 15 Sep 2023CA$15.9bCA$23.9b-CA$332,906,946.0011.7x-47.9x0.7x
Sun, 13 Aug 2023CA$17.1bCA$23.8b-CA$346,515,564.008.3x-49.4x0.7x
Tue, 11 Jul 2023CA$18.5bCA$26.9bCA$1.7b9.5x11.1x0.7x
Thu, 08 Jun 2023CA$16.4bCA$26.9bCA$1.7b8.8x9.9x0.6x
Sat, 06 May 2023CA$16.2bCA$26.9bCA$1.7b7.6x9.5x0.6x
Mon, 03 Apr 2023CA$15.8bCA$30.5bCA$4.4b4.5x3.6x0.5x
Price to Earnings Ratio

3.6x


Total Market Cap: CA$15.8bTotal Earnings: CA$4.4bTotal Revenue: CA$30.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Forestry Products Industry Price to Earnings3Y Average -23.4x202420252026
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 Market0.31%
Materials-0.73%
Paper and Forestry Products1.78%
Forestry Products1.81%
Paper Products-3.25%
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$88.381.8%
+CA$120.6m		-19.4%PS0.9x
IFP InterforCA$9.6812.6%
+CA$71.0m		-37.7%PS0.2x
CFP CanforCA$13.304.4%
+CA$65.2m		-12.8%PS0.3x
WEF Western Forest ProductsCA$14.6518.6%
+CA$24.3m		11.0%PS0.2x
ADN Acadian TimberCA$17.192.1%
+CA$6.5m		-3.7%PE6.5x

Latest News

ADN
CA$17.19
Acadian Timber
7D
2.1%
1Y
-3.7%
SJ
CA$93.85
Stella-Jones
7D
-0.3%
1Y
37.0%

SJ: Higher P/E Assumptions And Dividend Policy Will Support Future Upside Potential

Analysts have nudged their outlook on Stella-Jones higher, with recent Street research showing price targets moving to CA$95, CA$99, and CA$102. These changes reflect incremental adjustments to assumptions such as the discount rate and forward P/E, while keeping fair value estimates broadly steady.
GFP
CA$2.14
GreenFirst Forest Products
7D
-5.7%
1Y
-46.5%
CFP
CA$13.30
Canfor
7D
4.4%
1Y
-12.8%
IFP
CA$9.68
Interfor
7D
12.6%
1Y
-37.7%
WEF
CA$14.65
Western Forest Products
7D
18.6%
1Y
11.0%

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.
WFG
CA$88.38
West Fraser Timber
7D
1.8%
1Y
-19.4%

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.
CFF
CA$0.14
Conifex Timber
7D
-6.9%
1Y
-64.5%
AEP
CA$0.60
Atlas Engineered Products
7D
-1.6%
1Y
-34.1%

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