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Taiga Building Products Ltd (TBL) Fair Value & Analysis

Industrials · CA · Market cap C$403M

TB Taiga Building Products Ltd TBL · TO
PriceC$3.65
Fair ValueC$4.50
Upside+23.3%
Quality68/100
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Weak Growth
Loss-making · -0.3% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Narrow moat 36/100
Evidence: High Range C$3.37 – C$5.62 Share as image

Fair value as of: Jul 17, 2026

From 24 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from C$6.37 to C$4.50 (−29.4%) since Jun 24, 2026.

A solid business, screening 23% undervalued on our models.

What matters now

  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from C$3.37 (bear) to C$5.62 (bull), base C$4.50. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 68/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

C$3.83 C$0.8781 Fair Value C$4.50 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range C$0.8781 – C$3.83 · fair‑value band C$3.37 – C$5.62 · the C$3.65 price screens below the C$4.50 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

Taiga Building Products Ltd (TBL) currently trades at C$3.65, while our model-based Fair Value estimate is C$4.50, implying the stock looks roughly 23.3% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Taiga Building Products Ltd generated revenue of C$1.4B at a net margin of -0.3%. Revenue grew 18.9% year over year. It earns a return on equity of 11.9%. Net debt stands at C$69.2M. Fundamentals as of Jul 17, 2026

Our scenario range runs from C$3.37 (bear case) to C$5.62 (bull case); at C$3.65, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 11% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 23%, TBL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF C$4.74 C$5.90 C$7.62 80
Residual Income C$2.34 C$2.52 C$2.78 76
Rev-Margin DCF C$4.95 C$7.14 C$9.75 74
All 24 models by family
DCF Models
FCF DCF C$4.64 C$5.86 C$7.82 38
Owner Earnings C$3.17 C$3.97 C$5.27 31
5Y Revenue Exit C$4.95 C$7.05 C$9.99 39
5Y EBITDA Exit C$4.77 C$6.74 C$9.24 41
5Y P/E Exit C$3.83 C$5.14 C$6.63 38
10Y Revenue Exit C$4.66 C$6.36 C$8.33 36
10Y EBITDA Exit C$4.68 C$6.17 C$7.87 37
10Y P/E Exit C$4.15 C$5.20 C$6.27 35
Earnings-Based
Graham-Dodd C$1.80 C$3.23 C$3.98 54
EPV C$4.13 C$4.65 C$5.09 59
Dividend Discount
Gordon GGM C$12.96 C$16.18 C$19.19 70
DDM Multi-Stage C$12.96 C$16.74 C$20.76 61
Multiples
P/E Multiple C$3.37 C$4.50 C$5.62 63
P/S Multiple C$3.37 C$4.50 C$5.62 58
P/B Multiple C$3.37 C$4.50 C$5.62 55
EV/EBIT C$6.39 C$8.41 C$10.43 53
EV/EBITDA C$5.58 C$7.33 C$9.09 54
EV/Revenue C$5.58 C$7.83 C$10.09 43
Asset-Based
NCAV (Graham) C$1.42 C$1.90 C$2.84 50
Growth DCF
Growth DCF C$4.74 C$5.90 C$7.62 80
Rev-Margin DCF C$4.95 C$7.14 C$9.75 74
Economic Profit
Residual Income C$2.34 C$2.52 C$2.78 76
ROIC Compounder C$4.19 C$4.81 C$5.40 72
Growth Earnings
Growth-Adj P/E C$2.40 C$3.43 C$4.46 68

Widest divergence: Dividend Discount (C$16.18) versus Asset-Based (C$1.90). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) C$1.4B
Revenue growth (YoY) +18.9%
Net margin -0.3%
Return on equity 11.9%
Free cash flow C$55.0M FY2025
P/E ratio 14.9
More key figures
Operating margin 2.5%
EPS (TTM) C$0.2500
EPS growth (YoY) -9.6%
Net debt C$69.2M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 68 · Market factors (momentum, volatility) 58

Profitability 53
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. The company offers dimension lumber; panel products, including plywood, particle board, and oriented strand board products; and allied and treated products, such as roofing materials, moldings, composite decking, and polyethylene sheeting …

Full company description

Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. The company offers dimension lumber; panel products, including plywood, particle board, and oriented strand board products; and allied and treated products, such as roofing materials, moldings, composite decking, and polyethylene sheeting products, batt and foam insulation, flooring, and engineered and treated wood products. It also provides residential insulation products under the Johns Manville brand; siding products under the LP SmartSide brand; composite decking under the Trex brand; roofing products under GAF brand; and allied products comprising flooring, mouldings, and siding under the Taiga brand. In addition, the company offers treated wood products used in fencing, decking, foundation, landscaping, and other external applications; and owns and operates wood preservation plants that produce pressure-treated wood products. It serves its products to building products retailers and supply yards, and industrial manufacturers. The company was founded in 1973 and is headquartered in Burnaby, Canada. Taiga Building Products Ltd. is a subsidiary of Avarga Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taiga Building Products Ltd reported revenue of C$1.6B in FY2025 versus C$2.2B in FY2021, a compound −7.4%/yr. Reported net income was C$28.6M in FY2025, compounding −25.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$1.6B
Latest YoY
−0.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+0.5%
Avg. growth/yr (26Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+2.3%
Revenue −7.4%/yr
FY21 C$2.2B
FY22 C$2.2B
FY23 C$1.7B
FY24 C$1.6B
FY25 C$1.6B
Net income −25.5%/yr
FY21 C$92.7M
FY22 C$88.6M
FY23 C$61.3M
FY24 C$47.6M
FY25 C$28.6M
Character of growth · EPS growth decomposed (2014-2025) +3.3 % p.a.
Revenue per share −10.3 pp

of which total revenue +2.6 pp · buybacks/dilution −12.8 pp

EBIT margin +4.1 pp
Tax rate +2.2 pp
Residual (interest, one-offs) +7.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Taiga Building Products Ltd Fair Value". https://www.fairvalue-calculator.com/stock/TBL

Peer Group

Industrial Distribution · 102 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside +23% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 2% · Below median
Revenue growth 19% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 14.9× · Cheaper than median
P/B 0.94× · Cheaper than median
P/S (TTM) 0.21× · Cheaper than 75% of peers
P/FCF 5.3× · Pricier than median
EV/EBITDA 5.4× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 64 · sector 19
FUTURE 95 · sector 19
PAST 47 · sector 37
HEALTH 100 · sector 90
DIVIDEND 0 · sector 31

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,376 $625.61 -55%
Fastenal Company FAST $45.49 $20.64 -55%
Ferguson Enterprises Inc FERG $232.02 $151.92 -35%
WESCO International, Inc WCC $326.71 $213.01 -35%
Watsco, Inc WSO $385.16 $268.10 -30%
Toromont Industries Ltd TIH C$232.22 C$127.90 -45%
Applied Industrial Technologies, Inc AIT $329.35 $191.65 -42%
Finning International Inc FTT C$102.50 C$76.38 -25%
Addtech AB ADDTB kr 329.20 kr 156.35 -53%
Core & Main, Inc CNM $44.66 $49.47 +11%

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Frequently asked questions

Is Taiga Building Products Ltd (TBL) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of C$4.50 versus a price of C$3.65, about +23% (undervalued).
What is the fair value of TBL?
Our model-based fair value for Taiga Building Products Ltd is C$4.50 (as of Jul 17, 2026), built from audited fundamentals. The current price is C$3.65.
What is the quality score of TBL?
Taiga Building Products Ltd has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Taiga Building Products Ltd (TBL)?
Taiga Building Products Ltd reported trailing-twelve-month revenue of about C$1.4B (latest available figure, as of Jul 17, 2026).
What is the net profit margin of TBL?
The net profit margin of Taiga Building Products Ltd is about -0.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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