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Canadian (TSX) Electrical Industry Analysis

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies13
  • 7D1.3%
  • 3M57.2%
  • 1Y94.1%
  • YTD64.4%

In the last week, the Electrical industry is up 1.3%, with Hammond Power Solutions leading the way, up 2.8%. In the same time, Electrovaya was down 13%. In the last 12 months, the industry was up 94%. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

Has the Canadian Electrical Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Nov 2025CA$4.8bCA$1.3b-CA$366,365,492.2930.7x-13.2x3.7x
Sun, 05 Oct 2025CA$3.9bCA$1.3b-CA$365,709,470.5318.9x-10.6x3x
Tue, 02 Sep 2025CA$3.1bCA$1.3b-CA$359,262,378.5117.7x-8.6x2.4x
Thu, 31 Jul 2025CA$3.0bCA$1.3b-CA$389,555,012.0712.3x-7.8x2.4x
Sat, 28 Jun 2025CA$2.7bCA$1.2b-CA$369,163,392.0611x-7.4x2.2x
Mon, 26 May 2025CA$2.4bCA$1.2b-CA$364,838,911.319.1x-6.5x2x
Wed, 23 Apr 2025CA$2.0bCA$1.2b-CA$716,472,931.569.2x-2.8x1.7x
Fri, 21 Mar 2025CA$2.3bCA$1.2b-CA$732,111,760.3710x-3.1x1.9x
Sun, 16 Feb 2025CA$2.5bCA$1.2b-CA$720,660,321.736.2x-3.5x2x
Tue, 14 Jan 2025CA$2.9bCA$1.2b-CA$729,497,971.535.9x-3.9x2.3x
Thu, 12 Dec 2024CA$3.0bCA$1.2b-CA$710,129,527.1315.1x-4.2x2.4x
Sat, 09 Nov 2024CA$2.8bCA$1.2b-CA$512,462,062.2521.7x-5.4x2.3x
Mon, 07 Oct 2024CA$3.0bCA$1.2b-CA$272,948,402.8725x-11.2x2.5x
Wed, 04 Sep 2024CA$2.9bCA$1.2b-CA$305,146,742.5220.8x-9.6x2.4x
Fri, 02 Aug 2024CA$3.1bCA$1.2b-CA$281,297,198.0921.2x-11.1x2.6x
Sun, 30 Jun 2024CA$3.0bCA$1.2b-CA$287,249,409.7623.9x-10.6x2.6x
Tue, 28 May 2024CA$3.6bCA$1.2b-CA$289,391,618.9616.6x-12.5x3x
Thu, 25 Apr 2024CA$3.4bCA$1.2b-CA$258,710,201.4825.6x-13.1x2.9x
Sat, 23 Mar 2024CA$3.3bCA$1.1b-CA$258,016,256.9024.1x-12.8x2.9x
Mon, 19 Feb 2024CA$3.4bCA$1.1b-CA$272,743,902.8320.4x-12.3x3.1x
Wed, 17 Jan 2024CA$3.2bCA$1.1b-CA$285,039,301.0016.6x-11.1x2.8x
Fri, 15 Dec 2023CA$3.3bCA$1.1b-CA$293,851,819.0015.9x-11.1x2.9x
Sun, 12 Nov 2023CA$3.1bCA$1.1b-CA$315,546,130.0013.9x-10x2.8x
Tue, 10 Oct 2023CA$3.0bCA$1.1b-CA$283,374,837.0010.3x-10.7x2.8x
Thu, 07 Sep 2023CA$3.4bCA$1.1b-CA$280,969,328.0011.6x-12.2x3.2x
Sat, 05 Aug 2023CA$3.6bCA$1.1b-CA$298,580,073.0012.3x-12.2x3.4x
Mon, 03 Jul 2023CA$3.2bCA$1.0b-CA$297,849,510.0011.2x-10.6x3.1x
Wed, 31 May 2023CA$3.1bCA$1.0b-CA$316,193,706.009.3x-9.9x3x
Fri, 28 Apr 2023CA$3.2bCA$991.2m-CA$340,444,131.0010.2x-9.4x3.2x
Sun, 26 Mar 2023CA$3.6bCA$990.4m-CA$340,062,813.009.5x-10.4x3.6x
Tue, 21 Feb 2023CA$3.8bCA$980.0m-CA$363,242,393.008.9x-10.4x3.9x
Thu, 19 Jan 2023CA$3.5bCA$940.6m-CA$344,227,817.007.9x-10x3.7x
Sat, 17 Dec 2022CA$3.2bCA$942.5m-CA$344,434,531.007.3x-9.2x3.4x
Mon, 14 Nov 2022CA$3.4bCA$938.9m-CA$330,946,825.007.8x-10.2x3.6x
Price to Earnings Ratio

-10.2x


Total Market Cap: CA$3.4bTotal Earnings: -CA$330,946,825.00Total Revenue: CA$938.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.3x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Electrical industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 12% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

Which industries have driven the changes within the Canadian Industrials industry?

CA Market0.063%
Industrials-0.94%
Electrical1.27%
Electrical Components1.27%
Heavy Electrical Equipment0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 31% over the next 5 years.
    • This is better than its past earnings growth rate of 19% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 31% per year over the next few years.

    Top Stock Gainers and Losers

    Which companies have driven the market over the last 7 days?

    CompanyLast Price7D1YValuation
    		BLDP Ballard Power SystemsCA$5.034.1%
    +CA$60.1m    		169.0%PS14.8x
    		HMM.A Hammond ManufacturingCA$11.927.4%
    +CA$9.3m    		22.5%PE7.8x
    		SWAN Black Swan GrapheneCA$1.205.3%
    +CA$3.2m    		66.7%PB4.6x
    		GMG Graphene Manufacturing GroupCA$1.121.8%
    +CA$2.4m    		86.7%PS606.9x
    		HEAT Hillcrest Energy TechnologiesCA$0.143.7%
    +CA$649.0k    		-30.0%PE-2.1x

    Latest News

    ELVA
    CA$7.26
    Electrovaya
    7D
    -19.3%
    1Y
    138.8%
    BLDP
    CA$5.03
    Ballard Power Systems
    7D
    4.1%
    1Y
    169.0%

    BLDP: Prolonged Hydrogen Market Downturn Will Challenge Cash Flow Path Into 2027

    Analysts have increased their price target for Ballard Power Systems from $1.78 to $1.78, citing optimism about sector conditions and improved growth expectations. This outlook is counterbalanced by ongoing market challenges.
    HMM.A
    CA$11.92
    Hammond Manufacturing
    7D
    7.4%
    1Y
    22.5%
    HPS.A
    CA$188.79
    Hammond Power Solutions
    7D
    -8.1%
    1Y
    53.0%
    HEAT
    CA$0.14
    Hillcrest Energy Technologies
    7D
    3.7%
    1Y
    -30.0%
    SUN
    CA$0.10
    Stardust Solar Energy
    7D
    -13.0%
    1Y
    -9.1%
    PLUG
    CA$0.35
    Energy Plug Technologies
    7D
    -26.0%
    1Y
    610.0%

    Here's Why We're Watching Energy Plug Technologies' (CSE:PLUG) Cash Burn Situation

    Oct 28
    Here's Why We're Watching Energy Plug Technologies' (CSE:PLUG) Cash Burn Situation
    SWAN
    CA$1.20
    Black Swan Graphene
    7D
    5.3%
    1Y
    66.7%

    We're Hopeful That Black Swan Graphene (CVE:SWAN) Will Use Its Cash Wisely

    Oct 27
    We're Hopeful That Black Swan Graphene (CVE:SWAN) Will Use Its Cash Wisely
    EMM
    CA$0.10
    Giyani Metals
    7D
    -9.1%
    1Y
    -4.8%
    GMG
    CA$1.12
    Graphene Manufacturing Group
    7D
    1.8%
    1Y
    86.7%
    DYA
    CA$0.12
    dynaCERT
    7D
    -7.7%
    1Y
    -40.0%
    SPRQ
    CA$0.65
    SPARQ Systems
    7D
    -3.0%
    1Y
    1.6%
    NHHH
    CA$0.055
    FuelPositive
    7D
    -21.4%
    1Y
    57.1%