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Canadian (TSX) Electrical Industry Analysis

UpdatedDec 02, 2025
DataAggregated Company Financials
Companies14
  • 7D2.9%
  • 3M31.6%
  • 1Y35.5%
  • YTD32.0%

Over the last 7 days, the Electrical industry has risen 2.9%, driven by gains from Hammond Power Solutions of 1.8%. In the last 12 months, the industry was up 36%. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Dec 2025CA$4.2bCA$1.3b-CA$127,329,130.6824.9x-33.3x3.2x
Thu, 30 Oct 2025CA$4.8bCA$1.3b-CA$360,586,638.0029.9x-13.4x3.7x
Sat, 27 Sep 2025CA$3.6bCA$1.3b-CA$363,286,391.2918.2x-9.8x2.8x
Mon, 25 Aug 2025CA$3.1bCA$1.3b-CA$363,245,263.8917.9x-8.5x2.4x
Wed, 23 Jul 2025CA$3.1bCA$1.2b-CA$371,407,038.8211.9x-8.4x2.6x
Fri, 20 Jun 2025CA$2.7bCA$1.2b-CA$369,877,384.1410.5x-7.2x2.2x
Sun, 18 May 2025CA$2.5bCA$1.2b-CA$372,596,189.459.6x-6.7x2x
Tue, 15 Apr 2025CA$2.1bCA$1.2b-CA$718,235,528.529x-2.9x1.7x
Thu, 13 Mar 2025CA$2.2bCA$1.2b-CA$737,602,530.859.8x-3x1.8x
Sat, 08 Feb 2025CA$2.5bCA$1.2b-CA$723,939,017.905.8x-3.5x2.1x
Mon, 06 Jan 2025CA$3.1bCA$1.2b-CA$731,140,804.826.5x-4.3x2.5x
Wed, 04 Dec 2024CA$2.9bCA$1.2b-CA$707,071,761.1515.3x-4.1x2.4x
Fri, 01 Nov 2024CA$3.0bCA$1.2b-CA$276,317,686.3722.9x-10.8x2.4x
Sun, 29 Sep 2024CA$3.1bCA$1.2b-CA$272,085,617.0724.6x-11.3x2.5x
Tue, 27 Aug 2024CA$2.8bCA$1.2b-CA$303,882,660.9120.7x-9.3x2.3x
Thu, 25 Jul 2024CA$3.1bCA$1.2b-CA$289,321,572.6122x-10.7x2.6x
Sat, 22 Jun 2024CA$3.0bCA$1.2b-CA$288,598,396.0020.4x-10.5x2.5x
Mon, 20 May 2024CA$3.6bCA$1.2b-CA$286,377,280.3915.9x-12.5x3x
Wed, 17 Apr 2024CA$3.8bCA$1.2b-CA$260,550,212.3429.3x-14.4x3.2x
Fri, 15 Mar 2024CA$3.2bCA$1.1b-CA$256,851,148.5422.2x-12.4x2.8x
Sun, 11 Feb 2024CA$3.3bCA$1.1b-CA$275,454,876.1913.8x-12x3.1x
Tue, 09 Jan 2024CA$3.2bCA$1.1b-CA$282,763,626.0016.3x-11.3x2.8x
Thu, 07 Dec 2023CA$3.2bCA$1.1b-CA$296,859,680.0015.3x-10.8x2.9x
Sat, 04 Nov 2023CA$3.3bCA$1.1b-CA$281,948,530.0014x-11.9x3x
Mon, 02 Oct 2023CA$3.1bCA$1.1b-CA$282,203,440.0010.3x-10.9x2.9x
Wed, 30 Aug 2023CA$3.3bCA$1.1b-CA$272,921,216.0011.4x-12.1x3.1x
Fri, 28 Jul 2023CA$3.4bCA$1.0b-CA$297,641,433.0013.3x-11.5x3.3x
Sun, 25 Jun 2023CA$3.1bCA$1.0b-CA$296,859,465.0011.2x-10.5x3x
Tue, 23 May 2023CA$3.2bCA$1.0b-CA$314,299,942.009.9x-10.3x3.1x
Thu, 20 Apr 2023CA$3.4bCA$989.7m-CA$343,544,317.009.7x-9.9x3.4x
Sat, 18 Mar 2023CA$3.4bCA$990.4m-CA$340,055,550.009.2x-10x3.4x
Mon, 13 Feb 2023CA$3.6bCA$943.2m-CA$349,217,101.007.3x-10.2x3.8x
Wed, 11 Jan 2023CA$3.3bCA$939.9m-CA$342,872,498.007.2x-9.6x3.5x
Fri, 09 Dec 2022CA$3.2bCA$941.5m-CA$342,501,235.006.8x-9.2x3.4x
Price to Earnings Ratio

-9.2x


Total Market Cap: CA$3.2bTotal Earnings: -CA$342,501,235.00Total Revenue: CA$941.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.6x202320242025
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 3.2x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 12% per year.
  • This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.

Industry Trends

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

CA Market2.23%
Industrials1.85%
Electrical2.93%
Electrical Components2.93%
Heavy Electrical Equipment0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 22% over the next 5 years.
    • This is roughly in line with its past earnings growth rate.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 22% 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
    		HPS.A Hammond Power SolutionsCA$168.971.8%
    +CA$36.4m    		22.6%PE24.9x
    		SPRQ SPARQ SystemsCA$0.7014.8%
    +CA$10.5m    		-1.4%PS32.5x
    		NBM NEO Battery MaterialsCA$0.5115.9%
    +CA$9.9m    		-37.0%PB106.3x
    		HMM.A Hammond ManufacturingCA$11.426.2%
    +CA$7.6m    		9.2%PE7.5x
    		NHHH FuelPositiveCA$0.07515.4%
    +CA$5.5m    		114.3%PB2.9x

    Latest News

    SPRQ
    CA$0.70
    SPARQ Systems
    7D
    14.8%
    1Y
    -1.4%
    EGT
    CA$0.13
    Eguana Technologies
    7D
    -13.3%
    1Y
    30.0%
    HEAT
    CA$0.11
    Hillcrest Energy Technologies
    7D
    -4.3%
    1Y
    -38.9%
    DYA
    CA$0.09
    dynaCERT
    7D
    -10.0%
    1Y
    -53.8%
    GMG
    CA$1.24
    Graphene Manufacturing Group
    7D
    0.8%
    1Y
    110.2%
    ELVA
    CA$6.43
    Electrovaya
    7D
    1.7%
    1Y
    62.0%
    HPS.A
    CA$168.97
    Hammond Power Solutions
    7D
    1.8%
    1Y
    22.6%

    HPS.A: Sustained Earnings And Market Demand Will Underpin Further Upside Momentum

    Hammond Power Solutions has seen a significant upward revision in analyst price targets, with increases to C$195 and C$211, respectively, as analysts cite strong fundamentals and a sustained positive outlook for the company. Analyst Commentary Following the recent upward revisions in price targets for Hammond Power Solutions, analysts have provided additional insights into the company's valuation and outlook.
    BLDP
    CA$3.76
    Ballard Power Systems
    7D
    -0.8%
    1Y
    80.8%

    BLDP: Order Backlog Declines Will Likely Pressure Revenue And Margins Ahead

    Ballard Power Systems' average analyst price target has been raised significantly, with updated targets now ranging from $2.50 to $3.40. Analysts cite better-than-expected revenue and margin performance, despite concerns over backlog and future growth visibility.
    HMM.A
    CA$11.42
    Hammond Manufacturing
    7D
    6.2%
    1Y
    9.2%
    GRD
    CA$0.05
    Grounded Lithium
    7D
    -9.1%
    1Y
    -9.1%
    NBM
    CA$0.51
    NEO Battery Materials
    7D
    15.9%
    1Y
    -37.0%
    BES
    CA$0.07
    Braille Energy Systems
    7D
    -6.7%
    1Y
    7.7%
    QESS
    CA$0.29
    Aegis Critical Energy Defence
    7D
    -10.8%
    1Y
    346.2%

    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$1.05
    Black Swan Graphene
    7D
    1.9%
    1Y
    54.4%

    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
    FCLI
    CA$0.37
    Full Circle Lithium
    7D
    -5.1%
    1Y
    60.9%
    NHHH
    CA$0.075
    FuelPositive
    7D
    15.4%
    1Y
    114.3%