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Canadian (TSX) Electrical Industry Analysis

UpdatedSep 17, 2025
DataAggregated Company Financials
Companies13
  • 7D0.7%
  • 3M18.7%
  • 1Y13.3%
  • YTD4.1%

Last week, the Electrical industry hasn't moved much but Ballard Power Systems is up 16% in that time. The past year has been better, since the industry has gained 13% in that time. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Sep 2025CA$3.1bCA$1.3b-CA$358,071,173.6817x-8.8x2.5x
Fri, 15 Aug 2025CA$3.1bCA$1.3b-CA$366,259,878.2419.1x-8.6x2.5x
Sun, 13 Jul 2025CA$2.9bCA$1.2b-CA$373,911,435.1211x-7.9x2.4x
Tue, 10 Jun 2025CA$2.6bCA$1.2b-CA$369,501,131.8810.2x-7.1x2.2x
Thu, 08 May 2025CA$2.3bCA$1.2b-CA$645,781,620.348.7x-3.5x1.8x
Sat, 05 Apr 2025CA$2.1bCA$1.2b-CA$722,385,308.385x-2.9x1.7x
Mon, 03 Mar 2025CA$2.2bCA$1.2b-CA$742,332,053.4710.3x-3x1.8x
Wed, 29 Jan 2025CA$2.7bCA$1.2b-CA$729,518,883.425.8x-3.7x2.2x
Fri, 27 Dec 2024CA$2.9bCA$1.2b-CA$721,276,154.886.3x-4x2.4x
Sun, 24 Nov 2024CA$2.9bCA$1.2b-CA$720,298,355.2025x-4x2.4x
Tue, 22 Oct 2024CA$3.1bCA$1.2b-CA$277,129,004.1425.1x-11x2.5x
Thu, 19 Sep 2024CA$2.9bCA$1.2b-CA$274,368,063.4124.3x-10.7x2.4x
Sat, 17 Aug 2024CA$2.8bCA$1.2b-CA$308,581,833.2213.4x-9.2x2.3x
Mon, 15 Jul 2024CA$3.1bCA$1.2b-CA$286,647,901.6521.7x-10.8x2.6x
Wed, 12 Jun 2024CA$3.2bCA$1.2b-CA$289,724,424.2023.1x-11.1x2.7x
Fri, 10 May 2024CA$3.2bCA$1.2b-CA$275,656,312.4022.2x-11.4x2.7x
Sun, 07 Apr 2024CA$3.9bCA$1.2b-CA$257,230,274.1128.4x-15.2x3.4x
Tue, 05 Mar 2024CA$3.5bCA$1.1b-CA$280,199,551.2722.8x-12.3x3.2x
Thu, 01 Feb 2024CA$3.2bCA$1.1b-CA$279,743,831.0017.9x-11.4x2.8x
Sat, 30 Dec 2023CA$3.2bCA$1.1b-CA$291,344,101.0015.8x-11.1x2.9x
Mon, 27 Nov 2023CA$3.1bCA$1.1b-CA$305,559,839.0015.4x-10.3x2.8x
Wed, 25 Oct 2023CA$3.0bCA$1.1b-CA$286,483,267.0011.8x-10.3x2.7x
Fri, 22 Sep 2023CA$3.1bCA$1.1b-CA$279,159,426.0010.1x-11x2.9x
Sun, 20 Aug 2023CA$3.2bCA$1.1b-CA$270,172,880.0010.5x-12x3x
Tue, 18 Jul 2023CA$3.4bCA$1.0b-CA$296,887,555.0012.4x-11.3x3.3x
Thu, 15 Jun 2023CA$3.2bCA$1.0b-CA$299,358,557.0010.5x-10.8x3.1x
Sat, 13 May 2023CA$3.3bCA$1.0b-CA$311,300,739.009.7x-10.5x3.1x
Mon, 10 Apr 2023CA$3.4bCA$990.4m-CA$344,641,120.009.5x-9.8x3.4x
Wed, 08 Mar 2023CA$3.7bCA$983.4m-CA$368,934,879.009.1x-10x3.8x
Fri, 03 Feb 2023CA$3.9bCA$942.8m-CA$348,639,124.007.8x-11.2x4.2x
Sun, 01 Jan 2023CA$2.8bCA$941.0m-CA$344,952,117.006.6x-8.2x3x
Tue, 29 Nov 2022CA$3.2bCA$940.0m-CA$334,632,701.008.5x-9.6x3.4x
Thu, 27 Oct 2022CA$3.1bCA$880.4m-CA$323,858,464.007.1x-9.6x3.5x
Sat, 24 Sep 2022CA$3.4bCA$880.1m-CA$316,660,864.006.5x-10.6x3.8x
Price to Earnings Ratio

-10.6x


Total Market Cap: CA$3.4bTotal Earnings: -CA$316,660,864.00Total Revenue: CA$880.1mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.2x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.5x.
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 13% 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 Market0.73%
Industrials0.22%
Electrical0.71%
Electrical Components0.71%
Heavy Electrical Equipment0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 30% over the next 5 years.
    • This is better than its past earnings growth rate of 21% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 30% 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$3.4729.5%
    +CA$237.5m    		47.7%PS10.5x
    		ELVA ElectrovayaCA$9.0913.1%
    +CA$42.1m    		201.0%PE220.6x
    		NBM NEO Battery MaterialsCA$0.607.1%
    +CA$4.8m    		500.0%PB150.2x
    		EXRO Exro TechnologiesCA$0.0233.3%
    +CA$2.9m    		-92.9%PS0.5x
    		EGT Eguana TechnologiesCA$0.2042.9%
    +CA$2.7m    		300.0%PS3.9x

    Latest News

    NBM
    CA$0.60
    NEO Battery Materials
    7D
    7.1%
    1Y
    500.0%
    EGT
    CA$0.20
    Eguana Technologies
    7D
    42.9%
    1Y
    300.0%
    DYA
    CA$0.14
    dynaCERT
    7D
    -3.6%
    1Y
    -32.5%
    ELVA
    CA$9.09
    Electrovaya
    7D
    13.1%
    1Y
    201.0%

    There's No Escaping Electrovaya Inc.'s (TSE:ELVA) Muted Revenues Despite A 25% Share Price Rise

    Sep 14
    There's No Escaping Electrovaya Inc.'s (TSE:ELVA) Muted Revenues Despite A 25% Share Price Rise
    EMM
    CA$0.07
    Giyani Metals
    7D
    0%
    1Y
    -12.5%
    EXRO
    CA$0.02
    Exro Technologies
    7D
    33.3%
    1Y
    -92.9%
    GMG
    CA$0.77
    Graphene Manufacturing Group
    7D
    -9.4%
    1Y
    28.3%
    FCLI
    CA$0.28
    Full Circle Lithium
    7D
    1.9%
    1Y
    34.1%
    SWAN
    CA$1.47
    Black Swan Graphene
    7D
    -8.1%
    1Y
    83.8%
    HPS.A
    CA$116.34
    Hammond Power Solutions
    7D
    -1.5%
    1Y
    -13.5%
    SPRQ
    CA$0.75
    SPARQ Systems
    7D
    1.4%
    1Y
    1.4%
    GRD
    CA$0.055
    Grounded Lithium
    7D
    -8.3%
    1Y
    57.1%
    SUN
    CA$0.09
    Stardust Solar Energy
    7D
    -5.3%
    1Y
    n/a
    BLDP
    CA$3.47
    Ballard Power Systems
    7D
    29.5%
    1Y
    47.7%

    Overvaluation And Policy Tailwinds Will Reshape Hydrogen Mobility

    Despite ongoing restructuring under new leadership and a strong cash position to weather hydrogen market headwinds, continued uncertainty and execution risks have prompted analysts to maintain a cautious outlook, leaving Ballard Power Systems’ consensus price target unchanged at CA$1.62. Analyst Commentary Ballard Power is undertaking a restructuring under new leadership with the goal to achieve profitability and be cash flow positive by the end of 2027.
    HMM.A
    CA$9.35
    Hammond Manufacturing
    7D
    -3.5%
    1Y
    6.9%
    NHHH
    CA$0.075
    FuelPositive
    7D
    0%
    1Y
    87.5%