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Canadian (TSX) Electrical Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies15
  • 7D-4.5%
  • 3M10.5%
  • 1Y97.0%
  • YTD3.1%

Over the last 7 days, the Electrical industry has dropped 4.5%, driven by Hammond Power Solutions declining 1.9%. In contrast, Electrovaya has gained 5.7%. In the past year, the industry has gained 97%. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Mar 2026CA$4.6bCA$1.3b-CA$119,245,509.3129x-38.6x3.4x
Thu, 29 Jan 2026CA$4.7bCA$1.3b-CA$119,739,310.0626.7x-39.6x3.5x
Sat, 27 Dec 2025CA$4.3bCA$1.3b-CA$120,379,490.5923.7x-35.4x3.2x
Mon, 24 Nov 2025CA$3.9bCA$1.3b-CA$127,131,281.0722.9x-30.9x3x
Wed, 22 Oct 2025CA$4.1bCA$1.3b-CA$367,494,473.9420.6x-11.3x3.2x
Fri, 19 Sep 2025CA$3.3bCA$1.3b-CA$359,403,825.0317.5x-9.3x2.6x
Sun, 17 Aug 2025CA$3.2bCA$1.3b-CA$366,317,007.9019x-8.6x2.5x
Tue, 15 Jul 2025CA$2.9bCA$1.2b-CA$374,288,820.1911.1x-7.9x2.4x
Thu, 12 Jun 2025CA$2.7bCA$1.2b-CA$368,892,774.8410.2x-7.3x2.2x
Sat, 10 May 2025CA$2.3bCA$1.2b-CA$649,506,455.199x-3.6x1.9x
Mon, 07 Apr 2025CA$2.0bCA$1.2b-CA$729,827,522.388.6x-2.7x1.6x
Wed, 05 Mar 2025CA$2.1bCA$1.2b-CA$742,690,125.249.6x-2.9x1.7x
Fri, 31 Jan 2025CA$2.6bCA$1.2b-CA$730,760,057.815.9x-3.6x2.1x
Sun, 29 Dec 2024CA$3.0bCA$1.2b-CA$721,424,074.626.4x-4.1x2.4x
Tue, 26 Nov 2024CA$2.9bCA$1.2b-CA$720,431,189.1425x-4x2.4x
Thu, 24 Oct 2024CA$3.0bCA$1.2b-CA$277,111,885.4124.6x-10.8x2.4x
Sat, 21 Sep 2024CA$3.1bCA$1.2b-CA$273,523,270.7725.9x-11.3x2.5x
Mon, 19 Aug 2024CA$2.8bCA$1.2b-CA$307,714,299.3221.2x-9.2x2.3x
Wed, 17 Jul 2024CA$3.0bCA$1.2b-CA$287,208,769.7423.1x-10.5x2.5x
Fri, 14 Jun 2024CA$3.2bCA$1.2b-CA$289,503,641.5323x-11x2.7x
Sun, 12 May 2024CA$3.2bCA$1.2b-CA$275,557,187.2922.6x-11.5x2.7x
Tue, 09 Apr 2024CA$3.9bCA$1.2b-CA$257,055,168.3929.3x-15.2x3.4x
Thu, 07 Mar 2024CA$3.4bCA$1.1b-CA$279,191,196.9722.3x-12.3x3.2x
Sat, 03 Feb 2024CA$3.3bCA$1.1b-CA$279,953,107.0019.1x-11.6x2.9x
Mon, 01 Jan 2024CA$3.2bCA$1.1b-CA$281,817,951.0015.8x-11.4x2.9x
Wed, 29 Nov 2023CA$3.1bCA$1.1b-CA$302,440,171.0015.6x-10.3x2.8x
Fri, 27 Oct 2023CA$2.9bCA$1.1b-CA$288,498,614.0011.5x-10.2x2.7x
Sun, 24 Sep 2023CA$3.1bCA$1.1b-CA$279,142,286.0010.5x-11x2.8x
Tue, 22 Aug 2023CA$3.2bCA$1.1b-CA$270,154,153.0010.9x-12x3x
Thu, 20 Jul 2023CA$3.5bCA$1.0b-CA$296,468,929.0012.6x-11.7x3.4x
Sat, 17 Jun 2023CA$3.2bCA$1.0b-CA$297,039,318.0010.6x-10.7x3.1x
Mon, 15 May 2023CA$3.3bCA$1.0b-CA$311,300,739.009.7x-10.5x3.1x
Wed, 12 Apr 2023CA$3.5bCA$989.9m-CA$343,784,015.009.9x-10.3x3.6x
Fri, 10 Mar 2023CA$3.7bCA$1.0b-CA$353,125,726.009.2x-10.6x3.7x
Price to Earnings Ratio

-10.6x


Total Market Cap: CA$3.7bTotal Earnings: -CA$353,125,726.00Total Revenue: CA$1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -11.9x202420252026
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 3.4x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 9.9% 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 Market1.82%
Industrials2.71%
Electrical-4.50%
Heavy Electrical Equipment0%0
Electrical Components-4.50%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 26% over the next 5 years.
    • This is better than its past earnings growth rate of 6.0% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 26% 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
    		ELVA ElectrovayaCA$10.605.7%
    +CA$29.5m    		251.0%PE79.5x
    		BLDP Ballard Power SystemsCA$2.973.1%
    +CA$27.1m    		82.2%PS7.2x
    		FCLI Full Circle LithiumCA$0.3821.0%
    +CA$6.4m    		-11.8%PS38.9x
    		NBM NEO Battery MaterialsCA$0.722.9%
    +CA$3.1m    		-1.4%PB12.4x
    		SUN Stardust Solar EnergyCA$0.114.8%
    +CA$494.0k    		-35.3%PS2.3x

    Latest News

    FCLI
    CA$0.38
    Full Circle Lithium
    7D
    21.0%
    1Y
    -11.8%
    HPS.A
    CA$199.45
    Hammond Power Solutions
    7D
    -1.9%
    1Y
    148.5%
    ELVA
    CA$10.60
    Electrovaya
    7D
    5.7%
    1Y
    251.0%

    ELVA: Fiscal 2026 Purchase Pipeline Will Drive Returns

    Analysts have nudged their fair value price target for Electrovaya higher from CA$11.77 to CA$12.49, citing updated views on revenue growth, profit margins, and a slightly adjusted discount rate and future P/E assumption. What's in the News Electrovaya reaffirmed earnings guidance for fiscal 2026, pointing to estimated revenue growth above 30% over fiscal 2025, with expected revenue in excess of $83 million, supported by existing purchase orders and an anticipated customer pipeline (company guidance).
    NBM
    CA$0.72
    NEO Battery Materials
    7D
    2.9%
    1Y
    -1.4%
    SUN
    CA$0.11
    Stardust Solar Energy
    7D
    4.8%
    1Y
    -35.3%
    BLDP
    CA$2.97
    Ballard Power Systems
    7D
    3.1%
    1Y
    82.2%

    BLDP: Restructuring And Market Refocus Will Test Overvalued Shares

    Analysts lifted their price target on Ballard Power Systems to CA$2.50 from CA$2.00, citing the company's restructuring, spending cuts, exit from China and Texas, and tighter focus on European and U.S. transit markets as reasons for seeing a more balanced risk and reward profile. Analyst Commentary Recent research on Ballard Power Systems points to a more balanced view, with some improvement in sentiment but still a clear layer of caution around execution, growth prospects, and valuation risk.
    QESS
    CA$0.39
    Aegis Critical Energy Defence
    7D
    -4.9%
    1Y
    254.5%

    Is Aegis Critical Energy Defence (CSE:QESS) In A Good Position To Deliver On Growth Plans?

    Feb 11
    Is Aegis Critical Energy Defence (CSE:QESS) In A Good Position To Deliver On Growth Plans?
    HPSS
    CA$0.05
    Hybrid Power Solutions
    7D
    -16.7%
    1Y
    42.9%
    HEAT
    CA$0.18
    Hillcrest Energy Technologies
    7D
    -7.7%
    1Y
    71.4%
    GMG
    CA$2.21
    Graphene Manufacturing Group
    7D
    -6.0%
    1Y
    82.6%
    DYA
    CA$0.10
    dynaCERT
    7D
    -4.8%
    1Y
    -33.3%
    GRD
    CA$0.06
    Grounded Lithium
    7D
    9.1%
    1Y
    100.0%
    SWAN
    CA$0.95
    Black Swan Graphene
    7D
    -9.5%
    1Y
    1.1%

    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
    NHHH
    CA$0.045
    FuelPositive
    7D
    -10.0%
    1Y
    n/a