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Canadian (TSX) Electrical Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies14
  • 7D2.2%
  • 3M33.3%
  • 1Y45.8%
  • YTD37.7%

The Electrical industry is up 2.2% in the last week, with Electrovaya up 22%. In the last 12 months, the industry was up 46%. Looking forward, 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
Sat, 13 Dec 2025CA$4.4bCA$1.3b-CA$121,508,589.0925.9x-36.1x3.3x
Mon, 10 Nov 2025CA$4.6bCA$1.3b-CA$363,977,093.9327.2x-12.8x3.6x
Wed, 08 Oct 2025CA$4.1bCA$1.3b-CA$365,739,006.9518.9x-11.1x3.2x
Fri, 05 Sep 2025CA$3.1bCA$1.3b-CA$360,206,839.9518.1x-8.5x2.4x
Sun, 03 Aug 2025CA$3.1bCA$1.3b-CA$388,773,184.8012.6x-7.9x2.4x
Tue, 01 Jul 2025CA$2.7bCA$1.2b-CA$366,269,055.6811.4x-7.4x2.2x
Thu, 29 May 2025CA$2.4bCA$1.2b-CA$367,720,613.059.4x-6.7x2x
Sat, 26 Apr 2025CA$2.3bCA$1.2b-CA$717,739,288.229.8x-3.2x1.9x
Mon, 24 Mar 2025CA$2.3bCA$1.2b-CA$729,200,039.159.8x-3.2x1.9x
Wed, 19 Feb 2025CA$2.5bCA$1.2b-CA$721,207,352.616.1x-3.5x2x
Fri, 17 Jan 2025CA$2.8bCA$1.2b-CA$729,482,023.436x-3.9x2.3x
Sun, 15 Dec 2024CA$2.9bCA$1.2b-CA$715,498,737.176.7x-4x2.3x
Tue, 12 Nov 2024CA$2.8bCA$1.2b-CA$512,777,063.7722.1x-5.5x2.3x
Thu, 10 Oct 2024CA$3.2bCA$1.2b-CA$275,148,194.1626.7x-11.5x2.6x
Sat, 07 Sep 2024CA$2.6bCA$1.2b-CA$273,882,291.4019.4x-9.6x2.2x
Mon, 05 Aug 2024CA$2.9bCA$1.2b-CA$281,154,756.2919.6x-10.2x2.3x
Wed, 03 Jul 2024CA$3.0bCA$1.2b-CA$287,065,586.8422.3x-10.6x2.6x
Fri, 31 May 2024CA$3.4bCA$1.2b-CA$289,314,031.7124.2x-11.8x2.9x
Sun, 28 Apr 2024CA$3.5bCA$1.2b-CA$249,476,596.7525.9x-13.9x3x
Tue, 26 Mar 2024CA$3.3bCA$1.1b-CA$251,924,619.9423.9x-13.1x2.9x
Thu, 22 Feb 2024CA$3.3bCA$1.1b-CA$273,065,692.5720.8x-12.1x3x
Sat, 20 Jan 2024CA$3.1bCA$1.1b-CA$284,574,799.0018x-10.7x2.7x
Mon, 18 Dec 2023CA$3.2bCA$1.1b-CA$293,393,829.0015.5x-11x2.9x
Wed, 15 Nov 2023CA$3.1bCA$1.1b-CA$316,508,244.0014.3x-9.7x2.8x
Fri, 13 Oct 2023CA$3.2bCA$1.1b-CA$286,415,281.0011.5x-11.1x3x
Sun, 10 Sep 2023CA$3.3bCA$1.1b-CA$281,478,151.0011x-11.8x3.1x
Tue, 08 Aug 2023CA$3.6bCA$1.1b-CA$298,580,073.0012.3x-12.2x3.4x
Thu, 06 Jul 2023CA$3.2bCA$1.0b-CA$298,438,742.0011.8x-10.7x3.1x
Sat, 03 Jun 2023CA$3.1bCA$1.0b-CA$301,548,448.009.9x-10.3x3x
Mon, 01 May 2023CA$3.2bCA$990.7m-CA$339,572,499.0010.6x-9.6x3.3x
Wed, 29 Mar 2023CA$3.5bCA$988.9m-CA$337,604,085.009.6x-10.5x3.6x
Fri, 24 Feb 2023CA$3.6bCA$980.8m-CA$364,501,083.009x-9.9x3.7x
Sun, 22 Jan 2023CA$3.2bCA$939.4m-CA$342,060,405.007.4x-9.4x3.4x
Tue, 20 Dec 2022CA$3.0bCA$942.2m-CA$343,743,153.007.2x-8.8x3.2x
Price to Earnings Ratio

-8.8x


Total Market Cap: CA$3.0bTotal Earnings: -CA$343,743,153.00Total Revenue: CA$942.2mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.9x202320242025
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 3.3x.
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 Market0.70%
Industrials-0.17%
Electrical2.19%
Electrical Components2.19%
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 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 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
    		ELVA ElectrovayaCA$9.0222.2%
    +CA$78.5m    		150.6%PE93.3x
    		HPS.A Hammond Power SolutionsCA$175.762.5%
    +CA$52.0m    		37.8%PE25.9x
    		GMG Graphene Manufacturing GroupCA$1.4017.6%
    +CA$24.7m    		125.8%PS677.2x
    		NHHH FuelPositiveCA$0.077.7%
    +CA$2.8m    		100.0%PB2.7x
    		EGT Eguana TechnologiesCA$0.143.6%
    +CA$226.0k    		-3.3%PS2.8x

    Latest News

    ELVA
    CA$9.02
    Electrovaya
    7D
    22.2%
    1Y
    150.6%
    GMG
    CA$1.40
    Graphene Manufacturing Group
    7D
    17.6%
    1Y
    125.8%
    HPS.A
    CA$175.76
    Hammond Power Solutions
    7D
    2.5%
    1Y
    37.8%

    HPS.A: Future Margin Durability Will Underpin Further Upside Momentum

    Analysts have lifted their price target for Hammond Power Solutions to about C$211 from C$154, reflecting increased confidence in the company’s growth trajectory and margin durability, despite a slightly higher discount rate assumption. Analyst Commentary Bullish analysts point to the higher price targets as evidence that the market is still catching up to Hammond Power Solutions’ accelerating growth and improving profitability profile.
    BLDP
    CA$3.76
    Ballard Power Systems
    7D
    -3.8%
    1Y
    64.2%

    BLDP: Weak Order Backlog Will Likely Offset Margin Improvements Ahead

    Analysts have lifted their price target on Ballard Power Systems to a range of approximately $2.50 to $3.40 from prior levels near $1 to $2 per share, citing stronger than expected Q3 revenue and gross margins, improving 2026 margin prospects, and a more supportive clean tech cycle, even as they await clearer visibility on long term growth and order momentum. Analyst Commentary Research coverage on Ballard Power Systems has shifted toward a more constructive stance, with several firms lifting their price targets while largely maintaining cautious ratings.
    SPRQ
    CA$0.65
    SPARQ Systems
    7D
    -3.0%
    1Y
    -12.2%
    EGT
    CA$0.14
    Eguana Technologies
    7D
    3.6%
    1Y
    -3.3%
    HEAT
    CA$0.10
    Hillcrest Energy Technologies
    7D
    -4.5%
    1Y
    -44.7%
    HMM.A
    CA$11.33
    Hammond Manufacturing
    7D
    -3.6%
    1Y
    2.4%
    BES
    CA$0.06
    Braille Energy Systems
    7D
    -7.7%
    1Y
    -7.7%
    HPSS
    CA$0.055
    Hybrid Power Solutions
    7D
    -15.4%
    1Y
    37.5%
    QESS
    CA$0.27
    Aegis Critical Energy Defence
    7D
    -15.9%
    1Y
    253.3%

    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$0.91
    Black Swan Graphene
    7D
    -9.0%
    1Y
    26.4%

    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
    NHHH
    CA$0.07
    FuelPositive
    7D
    7.7%
    1Y
    100.0%