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Canadian (TSX) Electrical Industry Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies15
  • 7D2.1%
  • 3M8.9%
  • 1Y58.0%
  • YTD6.1%

Over the last 7 days, the Electrical industry has risen 1.8%, driven by gains from Graphene Manufacturing Group of 35%. This means that the industry has gained 57% over the past year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026CA$4.6bCA$1.3b-CA$123,771,949.7523.3x-37.4x3.4x
Mon, 15 Dec 2025CA$4.3bCA$1.3b-CA$121,508,589.0925.9x-35.7x3.2x
Wed, 12 Nov 2025CA$4.6bCA$1.3b-CA$363,356,488.3726.3x-12.8x3.6x
Fri, 10 Oct 2025CA$4.0bCA$1.3b-CA$367,831,810.9520.3x-10.9x3.2x
Sun, 07 Sep 2025CA$3.1bCA$1.3b-CA$361,017,902.2818.2x-8.5x2.4x
Tue, 05 Aug 2025CA$3.1bCA$1.3b-CA$388,773,184.8012.6x-7.9x2.4x
Thu, 03 Jul 2025CA$2.8bCA$1.2b-CA$365,271,710.4411.3x-7.8x2.3x
Sat, 31 May 2025CA$2.5bCA$1.2b-CA$365,968,297.229.4x-6.7x2x
Mon, 28 Apr 2025CA$2.2bCA$1.2b-CA$717,739,288.229.8x-3.1x1.8x
Wed, 26 Mar 2025CA$2.4bCA$1.2b-CA$727,121,607.5010.1x-3.2x1.9x
Fri, 21 Feb 2025CA$2.5bCA$1.2b-CA$720,745,395.856.1x-3.5x2x
Sun, 19 Jan 2025CA$2.9bCA$1.2b-CA$731,785,721.535.7x-3.9x2.3x
Tue, 17 Dec 2024CA$2.9bCA$1.2b-CA$715,983,495.806.6x-4x2.3x
Thu, 14 Nov 2024CA$2.8bCA$1.2b-CA$515,186,636.7022.7x-5.4x2.3x
Sat, 12 Oct 2024CA$3.1bCA$1.2b-CA$276,012,262.4127.2x-11.4x2.6x
Mon, 09 Sep 2024CA$2.6bCA$1.2b-CA$273,375,006.4019.4x-9.6x2.2x
Wed, 07 Aug 2024CA$2.9bCA$1.2b-CA$279,744,088.7820.1x-10.2x2.4x
Fri, 05 Jul 2024CA$3.0bCA$1.2b-CA$286,254,903.3422.8x-10.6x2.5x
Sun, 02 Jun 2024CA$3.4bCA$1.2b-CA$288,611,952.8123.8x-11.7x2.8x
Tue, 30 Apr 2024CA$3.5bCA$1.2b-CA$249,445,459.4425.3x-13.9x3x
Thu, 28 Mar 2024CA$3.3bCA$1.1b-CA$251,707,967.4524.4x-13.2x3x
Sat, 24 Feb 2024CA$3.3bCA$1.1b-CA$278,608,876.8321.6x-11.8x3x
Mon, 22 Jan 2024CA$3.1bCA$1.1b-CA$283,943,463.0018x-10.9x2.8x
Wed, 20 Dec 2023CA$3.2bCA$1.1b-CA$292,740,558.0015.1x-10.8x2.8x
Fri, 17 Nov 2023CA$3.2bCA$1.1b-CA$307,608,209.0015x-10.5x2.9x
Sun, 15 Oct 2023CA$3.1bCA$1.1b-CA$285,891,730.0011.2x-10.9x2.9x
Tue, 12 Sep 2023CA$3.3bCA$1.1b-CA$280,586,669.0011x-11.9x3.1x
Thu, 10 Aug 2023CA$3.6bCA$1.1b-CA$299,251,522.0012.1x-12x3.4x
Sat, 08 Jul 2023CA$3.1bCA$1.0b-CA$298,392,493.0011.3x-10.5x3x
Mon, 05 Jun 2023CA$3.1bCA$1.0b-CA$301,298,368.009.9x-10.3x3x
Wed, 03 May 2023CA$3.2bCA$998.1m-CA$339,167,888.0010.8x-9.5x3.2x
Fri, 31 Mar 2023CA$3.7bCA$988.1m-CA$336,256,687.0010.2x-10.9x3.7x
Sun, 26 Feb 2023CA$3.5bCA$981.6m-CA$365,702,473.009x-9.7x3.6x
Tue, 24 Jan 2023CA$3.6bCA$939.3m-CA$341,930,543.007.4x-10.4x3.8x
Price to Earnings Ratio

-10.4x


Total Market Cap: CA$3.6bTotal Earnings: -CA$341,930,543.00Total Revenue: CA$939.3mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -10.7x202420252026
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 13% 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 Market1.62%
Industrials1.19%
Electrical2.06%
Electrical Components2.06%
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
    		GMG Graphene Manufacturing GroupCA$3.4739.9%
    +CA$125.0m    		362.7%PS1722.6x
    		ELVA ElectrovayaCA$13.6811.2%
    +CA$66.1m    		278.9%PE139.9x
    		BLDP Ballard Power SystemsCA$3.890.8%
    +CA$9.0m    		69.1%PS9.3x
    		NBM NEO Battery MaterialsCA$0.758.7%
    +CA$8.5m    		-14.8%PB156.3x
    		SWAN Black Swan GrapheneCA$1.208.1%
    +CA$4.8m    		87.5%PB4.7x

    Latest News

    NBM
    CA$0.75
    NEO Battery Materials
    7D
    8.7%
    1Y
    -14.8%
    HEAT
    CA$0.20
    Hillcrest Energy Technologies
    7D
    21.2%
    1Y
    66.7%
    FCLI
    CA$0.38
    Full Circle Lithium
    7D
    -13.8%
    1Y
    38.9%
    HPS.A
    CA$158.14
    Hammond Power Solutions
    7D
    -4.2%
    1Y
    35.2%

    HPS.A: Rising Grid Demand And Acquisitions Will Support Long Term Margins

    Analysts have raised their price targets on Hammond Power Solutions to a range of C$195 to C$211, citing updated assumptions on discount rates and long term P/E that align the Street view more closely with the current C$215.25 fair value estimate. Analyst Commentary Recent target changes show that Street expectations are converging around the current fair value estimate, with bullish analysts lifting their targets into a C$195 to C$211 range while maintaining positive ratings on the shares.
    QESS
    CA$0.41
    Aegis Critical Energy Defence
    7D
    -1.2%
    1Y
    118.9%
    HPSS
    CA$0.05
    Hybrid Power Solutions
    7D
    -9.1%
    1Y
    42.9%
    ELVA
    CA$13.68
    Electrovaya
    7D
    11.2%
    1Y
    278.9%

    ELVA: Equity Raise And Japan Expansion Will Shape Measured Forward Return Profile

    Analysts have lifted their price target on Electrovaya from about US$9.49 to roughly US$11.75, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News Electrovaya completed a follow on equity offering of 4,700,000 common shares at US$5.20 per share, raising about US$24.44m, with a stated discount of US$0.312 per share (Key Developments).
    BLDP
    CA$3.89
    Ballard Power Systems
    7D
    0.8%
    1Y
    69.1%

    BLDP: Softer Backlog And Bookings Will Likely Outweigh Margin Surprise

    Analysts have lifted their price targets on Ballard Power Systems into a roughly US$2.50 to US$3.40 range from prior levels around US$1.00 to US$2.00, citing better than expected Q3 revenue and gross margins, early signs of improved margin potential, and a more constructive clean tech backdrop, while they continue to wait for clearer growth visibility and order trends. Analyst Commentary Recent Street research around Ballard Power Systems clusters around higher price targets within a relatively tight band, but views still split between cautious and more constructive outlooks on execution and growth.
    DYA
    CA$0.095
    dynaCERT
    7D
    5.6%
    1Y
    -45.7%
    GMG
    CA$3.47
    Graphene Manufacturing Group
    7D
    39.9%
    1Y
    362.7%
    EMM
    CA$0.09
    Giyani Metals
    7D
    12.5%
    1Y
    5.9%
    SPRQ
    CA$0.74
    SPARQ Systems
    7D
    -12.9%
    1Y
    -41.7%
    EGT
    CA$0.10
    Eguana Technologies
    7D
    -4.5%
    1Y
    -47.5%
    HMM.A
    CA$10.70
    Hammond Manufacturing
    7D
    -0.5%
    1Y
    13.8%
    SWAN
    CA$1.20
    Black Swan Graphene
    7D
    8.1%
    1Y
    87.5%

    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$0.065
    FuelPositive
    7D
    -7.1%
    1Y
    116.7%