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Canadian (TSX) Electrical Industry Analysis

UpdatedDec 10, 2025
DataAggregated Company Financials
Companies14
  • 7D3.8%
  • 3M35.1%
  • 1Y41.3%
  • YTD37.4%

Over the last 7 days, the Electrical industry has risen 3.3%, driven by gains from Hammond Power Solutions of 2.9%. Meanwhile, Black Swan Graphene actually underperformed within the industry, shrinking 7.6% in the last week. This means that the industry has gained 39% over the past year. 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
Wed, 10 Dec 2025CA$4.3bCA$1.3b-CA$125,547,502.6826.2x-34.4x3.3x
Fri, 07 Nov 2025CA$5.0bCA$1.3b-CA$366,588,995.4527.8x-13.7x3.9x
Sun, 05 Oct 2025CA$3.9bCA$1.3b-CA$365,709,470.5318.9x-10.6x3x
Tue, 02 Sep 2025CA$3.1bCA$1.3b-CA$359,262,378.5117.7x-8.6x2.4x
Thu, 31 Jul 2025CA$3.0bCA$1.3b-CA$389,555,012.0712.3x-7.8x2.4x
Sat, 28 Jun 2025CA$2.7bCA$1.2b-CA$369,163,392.0611x-7.4x2.2x
Mon, 26 May 2025CA$2.4bCA$1.2b-CA$364,838,911.319.1x-6.5x2x
Wed, 23 Apr 2025CA$2.0bCA$1.2b-CA$716,472,931.569.2x-2.8x1.7x
Fri, 21 Mar 2025CA$2.3bCA$1.2b-CA$732,111,760.3710x-3.1x1.9x
Sun, 16 Feb 2025CA$2.5bCA$1.2b-CA$720,660,321.736.2x-3.5x2x
Tue, 14 Jan 2025CA$2.9bCA$1.2b-CA$729,497,971.535.9x-3.9x2.3x
Thu, 12 Dec 2024CA$3.0bCA$1.2b-CA$710,129,527.1315.1x-4.2x2.4x
Sat, 09 Nov 2024CA$2.8bCA$1.2b-CA$512,462,062.2521.7x-5.4x2.3x
Mon, 07 Oct 2024CA$3.0bCA$1.2b-CA$272,948,402.8725x-11.2x2.5x
Wed, 04 Sep 2024CA$2.9bCA$1.2b-CA$305,146,742.5220.8x-9.6x2.4x
Fri, 02 Aug 2024CA$3.1bCA$1.2b-CA$281,297,198.0921.2x-11.1x2.6x
Sun, 30 Jun 2024CA$3.0bCA$1.2b-CA$287,249,409.7623.9x-10.6x2.6x
Tue, 28 May 2024CA$3.6bCA$1.2b-CA$289,391,618.9616.6x-12.5x3x
Thu, 25 Apr 2024CA$3.4bCA$1.2b-CA$258,710,201.4825.6x-13.1x2.9x
Sat, 23 Mar 2024CA$3.3bCA$1.1b-CA$258,016,256.9024.1x-12.8x2.9x
Mon, 19 Feb 2024CA$3.4bCA$1.1b-CA$272,743,902.8320.4x-12.3x3.1x
Wed, 17 Jan 2024CA$3.2bCA$1.1b-CA$285,039,301.0016.6x-11.1x2.8x
Fri, 15 Dec 2023CA$3.3bCA$1.1b-CA$293,851,819.0015.9x-11.1x2.9x
Sun, 12 Nov 2023CA$3.1bCA$1.1b-CA$315,546,130.0013.9x-10x2.8x
Tue, 10 Oct 2023CA$3.0bCA$1.1b-CA$283,374,837.0010.3x-10.7x2.8x
Thu, 07 Sep 2023CA$3.4bCA$1.1b-CA$280,969,328.0011.6x-12.2x3.2x
Sat, 05 Aug 2023CA$3.6bCA$1.1b-CA$298,580,073.0012.3x-12.2x3.4x
Mon, 03 Jul 2023CA$3.2bCA$1.0b-CA$297,849,510.0011.2x-10.6x3.1x
Wed, 31 May 2023CA$3.1bCA$1.0b-CA$316,193,706.009.3x-9.9x3x
Fri, 28 Apr 2023CA$3.2bCA$991.2m-CA$340,444,131.0010.2x-9.4x3.2x
Sun, 26 Mar 2023CA$3.6bCA$990.4m-CA$340,062,813.009.5x-10.4x3.6x
Tue, 21 Feb 2023CA$3.8bCA$980.0m-CA$363,242,393.008.9x-10.4x3.9x
Thu, 19 Jan 2023CA$3.5bCA$940.6m-CA$344,227,817.007.9x-10x3.7x
Sat, 17 Dec 2022CA$3.2bCA$942.5m-CA$344,434,531.007.3x-9.2x3.4x
Price to Earnings Ratio

-9.2x


Total Market Cap: CA$3.2bTotal Earnings: -CA$344,434,531.00Total Revenue: CA$942.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.8x202320242025
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 Market0.24%
Industrials-1.40%
Electrical3.80%
Electrical Components3.80%
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$177.513.9%
    +CA$78.7m    		33.3%PE26.2x
    		BLDP Ballard Power SystemsCA$3.894.0%
    +CA$45.1m    		64.8%PS9.4x
    		ELVA ElectrovayaCA$7.418.5%
    +CA$27.8m    		104.7%PE213.2x
    		GMG Graphene Manufacturing GroupCA$1.317.4%
    +CA$10.6m    		107.9%PS630.9x
    		NBM NEO Battery MaterialsCA$0.524.0%
    +CA$2.8m    		-25.2%PB108.4x

    Latest News

    DYA
    CA$0.09
    dynaCERT
    7D
    -5.3%
    1Y
    -51.4%
    GMG
    CA$1.31
    Graphene Manufacturing Group
    7D
    7.4%
    1Y
    107.9%
    HPS.A
    CA$177.51
    Hammond Power Solutions
    7D
    3.9%
    1Y
    33.3%
    BLDP
    CA$3.89
    Ballard Power Systems
    7D
    4.0%
    1Y
    64.8%

    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.
    SUN
    CA$0.095
    Stardust Solar Energy
    7D
    -5.0%
    1Y
    -26.9%
    SPRQ
    CA$0.67
    SPARQ Systems
    7D
    -2.9%
    1Y
    -5.6%
    EGT
    CA$0.13
    Eguana Technologies
    7D
    4.0%
    1Y
    30.0%
    ELVA
    CA$7.41
    Electrovaya
    7D
    8.5%
    1Y
    104.7%
    HMM.A
    CA$11.61
    Hammond Manufacturing
    7D
    -1.5%
    1Y
    4.3%
    ABND
    CA$0.05
    Abound Energy
    7D
    11.1%
    1Y
    11.1%
    GRD
    CA$0.05
    Grounded Lithium
    7D
    -9.1%
    1Y
    0%
    NBM
    CA$0.52
    NEO Battery Materials
    7D
    4.0%
    1Y
    -25.2%
    BES
    CA$0.065
    Braille Energy Systems
    7D
    -7.1%
    1Y
    -13.3%
    HPSS
    CA$0.055
    Hybrid Power Solutions
    7D
    -15.4%
    1Y
    37.5%
    FCLI
    CA$0.38
    Full Circle Lithium
    7D
    1.4%
    1Y
    63.0%
    ZKL.H
    CA$0.25
    China Keli Electric
    7D
    -30.6%
    1Y
    n/a