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Canadian (TSX) Electrical Industry Analysis

UpdatedNov 04, 2025
DataAggregated Company Financials
Companies13
  • 7D10.4%
  • 3M63.1%
  • 1Y90.1%
  • YTD68.1%

Over the last 7 days, the Electrical industry has risen 10%, driven by gains from Hammond Power Solutions of 16%. Meanwhile, NEO Battery Materials actually underperformed within the industry, shrinking 10.0% in the last week. This takes the industry's 12 month performance to a gain of 90%. Earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Nov 2025CA$5.0bCA$1.3b-CA$364,159,730.9831.7x-13.9x3.9x
Thu, 02 Oct 2025CA$3.5bCA$1.3b-CA$365,385,934.1418.8x-9.5x2.7x
Sat, 30 Aug 2025CA$3.1bCA$1.3b-CA$359,183,432.5117.7x-8.7x2.5x
Mon, 28 Jul 2025CA$3.1bCA$1.3b-CA$384,744,908.2811.6x-7.9x2.4x
Wed, 25 Jun 2025CA$2.7bCA$1.2b-CA$370,737,773.4710.7x-7.3x2.2x
Fri, 23 May 2025CA$2.4bCA$1.2b-CA$368,997,905.859.3x-6.5x2x
Sun, 20 Apr 2025CA$2.1bCA$1.2b-CA$717,209,300.379.4x-3x1.7x
Tue, 18 Mar 2025CA$2.2bCA$1.2b-CA$731,093,117.259.9x-3.1x1.9x
Thu, 13 Feb 2025CA$2.4bCA$1.2b-CA$724,061,242.176.1x-3.4x2x
Sat, 11 Jan 2025CA$2.9bCA$1.2b-CA$730,460,226.486.2x-4x2.3x
Mon, 09 Dec 2024CA$2.9bCA$1.2b-CA$709,722,463.6515x-4.1x2.4x
Wed, 06 Nov 2024CA$2.8bCA$1.2b-CA$471,538,771.9820.5x-5.9x2.3x
Fri, 04 Oct 2024CA$3.1bCA$1.2b-CA$272,737,647.0224.9x-11.4x2.6x
Sun, 01 Sep 2024CA$2.9bCA$1.2b-CA$303,989,578.4522.6x-9.7x2.4x
Tue, 30 Jul 2024CA$3.1bCA$1.2b-CA$279,707,727.3819.6x-11.2x2.6x
Thu, 27 Jun 2024CA$2.9bCA$1.2b-CA$288,658,045.9623.1x-10.2x2.5x
Sat, 25 May 2024CA$3.5bCA$1.2b-CA$290,248,580.0316.9x-12.1x3x
Mon, 22 Apr 2024CA$3.4bCA$1.2b-CA$259,507,982.0024.8x-13x2.9x
Wed, 20 Mar 2024CA$3.2bCA$1.1b-CA$257,367,250.4122.9x-12.4x2.8x
Fri, 16 Feb 2024CA$3.4bCA$1.1b-CA$272,421,081.3620.4x-12.4x3.1x
Sun, 14 Jan 2024CA$3.2bCA$1.1b-CA$283,627,415.0016.3x-11.1x2.8x
Tue, 12 Dec 2023CA$3.2bCA$1.1b-CA$296,534,770.0015.5x-10.9x2.9x
Thu, 09 Nov 2023CA$3.2bCA$1.1b-CA$310,717,185.0012.7x-10.3x2.9x
Sat, 07 Oct 2023CA$3.0bCA$1.1b-CA$283,374,837.0010.3x-10.7x2.8x
Mon, 04 Sep 2023CA$3.3bCA$1.1b-CA$275,033,670.0011.4x-12x3.1x
Wed, 02 Aug 2023CA$3.5bCA$1.0b-CA$298,553,504.0013.5x-11.6x3.4x
Fri, 30 Jun 2023CA$3.2bCA$1.0b-CA$297,847,797.0011.1x-10.6x3.1x
Sun, 28 May 2023CA$3.2bCA$1.0b-CA$316,500,312.009.8x-10.1x3.1x
Tue, 25 Apr 2023CA$3.3bCA$990.6m-CA$339,414,516.009.9x-9.7x3.3x
Thu, 23 Mar 2023CA$3.5bCA$990.3m-CA$339,890,303.009.6x-10.4x3.6x
Sat, 18 Feb 2023CA$3.8bCA$980.0m-CA$363,242,393.008.9x-10.4x3.9x
Mon, 16 Jan 2023CA$3.4bCA$939.5m-CA$342,254,283.007.2x-9.9x3.6x
Wed, 14 Dec 2022CA$3.2bCA$941.2m-CA$341,937,891.007.4x-9.3x3.4x
Fri, 11 Nov 2022CA$3.3bCA$939.6m-CA$331,921,169.007.8x-9.8x3.5x
Price to Earnings Ratio

-9.8x


Total Market Cap: CA$3.3bTotal Earnings: -CA$331,921,169.00Total Revenue: CA$939.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.3x202320242025
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 3.9x.
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 11% 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 Market-0.17%
Industrials-1.75%
Electrical10.36%
Electrical Components10.36%
Heavy Electrical Equipment0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 31% over the next 5 years.
    • This is better than its past earnings growth rate of 19% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 31% 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$215.0016.5%
    +CA$362.4m    		83.9%PE31.7x
    		BLDP Ballard Power SystemsCA$5.015.0%
    +CA$72.1m    		108.8%PS14.8x
    		GMG Graphene Manufacturing GroupCA$1.2325.5%
    +CA$29.4m    		105.0%PS663.8x
    		ELVA ElectrovayaCA$9.002.9%
    +CA$10.0m    		214.7%PE213.9x
    		HEAT Hillcrest Energy TechnologiesCA$0.140%
    CA$4.0m    		-32.5%PE-2x

    Latest News

    HPS.A
    CA$215.00
    Hammond Power Solutions
    7D
    16.5%
    1Y
    83.9%
    HEAT
    CA$0.14
    Hillcrest Energy Technologies
    7D
    0%
    1Y
    -32.5%
    NBM
    CA$0.54
    NEO Battery Materials
    7D
    -10.0%
    1Y
    20.0%
    PLUG
    CA$0.38
    Energy Plug Technologies
    7D
    8.6%
    1Y
    590.9%

    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$1.22
    Black Swan Graphene
    7D
    6.1%
    1Y
    69.4%

    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
    BLDP
    CA$5.01
    Ballard Power Systems
    7D
    5.0%
    1Y
    108.8%

    Analyst Commentary Highlights Shifting Outlook and Modest Valuation Upside for Ballard Power Systems

    The consensus analyst price target for Ballard Power Systems has increased from $1.62 to $1.78 per share. Analysts cite a healthier sector outlook, improved policy environment, and the company's ongoing restructuring efforts as key factors supporting the modestly higher valuation.
    EMM
    CA$0.10
    Giyani Metals
    7D
    -16.0%
    1Y
    -4.5%
    GMG
    CA$1.23
    Graphene Manufacturing Group
    7D
    25.5%
    1Y
    105.0%
    EGT
    CA$0.14
    Eguana Technologies
    7D
    -3.6%
    1Y
    170.0%
    DYA
    CA$0.13
    dynaCERT
    7D
    -3.7%
    1Y
    -36.6%
    ELVA
    CA$9.00
    Electrovaya
    7D
    2.9%
    1Y
    214.7%

    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
    FCLI
    CA$0.39
    Full Circle Lithium
    7D
    11.6%
    1Y
    67.4%
    ABND
    CA$0.04
    Abound Energy
    7D
    -11.1%
    1Y
    -46.7%