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Canadian (TSX) Electrical Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies13
  • 7D0.7%
  • 3M16.0%
  • 1Y158.4%
  • YTD22.4%

Over the last 7 days, the Electrical industry has remained flat, although notably Ballard Power Systems gained 8.0%. As for the the longer term, the industry is up 158% over the past 12 months. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Apr 2026CA$5.4bCA$1.4b-CA$95,955,049.2537.3x-56.4x3.8x
Wed, 18 Mar 2026CA$4.6bCA$1.4b-CA$102,014,402.1728x-45.3x3.4x
Fri, 13 Feb 2026CA$4.8bCA$1.3b-CA$120,847,063.9629.7x-39.6x3.6x
Sun, 11 Jan 2026CA$4.6bCA$1.3b-CA$123,746,579.1424.4x-37.3x3.4x
Tue, 09 Dec 2025CA$4.2bCA$1.3b-CA$125,596,184.3325.6x-33.8x3.2x
Thu, 06 Nov 2025CA$4.8bCA$1.3b-CA$366,365,492.2930.7x-13.2x3.7x
Sat, 04 Oct 2025CA$3.6bCA$1.3b-CA$365,709,470.5318.9x-9.8x2.8x
Mon, 01 Sep 2025CA$3.1bCA$1.3b-CA$359,262,378.5117.7x-8.6x2.4x
Wed, 30 Jul 2025CA$3.1bCA$1.3b-CA$386,928,358.8211.8x-8x2.5x
Fri, 27 Jun 2025CA$2.7bCA$1.2b-CA$367,957,432.2511x-7.3x2.2x
Sun, 25 May 2025CA$2.4bCA$1.2b-CA$364,838,911.319.1x-6.5x2x
Tue, 22 Apr 2025CA$2.1bCA$1.2b-CA$716,856,351.888.9x-3x1.7x
Thu, 20 Mar 2025CA$2.3bCA$1.2b-CA$732,443,273.599.9x-3.1x1.9x
Sat, 15 Feb 2025CA$2.5bCA$1.2b-CA$720,660,321.736.2x-3.5x2x
Mon, 13 Jan 2025CA$2.9bCA$1.2b-CA$730,460,226.486.2x-3.9x2.3x
Wed, 11 Dec 2024CA$2.9bCA$1.2b-CA$710,472,827.4415x-4.1x2.4x
Fri, 08 Nov 2024CA$2.7bCA$1.2b-CA$472,332,245.1321.1x-5.7x2.2x
Sun, 06 Oct 2024CA$3.0bCA$1.2b-CA$272,948,402.8725x-11.2x2.5x
Tue, 03 Sep 2024CA$2.9bCA$1.2b-CA$304,303,403.5222.6x-9.7x2.4x
Thu, 01 Aug 2024CA$3.1bCA$1.2b-CA$280,275,344.0321.6x-11.2x2.6x
Sat, 29 Jun 2024CA$3.0bCA$1.2b-CA$286,389,534.7623.9x-10.6x2.6x
Mon, 27 May 2024CA$3.6bCA$1.2b-CA$290,248,580.0316.9x-12.4x3x
Wed, 24 Apr 2024CA$3.4bCA$1.2b-CA$258,079,054.2225x-13.2x2.9x
Fri, 22 Mar 2024CA$3.2bCA$1.1b-CA$256,894,616.8923.1x-12.5x2.9x
Sun, 18 Feb 2024CA$3.4bCA$1.1b-CA$272,743,902.8320.4x-12.3x3.1x
Tue, 16 Jan 2024CA$3.2bCA$1.1b-CA$284,006,839.0016.2x-11.1x2.8x
Thu, 14 Dec 2023CA$3.2bCA$1.1b-CA$295,402,350.0015.6x-10.7x2.8x
Sat, 11 Nov 2023CA$3.2bCA$1.1b-CA$310,688,130.0013.9x-10.2x2.8x
Mon, 09 Oct 2023CA$3.0bCA$1.1b-CA$283,374,837.0010.3x-10.7x2.8x
Wed, 06 Sep 2023CA$3.4bCA$1.1b-CA$280,990,497.0011.3x-12.3x3.2x
Fri, 04 Aug 2023CA$3.6bCA$1.1b-CA$299,796,189.0012.4x-12.1x3.4x
Sun, 02 Jul 2023CA$3.2bCA$1.0b-CA$297,849,510.0011.2x-10.6x3.1x
Tue, 30 May 2023CA$3.2bCA$1.0b-CA$316,135,468.009.6x-10.2x3.1x
Thu, 27 Apr 2023CA$3.2bCA$991.8m-CA$341,332,107.0010x-9.3x3.2x
Price to Earnings Ratio

-9.3x


Total Market Cap: CA$3.2bTotal Earnings: -CA$341,332,107.00Total Revenue: CA$991.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -13.4x202420252026
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 2.7x is lower than the industry's current PS ratio of 3.8x.
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 Market1.29%
Industrials0.66%
Electrical0.73%
Electrical Components0.73%
Heavy Electrical Equipment0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 23% over the next 5 years.
    • This is better than its past earnings decline of 10% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 23% 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
    		BLDP Ballard Power SystemsCA$4.3315.8%
    +CA$177.5m    		184.9%PS9.6x
    		ELVA ElectrovayaCA$13.5615.9%
    +CA$91.9m    		277.7%PE101.9x
    		GMG Graphene Manufacturing GroupCA$2.6528.6%
    +CA$73.9m    		295.5%PS1156.3x
    		HPS.A Hammond Power SolutionsCA$245.481.4%
    +CA$40.6m    		214.5%PE40.5x
    		SPRQ SPARQ SystemsCA$0.8521.4%
    +CA$17.5m    		-7.6%PS39.5x

    Latest News

    BLDP
    CA$4.33
    Ballard Power Systems
    7D
    15.8%
    1Y
    184.9%

    BLDP: Limited Order Book And Backlog Will Constrain Future Upside Potential

    Analysts have nudged their average price target on Ballard Power Systems higher, with the updated fair value estimate rising from about CA$1.47 to roughly CA$2.00. They factor in improved recent cash flow trends, stronger second half gross margins and new contract activity, while still using a slightly lower discount rate and a higher future P/E multiple.
    GMG
    CA$2.65
    Graphene Manufacturing Group
    7D
    28.6%
    1Y
    295.5%
    HPS.A
    CA$245.48
    Hammond Power Solutions
    7D
    1.4%
    1Y
    214.5%

    HPS.A: Updated Discount Rate And P/E Assumptions Will Shape Future Return Profile

    Analysts have lifted their fair value estimate for Hammond Power Solutions to CA$239.00 from CA$235.25, citing recent upward revisions to Street price targets and updated assumptions for the discount rate and forward P/E. Analyst Commentary Recent Street research has focused on incremental price target adjustments and how they line up with the updated fair value estimate of CA$239.00.
    HEAT
    CA$0.17
    Hillcrest Energy Technologies
    7D
    22.2%
    1Y
    57.1%
    ELVA
    CA$13.56
    Electrovaya
    7D
    15.9%
    1Y
    277.7%

    ELVA: Fortune 500 Orders And 2026 Guidance Will Shape Balanced Outlook

    Analysts have modestly reduced their price target on Electrovaya to reflect a slightly lower assumed future P/E multiple, while keeping core assumptions such as revenue growth, profit margin, and fair value in CA$ terms essentially unchanged. What's in the News Received new purchase orders of about US$10.5 million through its OEM sales channel for Infinity battery systems used in material handling electric vehicles at multiple distribution centers for a Fortune 500 U.S. customer (Key Developments).
    SPRQ
    CA$0.85
    SPARQ Systems
    7D
    21.4%
    1Y
    -7.6%
    HMM.A
    CA$10.21
    Hammond Manufacturing
    7D
    -4.1%
    1Y
    31.7%
    BES
    CA$0.04
    Braille Energy Systems
    7D
    -11.1%
    1Y
    -20.0%
    NBM
    CA$0.59
    NEO Battery Materials
    7D
    7.3%
    1Y
    -7.8%
    SUN
    CA$0.085
    Stardust Solar Energy
    7D
    -5.6%
    1Y
    -46.9%
    QESS
    CA$0.32
    Aegis Critical Energy Defence
    7D
    8.5%
    1Y
    276.5%

    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$0.045
    Hybrid Power Solutions
    7D
    -18.2%
    1Y
    -10.0%
    EGT
    CA$0.13
    Eguana Technologies
    7D
    -7.4%
    1Y
    78.6%