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Canadian (TSX) Electrical Industry Analysis

UpdatedJul 03, 2025
DataAggregated Company Financials
Companies13
  • 7D7.5%
  • 3M48.3%
  • 1Y4.8%
  • YTD-4.3%

Ballard Power Systems is up 17%, leading the way for the Electrical industry, which has gained 7.5%. During this same period, the Exro Technologies underperformed, falling 7.1%. This takes the industry's 12 month performance to a gain of 4.8%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 07 Jul 2025CA$2.8bCA$1.2b-CA$365,271,710.4411.3x-7.8x2.3x
Wed, 04 Jun 2025CA$2.4bCA$1.2b-CA$355,255,616.179.5x-6.6x1.9x
Fri, 02 May 2025CA$2.3bCA$1.2b-CA$717,120,732.8410.4x-3.2x1.9x
Sun, 30 Mar 2025CA$2.1bCA$1.2b-CA$727,234,880.869.3x-2.9x1.7x
Tue, 25 Feb 2025CA$2.4bCA$1.2b-CA$731,000,461.735.9x-3.2x1.9x
Thu, 23 Jan 2025CA$2.8bCA$1.2b-CA$729,228,154.545.9x-3.9x2.3x
Sat, 21 Dec 2024CA$2.7bCA$1.2b-CA$719,911,714.496.4x-3.8x2.2x
Mon, 18 Nov 2024CA$2.7bCA$1.2b-CA$724,584,083.4422.2x-3.7x2.2x
Wed, 16 Oct 2024CA$3.1bCA$1.2b-CA$276,341,697.4326.1x-11.1x2.5x
Fri, 13 Sep 2024CA$2.8bCA$1.2b-CA$273,665,384.1222.4x-10.2x2.3x
Sun, 11 Aug 2024CA$2.9bCA$1.2b-CA$292,550,748.0420.6x-10x2.4x
Tue, 09 Jul 2024CA$3.0bCA$1.2b-CA$286,696,489.1821.9x-10.3x2.5x
Thu, 06 Jun 2024CA$3.3bCA$1.2b-CA$288,718,371.1424x-11.3x2.7x
Sat, 04 May 2024CA$3.2bCA$1.2b-CA$263,835,426.3022.6x-12x2.7x
Mon, 01 Apr 2024CA$3.6bCA$1.2b-CA$250,580,519.1627.2x-14.3x3.1x
Wed, 28 Feb 2024CA$3.3bCA$1.1b-CA$279,068,159.9722.1x-11.8x3x
Fri, 26 Jan 2024CA$3.2bCA$1.1b-CA$284,640,865.0017.9x-11.3x2.9x
Sun, 24 Dec 2023CA$3.1bCA$1.1b-CA$291,482,988.0014.9x-10.8x2.8x
Tue, 21 Nov 2023CA$3.2bCA$1.1b-CA$306,850,829.0015.2x-10.6x2.9x
Thu, 19 Oct 2023CA$3.1bCA$1.1b-CA$286,732,319.0011.9x-10.7x2.9x
Sat, 16 Sep 2023CA$3.2bCA$1.1b-CA$279,650,033.0010.3x-11.6x3x
Mon, 14 Aug 2023CA$3.5bCA$1.1b-CA$270,788,985.0011.7x-12.9x3.3x
Wed, 12 Jul 2023CA$3.3bCA$1.0b-CA$297,649,103.0011.7x-11.2x3.2x
Fri, 09 Jun 2023CA$3.3bCA$1.0b-CA$300,058,242.0010.3x-11.1x3.2x
Sun, 07 May 2023CA$3.4bCA$1.1b-CA$319,840,280.0010.3x-10.5x3.2x
Tue, 04 Apr 2023CA$3.7bCA$989.3m-CA$342,906,936.009.8x-10.7x3.7x
Thu, 02 Mar 2023CA$3.6bCA$981.5m-CA$365,983,929.007.9x-9.8x3.7x
Sat, 28 Jan 2023CA$3.7bCA$938.7m-CA$340,800,196.007.3x-10.7x3.9x
Mon, 26 Dec 2022CA$2.8bCA$941.5m-CA$345,917,850.006.9x-8.2x3x
Wed, 23 Nov 2022CA$3.2bCA$939.5m-CA$333,249,623.007.8x-9.7x3.4x
Fri, 21 Oct 2022CA$3.0bCA$882.1m-CA$326,650,431.007.2x-9.3x3.5x
Sun, 18 Sep 2022CA$3.7bCA$877.1m-CA$311,702,304.007.2x-11.8x4.2x
Tue, 16 Aug 2022CA$4.3bCA$872.3m-CA$307,142,497.006.7x-13.9x4.9x
Thu, 14 Jul 2022CA$3.3bCA$815.5m-CA$255,384,259.006.3x-13x4.1x
Price to Earnings Ratio

-13x


Total Market Cap: CA$3.3bTotal Earnings: -CA$255,384,259.00Total Revenue: CA$815.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 2.9x is higher than the industry's current PS ratio of 2.3x.
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 14% 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 Market1.38%
Industrials1.55%
Electrical7.52%
Electrical Components7.52%
Heavy Electrical Equipment0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 16% over the next 5 years.
    • However this is lower than its past earnings growth rate of 30% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 16% 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$2.3617.4%
    +CA$104.9m
    -25.6%PS7.4x
    HPS.A Hammond Power SolutionsCA$127.506.3%
    +CA$89.3m
    25.7%PE16.9x
    NHHH FuelPositiveCA$0.06544.4%
    +CA$11.0m
    30.0%PB2.3x
    HMM.A Hammond ManufacturingCA$10.364.6%
    +CA$5.2m
    2.3%PE6.3x
    SPRQ SPARQ SystemsCA$0.812.5%
    +CA$2.3m
    62.0%PS57.3x

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