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Canadian (TSX) Electrical Components Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies13
  • 7D7.8%
  • 3M23.1%
  • 1Y177.6%
  • YTDn/a

The Electrical Components is pretty flat in the last 7 days, but Ballard Power Systems has stood out, gaining 16%. The past year has been better, since the industry has gained 158% in that time. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026CA$5.4bCA$1.4b-CA$95,481,181.3340.5x-56.6x3.8x
Thu, 19 Mar 2026CA$4.8bCA$1.4b-CA$102,055,679.1427.4x-46.8x3.5x
Sat, 14 Feb 2026CA$4.6bCA$1.3b-CA$120,881,143.7631.1x-38.3x3.5x
Mon, 12 Jan 2026CA$4.6bCA$1.3b-CA$123,746,579.1424.4x-37.3x3.4x
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$354,072,485.319.1x-6.7x1.9x
Wed, 23 Apr 2025CA$2.0bCA$1.2b-CA$706,295,692.569.2x-2.9x1.7x
Fri, 21 Mar 2025CA$2.3bCA$1.2b-CA$721,934,521.3710x-3.2x1.9x
Sun, 16 Feb 2025CA$2.5bCA$1.2b-CA$710,483,082.736.2x-3.5x2x
Tue, 14 Jan 2025CA$2.9bCA$1.2b-CA$719,320,732.535.9x-4x2.3x
Thu, 12 Dec 2024CA$2.9bCA$1.2b-CA$699,952,288.1315.1x-4.2x2.4x
Sat, 09 Nov 2024CA$2.7bCA$1.2b-CA$502,064,171.2521.7x-5.5x2.2x
Mon, 07 Oct 2024CA$3.0bCA$1.2b-CA$262,550,511.8725x-11.5x2.5x
Wed, 04 Sep 2024CA$2.9bCA$1.2b-CA$294,748,851.5220.8x-9.9x2.4x
Fri, 02 Aug 2024CA$3.1bCA$1.2b-CA$272,996,703.0921.2x-11.4x2.5x
Sun, 30 Jun 2024CA$3.0bCA$1.2b-CA$278,948,914.7623.9x-10.8x2.5x
Tue, 28 May 2024CA$3.6bCA$1.2b-CA$281,315,375.9616.6x-12.7x3x
Thu, 25 Apr 2024CA$3.4bCA$1.2b-CA$250,633,958.4825.6x-13.5x2.9x
Sat, 23 Mar 2024CA$3.3bCA$1.1b-CA$249,795,812.9024.1x-13.1x2.9x
Mon, 19 Feb 2024CA$3.3bCA$1.1b-CA$264,523,458.8320.4x-12.6x3.1x
Wed, 17 Jan 2024CA$3.1bCA$1.1b-CA$276,818,857.0016.6x-11.3x2.8x
Fri, 15 Dec 2023CA$3.2bCA$1.1b-CA$285,631,375.0015.9x-11.4x2.9x
Sun, 12 Nov 2023CA$3.1bCA$1.1b-CA$307,759,796.0013.9x-10.1x2.8x
Tue, 10 Oct 2023CA$3.0bCA$1.1b-CA$275,588,503.0010.3x-10.9x2.8x
Thu, 07 Sep 2023CA$3.4bCA$1.1b-CA$273,182,994.0011.6x-12.4x3.2x
Sat, 05 Aug 2023CA$3.6bCA$1.1b-CA$291,927,072.0012.3x-12.3x3.4x
Mon, 03 Jul 2023CA$3.1bCA$1.0b-CA$291,196,509.0011.2x-10.7x3x
Wed, 31 May 2023CA$3.1bCA$1.0b-CA$309,540,705.009.3x-10x3x
Fri, 28 Apr 2023CA$3.2bCA$990.8m-CA$332,154,568.0010.2x-9.5x3.2x
Price to Earnings Ratio

-9.5x


Total Market Cap: CA$3.2bTotal Earnings: -CA$332,154,568.00Total Revenue: CA$990.8mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Components Industry Price to Earnings3Y Average -13.6x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Electrical Components and Equipment 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 Components and Equipment 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 Comparison

How does Canadian Electrical Components compare with similar industries?

CA Market1.15%
Industrials1.41%
Electrical7.83%
Electrical Components7.83%
Heavy Electrical Equipment0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

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%
DYA
CA$0.12
dynaCERT
7D
4.3%
1Y
-25.0%
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.
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%