Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Electrical Industry Analysis

UpdatedApr 16, 2026
DataAggregated Company Financials
Companies13
  • 7D11.9%
  • 3M18.3%
  • 1Y152.4%
  • YTD22.8%

The Electrical industry is up 21% in the last week, with Hammond Power Solutions up 25%. During this same period, the FuelPositive underperformed, falling 20%. This means that the industry has gained 159% over the past year. 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
Thu, 16 Apr 2026CA$5.5bCA$1.4b-CA$93,308,347.1336.2x-59.2x3.9x
Sat, 14 Mar 2026CA$4.6bCA$1.4b-CA$101,924,695.6427.1x-45x3.4x
Mon, 09 Feb 2026CA$4.6bCA$1.3b-CA$121,275,698.3629.1x-38.2x3.5x
Wed, 07 Jan 2026CA$4.5bCA$1.3b-CA$122,523,333.0024.5x-36.9x3.4x
Fri, 05 Dec 2025CA$4.2bCA$1.3b-CA$126,877,812.6225.4x-33.4x3.2x
Sun, 02 Nov 2025CA$5.0bCA$1.3b-CA$363,344,804.3731.6x-13.9x3.9x
Tue, 30 Sep 2025CA$3.5bCA$1.3b-CA$362,853,100.8818.3x-9.5x2.7x
Thu, 28 Aug 2025CA$3.1bCA$1.3b-CA$360,803,439.0217.6x-8.6x2.4x
Sat, 26 Jul 2025CA$3.3bCA$1.3b-CA$384,744,908.2811.6x-8.7x2.7x
Mon, 23 Jun 2025CA$2.7bCA$1.2b-CA$371,150,889.4310.5x-7.2x2.2x
Wed, 21 May 2025CA$2.5bCA$1.2b-CA$370,551,160.129.6x-6.7x2x
Fri, 18 Apr 2025CA$2.1bCA$1.2b-CA$717,020,610.809.4x-3x1.7x
Sun, 16 Mar 2025CA$2.2bCA$1.2b-CA$733,706,921.019.6x-3x1.9x
Tue, 11 Feb 2025CA$2.5bCA$1.2b-CA$724,915,257.325.9x-3.5x2x
Thu, 09 Jan 2025CA$3.1bCA$1.2b-CA$728,990,045.896.6x-4.2x2.5x
Sat, 07 Dec 2024CA$3.0bCA$1.2b-CA$709,722,463.6514.9x-4.2x2.4x
Mon, 04 Nov 2024CA$2.8bCA$1.2b-CA$276,831,818.8821.8x-10.2x2.3x
Wed, 02 Oct 2024CA$3.1bCA$1.2b-CA$271,545,712.1425.7x-11.5x2.6x
Fri, 30 Aug 2024CA$2.9bCA$1.2b-CA$306,845,302.3422.3x-9.3x2.4x
Sun, 28 Jul 2024CA$3.1bCA$1.2b-CA$279,352,704.1021.1x-11.2x2.6x
Tue, 25 Jun 2024CA$2.9bCA$1.2b-CA$288,003,982.1222x-10.1x2.5x
Thu, 23 May 2024CA$3.6bCA$1.2b-CA$287,623,590.3016.1x-12.7x3.1x
Sat, 20 Apr 2024CA$3.5bCA$1.2b-CA$259,791,577.5225.7x-13.3x3x
Mon, 18 Mar 2024CA$3.2bCA$1.1b-CA$257,058,683.7821.9x-12.3x2.8x
Wed, 14 Feb 2024CA$3.3bCA$1.1b-CA$274,035,006.2120x-11.9x3x
Fri, 12 Jan 2024CA$3.2bCA$1.1b-CA$283,473,050.0015.8x-11.2x2.8x
Sun, 10 Dec 2023CA$3.2bCA$1.1b-CA$296,805,740.0015.5x-10.9x2.9x
Tue, 07 Nov 2023CA$3.3bCA$1.1b-CA$282,331,938.0013.3x-11.8x3x
Thu, 05 Oct 2023CA$3.0bCA$1.1b-CA$284,486,516.0010.1x-10.4x2.7x
Sat, 02 Sep 2023CA$3.3bCA$1.1b-CA$273,005,297.0011.4x-12.1x3.1x
Mon, 31 Jul 2023CA$3.4bCA$1.0b-CA$297,640,540.0013.5x-11.5x3.3x
Wed, 28 Jun 2023CA$3.1bCA$1.0b-CA$296,688,177.0010.9x-10.4x3x
Fri, 26 May 2023CA$3.2bCA$1.0b-CA$315,865,514.009.4x-10.2x3.1x
Sun, 23 Apr 2023CA$3.3bCA$990.6m-CA$339,425,412.009.8x-9.7x3.3x
Price to Earnings Ratio

-9.7x


Total Market Cap: CA$3.3bTotal Earnings: -CA$339,425,412.00Total Revenue: CA$990.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -13.3x202420252026
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 Market1.73%
Industrials1.28%
Electrical11.92%
Electrical Components11.92%
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 better than its past earnings decline of 10% per year.
    • 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$219.818.8%
    +CA$212.0m    		171.3%PE36.2x
    		BLDP Ballard Power SystemsCA$4.2117.3%
    +CA$186.6m    		155.2%PS9.3x
    		ELVA ElectrovayaCA$13.0115.4%
    +CA$86.0m    		274.9%PE97.1x
    		GMG Graphene Manufacturing GroupCA$2.8529.0%
    +CA$79.9m    		307.1%PS1235.8x
    		SPRQ SPARQ SystemsCA$0.8643.3%
    +CA$30.4m    		-9.5%PS39.9x

    Latest News

    GMG
    CA$2.85
    Graphene Manufacturing Group
    7D
    29.0%
    1Y
    307.1%
    FCLI
    CA$0.47
    Full Circle Lithium
    7D
    10.6%
    1Y
    77.4%
    BLDP
    CA$4.21
    Ballard Power Systems
    7D
    17.3%
    1Y
    155.2%
    HPS.A
    CA$219.81
    Hammond Power Solutions
    7D
    8.8%
    1Y
    171.3%

    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.
    SWAN
    CA$1.14
    Black Swan Graphene
    7D
    -4.2%
    1Y
    44.3%
    GRD
    CA$0.08
    Grounded Lithium
    7D
    23.1%
    1Y
    220.0%
    ELVA
    CA$13.01
    Electrovaya
    7D
    15.4%
    1Y
    274.9%

    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$0.86
    SPARQ Systems
    7D
    43.3%
    1Y
    -9.5%
    MVI.H
    CA$0.07
    Monitor Ventures
    7D
    -6.7%
    1Y
    n/a
    NHHH
    CA$0.04
    FuelPositive
    7D
    -20.0%
    1Y
    n/a
    HMM.A
    CA$10.35
    Hammond Manufacturing
    7D
    -4.0%
    1Y
    25.9%
    NBM
    CA$0.58
    NEO Battery Materials
    7D
    9.4%
    1Y
    -13.4%
    SUN
    CA$0.085
    Stardust Solar Energy
    7D
    -10.5%
    1Y
    -39.3%
    HPSS
    CA$0.05
    Hybrid Power Solutions
    7D
    -16.7%
    1Y
    -9.1%