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Canadian (TSX) Electrical Industry Analysis

UpdatedJun 28, 2026
DataAggregated Company Financials
Companies12
  • 7D-9.0%
  • 3M67.8%
  • 1Y153.6%
  • YTD58.1%

Over the last 7 days, the Electrical industry has dropped 9.0%, driven by pullbacks in Ballard Power Systems and Hammond Power Solutions of 17% and 7.3%, respectively. Over the past 12 months, the industry was up 154%. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Jun 2026CA$6.9bCA$1.5b-CA$89,906,582.5258.9x-77.1x4.6x
Wed, 27 May 2026CA$7.8bCA$1.5b-CA$84,832,370.8557.1x-91.6x5.2x
Fri, 24 Apr 2026CA$6.1bCA$1.4b-CA$95,833,426.5443.8x-64.1x4.3x
Sun, 22 Mar 2026CA$4.6bCA$1.4b-CA$110,400,924.2032.6x-41.9x3.3x
Tue, 17 Feb 2026CA$4.7bCA$1.3b-CA$118,895,624.7831.1x-39.9x3.5x
Thu, 15 Jan 2026CA$4.6bCA$1.3b-CA$123,383,836.5923.9x-37.3x3.4x
Sat, 13 Dec 2025CA$4.4bCA$1.3b-CA$121,508,589.0925.9x-36.1x3.3x
Mon, 10 Nov 2025CA$4.6bCA$1.3b-CA$363,977,093.9327.2x-12.8x3.6x
Wed, 08 Oct 2025CA$4.1bCA$1.3b-CA$365,739,006.9518.9x-11.1x3.2x
Fri, 05 Sep 2025CA$3.1bCA$1.3b-CA$360,206,839.9518.1x-8.5x2.4x
Sun, 03 Aug 2025CA$3.1bCA$1.3b-CA$388,773,184.8012.6x-7.9x2.4x
Tue, 01 Jul 2025CA$2.7bCA$1.2b-CA$366,269,055.6811.4x-7.4x2.2x
Thu, 29 May 2025CA$2.4bCA$1.2b-CA$367,720,613.059.4x-6.7x2x
Sat, 26 Apr 2025CA$2.3bCA$1.2b-CA$717,739,288.229.8x-3.2x1.9x
Mon, 24 Mar 2025CA$2.3bCA$1.2b-CA$729,200,039.159.8x-3.2x1.9x
Wed, 19 Feb 2025CA$2.5bCA$1.2b-CA$721,207,352.616.1x-3.5x2x
Fri, 17 Jan 2025CA$2.8bCA$1.2b-CA$729,482,023.436x-3.9x2.3x
Sun, 15 Dec 2024CA$2.9bCA$1.2b-CA$715,498,737.176.7x-4x2.3x
Tue, 12 Nov 2024CA$2.8bCA$1.2b-CA$512,777,063.7722.1x-5.5x2.3x
Thu, 10 Oct 2024CA$3.2bCA$1.2b-CA$275,148,194.1626.7x-11.5x2.6x
Sat, 07 Sep 2024CA$2.6bCA$1.2b-CA$273,882,291.4019.4x-9.6x2.2x
Mon, 05 Aug 2024CA$2.9bCA$1.2b-CA$281,154,756.2919.6x-10.2x2.3x
Wed, 03 Jul 2024CA$3.0bCA$1.2b-CA$287,065,586.8422.3x-10.6x2.6x
Fri, 31 May 2024CA$3.4bCA$1.2b-CA$289,314,031.7124.2x-11.8x2.9x
Sun, 28 Apr 2024CA$3.5bCA$1.2b-CA$249,476,596.7525.9x-13.9x3x
Tue, 26 Mar 2024CA$3.3bCA$1.1b-CA$251,924,619.9423.9x-13.1x2.9x
Thu, 22 Feb 2024CA$3.3bCA$1.1b-CA$273,065,692.5720.8x-12.1x3x
Sat, 20 Jan 2024CA$3.1bCA$1.1b-CA$284,574,799.0018x-10.7x2.7x
Mon, 18 Dec 2023CA$3.2bCA$1.1b-CA$293,393,829.0015.5x-11x2.9x
Wed, 15 Nov 2023CA$3.1bCA$1.1b-CA$316,508,244.0014.3x-9.7x2.8x
Fri, 13 Oct 2023CA$3.2bCA$1.1b-CA$286,415,281.0011.5x-11.1x3x
Sun, 10 Sep 2023CA$3.3bCA$1.1b-CA$281,478,151.0011x-11.8x3.1x
Tue, 08 Aug 2023CA$3.6bCA$1.1b-CA$298,580,073.0012.3x-12.2x3.4x
Thu, 06 Jul 2023CA$3.2bCA$1.0b-CA$298,438,742.0011.8x-10.7x3.1x
Price to Earnings Ratio

-10.7x


Total Market Cap: CA$3.2bTotal Earnings: -CA$298,438,742.00Total Revenue: CA$1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -18.3x202420252026
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 2.8x is lower than the industry's current PS ratio of 4.6x.
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 Market-0.35%
Industrials2.64%
Electrical-8.98%
Heavy Electrical Equipment0%0
Electrical Components-8.98%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 29% over the next 5 years.
    • This is better than its past earnings decline of 23% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 29% 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
    		GMG Graphene Manufacturing GroupCA$2.352.6%
    +CA$7.5m    		298.3%PS728.8x
    		HEAT Hillcrest Energy TechnologiesCA$0.184.4%
    +CA$1.6m    		86.8%PE-5.1x
    		MVI.H Monitor VenturesCA$0.086.7%
    +CA$21.5k    		-20.0%PE-9.5x

    Latest News

    DYA
    CA$0.13
    dynaCERT
    7D
    -3.8%
    1Y
    -10.7%
    ELVA
    CA$13.87
    Electrovaya
    7D
    -4.3%
    1Y
    210.3%
    Narrative Update • Jun 25

    ELVA: Jamestown Buildout And Forklift Demand Will Offset Airport And Supply Risks

    Electrovaya's analyst price targets have moved higher, with one firm lifting its view to CA$20 from CA$12, alongside others raising targets to CA$12 and CA$15, as analysts point to recent facility progress, steady execution, and expanding product and customer reach. Analyst Commentary Recent research updates on Electrovaya highlight a mix of enthusiasm around execution at its Jamestown facility and product demand trends, alongside some caution related to customer exposure and near term operational hurdles.
    MVI.H
    CA$0.08
    Monitor Ventures
    7D
    6.7%
    1Y
    -20.0%
    BLDP
    CA$5.15
    Ballard Power Systems
    7D
    -17.3%
    1Y
    156.2%
    HPS.A
    CA$324.67
    Hammond Power Solutions
    7D
    -7.3%
    1Y
    170.6%
    HEAT
    CA$0.18
    Hillcrest Energy Technologies
    7D
    4.4%
    1Y
    86.8%
    NBM
    CA$0.29
    NEO Battery Materials
    7D
    -12.1%
    1Y
    -45.3%
    GMG
    CA$2.35
    Graphene Manufacturing Group
    7D
    2.6%
    1Y
    298.3%
    EMM
    CA$0.09
    Giyani Metals
    7D
    -10.0%
    1Y
    5.9%
    HMM.A
    CA$15.20
    Hammond Manufacturing
    7D
    -8.5%
    1Y
    53.5%
    SWAN
    CA$1.12
    Black Swan Graphene
    7D
    -2.6%
    1Y
    34.9%