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Canadian (TSX) Electrical Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies12
  • 7D-5.9%
  • 3M50.8%
  • 1Y152.3%
  • YTD56.0%

Over the last 7 days, the Electrical industry has dropped 5.9%, driven by Ballard Power Systems declining 14%. Meanwhile, Illumisoft Lighting actually outperformed within the industry, gaining 19% in the last week. Over the past 12 months, the industry was up 152%. 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
Sun, 14 Jun 2026CA$6.8bCA$1.5b-CA$88,562,422.7853.9x-77.2x4.6x
Tue, 12 May 2026CA$7.0bCA$1.5b-CA$90,340,516.4259.7x-77.6x4.7x
Thu, 09 Apr 2026CA$4.6bCA$1.4b-CA$94,004,130.4933.3x-48.6x3.2x
Sat, 07 Mar 2026CA$4.2bCA$1.3b-CA$110,253,499.4128x-38x3.1x
Mon, 02 Feb 2026CA$4.7bCA$1.3b-CA$120,719,504.0526.5x-38.9x3.5x
Wed, 31 Dec 2025CA$4.3bCA$1.3b-CA$120,714,673.5223.6x-35.3x3.2x
Fri, 28 Nov 2025CA$4.0bCA$1.3b-CA$118,593,633.9425.4x-34x3x
Sun, 26 Oct 2025CA$4.6bCA$1.3b-CA$365,845,684.6126.5x-12.4x3.5x
Tue, 23 Sep 2025CA$3.4bCA$1.3b-CA$360,198,218.7917.8x-9.5x2.7x
Thu, 21 Aug 2025CA$3.1bCA$1.3b-CA$368,128,734.6818.7x-8.5x2.4x
Sat, 19 Jul 2025CA$3.0bCA$1.2b-CA$375,131,867.8911.5x-8.1x2.5x
Mon, 16 Jun 2025CA$2.7bCA$1.2b-CA$366,348,676.0910.4x-7.4x2.2x
Wed, 14 May 2025CA$2.4bCA$1.2b-CA$649,633,539.109.6x-3.7x2x
Fri, 11 Apr 2025CA$2.1bCA$1.2b-CA$721,626,686.428.8x-2.9x1.7x
Sun, 09 Mar 2025CA$2.2bCA$1.2b-CA$737,377,374.9910.2x-3x1.8x
Tue, 04 Feb 2025CA$2.6bCA$1.2b-CA$733,531,325.775.4x-3.6x2.1x
Thu, 02 Jan 2025CA$3.0bCA$1.2b-CA$720,221,965.856.4x-4.1x2.4x
Sat, 30 Nov 2024CA$2.9bCA$1.2b-CA$721,138,944.1624.9x-4x2.4x
Mon, 28 Oct 2024CA$3.0bCA$1.2b-CA$278,070,716.6525.3x-10.7x2.4x
Wed, 25 Sep 2024CA$3.0bCA$1.2b-CA$271,517,047.0826.3x-11.1x2.5x
Fri, 23 Aug 2024CA$2.8bCA$1.2b-CA$305,842,318.5419.9x-9.2x2.3x
Sun, 21 Jul 2024CA$3.0bCA$1.2b-CA$288,129,336.4122.2x-10.4x2.5x
Tue, 18 Jun 2024CA$3.1bCA$1.2b-CA$289,219,641.5721.3x-10.6x2.6x
Thu, 16 May 2024CA$3.4bCA$1.2b-CA$275,966,403.2115.5x-12.4x2.9x
Sat, 13 Apr 2024CA$3.9bCA$1.2b-CA$259,950,279.4529.3x-15.1x3.4x
Mon, 11 Mar 2024CA$3.4bCA$1.1b-CA$278,865,050.3522.3x-12.3x3.2x
Wed, 07 Feb 2024CA$3.2bCA$1.1b-CA$275,924,873.7813.6x-11.7x3x
Fri, 05 Jan 2024CA$3.2bCA$1.1b-CA$282,728,297.0015.8x-11.2x2.8x
Sun, 03 Dec 2023CA$3.2bCA$1.1b-CA$295,362,354.0015.3x-10.9x2.9x
Tue, 31 Oct 2023CA$3.0bCA$1.1b-CA$285,576,720.0013x-10.6x2.7x
Thu, 28 Sep 2023CA$3.0bCA$1.1b-CA$281,033,010.009.8x-10.7x2.8x
Sat, 26 Aug 2023CA$3.2bCA$1.1b-CA$271,061,545.0011.1x-11.9x3x
Mon, 24 Jul 2023CA$3.4bCA$1.0b-CA$297,330,507.0011.8x-11.4x3.3x
Wed, 21 Jun 2023CA$3.2bCA$1.0b-CA$297,534,340.0010.8x-10.7x3.1x
Price to Earnings Ratio

-10.7x


Total Market Cap: CA$3.2bTotal Earnings: -CA$297,534,340.00Total Revenue: CA$1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -17.3x202420252026
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 Market1.46%
Industrials-1.15%
Electrical-5.92%
Heavy Electrical Equipment0%0
Electrical Components-5.92%
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
    		UVC Illumisoft LightingCA$0.6819.3%
    +CA$5.1m    		81.3%PS58.8x
    		EMM Giyani MetalsCA$0.1011.1%
    +CA$3.3m    		25.0%PB4.7x
    		HEAT Hillcrest Energy TechnologiesCA$0.166.7%
    +CA$2.0m    		88.2%PE-4.4x
    		GRD Grounded LithiumCA$0.06530.0%
    +CA$1.2m    		85.7%PS227.6x
    		QESS Aegis Critical Energy DefenceCA$0.381.3%
    +CA$673.8k    		484.6%PB13.5x

    Latest News

    GRD
    CA$0.065
    Grounded Lithium
    7D
    30.0%
    1Y
    85.7%
    QESS
    CA$0.38
    Aegis Critical Energy Defence
    7D
    1.3%
    1Y
    484.6%
    ELVA
    CA$13.32
    Electrovaya
    7D
    -7.6%
    1Y
    187.1%
    Narrative Update • Jun 09

    ELVA: Forklift Battery Strength And Jamestown Ramp Will Offset Airport Demand Risks

    Analysts lifted their CA$ price targets for Electrovaya, with recent moves from CA$10 to CA$12, CA$15 and most recently CA$20, citing on track progress at the Jamestown facility, steady profitable execution, and resilient demand from core forklift battery customers despite some supply chain and end market headwinds. Analyst Commentary Recent research updates highlight both enthusiasm and caution around Electrovaya, with price targets stepping up alongside progress at the Jamestown facility and ongoing execution, while supply chain friction and certain end markets keep risk on the table.
    BLDP
    CA$5.89
    Ballard Power Systems
    7D
    -14.0%
    1Y
    164.1%
    Narrative Update • Jun 07

    BLDP: Bus Contract Wins Will Likely Fail To Sustain Current Optimism

    Analysts increased the Ballard Power Systems price target to CA$4.16 from CA$2.30, citing improving gross margins, recent contract wins in the bus segment, and continued cost efficiencies reflected in recent research updates. Analyst Commentary Recent research on Ballard Power Systems reflects a mix of optimism around execution improvements and caution around near term growth and valuation.
    HPS.A
    CA$297.00
    Hammond Power Solutions
    7D
    -1.3%
    1Y
    160.8%
    NBM
    CA$0.38
    NEO Battery Materials
    7D
    -11.6%
    1Y
    -16.5%
    GMG
    CA$2.41
    Graphene Manufacturing Group
    7D
    -1.6%
    1Y
    270.8%
    EMM
    CA$0.10
    Giyani Metals
    7D
    11.1%
    1Y
    25.0%
    HEAT
    CA$0.16
    Hillcrest Energy Technologies
    7D
    6.7%
    1Y
    88.2%
    SPRQ
    CA$1.20
    SPARQ Systems
    7D
    -9.8%
    1Y
    51.9%
    DYA
    CA$0.12
    dynaCERT
    7D
    -7.7%
    1Y
    -20.0%
    ABND
    CA$0.11
    Abound Energy
    7D
    4.8%
    1Y
    -18.5%
    HMM.A
    CA$17.30
    Hammond Manufacturing
    7D
    -6.4%
    1Y
    87.2%