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

Canadian (TSX) Electrical Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies14
  • 7D3.4%
  • 3M1.9%
  • 1Y96.5%
  • YTD3.3%

In the last week, the Electrical industry is up 3.4%, with Hammond Power Solutions up 4.6%. This means that the industry has gained 96% over the past year. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026CA$4.5bCA$1.4b-CA$140,305,880.4828.3x-32x3.3x
Sat, 07 Feb 2026CA$4.4bCA$1.3b-CA$121,275,698.3629.1x-36.2x3.3x
Mon, 05 Jan 2026CA$4.4bCA$1.3b-CA$121,498,643.0524x-36.5x3.3x
Wed, 03 Dec 2025CA$4.2bCA$1.3b-CA$127,079,528.3725x-32.7x3.1x
Fri, 31 Oct 2025CA$4.9bCA$1.3b-CA$361,664,517.6430.3x-13.6x3.8x
Sun, 28 Sep 2025CA$3.5bCA$1.3b-CA$363,286,391.2918.2x-9.5x2.7x
Tue, 26 Aug 2025CA$3.1bCA$1.3b-CA$363,025,003.0017.7x-8.5x2.4x
Thu, 24 Jul 2025CA$3.2bCA$1.2b-CA$371,163,769.0012.3x-8.6x2.6x
Sat, 21 Jun 2025CA$2.7bCA$1.2b-CA$371,150,889.4310.5x-7.3x2.2x
Mon, 19 May 2025CA$2.5bCA$1.2b-CA$372,596,189.459.6x-6.7x2x
Wed, 16 Apr 2025CA$2.1bCA$1.2b-CA$721,387,571.259.2x-2.9x1.7x
Fri, 14 Mar 2025CA$2.2bCA$1.2b-CA$736,051,645.719.5x-3x1.9x
Sun, 09 Feb 2025CA$2.5bCA$1.2b-CA$723,939,017.905.8x-3.5x2x
Tue, 07 Jan 2025CA$3.1bCA$1.2b-CA$727,366,396.416.6x-4.3x2.5x
Thu, 05 Dec 2024CA$2.9bCA$1.2b-CA$706,890,734.5515.4x-4.1x2.4x
Sat, 02 Nov 2024CA$2.8bCA$1.2b-CA$276,831,818.8821.8x-10x2.2x
Mon, 30 Sep 2024CA$3.1bCA$1.2b-CA$272,085,617.0724.6x-11.3x2.5x
Wed, 28 Aug 2024CA$2.8bCA$1.2b-CA$303,209,264.9421.7x-9.4x2.3x
Fri, 26 Jul 2024CA$2.9bCA$1.2b-CA$289,492,668.1122.2x-10.1x2.5x
Sun, 23 Jun 2024CA$2.9bCA$1.2b-CA$288,598,396.0020.4x-10.1x2.5x
Tue, 21 May 2024CA$3.6bCA$1.2b-CA$286,430,713.1215.9x-12.5x3x
Thu, 18 Apr 2024CA$3.5bCA$1.2b-CA$259,888,754.9726.7x-13.6x3x
Sat, 16 Mar 2024CA$3.2bCA$1.1b-CA$257,058,683.7821.9x-12.3x2.8x
Mon, 12 Feb 2024CA$3.3bCA$1.1b-CA$275,454,876.1913.8x-12x3.1x
Wed, 10 Jan 2024CA$3.2bCA$1.1b-CA$283,488,182.0016.2x-11.4x2.9x
Fri, 08 Dec 2023CA$3.2bCA$1.1b-CA$296,979,998.0015.4x-10.8x2.9x
Sun, 05 Nov 2023CA$3.3bCA$1.1b-CA$281,948,530.0014x-11.9x3x
Tue, 03 Oct 2023CA$3.1bCA$1.1b-CA$283,463,110.0010x-10.9x2.9x
Thu, 31 Aug 2023CA$3.3bCA$1.1b-CA$272,533,709.0011.2x-12x3x
Sat, 29 Jul 2023CA$3.3bCA$1.0b-CA$297,640,540.0013.5x-11.2x3.2x
Mon, 26 Jun 2023CA$3.1bCA$1.0b-CA$296,859,465.0011.2x-10.5x3x
Wed, 24 May 2023CA$3.3bCA$1.0b-CA$314,293,090.009.9x-10.5x3.2x
Fri, 21 Apr 2023CA$3.3bCA$990.0m-CA$343,958,342.009.6x-9.6x3.3x
Sun, 19 Mar 2023CA$3.4bCA$990.4m-CA$340,055,550.009.2x-10x3.4x
Price to Earnings Ratio

-10x


Total Market Cap: CA$3.4bTotal Earnings: -CA$340,055,550.00Total Revenue: CA$990.4mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -12.1x202420252026
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 3.3x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 11% 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-2.39%
Industrials-3.40%
Electrical3.43%
Electrical Components3.43%
Heavy Electrical Equipment0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 26% over the next 5 years.
    • This is better than its past earnings decline of 1.2% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 26% 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$191.674.6%
    +CA$101.2m    		135.0%PE28.3x
    		GMG Graphene Manufacturing GroupCA$2.3514.1%
    +CA$36.2m    		158.2%PS1031.4x
    		ELVA ElectrovayaCA$11.604.6%
    +CA$25.2m    		244.2%PE87.5x
    		FCLI Full Circle LithiumCA$0.4314.7%
    +CA$5.4m    		7.5%PS45x
    		SWAN Black Swan GrapheneCA$1.0310.8%
    +CA$5.3m    		13.2%PB4x

    Latest News

    HMM.A
    CA$10.81
    Hammond Manufacturing
    7D
    -0.6%
    1Y
    24.8%
    FCLI
    CA$0.43
    Full Circle Lithium
    7D
    14.7%
    1Y
    7.5%
    ELVA
    CA$11.60
    Electrovaya
    7D
    4.6%
    1Y
    244.2%

    ELVA: Fortune 500 Orders And 2026 Guidance Will Support Returns

    Analysts have modestly adjusted their price target on Electrovaya, keeping fair value estimates effectively unchanged at CA$12.49, while fine tuning assumptions around the discount rate, revenue growth, profit margins, and future P/E to reflect updated modeling inputs. What's in the News Electrovaya 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. based customer (Key Developments).
    HPS.A
    CA$191.67
    Hammond Power Solutions
    7D
    4.6%
    1Y
    135.0%
    GMG
    CA$2.35
    Graphene Manufacturing Group
    7D
    14.1%
    1Y
    158.2%
    BLDP
    CA$2.91
    Ballard Power Systems
    7D
    -1.4%
    1Y
    65.3%

    BLDP: Narrower Transit Focus Will Likely Restrain Overvaluation-Driven Optimism

    Narrative Update: Ballard Power Systems Analysts have raised their fair value estimate for Ballard Power Systems from approximately CA$1.75 to around CA$2.30. This reflects updated views on the company’s discount rate, profit margin assumptions and future P/E, alongside a recent move to a Hold rating that points to a more balanced risk and reward profile after restructuring and a sharper focus on European and U.S. transit markets.
    NBM
    CA$0.67
    NEO Battery Materials
    7D
    -4.3%
    1Y
    -9.5%
    SUN
    CA$0.10
    Stardust Solar Energy
    7D
    -4.8%
    1Y
    -41.2%
    QESS
    CA$0.38
    Aegis Critical Energy Defence
    7D
    -2.6%
    1Y
    226.1%

    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?
    EMM
    CA$0.075
    Giyani Metals
    7D
    -6.3%
    1Y
    -16.7%
    HEAT
    CA$0.17
    Hillcrest Energy Technologies
    7D
    -10.8%
    1Y
    32.0%
    DYA
    CA$0.11
    dynaCERT
    7D
    10.0%
    1Y
    -21.4%
    SPRQ
    CA$0.68
    SPARQ Systems
    7D
    -8.1%
    1Y
    -31.3%
    GRD
    CA$0.075
    Grounded Lithium
    7D
    7.1%
    1Y
    150.0%
    SWAN
    CA$1.03
    Black Swan Graphene
    7D
    10.8%
    1Y
    13.2%

    We're Hopeful That Black Swan Graphene (CVE:SWAN) Will Use Its Cash Wisely

    Oct 27
    We're Hopeful That Black Swan Graphene (CVE:SWAN) Will Use Its Cash Wisely