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Canadian (TSX) Electrical Industry Analysis

UpdatedMay 02, 2026
DataAggregated Company Financials
Companies14
  • 7D2.8%
  • 3M35.6%
  • 1Y171.6%
  • YTD42.7%

Over the last 7 days, the Electrical industry has risen 2.8%, driven by gains from Hammond Power Solutions of 4.3%. In the same time, Graphene Manufacturing Group was down 7.7%. This means that the industry has gained 172% over the past year. Looking forward, 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
Sat, 02 May 2026CA$6.3bCA$1.4b-CA$94,339,061.6847.7x-66.8x4.4x
Mon, 30 Mar 2026CA$4.4bCA$1.4b-CA$101,494,228.0730x-43.3x3.1x
Wed, 25 Feb 2026CA$4.7bCA$1.3b-CA$119,957,135.7129.6x-38.8x3.5x
Fri, 23 Jan 2026CA$4.7bCA$1.3b-CA$122,383,994.2123.7x-38.6x3.5x
Sun, 21 Dec 2025CA$4.2bCA$1.3b-CA$121,868,764.5924.2x-34.4x3.1x
Tue, 18 Nov 2025CA$4.2bCA$1.3b-CA$126,649,363.4622.8x-33.4x3.2x
Thu, 16 Oct 2025CA$4.3bCA$1.3b-CA$368,430,283.3920.9x-11.8x3.4x
Sat, 13 Sep 2025CA$3.1bCA$1.3b-CA$360,945,301.1916.9x-8.5x2.4x
Mon, 11 Aug 2025CA$3.2bCA$1.3b-CA$387,617,869.7312.9x-8.2x2.5x
Wed, 09 Jul 2025CA$2.9bCA$1.2b-CA$373,857,106.1911.8x-7.8x2.4x
Fri, 06 Jun 2025CA$2.5bCA$1.2b-CA$353,643,430.3410.1x-7x2x
Sun, 04 May 2025CA$2.3bCA$1.2b-CA$699,025,481.1110.5x-3.3x1.9x
Tue, 01 Apr 2025CA$2.1bCA$1.2b-CA$729,595,184.528.9x-2.9x1.7x
Thu, 27 Feb 2025CA$2.3bCA$1.2b-CA$733,636,256.095.7x-3.1x1.8x
Sat, 25 Jan 2025CA$2.9bCA$1.2b-CA$727,900,671.346x-4x2.3x
Mon, 23 Dec 2024CA$2.8bCA$1.2b-CA$719,911,714.496.4x-4x2.3x
Wed, 20 Nov 2024CA$2.7bCA$1.2b-CA$720,481,938.0623x-3.8x2.2x
Fri, 18 Oct 2024CA$3.0bCA$1.2b-CA$276,570,806.1925.8x-10.8x2.4x
Sun, 15 Sep 2024CA$2.9bCA$1.2b-CA$273,864,724.9323x-10.7x2.4x
Tue, 13 Aug 2024CA$2.9bCA$1.2b-CA$292,779,233.7619.8x-10x2.4x
Thu, 11 Jul 2024CA$2.9bCA$1.2b-CA$286,388,315.0721.6x-10.3x2.5x
Sat, 08 Jun 2024CA$3.3bCA$1.2b-CA$289,624,297.5223.1x-11.3x2.7x
Mon, 06 May 2024CA$3.2bCA$1.2b-CA$263,833,535.2122.6x-12x2.7x
Wed, 03 Apr 2024CA$3.8bCA$1.2b-CA$256,881,877.2627.6x-14.7x3.2x
Fri, 01 Mar 2024CA$3.4bCA$1.1b-CA$280,365,241.2022.4x-12x3.1x
Sun, 28 Jan 2024CA$3.2bCA$1.1b-CA$284,169,267.0018x-11.3x2.9x
Tue, 26 Dec 2023CA$3.1bCA$1.1b-CA$291,482,988.0014.9x-10.8x2.8x
Thu, 23 Nov 2023CA$3.3bCA$1.1b-CA$306,583,651.0015.7x-10.7x2.9x
Sat, 21 Oct 2023CA$3.0bCA$1.1b-CA$286,708,628.0011.5x-10.4x2.8x
Mon, 18 Sep 2023CA$3.4bCA$1.1b-CA$279,783,549.0010.4x-12x3.1x
Wed, 16 Aug 2023CA$3.4bCA$1.1b-CA$269,443,961.0010.9x-12.5x3.1x
Fri, 14 Jul 2023CA$3.4bCA$1.0b-CA$295,516,567.0011.6x-11.4x3.3x
Sun, 11 Jun 2023CA$3.1bCA$1.0b-CA$299,955,469.0010.3x-10.3x3x
Tue, 09 May 2023CA$3.4bCA$1.1b-CA$319,626,962.0010.2x-10.6x3.2x
Price to Earnings Ratio

-10.6x


Total Market Cap: CA$3.4bTotal Earnings: -CA$319,626,962.00Total Revenue: CA$1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -14x202420252026
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 4.4x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 10% 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 Market0.083%
Industrials-0.036%
Electrical2.76%
Electrical Components2.76%
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 9.1% 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$289.614.3%
    +CA$141.4m    		209.0%PE47.7x
    		BLDP Ballard Power SystemsCA$4.602.7%
    +CA$36.2m    		164.4%PS10.3x
    		HMM.A Hammond ManufacturingCA$13.2030.4%
    +CA$34.9m    		49.2%PE9.9x
    		SPRQ SPARQ SystemsCA$0.866.2%
    +CA$5.8m    		1.2%PS39.9x
    		SWAN Black Swan GrapheneCA$1.308.3%
    +CA$5.5m    		64.6%PB5.2x

    Latest News

    HMM.A
    CA$13.20
    Hammond Manufacturing
    7D
    30.4%
    1Y
    49.2%
    BLDP
    CA$4.60
    Ballard Power Systems
    7D
    2.7%
    1Y
    164.4%

    BLDP: Limited Order Book And Backlog Will Restrain New Flyer Upside

    For Ballard Power Systems, the analyst price target has been lifted by CA$0.50. This reflects analysts' updated view that recent positive cash flow and margin trends, along with incremental revenue potential from the New Flyer agreement, help justify slightly stronger revenue growth assumptions and a modestly lower discount rate while still applying a high future P/E of about 50x.
    GMG
    CA$2.40
    Graphene Manufacturing Group
    7D
    -7.7%
    1Y
    252.9%
    NHHH
    CA$0.04
    FuelPositive
    7D
    -11.1%
    1Y
    n/a
    HPS.A
    CA$289.61
    Hammond Power Solutions
    7D
    4.3%
    1Y
    209.0%

    HPS.A: Richer P/E And Higher Discount Rate Will Pressure Forward Returns

    Narrative update on Hammond Power Solutions The analyst price target for Hammond Power Solutions has moved from CA$239.00 to CA$241.20. Analysts have pointed to recent bullish initiation and successive target increases as support for this revised view.
    HEAT
    CA$0.18
    Hillcrest Energy Technologies
    7D
    9.1%
    1Y
    71.4%
    SWAN
    CA$1.30
    Black Swan Graphene
    7D
    8.3%
    1Y
    64.6%
    EMM
    CA$0.09
    Giyani Metals
    7D
    12.5%
    1Y
    5.9%
    ELVA
    CA$12.90
    Electrovaya
    7D
    -2.9%
    1Y
    248.6%

    ELVA: Fortune 500 Orders And Data Center Projects Will Shape Balanced Outlook

    Analysts have made a small upward adjustment to their price outlook on Electrovaya, lifting the fair value estimate from about CA$12.49 to roughly CA$12.55. This reflects updated assumptions on the discount rate and future P/E, while keeping revenue growth and profit margin expectations broadly consistent.
    FCLI
    CA$0.44
    Full Circle Lithium
    7D
    -9.3%
    1Y
    57.1%
    DYA
    CA$0.14
    dynaCERT
    7D
    -12.5%
    1Y
    -12.5%
    SPRQ
    CA$0.86
    SPARQ Systems
    7D
    6.2%
    1Y
    1.2%
    NBM
    CA$0.49
    NEO Battery Materials
    7D
    -7.5%
    1Y
    -22.2%
    QESS
    CA$0.30
    Aegis Critical Energy Defence
    7D
    1.7%
    1Y
    281.3%

    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
    -10.0%
    1Y
    -10.0%