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Canadian (TSX) Electrical Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies12
  • 7D5.5%
  • 3M91.9%
  • 1Y244.6%
  • YTD90.7%

Over the last 7 days, the Electrical industry has risen 5.5%, driven by gains in Ballard Power Systems and Hammond Power Solutions of 7.4% and 4.8%, respectively. Meanwhile, NEO Battery Materials actually underperformed within the industry, shrinking 7.1% in the last week. This means that the industry has gained 245% over the past year. Earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026CA$7.9bCA$1.5b-CA$62,426,674.9359.8x-125.9x5.3x
Fri, 01 May 2026CA$6.1bCA$1.4b-CA$94,869,576.1447.7x-64.8x4.4x
Sun, 29 Mar 2026CA$4.4bCA$1.4b-CA$101,494,228.0730x-43.3x3.1x
Tue, 24 Feb 2026CA$4.8bCA$1.3b-CA$119,911,641.1530x-40.2x3.6x
Thu, 22 Jan 2026CA$4.6bCA$1.3b-CA$122,820,056.4323.5x-37.8x3.5x
Sat, 20 Dec 2025CA$4.1bCA$1.3b-CA$121,868,764.5924.2x-33.9x3.1x
Mon, 17 Nov 2025CA$4.2bCA$1.3b-CA$126,397,140.7924.3x-33.4x3.2x
Wed, 15 Oct 2025CA$3.8bCA$1.3b-CA$368,290,688.8820.8x-10.4x3x
Fri, 12 Sep 2025CA$3.1bCA$1.3b-CA$360,547,853.6816.8x-8.6x2.4x
Sun, 10 Aug 2025CA$3.2bCA$1.3b-CA$387,617,869.7312.9x-8.2x2.5x
Tue, 08 Jul 2025CA$2.9bCA$1.2b-CA$367,598,646.4011.5x-7.9x2.4x
Thu, 05 Jun 2025CA$2.4bCA$1.2b-CA$354,097,896.339.8x-6.8x2x
Sat, 03 May 2025CA$2.3bCA$1.2b-CA$716,013,078.1110.5x-3.2x1.9x
Mon, 31 Mar 2025CA$2.1bCA$1.2b-CA$727,234,880.869.3x-2.9x1.7x
Wed, 26 Feb 2025CA$2.3bCA$1.2b-CA$732,654,106.955.7x-3.2x1.9x
Fri, 24 Jan 2025CA$2.9bCA$1.2b-CA$728,807,398.745.9x-3.9x2.3x
Sun, 22 Dec 2024CA$2.8bCA$1.2b-CA$719,911,714.496.4x-4x2.3x
Tue, 19 Nov 2024CA$2.7bCA$1.2b-CA$724,584,083.4422.3x-3.7x2.2x
Thu, 17 Oct 2024CA$3.0bCA$1.2b-CA$275,740,245.0224.6x-10.8x2.4x
Sat, 14 Sep 2024CA$2.8bCA$1.2b-CA$273,860,689.0223x-10.4x2.3x
Mon, 12 Aug 2024CA$2.9bCA$1.2b-CA$292,550,748.0420.6x-10x2.4x
Wed, 10 Jul 2024CA$3.0bCA$1.2b-CA$286,580,756.8121.6x-10.3x2.5x
Fri, 07 Jun 2024CA$3.3bCA$1.2b-CA$288,419,813.0923.9x-11.5x2.8x
Sun, 05 May 2024CA$3.2bCA$1.2b-CA$263,833,535.2122.6x-12x2.7x
Tue, 02 Apr 2024CA$3.6bCA$1.2b-CA$250,995,407.9727.5x-14.2x3.1x
Thu, 29 Feb 2024CA$3.4bCA$1.1b-CA$279,747,865.9622x-12.1x3.1x
Sat, 27 Jan 2024CA$3.2bCA$1.1b-CA$284,169,267.0018x-11.2x2.8x
Mon, 25 Dec 2023CA$3.1bCA$1.1b-CA$291,482,988.0014.9x-10.8x2.8x
Wed, 22 Nov 2023CA$3.2bCA$1.1b-CA$307,017,000.0015.5x-10.6x2.9x
Fri, 20 Oct 2023CA$3.0bCA$1.1b-CA$286,802,720.0011.5x-10.4x2.8x
Sun, 17 Sep 2023CA$3.4bCA$1.1b-CA$279,783,549.0010.4x-12x3.1x
Tue, 15 Aug 2023CA$3.5bCA$1.1b-CA$271,033,581.0011x-12.8x3.3x
Thu, 13 Jul 2023CA$3.3bCA$1.0b-CA$296,765,257.0011.7x-11.2x3.2x
Sat, 10 Jun 2023CA$3.1bCA$1.0b-CA$299,955,469.0010.3x-10.3x3x
Price to Earnings Ratio

-10.3x


Total Market Cap: CA$3.1bTotal Earnings: -CA$299,955,469.00Total Revenue: CA$1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -16.3x202420252026
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 5.3x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have improved over the last three years.
  • Revenues for these companies have grown 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 Market1.07%
Industrials1.33%
Electrical5.53%
Electrical Components5.53%
Heavy Electrical Equipment0%0
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
    		BLDP Ballard Power SystemsCA$8.827.4%
    +CA$183.9m    		395.5%PS18.6x
    		HPS.A Hammond Power SolutionsCA$329.654.8%
    +CA$179.6m    		224.1%PE59.8x
    		ELVA ElectrovayaCA$17.066.3%
    +CA$50.0m    		274.1%PE121.7x
    		SPRQ SPARQ SystemsCA$1.438.3%
    +CA$12.9m    		98.6%PS64.3x
    		HMM.A Hammond ManufacturingCA$19.505.6%
    +CA$11.7m    		113.1%PE14.7x

    Latest News

    EMM
    CA$0.09
    Giyani Metals
    7D
    5.9%
    1Y
    0%
    SUN
    CA$0.06
    Stardust Solar Energy
    7D
    -7.7%
    1Y
    -57.1%
    BLDP
    CA$8.82
    Ballard Power Systems
    7D
    7.4%
    1Y
    395.5%
    HPS.A
    CA$329.65
    Hammond Power Solutions
    7D
    4.8%
    1Y
    224.1%
    Narrative Update • Jun 01

    HPS.A: Backlog Strength And Overweight Rating Will Shape Balanced Forward Returns

    The analyst price target for Hammond Power Solutions has been raised from CA$346.50 to CA$358.43. Analysts point to the recent Overweight initiation, higher Street targets, and the company's position in low to medium voltage transformers as key supports for the update.
    HEAT
    CA$0.16
    Hillcrest Energy Technologies
    7D
    6.7%
    1Y
    68.4%
    SPRQ
    CA$1.43
    SPARQ Systems
    7D
    8.3%
    1Y
    98.6%
    ELVA
    CA$17.06
    Electrovaya
    7D
    6.3%
    1Y
    274.1%
    Narrative Update • May 26

    ELVA: Forklift Battery Reliance Will Expose Weakness In Airport Equipment Demand

    Narrative Update: Electrovaya Analyst Price Target Shift Analysts have nudged their fair value estimate for Electrovaya essentially flat at about CA$12.55, with recent price target moves to CA$12 and CA$15 framed around steady execution, stronger forklift battery demand, and ongoing product and market diversification efforts despite near term uncertainty in airport equipment orders. Analyst Commentary Recent research updates reflect a generally constructive tone on Electrovaya, with price targets lifted into a CA$12 to CA$15 range.
    DYA
    CA$0.13
    dynaCERT
    7D
    -3.7%
    1Y
    -10.3%
    MVI.H
    CA$0.08
    Monitor Ventures
    7D
    -5.9%
    1Y
    -20.0%
    HMM.A
    CA$19.50
    Hammond Manufacturing
    7D
    5.6%
    1Y
    113.1%
    NHHH
    CA$0.037
    FuelPositive
    7D
    7.1%
    1Y
    n/a
    NBM
    CA$0.39
    NEO Battery Materials
    7D
    -7.1%
    1Y
    -31.6%