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Canadian (TSX) Electrical Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies14
  • 7D1.8%
  • 3M8.2%
  • 1Y90.0%
  • YTD3.6%

The Electrical industry is up 1.8% in the last week, with Hammond Power Solutions up 7.8%. In the same time, Electrovaya was down 9.4%. This takes the industry's 12 month performance to a gain of 90%. 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
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
Sat, 03 Jun 2023CA$3.1bCA$1.0b-CA$301,548,448.009.9x-10.3x3x
Mon, 01 May 2023CA$3.2bCA$990.7m-CA$339,572,499.0010.6x-9.6x3.3x
Wed, 29 Mar 2023CA$3.5bCA$988.9m-CA$337,604,085.009.6x-10.5x3.6x
Price to Earnings Ratio

-10.5x


Total Market Cap: CA$3.5bTotal Earnings: -CA$337,604,085.00Total Revenue: CA$988.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -12.4x202420252026
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 2.7x 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 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-3.67%
Industrials-3.51%
Electrical1.78%
Electrical Components1.78%
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 10% 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$197.677.8%
    +CA$169.8m    		129.9%PE32.6x
    		BLDP Ballard Power SystemsCA$3.331.2%
    +CA$12.0m    		80.0%PS7.4x
    		DYA dynaCERTCA$0.114.8%
    +CA$2.5m    		-31.3%PS73.1x
    		FCLI Full Circle LithiumCA$0.364.3%
    +CA$1.5m    		-6.4%PS37.8x
    		MVI.H Monitor VenturesCA$0.138.3%
    +CA$43.0k    		30.0%PE-17.7x

    Latest News

    HPS.A
    CA$197.67
    Hammond Power Solutions
    7D
    7.8%
    1Y
    129.9%
    BLDP
    CA$3.33
    Ballard Power Systems
    7D
    1.2%
    1Y
    80.0%

    BLDP: Limited Order Book And Backlog Will Challenge Overvalued Shares

    Analysts have inched their fair value estimate for Ballard Power Systems higher to CA$1.47 from CA$1.46, reflecting recent price target increases such as BMO Capital's move to CA$1.70, as well as ongoing reassessments of growth, margins and future P/E assumptions following progress on cash flow and order visibility. Analyst Commentary Recent research on Ballard Power highlights a mix of cautious and more constructive views, with analysts weighing improving operational data against questions on growth and execution.
    MVI.H
    CA$0.13
    Monitor Ventures
    7D
    8.3%
    1Y
    30.0%
    HMM.A
    CA$10.26
    Hammond Manufacturing
    7D
    -1.3%
    1Y
    20.3%
    FCLI
    CA$0.36
    Full Circle Lithium
    7D
    4.3%
    1Y
    -6.4%
    ELVA
    CA$9.87
    Electrovaya
    7D
    -9.4%
    1Y
    146.1%

    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).
    GMG
    CA$1.99
    Graphene Manufacturing Group
    7D
    -12.7%
    1Y
    180.3%
    SUN
    CA$0.095
    Stardust Solar Energy
    7D
    -9.5%
    1Y
    -44.1%
    QESS
    CA$0.31
    Aegis Critical Energy Defence
    7D
    -13.9%
    1Y
    195.2%

    Is Aegis Critical Energy Defence (CSE:QESS) In A Good Position To Deliver On Growth Plans?

    Feb 11
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    EMM
    CA$0.065
    Giyani Metals
    7D
    -18.8%
    1Y
    -27.8%
    DYA
    CA$0.11
    dynaCERT
    7D
    4.8%
    1Y
    -31.3%
    SPRQ
    CA$0.64
    SPARQ Systems
    7D
    -5.9%
    1Y
    -39.0%
    SWAN
    CA$1.06
    Black Swan Graphene
    7D
    -0.9%
    1Y
    32.5%

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

    Oct 27
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