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Canadian (TSX) Electrical Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies12
  • 7D-14.8%
  • 3M59.4%
  • 1Y166.5%
  • YTD63.2%

Over the last 7 days, the Electrical industry has dropped 7.8%, driven by Ballard Power Systems declining 17%. In the past year, the industry has gained 177%. 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
Wed, 10 Jun 2026CA$7.2bCA$1.5b-CA$63,147,322.4854.4x-114.3x4.8x
Fri, 08 May 2026CA$6.8bCA$1.5b-CA$89,883,443.6555.3x-75.6x4.6x
Sun, 05 Apr 2026CA$4.5bCA$1.4b-CA$94,543,018.7230.1x-47.8x3.2x
Tue, 03 Mar 2026CA$4.6bCA$1.3b-CA$119,245,509.3129x-38.6x3.4x
Thu, 29 Jan 2026CA$4.7bCA$1.3b-CA$119,739,310.0626.7x-39.6x3.5x
Sat, 27 Dec 2025CA$4.3bCA$1.3b-CA$120,379,490.5923.7x-35.4x3.2x
Mon, 24 Nov 2025CA$3.9bCA$1.3b-CA$127,131,281.0722.9x-30.9x3x
Wed, 22 Oct 2025CA$4.1bCA$1.3b-CA$367,494,473.9420.6x-11.3x3.2x
Fri, 19 Sep 2025CA$3.3bCA$1.3b-CA$359,403,825.0317.5x-9.3x2.6x
Sun, 17 Aug 2025CA$3.2bCA$1.3b-CA$366,317,007.9019x-8.6x2.5x
Tue, 15 Jul 2025CA$2.9bCA$1.2b-CA$374,288,820.1911.1x-7.9x2.4x
Thu, 12 Jun 2025CA$2.7bCA$1.2b-CA$368,892,774.8410.2x-7.3x2.2x
Sat, 10 May 2025CA$2.3bCA$1.2b-CA$649,506,455.199x-3.6x1.9x
Mon, 07 Apr 2025CA$2.0bCA$1.2b-CA$729,827,522.388.6x-2.7x1.6x
Wed, 05 Mar 2025CA$2.1bCA$1.2b-CA$742,690,125.249.6x-2.9x1.7x
Fri, 31 Jan 2025CA$2.6bCA$1.2b-CA$730,760,057.815.9x-3.6x2.1x
Sun, 29 Dec 2024CA$3.0bCA$1.2b-CA$721,424,074.626.4x-4.1x2.4x
Tue, 26 Nov 2024CA$2.9bCA$1.2b-CA$720,431,189.1425x-4x2.4x
Thu, 24 Oct 2024CA$3.0bCA$1.2b-CA$277,111,885.4124.6x-10.8x2.4x
Sat, 21 Sep 2024CA$3.1bCA$1.2b-CA$273,523,270.7725.9x-11.3x2.5x
Mon, 19 Aug 2024CA$2.8bCA$1.2b-CA$307,714,299.3221.2x-9.2x2.3x
Wed, 17 Jul 2024CA$3.0bCA$1.2b-CA$287,208,769.7423.1x-10.5x2.5x
Fri, 14 Jun 2024CA$3.2bCA$1.2b-CA$289,503,641.5323x-11x2.7x
Sun, 12 May 2024CA$3.2bCA$1.2b-CA$275,557,187.2922.6x-11.5x2.7x
Tue, 09 Apr 2024CA$3.9bCA$1.2b-CA$257,055,168.3929.3x-15.2x3.4x
Thu, 07 Mar 2024CA$3.4bCA$1.1b-CA$279,191,196.9722.3x-12.3x3.2x
Sat, 03 Feb 2024CA$3.3bCA$1.1b-CA$279,953,107.0019.1x-11.6x2.9x
Mon, 01 Jan 2024CA$3.2bCA$1.1b-CA$281,817,951.0015.8x-11.4x2.9x
Wed, 29 Nov 2023CA$3.1bCA$1.1b-CA$302,440,171.0015.6x-10.3x2.8x
Fri, 27 Oct 2023CA$2.9bCA$1.1b-CA$288,498,614.0011.5x-10.2x2.7x
Sun, 24 Sep 2023CA$3.1bCA$1.1b-CA$279,142,286.0010.5x-11x2.8x
Tue, 22 Aug 2023CA$3.2bCA$1.1b-CA$270,154,153.0010.9x-12x3x
Thu, 20 Jul 2023CA$3.5bCA$1.0b-CA$296,468,929.0012.6x-11.7x3.4x
Sat, 17 Jun 2023CA$3.2bCA$1.0b-CA$297,039,318.0010.6x-10.7x3.1x
Price to Earnings Ratio

-10.7x


Total Market Cap: CA$3.2bTotal Earnings: -CA$297,039,318.00Total Revenue: CA$1.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -17x202420252026
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 Market-2.46%
Industrials-0.71%
Electrical-14.84%
Heavy Electrical Equipment0%0
Electrical Components-14.84%
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
    		SWAN Black Swan GrapheneCA$1.164.5%
    +CA$2.8m    		45.0%PB5.2x
    		NHHH FuelPositiveCA$0.046.7%
    +CA$1.4m    		0%PB2x
    		NBM NEO Battery MaterialsCA$0.401.3%
    +CA$771.7k    		-19.4%PB6.8x

    Latest News

    BLDP
    CA$6.60
    Ballard Power Systems
    7D
    -25.2%
    1Y
    189.5%
    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$299.88
    Hammond Power Solutions
    7D
    -9.0%
    1Y
    175.7%
    NBM
    CA$0.40
    NEO Battery Materials
    7D
    1.3%
    1Y
    -19.4%
    GMG
    CA$2.43
    Graphene Manufacturing Group
    7D
    -5.4%
    1Y
    268.2%
    EMM
    CA$0.085
    Giyani Metals
    7D
    -5.6%
    1Y
    -5.6%
    SPRQ
    CA$1.36
    SPARQ Systems
    7D
    -4.9%
    1Y
    72.2%
    ELVA
    CA$13.74
    Electrovaya
    7D
    -19.5%
    1Y
    180.4%
    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$0.12
    dynaCERT
    7D
    -7.7%
    1Y
    -20.0%
    HMM.A
    CA$18.19
    Hammond Manufacturing
    7D
    -6.7%
    1Y
    94.5%
    NHHH
    CA$0.04
    FuelPositive
    7D
    6.7%
    1Y
    0%
    SWAN
    CA$1.16
    Black Swan Graphene
    7D
    4.5%
    1Y
    45.0%