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Canadian (TSX) Electrical Industry Analysis

UpdatedAug 19, 2025
DataAggregated Company Financials
Companies13
  • 7D3.7%
  • 3M30.0%
  • 1Y20.1%
  • YTD5.7%

Over the last 7 days, the Electrical industry has risen 3.7%, driven by gains from Ballard Power Systems of 11%. In the same time, Exro Technologies was down 13%. In the last 12 months, the industry was up 20%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Aug 2025CA$3.2bCA$1.3b-CA$366,054,457.4719.3x-8.6x2.5x
Thu, 17 Jul 2025CA$2.9bCA$1.2b-CA$373,870,288.7811x-7.9x2.4x
Sat, 14 Jun 2025CA$2.7bCA$1.2b-CA$366,348,676.0910.4x-7.4x2.2x
Mon, 12 May 2025CA$2.4bCA$1.2b-CA$649,506,455.199x-3.6x1.9x
Wed, 09 Apr 2025CA$1.9bCA$1.2b-CA$730,412,686.628.3x-2.7x1.6x
Fri, 07 Mar 2025CA$2.2bCA$1.2b-CA$735,322,288.289.7x-2.9x1.8x
Sun, 02 Feb 2025CA$2.6bCA$1.2b-CA$732,469,807.665.7x-3.6x2.1x
Tue, 31 Dec 2024CA$3.0bCA$1.2b-CA$719,418,324.936.4x-4.1x2.4x
Thu, 28 Nov 2024CA$2.8bCA$1.2b-CA$721,883,796.2623.9x-3.9x2.3x
Sat, 26 Oct 2024CA$3.0bCA$1.2b-CA$277,858,884.2025.3x-10.8x2.5x
Mon, 23 Sep 2024CA$3.1bCA$1.2b-CA$273,522,646.6625.9x-11.2x2.5x
Wed, 21 Aug 2024CA$2.8bCA$1.2b-CA$306,792,262.2020x-9.1x2.3x
Fri, 19 Jul 2024CA$3.0bCA$1.2b-CA$287,868,033.2522x-10.6x2.6x
Sun, 16 Jun 2024CA$3.1bCA$1.2b-CA$289,386,865.1022.6x-10.6x2.6x
Tue, 14 May 2024CA$3.3bCA$1.2b-CA$275,529,514.3823.6x-12x2.8x
Thu, 11 Apr 2024CA$4.0bCA$1.2b-CA$258,509,339.5329.5x-15.5x3.4x
Sat, 09 Mar 2024CA$3.4bCA$1.1b-CA$278,865,050.3522.3x-12.3x3.2x
Mon, 05 Feb 2024CA$3.3bCA$1.1b-CA$279,953,107.0019.1x-11.7x2.9x
Wed, 03 Jan 2024CA$3.2bCA$1.1b-CA$283,127,381.0015.5x-11.2x2.9x
Fri, 01 Dec 2023CA$3.2bCA$1.1b-CA$296,517,507.0015.8x-10.6x2.8x
Sun, 29 Oct 2023CA$3.0bCA$1.1b-CA$286,238,934.0012.6x-10.5x2.7x
Tue, 26 Sep 2023CA$3.0bCA$1.1b-CA$278,775,044.0010.3x-10.9x2.8x
Thu, 24 Aug 2023CA$3.2bCA$1.1b-CA$269,995,693.0010.8x-11.8x3x
Sat, 22 Jul 2023CA$3.4bCA$1.0b-CA$297,330,507.0011.8x-11.4x3.3x
Mon, 19 Jun 2023CA$3.2bCA$1.0b-CA$297,039,318.0010.6x-10.7x3.1x
Wed, 17 May 2023CA$3.2bCA$1.0b-CA$310,069,179.009.7x-10.3x3.1x
Fri, 14 Apr 2023CA$3.5bCA$988.4m-CA$341,383,395.009.9x-10.2x3.5x
Sun, 12 Mar 2023CA$3.6bCA$1.0b-CA$354,174,316.009.3x-10.1x3.5x
Tue, 07 Feb 2023CA$3.7bCA$944.1m-CA$351,004,073.007.3x-10.6x3.9x
Thu, 05 Jan 2023CA$3.0bCA$940.4m-CA$343,905,906.007.3x-8.8x3.2x
Sat, 03 Dec 2022CA$3.5bCA$940.2m-CA$338,881,055.008.4x-10.4x3.7x
Mon, 31 Oct 2022CA$3.1bCA$935.5m-CA$317,990,896.007.6x-9.7x3.3x
Wed, 28 Sep 2022CA$3.4bCA$882.1m-CA$319,838,990.006.5x-10.8x3.9x
Fri, 26 Aug 2022CA$3.9bCA$872.7m-CA$308,320,532.006.7x-12.8x4.5x
Price to Earnings Ratio

-12.8x


Total Market Cap: CA$3.9bTotal Earnings: -CA$308,320,532.00Total Revenue: CA$872.7mTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Electrical Industry Price to Earnings3Y Average -9.3x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 13% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

Which industries have driven the changes within the Canadian Industrials industry?

CA Market-5.09%
Industrials-0.22%
Electrical3.75%
Electrical Components3.75%
Heavy Electrical Equipment0%0
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 27% over the next 5 years.
    • This is better than its past earnings growth rate of 21% per year.
    • In contrast, the Electrical Components industry is expected to see its earnings grow by 27% 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$2.6913.0%
    +CA$93.2m    		7.2%PS8x
    		GMG Graphene Manufacturing GroupCA$0.959.2%
    +CA$8.7m    		55.7%PS485.9x
    		SWAN Black Swan GrapheneCA$1.929.7%
    +CA$8.5m    		118.2%PB6.4x
    		SPRQ SPARQ SystemsCA$0.809.6%
    +CA$8.2m    		17.6%PS56.6x
    		NHHH FuelPositiveCA$0.0658.3%
    +CA$2.8m    		62.5%PB2.3x

    Latest News

    EMM
    CA$0.065
    Giyani Metals
    7D
    8.3%
    1Y
    -27.8%
    ELVA
    CA$6.64
    Electrovaya
    7D
    -4.0%
    1Y
    135.5%

    Jamestown Cell Manufacturing And Battery Insights Will Build Resilience

    Driven by significant increases in both Electrovaya's future P/E ratio and net profit margin, analysts have notably raised the consensus price target from CA$4.50 to CA$6.01. What's in the News Launched battery systems for airport ground support equipment in partnership with a major OEM; first commercial shipment set for August and products to be showcased at the International GSE Expo.
    FCLI
    CA$0.21
    Full Circle Lithium
    7D
    -10.4%
    1Y
    -6.5%
    EXRO
    CA$0.065
    Exro Technologies
    7D
    -13.3%
    1Y
    -77.6%
    GMG
    CA$0.95
    Graphene Manufacturing Group
    7D
    9.2%
    1Y
    55.7%
    BLDP
    CA$2.69
    Ballard Power Systems
    7D
    13.0%
    1Y
    7.2%

    Overvaluation And Policy Tailwinds Will Reshape Hydrogen Mobility

    Despite ongoing restructuring under new leadership and a strong cash position to weather hydrogen market headwinds, continued uncertainty and execution risks have prompted analysts to maintain a cautious outlook, leaving Ballard Power Systems’ consensus price target unchanged at CA$1.62. Analyst Commentary Ballard Power is undertaking a restructuring under new leadership with the goal to achieve profitability and be cash flow positive by the end of 2027.
    HMM.A
    CA$9.15
    Hammond Manufacturing
    7D
    -4.5%
    1Y
    3.5%
    NHHH
    CA$0.065
    FuelPositive
    7D
    8.3%
    1Y
    62.5%
    SUN
    CA$0.09
    Stardust Solar Energy
    7D
    -5.3%
    1Y
    n/a
    HPS.A
    CA$126.33
    Hammond Power Solutions
    7D
    -4.5%
    1Y
    14.3%
    SWAN
    CA$1.92
    Black Swan Graphene
    7D
    9.7%
    1Y
    118.2%

    We Think Black Swan Graphene (CVE:SWAN) Can Afford To Drive Business Growth

    Jul 10
    We Think Black Swan Graphene (CVE:SWAN) Can Afford To Drive Business Growth
    GRD
    CA$0.065
    Grounded Lithium
    7D
    -18.8%
    1Y
    85.7%
    HEAT
    CA$0.09
    Hillcrest Energy Technologies
    7D
    -5.3%
    1Y
    -69.0%
    BES
    CA$0.06
    Braille Energy Systems
    7D
    9.1%
    1Y
    -25.0%
    ABND
    CA$0.045
    Abound Energy
    7D
    12.5%
    1Y
    -60.9%
    SPRQ
    CA$0.80
    SPARQ Systems
    7D
    9.6%
    1Y
    17.6%