Has the Canadian Electronic Equipment and Components Industry valuation changed over the past few years?

Investors are pessimistic on the Canadian Electronic industry, indicating that they anticipate long term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 49.2x which is lower than its 3-year average PE of 135x. The industry is trading close to its 3-year average PS ratio of 3.0x.

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

Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 28.2x. Analysts are expecting annual earnings growth of 30.2%, which is lower than the prior year's growth of 65.4% per year.

Canadian (TSX) Electronic Equipment and Components Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 15 May 2026	CA$62.8b	CA$19.5b	CA$1.3b	41.8x	49x	3.2x
Sun, 12 Apr 2026	CA$60.3b	CA$17.7b	CA$1.1b	42.2x	53.2x	3.4x
Tue, 10 Mar 2026	CA$43.2b	CA$17.4b	CA$1.1b	37.4x	38.8x	2.5x
Thu, 05 Feb 2026	CA$50.7b	CA$17.5b	CA$1.1b	33x	45.2x	2.9x
Sat, 03 Jan 2026	CA$50.2b	CA$16.0b	CA$929.0m	34.8x	54.1x	3.1x
Mon, 01 Dec 2025	CA$58.7b	CA$16.3b	CA$947.7m	37.9x	62x	3.6x
Wed, 29 Oct 2025	CA$52.5b	CA$16.3b	CA$941.5m	20.2x	55.7x	3.2x
Fri, 26 Sep 2025	CA$41.5b	CA$15.3b	CA$698.2m	21.5x	59.4x	2.7x
Sun, 24 Aug 2025	CA$32.7b	CA$15.2b	CA$703.5m	21.1x	46.5x	2.2x
Tue, 22 Jul 2025	CA$27.9b	CA$14.3b	CA$542.2m	28.5x	51.5x	1.9x
Thu, 19 Jun 2025	CA$23.0b	CA$14.3b	CA$566.9m	25.1x	40.5x	1.6x
Sat, 17 May 2025	CA$19.9b	CA$14.6b	CA$580.8m	23.1x	34.3x	1.4x
Mon, 14 Apr 2025	CA$14.7b	CA$13.9b	CA$573.6m	19.9x	25.6x	1.1x
Wed, 12 Mar 2025	CA$15.5b	CA$14.4b	CA$578.2m	21.3x	26.8x	1.1x
Fri, 07 Feb 2025	CA$26.0b	CA$14.3b	CA$574.7m	21.1x	45.3x	1.8x
Sun, 05 Jan 2025	CA$18.3b	CA$13.9b	CA$504.2m	28.3x	36.3x	1.3x
Tue, 03 Dec 2024	CA$15.8b	CA$13.5b	CA$490.6m	26.7x	32.3x	1.2x
Thu, 31 Oct 2024	CA$12.8b	CA$13.3b	CA$490.0m	21.5x	26.1x	1x
Sat, 28 Sep 2024	CA$9.6b	CA$12.4b	CA$459.6m	16.4x	20.8x	0.8x
Mon, 26 Aug 2024	CA$9.7b	CA$12.3b	CA$455.3m	17.2x	21.3x	0.8x
Wed, 24 Jul 2024	CA$10.3b	CA$11.9b	CA$403.3m	21.3x	25.6x	0.9x
Fri, 21 Jun 2024	CA$10.3b	CA$11.7b	CA$421.0m	17.8x	24.6x	0.9x
Sun, 19 May 2024	CA$8.9b	CA$11.6b	CA$419.5m	16.9x	21.3x	0.8x
Tue, 16 Apr 2024	CA$9.0b	CA$12.4b	CA$374.8m	16.3x	24x	0.7x
Thu, 14 Mar 2024	CA$9.0b	CA$12.1b	CA$371.2m	19.7x	24.3x	0.7x
Sat, 10 Feb 2024	CA$7.7b	CA$12.1b	CA$368.8m	17.8x	21x	0.6x
Mon, 08 Jan 2024	CA$5.8b	CA$11.9b	CA$301.1m	16.9x	19.2x	0.5x
Wed, 06 Dec 2023	CA$5.8b	CA$12.1b	CA$308.8m	16.2x	18.6x	0.5x
Fri, 03 Nov 2023	CA$5.4b	CA$12.3b	CA$277.8m	12.8x	19.3x	0.4x
Sun, 01 Oct 2023	CA$5.5b	CA$12.0b	CA$225.4m	14.8x	24.3x	0.5x
Tue, 29 Aug 2023	CA$5.0b	CA$12.0b	CA$208.1m	15.4x	24.1x	0.4x
Thu, 27 Jul 2023	CA$4.2b	CA$11.4b	CA$163.4m	13.2x	25.4x	0.4x
Sat, 24 Jun 2023	CA$3.8b	CA$11.4b	CA$167.8m	12.3x	22.7x	0.3x
Mon, 22 May 2023	CA$3.5b	CA$11.6b	CA$172.5m	11.9x	20.1x	0.3x


CA Market	1.72%
Tech	-2.47%
Electronic Equipment and Components	-0.081%
Technology Distributors	8.33%
Electronic Equipment and Instruments	1.31%
Electronic Manufacturing Services	-0.16%
Electronic Components	-10.00%

Company	Last Price	7D	1Y	Valuation
PNG Kraken Robotics	CA$7.43	3.6% +CA$79.9m	203.3%	PE798x
INEO INEO Tech	CA$0.015	50.0% +CA$1.6m	-57.1%	PS3.8x
AIML AI/ML Innovations	CA$0.055	10.0% +CA$1.4m	-54.2%	PS118.8x
SKUR Sekur Private Data	CA$0.065	8.3% +CA$1.3m	85.7%	PS40.3x
BLN Blackline Safety	CA$8.98	0.1% +CA$874.1k	20.7%	PS5.2x

Announcement • Apr 09

Francisco Partners Management, L.P. entered into a definitive arrangement agreement to acquire Blackline Safety Corp. (TSX:BLN) from DAK Capital Inc, Slater, Lowy Family Group, Cody Slater, Brad Gilewich for approximately CAD 780 million.

Francisco Partners Management, L.P. entered into a definitive arrangement agreement to acquire Blackline Safety Corp. (TSX:BLN) from DAK Capital Inc, Slater, Lowy Family Group, Cody Slater, Brad Gilewich for approximately CAD 780 million on April 7, 2026. Pursuant to the Arrangement Agreement, the Purchaser will acquire all of the Shares (other than in respect of the Rollover Shares) for CAD 9.00 per Share in cash at closing plus one CVR per Share. Each CVR will entitle the holder thereof to an additional cash payment if the Company's annualized recurring revenue ("ARR") for the month ended October 31, 2027 (the “Calculated ARR”) is equal to or greater than CAD 145.0 million. If the Calculated ARR is equal to or greater than CAD 148.9 million, each CVR will entitle the holder thereof to a maximum cash payment of CAD 0.50. If the Calculated ARR is between CAD 145.0 million and CAD 148.9 million, each CVR will entitle the holder thereof to a cash payment between CAD 0.375 and CAD 0.50 based on a linear interpolation of the Calculated ARR. If the Calculated ARR is less than CAD 145.0 million, holders of CVRs will not be entitled to any payment in respect of their CVRs. The Cash Consideration and Total Consideration (assuming the maximum cash payment under the CVR) represent premiums of approximately 27% and 34%, respectively, to the closing price of the Shares on the Toronto Stock Exchange (the "TSX") on April 7, 2026, the last trading date prior to the announcement of the Transaction, and of approximately 28% and 35%, respectively, to the 20-day volume weighted average price (“VWAP”) per Share on the TSX as of the end of trading on April 7, 2026. The Rollover Shares represent approximately 31% of the issued and outstanding Shares. All rollovers will occur at a value not to exceed the Cash Consideration per Share. The Rollover Shareholders have agreed to forego any CVR consideration for their Rollover Shares (other than Mr. Slater who shall receive one CVR per each of his respective Rollover Shares). The Transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (Alberta) and will be subject to Shareholder approval at a special meeting of Shareholders to be held to consider the Transaction (the “Special Meeting”). Required Shareholder approval for the Transaction will consist of at least (i) 66? per cent of the votes cast by Shareholders at the Special Meeting, and (ii) a simple majority of the votes cast by Shareholders at the Special Meeting, excluding votes from Shareholders required to be excluded under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company expects to hold the Special Meeting in June, 2026. The Transaction is also subject to court approval, regulatory approvals and other customary closing conditions. Following completion of the Transaction, it is expected that the Shares will be delisted from the TSX and that Blackline will cease to be a reporting issuer in all applicable Canadian jurisdictions. The Arrangement Agreement was approved unanimously by the Board (with interested directors abstaining from voting) after considering, among other things, the unanimous recommendation of the Special Committee. The Special Committee and the Board (with the abstention of the interested directors) determined that the Transaction is in the best interests of the Company and the Board is recommending that Shareholders vote in favour of the Transaction. The Transaction is not subject to any financing condition and is expected to close in the second calendar quarter of 2026. Canaccord Genuity Corp. is acting as exclusive financial advisor and fairness opinion provider to the Special Committee. CIBC Capital Markets is acting as independent valuator to the Special Committee. Burnet, Duckworth & Palmer LLP is acting as legal advisor to the Company. Torys LLP is acting as legal advisor to the Special Committee. BDT & MSD Partners is acting as financial advisor to DAK and the Lowy Family Group. Osler, Hoskin & Harcourt LLP is acting as legal advisor to DAK. Blake, Cassels & Graydon LLP is acting as legal advisor to the Lowy Family Group. RBC Capital Markets is acting as financial advisor and Stikeman Elliott LLP and Kirkland & Ellis LLP are acting as legal advisors to Francisco Partners.

Canadian (TSX) Electronic Equipment and Components Industry Analysis

Industry Valuation and Performance

Industry Trends

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Francisco Partners Management, L.P. entered into a definitive arrangement agreement to acquire Blackline Safety Corp. (TSX:BLN) from DAK Capital Inc, Slater, Lowy Family Group, Cody Slater, Brad Gilewich for approximately CAD 780 million.

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