Several notions of sheaf on various types of quantale have been proposed and studied in the last twenty five years. It is fairly standard that for an involutive quantale Q satisfying mild algebraic properties, the sheaves on Q can be defined to be the idempotent self-adjoint Q-valued matrices. These can be thought of as Q-valued equivalence relations, and, accordingly, the morphisms of sheaves are the Q-valued functional relations. Few concrete examples of such sheaves are known, however, and in this paper we provide a new one by showing that the category of equivariant sheaves on a localic etale groupoid G (the classifying topos of G) is equivalent to the category of sheaves on its involutive quantale O(G). As a means toward this end, we begin by replacing the category of matrix sheaves on Q by an equivalent category of complete Hilbert Q-modules, and we approach the envisaged example where Q is an inverse quantal frame O(G) by placing it in the wider context of stably supported quantales, on one hand, and in the wider context of a module-theoretic description of arbitrary actions of etale groupoids, both of which may be interesting in their own right. (C) 2011 Elsevier B.V. All rights reserved.