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Canadian (TSX) Communications Industry Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies9
  • 7D2.0%
  • 3M5.6%
  • 1Y-5.6%
  • YTD4.8%

Haivision Systems is up 12%, leading the way for the Communications industry, which has gained 2.0%. Meanwhile, Sangoma Technologies actually underperformed within the industry, shrinking 5.7% in the last week. In the past year, the industry is down 5.6%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026CA$2.0bCA$1.5bCA$5.8m21.4x352.6x1.4x
Tue, 30 Dec 2025CA$1.9bCA$1.5bCA$4.2m17.8x452.5x1.3x
Thu, 27 Nov 2025CA$1.8bCA$1.5bCA$571.3k17.4x3231.2x1.3x
Sat, 25 Oct 2025CA$1.9bCA$1.5bCA$5.3m18.5x360.5x1.3x
Mon, 22 Sep 2025CA$1.8bCA$1.5bCA$27.2m16.2x65.3x1.2x
Wed, 20 Aug 2025CA$1.8bCA$1.5bCA$22.7m17.1x77.2x1.2x
Fri, 18 Jul 2025CA$1.8bCA$1.5bCA$28.9m17.1x62.1x1.2x
Sun, 15 Jun 2025CA$1.8bCA$1.5bCA$30.1m18.5x58.6x1.2x
Tue, 13 May 2025CA$1.7bCA$1.5bCA$43.0m22.7x40.4x1.2x
Thu, 10 Apr 2025CA$1.5bCA$1.5bCA$44.3m21.1x33.2x1x
Sat, 08 Mar 2025CA$1.7bCA$1.5bCA$31.5m24.5x54.5x1.1x
Mon, 03 Feb 2025CA$2.1bCA$1.5bCA$38.4m17.1x53.9x1.3x
Wed, 01 Jan 2025CA$2.1bCA$1.5bCA$39.3m19.6x53x1.4x
Fri, 29 Nov 2024CA$2.1bCA$1.5bCA$46.7m20.9x44.8x1.4x
Sun, 27 Oct 2024CA$2.1bCA$1.5bCA$49.5m24.7x41.9x1.4x
Tue, 24 Sep 2024CA$2.1bCA$1.5bCA$51.0m23x40.7x1.4x
Thu, 22 Aug 2024CA$2.2bCA$1.5bCA$22.4m22.1x96.6x1.4x
Sat, 20 Jul 2024CA$2.1bCA$1.5bCA$11.3m22.1x189.5x1.4x
Mon, 17 Jun 2024CA$2.3bCA$1.5bCA$15.9m21.3x147.3x1.6x
Wed, 15 May 2024CA$2.1bCA$1.5bCA$11.2m23x191.6x1.4x
Fri, 12 Apr 2024CA$2.3bCA$1.5bCA$6.8m31x331.3x1.5x
Sun, 10 Mar 2024CA$2.2bCA$1.6bCA$49.8m20.6x44.2x1.4x
Tue, 06 Feb 2024CA$2.1bCA$1.6bCA$54.9m20.6x37.5x1.3x
Thu, 04 Jan 2024CA$3.6bCA$2.5bCA$5.9m21.7x616.7x1.4x
Sat, 02 Dec 2023CA$3.5bCA$2.5bCA$3.2m21.4x1104.1x1.4x
Mon, 30 Oct 2023CA$3.5bCA$2.6bCA$7.9m17.2x439.6x1.4x
Wed, 27 Sep 2023CA$3.6bCA$2.5b-CA$92,884,013.0024.4x-38.4x1.4x
Fri, 25 Aug 2023CA$3.6bCA$2.5b-CA$110,317,265.0024.2x-32.2x1.4x
Sun, 23 Jul 2023CA$3.7bCA$2.4b-CA$183,250,637.0019.7x-20x1.6x
Tue, 20 Jun 2023CA$3.4bCA$2.3b-CA$182,620,902.0017.1x-18.7x1.5x
Thu, 18 May 2023CA$3.6bCA$2.3b-CA$185,048,016.0017.6x-19.3x1.5x
Sat, 15 Apr 2023CA$3.6bCA$2.4b-CA$120,928,060.0022.3x-29.5x1.5x
Mon, 13 Mar 2023CA$3.7bCA$2.4b-CA$114,391,097.0016.4x-32x1.5x
Wed, 08 Feb 2023CA$3.7bCA$2.4b-CA$107,416,560.0017x-34.2x1.5x
Price to Earnings Ratio

-34.2x


Total Market Cap: CA$3.7bTotal Earnings: -CA$107,416,560.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 226.4x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Communications industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 353x which is higher than its 3-year average PE of 226x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • Total earnings for the Communications industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 15% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

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

CA Market-3.80%
Tech-8.11%
Communications2.01%
Communications Equipment2.01%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HAI Haivision SystemsCA$8.4112.3%
+CA$25.0m		66.5%PE1994.9x
ET Evertz TechnologiesCA$14.462.2%
+CA$23.4m		11.2%PE17x
VCM Vecima NetworksCA$10.092.5%
+CA$6.1m		-27.4%PS0.9x
CMI C-Com Satellite SystemsCA$1.0410.6%
+CA$4.2m		-3.7%PS7.9x
NUR Nuran WirelessCA$3.657.4%
+CA$3.3m		-83.8%PS11.3x

Latest News

HAI
CA$8.41
Haivision Systems
7D
12.3%
1Y
66.5%

HAI: Fair Value View Will Rely On 2026 Guidance Execution

Analysts have lifted their price target on Haivision Systems from $7.63 to $8.13, citing updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions reflected in recent research. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as better aligned with their refreshed view of fair value, given updated assumptions on revenue growth and profit margins.
STC
CA$6.32
Sangoma Technologies
7D
-5.7%
1Y
-38.3%
NUR
CA$3.65
Nuran Wireless
7D
7.4%
1Y
-83.8%

Estimating The Intrinsic Value Of Nuran Wireless Inc. (CSE:NUR)

Jan 14
Estimating The Intrinsic Value Of Nuran Wireless Inc. (CSE:NUR)
TTZ
CA$0.29
Total Telcom
7D
22.9%
1Y
37.2%

Total Telcom Inc.'s (CVE:TTZ) 26% Price Boost Is Out Of Tune With Earnings

Jan 02
Total Telcom Inc.'s (CVE:TTZ) 26% Price Boost Is Out Of Tune With Earnings
QTRH
CA$0.91
Quarterhill
7D
-3.2%
1Y
-45.2%
VCM
CA$10.09
Vecima Networks
7D
2.5%
1Y
-27.4%
ET
CA$14.46
Evertz Technologies
7D
2.2%
1Y
11.2%
DCSI
CA$2.10
Direct Communication Solutions
7D
-12.5%
1Y
n/a
CTTT
CA$0.64
Critical Infrastructure Technologies
7D
-5.9%
1Y
n/a
NVI
CA$0.07
Novra Technologies
7D
7.7%
1Y
-6.7%
VTI
CA$0.01
Valdor Technology International
7D
-33.3%
1Y
-85.7%
CMI
CA$1.04
C-Com Satellite Systems
7D
10.6%
1Y
-3.7%
IMI
CA$0.10
Ironman International
7D
-12.5%
1Y
n/a