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Canadian (TSX) Communications Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.6%
  • 3M9.7%
  • 1Y4.4%
  • YTD4.1%

In the last week, the Communications industry is flat overall, with Critical Infrastructure Technologies standing out by going down 30%. The past year has been better, since the industry has gained 4.4% in that time. As for the next few years, earnings are expected to grow by 25% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026CA$2.0bCA$1.5bCA$5.5m26.1x365x1.4x
Tue, 06 Jan 2026CA$1.9bCA$1.5bCA$4.0m17.2x472.8x1.3x
Thu, 04 Dec 2025CA$1.9bCA$1.5bCA$1.1m16x1636.5x1.3x
Sat, 01 Nov 2025CA$1.9bCA$1.5bCA$4.4m18.5x421.4x1.3x
Mon, 29 Sep 2025CA$1.7bCA$1.5bCA$5.3m15.9x326.2x1.2x
Wed, 27 Aug 2025CA$1.7bCA$1.5bCA$22.8m17.1x76x1.2x
Fri, 25 Jul 2025CA$1.8bCA$1.5bCA$29.1m17.1x61x1.2x
Sun, 22 Jun 2025CA$1.8bCA$1.5bCA$29.8m18.9x59.9x1.2x
Tue, 20 May 2025CA$1.8bCA$1.5bCA$32.5m34.6x54.6x1.2x
Thu, 17 Apr 2025CA$1.6bCA$1.5bCA$43.5m21.8x36.4x1.1x
Sat, 15 Mar 2025CA$1.7bCA$1.5bCA$29.2m25.7x57.4x1.1x
Mon, 10 Feb 2025CA$1.9bCA$1.5bCA$41.1m15.2x45.6x1.2x
Wed, 08 Jan 2025CA$2.1bCA$1.5bCA$39.4m19x54x1.4x
Fri, 06 Dec 2024CA$2.1bCA$1.5bCA$46.8m21.2x44.8x1.4x
Sun, 03 Nov 2024CA$2.1bCA$1.5bCA$49.4m23.6x41.9x1.4x
Tue, 01 Oct 2024CA$2.1bCA$1.5bCA$51.1m23.2x40.3x1.4x
Thu, 29 Aug 2024CA$2.2bCA$1.5bCA$23.2m22.8x93.6x1.5x
Sat, 27 Jul 2024CA$2.2bCA$1.5bCA$10.7m21.5x202x1.4x
Mon, 24 Jun 2024CA$2.2bCA$1.5bCA$11.4m22.6x188.2x1.4x
Wed, 22 May 2024CA$2.3bCA$1.5bCA$12.5m22.1x181.6x1.5x
Fri, 19 Apr 2024CA$2.2bCA$1.5bCA$6.9m23.5x316.9x1.5x
Sun, 17 Mar 2024CA$2.3bCA$1.5bCA$5.5m25.5x411.9x1.5x
Tue, 13 Feb 2024CA$2.1bCA$1.6bCA$54.5m19.8x38.9x1.3x
Thu, 11 Jan 2024CA$3.7bCA$2.5bCA$5.8m22.4x638.6x1.5x
Sat, 09 Dec 2023CA$3.6bCA$2.6bCA$5.2m22.2x696.9x1.4x
Mon, 06 Nov 2023CA$3.5bCA$2.5bCA$8.5m18.7x414x1.4x
Wed, 04 Oct 2023CA$3.6bCA$2.5bCA$8.9m22.7x401x1.4x
Fri, 01 Sep 2023CA$3.6bCA$2.5b-CA$109,616,965.0024.2x-32.8x1.4x
Sun, 30 Jul 2023CA$3.7bCA$2.4b-CA$183,442,028.0018.7x-20.1x1.6x
Tue, 27 Jun 2023CA$3.6bCA$2.4b-CA$182,538,649.0017.5x-19.6x1.5x
Thu, 25 May 2023CA$3.6bCA$2.4b-CA$186,255,453.0017.8x-19.1x1.5x
Sat, 22 Apr 2023CA$3.6bCA$2.4b-CA$124,037,697.0023.1x-28.8x1.5x
Mon, 20 Mar 2023CA$3.5bCA$2.4b-CA$114,229,837.0015.7x-31x1.5x
Wed, 15 Feb 2023CA$3.7bCA$2.4b-CA$99,941,550.0016.3x-36.9x1.5x
Price to Earnings Ratio

-36.9x


Total Market Cap: CA$3.7bTotal Earnings: -CA$99,941,550.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 228.9x202420252026
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 365x which is higher than its 3-year average PE of 229x.
  • 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 16% 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 Market2.10%
Tech-0.98%
Communications-0.61%
Communications Equipment-0.61%
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
ET Evertz TechnologiesCA$14.530.5%
+CA$5.3m		26.3%PE17.1x
STC Sangoma TechnologiesCA$6.380.9%
+CA$2.5m		-29.6%PS0.7x
QTRH QuarterhillCA$0.932.2%
+CA$2.4m		-43.6%PS0.5x
TTZ Total TelcomCA$0.3622.0%
+CA$1.7m		80.0%PE26.1x
VCM Vecima NetworksCA$10.150.6%
+CA$1.5m		-17.8%PS0.9x

Latest News

STC
CA$6.38
Sangoma Technologies
7D
0.9%
1Y
-29.6%
TTZ
CA$0.36
Total Telcom
7D
22.0%
1Y
80.0%
HAI
CA$8.40
Haivision Systems
7D
-0.1%
1Y
67.0%

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.
NUR
CA$3.65
Nuran Wireless
7D
0%
1Y
-85.7%

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

Jan 14
Estimating The Intrinsic Value Of Nuran Wireless Inc. (CSE:NUR)
QTRH
CA$0.93
Quarterhill
7D
2.2%
1Y
-43.6%
VCM
CA$10.15
Vecima Networks
7D
0.6%
1Y
-17.8%
ET
CA$14.53
Evertz Technologies
7D
0.5%
1Y
26.3%
DCSI
CA$2.08
Direct Communication Solutions
7D
-1.0%
1Y
-44.5%
CTTT
CA$0.45
Critical Infrastructure Technologies
7D
-29.7%
1Y
n/a
NVI
CA$0.10
Novra Technologies
7D
42.9%
1Y
25.0%
CMI
CA$0.98
C-Com Satellite Systems
7D
-5.8%
1Y
-16.2%
IMI
CA$0.10
Ironman International
7D
-4.8%
1Y
n/a