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Canadian (TSX) Communications Industry Analysis

UpdatedMar 23, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.9%
  • 3M14.5%
  • 1Y25.8%
  • YTD12.6%

Over the last 7 days, the Communications industry has remained flat, although notably Haivision Systems declined by 6.3%. As for the the longer term, the industry is up 26% over the past 12 months. Looking forward, earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 23 Mar 2026CA$2.1bCA$1.5bCA$13.2m19.7x160.3x1.4x
Wed, 18 Feb 2026CA$2.1bCA$1.5bCA$13.5m25.3x152.3x1.4x
Fri, 16 Jan 2026CA$1.9bCA$1.5bCA$3.6m17.3x513x1.3x
Sun, 14 Dec 2025CA$2.0bCA$1.5bCA$4.0m17.2x496.1x1.4x
Tue, 11 Nov 2025CA$1.8bCA$1.5bCA$3.6m17.1x513.8x1.2x
Thu, 09 Oct 2025CA$1.8bCA$1.5bCA$5.3m16.7x349.4x1.3x
Sat, 06 Sep 2025CA$1.8bCA$1.5bCA$22.5m20.3x78.8x1.2x
Mon, 04 Aug 2025CA$1.8bCA$1.5bCA$28.7m16.7x61.5x1.2x
Wed, 02 Jul 2025CA$1.8bCA$1.5bCA$29.3m19.4x60.6x1.2x
Fri, 30 May 2025CA$1.8bCA$1.5bCA$32.9m36.3x54.1x1.2x
Sun, 27 Apr 2025CA$1.7bCA$1.5bCA$43.5m21.9x38x1.1x
Tue, 25 Mar 2025CA$1.7bCA$1.5bCA$46.1m25.1x37.1x1.1x
Thu, 20 Feb 2025CA$1.9bCA$1.5bCA$29.9m25.3x63.4x1.2x
Sat, 18 Jan 2025CA$2.1bCA$1.5bCA$38.6m17.7x53.9x1.4x
Mon, 16 Dec 2024CA$2.1bCA$1.5bCA$39.8m20.3x52.8x1.4x
Wed, 13 Nov 2024CA$2.1bCA$1.5bCA$46.2m23.5x45.5x1.4x
Fri, 11 Oct 2024CA$2.1bCA$1.5bCA$50.5m24.9x41.4x1.4x
Sun, 08 Sep 2024CA$2.2bCA$1.5bCA$22.7m21.2x96.8x1.5x
Tue, 06 Aug 2024CA$2.1bCA$1.5bCA$10.8m22.7x194.2x1.4x
Thu, 04 Jul 2024CA$2.1bCA$1.5bCA$11.9m22.4x174.7x1.4x
Sat, 01 Jun 2024CA$2.2bCA$1.5bCA$14.1m23.4x158.6x1.5x
Mon, 29 Apr 2024CA$2.1bCA$1.5bCA$7.2m22.8x290.7x1.4x
Wed, 27 Mar 2024CA$2.3bCA$1.5bCA$7.1m33.5x320.1x1.5x
Fri, 23 Feb 2024CA$2.1bCA$1.6bCA$49.9m21.1x42x1.3x
Sun, 21 Jan 2024CA$3.7bCA$2.5bCA$9.2m21.2x404.1x1.5x
Tue, 19 Dec 2023CA$3.7bCA$2.5bCA$5.8m23x647.1x1.5x
Thu, 16 Nov 2023CA$3.5bCA$2.5bCA$2.9m22x1224.7x1.4x
Sat, 14 Oct 2023CA$3.5bCA$2.5bCA$9.0m24x389.2x1.4x
Mon, 11 Sep 2023CA$3.5bCA$2.5b-CA$100,976,840.0024.3x-35.1x1.4x
Wed, 09 Aug 2023CA$3.7bCA$2.4b-CA$185,345,682.0018.8x-19.8x1.5x
Fri, 07 Jul 2023CA$3.6bCA$2.4b-CA$184,795,826.0017.3x-19.6x1.5x
Sun, 04 Jun 2023CA$3.6bCA$2.3b-CA$184,296,654.0016.2x-19.4x1.5x
Tue, 02 May 2023CA$3.6bCA$2.4b-CA$124,132,853.0023.1x-28.8x1.5x
Thu, 30 Mar 2023CA$3.5bCA$2.4b-CA$123,186,510.0022.2x-28.4x1.4x
Price to Earnings Ratio

-28.4x


Total Market Cap: CA$3.5bTotal Earnings: -CA$123,186,510.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 237.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Communications 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 160x which is lower than its 3-year average PE of 238x.
  • 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 Market-4.49%
Tech-1.21%
Communications-0.90%
Communications Equipment-0.90%
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$16.130.8%
+CA$9.8m		45.2%PE19.7x
ENA Enablence TechnologiesCA$2.6512.8%
+CA$6.3m		76.7%PS6.4x
IMI Ironman InternationalCA$0.1313.0%
+CA$2.6m		n/aPS3.8x
VCM Vecima NetworksCA$12.990.7%
+CA$2.2m		23.1%PS1.1x
CMI C-Com Satellite SystemsCA$1.001.0%
+CA$422.6k		-15.3%PS7.6x

Latest News

HAI
CA$7.67
Haivision Systems
7D
-6.3%
1Y
80.5%
ET
CA$16.13
Evertz Technologies
7D
0.8%
1Y
45.2%

ET: Higher CA$17 Range And Dividend Payouts Will Shape Balanced Outlook

Analysts have lifted the fair value estimate for Evertz Technologies to CA$17.25 from CA$14.88, aligning with recent Street target hikes toward CA$16 to CA$17.50 that are grounded in updated views on discount rates, profit margins, and future P/E assumptions. Analyst Commentary Recent Street research has clustered around higher fair value marks for Evertz Technologies, with price targets now ranging from CA$16 to CA$17.50.
QTRH
CA$1.03
Quarterhill
7D
-7.2%
1Y
-32.7%
IMI
CA$0.13
Ironman International
7D
13.0%
1Y
n/a
ENA
CA$2.65
Enablence Technologies
7D
12.8%
1Y
76.7%
CMI
CA$1.00
C-Com Satellite Systems
7D
1.0%
1Y
-15.3%
STC
CA$5.95
Sangoma Technologies
7D
-3.7%
1Y
-10.9%
TTZ
CA$0.32
Total Telcom
7D
-3.0%
1Y
73.0%
VCM
CA$12.99
Vecima Networks
7D
0.7%
1Y
23.1%

Vecima Networks Inc. (TSE:VCM) Analysts Are Pretty Bullish On The Stock After Recent Results

Feb 15
Vecima Networks Inc. (TSE:VCM) Analysts Are Pretty Bullish On The Stock After Recent Results
NVI
CA$0.13
Novra Technologies
7D
4.2%
1Y
56.3%
NUR
CA$5.25
Nuran Wireless
7D
-4.5%
1Y
-76.7%

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

Jan 14
Estimating The Intrinsic Value Of Nuran Wireless Inc. (CSE:NUR)
VTI
CA$0.005
Valdor Technology International
7D
-50.0%
1Y
-92.9%