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Canadian (TSX) Communications Industry Analysis

UpdatedDec 23, 2025
DataAggregated Company Financials
Companies9
  • 7D-5.3%
  • 3M5.9%
  • 1Y-12.6%
  • YTD-11.7%

Over the last 7 days, the Communications industry has dropped 5.3%, driven by a pullback from Evertz Technologies of 8.1%. Meanwhile, Wi2Wi actually outperformed within the industry, gaining 33% in the last week. Overall the industry is down 13% in 12 months. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Dec 2025CA$1.9bCA$1.5bCA$4.0m17.1x463.4x1.3x
Thu, 20 Nov 2025CA$1.8bCA$1.5bCA$530.4k16.5x3417.3x1.2x
Sat, 18 Oct 2025CA$1.9bCA$1.5bCA$5.2m17.8x357.3x1.3x
Mon, 15 Sep 2025CA$1.8bCA$1.5bCA$24.4m17.1x72.3x1.2x
Wed, 13 Aug 2025CA$1.8bCA$1.5bCA$28.8m16.7x60.9x1.2x
Fri, 11 Jul 2025CA$1.8bCA$1.5bCA$29.2m19.4x62.1x1.2x
Sun, 08 Jun 2025CA$1.8bCA$1.5bCA$33.2m35.7x53.4x1.2x
Tue, 06 May 2025CA$1.7bCA$1.5bCA$43.6m23.8x39.1x1.1x
Thu, 03 Apr 2025CA$1.6bCA$1.5bCA$43.9m22.8x36.8x1.1x
Sat, 01 Mar 2025CA$1.8bCA$1.5bCA$29.1m25.5x62.3x1.2x
Mon, 27 Jan 2025CA$2.2bCA$1.5bCA$39.0m17.7x55.5x1.4x
Wed, 25 Dec 2024CA$2.1bCA$1.5bCA$39.3m18.8x53.1x1.4x
Fri, 22 Nov 2024CA$2.1bCA$1.5bCA$46.9m21.5x44.1x1.4x
Sun, 20 Oct 2024CA$2.1bCA$1.5bCA$49.8m25.2x42.1x1.4x
Tue, 17 Sep 2024CA$2.1bCA$1.5bCA$18.0m22.8x115.1x1.4x
Thu, 15 Aug 2024CA$2.1bCA$1.5bCA$21.8m22.1x96.6x1.4x
Sat, 13 Jul 2024CA$2.1bCA$1.5bCA$11.8m22.4x180.7x1.4x
Mon, 10 Jun 2024CA$2.3bCA$1.5bCA$13.3m22.3x172.3x1.5x
Wed, 08 May 2024CA$2.1bCA$1.5bCA$7.0m22.8x300.5x1.4x
Fri, 05 Apr 2024CA$2.3bCA$1.5bCA$7.2m30.8x311.7x1.5x
Sun, 03 Mar 2024CA$2.2bCA$1.6bCA$49.6m19.5x43.4x1.3x
Tue, 30 Jan 2024CA$3.7bCA$2.5bCA$9.4m21.3x396.2x1.5x
Thu, 28 Dec 2023CA$3.7bCA$2.5bCA$6.4m23x580.7x1.5x
Sat, 25 Nov 2023CA$3.5bCA$2.5bCA$2.9m22.3x1211.7x1.4x
Mon, 23 Oct 2023CA$3.5bCA$2.5bCA$8.4m19.1x416.1x1.4x
Wed, 20 Sep 2023CA$3.5bCA$2.5b-CA$93,717,356.0024.3x-37.8x1.4x
Fri, 18 Aug 2023CA$3.6bCA$2.5b-CA$109,718,767.0021.3x-32.8x1.4x
Sun, 16 Jul 2023CA$3.6bCA$2.4b-CA$183,303,156.0019.8x-19.9x1.5x
Tue, 13 Jun 2023CA$3.5bCA$2.3b-CA$183,102,216.0016.6x-19.4x1.5x
Thu, 11 May 2023CA$3.6bCA$2.3b-CA$194,483,377.0018.5x-18.4x1.5x
Sat, 08 Apr 2023CA$3.6bCA$2.4b-CA$122,617,790.0023.2x-29x1.5x
Mon, 06 Mar 2023CA$3.6bCA$2.4b-CA$111,725,916.0016.8x-32.6x1.5x
Wed, 01 Feb 2023CA$3.6bCA$2.4b-CA$105,912,565.0016.3x-34.2x1.5x
Fri, 30 Dec 2022CA$3.4bCA$2.4b-CA$107,784,179.0013.2x-31.9x1.4x
Price to Earnings Ratio

-31.9x


Total Market Cap: CA$3.4bTotal Earnings: -CA$107,784,179.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 209.2x202320242025
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 463x which is higher than its 3-year average PE of 209x.
  • 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 Market1.21%
Tech0.48%
Communications-5.32%
Communications Equipment-5.32%
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
YTY Wi2WiCA$0.0233.3%
+CA$991.2k
-73.3%PS0.5x
CMI C-Com Satellite SystemsCA$0.841.2%
+CA$422.6k
-30.0%PS6.4x
TTZ Total TelcomCA$0.266.3%
+CA$396.3k
15.9%PE18.5x

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