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Canadian (TSX) Communications Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies9
  • 7D-0.5%
  • 3M12.4%
  • 1Y35.1%
  • YTD12.0%

Over the last 7 days, the Communications industry has remained flat, although notably Quarterhill gained 13%. As for the the longer term, the industry is up 35% over the past 12 months. As for the next few years, earnings are expected to grow by 34% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026CA$2.1bCA$1.5b-CA$34,887,991.5619.5x-60.6x1.4x
Tue, 24 Feb 2026CA$2.2bCA$1.5bCA$13.4m26.1x165.6x1.5x
Thu, 22 Jan 2026CA$1.9bCA$1.5bCA$5.2m17x376.8x1.3x
Sat, 20 Dec 2025CA$1.9bCA$1.5bCA$3.9m17.1x480.8x1.3x
Mon, 17 Nov 2025CA$1.8bCA$1.5bCA$1.0m16.2x1804.1x1.2x
Wed, 15 Oct 2025CA$2.0bCA$1.5bCA$5.1m16.9x387.6x1.3x
Fri, 12 Sep 2025CA$1.8bCA$1.5bCA$24.4m17.6x71.7x1.2x
Sun, 10 Aug 2025CA$1.8bCA$1.5bCA$28.8m16.7x61.4x1.2x
Tue, 08 Jul 2025CA$1.8bCA$1.5bCA$29.2m19.4x62.4x1.2x
Thu, 05 Jun 2025CA$1.8bCA$1.5bCA$33.2m36.5x53.4x1.2x
Sat, 03 May 2025CA$1.7bCA$1.5bCA$43.6m23.1x38.7x1.1x
Mon, 31 Mar 2025CA$1.6bCA$1.5bCA$44.0m22.5x36.4x1.1x
Wed, 26 Feb 2025CA$1.8bCA$1.5bCA$29.6m24.9x61.8x1.2x
Fri, 24 Jan 2025CA$2.1bCA$1.5bCA$38.9m17.8x55.2x1.4x
Sun, 22 Dec 2024CA$2.1bCA$1.5bCA$39.4m18.8x52.8x1.3x
Tue, 19 Nov 2024CA$2.1bCA$1.5bCA$46.5m21.1x44.8x1.4x
Thu, 17 Oct 2024CA$2.1bCA$1.5bCA$50.3m22.9x42.3x1.4x
Sat, 14 Sep 2024CA$2.1bCA$1.5bCA$18.0m22.7x117.9x1.4x
Mon, 12 Aug 2024CA$2.1bCA$1.5bCA$11.3m22.1x186.5x1.4x
Wed, 10 Jul 2024CA$2.1bCA$1.5bCA$11.8m21.9x180.6x1.4x
Fri, 07 Jun 2024CA$2.3bCA$1.5bCA$13.8m22.3x165.2x1.5x
Sun, 05 May 2024CA$2.1bCA$1.5bCA$7.2m22.8x294.8x1.4x
Tue, 02 Apr 2024CA$2.3bCA$1.5bCA$7.2m33.8x316.9x1.5x
Thu, 29 Feb 2024CA$2.2bCA$1.6bCA$49.6m19.8x43.8x1.4x
Sat, 27 Jan 2024CA$3.7bCA$2.5bCA$9.3m21.4x399x1.5x
Mon, 25 Dec 2023CA$3.7bCA$2.5bCA$6.2m23.3x600.3x1.5x
Wed, 22 Nov 2023CA$3.5bCA$2.5bCA$2.6m21.8x1329.6x1.4x
Fri, 20 Oct 2023CA$3.5bCA$2.5bCA$8.4m19.6x418.7x1.4x
Sun, 17 Sep 2023CA$3.6bCA$2.5b-CA$94,601,360.0024.7x-37.6x1.4x
Tue, 15 Aug 2023CA$3.6bCA$2.5b-CA$109,084,595.0020.3x-33.2x1.4x
Thu, 13 Jul 2023CA$3.6bCA$2.4b-CA$182,874,905.0019.7x-19.9x1.5x
Sat, 10 Jun 2023CA$3.6bCA$2.3b-CA$183,466,458.0017.1x-19.4x1.5x
Mon, 08 May 2023CA$3.6bCA$2.4b-CA$122,330,475.0022.8x-29.2x1.5x
Wed, 05 Apr 2023CA$3.6bCA$2.4b-CA$121,869,303.0023.1x-29.3x1.5x
Price to Earnings Ratio

-29.3x


Total Market Cap: CA$3.6bTotal Earnings: -CA$121,869,303.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 237.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Communications industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 15% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

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

CA Market2.21%
Tech-1.92%
Communications-0.52%
Communications Equipment-0.52%
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
QTRH QuarterhillCA$1.1612.6%
+CA$15.5m		-21.1%PS0.6x
ENA Enablence TechnologiesCA$3.0013.2%
+CA$7.3m		100.0%PS7.2x
VCM Vecima NetworksCA$13.161.3%
+CA$4.1m		34.3%PS1.2x
YTY Wi2WiCA$0.035133.3%
+CA$4.0m		-22.2%PS0.8x
VTI Valdor Technology InternationalCA$0.01100.0%
+CA$727.7k		-85.7%PS1.9x

Latest News

CMI
CA$0.99
C-Com Satellite Systems
7D
-1.0%
1Y
-13.9%
VTI
CA$0.01
Valdor Technology International
7D
100.0%
1Y
-85.7%
QTRH
CA$1.16
Quarterhill
7D
12.6%
1Y
-21.1%

Quarterhill Inc. (TSE:QTRH) Just Reported And Analysts Have Been Lifting Their Price Targets

Mar 26
Quarterhill Inc. (TSE:QTRH) Just Reported And Analysts Have Been Lifting Their Price Targets
HAI
CA$7.47
Haivision Systems
7D
-2.6%
1Y
77.0%
ET
CA$16.00
Evertz Technologies
7D
-0.8%
1Y
53.3%

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.
IMI
CA$0.12
Ironman International
7D
-7.7%
1Y
n/a
ENA
CA$3.00
Enablence Technologies
7D
13.2%
1Y
100.0%
STC
CA$5.50
Sangoma Technologies
7D
-7.6%
1Y
-11.3%
TTZ
CA$0.31
Total Telcom
7D
-3.1%
1Y
63.2%
CTTT
CA$0.41
Critical Infrastructure Technologies
7D
-4.7%
1Y
215.4%
VCM
CA$13.16
Vecima Networks
7D
1.3%
1Y
34.3%

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$0.14
Novra Technologies
7D
12.0%
1Y
75.0%
NUR
CA$4.10
Nuran Wireless
7D
-21.9%
1Y
-82.9%

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

Jan 14
Estimating The Intrinsic Value Of Nuran Wireless Inc. (CSE:NUR)
DCSI
CA$1.25
Direct Communication Solutions
7D
8.7%
1Y
-54.5%
YTY
CA$0.035
Wi2Wi
7D
133.3%
1Y
-22.2%