Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Canadian (TSX) Communications Industry Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies10
  • 7D0.8%
  • 3M-1.3%
  • 1Y-16.7%
  • YTD-17.3%

Over the last 7 days, the Communications industry has remained flat, although notably Critical Infrastructure Technologies gained 88%. As for the longer term, the industry has declined 17% in the last year. Looking forward, earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 27 Nov 2022CA$3.4bCA$2.4b-CA$108,283,600.0014.1x-31.7x1.4x
Tue, 25 Oct 2022CA$3.4bCA$2.2b-CA$151,544,161.0011.9x-22.2x1.5x
Thu, 22 Sep 2022CA$3.7bCA$2.2b-CA$16,786,516.0014.5x-218.8x1.7x
Price to Earnings Ratio

-218.8x


Total Market Cap: CA$3.7bTotal Earnings: -CA$16,786,516.00Total Revenue: CA$2.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 118.6x202320242025
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 72.3x which is lower than its 3-year average PE of 119x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.2x.
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 12% 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 Market1.06%
Tech-2.57%
Communications0.82%
Communications Equipment0.82%
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
CTTT Critical Infrastructure TechnologiesCA$0.2388.0%
+CA$11.4m		n/an/a
HAI Haivision SystemsCA$5.107.4%
+CA$9.2m		-10.2%PS1.1x
VCM Vecima NetworksCA$9.701.6%
+CA$3.6m		-56.3%PE63.8x
STC Sangoma TechnologiesCA$7.811.0%
+CA$2.7m		-2.3%PS0.8x
CMI C-Com Satellite SystemsCA$0.985.4%
+CA$2.1m		-21.0%PS8.3x

Latest News

ET
CA$12.09
Evertz Technologies
7D
0.08%
1Y
2.0%

Evertz Technologies (TSE:ET) Has Announced A Dividend Of CA$0.20

Sep 15
Evertz Technologies (TSE:ET) Has Announced A Dividend Of CA$0.20
HAI
CA$5.10
Haivision Systems
7D
7.4%
1Y
-10.2%

Transition To Manufacturing And Defense Tech Investments Will Drive Future Opportunities

Haivision Systems' consensus analyst price target was notably raised, driven by a near doubling of its future P/E multiple despite a substantial decline in net profit margin, resulting in a new fair value of CA$6.09. Valuation Changes Summary of Valuation Changes for Haivision Systems The Consensus Analyst Price Target has significantly risen from CA$4.96 to CA$6.09.
VCM
CA$9.70
Vecima Networks
7D
1.6%
1Y
-56.3%
STC
CA$7.81
Sangoma Technologies
7D
1.0%
1Y
-2.3%
CTTT
CA$0.23
Critical Infrastructure Technologies
7D
88.0%
1Y
n/a
DCSI
CA$3.10
Direct Communication Solutions
7D
16.5%
1Y
-1.6%
YFI
CA$0.065
Edgewater Wireless Systems
7D
-7.1%
1Y
85.7%
NVI
CA$0.085
Novra Technologies
7D
-5.6%
1Y
-29.2%
NUR
CA$0.03
Nuran Wireless
7D
-14.3%
1Y
-72.7%
VTI
CA$0.035
Valdor Technology International
7D
-12.5%
1Y
n/a
YTY
CA$0.02
Wi2Wi
7D
-11.1%
1Y
-20.0%
CMI
CA$0.98
C-Com Satellite Systems
7D
5.4%
1Y
-21.0%
ENA
CA$1.22
Enablence Technologies
7D
8.0%
1Y
-15.9%