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

Canadian (TSX) Communications Industry Analysis

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies9
  • 7D0.8%
  • 3M6.8%
  • 1Y-14.8%
  • YTD-11.4%

Over the last 7 days, the Communications industry has remained flat, although notably Critical Infrastructure Technologies gained 52%. Unfortunately though, the industry is down 15% over the past 12 months. Looking forward, earnings are forecast to grow by 24% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Dec 2025CA$1.9bCA$1.4bCA$1.2m15.9x1552.5x1.3x
Sat, 08 Nov 2025CA$1.8bCA$1.5bCA$3.5m16.5x514.8x1.2x
Mon, 06 Oct 2025CA$1.8bCA$1.5bCA$5.3m15.8x342.9x1.2x
Wed, 03 Sep 2025CA$1.8bCA$1.5bCA$22.6m18x77.5x1.2x
Fri, 01 Aug 2025CA$1.8bCA$1.5bCA$28.6m17.1x62.2x1.2x
Sun, 29 Jun 2025CA$1.8bCA$1.5bCA$29.1m19.4x61x1.2x
Tue, 27 May 2025CA$1.7bCA$1.5bCA$33.1m33.3x52.7x1.2x
Thu, 24 Apr 2025CA$1.6bCA$1.5bCA$43.4m21.1x36.1x1x
Sat, 22 Mar 2025CA$1.7bCA$1.5bCA$46.1m25.1x37.2x1.1x
Mon, 17 Feb 2025CA$1.9bCA$1.5bCA$30.0m25.1x63.3x1.2x
Wed, 15 Jan 2025CA$2.1bCA$1.5bCA$39.4m18.2x52.3x1.3x
Fri, 13 Dec 2024CA$2.1bCA$1.5bCA$39.8m20.9x53.6x1.4x
Sun, 10 Nov 2024CA$2.1bCA$1.5bCA$50.2m23.3x42.1x1.4x
Tue, 08 Oct 2024CA$2.1bCA$1.5bCA$50.8m23.8x40.7x1.4x
Thu, 05 Sep 2024CA$2.2bCA$1.5bCA$23.0m23x96.7x1.5x
Sat, 03 Aug 2024CA$2.2bCA$1.5bCA$10.5m22.7x204.7x1.4x
Mon, 01 Jul 2024CA$2.1bCA$1.5bCA$11.5m23x181.4x1.4x
Wed, 29 May 2024CA$2.3bCA$1.5bCA$14.0m23x161.4x1.5x
Fri, 26 Apr 2024CA$2.1bCA$1.5bCA$7.2m22.8x289.3x1.4x
Sun, 24 Mar 2024CA$2.3bCA$1.5bCA$5.3m26.2x426.2x1.5x
Tue, 20 Feb 2024CA$2.1bCA$1.6bCA$49.8m21.2x43.1x1.3x
Thu, 18 Jan 2024CA$3.7bCA$2.5bCA$5.4m22x686.2x1.5x
Sat, 16 Dec 2023CA$3.7bCA$2.5bCA$5.8m22.8x638.9x1.5x
Mon, 13 Nov 2023CA$3.5bCA$2.5bCA$7.2m17x478.2x1.4x
Wed, 11 Oct 2023CA$3.5bCA$2.5bCA$9.1m23.2x385.1x1.4x
Fri, 08 Sep 2023CA$3.5bCA$2.5b-CA$101,421,403.0023.5x-35x1.4x
Sun, 06 Aug 2023CA$3.7bCA$2.4b-CA$185,023,913.0019.2x-19.7x1.5x
Tue, 04 Jul 2023CA$3.7bCA$2.4b-CA$183,544,246.0017.1x-20x1.6x
Thu, 01 Jun 2023CA$3.6bCA$2.4b-CA$185,775,998.0016.3x-19.2x1.5x
Sat, 29 Apr 2023CA$3.6bCA$2.4b-CA$124,128,375.0023.1x-29x1.5x
Mon, 27 Mar 2023CA$3.5bCA$2.4b-CA$125,055,908.0022.1x-28.1x1.4x
Wed, 22 Feb 2023CA$3.7bCA$2.4b-CA$102,171,819.0016.7x-36x1.5x
Fri, 20 Jan 2023CA$3.6bCA$2.4b-CA$106,464,621.0014.4x-33.5x1.5x
Sun, 18 Dec 2022CA$3.5bCA$2.4b-CA$109,879,074.0013.1x-31.7x1.4x
Price to Earnings Ratio

-31.7x


Total Market Cap: CA$3.5bTotal Earnings: -CA$109,879,074.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 202.6x202320242025
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 2kx which is higher than its 3-year average PE of 203x.
  • 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 Market0.90%
Tech3.57%
Communications0.81%
Communications Equipment0.81%
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$0.8551.8%
+CA$31.6m		n/aPB95.7x
HAI Haivision SystemsCA$5.385.9%
+CA$8.2m		-1.5%PS1.2x
QTRH QuarterhillCA$0.986.5%
+CA$7.1m		-44.3%PS0.5x
DCSI Direct Communication SolutionsCA$2.3527.0%
+CA$1.2m		-63.8%PS0.5x
IMI Ironman InternationalCA$0.124.5%
+CA$863.4k		n/aPS3.3x

Latest News

DCSI
CA$2.35
Direct Communication Solutions
7D
27.0%
1Y
-63.8%
ET
CA$13.17
Evertz Technologies
7D
-2.1%
1Y
4.5%
CTTT
CA$0.85
Critical Infrastructure Technologies
7D
51.8%
1Y
n/a
TTZ
CA$0.21
Total Telcom
7D
2.4%
1Y
-2.3%

Calculating The Fair Value Of Total Telcom Inc. (CVE:TTZ)

Dec 05
Calculating The Fair Value Of Total Telcom Inc. (CVE:TTZ)
NVI
CA$0.07
Novra Technologies
7D
16.7%
1Y
n/a
VTI
CA$0.01
Valdor Technology International
7D
-33.3%
1Y
n/a
NUR
CA$3.00
Nuran Wireless
7D
-60.0%
1Y
-87.5%
VCM
CA$9.81
Vecima Networks
7D
-1.4%
1Y
-42.0%

Vecima Networks (TSE:VCM) Has Affirmed Its Dividend Of CA$0.055

Nov 18
Vecima Networks (TSE:VCM) Has Affirmed Its Dividend Of CA$0.055
QTRH
CA$0.98
Quarterhill
7D
6.5%
1Y
-44.3%
ENA
CA$1.40
Enablence Technologies
7D
-6.7%
1Y
7.7%
YFI
CA$0.04
Edgewater Wireless Systems
7D
-11.1%
1Y
-27.3%
CMI
CA$0.83
C-Com Satellite Systems
7D
-3.5%
1Y
-30.3%
IMI
CA$0.12
Ironman International
7D
4.5%
1Y
n/a
HAI
CA$5.38
Haivision Systems
7D
5.9%
1Y
-1.5%

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.