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Canadian (TSX) Communications Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies10
  • 7D-1.4%
  • 3M2.8%
  • 1Y-13.4%
  • YTD-15.3%

Over the last 7 days, the Communications industry has dropped 1.5%, driven by a pullback from Evertz Technologies of 3.4%. The industry has fallen 14% in the last year. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025CA$1.9bCA$1.5bCA$2.9m16.4x637.2x1.3x
Tue, 14 Oct 2025CA$2.0bCA$1.5bCA$5.2m16.6x379.4x1.3x
Thu, 11 Sep 2025CA$1.7bCA$1.5bCA$22.4m17.1x77.4x1.2x
Sat, 09 Aug 2025CA$1.8bCA$1.5bCA$28.8m16.7x62x1.2x
Mon, 07 Jul 2025CA$1.8bCA$1.5bCA$29.3m18.9x62.1x1.2x
Wed, 04 Jun 2025CA$1.8bCA$1.5bCA$33.1m36.8x53.6x1.2x
Fri, 02 May 2025CA$1.7bCA$1.5bCA$43.5m22.7x38.5x1.1x
Sun, 30 Mar 2025CA$1.6bCA$1.5bCA$44.0m22.5x36.4x1.1x
Tue, 25 Feb 2025CA$1.8bCA$1.5bCA$29.7m24.5x62x1.2x
Thu, 23 Jan 2025CA$2.1bCA$1.5bCA$38.8m18.1x55.2x1.4x
Sat, 21 Dec 2024CA$2.0bCA$1.5bCA$39.4m18.8x51.8x1.3x
Mon, 18 Nov 2024CA$2.1bCA$1.5bCA$46.5m21.5x44.8x1.4x
Wed, 16 Oct 2024CA$2.1bCA$1.5bCA$50.3m22.8x42.1x1.4x
Fri, 13 Sep 2024CA$2.3bCA$1.5bCA$18.0m22.3x126.3x1.5x
Sun, 11 Aug 2024CA$2.1bCA$1.5bCA$11.3m22.1x186.5x1.4x
Tue, 09 Jul 2024CA$2.1bCA$1.5bCA$11.8m23x178.9x1.4x
Thu, 06 Jun 2024CA$2.3bCA$1.5bCA$13.7m21.9x166x1.5x
Sat, 04 May 2024CA$2.1bCA$1.5bCA$7.2m22.8x297.6x1.4x
Mon, 01 Apr 2024CA$2.3bCA$1.5bCA$7.2m32.5x312.9x1.5x
Wed, 28 Feb 2024CA$2.2bCA$1.6bCA$49.7m22.3x43.4x1.4x
Fri, 26 Jan 2024CA$3.7bCA$2.5bCA$9.2m21.8x404.4x1.5x
Sun, 24 Dec 2023CA$3.7bCA$2.5bCA$6.2m23.3x600.3x1.5x
Tue, 21 Nov 2023CA$3.5bCA$2.5bCA$2.7m21.6x1314x1.4x
Thu, 19 Oct 2023CA$3.5bCA$2.5bCA$8.8m23.6x399.5x1.4x
Sat, 16 Sep 2023CA$3.5bCA$2.5b-CA$94,507,114.0024.3x-37.4x1.4x
Mon, 14 Aug 2023CA$3.6bCA$2.5b-CA$108,908,795.0020.3x-33.2x1.4x
Wed, 12 Jul 2023CA$3.6bCA$2.4b-CA$183,420,529.0019.3x-19.8x1.5x
Fri, 09 Jun 2023CA$3.5bCA$2.3b-CA$183,532,186.0017.1x-19.3x1.5x
Sun, 07 May 2023CA$3.6bCA$2.4b-CA$122,330,475.0022.8x-29.2x1.5x
Tue, 04 Apr 2023CA$3.6bCA$2.4b-CA$121,554,439.0023.3x-29.4x1.5x
Thu, 02 Mar 2023CA$3.6bCA$2.4b-CA$102,737,347.0016.7x-35.4x1.5x
Sat, 28 Jan 2023CA$3.6bCA$2.4b-CA$105,992,736.0016.7x-33.9x1.5x
Mon, 26 Dec 2022CA$3.4bCA$2.4b-CA$108,470,916.0013.3x-31.7x1.4x
Wed, 23 Nov 2022CA$3.3bCA$2.4b-CA$108,234,759.0013.2x-30.9x1.4x
Price to Earnings Ratio

-30.9x


Total Market Cap: CA$3.3bTotal Earnings: -CA$108,234,759.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 141.3x202320242025
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 637x which is higher than its 3-year average PE of 141x.
  • 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 Market1.62%
Tech-3.33%
Communications-1.40%
Communications Equipment-1.40%
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
STC Sangoma TechnologiesCA$7.213.7%
+CA$8.7m		-18.6%PS0.8x
CTTT Critical Infrastructure TechnologiesCA$0.955.6%
+CA$5.4m		143.6%PB256.6x

Latest News

STC
CA$7.21
Sangoma Technologies
7D
3.7%
1Y
-18.6%
QTRH
CA$0.95
Quarterhill
7D
-3.1%
1Y
-43.8%
ENA
CA$1.69
Enablence Technologies
7D
-15.5%
1Y
25.2%
CTTT
CA$0.95
Critical Infrastructure Technologies
7D
5.6%
1Y
143.6%

Does Critical Infrastructure Technologies (CSE:CTTT) Have A Healthy Balance Sheet?

Nov 01
Does Critical Infrastructure Technologies (CSE:CTTT) Have A Healthy Balance Sheet?
CMI
CA$0.86
C-Com Satellite Systems
7D
-4.4%
1Y
-33.3%
DCSI
CA$1.31
Direct Communication Solutions
7D
-34.5%
1Y
-51.5%
ET
CA$12.30
Evertz Technologies
7D
-3.4%
1Y
1.7%

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$4.91
Haivision Systems
7D
-1.0%
1Y
-1.6%

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.
NVI
CA$0.07
Novra Technologies
7D
-6.7%
1Y
n/a
VTI
CA$0.015
Valdor Technology International
7D
-25.0%
1Y
n/a