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Canadian (TSX) Communications Industry Analysis

UpdatedAug 23, 2025
DataAggregated Company Financials
Companies9
  • 7D-0.1%
  • 3M0.6%
  • 1Y-18.3%
  • YTD-17.0%

The Communications is pretty flat in the last 7 days, but C-Com Satellite Systems has stood out, gaining 6.7%. As for the longer term, the industry has declined 18% in the last year. Looking forward, earnings are forecast to grow by 49% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Aug 2025CA$1.7bCA$1.5bCA$22.8m16.7x76.1x1.2x
Mon, 21 Jul 2025CA$1.8bCA$1.5bCA$28.9m17.1x62x1.2x
Wed, 18 Jun 2025CA$1.8bCA$1.5bCA$30.0m18x59.4x1.2x
Fri, 16 May 2025CA$1.8bCA$1.5bCA$32.7m33.7x55.5x1.2x
Sun, 13 Apr 2025CA$1.6bCA$1.5bCA$44.8m21.8x35.3x1x
Tue, 11 Mar 2025CA$1.7bCA$1.5bCA$31.3m23.8x55.1x1.1x
Thu, 06 Feb 2025CA$2.0bCA$1.5bCA$39.1m16.6x51.8x1.3x
Sat, 04 Jan 2025CA$2.1bCA$1.5bCA$39.1m19.6x54.1x1.4x
Mon, 02 Dec 2024CA$2.1bCA$1.5bCA$46.8m21.2x44.2x1.4x
Wed, 30 Oct 2024CA$2.1bCA$1.5bCA$49.5m25x42.1x1.4x
Fri, 27 Sep 2024CA$2.1bCA$1.5bCA$51.3m23.8x40.1x1.4x
Sun, 25 Aug 2024CA$2.2bCA$1.5bCA$23.0m22.1x94.9x1.5x
Tue, 23 Jul 2024CA$2.1bCA$1.5bCA$11.2m22.1x192.3x1.4x
Thu, 20 Jun 2024CA$2.3bCA$1.5bCA$16.0m21.3x146x1.6x
Sat, 18 May 2024CA$2.3bCA$1.5bCA$12.6m22.6x180.4x1.5x
Mon, 15 Apr 2024CA$2.3bCA$1.5bCA$6.5m31.8x345.8x1.5x
Wed, 13 Mar 2024CA$2.2bCA$1.6bCA$49.8m21.1x43.6x1.4x
Fri, 09 Feb 2024CA$2.1bCA$1.6bCA$55.2m20.1x37.6x1.3x
Sun, 07 Jan 2024CA$3.7bCA$2.5bCA$5.9m22.2x624.7x1.4x
Tue, 05 Dec 2023CA$3.6bCA$2.5bCA$3.1m21.6x1168x1.4x
Thu, 02 Nov 2023CA$3.5bCA$2.6bCA$8.0m18.6x440.7x1.4x
Sat, 30 Sep 2023CA$3.6bCA$2.5bCA$9.1m23.6x388.8x1.4x
Mon, 28 Aug 2023CA$3.5bCA$2.5b-CA$110,558,051.0024x-32x1.4x
Wed, 26 Jul 2023CA$3.7bCA$2.4b-CA$182,782,932.0018.5x-20x1.5x
Fri, 23 Jun 2023CA$3.5bCA$2.4b-CA$182,520,183.0017.2x-19.1x1.5x
Sun, 21 May 2023CA$3.6bCA$2.3b-CA$185,287,719.0017.4x-19.4x1.5x
Tue, 18 Apr 2023CA$3.6bCA$2.4b-CA$121,223,664.0022.6x-29.6x1.5x
Thu, 16 Mar 2023CA$3.5bCA$2.4b-CA$113,582,125.0016.1x-31.1x1.5x
Sat, 11 Feb 2023CA$3.7bCA$2.4b-CA$99,717,862.0015.8x-37.1x1.5x
Mon, 09 Jan 2023CA$3.6bCA$2.4b-CA$106,427,355.0013.9x-33.6x1.5x
Wed, 07 Dec 2022CA$3.5bCA$2.4b-CA$111,901,800.0013.8x-31.7x1.5x
Fri, 04 Nov 2022CA$3.4bCA$2.2b-CA$150,366,167.0013x-22.9x1.6x
Sun, 02 Oct 2022CA$3.6bCA$2.2b-CA$151,821,340.0013.2x-23.4x1.6x
Tue, 30 Aug 2022CA$3.8bCA$2.1b-CA$5,539,758.0039x-692.4x1.8x
Price to Earnings Ratio

-692.4x


Total Market Cap: CA$3.8bTotal Earnings: -CA$5,539,758.00Total Revenue: CA$2.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 103.7x202320242025
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 76.8x which is lower than its 3-year average PE of 103x.
  • 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 11% 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 Market1.65%
Tech2.24%
Communications-0.12%
Communications Equipment-0.12%
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
ET Evertz TechnologiesCA$12.150.9%
+CA$8.3m		-7.1%PE15.4x
CTTT Critical Infrastructure TechnologiesCA$0.0542.9%
+CA$1.3m		n/an/a
VCM Vecima NetworksCA$10.440.4%
+CA$972.5k		-49.8%PE68.6x
NVI Novra TechnologiesCA$0.1122.2%
+CA$668.4k		214.3%PS0.8x
NUR Nuran WirelessCA$0.0511.1%
+CA$371.0k		-58.3%PS0.6x

Latest News

HAI
CA$4.62
Haivision Systems
7D
-0.6%
1Y
-9.4%
QTRH
CA$1.13
Quarterhill
7D
-3.4%
1Y
-31.5%

Resolving Tolling Challenges And Advancing European Software Will Transform Operations

Despite higher consensus revenue growth forecasts for Quarterhill, a rising future P/E ratio appears to have outweighed this improvement, leading to a reduction in the consensus analyst price target from CA$1.98 to CA$1.84. What's in the News Quarterhill secured new international contracts in Djibouti, Thailand, and South Korea, marking its first deployment in Djibouti with a World Bank-funded overweight enforcement system and additional follow-on orders in established Asian markets.
CTTT
CA$0.05
Critical Infrastructure Technologies
7D
42.9%
1Y
n/a
VCM
CA$10.44
Vecima Networks
7D
0.4%
1Y
-49.8%
NUR
CA$0.05
Nuran Wireless
7D
11.1%
1Y
-58.3%
ET
CA$12.15
Evertz Technologies
7D
0.9%
1Y
-7.1%
DCSI
CA$2.90
Direct Communication Solutions
7D
-5.2%
1Y
-6.1%
NVI
CA$0.11
Novra Technologies
7D
22.2%
1Y
214.3%
TTZ
CA$0.18
Total Telcom
7D
2.8%
1Y
-37.3%
STC
CA$7.88
Sangoma Technologies
7D
-2.6%
1Y
5.5%