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Canadian (TSX) Communications Equipment Industry Analysis

UpdatedJun 14, 2026
DataAggregated Company Financials
Companies12
  • 7D-2.9%
  • 3M-1.8%
  • 1Y7.1%
  • YTDn/a

Over the last 7 days, the Communications Equipment industry has dropped 2.8%, driven by a pullback from Enablence Technologies of 29%. In contrast, Total Telcom has gained 21%. This takes the industry's 12 month performance to a gain of 7.1%. As for the next few years, earnings are expected to grow by 38% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026CA$2.2bCA$1.5b-CA$54,930,687.6521.9x-40.7x1.5x
Tue, 12 May 2026CA$2.2bCA$1.5b-CA$31,214,116.8719.8x-69.9x1.5x
Thu, 09 Apr 2026CA$2.1bCA$1.5b-CA$34,620,160.2021.5x-61.9x1.5x
Sat, 07 Mar 2026CA$2.2bCA$1.5bCA$12.7m21.3x170.7x1.5x
Mon, 02 Feb 2026CA$2.0bCA$1.5bCA$5.8m21.4x349.8x1.4x
Wed, 31 Dec 2025CA$1.9bCA$1.5bCA$4.2m18x457.1x1.3x
Fri, 28 Nov 2025CA$1.9bCA$1.5bCA$603.4k17.3x3095x1.3x
Sun, 26 Oct 2025CA$1.9bCA$1.5bCA$5.3m18.5x360.9x1.3x
Tue, 23 Sep 2025CA$1.8bCA$1.5bCA$27.1m16.2x65.6x1.2x
Thu, 21 Aug 2025CA$1.7bCA$1.5bCA$22.7m17.1x76.4x1.2x
Sat, 19 Jul 2025CA$1.8bCA$1.5bCA$28.9m17.1x62.5x1.2x
Mon, 16 Jun 2025CA$1.8bCA$1.5bCA$30.1m18.5x58.6x1.2x
Wed, 14 May 2025CA$1.8bCA$1.5bCA$43.1m23.2x40.8x1.2x
Fri, 11 Apr 2025CA$1.6bCA$1.5bCA$44.6m21.4x35.5x1x
Sun, 09 Mar 2025CA$1.7bCA$1.5bCA$31.5m24.5x54.7x1.1x
Tue, 04 Feb 2025CA$2.1bCA$1.5bCA$38.3m16.7x54x1.3x
Thu, 02 Jan 2025CA$2.1bCA$1.5bCA$39.3m19.6x53.8x1.4x
Sat, 30 Nov 2024CA$2.1bCA$1.5bCA$46.8m21.2x44.4x1.4x
Mon, 28 Oct 2024CA$2.1bCA$1.5bCA$49.5m24.7x41.9x1.4x
Wed, 25 Sep 2024CA$2.1bCA$1.5bCA$51.4m21.5x40.2x1.4x
Fri, 23 Aug 2024CA$2.2bCA$1.5bCA$22.3m22.1x97.7x1.5x
Sun, 21 Jul 2024CA$2.1bCA$1.5bCA$11.3m22.1x190x1.4x
Tue, 18 Jun 2024CA$2.3bCA$1.5bCA$15.9m22.6x146.7x1.6x
Thu, 16 May 2024CA$2.2bCA$1.5bCA$11.3m22.8x196.4x1.5x
Sat, 13 Apr 2024CA$2.3bCA$1.5bCA$6.5m31.8x349.6x1.5x
Mon, 11 Mar 2024CA$2.2bCA$1.6bCA$49.8m20.6x44.2x1.4x
Wed, 07 Feb 2024CA$2.1bCA$1.6bCA$55.1m20.1x37.4x1.3x
Fri, 05 Jan 2024CA$3.7bCA$2.5bCA$5.9m21.9x618.9x1.4x
Sun, 03 Dec 2023CA$3.6bCA$2.5bCA$3.2m21.4x1118.8x1.4x
Tue, 31 Oct 2023CA$3.5bCA$2.6bCA$8.1m17.6x430.2x1.4x
Thu, 28 Sep 2023CA$3.6bCA$2.5b-CA$92,782,082.0024x-38.3x1.4x
Sat, 26 Aug 2023CA$3.5bCA$2.5b-CA$110,558,051.0024x-32x1.4x
Mon, 24 Jul 2023CA$3.7bCA$2.4b-CA$183,250,637.0019.7x-20x1.6x
Wed, 21 Jun 2023CA$3.5bCA$2.3b-CA$182,813,651.0017x-19.1x1.5x
Price to Earnings Ratio

-19.1x


Total Market Cap: CA$3.5bTotal Earnings: -CA$182,813,651.00Total Revenue: CA$2.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Equipment Industry Price to Earnings3Y Average 235.1x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Communications Equipment industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Communications Equipment industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 14% 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 Comparison

How does Canadian Communications Equipment compare with similar industries?

CA Market1.46%
Tech0.47%
Communications-2.88%
Communications Equipment-2.88%
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
TTZ Total TelcomCA$0.5121.4%
+CA$2.4m		148.8%PE23.9x
STC Sangoma TechnologiesCA$5.061.2%
+CA$2.0m		-36.3%PS0.6x
IMI Ironman InternationalCA$0.1010.5%
+CA$1.7m		n/aPE6.5x

Latest News

HAI
CA$4.64
Haivision Systems
7D
-21.0%
1Y
5.0%
QTRH
CA$1.82
Quarterhill
7D
-3.2%
1Y
30.0%
Narrative Update • Jun 07

QTRH: New Tolling And Weigh In Motion Deals Will Support Upside

Analysts have adjusted their CA$ fair value target for Quarterhill to reflect a lower forward P/E assumption. The updated estimate is now aligned at CA$2.43, based on largely unchanged discount rate, revenue growth, and profit margin inputs.
STC
CA$5.06
Sangoma Technologies
7D
1.2%
1Y
-36.3%
New Narrative • Jun 05

Infrastructure Headwinds And Slow Deployments Will Test AI Usage Potential Over Time

Catalysts About Sangoma Technologies Sangoma Technologies provides communications infrastructure and applications that support voice, data and AI-enabled services for business customers. What are the underlying business or industry changes driving this perspective?
ET
CA$16.30
Evertz Technologies
7D
-1.1%
1Y
35.4%
Narrative Update • Jun 02

ET: CA$17 Band And Dividends Will Shape Forward Risk Reward Balance

Narrative Update Analysts have lifted their CA$ price targets on Evertz Technologies into a CA$16 to CA$17.50 range, citing refreshed views on the stock's valuation that align closely with a fair value estimate of CA$17.25 and only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent Street research has converged around higher price targets for Evertz Technologies in a CA$16 to CA$17.50 band, with different ratings attached but a consistent reset in valuation expectations.
ENA
CA$8.98
Enablence Technologies
7D
-29.3%
1Y
755.2%
CTTT
CA$0.28
Critical Infrastructure Technologies
7D
-3.4%
1Y
330.8%
IMI
CA$0.10
Ironman International
7D
10.5%
1Y
n/a
NVI
CA$0.14
Novra Technologies
7D
-6.7%
1Y
75.0%
TTZ
CA$0.51
Total Telcom
7D
21.4%
1Y
148.8%
VCM
CA$13.14
Vecima Networks
7D
-4.1%
1Y
32.1%
CMI
CA$0.97
C-Com Satellite Systems
7D
-2.0%
1Y
-7.6%