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Canadian (TSX) Communications Equipment Industry Analysis

UpdatedJul 16, 2026
DataAggregated Company Financials
Companies12
  • 7D0.3%
  • 3M4.1%
  • 1Y15.2%
  • YTDn/a

Last week, the Communications Equipment industry hasn't moved much but Quarterhill is up 11% in that time. As for the the longer term, the industry is up 15% over the past 12 months. As for the next few years, earnings are expected to grow by 31% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Jul 2026CA$2.4bCA$1.5b-CA$53,151,056.0922.7x-45.3x1.6x
Sat, 13 Jun 2026CA$2.2bCA$1.5b-CA$54,930,687.6521.9x-40.5x1.5x
Mon, 11 May 2026CA$2.2bCA$1.5b-CA$31,237,614.5820.3x-69.8x1.5x
Wed, 08 Apr 2026CA$2.1bCA$1.5b-CA$34,970,448.9019.7x-61.2x1.5x
Fri, 06 Mar 2026CA$2.2bCA$1.5bCA$12.5m21.3x174x1.5x
Sun, 01 Feb 2026CA$2.0bCA$1.5bCA$5.8m21.4x349.8x1.4x
Tue, 30 Dec 2025CA$1.9bCA$1.5bCA$4.2m17.8x452.5x1.3x
Thu, 27 Nov 2025CA$1.8bCA$1.5bCA$571.3k17.4x3231.2x1.3x
Sat, 25 Oct 2025CA$1.9bCA$1.5bCA$5.3m18.5x360.5x1.3x
Mon, 22 Sep 2025CA$1.8bCA$1.5bCA$27.2m16.2x65.3x1.2x
Wed, 20 Aug 2025CA$1.8bCA$1.5bCA$22.7m17.1x77.2x1.2x
Fri, 18 Jul 2025CA$1.8bCA$1.5bCA$28.9m17.1x62.1x1.2x
Sun, 15 Jun 2025CA$1.8bCA$1.5bCA$30.1m18.5x58.6x1.2x
Tue, 13 May 2025CA$1.7bCA$1.5bCA$43.0m22.7x40.4x1.2x
Thu, 10 Apr 2025CA$1.5bCA$1.5bCA$44.3m21.1x33.2x1x
Sat, 08 Mar 2025CA$1.7bCA$1.5bCA$31.5m24.5x54.5x1.1x
Mon, 03 Feb 2025CA$2.1bCA$1.5bCA$38.4m17.1x53.9x1.3x
Wed, 01 Jan 2025CA$2.1bCA$1.5bCA$39.3m19.6x53x1.4x
Fri, 29 Nov 2024CA$2.1bCA$1.5bCA$46.7m20.9x44.8x1.4x
Sun, 27 Oct 2024CA$2.1bCA$1.5bCA$49.5m24.7x41.9x1.4x
Tue, 24 Sep 2024CA$2.1bCA$1.5bCA$51.0m23x40.7x1.4x
Thu, 22 Aug 2024CA$2.2bCA$1.5bCA$22.4m22.1x96.6x1.4x
Sat, 20 Jul 2024CA$2.1bCA$1.5bCA$11.3m22.1x189.5x1.4x
Mon, 17 Jun 2024CA$2.3bCA$1.5bCA$15.9m21.3x147.3x1.6x
Wed, 15 May 2024CA$2.1bCA$1.5bCA$11.2m23x191.6x1.4x
Fri, 12 Apr 2024CA$2.3bCA$1.5bCA$6.8m31x331.3x1.5x
Sun, 10 Mar 2024CA$2.2bCA$1.6bCA$49.8m20.6x44.2x1.4x
Tue, 06 Feb 2024CA$2.1bCA$1.6bCA$54.9m20.6x37.5x1.3x
Thu, 04 Jan 2024CA$3.6bCA$2.5bCA$5.9m21.7x616.7x1.4x
Sat, 02 Dec 2023CA$3.5bCA$2.5bCA$3.2m21.4x1104.1x1.4x
Mon, 30 Oct 2023CA$3.5bCA$2.6bCA$7.9m17.2x439.6x1.4x
Wed, 27 Sep 2023CA$3.6bCA$2.5b-CA$92,884,013.0024.4x-38.4x1.4x
Fri, 25 Aug 2023CA$3.6bCA$2.5b-CA$110,317,265.0024.2x-32.2x1.4x
Sun, 23 Jul 2023CA$3.7bCA$2.4b-CA$183,250,637.0019.7x-20x1.6x
Price to Earnings Ratio

-20x


Total Market Cap: CA$3.7bTotal Earnings: -CA$183,250,637.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Equipment Industry Price to Earnings3Y Average 234.4x202420252026
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 1.6x.
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 Market1.33%
Tech-4.30%
Communications0.30%
Communications Equipment0.30%
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
QTRH QuarterhillCA$2.6511.3%
+CA$32.4m		96.3%PS1.4x
CMI C-Com Satellite SystemsCA$1.0011.1%
+CA$4.2m		7.5%PS7.3x
STC Sangoma TechnologiesCA$5.720.7%
+CA$1.3m		-29.6%PS0.6x
YTY Wi2WiCA$0.0414.3%
+CA$991.2k		33.3%PS0.8x
TTZ Total TelcomCA$0.531.9%
+CA$265.2k		165.0%PE24.9x

Latest News

QTRH
CA$2.65
Quarterhill
7D
11.3%
1Y
96.3%
Narrative Update • Jul 13

QTRH: Expanding Tolling And Transportation Contracts Will Drive Future Intelligent Systems Demand

Analysts have raised their price target for Quarterhill to CA$7.25, reflecting increased confidence in the company as a provider of AI-driven intelligent tolling and transportation systems within a CA$50b market that is expected to benefit from broader adoption of AI and cloud-based infrastructure. What’s in the News for Quarterhill Quarterhill entered a long-term partnership with the Illinois Department of Transportation to install and maintain traffic data collection sites across District 1.
HAI
CA$4.35
Haivision Systems
7D
-2.7%
1Y
-9.2%
Narrative Update • Jul 13

HAI: Higher Margin Outlook Will Support Future Upside Despite Lowered Expectations

Analysts have trimmed their price target on Haivision Systems to CA$8.25 from CA$12.25, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E. These updates align with recent Street research, including the CA$2.50 target cut reported by Canaccord.
ENA
CA$6.40
Enablence Technologies
7D
-4.6%
1Y
416.1%
VTI
CA$0.46
Valdor Technology International
7D
21.1%
1Y
-86.9%
NVI
CA$0.14
Novra Technologies
7D
-9.7%
1Y
40.0%
ET
CA$17.39
Evertz Technologies
7D
-0.5%
1Y
43.1%
STC
CA$5.72
Sangoma Technologies
7D
0.7%
1Y
-29.6%
Narrative Update • Jun 26

STC: Share Repurchase And Guidance Revision Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Sangoma Technologies to about CA$9.92 from roughly CA$11.36, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent valuation work on Sangoma Technologies reflects a mix of optimism about the company’s ability to execute and caution around the assumptions that feed into fair value, including discount rates, revenue growth, profit margins, and future P/E levels.
TTZ
CA$0.53
Total Telcom
7D
1.9%
1Y
165.0%
CTTT
CA$0.13
Critical Infrastructure Technologies
7D
-21.9%
1Y
150.0%
DCSI
CA$1.25
Direct Communication Solutions
7D
-16.7%
1Y
-59.7%
YTY
CA$0.04
Wi2Wi
7D
14.3%
1Y
33.3%
VCM
CA$12.40
Vecima Networks
7D
-2.1%
1Y
18.1%
NUR
CA$6.20
Nuran Wireless
7D
-9.5%
1Y
-70.5%
CMI
CA$1.00
C-Com Satellite Systems
7D
11.1%
1Y
7.5%