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Canadian (TSX) Communications Equipment Industry Analysis

UpdatedMay 18, 2026
DataAggregated Company Financials
Companies11
  • 7D1.6%
  • 3M4.6%
  • 1Y24.1%
  • YTDn/a

The Communications Equipment industry is up 1.6% in the last week, with Quarterhill up 26%. During this same period, the Sangoma Technologies underperformed, falling 14%. In the last 12 months, the industry was up 24%. Earnings are forecast to grow by 42% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 May 2026CA$2.2bCA$1.5b-CA$30,066,979.7720x-73.4x1.5x
Wed, 15 Apr 2026CA$2.2bCA$1.5b-CA$33,763,080.2022.7x-64.3x1.5x
Fri, 13 Mar 2026CA$2.2bCA$1.5bCA$12.6m19.5x172.8x1.5x
Sun, 08 Feb 2026CA$2.0bCA$1.5bCA$5.5m26.1x365x1.4x
Tue, 06 Jan 2026CA$1.9bCA$1.5bCA$4.0m17.2x472.8x1.3x
Thu, 04 Dec 2025CA$1.9bCA$1.5bCA$1.1m16x1636.5x1.3x
Sat, 01 Nov 2025CA$1.9bCA$1.5bCA$4.4m18.5x421.4x1.3x
Mon, 29 Sep 2025CA$1.7bCA$1.5bCA$5.3m15.9x326.2x1.2x
Wed, 27 Aug 2025CA$1.7bCA$1.5bCA$22.8m17.1x76x1.2x
Fri, 25 Jul 2025CA$1.8bCA$1.5bCA$29.1m17.1x61x1.2x
Sun, 22 Jun 2025CA$1.8bCA$1.5bCA$29.8m18.9x59.9x1.2x
Tue, 20 May 2025CA$1.8bCA$1.5bCA$32.5m34.6x54.6x1.2x
Thu, 17 Apr 2025CA$1.6bCA$1.5bCA$43.5m21.8x36.4x1.1x
Sat, 15 Mar 2025CA$1.7bCA$1.5bCA$29.2m25.7x57.4x1.1x
Mon, 10 Feb 2025CA$1.9bCA$1.5bCA$41.1m15.2x45.6x1.2x
Wed, 08 Jan 2025CA$2.1bCA$1.5bCA$39.4m19x54x1.4x
Fri, 06 Dec 2024CA$2.1bCA$1.5bCA$46.8m21.2x44.8x1.4x
Sun, 03 Nov 2024CA$2.1bCA$1.5bCA$49.4m23.6x41.9x1.4x
Tue, 01 Oct 2024CA$2.1bCA$1.5bCA$51.1m23.2x40.3x1.4x
Thu, 29 Aug 2024CA$2.2bCA$1.5bCA$23.2m22.8x93.6x1.5x
Sat, 27 Jul 2024CA$2.2bCA$1.5bCA$10.7m21.5x202x1.4x
Mon, 24 Jun 2024CA$2.2bCA$1.5bCA$11.4m22.6x188.2x1.4x
Wed, 22 May 2024CA$2.3bCA$1.5bCA$12.5m22.1x181.6x1.5x
Fri, 19 Apr 2024CA$2.2bCA$1.5bCA$6.9m23.5x316.9x1.5x
Sun, 17 Mar 2024CA$2.3bCA$1.5bCA$5.5m25.5x411.9x1.5x
Tue, 13 Feb 2024CA$2.1bCA$1.6bCA$54.5m19.8x38.9x1.3x
Thu, 11 Jan 2024CA$3.7bCA$2.5bCA$5.8m22.4x638.6x1.5x
Sat, 09 Dec 2023CA$3.6bCA$2.6bCA$5.2m22.2x696.9x1.4x
Mon, 06 Nov 2023CA$3.5bCA$2.5bCA$8.5m18.7x414x1.4x
Wed, 04 Oct 2023CA$3.6bCA$2.5bCA$8.9m22.7x401x1.4x
Fri, 01 Sep 2023CA$3.6bCA$2.5b-CA$109,616,965.0024.2x-32.8x1.4x
Sun, 30 Jul 2023CA$3.7bCA$2.4b-CA$183,442,028.0018.7x-20.1x1.6x
Tue, 27 Jun 2023CA$3.6bCA$2.4b-CA$182,538,649.0017.5x-19.6x1.5x
Thu, 25 May 2023CA$3.6bCA$2.4b-CA$186,255,453.0017.8x-19.1x1.5x
Price to Earnings Ratio

-19.1x


Total Market Cap: CA$3.6bTotal Earnings: -CA$186,255,453.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Equipment Industry Price to Earnings3Y Average 236.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Communications Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
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 Market-0.52%
Tech0.60%
Communications1.63%
Communications Equipment1.63%
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$1.8025.9%
+CA$44.4m		17.6%PS1x
ENA Enablence TechnologiesCA$5.8023.4%
+CA$23.2m		n/aPS14x
ET Evertz TechnologiesCA$16.520.5%
+CA$6.0m		38.0%PE20.2x
IMI Ironman InternationalCA$0.1331.6%
+CA$5.2m		n/aPE9.9x
CMI C-Com Satellite SystemsCA$1.049.5%
+CA$3.8m		7.2%PS7.6x

Latest News

VCM
CA$13.34
Vecima Networks
7D
0.7%
1Y
33.4%
QTRH
CA$1.80
Quarterhill
7D
25.9%
1Y
17.6%
STC
CA$4.91
Sangoma Technologies
7D
-13.6%
1Y
-38.7%
HAI
CA$6.14
Haivision Systems
7D
1.3%
1Y
37.4%
NVI
CA$0.16
Novra Technologies
7D
14.3%
1Y
146.2%
CTTT
CA$0.29
Critical Infrastructure Technologies
7D
-10.6%
1Y
293.3%
DCSI
CA$1.50
Direct Communication Solutions
7D
-49.2%
1Y
-51.9%
ET
CA$16.52
Evertz Technologies
7D
0.5%
1Y
38.0%
Narrative Update • May 02

ET: CA$17 Band And Steady Dividends Will Shape Forward Expectations

Analysts have lifted Evertz Technologies' average price target into a CA$16 to CA$17.50 range, citing refreshed research that keeps fair value essentially unchanged while fine tuning growth, margin and future P/E assumptions. Analyst Commentary Recent Street research on Evertz Technologies clusters around a tighter valuation band, with several firms revising price targets into the CA$16 to CA$17.50 range.
IMI
CA$0.13
Ironman International
7D
31.6%
1Y
n/a
YTY
CA$0.045
Wi2Wi
7D
-10.0%
1Y
200.0%
ENA
CA$5.80
Enablence Technologies
7D
23.4%
1Y
n/a
CMI
CA$1.04
C-Com Satellite Systems
7D
9.5%
1Y
7.2%