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Canadian (TSX) Communications Equipment Industry Analysis

UpdatedSep 22, 2026
DataAggregated Company Financials
Companies10
  • 7D-8.6%
  • 3M-9.0%
  • 1Y10.1%
  • YTDn/a

Over the last 7 days, the Communications Equipment industry has dropped 10.0%, driven by Evertz Technologies declining 16%. Meanwhile, Quarterhill actually outperformed within the industry, gaining 8.9% in the last week. In the past year, the industry has gained 8.7%. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Sep 2026CA$2.0bCA$1.5b-CA$35,055,831.9619.6x-56.1x1.3x
Thu, 20 Aug 2026CA$2.4bCA$1.5b-CA$50,396,016.3822.9x-46.7x1.6x
Sat, 18 Jul 2026CA$2.4bCA$1.5b-CA$53,196,260.7721.7x-45.2x1.6x
Mon, 15 Jun 2026CA$2.2bCA$1.5b-CA$54,587,077.6521.9x-41x1.5x
Wed, 13 May 2026CA$2.2bCA$1.5b-CA$31,347,682.8120.3x-69.2x1.5x
Fri, 10 Apr 2026CA$2.2bCA$1.5b-CA$34,458,965.4021.3x-63x1.5x
Sun, 08 Mar 2026CA$2.2bCA$1.5bCA$12.7m21.3x171.1x1.5x
Tue, 03 Feb 2026CA$2.0bCA$1.5bCA$5.6m21x358.6x1.4x
Thu, 01 Jan 2026CA$1.9bCA$1.5bCA$4.1m17.9x465.4x1.3x
Sat, 29 Nov 2025CA$1.9bCA$1.5bCA$776.2k16.8x2402.5x1.3x
Mon, 27 Oct 2025CA$1.9bCA$1.5bCA$5.3m18.5x360.9x1.3x
Wed, 24 Sep 2025CA$1.8bCA$1.5bCA$27.1m16.2x65.2x1.2x
Fri, 22 Aug 2025CA$1.7bCA$1.5bCA$22.6m16.2x76.8x1.2x
Sun, 20 Jul 2025CA$1.8bCA$1.5bCA$28.9m17.1x62x1.2x
Tue, 17 Jun 2025CA$1.8bCA$1.5bCA$30.2m17.1x58.6x1.2x
Thu, 15 May 2025CA$1.8bCA$1.5bCA$43.1m23.4x41.8x1.2x
Sat, 12 Apr 2025CA$1.5bCA$1.5bCA$44.8m21.8x34.6x1x
Mon, 10 Mar 2025CA$1.7bCA$1.5bCA$31.5m24.5x54.7x1.1x
Wed, 05 Feb 2025CA$2.0bCA$1.5bCA$39.1m16.6x51.7x1.3x
Fri, 03 Jan 2025CA$2.1bCA$1.5bCA$39.3m19x53.9x1.4x
Sun, 01 Dec 2024CA$2.1bCA$1.5bCA$46.8m21.2x44.2x1.4x
Tue, 29 Oct 2024CA$2.1bCA$1.5bCA$49.6m25x41.8x1.4x
Thu, 26 Sep 2024CA$2.1bCA$1.5bCA$51.2m24.9x40.3x1.4x
Sat, 24 Aug 2024CA$2.2bCA$1.5bCA$23.0m22.1x93.9x1.4x
Mon, 22 Jul 2024CA$2.1bCA$1.5bCA$11.3m22.1x190x1.4x
Wed, 19 Jun 2024CA$2.3bCA$1.5bCA$16.0m22.6x145x1.5x
Fri, 17 May 2024CA$2.3bCA$1.5bCA$12.6m21.9x181.3x1.5x
Sun, 14 Apr 2024CA$2.3bCA$1.5bCA$6.5m31.8x349.6x1.5x
Tue, 12 Mar 2024CA$2.2bCA$1.6bCA$49.8m20.6x43.6x1.4x
Thu, 08 Feb 2024CA$2.1bCA$1.6bCA$55.1m20.4x37.3x1.3x
Sat, 06 Jan 2024CA$3.7bCA$2.5bCA$5.9m22.2x622.7x1.4x
Mon, 04 Dec 2023CA$3.6bCA$2.5bCA$3.2m21.4x1118.8x1.4x
Wed, 01 Nov 2023CA$3.5bCA$2.6bCA$8.0m18.6x441.3x1.4x
Fri, 29 Sep 2023CA$3.6bCA$2.5bCA$9.4m24.1x377.5x1.4x
Price to Earnings Ratio

377.5x


Total Market Cap: CA$3.6bTotal Earnings: CA$9.4mTotal Revenue: CA$2.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Equipment Industry Price to Earnings3Y Average 232.9x202420252026
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
  • Total earnings for the Communications Equipment industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 16% per year, which is driving profits down.

Industry Comparison

How does Canadian Communications Equipment compare with similar industries?

CA Market0.51%
Tech-0.27%
Communications-8.60%
Communications Equipment-8.60%
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$2.808.9%
+CA$86.4m		147.8%PS1.8x
ENA Enablence TechnologiesCA$7.2713.8%
+CA$18.5m		491.1%PS14.9x
CTTT Critical Infrastructure TechnologiesCA$0.3022.4%
+CA$8.4m		0%PS53.5x
NVI Novra TechnologiesCA$0.1220.0%
+CA$708.5k		71.4%PS1x
TTZ Total TelcomCA$0.502.0%
+CA$265.2k		177.8%PE23.5x

Latest News

ET
CA$12.40
Evertz Technologies
7D
-16.5%
1Y
1.2%
QTRH
CA$2.80
Quarterhill
7D
8.9%
1Y
147.8%
ENA
CA$7.27
Enablence Technologies
7D
13.8%
1Y
491.1%
HAI
CA$3.70
Haivision Systems
7D
-2.6%
1Y
-26.4%
Narrative Update • Sep 11

HAI: Reduced Estimates And Higher Forecast Risk Will Offer Future Upside Potential

Analysts have cut their average price target for Haivision Systems from CA$8.00 to CA$4.00, citing reduced estimates and higher forecast risk following the company’s fiscal Q3 report. What's in the News There are currently no recent news stories disclosed for Haivision Systems based on the provided sources.
TTZ
CA$0.50
Total Telcom
7D
2.0%
1Y
177.8%
VCM
CA$11.79
Vecima Networks
7D
-9.4%
1Y
12.3%
CTTT
CA$0.30
Critical Infrastructure Technologies
7D
22.4%
1Y
0%
NVI
CA$0.12
Novra Technologies
7D
20.0%
1Y
71.4%
YFI
CA$0.04
Edgewater Wireless Systems
7D
-20.0%
1Y
-33.3%
CMI
CA$0.83
C-Com Satellite Systems
7D
-6.7%
1Y
-4.6%
STC
CA$4.89
Sangoma Technologies
7D
-1.8%
1Y
-30.5%
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.