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Canadian (TSX) Communications Equipment Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies11
  • 7D0.2%
  • 3M5.9%
  • 1Y27.7%
  • YTDn/a

Over the last 7 days, the Communications Equipment industry has remained flat, although notably Enablence Technologies gained 52%. The past year has been better, since the industry has gained 28% in that time. As for the next few years, earnings are expected to grow by 33% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026CA$2.2bCA$1.5b-CA$30,880,202.0319.7x-69.9x1.5x
Fri, 03 Apr 2026CA$2.1bCA$1.5b-CA$35,113,664.2819.7x-60.3x1.4x
Sun, 01 Mar 2026CA$2.2bCA$1.5bCA$13.5m25.3x164.6x1.5x
Tue, 27 Jan 2026CA$2.0bCA$1.5bCA$5.5m17.4x359.3x1.3x
Thu, 25 Dec 2025CA$1.9bCA$1.5bCA$4.2m17.9x449.4x1.3x
Sat, 22 Nov 2025CA$1.8bCA$1.5bCA$440.1k18.6x4115x1.2x
Mon, 20 Oct 2025CA$1.9bCA$1.5bCA$5.2m17.8x354.9x1.3x
Wed, 17 Sep 2025CA$1.8bCA$1.5bCA$24.7m16.7x73.3x1.2x
Fri, 15 Aug 2025CA$1.7bCA$1.5bCA$23.4m16.7x74.8x1.2x
Sun, 13 Jul 2025CA$1.8bCA$1.5bCA$29.1m19.4x61.8x1.2x
Tue, 10 Jun 2025CA$1.8bCA$1.5bCA$33.2m37.5x53.3x1.2x
Thu, 08 May 2025CA$1.7bCA$1.5bCA$43.6m23.6x39.1x1.1x
Sat, 05 Apr 2025CA$1.6bCA$1.5bCA$44.1m21.4x35.6x1x
Mon, 03 Mar 2025CA$1.8bCA$1.5bCA$29.1m25.5x62.2x1.2x
Wed, 29 Jan 2025CA$2.1bCA$1.5bCA$38.8m17.4x55x1.4x
Fri, 27 Dec 2024CA$2.1bCA$1.5bCA$39.2m18.8x53.3x1.4x
Sun, 24 Nov 2024CA$2.1bCA$1.5bCA$46.8m21.1x43.9x1.3x
Tue, 22 Oct 2024CA$2.1bCA$1.5bCA$49.7m24.8x42.1x1.4x
Thu, 19 Sep 2024CA$2.1bCA$1.5bCA$17.8m21.4x117.1x1.4x
Sat, 17 Aug 2024CA$2.1bCA$1.5bCA$21.9m21.9x96.9x1.4x
Mon, 15 Jul 2024CA$2.1bCA$1.5bCA$11.8m22.4x181.3x1.4x
Wed, 12 Jun 2024CA$2.3bCA$1.5bCA$13.3m22.8x173.9x1.5x
Fri, 10 May 2024CA$2.1bCA$1.5bCA$6.4m22.8x332x1.4x
Sun, 07 Apr 2024CA$2.3bCA$1.5bCA$7.1m30.8x320.7x1.5x
Tue, 05 Mar 2024CA$2.2bCA$1.6bCA$49.6m20x44.2x1.4x
Thu, 01 Feb 2024CA$3.7bCA$2.5bCA$9.3m20.8x403.7x1.5x
Sat, 30 Dec 2023CA$3.7bCA$2.5bCA$6.2m21.7x590.7x1.4x
Mon, 27 Nov 2023CA$3.5bCA$2.5bCA$2.9m22.3x1215.3x1.4x
Wed, 25 Oct 2023CA$3.5bCA$2.5bCA$8.5m18.6x411.7x1.4x
Fri, 22 Sep 2023CA$3.5bCA$2.5b-CA$92,539,712.0024.4x-38.1x1.4x
Sun, 20 Aug 2023CA$3.6bCA$2.5b-CA$109,974,663.0021.8x-32.8x1.4x
Tue, 18 Jul 2023CA$3.6bCA$2.4b-CA$182,952,602.0019.9x-19.9x1.5x
Thu, 15 Jun 2023CA$3.6bCA$2.4b-CA$183,941,824.0017.2x-19.3x1.5x
Sat, 13 May 2023CA$3.6bCA$2.3b-CA$186,759,015.0017.1x-19.2x1.5x
Price to Earnings Ratio

-19.2x


Total Market Cap: CA$3.6bTotal Earnings: -CA$186,759,015.00Total Revenue: CA$2.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Equipment Industry Price to Earnings3Y Average 236.6x202420252026
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 Market0.48%
Tech1.34%
Communications0.15%
Communications Equipment0.15%
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
ENA Enablence TechnologiesCA$5.5552.1%
+CA$40.0m		n/aPS13.6x
VCM Vecima NetworksCA$13.256.7%
+CA$20.2m		27.4%PS1.2x
QTRH QuarterhillCA$1.554.7%
+CA$8.4m		7.6%PS0.9x
DCSI Direct Communication SolutionsCA$2.9547.5%
+CA$2.4m		-4.8%PS0.6x
IMI Ironman InternationalCA$0.105.0%
+CA$867.9k		n/aPE8.3x

Latest News

NVI
CA$0.13
Novra Technologies
7D
-21.9%
1Y
150.0%
STC
CA$5.71
Sangoma Technologies
7D
-1.4%
1Y
-29.2%
ET
CA$16.06
Evertz Technologies
7D
-0.1%
1Y
46.4%

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.
VCM
CA$13.25
Vecima Networks
7D
6.7%
1Y
27.4%
HAI
CA$6.30
Haivision Systems
7D
-9.7%
1Y
46.2%
IMI
CA$0.10
Ironman International
7D
5.0%
1Y
n/a
QTRH
CA$1.55
Quarterhill
7D
4.7%
1Y
7.6%

QTRH: Weigh In Motion Contracts Will Drive Tolling Technology Upside

Analysts have nudged their price target on Quarterhill slightly higher to CA$2.20. This reflects small adjustments in fair value, discount rate, revenue growth, profit margin assumptions and a modestly higher future P/E of about 21.44x.
YTY
CA$0.045
Wi2Wi
7D
-10.0%
1Y
125.0%
NUR
CA$5.30
Nuran Wireless
7D
-32.9%
1Y
-77.9%
ENA
CA$5.55
Enablence Technologies
7D
52.1%
1Y
n/a
CMI
CA$0.96
C-Com Satellite Systems
7D
-3.0%
1Y
-1.0%
YFI
CA$0.04
Edgewater Wireless Systems
7D
-11.1%
1Y
-20.0%
DCSI
CA$2.95
Direct Communication Solutions
7D
47.5%
1Y
-4.8%