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Canadian (TSX) Communications Equipment Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies12
  • 7D0.08%
  • 3M-2.4%
  • 1Y6.0%
  • YTDn/a

Last week, the Communications Equipment industry hasn't moved much but Enablence Technologies is up 13% in that time. The past year has been better, since the industry has gained 7.2% in that time. As for the next few years, earnings are expected to grow by 36% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026CA$2.2bCA$1.5b-CA$56,275,483.3522.1x-39.7x1.5x
Fri, 22 May 2026CA$2.2bCA$1.5b-CA$30,219,016.0720.7x-71.6x1.5x
Sun, 19 Apr 2026CA$2.2bCA$1.5b-CA$31,097,395.8421.1x-71.6x1.5x
Tue, 17 Mar 2026CA$2.1bCA$1.5bCA$13.2m19.5x160.1x1.4x
Thu, 12 Feb 2026CA$2.1bCA$1.4bCA$5.7m24.6x361x1.4x
Sat, 10 Jan 2026CA$1.9bCA$1.5bCA$3.6m17x523.2x1.3x
Mon, 08 Dec 2025CA$1.8bCA$1.5bCA$1.1m15.7x1661.3x1.3x
Wed, 05 Nov 2025CA$1.9bCA$1.5bCA$4.2m17.5x440.5x1.3x
Fri, 03 Oct 2025CA$1.8bCA$1.5bCA$5.3m15.7x344.3x1.2x
Sun, 31 Aug 2025CA$1.8bCA$1.5bCA$22.8m17.6x77x1.2x
Tue, 29 Jul 2025CA$1.8bCA$1.5bCA$28.9m18x61.1x1.2x
Thu, 26 Jun 2025CA$1.8bCA$1.5bCA$29.8m18.9x59x1.2x
Sat, 24 May 2025CA$1.7bCA$1.5bCA$33.1m33.7x52.6x1.2x
Mon, 21 Apr 2025CA$1.6bCA$1.5bCA$43.5m22.1x36.5x1.1x
Wed, 19 Mar 2025CA$1.7bCA$1.5bCA$46.2m25.5x37.4x1.1x
Fri, 14 Feb 2025CA$1.9bCA$1.5bCA$29.9m24x62.1x1.2x
Sun, 12 Jan 2025CA$2.1bCA$1.5bCA$39.2m19x53.7x1.4x
Tue, 10 Dec 2024CA$2.1bCA$1.5bCA$46.3m21x45.9x1.4x
Thu, 07 Nov 2024CA$2.1bCA$1.5bCA$49.4m23.8x41.8x1.4x
Sat, 05 Oct 2024CA$2.0bCA$1.5bCA$51.0m23.8x40.2x1.4x
Mon, 02 Sep 2024CA$2.2bCA$1.5bCA$23.2m21.9x94.5x1.5x
Wed, 31 Jul 2024CA$2.2bCA$1.5bCA$10.6m22.8x204.8x1.4x
Fri, 28 Jun 2024CA$2.1bCA$1.5bCA$11.5m22.3x181x1.4x
Sun, 26 May 2024CA$2.2bCA$1.5bCA$13.8m22.1x161.3x1.5x
Tue, 23 Apr 2024CA$2.2bCA$1.5bCA$7.0m23x312.4x1.4x
Thu, 21 Mar 2024CA$2.3bCA$1.5bCA$5.7m25.8x397.6x1.5x
Sat, 17 Feb 2024CA$2.2bCA$1.6bCA$49.8m21.2x43.3x1.4x
Mon, 15 Jan 2024CA$3.7bCA$2.5bCA$5.7m22.4x646.7x1.5x
Wed, 13 Dec 2023CA$3.7bCA$2.6bCA$5.2m22.7x713.5x1.4x
Fri, 10 Nov 2023CA$3.5bCA$2.6bCA$15.0m14.3x234.2x1.4x
Sun, 08 Oct 2023CA$3.5bCA$2.5bCA$8.9m22.9x396.9x1.4x
Tue, 05 Sep 2023CA$3.6bCA$2.5b-CA$100,541,191.0023.7x-35.7x1.4x
Thu, 03 Aug 2023CA$3.7bCA$2.4b-CA$184,596,860.0019.4x-20x1.6x
Sat, 01 Jul 2023CA$3.7bCA$2.4b-CA$183,544,246.0017.1x-20x1.6x
Price to Earnings Ratio

-20x


Total Market Cap: CA$3.7bTotal Earnings: -CA$183,544,246.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Equipment Industry Price to Earnings3Y Average 234.9x202420252026
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 Market-1.50%
Tech-4.37%
Communications0.085%
Communications Equipment0.085%
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$10.1113.5%
+CA$25.3m		779.1%PS20.5x
ET Evertz TechnologiesCA$16.241.3%
+CA$15.9m		32.7%PE19.9x
STC Sangoma TechnologiesCA$5.428.4%
+CA$14.0m		-30.5%PS0.6x
YTY Wi2WiCA$0.0525.0%
+CA$2.0m		100.0%PS1x
TTZ Total TelcomCA$0.5110.9%
+CA$1.3m		137.2%PE23.9x

Latest News

QTRH
CA$1.71
Quarterhill
7D
-5.5%
1Y
26.7%
Narrative Update • Jun 23

QTRH: Expanding Long-Term Transport Contracts Will Support Future Upside

Analysts have kept their core assumptions on Quarterhill largely unchanged, but have modestly refined inputs such as the discount rate and future P/E. This has led to a small adjustment in their CA$ price target rather than a major reset of expectations.
STC
CA$5.42
Sangoma Technologies
7D
8.4%
1Y
-30.5%
New Narrative • Jun 19

Sangoma Technologies Stock Will Benefit From Larger Long-Term Deployments And Rising Network Usage

Catalysts About Sangoma Technologies Sangoma Technologies provides communications solutions that combine applications, data networking and global voice infrastructure for business customers. What are the underlying business or industry changes driving this perspective?
HAI
CA$4.41
Haivision Systems
7D
-0.9%
1Y
-4.5%
TTZ
CA$0.51
Total Telcom
7D
10.9%
1Y
137.2%
ET
CA$16.24
Evertz Technologies
7D
1.3%
1Y
32.7%
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.
YFI
CA$0.035
Edgewater Wireless Systems
7D
-12.5%
1Y
-30.0%
ENA
CA$10.11
Enablence Technologies
7D
13.5%
1Y
779.1%
CTTT
CA$0.17
Critical Infrastructure Technologies
7D
-35.2%
1Y
169.2%
IMI
CA$0.10
Ironman International
7D
-4.5%
1Y
n/a
DCSI
CA$1.00
Direct Communication Solutions
7D
-23.1%
1Y
-66.7%
NVI
CA$0.16
Novra Technologies
7D
3.2%
1Y
88.2%
YTY
CA$0.05
Wi2Wi
7D
25.0%
1Y
100.0%
VCM
CA$13.03
Vecima Networks
7D
-1.3%
1Y
40.1%
CMI
CA$0.95
C-Com Satellite Systems
7D
-3.1%
1Y
-8.7%