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Canadian (TSX) Communications Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies10
  • 7D1.1%
  • 3M14.0%
  • 1Y43.2%
  • YTD15.5%

The Communications industry is up 1.1% in the last week, with Sangoma Technologies up 10%. In the same time, Edgewater Wireless Systems was down 18%. In the last 12 months, the industry was up 43%. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026CA$2.2bCA$1.5b-CA$30,815,499.9620.6x-72.3x1.5x
Thu, 19 Mar 2026CA$2.1bCA$1.5bCA$13.2m20.1x162.5x1.5x
Sat, 14 Feb 2026CA$2.0bCA$1.5bCA$13.6m25.3x149.5x1.4x
Mon, 12 Jan 2026CA$1.9bCA$1.5bCA$3.6m17x520.4x1.3x
Wed, 10 Dec 2025CA$1.9bCA$1.5bCA$1.0m15.9x1774.5x1.3x
Fri, 07 Nov 2025CA$1.8bCA$1.5bCA$3.3m17.4x559x1.2x
Sun, 05 Oct 2025CA$1.8bCA$1.5bCA$5.3m15.8x342.9x1.2x
Tue, 02 Sep 2025CA$1.8bCA$1.5bCA$22.8m17.6x77x1.2x
Thu, 31 Jul 2025CA$1.8bCA$1.5bCA$28.6m16.7x62.3x1.2x
Sat, 28 Jun 2025CA$1.8bCA$1.5bCA$29.1m19.4x60.8x1.2x
Mon, 26 May 2025CA$1.7bCA$1.5bCA$33.1m33.7x52.7x1.2x
Wed, 23 Apr 2025CA$1.6bCA$1.5bCA$43.6m20.9x35.9x1x
Fri, 21 Mar 2025CA$1.7bCA$1.5bCA$46.2m25.1x37x1.1x
Sun, 16 Feb 2025CA$1.9bCA$1.5bCA$30.0m25.1x63.3x1.2x
Tue, 14 Jan 2025CA$2.1bCA$1.5bCA$39.3m19x53.5x1.4x
Thu, 12 Dec 2024CA$2.1bCA$1.5bCA$40.0m20.8x52.8x1.4x
Sat, 09 Nov 2024CA$2.2bCA$1.5bCA$50.2m24.3x42.8x1.4x
Mon, 07 Oct 2024CA$2.1bCA$1.5bCA$51.0m23.8x40.6x1.4x
Wed, 04 Sep 2024CA$2.2bCA$1.5bCA$22.8m21.4x96.1x1.5x
Fri, 02 Aug 2024CA$2.2bCA$1.5bCA$10.4m22.7x207x1.4x
Sun, 30 Jun 2024CA$2.1bCA$1.5bCA$11.5m23x181.4x1.4x
Tue, 28 May 2024CA$2.2bCA$1.5bCA$14.0m22.1x159.1x1.5x
Thu, 25 Apr 2024CA$2.1bCA$1.5bCA$7.1m23x300.9x1.4x
Sat, 23 Mar 2024CA$2.3bCA$1.5bCA$5.3m26.2x426.2x1.5x
Mon, 19 Feb 2024CA$2.1bCA$1.6bCA$49.8m21.2x43.1x1.3x
Wed, 17 Jan 2024CA$3.7bCA$2.5bCA$5.5m22x681.7x1.5x
Fri, 15 Dec 2023CA$3.7bCA$2.5bCA$5.8m22.5x648.3x1.5x
Sun, 12 Nov 2023CA$3.5bCA$2.5bCA$7.2m17x478.2x1.4x
Tue, 10 Oct 2023CA$3.5bCA$2.5bCA$8.9m22.9x396.9x1.4x
Thu, 07 Sep 2023CA$3.6bCA$2.5b-CA$100,931,536.0023.7x-35.2x1.4x
Sat, 05 Aug 2023CA$3.7bCA$2.4b-CA$185,020,773.0019.2x-19.7x1.5x
Mon, 03 Jul 2023CA$3.7bCA$2.4b-CA$183,544,246.0017.1x-20x1.6x
Wed, 31 May 2023CA$3.6bCA$2.4b-CA$186,034,763.0017.6x-19.1x1.5x
Fri, 28 Apr 2023CA$3.6bCA$2.4b-CA$124,669,426.0023.1x-28.9x1.5x
Price to Earnings Ratio

-28.9x


Total Market Cap: CA$3.6bTotal Earnings: -CA$124,669,426.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 237.2x202420252026
Current Industry PE
  • Investors are optimistic on the Canadian Communications 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 industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 15% 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 Trends

Which industries have driven the changes within the Canadian Tech industry?

CA Market1.15%
Tech11.41%
Communications1.14%
Communications Equipment1.14%
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
STC Sangoma TechnologiesCA$5.8010.1%
+CA$17.6m		-8.7%PS0.6x
ENA Enablence TechnologiesCA$4.228.2%
+CA$6.7m		379.5%PS10.3x
QTRH QuarterhillCA$1.463.5%
+CA$6.0m		9.8%PS0.8x
DCSI Direct Communication SolutionsCA$2.0060.0%
+CA$1.9m		-35.5%PS0.4x
CMI C-Com Satellite SystemsCA$0.974.3%
+CA$1.7m		-1.0%PS7.1x

Latest News

IMI
CA$0.10
Ironman International
7D
-9.1%
1Y
n/a
ET
CA$16.61
Evertz Technologies
7D
0.06%
1Y
58.8%

ET: CA$17 Band And Regular Payouts Will Guide Balanced Outlook

Analyst price targets for Evertz Technologies have recently shifted higher into a CA$16 to CA$17.50 range, as analysts point to updated views on valuation and risk that are broadly consistent with the model's fair value estimate of CA$17.25. Analyst Commentary Recent research updates cluster around higher price targets for Evertz Technologies, generally falling between CA$16 and CA$17.50.
YTY
CA$0.045
Wi2Wi
7D
12.5%
1Y
80.0%
HAI
CA$6.97
Haivision Systems
7D
-0.1%
1Y
83.4%

HAI: Upgrade And Buybacks Will Support Confidence In 2026 Earnings Delivery

Analysts have updated their outlook on Haivision Systems, with the consensus price target now aligned with a fair value estimate of CA$11.56. Recent research points to refined assumptions for discount rate, revenue growth, profit margin, and future P/E rather than a major shift in the underlying story.
NUR
CA$4.18
Nuran Wireless
7D
-2.3%
1Y
-82.6%
QTRH
CA$1.46
Quarterhill
7D
3.5%
1Y
9.8%
ENA
CA$4.22
Enablence Technologies
7D
8.2%
1Y
379.5%
CMI
CA$0.97
C-Com Satellite Systems
7D
4.3%
1Y
-1.0%
STC
CA$5.80
Sangoma Technologies
7D
10.1%
1Y
-8.7%
TTZ
CA$0.35
Total Telcom
7D
-4.1%
1Y
91.9%
VCM
CA$13.35
Vecima Networks
7D
0.4%
1Y
43.1%

Vecima Networks Inc. (TSE:VCM) Analysts Are Pretty Bullish On The Stock After Recent Results

Feb 15
Vecima Networks Inc. (TSE:VCM) Analysts Are Pretty Bullish On The Stock After Recent Results
YFI
CA$0.045
Edgewater Wireless Systems
7D
-18.2%
1Y
-30.8%
DCSI
CA$2.00
Direct Communication Solutions
7D
60.0%
1Y
-35.5%