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Canadian (TSX) Communications Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies10
  • 7D0.08%
  • 3M13.0%
  • 1Y39.4%
  • YTD15.9%

Over the last 7 days, the Communications industry has remained flat, although notably Nuran Wireless gained 40%. The past year has been better, since the industry has gained 39% in that time. 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
Thu, 23 Apr 2026CA$2.2bCA$1.5b-CA$30,972,794.1620.5x-71.5x1.5x
Sat, 21 Mar 2026CA$2.2bCA$1.5bCA$13.2m19.7x163x1.5x
Mon, 16 Feb 2026CA$2.1bCA$1.5bCA$13.6m25.3x151.7x1.4x
Wed, 14 Jan 2026CA$1.9bCA$1.5bCA$3.7m17.3x508.5x1.3x
Fri, 12 Dec 2025CA$1.9bCA$1.5bCA$4.0m17x471.2x1.3x
Sun, 09 Nov 2025CA$1.8bCA$1.5bCA$3.5m16.5x519.2x1.2x
Tue, 07 Oct 2025CA$1.8bCA$1.5bCA$5.3m16x342.4x1.2x
Thu, 04 Sep 2025CA$1.8bCA$1.5bCA$22.6m17.1x78.2x1.2x
Sat, 02 Aug 2025CA$1.8bCA$1.5bCA$28.7m16.7x61.9x1.2x
Mon, 30 Jun 2025CA$1.8bCA$1.5bCA$29.1m19.4x61x1.2x
Wed, 28 May 2025CA$1.7bCA$1.5bCA$32.9m35.6x53.1x1.2x
Fri, 25 Apr 2025CA$1.6bCA$1.5bCA$43.5m20.7x37.1x1.1x
Sun, 23 Mar 2025CA$1.7bCA$1.5bCA$46.1m25.1x37.1x1.1x
Tue, 18 Feb 2025CA$1.9bCA$1.5bCA$30.0m25.1x63.3x1.2x
Thu, 16 Jan 2025CA$2.1bCA$1.5bCA$39.5m18.1x52.2x1.3x
Sat, 14 Dec 2024CA$2.1bCA$1.5bCA$39.8m20.3x53.5x1.4x
Mon, 11 Nov 2024CA$2.1bCA$1.5bCA$50.2m23.3x42.1x1.4x
Wed, 09 Oct 2024CA$2.1bCA$1.5bCA$50.7m24.5x40.7x1.4x
Fri, 06 Sep 2024CA$2.3bCA$1.5bCA$23.0m23x98x1.5x
Sun, 04 Aug 2024CA$2.1bCA$1.5bCA$10.5m22.7x199x1.4x
Tue, 02 Jul 2024CA$2.1bCA$1.5bCA$11.2m23x187.4x1.4x
Thu, 30 May 2024CA$2.3bCA$1.5bCA$13.6m23x165.5x1.5x
Sat, 27 Apr 2024CA$2.1bCA$1.5bCA$7.2m22.8x290.8x1.4x
Mon, 25 Mar 2024CA$2.3bCA$1.5bCA$5.3m26.2x426.2x1.5x
Wed, 21 Feb 2024CA$2.1bCA$1.6bCA$49.7m21.3x42.7x1.3x
Fri, 19 Jan 2024CA$3.7bCA$2.5bCA$9.1m21.7x407.8x1.5x
Sun, 17 Dec 2023CA$3.7bCA$2.5bCA$5.8m22.8x638.9x1.5x
Tue, 14 Nov 2023CA$3.5bCA$2.5bCA$2.5m20.8x1398.6x1.4x
Thu, 12 Oct 2023CA$3.5bCA$2.5bCA$9.1m23.1x387.1x1.4x
Sat, 09 Sep 2023CA$3.5bCA$2.5b-CA$100,978,946.0024.3x-35.2x1.4x
Mon, 07 Aug 2023CA$3.7bCA$2.4b-CA$185,023,913.0019.2x-19.7x1.5x
Wed, 05 Jul 2023CA$3.7bCA$2.4b-CA$183,297,816.0017.2x-20x1.6x
Fri, 02 Jun 2023CA$3.6bCA$2.3b-CA$184,570,523.0016.3x-19.4x1.5x
Sun, 30 Apr 2023CA$3.6bCA$2.4b-CA$124,128,375.0023.1x-29x1.5x
Price to Earnings Ratio

-29x


Total Market Cap: CA$3.6bTotal Earnings: -CA$124,128,375.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 237.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Canadian Communications 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 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 Market-0.38%
Tech4.38%
Communications0.077%
Communications Equipment0.077%
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
NUR Nuran WirelessCA$5.7540.2%
+CA$21.6m		-76.0%PS17.9x
QTRH QuarterhillCA$1.486.5%
+CA$10.8m		9.6%PS0.8x
STC Sangoma TechnologiesCA$5.994.2%
+CA$8.0m		-17.4%PS0.7x
VCM Vecima NetworksCA$13.360.4%
+CA$1.2m		48.6%PS1.2x
YTY Wi2WiCA$0.04512.5%
+CA$991.2k		125.0%PS1x

Latest News

QTRH
CA$1.48
Quarterhill
7D
6.5%
1Y
9.6%

AI Transportation Platform And Project Backlog Will Support Stronger Long Term Earnings Quality

Catalysts About Quarterhill Quarterhill provides Intelligent Transportation Systems focused on tolling, safety and enforcement solutions supported by an AI enabled software platform. What are the underlying business or industry changes driving this perspective?
IMI
CA$0.095
Ironman International
7D
-13.6%
1Y
n/a
CTTT
CA$0.38
Critical Infrastructure Technologies
7D
-9.5%
1Y
85.4%
YTY
CA$0.045
Wi2Wi
7D
12.5%
1Y
125.0%
HAI
CA$6.65
Haivision Systems
7D
-5.5%
1Y
67.5%

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$5.75
Nuran Wireless
7D
40.2%
1Y
-76.0%
ENA
CA$4.00
Enablence Technologies
7D
-13.8%
1Y
354.5%
CMI
CA$0.98
C-Com Satellite Systems
7D
1.0%
1Y
3.2%
STC
CA$5.99
Sangoma Technologies
7D
4.2%
1Y
-17.4%
TTZ
CA$0.35
Total Telcom
7D
-5.4%
1Y
94.4%
VCM
CA$13.36
Vecima Networks
7D
0.4%
1Y
48.6%

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
-10.0%
1Y
-30.8%