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Canadian (TSX) Communications Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies10
  • 7D4.3%
  • 3M2.9%
  • 1Y28.6%
  • YTD18.5%

In the last week, the Communications industry is up 4.3%, with Enablence Technologies leading the way with a 34% gain. In the last 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 40% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026CA$2.3bCA$1.5b-CA$32,849,613.7520.1x-69.7x1.6x
Thu, 30 Apr 2026CA$2.2bCA$1.5b-CA$31,035,711.8420.3x-69.5x1.5x
Sat, 28 Mar 2026CA$2.1bCA$1.5b-CA$34,887,991.5619.5x-60.6x1.4x
Mon, 23 Feb 2026CA$2.2bCA$1.5bCA$13.4m24.6x164.9x1.5x
Wed, 21 Jan 2026CA$2.0bCA$1.5bCA$5.2m17x377.5x1.3x
Fri, 19 Dec 2025CA$2.0bCA$1.5bCA$4.0m17.1x497.6x1.4x
Sun, 16 Nov 2025CA$1.8bCA$1.5bCA$1.0m16.2x1804.1x1.2x
Tue, 14 Oct 2025CA$2.0bCA$1.5bCA$5.2m16.6x379.4x1.3x
Thu, 11 Sep 2025CA$1.7bCA$1.5bCA$22.4m17.1x77.4x1.2x
Sat, 09 Aug 2025CA$1.8bCA$1.5bCA$28.8m16.7x62x1.2x
Mon, 07 Jul 2025CA$1.8bCA$1.5bCA$29.3m18.9x62.1x1.2x
Wed, 04 Jun 2025CA$1.8bCA$1.5bCA$33.1m36.8x53.6x1.2x
Fri, 02 May 2025CA$1.7bCA$1.5bCA$43.5m22.7x38.5x1.1x
Sun, 30 Mar 2025CA$1.6bCA$1.5bCA$44.0m22.5x36.4x1.1x
Tue, 25 Feb 2025CA$1.8bCA$1.5bCA$29.7m24.5x62x1.2x
Thu, 23 Jan 2025CA$2.1bCA$1.5bCA$38.8m18.1x55.2x1.4x
Sat, 21 Dec 2024CA$2.0bCA$1.5bCA$39.4m18.8x51.8x1.3x
Mon, 18 Nov 2024CA$2.1bCA$1.5bCA$46.5m21.5x44.8x1.4x
Wed, 16 Oct 2024CA$2.1bCA$1.5bCA$50.3m22.8x42.1x1.4x
Fri, 13 Sep 2024CA$2.3bCA$1.5bCA$18.0m22.3x126.3x1.5x
Sun, 11 Aug 2024CA$2.1bCA$1.5bCA$11.3m22.1x186.5x1.4x
Tue, 09 Jul 2024CA$2.1bCA$1.5bCA$11.8m23x178.9x1.4x
Thu, 06 Jun 2024CA$2.3bCA$1.5bCA$13.7m21.9x166x1.5x
Sat, 04 May 2024CA$2.1bCA$1.5bCA$7.2m22.8x297.6x1.4x
Mon, 01 Apr 2024CA$2.3bCA$1.5bCA$7.2m32.5x312.9x1.5x
Wed, 28 Feb 2024CA$2.2bCA$1.6bCA$49.7m22.3x43.4x1.4x
Fri, 26 Jan 2024CA$3.7bCA$2.5bCA$9.2m21.8x404.4x1.5x
Sun, 24 Dec 2023CA$3.7bCA$2.5bCA$6.2m23.3x600.3x1.5x
Tue, 21 Nov 2023CA$3.5bCA$2.5bCA$2.7m21.6x1314x1.4x
Thu, 19 Oct 2023CA$3.5bCA$2.5bCA$8.8m23.6x399.5x1.4x
Sat, 16 Sep 2023CA$3.5bCA$2.5b-CA$94,507,114.0024.3x-37.4x1.4x
Mon, 14 Aug 2023CA$3.6bCA$2.5b-CA$108,908,795.0020.3x-33.2x1.4x
Wed, 12 Jul 2023CA$3.6bCA$2.4b-CA$183,420,529.0019.3x-19.8x1.5x
Fri, 09 Jun 2023CA$3.5bCA$2.3b-CA$183,532,186.0017.1x-19.3x1.5x
Price to Earnings Ratio

-19.3x


Total Market Cap: CA$3.5bTotal Earnings: -CA$183,532,186.00Total Revenue: CA$2.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 235.4x202420252026
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 1.6x.
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 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 Trends

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

CA Market-0.35%
Tech3.47%
Communications4.28%
Communications Equipment4.28%
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$10.00104.1%
+CA$107.5m		733.3%PS20.8x
ET Evertz TechnologiesCA$16.502.4%
+CA$29.5m		36.8%PE20.2x
QTRH QuarterhillCA$2.1212.8%
+CA$28.8m		49.3%PS1.1x
VCM Vecima NetworksCA$13.993.7%
+CA$12.2m		35.0%PS1.2x
HAI Haivision SystemsCA$6.335.5%
+CA$9.1m		37.9%PE172.1x

Latest News

ENA
CA$10.00
Enablence Technologies
7D
104.1%
1Y
733.3%
HAI
CA$6.33
Haivision Systems
7D
5.5%
1Y
37.9%
Narrative Update • May 31

HAI: Share Buybacks And Recalibrated Assumptions Will Support Future Upside Potential

Analysts have trimmed their price target on Haivision Systems by CA$2.50, reflecting updated views on fair value, discount rates, growth, and profitability assumptions. Analyst Commentary Analysts cutting the price target by CA$2.50 signals a reset in expectations around what they see as fair value for Haivision Systems, based on updated views of growth, profitability, and risk.
CTTT
CA$0.32
Critical Infrastructure Technologies
7D
14.3%
1Y
392.3%
IMI
CA$0.10
Ironman International
7D
-4.5%
1Y
n/a
NVI
CA$0.15
Novra Technologies
7D
-6.1%
1Y
93.8%
QTRH
CA$2.12
Quarterhill
7D
12.8%
1Y
49.3%
STC
CA$5.16
Sangoma Technologies
7D
1.4%
1Y
-32.1%
ET
CA$16.50
Evertz Technologies
7D
2.4%
1Y
36.8%
Narrative Update • May 18

ET: CA$17 Band And Steady Payouts Will Guide Forward Expectations

Analyst price targets for Evertz Technologies have moved higher into a CA$16 to CA$17.50 range, with the fair value estimate held at CA$17.25 as analysts point to updated views on discount rates and forward P/E assumptions. Analyst Commentary Recent research updates cluster around a CA$16 to CA$17.50 price target range, with several analysts refining their views on valuation inputs such as discount rates and forward P/E assumptions.
VCM
CA$13.99
Vecima Networks
7D
3.7%
1Y
35.0%
VTI
CA$0.40
Valdor Technology International
7D
-20.0%
1Y
-90.0%
CMI
CA$0.99
C-Com Satellite Systems
7D
6.5%
1Y
-7.5%