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Canadian (TSX) Communications Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies12
  • 7D-2.6%
  • 3M-0.5%
  • 1Y7.8%
  • YTD17.1%

Over the last 7 days, the Communications industry has dropped 2.6%, driven by Quarterhill declining 11%. On the other hand Enablence Technologies is actually up 27%. In the past year, the industry has gained 7.8%. Earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026CA$2.3bCA$1.5b-CA$54,929,596.1419.9x-41.9x1.6x
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
Price to Earnings Ratio

-19.3x


Total Market Cap: CA$3.6bTotal Earnings: -CA$183,941,824.00Total Revenue: CA$2.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Communications Industry Price to Earnings3Y Average 235.2x202420252026
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 1.6x.
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-0.64%
Tech-2.56%
Communications-2.60%
Communications Equipment-2.60%
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$12.7027.0%
+CA$56.9m		1,109.5%PS26.2x
TTZ Total TelcomCA$0.421.2%
+CA$132.6k		115.4%PE19.7x

Latest News

QTRH
CA$1.88
Quarterhill
7D
-11.3%
1Y
34.3%
Narrative Update • Jun 07

QTRH: New Tolling And Weigh In Motion Deals Will Support Upside

Analysts have adjusted their CA$ fair value target for Quarterhill to reflect a lower forward P/E assumption. The updated estimate is now aligned at CA$2.43, based on largely unchanged discount rate, revenue growth, and profit margin inputs.
STC
CA$5.00
Sangoma Technologies
7D
-3.1%
1Y
-37.5%
New Narrative • Jun 05

Infrastructure Headwinds And Slow Deployments Will Test AI Usage Potential Over Time

Catalysts About Sangoma Technologies Sangoma Technologies provides communications infrastructure and applications that support voice, data and AI-enabled services for business customers. What are the underlying business or industry changes driving this perspective?
ET
CA$16.48
Evertz Technologies
7D
-0.1%
1Y
37.0%
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.
ENA
CA$12.70
Enablence Technologies
7D
27.0%
1Y
1,109.5%
HAI
CA$5.87
Haivision Systems
7D
-7.3%
1Y
22.8%
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$0.29
Critical Infrastructure Technologies
7D
-9.4%
1Y
383.3%
IMI
CA$0.095
Ironman International
7D
-9.5%
1Y
n/a
TTZ
CA$0.42
Total Telcom
7D
1.2%
1Y
115.4%
YTY
CA$0.04
Wi2Wi
7D
-11.1%
1Y
166.7%
VCM
CA$13.70
Vecima Networks
7D
-2.1%
1Y
37.0%