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Canadian (TSX) Telecom Sector Analysis

UpdatedOct 31, 2025
DataAggregated Company Financials
Companies33
  • 7D-1.2%
  • 3M3.7%
  • 1Y-8.2%
  • YTD7.9%

Over the last 7 days, the Telecom industry has dropped 1.2%, driven by BCE declining 3.1%. The industry has fallen 8.2% in the last year. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

Has the Canadian Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Oct 2025CA$107.7bCA$79.9bCA$9.1b9.5x11.9x1.3x
Sun, 28 Sep 2025CA$105.5bCA$79.7bCA$3.8b10.9x27.4x1.3x
Tue, 26 Aug 2025CA$109.6bCA$79.7bCA$3.8b11.5x29.1x1.4x
Thu, 24 Jul 2025CA$104.9bCA$79.6bCA$4.2b12.3x25.3x1.3x
Sat, 21 Jun 2025CA$96.8bCA$79.6bCA$4.2b10.6x23.3x1.2x
Mon, 19 May 2025CA$95.6bCA$79.6bCA$4.1b10x23.3x1.2x
Wed, 16 Apr 2025CA$91.9bCA$79.5bCA$3.6b10.8x25.4x1.2x
Fri, 14 Mar 2025CA$103.2bCA$80.2bCA$3.7b10.5x27.8x1.3x
Sun, 09 Feb 2025CA$96.7bCA$80.0bCA$3.6b10.7x26.8x1.2x
Tue, 07 Jan 2025CA$100.7bCA$79.9bCA$3.3b10.4x30.2x1.3x
Thu, 05 Dec 2024CA$109.7bCA$80.0bCA$3.3b10.7x32.9x1.4x
Sat, 02 Nov 2024CA$115.5bCA$80.3bCA$5.0b11.2x23x1.4x
Mon, 30 Sep 2024CA$120.9bCA$80.2bCA$4.4b10x27.4x1.5x
Wed, 28 Aug 2024CA$119.0bCA$80.2bCA$4.4b9.3x26.8x1.5x
Fri, 26 Jul 2024CA$113.9bCA$80.4bCA$4.3b7.7x26.8x1.4x
Sun, 23 Jun 2024CA$112.3bCA$81.8bCA$3.5b8.4x31.7x1.4x
Tue, 21 May 2024CA$117.7bCA$81.8bCA$3.6b10.1x32.8x1.4x
Thu, 18 Apr 2024CA$112.8bCA$81.2bCA$3.9b12.6x28.6x1.4x
Sat, 16 Mar 2024CA$119.1bCA$81.4bCA$4.0b11.3x29.5x1.5x
Mon, 12 Feb 2024CA$127.2bCA$81.0bCA$4.0b12.5x31.4x1.6x
Wed, 10 Jan 2024CA$153.4bCA$85.4bCA$5.0b13.4x30.7x1.8x
Fri, 08 Dec 2023CA$154.9bCA$85.5bCA$5.0b11.9x31x1.8x
Sun, 05 Nov 2023CA$148.5bCA$84.6bCA$5.7b11.4x25.8x1.8x
Tue, 03 Oct 2023CA$141.5bCA$84.1bCA$5.8b10.7x24.3x1.7x
Thu, 31 Aug 2023CA$152.4bCA$84.1bCA$5.9b11.7x26x1.8x
Sat, 29 Jul 2023CA$152.5bCA$83.0bCA$6.9b10.2x22.1x1.8x
Mon, 26 Jun 2023CA$156.3bCA$81.9bCA$7.8b9.4x20.1x1.9x
Wed, 24 May 2023CA$164.8bCA$81.8bCA$7.8b13x21.1x2x
Fri, 21 Apr 2023CA$168.4bCA$80.8bCA$8.0b13.5x21x2.1x
Sun, 19 Mar 2023CA$158.4bCA$81.2bCA$8.1b13.2x19.6x2x
Tue, 14 Feb 2023CA$163.2bCA$81.2bCA$8.3b15.8x19.8x2x
Thu, 12 Jan 2023CA$162.8bCA$80.1bCA$8.7b13.8x18.6x2x
Sat, 10 Dec 2022CA$161.9bCA$80.1bCA$8.7b13.4x18.5x2x
Mon, 07 Nov 2022CA$157.6bCA$79.9bCA$8.4b8.2x18.7x2x
Price to Earnings Ratio

18.7x


Total Market Cap: CA$157.6bTotal Earnings: CA$8.4bTotal Revenue: CA$79.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 25.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Canadian Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 11.9x which is lower than its 3-year average PE of 25.9x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 2.5% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Canadian Telecom sector?

CA Market-0.46%
Telecom-1.22%
Wireless Telecom2.09%
Entertainment2.06%
Media-0.82%
Telecom Services and Carriers-2.50%
Interactive Media and Services-3.10%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 15.3%, which is higher than its past year's earnings decline of 3.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 98% over the next 5 years.
  • This is better than its past earnings decline of 60% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings decline by 39% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RCI.B Rogers CommunicationsCA$55.132.1%
+CA$610.5m		9.0%PE4.4x
QBR.A QuebecorCA$44.501.3%
+CA$125.8m		26.4%PE13.1x
BAMI Blue Ant MediaCA$8.454.4%
+CA$12.4m		n/an/a
SQG Spackman Equities GroupCA$0.2913.5%
+CA$8.9m		n/aPS11.2x
VRTS Vertiqal StudiosCA$0.02525.0%
+CA$3.5m		66.7%PS4x

Latest News

CGO
CA$55.81
Cogeco
7D
-8.8%
1Y
-8.2%
CCA
CA$61.33
Cogeco Communications
7D
-8.7%
1Y
-12.6%
RCI.B
CA$55.13
Rogers Communications
7D
2.1%
1Y
9.0%

Rogers Communications (TSE:RCI.B) Is Paying Out A Dividend Of CA$0.50

Oct 31
Rogers Communications (TSE:RCI.B) Is Paying Out A Dividend Of CA$0.50
BCE
CA$32.35
BCE
7D
-3.1%
1Y
-27.9%
USS
CA$0.64
Uniserve Communications
7D
6.7%
1Y
753.3%
CGX
CA$12.45
Cineplex
7D
-1.6%
1Y
24.5%
ILLM
CA$1.18
illumin Holdings
7D
-9.2%
1Y
-31.4%
QBR.A
CA$44.50
Quebecor
7D
1.3%
1Y
26.4%
VRTS
CA$0.025
Vertiqal Studios
7D
25.0%
1Y
66.7%
PNC.B
CA$0.99
Postmedia Network Canada
7D
-13.9%
1Y
n/a
GOOD
CA$0.23
Good Gamer Entertainment
7D
53.3%
1Y
-58.2%
SQG
CA$0.29
Spackman Equities Group
7D
13.5%
1Y
n/a
T
CA$20.62
TELUS
7D
-2.4%
1Y
-6.3%
DEAL
CA$0.01
Playgon Games
7D
100.0%
1Y
-50.0%
ADYA
CA$0.43
Adya
7D
-50.6%
1Y
1,142.9%
BAMI
CA$8.45
Blue Ant Media
7D
4.4%
1Y
n/a