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Canadian (TSX) Telecom Sector Analysis

UpdatedAug 23, 2025
DataAggregated Company Financials
Companies34
  • 7D0.7%
  • 3M14.8%
  • 1Y-9.1%
  • YTD10.5%

The Telecom industry has stayed flat over the last week. As for the longer term, the industry has declined 9.1% in the last year. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Aug 2025CA$110.2bCA$79.7bCA$3.8b11.6x29.3x1.4x
Mon, 21 Jul 2025CA$103.4bCA$79.6bCA$4.2b12.5x24.9x1.3x
Wed, 18 Jun 2025CA$97.2bCA$79.6bCA$4.2b10.8x23.4x1.2x
Fri, 16 May 2025CA$94.2bCA$79.6bCA$4.1b9.1x22.9x1.2x
Sun, 13 Apr 2025CA$90.2bCA$79.5bCA$3.6b10.5x24.9x1.1x
Tue, 11 Mar 2025CA$105.4bCA$80.2bCA$3.7b10.5x28.4x1.3x
Thu, 06 Feb 2025CA$100.6bCA$80.0bCA$3.6b11.1x27.9x1.3x
Sat, 04 Jan 2025CA$98.9bCA$79.9bCA$3.3b10.7x29.6x1.2x
Mon, 02 Dec 2024CA$108.3bCA$80.0bCA$3.3b10.8x32.4x1.4x
Wed, 30 Oct 2024CA$117.3bCA$80.3bCA$5.0b11.2x23.3x1.5x
Fri, 27 Sep 2024CA$119.8bCA$80.2bCA$4.4b9.9x27.2x1.5x
Sun, 25 Aug 2024CA$118.3bCA$80.2bCA$4.4b9.4x26.7x1.5x
Tue, 23 Jul 2024CA$113.9bCA$80.4bCA$4.0b7.5x28.7x1.4x
Thu, 20 Jun 2024CA$111.6bCA$81.8bCA$3.5b8.6x31.5x1.4x
Sat, 18 May 2024CA$117.8bCA$81.9bCA$3.6b10.1x32.9x1.4x
Mon, 15 Apr 2024CA$113.3bCA$81.3bCA$3.9b12.5x28.7x1.4x
Wed, 13 Mar 2024CA$124.7bCA$81.4bCA$4.0b11.3x30.9x1.5x
Fri, 09 Feb 2024CA$129.9bCA$81.0bCA$4.2b11.7x31.1x1.6x
Sun, 07 Jan 2024CA$152.5bCA$85.4bCA$5.0b12.8x30.5x1.8x
Tue, 05 Dec 2023CA$152.1bCA$85.4bCA$5.0b11.6x30.4x1.8x
Thu, 02 Nov 2023CA$140.0bCA$84.1bCA$6.2b10.4x22.5x1.7x
Sat, 30 Sep 2023CA$141.0bCA$84.1bCA$5.8b10.6x24.3x1.7x
Mon, 28 Aug 2023CA$148.8bCA$84.1bCA$5.9b10.2x25.4x1.8x
Wed, 26 Jul 2023CA$155.2bCA$81.9bCA$7.2b11.3x21.6x1.9x
Fri, 23 Jun 2023CA$157.3bCA$81.9bCA$7.8b9.4x20.2x1.9x
Sun, 21 May 2023CA$166.7bCA$81.8bCA$7.8b13.4x21.3x2x
Tue, 18 Apr 2023CA$168.2bCA$80.8bCA$8.0b12.8x21x2.1x
Thu, 16 Mar 2023CA$157.8bCA$81.2bCA$8.1b13.2x19.5x1.9x
Sat, 11 Feb 2023CA$162.7bCA$62.9bCA$8.3b15.9x19.7x2.6x
Mon, 09 Jan 2023CA$162.7bCA$80.1bCA$8.7b13.8x18.6x2x
Wed, 07 Dec 2022CA$164.2bCA$80.1bCA$8.7b13.4x18.8x2x
Fri, 04 Nov 2022CA$157.1bCA$79.3bCA$8.3b7.9x19x2x
Sun, 02 Oct 2022CA$149.9bCA$79.1bCA$8.7b8.5x17.3x1.9x
Tue, 30 Aug 2022CA$163.8bCA$79.0bCA$8.7b9.5x18.9x2.1x
Price to Earnings Ratio

18.9x


Total Market Cap: CA$163.8bTotal Earnings: CA$8.7bTotal Revenue: CA$79.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 25.3x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.3x which is higher than its 3-year average PE of 25.3x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 24% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

CA Market1.65%
Telecom0.66%
Entertainment1.92%
Wireless Telecom1.07%
Telecom Services and Carriers0.54%
Interactive Media and Services0.13%
Media-2.09%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 24.6x.
    • 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 Entertainment industry, expecting annual earnings growth of 100% over the next 5 years.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 15% 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
T TELUSCA$22.941.3%
+CA$445.2m		5.6%PE36.5x
RCI.B Rogers CommunicationsCA$49.301.1%
+CA$280.9m		-10.7%PE17.5x
QBR.A QuebecorCA$40.991.3%
+CA$119.3m		21.1%PE12.1x
WILD WildBrainCA$1.897.4%
+CA$27.6m		50.0%PS0.8x
SQG Spackman Equities GroupCA$0.693.0%
+CA$5.1m		n/aPS30.6x

Latest News

SPN
CA$0.06
Snipp Interactive
7D
-20.0%
1Y
-14.3%
RAY.A
CA$9.92
Stingray Group
7D
-0.8%
1Y
24.8%
RCI.B
CA$49.30
Rogers Communications
7D
1.1%
1Y
-10.7%

Rogers Communications (TSE:RCI.B) Has Affirmed Its Dividend Of CA$0.50

Aug 22
Rogers Communications (TSE:RCI.B) Has Affirmed Its Dividend Of CA$0.50
EAGR
CA$0.44
East Side Games Group
7D
-8.3%
1Y
-45.7%
CGX
CA$10.72
Cineplex
7D
0.3%
1Y
0.6%
BAMI
CA$7.95
Blue Ant Media
7D
-10.4%
1Y
n/a
QBR.A
CA$40.99
Quebecor
7D
1.3%
1Y
21.1%
BCE
CA$35.24
BCE
7D
-0.4%
1Y
-25.4%
T
CA$22.94
TELUS
7D
1.3%
1Y
5.6%

Statutory Profit Doesn't Reflect How Good TELUS' (TSE:T) Earnings Are

Aug 08
Statutory Profit Doesn't Reflect How Good TELUS' (TSE:T) Earnings Are
WILD
CA$1.89
WildBrain
7D
7.4%
1Y
50.0%

We Think WildBrain (TSE:WILD) Is Taking Some Risk With Its Debt

Aug 08
We Think WildBrain (TSE:WILD) Is Taking Some Risk With Its Debt
TVA.B
CA$0.68
TVA Group
7D
-10.5%
1Y
-41.4%
CGO
CA$58.54
Cogeco
7D
-1.6%
1Y
5.2%
INIK
CA$0.10
Ionik
7D
-23.1%
1Y
-16.7%
SQG
CA$0.69
Spackman Equities Group
7D
3.0%
1Y
n/a
KEEK
CA$0.055
Personas Social
7D
22.2%
1Y
10.0%
ESE
CA$0.085
ESE Entertainment
7D
41.7%
1Y
13.3%