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Canadian (TSX) Telecom Sector Analysis

UpdatedApr 21, 2025
DataAggregated Company Financials
Companies37
  • 7D3.8%
  • 3M-4.1%
  • 1Y-19.1%
  • YTD-5.2%

In the last week, the Telecom industry is up 3.8%, with Rogers Communications up 5.5%. Meanwhile, Spackman Equities Group actually underperformed within the industry, shrinking 8.3% in the last week. In the past year, the industry is down 19%. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Apr 2025CA$93.3bCA$79.5bCA$3.6b11.1x25.8x1.2x
Wed, 19 Mar 2025CA$100.2bCA$79.6bCA$3.7b11.2x27.3x1.3x
Fri, 14 Feb 2025CA$98.7bCA$80.5bCA$3.6b10.2x27.5x1.2x
Sun, 12 Jan 2025CA$97.3bCA$79.9bCA$3.3b10.4x29.2x1.2x
Tue, 10 Dec 2024CA$109.4bCA$80.0bCA$3.3b10.9x32.8x1.4x
Thu, 07 Nov 2024CA$110.7bCA$80.3bCA$5.0b11.2x22.1x1.4x
Sat, 05 Oct 2024CA$118.0bCA$80.2bCA$4.4b10x26.8x1.5x
Mon, 02 Sep 2024CA$118.4bCA$80.2bCA$4.4b9.3x26.7x1.5x
Wed, 31 Jul 2024CA$115.7bCA$80.4bCA$4.3b7.7x27.2x1.4x
Fri, 28 Jun 2024CA$110.6bCA$81.8bCA$3.5b8.6x31.3x1.4x
Sun, 26 May 2024CA$115.9bCA$81.8bCA$3.6b9.6x32.3x1.4x
Tue, 23 Apr 2024CA$113.8bCA$81.2bCA$3.9b11.9x28.8x1.4x
Thu, 21 Mar 2024CA$118.9bCA$81.4bCA$4.0b11.1x29.5x1.5x
Sat, 17 Feb 2024CA$126.7bCA$81.1bCA$4.0b11.5x31.3x1.6x
Mon, 15 Jan 2024CA$153.8bCA$85.4bCA$5.0b12.8x30.9x1.8x
Wed, 13 Dec 2023CA$152.5bCA$85.5bCA$5.0b11.8x30.5x1.8x
Fri, 10 Nov 2023CA$146.3bCA$84.6bCA$5.9b12.1x24.8x1.7x
Sun, 08 Oct 2023CA$141.0bCA$84.1bCA$5.8b10.4x24.2x1.7x
Tue, 05 Sep 2023CA$151.1bCA$84.1bCA$5.8b11.8x25.8x1.8x
Thu, 03 Aug 2023CA$149.9bCA$83.1bCA$6.9b10.9x21.7x1.8x
Sat, 01 Jul 2023CA$160.0bCA$81.8bCA$7.3b9.7x22x2x
Mon, 29 May 2023CA$160.9bCA$81.9bCA$7.8b12.8x20.6x2x
Wed, 26 Apr 2023CA$168.5bCA$80.8bCA$8.0b13x21.1x2.1x
Fri, 24 Mar 2023CA$159.8bCA$81.2bCA$8.1b12.9x19.8x2x
Sun, 19 Feb 2023CA$165.5bCA$81.2bCA$8.3b15.1x20.1x2x
Tue, 17 Jan 2023CA$165.7bCA$80.1bCA$8.7b14.6x19.1x2.1x
Thu, 15 Dec 2022CA$160.1bCA$80.1bCA$8.7b13.5x18.3x2x
Sat, 12 Nov 2022CA$160.2bCA$80.3bCA$8.7b9.2x18.3x2x
Mon, 10 Oct 2022CA$148.8bCA$79.1bCA$8.7b7.4x17.2x1.9x
Wed, 07 Sep 2022CA$159.4bCA$79.1bCA$8.7b8.4x18.4x2x
Fri, 05 Aug 2022CA$160.9bCA$77.9bCA$8.2b9.3x19.6x2.1x
Sun, 03 Jul 2022CA$164.5bCA$77.4bCA$8.1b11.5x20.3x2.1x
Tue, 31 May 2022CA$114.3bCA$53.8bCA$5.3b12x21.6x2.1x
Thu, 28 Apr 2022CA$185.0bCA$77.0bCA$8.0b12.3x23.1x2.4x
Price to Earnings Ratio

23.1x


Total Market Cap: CA$185.0bTotal Earnings: CA$8.0bTotal Revenue: CA$77.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 24.8x202320242025
Current Industry PE
  • Investors are relatively neutral on the Canadian Communication Services 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 PE ratio of 24.8x.
  • The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have declined 23% 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 Market2.87%
Telecom3.79%
Wireless Telecom5.50%
Media4.90%
Telecom Services and Carriers3.47%
Interactive Media and Services0.53%
Entertainment-4.69%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 23.9x.
    • Analysts are expecting annual earnings growth of 19.9%, which is higher than its past year's earnings growth of 14.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 102% over the next 5 years.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 14% 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
QBR.A QuebecorCA$37.527.3%
+CA$589.1m		32.2%PE11.6x
RCI.B Rogers CommunicationsCA$35.842.4%
+CA$446.6m		-33.1%PE11.1x
BCE BCECA$30.471.5%
+CA$405.6m		-32.4%PE172.3x
T TELUSCA$20.761.0%
+CA$318.0m		-5.7%PE31.7x
CCA Cogeco CommunicationsCA$65.691.3%
+CA$36.2m		16.6%PE8.4x
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