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Canadian (TSX) Telecom Sector Analysis

UpdatedJul 08, 2025
DataAggregated Company Financials
Companies34
  • 7D4.6%
  • 3M14.4%
  • 1Y-6.9%
  • YTD4.4%

BCE is up 8.2%, leading the way for the Telecom industry, which has gained 4.6%. In the past year, the industry is down 6.9%. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 09 Jul 2025CA$102.6bCA$79.6bCA$4.2b12.4x24.7x1.3x
Fri, 06 Jun 2025CA$96.9bCA$79.6bCA$4.1b11.1x23.6x1.2x
Sun, 04 May 2025CA$92.3bCA$79.6bCA$3.7b10.8x25.3x1.2x
Tue, 01 Apr 2025CA$97.0bCA$79.5bCA$3.7b11.7x26x1.2x
Thu, 27 Feb 2025CA$102.7bCA$80.2bCA$3.7b10.4x27.9x1.3x
Sat, 25 Jan 2025CA$97.8bCA$79.9bCA$3.3b10.8x29.2x1.2x
Mon, 23 Dec 2024CA$98.5bCA$79.9bCA$3.3b10.6x29.5x1.2x
Wed, 20 Nov 2024CA$107.5bCA$80.0bCA$3.3b10.7x32.5x1.3x
Fri, 18 Oct 2024CA$118.4bCA$80.2bCA$4.4b11.4x26.8x1.5x
Sun, 15 Sep 2024CA$121.9bCA$80.2bCA$4.4b9.6x27.4x1.5x
Tue, 13 Aug 2024CA$119.9bCA$80.3bCA$4.5b9.4x26.5x1.5x
Thu, 11 Jul 2024CA$108.9bCA$81.8bCA$3.5b8.5x30.9x1.3x
Sat, 08 Jun 2024CA$118.2bCA$81.8bCA$3.6b8.9x32.9x1.4x
Mon, 06 May 2024CA$115.4bCA$81.8bCA$3.6b10.1x31.7x1.4x
Wed, 03 Apr 2024CA$116.2bCA$81.3bCA$4.0b12.7x29.4x1.4x
Fri, 01 Mar 2024CA$126.3bCA$81.4bCA$4.0b11.4x31.3x1.6x
Sun, 28 Jan 2024CA$154.3bCA$85.4bCA$5.0b14.9x31.1x1.8x
Tue, 26 Dec 2023CA$147.5bCA$85.4bCA$5.0b12.3x29.5x1.7x
Thu, 23 Nov 2023CA$149.8bCA$85.4bCA$5.0b15.8x29.9x1.8x
Sat, 21 Oct 2023CA$138.6bCA$84.1bCA$5.8b10.5x23.8x1.6x
Mon, 18 Sep 2023CA$148.7bCA$84.1bCA$5.8b11.2x25.6x1.8x
Wed, 16 Aug 2023CA$149.3bCA$84.1bCA$5.9b10.1x25.5x1.8x
Fri, 14 Jul 2023CA$157.7bCA$81.8bCA$7.3b9.7x21.7x1.9x
Sun, 11 Jun 2023CA$158.4bCA$81.9bCA$7.8b9.6x20.3x1.9x
Tue, 09 May 2023CA$167.1bCA$81.9bCA$7.8b13x21.5x2x
Thu, 06 Apr 2023CA$166.6bCA$80.9bCA$8.0b12.9x20.7x2.1x
Sat, 04 Mar 2023CA$162.3bCA$81.2bCA$8.2b13.9x19.7x2x
Mon, 30 Jan 2023CA$166.1bCA$80.1bCA$8.7b14.6x19.2x2.1x
Wed, 28 Dec 2022CA$156.8bCA$80.1bCA$8.7b13.6x17.9x2x
Fri, 25 Nov 2022CA$162.6bCA$80.1bCA$8.8b10.1x18.5x2x
Sun, 23 Oct 2022CA$150.4bCA$79.1bCA$8.3b7.6x18.1x1.9x
Tue, 20 Sep 2022CA$158.3bCA$79.1bCA$8.7b8.6x18.2x2x
Thu, 18 Aug 2022CA$166.5bCA$79.0bCA$8.7b9.4x19.2x2.1x
Sat, 16 Jul 2022CA$161.2bCA$77.6bCA$8.1b10.6x19.9x2.1x
Price to Earnings Ratio

19.9x


Total Market Cap: CA$161.2bTotal Earnings: CA$8.1bTotal Revenue: CA$77.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 25x202320242025
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 25.0x.
  • The 3-year average PS ratio of 1.7x 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 declined 20% 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 Market0.62%
Telecom4.59%
Wireless Telecom7.80%
Telecom Services and Carriers3.69%
Media2.05%
Entertainment1.87%
Interactive Media and Services-0.85%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 24.2x.
    • Analysts are expecting annual earnings growth of 19.1%, which is higher than its past year's earnings growth of 8.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 93% over the next 5 years.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 12% 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
BCE BCECA$32.698.2%
+CA$2.3b		-24.0%PE77.1x
RCI.B Rogers CommunicationsCA$44.159.3%
+CA$2.0b		-11.2%PE13.5x
T TELUSCA$22.623.4%
+CA$1.1b		7.5%PE29.1x
QBR.A QuebecorCA$42.524.0%
+CA$374.8m		47.4%PE12.8x
CCA Cogeco CommunicationsCA$72.231.7%
+CA$49.7m		40.9%PE9.3x

Latest News

TVA.B
CA$0.63
TVA Group
7D
-16.0%
1Y
-43.2%
RAY.A
CA$10.01
Stingray Group
7D
-0.7%
1Y
34.5%
BCE
CA$32.69
BCE
7D
8.2%
1Y
-24.0%
RCI.B
CA$44.15
Rogers Communications
7D
9.3%
1Y
-11.2%
ESE
CA$0.035
ESE Entertainment
7D
-12.5%
1Y
-63.2%
FORA
CA$4.02
VerticalScope Holdings
7D
-10.1%
1Y
-55.7%
EAGR
CA$0.46
East Side Games Group
7D
-8.0%
1Y
-44.6%
QBR.A
CA$42.52
Quebecor
7D
4.0%
1Y
47.4%

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CGX
CA$11.41
Cineplex
7D
-1.6%
1Y
32.5%
T
CA$22.62
TELUS
7D
3.4%
1Y
7.5%
INIK
CA$0.15
Ionik
7D
20.0%
1Y
3.4%

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CGO
CA$68.63
Cogeco
7D
2.1%
1Y
44.5%
CCA
CA$72.23
Cogeco Communications
7D
1.7%
1Y
40.9%
RSS
CA$0.36
RESAAS Services
7D
-6.5%
1Y
33.3%
ICGH
CA$0.78
IC Group Holdings
7D
44.4%
1Y
n/a
Y
CA$11.30
Yellow Pages
7D
-0.9%
1Y
19.6%

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