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Canadian (TSX) Telecom Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies34
  • 7D-1.1%
  • 3M10.9%
  • 1Y-12.3%
  • YTD8.3%

Over the last 7 days, the Telecom industry has dropped 1.1%, driven by TELUS declining 2.6%. The industry has fallen 12% in the last year. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Sep 2025CA$107.3bCA$79.7bCA$3.8b11.6x28.5x1.3x
Wed, 13 Aug 2025CA$104.8bCA$79.7bCA$3.8b11.1x27.4x1.3x
Fri, 11 Jul 2025CA$104.0bCA$79.6bCA$4.2b12.6x25.1x1.3x
Sun, 08 Jun 2025CA$96.3bCA$79.6bCA$4.1b11.1x23.5x1.2x
Tue, 06 May 2025CA$92.3bCA$79.6bCA$3.7b10.7x25.3x1.2x
Thu, 03 Apr 2025CA$95.7bCA$79.5bCA$3.6b11.2x26.3x1.2x
Sat, 01 Mar 2025CA$101.9bCA$80.2bCA$3.7b10.6x27.5x1.3x
Mon, 27 Jan 2025CA$97.4bCA$79.9bCA$3.3b10.8x29.1x1.2x
Wed, 25 Dec 2024CA$97.9bCA$79.9bCA$3.3b10.1x29.3x1.2x
Fri, 22 Nov 2024CA$107.1bCA$80.0bCA$3.3b10.6x32.1x1.3x
Sun, 20 Oct 2024CA$119.4bCA$80.2bCA$4.4b11x27x1.5x
Tue, 17 Sep 2024CA$121.9bCA$80.2bCA$4.4b9.8x27.4x1.5x
Thu, 15 Aug 2024CA$118.9bCA$80.3bCA$4.5b9.3x26.3x1.5x
Sat, 13 Jul 2024CA$110.2bCA$81.8bCA$3.5b6.7x31.1x1.3x
Mon, 10 Jun 2024CA$117.7bCA$81.8bCA$3.6b8.9x32.8x1.4x
Wed, 08 May 2024CA$115.8bCA$81.8bCA$3.6b10.3x31.8x1.4x
Fri, 05 Apr 2024CA$114.0bCA$81.3bCA$4.0b12.4x28.8x1.4x
Sun, 03 Mar 2024CA$126.5bCA$81.4bCA$4.0b11.4x31.3x1.6x
Tue, 30 Jan 2024CA$154.3bCA$85.4bCA$5.0b14.9x31.1x1.8x
Thu, 28 Dec 2023CA$148.1bCA$85.4bCA$5.0b12.7x29.6x1.7x
Sat, 25 Nov 2023CA$149.1bCA$85.4bCA$5.0b12.3x29.8x1.7x
Mon, 23 Oct 2023CA$138.7bCA$84.1bCA$5.8b10.5x23.8x1.6x
Wed, 20 Sep 2023CA$147.2bCA$84.1bCA$5.8b11.3x25.4x1.8x
Fri, 18 Aug 2023CA$148.9bCA$84.1bCA$5.9b10.1x25.4x1.8x
Sun, 16 Jul 2023CA$155.2bCA$81.9bCA$7.2b11.3x21.6x1.9x
Tue, 13 Jun 2023CA$158.8bCA$81.9bCA$7.8b9.6x20.4x1.9x
Thu, 11 May 2023CA$167.1bCA$82.0bCA$7.8b12.8x21.5x2x
Sat, 08 Apr 2023CA$166.3bCA$80.9bCA$8.0b12.9x20.7x2.1x
Mon, 06 Mar 2023CA$162.3bCA$81.2bCA$8.2b13.9x19.7x2x
Wed, 01 Feb 2023CA$166.8bCA$80.1bCA$8.7b14.9x19.3x2.1x
Fri, 30 Dec 2022CA$156.1bCA$80.1bCA$8.7b13.5x17.9x1.9x
Sun, 27 Nov 2022CA$163.9bCA$80.1bCA$8.8b11.1x18.6x2x
Tue, 25 Oct 2022CA$150.4bCA$79.1bCA$8.3b7.6x18.1x1.9x
Thu, 22 Sep 2022CA$156.6bCA$79.1bCA$8.7b8.6x18x2x
Price to Earnings Ratio

18x


Total Market Cap: CA$156.6bTotal Earnings: CA$8.7bTotal Revenue: CA$79.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Sector Price to Earnings3Y Average 25.5x202320242025
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 28.5x which is higher than its 3-year average PE of 25.5x.
  • 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 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 Market1.06%
Telecom-1.07%
Media0.47%
Wireless Telecom0.34%
Interactive Media and Services-0.90%
Telecom Services and Carriers-1.50%
Entertainment-6.36%
Industry PE
  • Investors are most optimistic about the Telecom Services and Carriers industry which is trading above its 3-year average PE ratio of 24.8x.
    • Analysts are expecting annual earnings growth of 14.9%, 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 Telecom Services and Carriers 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
RCI.B Rogers CommunicationsCA$49.530.3%
+CA$91.8m		-10.9%PE17.6x
CCA Cogeco CommunicationsCA$65.751.7%
+CA$46.7m		-2.9%PE8.5x
RAY.A Stingray GroupCA$10.201.3%
+CA$8.8m		37.1%PE15x
CGO CogecoCA$61.801.2%
+CA$6.9m		11.3%PE6.7x
RSS RESAAS ServicesCA$0.4113.7%
+CA$4.0m		23.9%PS66.5x

Latest News

RAY.A
CA$10.20
Stingray Group
7D
1.3%
1Y
37.1%
T
CA$22.10
TELUS
7D
-2.6%
1Y
-4.0%
BCE
CA$33.46
BCE
7D
-0.6%
1Y
-28.4%
CGX
CA$11.98
Cineplex
7D
-1.6%
1Y
11.6%

Premium Cinema Demand And Digital Media Will Drive Transformation

Key Takeaways Growing demand for premium experiences and recurring memberships is driving higher per-patron spending and supporting revenue stability. Diversification into digital media and location-based entertainment reduces box office reliance and supports long-term earnings growth.
RCI.B
CA$49.53
Rogers Communications
7D
0.3%
1Y
-10.9%

Is Rogers Communications (TSE:RCI.B) Using Too Much Debt?

Sep 06
Is Rogers Communications (TSE:RCI.B) Using Too Much Debt?
ESE
CA$0.08
ESE Entertainment
7D
14.3%
1Y
-27.3%
QBR.A
CA$43.06
Quebecor
7D
-2.0%
1Y
23.0%

Does Quebecor (TSE:QBR.A) Deserve A Spot On Your Watchlist?

Aug 31
Does Quebecor (TSE:QBR.A) Deserve A Spot On Your Watchlist?
SQG
CA$0.57
Spackman Equities Group
7D
-16.2%
1Y
n/a
QYOU
CA$0.035
QYOU Media
7D
16.7%
1Y
-12.5%
RSS
CA$0.41
RESAAS Services
7D
13.7%
1Y
23.9%
INIK
CA$0.11
Ionik
7D
-15.4%
1Y
-35.3%
EQ
CA$0.97
EQ
7D
2.1%
1Y
-11.8%
BAMI
CA$7.05
Blue Ant Media
7D
-7.2%
1Y
n/a
WILD
CA$1.96
WildBrain
7D
-2.5%
1Y
46.3%

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
CGO
CA$61.80
Cogeco
7D
1.2%
1Y
11.3%
CCA
CA$65.75
Cogeco Communications
7D
1.7%
1Y
-2.9%