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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedJan 30, 2025
DataAggregated Company Financials
Companies8
  • 7D2.7%
  • 3M-14.1%
  • 1Y-23.7%
  • YTD2.9%

BCE is up 2.6%, leading the way for the Telecom Services and Carriers industry, which has gained 2.7%. In the past year, the industry is down 24%. Earnings are forecast to grow by 46% annually.

Industry Valuation and Performance

Has the Canadian Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Jan 2025CA$75.0bCA$56.7bCA$2.2b9x34.1x1.3x
Sat, 28 Dec 2024CA$71.0bCA$56.8bCA$2.2b9.4x32.4x1.3x
Mon, 25 Nov 2024CA$77.8bCA$56.8bCA$2.2b9.4x35.5x1.4x
Wed, 23 Oct 2024CA$88.2bCA$56.9bCA$3.9b10.1x22.4x1.6x
Fri, 20 Sep 2024CA$90.5bCA$56.9bCA$3.9b9.7x23x1.6x
Sun, 18 Aug 2024CA$87.2bCA$56.9bCA$3.9b9.3x22.1x1.5x
Tue, 16 Jul 2024CA$82.1bCA$57.0bCA$3.8b8.5x21.7x1.4x
Thu, 13 Jun 2024CA$85.7bCA$57.0bCA$3.7b9.3x22.9x1.5x
Sat, 11 May 2024CA$85.6bCA$57.0bCA$3.7b9.8x22.9x1.5x
Mon, 08 Apr 2024CA$83.4bCA$56.9bCA$4.1b9.4x20.1x1.5x
Wed, 06 Mar 2024CA$88.2bCA$54.0bCA$3.8b11.4x23.3x1.6x
Fri, 02 Feb 2024CA$94.5bCA$53.5bCA$3.9b12.5x24.3x1.8x
Sun, 31 Dec 2023CA$91.2bCA$53.5bCA$3.9b12.6x23.4x1.7x
Tue, 28 Nov 2023CA$92.9bCA$53.5bCA$3.9b11.4x23.8x1.7x
Thu, 26 Oct 2023CA$87.2bCA$52.8bCA$4.3b15.7x20.4x1.7x
Sat, 23 Sep 2023CA$91.1bCA$52.8bCA$4.3b16.2x21.3x1.7x
Mon, 21 Aug 2023CA$84.5bCA$44.9bCA$3.6b25x23.6x1.9x
Wed, 19 Jul 2023CA$87.4bCA$44.1bCA$4.0b23.8x22x2x
Fri, 16 Jun 2023CA$92.6bCA$44.1bCA$4.0b25.4x23.3x2.1x
Sun, 14 May 2023CA$99.3bCA$44.1bCA$4.0b27.7x25x2.3x
Tue, 11 Apr 2023CA$98.5bCA$43.3bCA$4.3b25x22.9x2.3x
Thu, 09 Mar 2023CA$95.0bCA$43.2bCA$4.3b22.3x21.9x2.2x
Sat, 04 Feb 2023CA$97.9bCA$42.5bCA$4.8b20.2x20.3x2.3x
Mon, 02 Jan 2023CA$92.1bCA$42.5bCA$4.8b16x19.1x2.2x
Wed, 30 Nov 2022CA$99.8bCA$42.5bCA$4.8b20.2x20.7x2.4x
Fri, 28 Oct 2022CA$95.8bCA$41.9bCA$4.7b16.9x20.4x2.3x
Sun, 25 Sep 2022CA$97.0bCA$41.9bCA$4.7b14x20.6x2.3x
Tue, 23 Aug 2022CA$102.7bCA$41.9bCA$4.7b15.4x21.8x2.5x
Thu, 21 Jul 2022CA$98.4bCA$41.5bCA$4.7b15.3x20.9x2.4x
Sat, 18 Jun 2022CA$95.1bCA$41.5bCA$4.7b15.8x20.2x2.3x
Mon, 16 May 2022CA$106.6bCA$41.5bCA$4.7b18.4x22.6x2.6x
Wed, 13 Apr 2022CA$113.3bCA$41.1bCA$4.5b24.5x25.5x2.8x
Fri, 11 Mar 2022CA$110.4bCA$41.1bCA$4.7b23.3x23.6x2.7x
Sun, 06 Feb 2022CA$105.3bCA$40.6bCA$4.3b22.4x24.3x2.6x
Price to Earnings Ratio

24.3x


Total Market Cap: CA$105.3bTotal Earnings: CA$4.3bTotal Revenue: CA$40.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 23.2x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.1x which is higher than its 3-year average PE of 23.2x.
  • The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% per year.
  • This means that although more sales are being generated, 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 industry?

CA Market0.048%
Telecom2.49%
Telecom Services and Carriers2.66%
Alternative Carriers3.15%
Integrated Telecom Services2.65%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio of 3.3x.
    • Analysts are expecting annual earnings decline of 109.0%, which is worse than the prior year's decline of 71.0%.
  • Investors are most pessimistic about the Integrated Telecom Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.4x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Alternative Carriers industry is expected to see its earnings decline by 109% 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$34.212.6%
+CA$793.7m		-36.9%PE371.5x
T TELUSCA$20.832.4%
+CA$720.2m		-13.5%PE33.9x
QBR.A QuebecorCA$32.605.5%
+CA$392.5m		-5.9%PE10.6x
TSAT TelesatCA$25.913.1%
+CA$11.1m		90.5%PE7.4x
CGO CogecoCA$53.030.3%
+CA$1.4m		-11.1%PE5.5x
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