Narrative Update • May 29
Have your own idea? Try our Stock Screener
- 7D-1.0%
- 3M-3.4%
- 1Y2.5%
- YTD5.4%
The Telecom Services and Carriers industry is up 1.2% in the last week, with TELUS up 0.3%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to decline by 1.4% per year.
Industry Valuation and Performance
Has the Canadian Telecom Services and Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 03 Jun 2026 | CA$78.2b | CA$56.5b | CA$8.5b | 8.7x | 9.2x | 1.4x |
| Fri, 01 May 2026 | CA$71.7b | CA$56.3b | CA$8.7b | 8.4x | 8.3x | 1.3x |
| Sun, 29 Mar 2026 | CA$77.5b | CA$56.4b | CA$8.7b | 9.5x | 8.9x | 1.4x |
| Tue, 24 Feb 2026 | CA$77.6b | CA$56.3b | CA$8.6b | 9.3x | 9x | 1.4x |
| Thu, 22 Jan 2026 | CA$74.9b | CA$56.4b | CA$8.6b | 9.6x | 8.7x | 1.3x |
| Sat, 20 Dec 2025 | CA$71.5b | CA$56.5b | CA$8.6b | 8.6x | 8.3x | 1.3x |
| Mon, 17 Nov 2025 | CA$76.5b | CA$56.5b | CA$8.6b | 8.6x | 8.9x | 1.4x |
| Wed, 15 Oct 2025 | CA$77.3b | CA$56.4b | CA$2.6b | 13x | 29.8x | 1.4x |
| Fri, 12 Sep 2025 | CA$78.4b | CA$56.4b | CA$2.6b | 12.7x | 30.3x | 1.4x |
| Sun, 10 Aug 2025 | CA$77.0b | CA$56.4b | CA$2.6b | 11.2x | 29.7x | 1.4x |
| Tue, 08 Jul 2025 | CA$75.3b | CA$56.3b | CA$2.8b | 12.8x | 27.3x | 1.3x |
| Thu, 05 Jun 2025 | CA$74.7b | CA$56.3b | CA$2.8b | 12x | 27.1x | 1.3x |
| Sat, 03 May 2025 | CA$71.4b | CA$56.3b | CA$2.3b | 11.7x | 31x | 1.3x |
| Mon, 31 Mar 2025 | CA$73.3b | CA$56.2b | CA$2.3b | 11.7x | 31.5x | 1.3x |
| Wed, 26 Feb 2025 | CA$77.6b | CA$56.9b | CA$2.3b | 9.6x | 33.1x | 1.4x |
| Fri, 24 Jan 2025 | CA$72.5b | CA$56.7b | CA$2.2b | 8.8x | 33x | 1.3x |
| Sun, 22 Dec 2024 | CA$72.2b | CA$56.8b | CA$2.2b | 9.4x | 33x | 1.3x |
| Tue, 19 Nov 2024 | CA$78.6b | CA$56.8b | CA$2.2b | 9.5x | 36.2x | 1.4x |
| Thu, 17 Oct 2024 | CA$88.1b | CA$56.9b | CA$3.9b | 10.1x | 22.4x | 1.5x |
| Sat, 14 Sep 2024 | CA$90.2b | CA$56.9b | CA$3.9b | 9.6x | 22.9x | 1.6x |
| Mon, 12 Aug 2024 | CA$88.8b | CA$56.9b | CA$4.0b | 9.4x | 22x | 1.6x |
| Wed, 10 Jul 2024 | CA$80.6b | CA$57.0b | CA$3.7b | 9x | 21.5x | 1.4x |
| Fri, 07 Jun 2024 | CA$87.1b | CA$57.0b | CA$3.7b | 9.3x | 23.3x | 1.5x |
| Sun, 05 May 2024 | CA$85.0b | CA$56.8b | CA$3.8b | 9.8x | 22.3x | 1.5x |
| Tue, 02 Apr 2024 | CA$82.0b | CA$53.9b | CA$3.8b | 10.6x | 21.7x | 1.5x |
| Thu, 29 Feb 2024 | CA$89.8b | CA$54.0b | CA$3.8b | 11.4x | 23.7x | 1.7x |
| Sat, 27 Jan 2024 | CA$94.8b | CA$53.5b | CA$3.9b | 13.2x | 24.4x | 1.8x |
| Mon, 25 Dec 2023 | CA$89.9b | CA$53.5b | CA$3.9b | 12.3x | 23.1x | 1.7x |
| Wed, 22 Nov 2023 | CA$93.6b | CA$53.5b | CA$3.9b | 11.4x | 24x | 1.8x |
| Fri, 20 Oct 2023 | CA$87.9b | CA$52.8b | CA$4.3b | 15.9x | 20.6x | 1.7x |
| Sun, 17 Sep 2023 | CA$93.0b | CA$52.8b | CA$4.3b | 16.6x | 21.8x | 1.8x |
| Tue, 15 Aug 2023 | CA$86.7b | CA$44.9b | CA$3.6b | 25.8x | 24.3x | 1.9x |
| Thu, 13 Jul 2023 | CA$91.0b | CA$44.1b | CA$4.0b | 25.4x | 22.9x | 2.1x |
| Sat, 10 Jun 2023 | CA$93.2b | CA$44.1b | CA$4.0b | 25.3x | 23.5x | 2.1x |
Price to Earnings Ratio
23.5x
Current Industry PE
- Investors are pessimistic on the Canadian Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.2x which is lower than its 3-year average PE of 22.8x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Telecom industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 8.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Telecom industry?
| CA Market | 1.07% | |
| Telecom | 0.28% | |
| Telecom Services and Carriers | -1.01% | |
| Alternative Carriers | 0% | 0 |
| Integrated Telecom Services | -1.01% | |
Industry PE
- Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 22.9x.
- Analysts are expecting annual earnings decline of 1.4%, which is less than its past year's earnings decline of 2.4%.
- Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 22.9x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Integrated Telecom Services industry since they expect its earnings to decline by only 1.4% per year over the next 5 years, which isn't as bad as the other industries.
- This is an improvement from its past earnings decline of 2.4% per year.
- In contrast, the Integrated Telecom Services industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| T TELUS | CA$17.38 | 0.3% +CA$94.4m | -22.8% | PE29.5x | |
| CCA Cogeco Communications | CA$65.67 | 0.9% +CA$24.4m | -4.0% | PE8.7x | |
| TGO TeraGo | CA$1.35 | 3.8% +CA$2.0m | 12.5% | PS2.1x |