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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies6
  • 7D0.7%
  • 3M9.2%
  • 1Y6.5%
  • YTD6.3%

In the last week, the Telecom Services and Carriers industry is flat overall, with Adya standing out by going down 14%. The past year has been better, since the industry has gained 3.5% in that time. As for the next few years, earnings are forecast to decline by 2.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026CA$78.2bCA$56.4bCA$8.7b10.1x9x1.4x
Mon, 16 Feb 2026CA$76.8bCA$56.3bCA$8.6b9.3x8.9x1.4x
Wed, 14 Jan 2026CA$75.2bCA$56.5bCA$8.6b8.8x8.8x1.3x
Fri, 12 Dec 2025CA$73.1bCA$56.5bCA$8.6b8.6x8.5x1.3x
Sun, 09 Nov 2025CA$76.7bCA$56.4bCA$8.6b8.5x8.9x1.4x
Tue, 07 Oct 2025CA$77.6bCA$56.4bCA$2.6b13.3x30x1.4x
Thu, 04 Sep 2025CA$79.0bCA$56.4bCA$2.6b11.5x30.5x1.4x
Sat, 02 Aug 2025CA$76.0bCA$56.2bCA$2.8b11.9x27.6x1.4x
Mon, 30 Jun 2025CA$73.5bCA$56.3bCA$2.8b12.3x26.7x1.3x
Wed, 28 May 2025CA$73.1bCA$56.3bCA$2.8b11.4x26.5x1.3x
Fri, 25 Apr 2025CA$71.9bCA$56.3bCA$2.3b11.5x31.2x1.3x
Sun, 23 Mar 2025CA$72.2bCA$56.2bCA$2.3b11.8x31x1.3x
Tue, 18 Feb 2025CA$76.3bCA$56.9bCA$2.3b9.8x33.7x1.3x
Thu, 16 Jan 2025CA$70.7bCA$56.7bCA$2.2b8.9x32.2x1.2x
Sat, 14 Dec 2024CA$77.4bCA$56.8bCA$2.2b9.8x35.3x1.4x
Mon, 11 Nov 2024CA$80.7bCA$56.9bCA$2.2b9.9x37.2x1.4x
Wed, 09 Oct 2024CA$87.4bCA$56.9bCA$3.9b9.8x22.2x1.5x
Fri, 06 Sep 2024CA$89.7bCA$56.9bCA$3.9b9.6x22.8x1.6x
Sun, 04 Aug 2024CA$88.6bCA$56.9bCA$4.0b9.1x22.1x1.6x
Tue, 02 Jul 2024CA$81.1bCA$57.0bCA$3.7b9.1x21.7x1.4x
Thu, 30 May 2024CA$85.0bCA$57.0bCA$3.7b9.3x22.7x1.5x
Sat, 27 Apr 2024CA$83.0bCA$56.9bCA$4.1b9.7x20.1x1.5x
Mon, 25 Mar 2024CA$82.2bCA$54.0bCA$3.8b10.9x21.7x1.5x
Wed, 21 Feb 2024CA$91.0bCA$53.6bCA$3.8b11.5x24.1x1.7x
Fri, 19 Jan 2024CA$96.4bCA$53.5bCA$3.9b12.5x24.8x1.8x
Sun, 17 Dec 2023CA$94.0bCA$53.5bCA$3.9b11.7x24.1x1.8x
Tue, 14 Nov 2023CA$91.7bCA$53.5bCA$3.9b11.4x23.5x1.7x
Thu, 12 Oct 2023CA$89.6bCA$52.8bCA$4.3b16.1x21x1.7x
Sat, 09 Sep 2023CA$92.7bCA$52.8bCA$4.3b16.6x21.7x1.8x
Mon, 07 Aug 2023CA$85.2bCA$44.9bCA$3.4b28.2x24.8x1.9x
Wed, 05 Jul 2023CA$93.2bCA$44.1bCA$4.0b25.9x23.5x2.1x
Fri, 02 Jun 2023CA$93.4bCA$44.1bCA$4.0b25.7x23.5x2.1x
Sun, 30 Apr 2023CA$101.4bCA$43.3bCA$4.3b25.6x23.6x2.3x
Tue, 28 Mar 2023CA$95.0bCA$43.2bCA$4.3b22.3x21.9x2.2x
Price to Earnings Ratio

21.9x


Total Market Cap: CA$95.0bTotal Earnings: CA$4.3bTotal Revenue: CA$43.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 23.8x202420252026
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 9.1x which is lower than its 3-year average PE of 23.8x.
  • The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 9.2% 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-3.75%
Telecom0.074%
Telecom Services and Carriers0.73%
Integrated Telecom Services0.73%
Alternative Carriers0%0
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 23.9x.
    • Analysts are expecting annual earnings decline of 2.4%, which is lower than the prior year's growth of 12.1% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 23.9x.
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 2.4% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 12% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings decline by 2.4% 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$35.431.0%
+CA$317.1m		8.8%PE5.2x
CCA Cogeco CommunicationsCA$74.685.6%
+CA$167.6m		12.0%PE10.1x
T TELUSCA$18.040.2%
+CA$46.8m		-9.8%PE25.3x
CGO CogecoCA$74.124.7%
+CA$31.2m		23.3%PE8.4x
QBR.A QuebecorCA$59.040.07%
+CA$9.0m		54.6%PE15.6x

Latest News

T
CA$18.04
TELUS
7D
0.2%
1Y
-9.8%
CCA
CA$74.68
Cogeco Communications
7D
5.6%
1Y
12.0%
CGO
CA$74.12
Cogeco
7D
4.7%
1Y
23.3%
BCE
CA$35.43
BCE
7D
1.0%
1Y
8.8%

BCE: Fair Outlook Balances 2026 Guidance With Tight Range Rating Revisions

Analysts have inched their average price target on BCE higher to CA$40, with small tweaks to discount rate and P/E assumptions. These adjustments reflect updated views on risk and valuation inputs rather than big shifts in the core earnings outlook.
QBR.A
CA$59.04
Quebecor
7D
0.07%
1Y
54.6%
USS
CA$0.63
Uniserve Communications
7D
-1.6%
1Y
103.2%
ADYA
CA$0.24
Adya
7D
-14.3%
1Y
-17.2%