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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedJul 25, 2025
DataAggregated Company Financials
Companies5
  • 7D0.3%
  • 3M9.8%
  • 1Y-9.1%
  • YTD8.8%

In the last week, Telecom Services and Carriers has been flat. As for the longer term, the industry has declined 9.1% in the last year. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 25 Jul 2025CA$77.9bCA$56.2bCA$2.8b12.7x28.2x1.4x
Sun, 22 Jun 2025CA$73.8bCA$56.3bCA$2.8b12.1x26.8x1.3x
Tue, 20 May 2025CA$73.7bCA$56.3bCA$2.8b11.7x26.7x1.3x
Thu, 17 Apr 2025CA$69.8bCA$56.3bCA$2.3b11.3x30.3x1.2x
Sat, 15 Mar 2025CA$78.7bCA$56.9bCA$2.4b10.8x33.1x1.4x
Mon, 10 Feb 2025CA$72.0bCA$56.7bCA$2.2b9.5x32.8x1.3x
Wed, 08 Jan 2025CA$73.6bCA$56.8bCA$2.2b9.8x33.6x1.3x
Fri, 06 Dec 2024CA$80.0bCA$56.8bCA$2.2b10.3x36.5x1.4x
Sun, 03 Nov 2024CA$86.1bCA$56.9bCA$3.9b9.9x21.9x1.5x
Tue, 01 Oct 2024CA$89.9bCA$56.9bCA$3.9b10.1x22.8x1.6x
Thu, 29 Aug 2024CA$87.4bCA$56.9bCA$3.9b9.3x22.2x1.5x
Sat, 27 Jul 2024CA$85.0bCA$57.0bCA$3.8b9.1x22.5x1.5x
Mon, 24 Jun 2024CA$82.8bCA$57.0bCA$3.7b9.3x22.1x1.5x
Wed, 22 May 2024CA$86.7bCA$57.0bCA$3.7b9.6x23.1x1.5x
Fri, 19 Apr 2024CA$82.5bCA$56.9bCA$4.1b9.8x20x1.5x
Sun, 17 Mar 2024CA$84.1bCA$54.0bCA$3.8b11.3x22.2x1.6x
Tue, 13 Feb 2024CA$90.3bCA$53.6bCA$3.8b12.2x23.9x1.7x
Thu, 11 Jan 2024CA$94.4bCA$53.5bCA$3.9b12.8x24.2x1.8x
Sat, 09 Dec 2023CA$97.1bCA$53.5bCA$3.9b11.9x24.9x1.8x
Mon, 06 Nov 2023CA$93.8bCA$53.3bCA$3.8b12.2x24.6x1.8x
Wed, 04 Oct 2023CA$85.3bCA$52.8bCA$4.3b15.6x20x1.6x
Fri, 01 Sep 2023CA$88.0bCA$44.9bCA$3.6b26x24.6x2x
Sun, 30 Jul 2023CA$87.3bCA$44.1bCA$4.0b23.6x22x2x
Tue, 27 Jun 2023CA$90.9bCA$44.1bCA$4.0b25.2x22.9x2.1x
Thu, 25 May 2023CA$96.2bCA$44.1bCA$4.0b26.8x24.2x2.2x
Sat, 22 Apr 2023CA$100.8bCA$43.3bCA$4.3b25.6x23.5x2.3x
Mon, 20 Mar 2023CA$93.7bCA$43.2bCA$4.3b22x21.6x2.2x
Wed, 15 Feb 2023CA$95.6bCA$43.2bCA$4.3b22.4x22.1x2.2x
Fri, 13 Jan 2023CA$97.0bCA$42.5bCA$4.8b19.1x20.1x2.3x
Sun, 11 Dec 2022CA$98.4bCA$42.5bCA$4.8b16.7x20.4x2.3x
Tue, 08 Nov 2022CA$97.9bCA$42.6bCA$4.8b20.1x20.3x2.3x
Thu, 06 Oct 2022CA$95.5bCA$41.9bCA$4.7b18.3x20.3x2.3x
Sat, 03 Sep 2022CA$100.9bCA$41.9bCA$4.7b15.1x21.5x2.4x
Mon, 01 Aug 2022CA$100.6bCA$41.5bCA$4.7b15x21.3x2.4x
Price to Earnings Ratio

21.3x


Total Market Cap: CA$100.6bTotal Earnings: CA$4.7bTotal Revenue: CA$41.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 24.3x202320242025
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 28.2x which is higher than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 16% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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 Market0.20%
Telecom0.93%
Telecom Services and Carriers0.33%
Integrated Telecom Services0.33%
Alternative Carriers0%0
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 24.5x.
    • Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings decline of 3.8% per year.
  • 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 24.5x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 3.8% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 19% 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$33.340.7%
+CA$202.8m		-27.3%PE78.6x
T TELUSCA$22.550.2%
+CA$61.0m		3.0%PE29x
USS Uniserve CommunicationsCA$0.486.7%
+CA$835.2k		n/aPS1.9x
ADYA AdyaCA$0.299.3%
+CA$590.3k		490.0%PS4.2x

Latest News

CGO
CA$62.56
Cogeco
7D
-0.6%
1Y
15.8%
CCA
CA$66.32
Cogeco Communications
7D
-0.2%
1Y
6.5%
USS
CA$0.48
Uniserve Communications
7D
6.7%
1Y
n/a
BCE
CA$33.34
BCE
7D
0.7%
1Y
-27.3%

We Think BCE (TSE:BCE) Is Taking Some Risk With Its Debt

Jul 14
We Think BCE (TSE:BCE) Is Taking Some Risk With Its Debt
T
CA$22.55
TELUS
7D
0.2%
1Y
3.0%
ADYA
CA$0.29
Adya
7D
9.3%
1Y
490.0%
TGO
CA$1.23
TeraGo
7D
-6.8%
1Y
-35.3%