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Canadian (TSX) Telecom Services and Carriers Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies6
  • 7D1.2%
  • 3M-2.0%
  • 1Y2.4%
  • YTD6.0%

Over the last 7 days, the Telecom Services and Carriers industry has risen 1.2%, driven by gains from every company within the industry. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are forecast to decline by 1.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026CA$78.3bCA$56.5bCA$8.5b8.9x9.2x1.4x
Thu, 30 Apr 2026CA$72.2bCA$56.3bCA$8.7b8.3x8.3x1.3x
Sat, 28 Mar 2026CA$77.8bCA$56.4bCA$8.7b9.5x9x1.4x
Mon, 23 Feb 2026CA$77.6bCA$56.3bCA$8.6b9.3x9x1.4x
Wed, 21 Jan 2026CA$75.4bCA$56.4bCA$8.6b9.6x8.8x1.3x
Fri, 19 Dec 2025CA$71.9bCA$56.5bCA$8.6b8.6x8.4x1.3x
Sun, 16 Nov 2025CA$76.5bCA$56.5bCA$8.6b8.6x8.9x1.4x
Tue, 14 Oct 2025CA$77.3bCA$56.4bCA$2.6b13x29.8x1.4x
Thu, 11 Sep 2025CA$79.4bCA$56.4bCA$2.6b13.2x30.7x1.4x
Sat, 09 Aug 2025CA$76.0bCA$56.4bCA$2.6b11.2x29.4x1.3x
Mon, 07 Jul 2025CA$75.3bCA$56.3bCA$2.8b12.8x27.3x1.3x
Wed, 04 Jun 2025CA$75.2bCA$56.3bCA$2.8b12x27.3x1.3x
Fri, 02 May 2025CA$72.6bCA$56.3bCA$2.3b11.7x31.5x1.3x
Sun, 30 Mar 2025CA$73.3bCA$56.2bCA$2.3b11.7x31.5x1.3x
Tue, 25 Feb 2025CA$77.0bCA$56.9bCA$2.3b9.6x32.8x1.4x
Thu, 23 Jan 2025CA$72.4bCA$56.7bCA$2.2b8.7x33x1.3x
Sat, 21 Dec 2024CA$72.0bCA$56.8bCA$2.2b9.4x32.9x1.3x
Mon, 18 Nov 2024CA$78.2bCA$56.8bCA$2.2b9.6x36x1.4x
Wed, 16 Oct 2024CA$88.0bCA$56.9bCA$3.9b10x22.3x1.5x
Fri, 13 Sep 2024CA$89.2bCA$56.9bCA$3.9b9.6x22.6x1.6x
Sun, 11 Aug 2024CA$88.8bCA$56.9bCA$4.0b9.4x22x1.6x
Tue, 09 Jul 2024CA$80.1bCA$57.0bCA$3.7b9.1x21.4x1.4x
Thu, 06 Jun 2024CA$87.0bCA$57.0bCA$3.7b9.3x23.2x1.5x
Sat, 04 May 2024CA$84.1bCA$56.8bCA$3.8b9.8x22.1x1.5x
Mon, 01 Apr 2024CA$82.0bCA$53.9bCA$3.8b10.6x21.7x1.5x
Wed, 28 Feb 2024CA$89.3bCA$54.0bCA$3.8b11.1x23.6x1.7x
Fri, 26 Jan 2024CA$95.2bCA$53.5bCA$3.9b12.9x24.5x1.8x
Sun, 24 Dec 2023CA$89.9bCA$53.5bCA$3.9b12.3x23.1x1.7x
Tue, 21 Nov 2023CA$93.6bCA$53.5bCA$3.9b11.3x24x1.8x
Thu, 19 Oct 2023CA$87.9bCA$52.8bCA$4.3b15.9x20.6x1.7x
Sat, 16 Sep 2023CA$93.0bCA$52.8bCA$4.3b16.6x21.8x1.8x
Mon, 14 Aug 2023CA$87.3bCA$44.9bCA$3.6b25.9x24.4x1.9x
Wed, 12 Jul 2023CA$90.8bCA$44.1bCA$4.0b25.3x22.9x2.1x
Fri, 09 Jun 2023CA$93.3bCA$44.1bCA$4.0b25.4x23.5x2.1x
Price to Earnings Ratio

23.5x


Total Market Cap: CA$93.3bTotal Earnings: CA$4.0bTotal Revenue: CA$44.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Telecom Services and Carriers Industry Price to Earnings3Y Average 22.8x202420252026
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 9.2x 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-0.35%
Telecom2.21%
Telecom Services and Carriers1.18%
Integrated Telecom Services1.18%
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 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?

CompanyLast Price7D1YValuation
BCE BCECA$34.681.7%
+CA$540.9m		13.6%PE5.1x
T TELUSCA$17.360.3%
+CA$94.4m		-23.2%PE29.4x
QBR.A QuebecorCA$67.050.4%
+CA$56.3m		69.7%PE16.9x
CCA Cogeco CommunicationsCA$65.970.6%
+CA$17.6m		-4.0%PE8.8x
TGO TeraGoCA$1.352.3%
+CA$1.2m		13.4%PS2.1x

Latest News

CCA
CA$65.97
Cogeco Communications
7D
0.6%
1Y
-4.0%
BCE
CA$34.68
BCE
7D
1.7%
1Y
13.6%
Narrative Update • May 29

BCE: Price War Risk Will Define Returns From New Data Center Project

Analysts have inched their average BCE price target higher to about CA$41, pointing to the new 300 MW data center project and updated expectations for revenue growth, margins and P/E as key reasons for the recalibration. Analyst Commentary Recent Street research around BCE has tilted more cautious, even as some firms recalibrate price targets.
T
CA$17.36
TELUS
7D
0.3%
1Y
-23.2%
TGO
CA$1.35
TeraGo
7D
2.3%
1Y
13.4%
QBR.A
CA$67.05
Quebecor
7D
0.4%
1Y
69.7%
CGO
CA$64.99
Cogeco
7D
0.03%
1Y
-0.6%