BCE (BCE) Stock Analysis

November 11, 2026

This is a peer-relative look at BCE (BCE): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Telecommunication Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for BCE (BCE)
Profile Item	BCE
Name	BCE Inc.
Country/Region	Canada
GICS Sector	Communication Services
GICS Industry Group	Telecommunication Services
GICS Industry	Diversified Telecommunication Services
GICS Sub-Industry	Integrated Telecommunication Services
Market Capitalization	20.16 billion USD
Currency	USD
Exchange	NYSE
Listing Date	November 15, 1982
Security Type	Common Stock

Price Performance

Cumulative Growth

BCE

GSPC

BCE (BCE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for BCE (BCE) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BCE (BCE) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

BCE (BCE) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: BCE	Industry group median
Total Return (1Y)	-3.05%	-0.39%
Total Return (3Y, Annualized)	-11.78%	16.26%
Total Return (5Y, Annualized)	-10.24%	2.38%

Risk Profile

Drawdown History

BCE

GSPC

BCE (BCE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for BCE (BCE) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

BCE (BCE) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: BCE	Industry group median
Volatility (1Y, Annualized)	21.92%	41.04%
Beta (5Y)	0.52	0.68
Max Drawdown (5Y)	-56.57%	-57.78%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. BCE is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

BCE (BCE) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: BCE	Industry group median
Sharpe Ratio (1Y)	-0.33	-0.17
Sortino Ratio (1Y)	-0.47	-0.24

Profitability

ROE (TTM)

BCE (BCE) posts ROE of 11.13%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

BCE

Telecommunication Services industry group

11.13%

Group distribution

Max: 31.74%
Q3: 17.02%
BCE: 11.13%
Median: 7.32%
Q1: -5.16%
Min: -20.26%

Largest peers

AMX: 20.98%
TMUS: 19.35%
VZ: 15.79%
T: 11.61%
CHT: 11.37%
BCE: 11.13%
SPCX: --

Where BCE (BCE) stands on ROE within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

BCE (BCE) keeps 10.23% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

BCE

Telecommunication Services industry group

10.23%

Group distribution

Max: 30.45%
Q3: 11.78%
BCE: 10.23%
Median: 7.20%
Q1: -3.86%
Min: -18.49%

Largest peers

CHT: 16.61%
TMUS: 12.05%
VZ: 11.78%
BCE: 10.23%
T: 10.19%
AMX: 9.36%
SPCX: -8.61%

Where BCE (BCE) stands on net margin within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

BCE (BCE) turns 23.89% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

BCE

Telecommunication Services industry group

23.89%

Group distribution

Max: 35.53%
BCE: 23.89%
Q3: 22.79%
Median: 12.87%
Q1: 0.82%
Min: -29.20%

Largest peers

SPCX: 27.58%
VZ: 25.11%
TMUS: 24.75%
T: 24.65%
BCE: 23.89%
AMX: 22.79%
CHT: 22.75%

Where BCE (BCE) stands on operating margin within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

BCE (BCE) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: BCE	Industry group median
ROE (TTM)	11.13%	7.32%
ROA (TTM)	4.22%	3.12%
Net Margin (TTM)	10.23%	7.20%
Operating Margin (TTM)	23.89%	12.87%
Gross Margin (TTM)	44.92%	59.09%

Growth

Revenue Growth

BCE (BCE) grew revenue 0.24%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

BCE (BCE): Revenue Growth across different time periods, set against Telecommunication Services industry-group medians.

EPS Growth

BCE (BCE) grew earnings per share 3,672.22%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

BCE (BCE): EPS Growth across different time periods, set against Telecommunication Services industry-group medians.

Growth Metrics

BCE (BCE) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: BCE	Industry group median
Revenue Growth (YoY)	0.24%	5.16%
Revenue Growth (3Y CAGR)	0.40%	3.41%
EPS Growth (YoY)	3,672.22%	-1.93%
EPS Growth (3Y CAGR)	31.59%	16.50%

Financial Strength

Current Ratio (MRQ)

BCE (BCE) has current ratio of 0.62, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

BCE

Telecommunication Services industry group

0.62

Group distribution

Max: 2.85
Q3: 1.64
Median: 0.97
Q1: 0.78
BCE: 0.62
Min: 0.26

Largest peers

SPCX: 3.08
CHT: 1.36
TMUS: 0.91
T: 0.87
AMX: 0.75
VZ: 0.63
BCE: 0.62

Where BCE (BCE) stands on current ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

BCE (BCE) has debt-to-equity ratio of 1.70, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

BCE

Telecommunication Services industry group

1.70

Group distribution

Max: 3.94
Q3: 2.11
BCE: 1.70
Median: 1.32
Q1: 0.65
Min: 0.00

Largest peers

TMUS: 2.11
VZ: 1.82
BCE: 1.70
AMX: 1.50
T: 1.45
SPCX: 0.22
CHT: 0.07

Where BCE (BCE) stands on debt-to-equity ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

BCE (BCE) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: BCE	Industry group median
Current Ratio (MRQ)	0.62	0.97
Debt / Equity (MRQ)	1.70	1.32
Net Debt / EBITDA	4.67	3.56

Dividends

Dividend Yield (TTM)

BCE (BCE) has dividend yield of 7.94%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

BCE

Telecommunication Services industry group

7.94%

Group distribution

BCE: 7.94%
Max: 6.10%
Q3: 2.63%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

BCE: 7.94%
VZ: 6.10%
T: 5.09%
TMUS: 2.63%
AMX: 2.15%
SPCX: 0.00%
CHT: 0.00%

Where BCE (BCE) stands on dividend yield within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

BCE (BCE) has payout ratio of 68.09%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

BCE

Telecommunication Services industry group

68.09%

Group distribution

Max: 121.72%
Q3: 68.18%
BCE: 68.09%
Median: 4.06%
Q1: 0.00%
Min: 0.00%

Largest peers

VZ: 71.75%
BCE: 68.09%
T: 59.36%
TMUS: 39.34%
AMX: 36.38%
SPCX: 0.00%
CHT: 0.00%

Where BCE (BCE) stands on payout ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

BCE (BCE) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: BCE	Industry group median
Dividend Yield (TTM)	7.94%	0.00%
Dividend Payout Ratio (TTM)	68.09%	4.06%

Valuation

P/E Ratio (TTM)

BCE (BCE) trades at P/E ratio of 11.69, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

BCE

Telecommunication Services industry group

11.69

Group distribution

Max: 30.40
Q3: 23.75
Median: 13.30
BCE: 11.69
Q1: 8.65
Min: 2.50

Largest peers

SPCX: 583.78
CHT: 30.40
TMUS: 15.62
AMX: 14.95
BCE: 11.69
VZ: 11.66
T: 11.57

Where BCE (BCE) stands on P/E ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

BCE (BCE) trades at 0.81 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

BCE

Telecommunication Services industry group

0.81

Group distribution

Max: 3.01
Q3: 1.73
BCE: 0.81
Median: 0.81
Q1: 0.36
Min: 0.00

Largest peers

SPCX: 56.91
TMUS: 1.83
VZ: 1.36
T: 1.13
BCE: 0.81
CHT: 0.15
AMX: 0.08

Where BCE (BCE) stands on P/S ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

BCE (BCE) trades at 1.35 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

BCE

Telecommunication Services industry group

1.35

Group distribution

Max: 8.10
Q3: 3.98
Median: 1.53
BCE: 1.35
Q1: 0.65
Min: -2.39

Largest peers

CHT: 13.30
SPCX: 10.31
AMX: 3.57
TMUS: 3.06
VZ: 1.79
T: 1.37
BCE: 1.35

Where BCE (BCE) stands on P/B ratio within its Telecommunication Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

BCE (BCE) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: BCE	Industry group median
P/E Ratio (TTM)	11.69	13.30
P/S Ratio (TTM)	0.81	0.81
P/B Ratio (MRQ)	1.35	1.53
Free Cash Flow Yield (TTM)	11.99%	10.87%