TELUS (TU) Stock Analysis

November 11, 2026

This is a peer-relative look at TELUS (TU): 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 TELUS (TU)
Profile Item	TU
Name	TELUS Corporation
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	14.48 billion USD
Currency	USD
Exchange	NYSE
Listing Date	June 11, 1996
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

TELUS (TU) 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 TELUS (TU) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

TELUS (TU) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: TU	Industry group median
Total Return (1Y)	-35.23%	-0.39%
Total Return (3Y, Annualized)	-14.45%	16.26%
Total Return (5Y, Annualized)	-12.69%	2.38%

Risk Profile

Drawdown History

GSPC

TELUS (TU) 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 TELUS (TU) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

TELUS (TU) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: TU	Industry group median
Volatility (1Y, Annualized)	26.11%	41.04%
Beta (5Y)	0.62	0.68
Max Drawdown (5Y)	-63.49%	-57.78%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. TU 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

TELUS (TU) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: TU	Industry group median
Sharpe Ratio (1Y)	-1.51	-0.17
Sortino Ratio (1Y)	-1.88	-0.24

Profitability

ROE (TTM)

TELUS (TU) has negative ROE of -6.39%. That can come from trailing losses or negative book equity, so it is a warning state rather than a clean capital-efficiency measure.

TU

Telecommunication Services industry group

-6.39%

Group distribution

Max: 31.74%
Q3: 17.02%
Median: 7.32%
Q1: -5.16%
TU: -6.39%
Min: -20.26%

Largest peers

AMX: 20.98%
TMUS: 19.35%
VZ: 15.79%
T: 11.61%
CHT: 11.37%
TU: -6.39%
SPCX: --

Where TELUS (TU) 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)

TELUS (TU) has negative net margin of -4.55%. The trailing period ended in a net loss, so the bottom-line conversion read is a warning rather than a profitability strength.

TU

Telecommunication Services industry group

-4.55%

Group distribution

Max: 30.45%
Q3: 11.78%
Median: 7.20%
Q1: -3.86%
TU: -4.55%
Min: -18.49%

Largest peers

CHT: 16.61%
TMUS: 12.05%
VZ: 11.78%
T: 10.19%
AMX: 9.36%
TU: -4.55%
SPCX: -8.61%

Where TELUS (TU) 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)

TELUS (TU) turns 15.08% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

TU

Telecommunication Services industry group

15.08%

Group distribution

Max: 35.53%
Q3: 22.79%
TU: 15.08%
Median: 12.87%
Q1: 0.82%
Min: -29.20%

Largest peers

SPCX: 27.58%
VZ: 25.11%
TMUS: 24.75%
T: 24.65%
AMX: 22.79%
CHT: 22.75%
TU: 15.08%

Where TELUS (TU) 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

TELUS (TU) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: TU	Industry group median
ROE (TTM)	-6.39%	7.32%
ROA (TTM)	3.41%	3.12%
Net Margin (TTM)	-4.55%	7.20%
Operating Margin (TTM)	15.08%	12.87%
Gross Margin (TTM)	35.63%	59.09%

Growth

Revenue Growth

TELUS (TU) grew revenue 1.03%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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

EPS Growth

TELUS (TU) grew earnings per share 7.46%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

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

Growth Metrics

TELUS (TU) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: TU	Industry group median
Revenue Growth (YoY)	1.03%	5.16%
Revenue Growth (3Y CAGR)	3.61%	3.41%
EPS Growth (YoY)	7.46%	-1.93%
EPS Growth (3Y CAGR)	-14.45%	16.50%

Financial Strength

Current Ratio (MRQ)

TELUS (TU) has current ratio of 0.67, 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.

TU

Telecommunication Services industry group

0.67

Group distribution

Max: 2.85
Q3: 1.64
Median: 0.97
Q1: 0.78
TU: 0.67
Min: 0.26

Largest peers

SPCX: 3.08
CHT: 1.36
TMUS: 0.91
T: 0.87
AMX: 0.75
TU: 0.67
VZ: 0.63

Where TELUS (TU) 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)

TELUS (TU) has debt-to-equity ratio of 2.24, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

TU

Telecommunication Services industry group

2.24

Group distribution

Max: 3.94
TU: 2.24
Q3: 2.11
Median: 1.32
Q1: 0.65
Min: 0.00

Largest peers

TU: 2.24
TMUS: 2.11
VZ: 1.82
AMX: 1.50
T: 1.45
SPCX: 0.22
CHT: 0.07

Where TELUS (TU) 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

TELUS (TU) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: TU	Industry group median
Current Ratio (MRQ)	0.67	0.97
Debt / Equity (MRQ)	2.24	1.32
Net Debt / EBITDA	6.07	3.56

Dividends

Dividend Yield (TTM)

TELUS (TU) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

TU

Telecommunication Services industry group

0.00%

Group distribution

Max: 6.10%
Q3: 2.63%
TU: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

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

Where TELUS (TU) 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)

TELUS (TU) has payout ratio of 282.95%, meaning dividends exceeded current-period earnings. The gap would need to be covered by cash, retained earnings, financing, or other sources, so earnings alone do not support the payout.

TU

Telecommunication Services industry group

282.95%

Group distribution

TU: 282.95%
Max: 121.72%
Q3: 68.18%
Median: 4.06%
Q1: 0.00%
Min: 0.00%

Largest peers

TU: 282.95%
VZ: 71.75%
T: 59.36%
TMUS: 39.34%
AMX: 36.38%
SPCX: 0.00%
CHT: 0.00%

Where TELUS (TU) 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

TELUS (TU) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: TU	Industry group median
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	282.95%	4.06%

Valuation

P/E Ratio (TTM)

No usable P/E ratio is available for TELUS (TU) this period, so the trailing-earnings valuation read is skipped.

TU

Telecommunication Services industry group

Group distribution

Max: 30.40
Q3: 23.75
Median: 13.30
Q1: 8.65
Min: 2.50
TU: --

Largest peers

SPCX: 583.78
CHT: 30.40
TMUS: 15.62
AMX: 14.95
VZ: 11.66
T: 11.57
TU: --

TELUS (TU) doesn’t report P/E ratio this period; the box shows the Telecommunication Services group’s distribution and the dots its largest members.

P/S Ratio (TTM)

TELUS (TU) trades at 0.72 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.

TU

Telecommunication Services industry group

0.72

Group distribution

Max: 3.01
Q3: 1.73
Median: 0.81
TU: 0.72
Q1: 0.36
Min: 0.00

Largest peers

SPCX: 56.91
TMUS: 1.83
VZ: 1.36
T: 1.13
TU: 0.72
CHT: 0.15
AMX: 0.08

Where TELUS (TU) 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)

TELUS (TU) trades at 1.26 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.

TU

Telecommunication Services industry group

1.26

Group distribution

Max: 8.10
Q3: 3.98
Median: 1.53
TU: 1.26
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
TU: 1.26

Where TELUS (TU) 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

TELUS (TU) metric values compared with Telecommunication Services industry-group medians
Metric	Current stock: TU	Industry group median
P/E Ratio (TTM)	--	13.30
P/S Ratio (TTM)	0.72	0.81
P/B Ratio (MRQ)	1.26	1.53
Free Cash Flow Yield (TTM)	16.54%	10.87%