BCE vs. VIV: BCE vs. Telefônica Brasil Stock Comparison

November 11, 2026

How do BCE (BCE) and Telefônica Brasil (VIV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

BCE (BCE) and Telefônica Brasil (VIV) are both classified in the Integrated Telecommunication Services sub-industry within the broader Diversified Telecommunication Services industry, placing them in the closest GICS peer bucket.

BCE (BCE) trades as ordinary local shares, while Telefônica Brasil (VIV) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for BCE (BCE) and Telefônica Brasil (VIV)
Profile Item	BCE	VIV
Name	BCE Inc.	Telefônica Brasil S.A. ADR
Country/Region	Canada	Brazil
GICS Sector	Communication Services	Communication Services
GICS Industry Group	Telecommunication Services	Telecommunication Services
GICS Industry	Diversified Telecommunication Services	Diversified Telecommunication Services
GICS Sub-Industry	Integrated Telecommunication Services	Integrated Telecommunication Services
Market Capitalization	20.16 billion USD	18.26 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 15, 1982	November 16, 1998
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

BCE

VIV

GSPC

BCE (BCE) vs. Telefônica Brasil (VIV), with S&P 500 (GSPC) for reference: 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 Telefônica Brasil (VIV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for BCE (BCE) and Telefônica Brasil (VIV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for BCE (BCE) and Telefônica Brasil (VIV)
Metric	BCE	VIV
Total Return (1Y)	-3.05%	-1.63%
Total Return (3Y, Annualized)	-11.78%	11.15%
Total Return (5Y, Annualized)	-10.24%	12.02%

Risk Profile

Drawdown History

BCE

VIV

GSPC

BCE (BCE) vs. Telefônica Brasil (VIV), with S&P 500 (GSPC) for reference: 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 Telefônica Brasil (VIV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for BCE (BCE) and Telefônica Brasil (VIV)
Metric	BCE	VIV
Volatility (1Y, Annualized)	21.92%	33.69%
Beta (5Y)	0.52	0.53
Max Drawdown (5Y)	-56.57%	-40.80%
Avg. Volume (3M)	4.21M	1.60M

Risk-Adjusted Performance

Risk-Return Positioning

BCE and VIV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for BCE (BCE) and Telefônica Brasil (VIV)
Metric	BCE	VIV
Sharpe Ratio (1Y)	-0.33	-0.18
Sortino Ratio (1Y)	-0.47	-0.24

Profitability

ROE (TTM)

Both BCE (BCE) at 11.13% and Telefônica Brasil (VIV) at 9.87% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

BCE

Telecommunication Services industry group

11.13%

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

VIV

Telecommunication Services industry group

9.87%

Max: 31.74%
Q3: 17.02%
VIV: 9.87%
Median: 7.32%
Q1: -5.16%
Min: -20.26%

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their ROE against the Telecommunication Services industry group benchmark.

Net Margin (TTM)

Both BCE (BCE) at 10.23% and Telefônica Brasil (VIV) at 10.68% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BCE

Telecommunication Services industry group

10.23%

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

VIV

Telecommunication Services industry group

10.68%

Max: 30.45%
Q3: 11.78%
VIV: 10.68%
Median: 7.20%
Q1: -3.86%
Min: -18.49%

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their net margin against the Telecommunication Services industry group benchmark.

Operating Margin (TTM)

BCE (BCE) at 23.89% operates in the top operating margin quartile, ahead of Telefônica Brasil (VIV) at 17.64%, which runs around its industry’s norm.

BCE

Telecommunication Services industry group

23.89%

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

VIV

Telecommunication Services industry group

17.64%

Max: 35.53%
Q3: 22.79%
VIV: 17.64%
Median: 12.87%
Q1: 0.82%
Min: -29.20%

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their operating margin against the Telecommunication Services industry group benchmark.

Profitability Metrics

Profitability metrics for BCE (BCE) and Telefônica Brasil (VIV)
Metric	BCE	VIV
ROE (TTM)	11.13%	9.87%
ROA (TTM)	4.22%	5.51%
Net Margin (TTM)	10.23%	10.68%
Operating Margin (TTM)	23.89%	17.64%
Gross Margin (TTM)	44.92%	48.26%

Growth

Revenue Growth

Telefônica Brasil (VIV) at 6.71% is around its peer norm for revenue growth, while BCE (BCE) at 0.24% drops into the bottom quartile, signaling weaker demand or pricing momentum.

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their Revenue Growth across different time periods.

EPS Growth

BCE (BCE) at 3,672.22% clears its industry range for EPS growth, a much stronger earnings trajectory than Telefônica Brasil (VIV) at 13.02%, which is closer to a typical peer reading.

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for BCE (BCE) and Telefônica Brasil (VIV)
Metric	BCE	VIV
Revenue Growth (YoY)	0.24%	6.71%
Revenue Growth (3Y CAGR)	0.40%	7.45%
EPS Growth (YoY)	3,672.22%	13.02%
EPS Growth (3Y CAGR)	31.59%	16.12%

Financial Strength

Current Ratio (MRQ)

Telefônica Brasil (VIV) at 0.95 keeps current ratio within its industry’s typical mid-range, while BCE (BCE) at 0.62 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for BCE.

BCE

Telecommunication Services industry group

0.62

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

VIV

Telecommunication Services industry group

0.95

Max: 2.85
Q3: 1.64
Median: 0.97
VIV: 0.95
Q1: 0.78
Min: 0.26

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their current ratio against the Telecommunication Services industry group benchmark.

Debt / Equity (MRQ)

Telefônica Brasil (VIV) at 0.30 keeps leverage in the lower industry quartile, while BCE (BCE) at 1.70 runs a more typical debt-to-equity mix.

BCE

Telecommunication Services industry group

1.70

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

VIV

Telecommunication Services industry group

0.30

Max: 3.94
Q3: 2.11
Median: 1.32
Q1: 0.65
VIV: 0.30
Min: 0.00

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their debt-to-equity ratio against the Telecommunication Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for BCE (BCE) and Telefônica Brasil (VIV)
Metric	BCE	VIV
Current Ratio (MRQ)	0.62	0.95
Debt / Equity (MRQ)	1.70	0.30
Net Debt / EBITDA	4.67	0.56

Dividends

Dividend Yield (TTM)

Telefônica Brasil (VIV) at 4.81% earns its spot in the top quartile of its industry’s yields; BCE (BCE) at 7.94% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

BCE

Telecommunication Services industry group

7.94%

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

VIV

Telecommunication Services industry group

4.81%

Max: 6.10%
VIV: 4.81%
Q3: 2.63%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their dividend yield against the Telecommunication Services industry group benchmark.

Dividend Payout Ratio (TTM)

Telefônica Brasil (VIV) reports payout ratio above 100% at 120.03%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile BCE (BCE) reports 68.09%, ranking against industry peers normally.

BCE

Telecommunication Services industry group

68.09%

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

VIV

Telecommunication Services industry group

120.03%

Max: 121.72%
VIV: 120.03%
Q3: 68.18%
Median: 4.06%
Q1: 0.00%
Min: 0.00%

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their payout ratio against the Telecommunication Services industry group benchmark.

Dividend Metrics

Dividend metrics for BCE (BCE) and Telefônica Brasil (VIV)
Metric	BCE	VIV
Dividend Yield (TTM)	7.94%	4.81%
Dividend Payout Ratio (TTM)	68.09%	120.03%

Valuation

P/E Ratio (TTM)

Both BCE (BCE) at 11.69 and Telefônica Brasil (VIV) at 14.65 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

BCE

Telecommunication Services industry group

11.69

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

VIV

Telecommunication Services industry group

14.65

Max: 30.40
Q3: 23.75
VIV: 14.65
Median: 13.30
Q1: 8.65
Min: 2.50

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their P/E ratio against the Telecommunication Services industry group benchmark.

P/S Ratio (TTM)

Telefônica Brasil (VIV) at 0.30 sits in the cheaper P/S ratio quartile while BCE (BCE) at 0.81 prices around its industry’s middle — VIV costs less per dollar of sales, though read it alongside growth and margins.

BCE

Telecommunication Services industry group

0.81

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

VIV

Telecommunication Services industry group

0.30

Max: 3.01
Q3: 1.73
Median: 0.81
Q1: 0.36
VIV: 0.30
Min: 0.00

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their P/S ratio against the Telecommunication Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both BCE (BCE) at 1.35 and Telefônica Brasil (VIV) at 1.40 are valued close to their industries’ norm against book — neither stands out from peers.

BCE

Telecommunication Services industry group

1.35

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

VIV

Telecommunication Services industry group

1.40

Max: 8.10
Q3: 3.98
Median: 1.53
VIV: 1.40
Q1: 0.65
Min: -2.39

BCE (BCE) vs. Telefônica Brasil (VIV): A comparison of their P/B ratio against the Telecommunication Services industry group benchmark.

Valuation Metrics

Valuation metrics for BCE (BCE) and Telefônica Brasil (VIV)
Metric	BCE	VIV
P/E Ratio (TTM)	11.69	14.65
P/S Ratio (TTM)	0.81	0.30
P/B Ratio (MRQ)	1.35	1.40
Free Cash Flow Yield (TTM)	11.99%	68.91%