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BCE Inc
TSX:BCE

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BCE Inc
TSX:BCE
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Price: 32.615 CAD -1.08% Market Closed
Market Cap: CA$30.4B

P/B

1.3
Current
36%
Cheaper
vs 3-y average of 2.1

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.3
=
Market Cap
CA$30.7B
/
Total Equity
CA$23B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.3
=
Market Cap
CA$30.7B
/
Total Equity
CA$23B

Valuation Scenarios

BCE Inc is trading below its 3-year average

If P/B returns to its 3-Year Average (2.1), the stock would be worth CA$50.85 (56% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+99%
Average Upside
61%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.3 CA$32.62
0%
3-Year Average 2.1 CA$50.85
+56%
5-Year Average 2.3 CA$55.23
+69%
Industry Average 1.6 CA$38.74
+19%
Country Average 2.7 CA$64.97
+99%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CA
BCE Inc
TSX:BCE
30.7B CAD 1.3 4.9
US
Verizon Communications Inc
NYSE:VZ
195.6B USD 1.9 11.4
US
AT&T Inc
NYSE:T
182.5B USD 1.7 8.6
DE
Deutsche Telekom AG
XETRA:DTE
133.6B EUR 2.1 13.9
CN
China Telecom Corp Ltd
SSE:601728
545.4B CNY 1.2 16.2
JP
Nippon Telegraph and Telephone Corp
TSE:9432
12.5T JPY 1.4 11.6
SG
Singapore Telecommunications Ltd
SGX:Z74
77.4B SGD 2.9 12.5
FR
Orange SA
PAR:ORA
46.9B EUR 1.6 87.2
SA
Saudi Telecom Company SJSC
SAU:7010
189.1B SAR 2.3 12.8
CH
Swisscom AG
SIX:SCMN
34.4B CHF 2.9 27.7
AU
Telstra Group Ltd
F:5KB
36.7B EUR 4.6 27

Market Distribution

Lower than 76% of companies in Canada
Percentile
24rd
Based on 3 061 companies
24rd percentile
1.3
Low
0 — 1.6
Typical Range
1.6 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.9
Max 1 402.4

BCE Inc
Glance View

In the sprawling landscape of Canada's telecommunications industry, BCE Inc. stands as a towering figure, a well-oiled machine operating at the intersection of communication and innovation. Originally established in 1880 as Bell Canada Enterprises, the company has undoubtedly transformed from a simple telephone service provider to a diversified conglomerate, addressing the communication needs of millions. BCE Inc.'s powerful trifecta includes Bell Wireless, Bell Wireline, and Bell Media, woven seamlessly into the fabric of Canadian society. The company artfully orchestrates the distribution of services ranging from high-speed internet, television, and landline telecommunication to mobile services, capturing revenue through both consumer subscriptions and corporate contracts. The wireless segment, in particular, serves as a dynamic growth engine, capitalizing on expanding smartphone usage and the relentless evolution of network technologies. BCE Inc. doesn't just stop at traditional telecommunication services; it dives into the world of media with Bell Media, adding another robust stream to its revenue portfolio. This branch thrives on a comprehensive array of television and radio properties, reaching a broad audience and drawing significant advertising and subscription revenues. By owning and distributing popular content and channels, it ensures a steady influx of viewers and listeners, translating entertainment into monetary gain. The strategic integrations of its telecom and media assets enable BCE Inc. to offer bundled services, enhancing customer loyalty and creating a competitive edge in the market. Simultaneously, its commitment to investing in fiber and 5G ensures BCE Inc. remains at the forefront of connectivity, continually scaling its infrastructure to support an increasingly digital future. Through a combination of innovation, strategic expansion, and a firm grip on modern communication needs, BCE Inc. continues to solidify its influential presence across various facets of Canadian life.

BCE Intrinsic Value
60.821 CAD
Undervaluation 46%
Intrinsic Value
Price CA$32.615
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