BCE Inc. (BCE) is a publicly traded company in the Communication Services — Telecommunications Services industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
BCE Inc. stands as a prominent Canadian telecommunications and media conglomerate, delivering a comprehensive suite of wireless, landline, internet, and television services to households, enterprises, and wholesale partners across the nation. The company's activities are strategically divided across three core divisions: Bell Wireless, Bell Wireline, and Bell Media.
Is BCE Inc. stock overvalued or undervalued in 2026?
On the earnings the consensus expects for 2027 ($1.94 per share), BCE Inc. (BCE) trades at 10.9× earnings (P/E), below the median of the 81 communication companies over $2bn in Kaplio's universe. The P/E on the last twelve months (4.4×) is based on earnings per share of $4.82, far from what is expected; that is why this range uses expected earnings. At the decade median (16.6×) $32 (+53%); at its sector median (19.1×) $37 (+75%).
Kaplio overview: BCE Inc.
Market cap $20B · 52 weeks $19 – $26 (18% below the high) · P/E 4.4× · 2027 est. P/E 10.9× · Dividend 5.9% · Next earnings November 5, 2026 · expected EPS $0.49 · Closing price, Nov 4 · accounts published Aug 6.
- Valuation: 2027 est. P/E 10.9× (cheap).
- Business: EBITDA margin 60.2% (excellent).
- Balance sheet: Net debt/EBITDA 2.8× (solid).
- Earnings: 6 of 8 (uneven).
Where would it trade at its usual multiples?
On those earnings: at the decade median (16.6×) $32 (+53%); at its sector median (19.1×) $37 (+75%). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
Note: earnings per share over the last twelve months ($4.82) are far from the consensus for 2027 ($1.94); that is why this range uses expected earnings.
What matters in communication: 6 of 7 pass
- 3y revenue growth −0.2%, fails.
- EBITDA margin 60.2%, passes.
- FCF yield 16.8%, passes.
- Capex / Revenue 15.1%, passes.
- Net debt / EBITDA 2.8×, passes.
- Payout on FCF 66.1%, passes.
- EV/EBITDA vs own 5y 4.6×, passes.
Against its peers (reference peers) — BCE Inc.: P/E 4.4×; EV/EBITDA 4.6×; ROIC 6.0%; $19.7B. Rogers Communications Inc. (P/E 27.9×; EV/EBITDA 7.6×; ROIC 3.6%; $18.7B), Telefônica Brasil S.A. (P/E 15.3×; EV/EBITDA 4.3×; ROIC 7.9%; $18.1B), Charter Communications, Inc. (P/E 3.1×; EV/EBITDA 5.2×; ROIC 6.9%; $16.2B).
Expensive or cheap against its last ten years?
P/E at each close: today 4.4× · median 16.6× · minimum 4.4× · maximum 22.1× · cheap below 15.1× · expensive above 18.2×. Earnings over the last 12 months are distorted: today's P/E compared with its history is not representative.
Dividend
tight · Yield (last 12 months) 5.9% · $1.68 per ADS in 2025 · 5-year growth -7% a year · Free cash flow coverage 0.9× (last three fiscal years) · With $1,000 invested today you'd collect $59.20 a year ($4.93 a month).
Investor methods verdict
Would Buffett approve BCE today?
The Buffett Method would not approve BCE today: it fails its quality rules. Business quality: 46 out of 100 (price not included). Kaplio assessment with data from the week of November 4, 2026; not investment advice.
Would Peter Lynch approve BCE today?
The Lynch Method would not approve BCE today: it fails its quality rules. Business quality: 33 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of November 4, 2026; not investment advice.
Profitability
| Return on Equity | 27.73% |
| Return on Invested Capital | 6.02% |
| Return on Assets | 7.92% |
| Gross Margin | 59.16% |
| Operating Margin | 21.57% |
| Net Margin | 25.89% |
Financial Health
| Debt / Equity | 1.75 |
| Current Ratio | 0.73 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.70 |
Price Performance
| 1 month | +6.89% |
| 3 months | -7.21% |
| Year-to-date | -11.38% |
| 1 year | -5.72% |
| 3 years | -46.65% |
| 5 years | -58.48% |
| 10 years | -52.71% |
Dividend History
Paid in the last 12 months: $1.2645 per share in 4 payments.
| Date | Amount |
|---|---|
| September 15, 2026 | $0.3143 |
| June 15, 2026 | $0.3129 |
| March 16, 2026 | $0.3197 |
| December 15, 2025 | $0.3176 |
| September 15, 2025 | $0.3171 |
| June 16, 2025 | $0.3227 |
| March 14, 2025 | $0.6937 |
| December 16, 2024 | $0.695 |
| September 16, 2024 | $0.7335 |
| June 14, 2024 | $0.7260 |
Amounts adjusted for stock splits.
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Explore sector: Communication Services · Telecommunications Services
More sections of BCE: Financials · Valuation · Estimates · Technical · Ownership
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