Rogers Communications Inc. (RCI) Valuation — DCF, Graham & Comparables

Rogers Communications Inc. (RCI) — Price $34.61 (closing price, November 4, 2026) — Communication Services — Telecommunications Services — NYSE

Latest reported results:

Valuation dashboard for Rogers Communications Inc. (RCI) with P/E 27.89, P/B 1.59, EV/EBITDA 7.6 and dividend yield 4.12%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Communication Services companies.

Rogers Communications Inc., a prominent Canadian telecommunications and media conglomerate, structures its diverse operations across three core divisions: Wireless, Cable, and Media. In its Wireless segment, Rogers caters to approximately 11.3 million subscribers through its Rogers, Fido, and chatr brands.

Where would it trade at its usual multiples?

Versus its usual multiples: expensive · Current P/E 27.9× · Multiples range: $19.25 · $23.66.

At the decade median (15.5×) $19 (-44%); at its sector median (19.1×) $24 (-32%). 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.

Analysis Summary

Rogers Communications Inc. reported revenue of 21.69B CAD in the most recent fiscal year, growing at a 5-year CAGR of 9.3%. Net income reached 6.89B CAD, with a 34.0% 5-year CAGR.

Trailing-twelve-month margins: gross margin 22.9%, operating margin 22.9%, net margin 4.1%.

At $34.61 (closing price, November 4, 2026), RCI trades at a P/E of 27.89 and an ROE of 4.97%. Market capitalisation stands at $18.7B, placing it among large-cap names.

Balance sheet quality for RCI: debt-to-equity ratio of 2.82, current ratio of 0.67 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio27.89
Price / Book1.59
EV / EBITDA7.6
Dividend Yield4.12%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
RCIRogers Communications Inc.$18.7B27.891.595.0%
BCE.TOBCE Inc.CAD 27.5B4.371.1527.7%
T.TOTELUS CorporationCAD 20.3B1.53-6.6%
QBR-B.TOQuebecor Inc.CAD 16.1B17.095.8435.9%
0R15.LSoftBank Group Corp.JPY 24.7T4.951.3330.1%
VZVerizon Communications Inc.$191.4B11.781.8115.7%
TMUST-Mobile US, Inc.$168.6B15.363.1419.9%
0R2L.LT-Mobile US, Inc.$159.7B15.302.8218.2%

Price

Price$34.61 (closing price, November 4, 2026)
Market Cap$18.7B
ExchangeNYSE
CountryCA

Profitability

Return on Equity4.97%
Return on Invested Capital3.65%
Return on Assets1.01%
Gross Margin22.86%
Operating Margin22.86%
Net Margin4.13%

Related companies: BCE.TO · T.TO · QBR-B.TO · 0R15.L · VZ · TMUS · 0R2L.L · TBB

Explore sector: Communication Services · Telecommunications Services

More sections of RCI: Overview · Financials · Estimates · Technical · Ownership

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks