Stocktoria

BCE Inc. BCE.TO

CA · Toronto Stock Exchange · XTSE · stock · Communication Services · website

BCE Inc. statistics & valuation

Market capC$30.3B
P / E4.7×
P / S1.2×
P / B1.3×
P / FCF9.2×
Dividend yield7.19%
Net margin26.4%
Return on equity28.1%
FCF margin13.4%
Net debtC$40.7B
Enterprise value USD$51.1B
Earnings yield EBIT/EV7.6%
Return on capital8.1%
Graham number +89.2%C$61.41

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$61.41); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.90% 9.20% 1.40% 26.40% 2022202320242025
Gross margin (%)
68.40% 67.90% 68.40% 68.40% 2022202320242025
Operating margin (%)
22.70% 22.30% 22.70% 22.20% 2022202320242025
Return on equity (%)
12.90% 11.20% 2.00% 28.10% 2022202320242025
Shares outstanding
932.5M 932.5M 932.5M 932.5M 2022202320242025
Net debt (C$)
C$31.77B C$35.41B C$38.93B C$40.74B 2022202320242025
Share buybacks (C$)
C$125.0M C$140.0M C$92.0M C$182.0M 2022202320242025
Return on assets (%)
4.10% 3.10% 0.50% 8.10% 2022202320242025
Free cash flow margin (%)
13.40% 12.90% 10.50% 13.40% 2022202320242025
Debt / equity (×)
1.44× 1.79× 2.37× 1.78× 2022202320242025
EPS (C$)
C$2.98 C$2.28 C$0.18 C$6.79 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

BCE Inc. trades at about 4.8× earnings — below its 10-year norm (10-year range 5.2×–192.3×, median 23.8×).

4.8× 192.3×

Shaded band = 10-year range (5.2×–192.3×); dot = today's 4.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin68.4%68.4%67.9%68.4%
Operating margin22.2%22.7%22.3%22.7%
Net margin26.4%1.4%9.2%11.9%
FCF margin13.4%10.5%12.9%13.4%
Return on assets8.1%0.5%3.1%4.1%
Return on equity28.1%2.0%11.2%12.9%
Debt / equity1.52×1.92×1.54×1.25×
Current ratio0.580.600.650.57

Computed from company filings · CA · as of 2025-12-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.