BCE Valuation Multiples

BCE Overview

About BCE

BCE provides wireless, broadband, television, and landline phone services in Canada. It is one of the Big Three national wireless carriers, with over 10 million customers constituting about 30% of the market. It is also the incumbent local exchange carrier—the legacy telephone provider—throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. BCE has a media segment that holds television, radio, and digital media assets. BCE licenses the Canadian rights to HBO Max and Starz.

Founded

1970

HQ

Employees

40.4K

Website

bce.ca

Sectors

Telecom Service ProvidersTV Broadcasting

Financials (LTM)

Revenue: $18B

EBITDA: $8B

EV

$54B

Valuation Multiples

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BCE Financials

BCE reported last 12-month revenue of $18B and EBITDA of $8B.

In the same LTM period, BCE generated $9B in gross profit, $8B in EBITDA, and $2B in net income.

BCE P&L

In the most recent fiscal year, BCE reported revenue of $18B and EBITDA of $11B.

BCE expects next 12-month revenue of XXX and NTM EBITDA of XXX

BCE Stock Performance

BCE has current market cap of $22B, and enterprise value of $54B.

BCE's stock price is $23.96.

BCE Valuation Multiples

BCE trades at 3.0x EV/Revenue multiple, and 6.9x EV/EBITDA.

BCE Financial Valuation Multiples

As of April 20, 2026, BCE has market cap of $22B and EV of $54B.

Equity research analysts estimate BCE's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

BCE has a P/E ratio of 12.0x.

BCE Margins & Growth Rates

BCE's revenue in the last 12 month grew by 2%.

BCE's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.

BCE's rule of 40 is 47% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

BCE's rule of X is 52% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

BCE Public Comps

See public comps and valuation multiples for other Telecom Service Providers and TV Broadcasting comps.

BCE M&A Activity

BCE acquired XXX companies to date.

Last acquisition by BCE was on XXXXXXXX, XXXXX. BCE acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

BCE Investment Activity

BCE invested in XXX companies to date.

BCE made its latest investment on XXXXXXXX, XXXXX. BCE invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).