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Rogers Valuation Multiples
Discover revenue and EBITDA valuation multiples for Rogers and similar public comparables like MTN Group, China United Network, China Satellite, Bouygues and more.
Rogers Overview
About Rogers
Rogers Communications is the largest wireless service provider in Canada with more than 11 million subscribers, equating to one-third of the total Canadian market. Rogers' wireless business accounts for more than half of total revenue and has been growing at a higher rate than other segments. The cable segment, which provides about 38% of total revenue after acquiring Shaw, offers home internet, television, and landline phone service to consumers and businesses. Remaining sales come from Rogers' media unit, which owns and operates various television and radio stations and major Toronto sports franchises, including the Blue Jays, Maple Leafs, Raptors, Toronto FC, and Argonauts.
Founded
1987
HQ

Employees
24.0K
Website
Financials (LTM)
EV
$54B
Rogers Financials
Rogers reported last 12-month revenue of $16B and EBITDA of $7B.
In the same LTM period, Rogers generated $8B in gross profit, $7B in EBITDA, and $4B in net income.
Revenue (LTM)
Rogers P&L
In the most recent fiscal year, Rogers reported revenue of $15B and EBITDA of $7B.
Rogers expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $16B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $8B | XXX | $7B | XXX | XXX | XXX |
| Gross Margin | 48% | XXX | 47% | XXX | XXX | XXX |
| EBITDA | $7B | XXX | $7B | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 44% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 24% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 27% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $32B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Rogers Stock Performance
Rogers has current market cap of $22B, and enterprise value of $54B.
Market Cap Evolution
Rogers' stock price is $41.27.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $54B | $22B | (0.2%) | XXX | XXX | XXX | $2.36 |
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Start Free TrialRogers Valuation Multiples
Rogers trades at 3.3x EV/Revenue multiple, and 7.4x EV/EBITDA.
EV / Revenue (LTM)
Rogers Financial Valuation Multiples
As of March 11, 2026, Rogers has market cap of $22B and EV of $54B.
Equity research analysts estimate Rogers' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Rogers has a P/E ratio of 5.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $22B | XXX | $22B | XXX | XXX | XXX |
| EV (current) | $54B | XXX | $54B | XXX | XXX | XXX |
| EV/Revenue | 3.3x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 7.4x | XXX | 8.0x | XXX | XXX | XXX |
| EV/EBIT | 14.3x | XXX | 14.6x | XXX | XXX | XXX |
| EV/Gross Profit | 7.0x | XXX | 7.6x | XXX | XXX | XXX |
| P/E | 5.1x | XXX | 17.5x | XXX | XXX | XXX |
| EV/FCF | 21.8x | XXX | 48.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Rogers Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Rogers Margins & Growth Rates
Rogers' revenue in the last 12 month grew by 3%.
Rogers' revenue per employee in the last FY averaged $0.7M.
Rogers' rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Rogers' rule of X is 53% (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).
Rogers Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 48% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 53% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 22% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Rogers Public Comps
See public comps and valuation multiples for other Telecom Service Providers and TV Broadcasting comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MTN Group | XXX | XXX | XXX | XXX | XXX | XXX |
| China United Network | XXX | XXX | XXX | XXX | XXX | XXX |
| China Satellite | XXX | XXX | XXX | XXX | XXX | XXX |
| Bouygues | XXX | XXX | XXX | XXX | XXX | XXX |
| Liberty Media | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Rogers M&A Activity
Rogers acquired XXX companies to date.
Last acquisition by Rogers was on XXXXXXXX, XXXXX. Rogers acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Rogers
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialRogers Investment Activity
Rogers invested in XXX companies to date.
Rogers made its latest investment on XXXXXXXX, XXXXX. Rogers invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Rogers
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Rogers
| When was Rogers founded? | Rogers was founded in 1987. |
| Where is Rogers headquartered? | Rogers is headquartered in Canada. |
| How many employees does Rogers have? | As of today, Rogers has over 24K employees. |
| Who is the CEO of Rogers? | Rogers' CEO is Anthony Staffieri. |
| Is Rogers publicly listed? | Yes, Rogers is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Rogers? | Rogers trades under RCI.B ticker. |
| When did Rogers go public? | Rogers went public in 1981. |
| Who are competitors of Rogers? | Rogers main competitors are MTN Group, China United Network, China Satellite, Bouygues. |
| What is the current market cap of Rogers? | Rogers' current market cap is $22B. |
| What is the current revenue of Rogers? | Rogers' last 12 months revenue is $16B. |
| What is the current revenue growth of Rogers? | Rogers revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Rogers? | Current revenue multiple of Rogers is 3.3x. |
| Is Rogers profitable? | Yes, Rogers is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Rogers? | Rogers' last 12 months EBITDA is $7B. |
| What is Rogers' EBITDA margin? | Rogers' last 12 months EBITDA margin is 45%. |
| What is the current EV/EBITDA multiple of Rogers? | Current EBITDA multiple of Rogers is 7.4x. |
| What is the current FCF of Rogers? | Rogers' last 12 months FCF is $2B. |
| What is Rogers' FCF margin? | Rogers' last 12 months FCF margin is 15%. |
| What is the current EV/FCF multiple of Rogers? | Current FCF multiple of Rogers is 21.8x. |
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