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TELUS Valuation Multiples
Discover revenue and EBITDA valuation multiples for TELUS and similar public comparables like Telia, Rogers, Telkom Indonesia, China Satellite and more.
TELUS Overview
About TELUS
Telus is one of the Big Three wireless service providers in Canada, with over 10 million mobile phone subscribers nationwide constituting almost 30% of the total market. It is the incumbent local exchange carrier in the western Canadian provinces of British Columbia and Alberta, where it provides internet, television, and landline phone services. It also has a small wireline presence in eastern Quebec. Mostly because of recent acquisitions, more than 20% of Telus’ sales now come from nontelecom businesses, most notably in the international business services, health, security, and agriculture industries. The firm has a 55% economic stake in Telus International.
Founded
1998
HQ
Employees
55.0K
Website
Sectors
Financials (LTM)
EV
$40B
TELUS Financials
TELUS reported last 12-month revenue of $15B and EBITDA of $5B.
In the same LTM period, TELUS generated $9B in gross profit, $5B in EBITDA, and $818M in net income.
Revenue (LTM)
TELUS P&L
In the most recent fiscal year, TELUS reported revenue of $15B and EBITDA of $5B.
TELUS expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 62% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $818M | XXX | $818M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $23B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TELUS Stock Performance
TELUS has current market cap of $19B, and enterprise value of $40B.
Market Cap Evolution
TELUS's stock price is $12.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $40B | $19B | -0.5% | XXX | XXX | XXX | $0.52 |
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Start Free TrialTELUS Valuation Multiples
TELUS trades at 2.7x EV/Revenue multiple, and 7.4x EV/EBITDA.
EV / Revenue (LTM)
TELUS Financial Valuation Multiples
As of April 20, 2026, TELUS has market cap of $19B and EV of $40B.
Equity research analysts estimate TELUS's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TELUS has a P/E ratio of 23.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV (current) | $40B | XXX | $40B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | 7.4x | XXX | 7.4x | XXX | XXX | XXX |
| EV/EBIT | 19.3x | XXX | 20.0x | XXX | XXX | XXX |
| EV/Gross Profit | 4.3x | XXX | 4.4x | XXX | XXX | XXX |
| P/E | 23.6x | XXX | 23.5x | XXX | XXX | XXX |
| EV/FCF | 24.1x | XXX | 23.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TELUS 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.
TELUS Margins & Growth Rates
TELUS's revenue in the last 12 month grew by 2%.
TELUS's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
TELUS's rule of 40 is 40% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TELUS's rule of X is 45% (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).
TELUS Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 40% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 45% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 28% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 48% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TELUS Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| TELUS | XXX | XXX | XXX | XXX | XXX | XXX |
| Telia | XXX | XXX | XXX | XXX | XXX | XXX |
| Rogers | XXX | XXX | XXX | XXX | XXX | XXX |
| Telkom Indonesia | XXX | XXX | XXX | XXX | XXX | XXX |
| China Satellite | XXX | XXX | XXX | XXX | XXX | XXX |
| TIM | 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.
TELUS M&A Activity
TELUS acquired XXX companies to date.
Last acquisition by TELUS was on XXXXXXXX, XXXXX. TELUS acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TELUS
| 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 TrialTELUS Investment Activity
TELUS invested in XXX companies to date.
TELUS made its latest investment on XXXXXXXX, XXXXX. TELUS invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TELUS
| 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 TELUS
| When was TELUS founded? | TELUS was founded in 1998. |
| Where is TELUS headquartered? | TELUS is headquartered in Canada. |
| How many employees does TELUS have? | As of today, TELUS has over 55K employees. |
| Who is the CEO of TELUS? | TELUS's CEO is Darren Entwistle. |
| Is TELUS publicly listed? | Yes, TELUS is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of TELUS? | TELUS trades under T ticker. |
| When did TELUS go public? | TELUS went public in 1999. |
| Who are competitors of TELUS? | TELUS main competitors are Telia, Rogers, Telkom Indonesia, China Satellite. |
| What is the current market cap of TELUS? | TELUS's current market cap is $19B. |
| What is the current revenue of TELUS? | TELUS's last 12 months revenue is $15B. |
| What is the current revenue growth of TELUS? | TELUS revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of TELUS? | Current revenue multiple of TELUS is 2.7x. |
| Is TELUS profitable? | Yes, TELUS is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TELUS? | TELUS's last 12 months EBITDA is $5B. |
| What is TELUS's EBITDA margin? | TELUS's last 12 months EBITDA margin is 36%. |
| What is the current EV/EBITDA multiple of TELUS? | Current EBITDA multiple of TELUS is 7.4x. |
| What is the current FCF of TELUS? | TELUS's last 12 months FCF is $2B. |
| What is TELUS's FCF margin? | TELUS's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of TELUS? | Current FCF multiple of TELUS is 24.1x. |
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