BCETSX:BCE +1.96%81 Net Margin % is 10.59% as of Mar. 2026, which is 14% below its 10-year median of 12.30. GuruFocus rates TSX:BCE with a GF Score™ of 81/100 and a GF Value™ of C$37.66 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 368 Telecommunication Services companies, BCE ranks better than 92.39% on this metric.
Net margin is calculated as Net Income divided by its Revenue. BCE's Net Income for the
three
months ended in Mar. 2026 was C$653 Mil. BCE's Revenue for the
three
months ended in Mar. 2026 was C$6,168 Mil. Therefore, BCE's net margin for the quarter that ended in Mar. 2026 was 10.59%.
The historical rank and industry rank for BCE's Net Margin % or its related term are showing as below:
TSX:BCE'
s Net Margin % Range Over the Past 10 Years
Min: 1.41 Med: 12.3 Max: 26.4
Current: 26.08
TSX:BCE's Net Margin % is ranked better than 92.39% of 368
companies
in the Telecommunication Services industry
Industry Median: 5.455
vs TSX:BCE: 26.08
BCE (TSX:BCE) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
BCE Net Margin % Related Terms
BCE Net Margin % Historical Data
* Premium members only.
The historical data trend for BCE's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Telecom Services subindustry, BCE's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BCE Net Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, BCE's Net Margin % distribution charts can be found below:
* The bar in red indicates where BCE's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BCE (TSX:BCE) has a Net Margin % of 10.59% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on BCE and its competitors. This is 14% below median its historical median of 12.30. Over the past decade, BCE's Net Margin % has ranged from 1.41 to 26.40. According to the industry distribution chart, BCE ranks #28 out of 368 companies in the Telecommunication Services industry, placing it in the top 7.6%.
Is BCE's Net Margin % too high?
BCE's current Net Margin % of 10.59% is 14% below median its 10-year median of 12.30. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 26.40. The Telecommunication Services industry median Net Margin % is 5.46. BCE's value of 10.59% is 94.1% above this industry median. Based on the distribution chart, BCE ranks #28 out of 368 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, BCE has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BCE's Net Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, BCE ranks #28 out of 368 companies for Net Margin %. This places BCE in the top 8% of its industry — outperforming the majority of peers. The industry median Net Margin % is 5.46. BCE's value of 10.59% is 94.1% above this benchmark. Historically, BCE's own Net Margin % has ranged from 1.41 to 26.40 over the past decade. While the company's 10-year median is 12.30 vs. the industry median of 5.46, BCE has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Telecommunication Services company?
The median Net Margin % among Telecommunication Services companies is 5.46, based on 368 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BCE's current Net Margin % of 10.59% is 94.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on BCE and its competitors. For the Telecommunication Services industry, the median Net Margin % is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BCE's current Net Margin % is 10.59%, which is 14% below median its own 10-year median of 12.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCE stock overvalued right now?
Based on GuruFocus' analysis, BCE (TSX:BCE) is currently considered Modestly Undervalued. The stock's GF Value™ is C$37.66, compared to a current price of C$32.74 — trading 13.1% below its estimated fair value. The current Net Margin % is 10.59%, which is 14% below median its 10-year median of 12.30 and 94.1% above the Telecommunication Services industry median of 5.46. BCE's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For BCE (TSX:BCE), the current Net Margin % is 10.59% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BCE (TSX:BCE) Overvalued in 2026?
Based on GuruFocus' analysis, BCE stock appears to be undervalued.
The current stock price of C$32.74 is trading 13.1% below its estimated GF Value™ of C$37.66.
GuruFocus considers BCE to be Modestly Undervalued.
Key valuation signals for TSX:BCE:
Net Margin %: 10.59% (14% below median its 10-year median of 12.30)
GF Value™: C$37.66 vs. price of C$32.74 (13.1% below fair value)
Industry Position: 94.1% above the Telecommunication Services median (#28 of 368)
No single metric tells the full story. See the TSX:BCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
81GF Score
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