Telesat (TSX:TSAT) ROE % Adjusted to Book Value: -23.59% (As of Mar. 2026)


TSX:TSAT Telesat Corp TSX:TSAT
52 GF Score
Price C$59.80
GF Value C$10.99
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Telesat ROE % Adjusted to Book Value?

Telesat TSX:TSAT +0.05% 52 ROE % Adjusted to Book Value is -23.59% as of Mar. 2026. GuruFocus rates TSX:TSAT with a GF Score™ of 52/100 and a GF Value™ of C$10.99 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Telesat's ROE % for the quarter that ended in Mar. 2026 was -34.67%. Telesat's PB Ratio for the quarter that ended in Mar. 2026 was 1.47. Telesat's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -23.59%.

Telesat ROE % Adjusted to Book Value Related Terms

Telesat ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Telesat's ROE % Adjusted to Book Value 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.

Telesat ROE % Adjusted to Book Value Chart

Telesat Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 9.49 -20.38 98.14 -27.21 -22.55

Telesat Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.93 16.62 -25.93 -75.54 -23.59

TSX:TSAT vs CSCO, CIEN, MSI: ROE % Adjusted to Book Value Comparison

For the Communication Equipment subindustry, Telesat's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Telesat ROE % Adjusted to Book Value vs Hardware Industry

For the Hardware industry and Technology sector, Telesat's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Telesat's ROE % Adjusted to Book Value falls into.


TSX:TSAT
52GF Score
Telesat Corp TSX:TSAT
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telesat ROE % Adjusted to Book Value Calculation

Telesat's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-25.03% / 1.11
=-22.55%

Telesat's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-34.67% / 1.47
=-23.59%

* 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.

What does a ROE % Adjusted to Book Value of -23.59% mean?
Telesat (TSX:TSAT) has a ROE % Adjusted to Book Value of -23.59% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Telesat and its competitors.
Is Telesat's ROE % Adjusted to Book Value too high?
Telesat's current ROE % Adjusted to Book Value is -23.59%. Overall, Telesat has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telesat's ROE % Adjusted to Book Value compare to CSCO and CIEN?
Telesat's ROE % Adjusted to Book Value of -23.59% can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Hardware company?
A good ROE % Adjusted to Book Value depends on the Hardware industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Telesat and its competitors. Telesat's current ROE % Adjusted to Book Value is -23.59%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telesat stock overvalued right now?
Based on GuruFocus' analysis, Telesat (TSX:TSAT) is currently considered Significantly Overvalued. The stock's GF Value™ is C$10.99, compared to a current price of C$59.80 — trading 444.1% above its estimated fair value. The current ROE % Adjusted to Book Value is -23.59%. Telesat's overall GF Score™ is 52/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Telesat (TSX:TSAT), the current ROE % Adjusted to Book Value is -23.59% 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 Telesat (TSX:TSAT) Overvalued in 2026?

Based on GuruFocus' analysis, Telesat stock appears to be overvalued. The current stock price of C$59.80 is trading 444.1% above its estimated GF Value™ of C$10.99. GuruFocus considers Telesat to be Significantly Overvalued.

Key valuation signals for TSX:TSAT:

  • ROE % Adjusted to Book Value: -23.59%
  • GF Value™: C$10.99 vs. price of C$59.80 (444.1% above fair value)
  • GF Score™: 52/100 with 7 warning signs

No single metric tells the full story. See the TSX:TSAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Telesat Business Description

Other Exchanges TSAT:USAZE2:Germany
Address 160 Elgin Street, Ottawa, ON, CAN, K2P 2P7
Telesat Corp is a satellite operator, that provides its customers with mission-critical communications services. It operates in a single operating segment, in which it provides satellite-based services to its broadcast, enterprise, and consulting customers around the world. The company has two operating segments: GEO services (GEO) segment that refers to the operation of the fleet of GEO satellite and LEO services (LEO) segment that refers to the deployment and operation of the Telesat Lightspeed constellation Geographically, it derives a majority of its revenue from Canada. It derives revenue from Broadcast, Enterprise, Consulting, and others.
52GF Score

Get the complete analysis for TSX:TSAT

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$59.80
Price
C$10.99
GF Value