Cogeco Communications (FRA:COG) ROE %: 9.96% (As of Feb. 2026) — 40% Below Median


FRA:COG Cogeco Communications Inc FRA:COG
82 GF Score
Price €38.60
GF Value €38.48
Valuation Fairly Valued
! 6 Warning Signs
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What is Cogeco Communications ROE %?

Cogeco Communications FRA:COG -1.53% 82 ROE % is 9.96% as of Feb. 2026, which is 40% below its 10-year median of 16.59. GuruFocus rates FRA:COG with a GF Score™ of 82/100 and a GF Value™ of €38.48 (Fairly Valued). The stock has 6 warning signs investors should review. Among 349 Telecommunication Services companies, Cogeco Communications ranks better than 57.88% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Cogeco Communications's annualized net income for the quarter that ended in Feb. 2026 was €198 Mil. Cogeco Communications's average Total Stockholders Equity over the quarter that ended in Feb. 2026 was €1,991 Mil. Therefore, Cogeco Communications's annualized ROE % for the quarter that ended in Feb. 2026 was 9.96%.

The historical rank and industry rank for Cogeco Communications's ROE % or its related term are showing as below:

FRA:COG' s ROE % Range Over the Past 10 Years
Min: -12.08   Med: 16.59   Max: 20.09
Current: 9.93

During the past 13 years, Cogeco Communications's highest ROE % was 20.09%. The lowest was -12.08%. And the median was 16.59%.

FRA:COG's ROE % is ranked better than
57.88% of 349 companies
in the Telecommunication Services industry
Industry Median: 7.41 vs FRA:COG: 9.93

Cogeco Communications  (FRA:COG) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=198.372/1990.979
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(198.372 / 1719.672)*(1719.672 / 6012.5265)*(6012.5265 / 1990.979)
=Net Margin %*Asset Turnover*Equity Multiplier
=11.54 %*0.286*3.0199
=ROA %*Equity Multiplier
=3.3 %*3.0199
=9.96 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Feb. 2026 )
=Net Income/Total Stockholders Equity
=198.372/1990.979
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (198.372 / 262.76) * (262.76 / 427.844) * (427.844 / 1719.672) * (1719.672 / 6012.5265) * (6012.5265 / 1990.979)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.755 * 0.6141 * 24.88 % * 0.286 * 3.0199
=9.96 %

Note: The net income data used here is four times the quarterly (Feb. 2026) net income data. The Revenue data used here is four times the quarterly (Feb. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Cogeco Communications ROE % Related Terms


Cogeco Communications ROE % Historical Data

* Premium members only.

The historical data trend for Cogeco Communications's ROE % 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.

Cogeco Communications ROE % Chart

Cogeco Communications Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.60 17.34 12.97 11.17 10.18

Cogeco Communications Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROE % 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 9.49 8.65 9.72 11.04 9.96

FRA:COG vs TMUS, VZ, T: ROE % Comparison

For the Telecom Services subindustry, Cogeco Communications's ROE %, along with its competitors' market caps and ROE % 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.


Cogeco Communications ROE % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cogeco Communications's ROE % distribution charts can be found below:

* The bar in red indicates where Cogeco Communications's ROE % falls into.


FRA:COG
82GF Score
Cogeco Communications Inc FRA:COG
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Cogeco Communications ROE % Calculation

Cogeco Communications's annualized ROE % for the fiscal year that ended in Aug. 2025 is calculated as

ROE %=Net Income (A: Aug. 2025 )/( (Total Stockholders Equity (A: Aug. 2024 )+Total Stockholders Equity (A: Aug. 2025 ))/ count )
=200.837/( (1979.187+1967.738)/ 2 )
=200.837/1973.4625
=10.18 %

Cogeco Communications's annualized ROE % for the quarter that ended in Feb. 2026 is calculated as

ROE %=Net Income (Q: Feb. 2026 )/( (Total Stockholders Equity (Q: Nov. 2025 )+Total Stockholders Equity (Q: Feb. 2026 ))/ count )
=198.372/( (1985.355+1996.603)/ 2 )
=198.372/1990.979
=9.96 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Feb. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 9.96% mean?
Cogeco Communications (FRA:COG) has a ROE % of 9.96% as of Feb. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Cogeco Communications and its competitors. This is 40% below median its historical median of 16.59. According to the industry distribution chart, Cogeco Communications ranks #147 out of 349 companies in the Telecommunication Services industry, placing it in the top 42.1%.
Is Cogeco Communications' ROE % too high?
Cogeco Communications' current ROE % of 9.96% is 40% below median its 10-year median of 16.59. The Telecommunication Services industry median ROE % is 7.41. Cogeco Communications' value of 9.96% is 34.4% above this industry median. Based on the distribution chart, Cogeco Communications ranks #147 out of 349 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Cogeco Communications has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cogeco Communications' ROE % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Cogeco Communications ranks #147 out of 349 companies for ROE %. This puts Cogeco Communications in the upper half of its industry. The industry median ROE % is 7.41. Cogeco Communications' value of 9.96% is 34.4% above this benchmark. While the company's 10-year median is 16.59 vs. the industry median of 7.41, Cogeco Communications 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 ROE % for a Telecommunication Services company?
The median ROE % among Telecommunication Services companies is 7.41, based on 349 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cogeco Communications's current ROE % of 9.96% is 34.4% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Cogeco Communications and its competitors. For the Telecommunication Services industry, the median ROE % is 7.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cogeco Communications's current ROE % is 9.96%, which is 40% below median its own 10-year median of 16.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cogeco Communications stock overvalued right now?
Based on GuruFocus' analysis, Cogeco Communications (FRA:COG) is currently considered Fairly Valued. The stock's GF Value™ is €38.48, compared to a current price of €38.60 — trading 0.3% above its estimated fair value. The current ROE % is 9.96%, which is 40% below median its 10-year median of 16.59 and 34.4% above the Telecommunication Services industry median of 7.41. Cogeco Communications' overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Cogeco Communications (FRA:COG), the current ROE % is 9.96% as of Feb. 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 Cogeco Communications (FRA:COG) Overvalued in 2026?

Based on GuruFocus' analysis, Cogeco Communications stock appears to be overvalued. The current stock price of €38.60 is trading 0.3% above its estimated GF Value™ of €38.48. GuruFocus considers Cogeco Communications to be Fairly Valued.

Key valuation signals for FRA:COG:

  • ROE %: 9.96% (40% below median its 10-year median of 16.59)
  • GF Value™: €38.48 vs. price of €38.60 (0.3% above fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 34.4% above the Telecommunication Services median (#147 of 349)

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


Cogeco Communications Business Description

Address 1 Place Ville Marie, Suite 3301, Montreal, QC, CAN, H3B 0B3
Cogeco Communications is a telecom service provider in Canada and the US, specifically in rural and suburban geographies. It offers wireline services such as broadband internet, TV, and landline phone services. In Canada, the firm operates under its Cogeco Connexion and Oxio brands, reaching roughly 2.1 million homes and businesses throughout Ontario and Quebec. In the US, Cogeco operates under its Breezeline brand throughout the East Coast, Pennsylvania, and Ohio, reaching 1.8 million homes and businesses. Cogeco is expanding its offerings to include consumer wireless services, operating as a mobile virtual network operator.
82GF Score

Get the complete analysis for FRA:COG

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

€38.60
Price
€38.48
GF Value