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BCE (TSX:BCE) Shiller PE Ratio : 11.41 (As of Dec. 13, 2024)


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What is BCE Shiller PE Ratio?

As of today (2024-12-13), BCE's current share price is C$36.74. BCE's E10 for the quarter that ended in Sep. 2024 was C$3.22. BCE's Shiller PE Ratio for today is 11.41.

The historical rank and industry rank for BCE's Shiller PE Ratio or its related term are showing as below:

TSX:BCE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.41   Med: 18.52   Max: 21.18
Current: 11.42

During the past years, BCE's highest Shiller PE Ratio was 21.18. The lowest was 11.41. And the median was 18.52.

TSX:BCE's Shiller PE Ratio is ranked better than
68.97% of 203 companies
in the Telecommunication Services industry
Industry Median: 15.88 vs TSX:BCE: 11.42

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

BCE's adjusted earnings per share data for the three months ended in Sep. 2024 was C$-1.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is C$3.22 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BCE Shiller PE Ratio Historical Data

The historical data trend for BCE's Shiller PE Ratio 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.

* Premium members only.

BCE Shiller PE Ratio Chart

BCE Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.41 16.77 19.59 17.16 14.96

BCE Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Shiller PE Ratio 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 14.68 14.96 13.29 12.82 14.62

Competitive Comparison of BCE's Shiller PE Ratio

For the Telecom Services subindustry, BCE's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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's Shiller PE Ratio Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, BCE's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where BCE's Shiller PE Ratio falls into.



BCE Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

BCE's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=36.74/3.22
=11.41

* 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's E10 for the quarter that ended in Sep. 2024 is calculated as:

For example, BCE's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=-1.36/127.2847*127.2847
=-1.360

Current CPI (Sep. 2024) = 127.2847.

BCE Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201412 0.630 98.367 0.815
201503 0.630 99.789 0.804
201506 0.900 100.500 1.140
201509 0.870 100.421 1.103
201512 0.580 99.947 0.739
201603 0.820 101.054 1.033
201606 0.890 102.002 1.111
201609 0.870 101.765 1.088
201612 0.750 101.449 0.941
201703 0.730 102.634 0.905
201706 0.850 103.029 1.050
201709 0.900 103.345 1.108
201712 0.630 103.345 0.776
201803 0.730 105.004 0.885
201806 0.790 105.557 0.953
201809 0.900 105.636 1.084
201812 0.680 105.399 0.821
201903 0.820 106.979 0.976
201906 0.850 107.690 1.005
201909 0.960 107.611 1.136
201912 0.740 107.769 0.874
202003 0.750 107.927 0.885
202006 0.260 108.401 0.305
202009 0.770 108.164 0.906
202012 0.980 108.559 1.149
202103 0.710 110.298 0.819
202106 0.760 111.720 0.866
202109 0.830 112.905 0.936
202112 0.690 113.774 0.772
202203 0.960 117.646 1.039
202206 0.660 120.806 0.695
202209 0.780 120.648 0.823
202212 0.580 120.964 0.610
202303 0.790 122.702 0.820
202306 0.370 124.203 0.379
202309 0.700 125.230 0.711
202312 0.420 125.072 0.427
202403 0.440 126.258 0.444
202406 0.590 127.522 0.589
202409 -1.360 127.285 -1.360

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


BCE  (TSX:BCE) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


BCE Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of BCE's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BCE Business Description

Address
1 Carrefour Alexander Graham Bell, Tour A-7, Verdun, QC, CAN, H3E 3B3
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, or ILEC—the legacy telephone provider—throughout much of the eastern half of Canada, including in the most populous Canadian provinces: Ontario and Quebec. Additionally, BCE has a media segment, which holds television, radio, and digital media assets. BCE licenses the Canadian rights to movie channels including HBO, Showtime, and Starz.
Executives
Calin Rovinescu Director
Mirko Bibic Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Louis Vachon Director
Robert Simmonds Director
Louis P. Pagnutti Director
John Watson Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Claire Gillies Senior Officer
Glen Leblanc Senior Officer
Blaik Kirby Senior Officer
Karine Moses Senior Officer
Jennifer Anne Tory Director
Sheila A. Murray Director
Stephen Guy Howe Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Robert Malcolmson Senior Officer
Thomas (tom) Little Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

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