# TELUS Corporation (T.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Communication Services / Diversified Telecommunication Services. Price C$13.39, market value C$21.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). TELUS Corporation reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 1.97**. A PEG of 1.97 is in the range usually read as fairly priced for its growth.
- **Price / sales: 1.0×**. Each dollar of revenue is priced at 1.0×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 9.8×**. Enterprise value is 9.8× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 8.9%** (5-yr avg 4.0%). Free cash flow equals 8.9% of the market value, above its five-year average of 4.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 50.3%**. TELUS Corporation keeps 50.3% of revenue after the direct cost of what it sells.
- **Operating margin: 13.9%**. 13.9% of revenue is left after running the business.
- **Net margin: 5.5%**. 5.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.1%**. 7.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.3%**. Return on all capital, debt included, is 6.3%.
- **Return on assets: -1.5%**. Each dollar of assets produces -1.5% of profit.

## Growth
- **Revenue growth (1 yr): 1.0%** (3-yr 3.6%/yr, 5-yr 5.8%/yr). Revenue grew 1.0% over the last year, against 5.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 9.0%** (3-yr -14.1%/yr, 5-yr -4.9%/yr). Earnings per share rose 9.0%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 26.4%/yr**. Free cash flow has compounded at 26.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.99**. Debt is 1.99 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 5.7×**. It would take 5.7 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 1.7×**. Operating profit covers interest 1.7×, thin but manageable.
- **Current ratio: 0.86** (quick 0.81). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.11**. A Z-score of 1.11 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 10.77%** (C$1.67 per share, trailing). TELUS Corporation yields 10.77%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 146%** (83% of free cash flow). The dividend exceeds earnings (146% payout), though free cash flow still covers it.
- **Consecutive years of increases: 23**. 23 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 6.9%/yr** (1-yr 6.2%). The dividend has grown 6.9% a year over five years.

## Analyst view
- **Analyst consensus: hold** (18 analysts). 18 analysts cover TELUS Corporation; the consensus is hold, with an average price target of C$14.31 (+7% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -35.5%** (YTD -22.4%, 3-mo -20.1%). The shares are down 35.5% over twelve months including dividends.
- **From 52-week high: -41.2%** (3.6% above the low). Trading 41% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 0.13** (volatility 22%). Beta of 0.13 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=T.TO · Page: https://foliofundamentals.com/stocks/t.to

Not investment advice.