TELUS Corporation (TU) P/E Ratio History
Historical price-to-earnings valuation from 1999 to 2025
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TU Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, TELUS Corporation (TU) trades at a price-to-earnings ratio of 24.4x, with a stock price of $12.90 and trailing twelve-month earnings per share of $0.72.
The current P/E is roughly in line with its 5-year average of 22.3x. Over the past five years, TU's P/E has ranged from a low of 13.4x to a high of 30.8x, placing the current valuation at the 70th percentile of its historical range.
Compared to the Communication Services sector median P/E of 15.4x, TU trades at a 59% premium to its sector peers. The sector includes 108 companies with P/E ratios ranging from 0.1x to 179.7x.
Relative to the broader market, TU trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TU DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
TU P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $23B | 4.9Lowest | 0.23Best | +3667%Best | |
| $176B | 8.3 | - | +104% | |
| $199B | 11.6 | - | -2% | |
| $210B | 20.0 | 0.67 | +1% | |
| $365B | 36.1 | - | +0% | |
| $71B | 95.7 | - | -52% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
TU Historical P/E Data (1999–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $13.17 | $0.71 | 18.4x | +11% |
| FY2025 Q3 | $15.77 | $0.77 | 20.4x | +23% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $16.06 | $0.64 | 24.9x | +50% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $14.34 | $0.79 | 18.2x | +10% |
| FY2024 Q4 | $13.56 | $0.67 | 20.4x | +23% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $16.78 | $0.63 | 26.8x | +62% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $15.14 | $0.53 | 28.6x | +73% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $16.01 | $0.52 | 30.8x | +86% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $17.79 | $0.58 | 30.5x | +84% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $16.34 | $0.55 | 29.5x | +78% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $19.46 | $0.83 | 23.4x | +42% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $19.86 | $1.03 | 19.3x | +16% |
Average P/E for displayed period: 16.6x
Full TU Stock Analysis
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Start ComparisonTU — Frequently Asked Questions
Quick answers to the most common questions about buying TU stock.
Is TU stock overvalued or undervalued?
TU trades at 24.4x P/E, near its 5-year average of 22.3x. The 70th percentile ranking places valuation within normal historical bounds.
How does TU's valuation compare to peers?
TELUS Corporation P/E of 24.4x compares to sector median of 15.4x. The premium reflects expected growth above peers.
What is TU's PEG ratio?
TU PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1999-2025.