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Media & telecom

BCE (BCE)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Sell23 / 100

Sell: 23 is at or below your Sell line of 40. Off the high (−20% from its 1-year high) scores 32 and lifts it; Trend (−14% vs 200-day) scores 17 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightBCEPointsWeightAdds
Plays in20%20408.0
Off the high−20% from its 1-year high32309.6
Trend−14% vs 200-day17305.1
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for BCE
FactorBCEPointsWhat it is
Plays in20%20The share of the plays you count that hold it now.
Analysts' upside+34% · 18 analysts · capped: below 200-day50How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating2.2 · buy42The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E4.1×99Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E10.5×82Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG0.2296P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth. Source: Yahoo Finance.
Price to sales1.0×87Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book1.2×90Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield6.5%97Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth−4%26Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+2%14Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin26%76Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity30%84Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity1.73×11Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high−20% from its 1-year high32How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend−14% vs 200-day17How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum−13%21The price change over the last 12 months. Higher ranks higher.
Low crash exposure3/10 · moderate70The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on BCE

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in20 / 100Every play Be The Puck tests, in 7 families.
Crash exposureModerate3 of 10 on the storm testMayer Multiple0.86×Price ÷ its 200-day average (−14%). Higher than on 5% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about BCE now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved BCE lately

Its biggest move against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on BCE

All 100 plays, by family.

Calls right: how often the play's calls on BCE went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyOUTSep 15, 2026 −13.3%Enter above C$29.17 (+5.4%)28% 173/623+1.7% / +5.3%−52.7% / −50.4%
Bull Market Support BandBenjamin Cowen · weeklyOUTSep 18, 2026 −10.5%Enter above C$30.96 (+11.9%)27% 30/111+4.9% / +5.3%−33.5% / −50.4%
Ripster EMA CloudRipster · dailyOUTSep 16, 2026 −12.2%Enter above C$30.26 (+9.3%)21% 86/401+0.3% / +5.3%−57.4% / −50.4%
Trend TemplateMark Minervini · dailyOUTApr 29, 2022 −44.7%Not on one close28% 14/50+2.5% / +5.3%−14.7% / −50.4%
Stage AnalysisStan Weinstein · weeklyOUTJun 19, 2026 −14.3%Enter above C$52.19 (+88.6%)22% 18/83+7.0% / +5.3%−26.9% / −50.4%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTApr 10, 2026 −12.0%Enter above C$34.97 (+26.4%)24% 24/102+2.4% / +5.3%−24.1% / −50.4%
10-Month SMAMeb Faber · month-endOUTJun 30, 2026 −8.2%Enter above C$32.13 (+16.1%)42% 13/31+7.0% / +5.3%−29.9% / −50.4%
200-Day RulePaul Tudor Jones · dailyOUTSep 8, 2026 −14.0%Enter above C$32.09 (+16.0%)15% 25/169+3.7% / +5.3%−52.8% / −50.4%
Golden CrossMarket tradition · dailyOUTJul 15, 2026 −7.6%Not on one close38% 8/21+4.7% / +5.3%−33.6% / −50.4%
Granville 200-DayJoseph E. Granville · dailyOUTSep 8, 2026 −14.0%Enter above C$57.75 (+108.7%)16% 17/104+5.1% / +5.3%−44.0% / −50.4%
Hull Moving AverageAlan Hull · weeklyOUTSep 25, 2026 −6.8%Enter above C$36.12 (+30.6%)37% 53/143+2.6% / +5.3%−46.4% / −50.4%
Kaufman Adaptive MAPerry J. Kaufman · dailyOUTSep 16, 2026 −12.2%Enter above C$27.98 (+1.1%)26% 206/791+0.3% / +5.3%−64.0% / −50.4%
TEMA CrossoverPatrick G. Mulloy · dailyOUTSep 15, 2026 −13.3%Enter above C$36.24 (+31.0%)38% 98/259+2.7% / +5.3%−43.6% / −50.4%
Seykota 15/150Ed Seykota · dailyOUTJun 30, 2026 −8.2%Enter above C$65.48 (+136.6%)21% 6/29+5.1% / +5.2%−31.3% / −50.4%
Guppy Multiple MAsDaryl Guppy · dailyOUTSep 18, 2026 −10.5%Enter above C$46.89 (+69.5%)27% 39/145+1.2% / +5.3%−56.5% / −50.4%
Ichimoku CloudGoichi Hosoda · dailyOUTSep 22, 2026 −9.5%Not on one close28% 35/125+2.6% / +5.3%−46.2% / −50.4%
SupertrendOlivier Seban · dailyOUTSep 18, 2026 −10.5%Enter above C$29.45 (+6.4%)36% 56/157+2.4% / +5.3%−31.4% / −50.4%
Williams AlligatorBill Williams · dailyOUTSep 21, 2026 −10.4%Not on one close44% 146/329+2.4% / +5.3%−44.8% / −50.4%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyOUTSep 16, 2026 −12.2%Enter above C$33.21 (+20.0%)37% 193/527+2.8% / +5.3%−41.8% / −50.4%
AroonTushar S. Chande · dailyOUTSep 16, 2026 −12.2%Enter above C$32.94 (+19.0%)42% 87/207+2.5% / +5.3%−48.5% / −50.4%
Parabolic SARJ. Welles Wilder Jr. · dailyOUTSep 16, 2026 −12.2%Enter above C$28.18 (+1.8%)39% 192/493+0.8% / +5.3%−48.6% / −50.4%
ADX TrendJ. Welles Wilder Jr. · dailyOUTSep 22, 2026 −9.5%Enter above C$30.26 (+9.4%)35% 56/162+2.4% / +5.3%−14.9% / −50.4%
MACD Zero LineGerald Appel · dailyOUTSep 18, 2026 −10.5%Enter above C$40.33 (+45.8%)28% 56/197+1.0% / +5.3%−53.1% / −50.4%
Zweig 4% ModelMartin Zweig · weeklyOUTSep 18, 2026 −10.5%Enter above C$27.87 (+0.7%)32% 38/117+4.7% / +5.3%−32.2% / −50.4%
MAMA/FAMA CrossJohn F. Ehlers · dailyOUTSep 21, 2026 −10.4%Enter above C$80.30 (+190.2%)31% 67/217+2.4% / +5.3%−52.2% / −50.4%
Schaff Trend CycleDoug Schaff · dailyOUTJun 17, 2026 −14.8%Not on one close41% 91/221+3.8% / +5.3%−22.3% / −50.4%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyOUTSep 18, 2026 −10.5%Enter above C$39.16 (+41.5%)28% 37/131+0.7% / +5.3%−51.9% / −50.4%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyOUTSep 22, 2026 −9.5%Enter above C$48.81 (+76.4%)23% 31/1350.0% / +5.3%−59.8% / −50.4%
Elder Triple ScreenAlexander Elder · dailyOUTSep 18, 2026 −10.5%Not on one close32% 64/198+0.4% / +5.3%−34.0% / −50.4%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTApr 7, 2026 −14.4%Not on one close31% 18/58+0.0% / +5.3%−15.7% / −50.4%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyOUTSep 17, 2026 −11.3%Enter above C$32.94 (+19.0%)36% 48/133+1.3% / +5.3%−47.8% / −50.4%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTApr 2, 2026 −16.6%Enter above C$32.94 (+19.0%)36% 50/139+4.0% / +5.3%−21.8% / −50.4%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTApr 2, 2026 −16.6%Enter above C$32.94 (+19.0%)38% 38/101+3.9% / +5.3%−17.4% / −50.4%
Clenow TrendAndreas F. Clenow · dailyOUTApr 6, 2026 −15.9%Enter above C$65.24 (+135.8%)42% 38/91+4.8% / +5.3%−17.7% / −50.4%
Darvas BoxNicolas Darvas · dailyOUTOct 27, 2025 −11.3%Not on one close35% 38/108+3.5% / +5.3%−30.2% / −50.4%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTJun 4, 2026 −15.1%Enter above C$31.37 (+13.4%)31% 49/156+1.2% / +5.3%−20.9% / −50.4%
Bollinger BreakoutJohn Bollinger · dailyOUTSep 2, 2026 −13.3%Enter above C$32.37 (+17.0%)34% 77/227+1.7% / +5.3%−31.2% / −50.4%
Chandelier ExitChuck LeBeau · dailyOUTSep 17, 2026 −11.3%Enter above C$32.15 (+16.2%)32% 62/191+0.4% / +5.3%−53.2% / −50.4%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyOUTSep 22, 2026 −9.5%Enter above C$29.12 (+5.3%)34% 60/179+2.6% / +5.3%−30.8% / −50.4%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyOUTJun 30, 2026 −8.2%Enter above C$33.28 (+20.3%)29% 9/31+4.3% / +5.1%−46.0% / −50.4%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyOUTSep 17, 2026 −11.3%Enter above C$31.14 (+12.5%)28% 89/321+0.9% / +5.3%−52.2% / −50.4%
Acceleration BandsPrice Headley · dailyOUTFeb 5, 2026 −17.9%Not on one close27% 43/158+1.6% / +5.3%−16.2% / −50.4%
TTM SqueezeJohn F. Carter · dailyOUTAug 24, 2026 −15.0%Not on one close38% 71/185+3.8% / +5.3%−14.4% / −50.4%
NR7 BreakoutToby Crabel · dailyOUTOct 9, 2026 +3.2%Enter above C$28.15 (+1.7%)36% 229/630+3.4% / +5.3%−42.5% / −50.4%
Bollinger SqueezeJohn Bollinger · dailyOUTOct 27, 2025 −11.3%Not on one close30% 15/50+3.4% / +5.3%−8.4% / −50.4%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endOUTJul 31, 2026 −7.8%Enter above C$31.55 (+14.0%)35% 6/17+7.2% / +5.3%−27.6% / −50.4%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endINSep 30, 2026 −4.5%Flips at next check50% 16/32+7.0% / +5.3%−27.6% / −50.4%
Dual MomentumGary Antonacci · month-endOUTDec 30, 2022 −39.2%Enter above C$35.08 (+26.8%)33% 10/30+4.5% / +5.3%−22.9% / −50.4%
Stocks on the MoveAndreas F. Clenow · dailyOUTApr 7, 2026 −14.4%Not on one close23% 37/163+3.8% / +5.3%−31.1% / −50.4%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endOUTSep 30, 2026 −4.5%Enter above C$33.00 (+19.3%)22% 2/9+5.1% / +5.3%−41.1% / −50.4%
Levy Relative StrengthRobert A. Levy · weeklyOUTApr 10, 2026 −12.0%Enter above C$32.60 (+17.8%)34% 47/138+3.0% / +5.3%−25.7% / −50.4%
MACD Signal CrossGerald Appel · dailyOUTAug 31, 2026 −14.2%Enter above C$29.55 (+6.8%)37% 160/435+4.4% / +5.3%−40.2% / −50.4%
Elder ImpulseAlexander Elder · dailyOUTSep 15, 2026 −13.3%Enter above C$28.54 (+3.1%)30% 227/747+0.4% / +5.3%−51.2% / −50.4%
Know Sure ThingMartin J. Pring · dailyOUTSep 3, 2026 −14.6%Enter above C$37.58 (+35.8%)41% 124/305+4.2% / +5.3%−37.1% / −50.4%
Coppock CurveEdwin S. C. Coppock · month-endINAug 29, 2025 −13.8%Exit below C$23.55 (−14.9%)47% 8/17+6.3% / +5.5%−43.9% / −50.4%
CCI +100Donald R. Lambert · dailyOUTAug 19, 2026 −14.3%Enter above C$33.16 (+19.9%)28% 178/632+1.1% / +5.3%−24.2% / −50.4%
TRIX Signal CrossJack K. Hutson · dailyOUTSep 9, 2026 −13.0%Enter above C$48.74 (+76.1%)42% 107/255+3.2% / +5.3%−43.0% / −50.4%
TSI Zero LineWilliam Blau · dailyOUTSep 18, 2026 −10.5%Enter above C$40.82 (+47.5%)28% 55/195+1.0% / +5.3%−53.1% / −50.4%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endOUTSep 30, 2026 −4.5%Enter above C$29.50 (+6.6%)32% 23/73+3.8% / +5.3%−37.0% / −50.4%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endINSep 30, 2026 −4.5%Flips at next check42% 10/24+5.9% / +5.0%−27.6% / −50.4%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyINSep 30, 2026 −4.5%Not on one close61% 19/31+7.3% / +5.3%−27.6% / −50.4%
PMO Signal CrossCarl Swenlin · dailyOUTSep 9, 2026 −13.0%Enter above C$32.39 (+17.1%)33% 113/341+2.9% / +5.3%−38.4% / −50.4%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyINApr 14, 2026 −13.6%Not on one close56% 20/36+1.0% / +5.3%−47.2% / −50.4%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTJun 23, 2026 −14.3%Not on one close57% 161/280+2.2% / +5.3%−15.5% / −50.4%
Double 7sLarry Connors & Cesar Alvarez · dailyOUTJul 16, 2026 −9.9%Not on one close63% 236/374+2.8% / +5.3%−28.7% / −50.4%
Bollinger ReversionJohn Bollinger · dailyINSep 16, 2026 −12.2%Sell above C$29.26 (+5.7%)59% 109/185+0.9% / +5.3%−36.1% / −50.4%
Stochastic 20/80George C. Lane · dailyINSep 22, 2026 −9.5%Not on one close65% 113/173+5.0% / +5.3%−29.2% / −50.4%
Williams %RLarry Williams · dailyINSep 3, 2026 −14.6%Not on one close57% 158/275−0.2% / +5.3%−49.9% / −50.4%
DeMark 9-CountTom DeMark · dailyINApr 15, 2026 −13.2%Not on one close58% 42/73+0.7% / +5.3%−46.1% / −50.4%
Mayer MultipleTrace Mayer · dailyINNov 22, 2004 +212.5%Sell above C$77.57 (+180.3%)–+5.3% / +5.3%−50.4% / −50.4%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTMar 2, 2020 −30.6%Not on one close50% 4/8+2.6% / +5.3%−5.1% / −50.4%
Laguerre RSIJohn F. Ehlers · dailyINSep 3, 2026 −14.6%Not on one close43% 135/316+1.4% / +5.3%−29.5% / −50.4%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyINAug 31, 2026 −14.2%Exit below C$27.22 (−1.6%)53% 220/417−1.2% / +5.3%−51.8% / −50.4%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 13, 2026 0.0%Buy below C$27.67 (0.0%)58% 1034/1798+0.8% / +5.3%−27.3% / −50.4%
Connors %bLarry Connors & Cesar Alvarez · dailyOUTJul 28, 2026 −8.9%Not on one close50% 51/102+2.8% / +5.3%−18.4% / −50.4%
Fisher TransformJohn F. Ehlers · dailyINOct 7, 2026 −1.8%Exit below C$27.20 (−1.7%)35% 381/1089−4.1% / +5.3%−65.6% / −50.4%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endINSep 30, 2026 −4.5%Sell above C$29.55 (+6.8%)63% 94/150+6.3% / +5.3%−34.1% / −50.4%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyOUTSep 8, 2026 −14.0%Not on one close25% 188/7470.0% / +5.3%−53.8% / −50.4%
Chaikin Money FlowMarc Chaikin · dailyOUTSep 4, 2026 −14.5%Not on one close37% 70/187+3.2% / +5.3%−42.0% / −50.4%
Money Flow IndexGene Quong & Avrum Soudack · dailyINJul 7, 2026 −7.7%Not on one close60% 25/42+2.4% / +5.3%−46.5% / −50.4%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyOUTSep 28, 2026 −5.2%Enter above C$27.91 (+0.9%)29% 24/82+4.5% / +5.2%−48.1% / −50.4%
Force IndexAlexander Elder · dailyOUTSep 15, 2026 −13.3%Enter above C$28.72 (+3.8%)30% 204/691+2.5% / +5.3%−53.2% / −50.4%
Buff AveragesBuff Dormeier · dailyOUTSep 9, 2026 −13.0%Enter above C$40.31 (+45.7%)39% 134/347+4.4% / +5.3%−24.9% / −50.4%
Chaikin OscillatorMarc Chaikin · dailyOUTAug 27, 2026 −13.6%Enter above C$27.67 (+0.0%)37% 211/565+3.8% / +5.3%−31.8% / −50.4%
Volume Flow IndicatorMarkos Katsanos · dailyOUTJun 15, 2026 −16.8%Not on one close36% 38/107+3.4% / +5.1%−34.4% / −50.4%
Klinger OscillatorStephen J. Klinger · dailyINOct 8, 2026 −2.4%Not on one close33% 302/908+0.6% / +5.3%−48.8% / −50.4%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyOUTJul 22, 2026 −7.1%Not on one close49% 73/150+1.9% / +5.3%−48.8% / −50.4%
HikkakeDaniel L. Chesler · dailyOUTSep 22, 2026 −9.5%Not on one close38% 30/80+5.8% / +5.3%−29.3% / −50.4%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTMay 8, 2026 −14.1%Not on one close46% 24/52+2.1% / +5.3%−17.0% / −50.4%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 −12.0%Buys Oct 3053% 23/43+3.1% / +5.3%−46.8% / −50.4%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyOUTApr 29, 2026 −10.7%Enter above C$27.72 (+0.2%)44% 19/43+2.9% / +5.3%−44.6% / −50.4%
Seasonal TimingSy Harding · dailyOUTApr 20, 2026 −13.2%Window opens Oct 1653% 23/43+3.4% / +5.3%−46.8% / −50.4%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 −11.8%Buys Dec 2357% 25/44+3.0% / +5.3%−3.5% / −50.4%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 −1.7%Buys Oct 2947% 246/526+1.0% / +5.3%−26.0% / −50.4%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 −4.5%Sells Jun 3064% 7/11+5.3% / +5.3%−18.0% / −50.4%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 −14.5%Buys Nov 2449% 188/386+0.9% / +5.3%−35.1% / −50.4%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 −39.2%Not on one close60% 12/20+3.0% / +5.3%−47.4% / −50.4%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1650% 1144/2284−0.3% / +5.3%−53.7% / −50.4%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 −12.2%Buys Oct 2742% 147/348+0.4% / +5.3%−16.2% / −50.4%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 −1.8%Sells Oct 1651% 275/541+3.5% / +5.3%−45.1% / −50.4%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINJan 4, 2005Always in–+5.3%−50.4%

If the market cracks: the storm test

How the storm test works
ExposureModerate3 of 10 points
  • Market swings1/3
  • Past crashes0/2
  • Debt2/3
  • Run-up0/2
  • It carries 1.8× as much debt as equity.

Past crashes, peak to low

Financial crisis Oct 2007 to Dec 2008 · back to its old high Dec 2010

BCE−46%
TSX−47%

COVID crash Feb 2020 to Mar 2020 · back to its old high Jun 2021

BCE−27%
TSX−37%

2022 bear market Jan 2022 to Oct 2022 · back to its old high Nov 2022

BCE−11%
TSX−14%
  • Beta0.13Moves about 0.1× as much as the TSX week to week.
  • Downside capture195%In months the TSX fell, this fell 195% as much on average.
  • Two-year change−30%
  • From 52-week high−20%
  • Debt to equity1.81×
  • Net debt / EBITDA4.7×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover5.3×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Telecom Services · BCE Inc., a communications company, provides wireless, wireline, internet, streaming services, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Communication and Technology Services Canada, Bell Communication and Technology Services United States, and Bell Media.

Size and valuation
Market capC$25.8BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)C$24.8BTotal sales. The market values it at 1.0× sales.
P/E ratio4.1×Buyers pay C$4 for each C$1 of the last year's profit.
Forward P/E10.5×Price against analysts' estimate of next year's profit.
Price to book1.2×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin25.9%Keeps 26¢ of each dollar of sales as profit.
Revenue growth+1.5%Last quarter's sales against the same quarter a year earlier.
Earnings growth−3.8%Same comparison for profit.
Return on equity30.5%Yearly profit as a share of shareholders' money in the business.
Free cash flowC$2.6BCash left after running and investing in the business.
Balance sheet
Total equityC$23.0BWhat it owns minus what it owes.
Total debtC$41.8BLoans and bonds it has to pay back, with interest.
CashC$479MCash and short-term investments on hand.
Debt to equity1.81×Above about 1.5× is heavily borrowed; above 3× is fragile in a downturn.
Interest cover5.3×Interest is easily paid from profit.
Wall Street
Average analyst targetC$37.1134% above the close, from 18 analysts (range C$32.00 to C$44.00).
Consensus ratingBuyAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield6.53%Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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