BCE Inc
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. The Bell Communication and Technology Servic… Read more
BCE Inc (BCE) - Net Assets
Latest net assets as of December 2025: $23.21 Billion USD
Based on the latest financial reports, BCE Inc (BCE) has net assets worth $23.21 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($80.08 Billion) and total liabilities ($56.87 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $23.21 Billion |
| % of Total Assets | 28.98% |
| Annual Growth Rate | 2.93% |
| 5-Year Change | 1.16% |
| 10-Year Change | 29.98% |
| Growth Volatility | 15.65 |
BCE Inc - Net Assets Trend (1985–2025)
This chart illustrates how BCE Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for BCE Inc (1985–2025)
The table below shows the annual net assets of BCE Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $23.21 Billion | +33.68% |
| 2024-12-31 | $17.36 Billion | -15.55% |
| 2023-12-31 | $20.56 Billion | -8.70% |
| 2022-12-31 | $22.52 Billion | -1.86% |
| 2021-12-31 | $22.94 Billion | +37.03% |
| 2020-12-31 | $16.74 Billion | +1.41% |
| 2019-12-31 | $16.51 Billion | -20.20% |
| 2018-12-31 | $20.69 Billion | +0.31% |
| 2017-12-31 | $20.62 Billion | +15.52% |
| 2016-12-31 | $17.85 Billion | +3.03% |
| 2015-12-31 | $17.33 Billion | +13.71% |
| 2014-12-31 | $15.24 Billion | -6.22% |
| 2013-12-31 | $16.25 Billion | +10.36% |
| 2012-12-31 | $14.72 Billion | -0.23% |
| 2011-12-31 | $14.76 Billion | -18.88% |
| 2010-12-31 | $18.19 Billion | +0.94% |
| 2009-12-31 | $18.02 Billion | -2.00% |
| 2008-12-31 | $18.39 Billion | +2.72% |
| 2007-12-31 | $17.90 Billion | +15.15% |
| 2006-12-31 | $15.55 Billion | -11.76% |
| 2005-12-31 | $17.62 Billion | +4.05% |
| 2004-12-31 | $16.93 Billion | -0.29% |
| 2003-12-31 | $16.98 Billion | +3.14% |
| 2002-12-31 | $16.47 Billion | -27.41% |
| 2001-12-31 | $22.69 Billion | +6.88% |
| 2000-12-31 | $21.23 Billion | +4.29% |
| 1999-12-31 | $20.35 Billion | +34.77% |
| 1998-12-31 | $15.10 Billion | -2.07% |
| 1997-12-31 | $15.42 Billion | -7.81% |
| 1996-12-31 | $16.73 Billion | +11.98% |
| 1995-12-31 | $14.94 Billion | -2.56% |
| 1994-12-31 | $15.33 Billion | +6.25% |
| 1993-12-31 | $14.43 Billion | -11.93% |
| 1992-12-31 | $16.38 Billion | +4.30% |
| 1991-12-31 | $15.71 Billion | +55.68% |
| 1990-12-31 | $10.09 Billion | +5.68% |
| 1989-12-31 | $9.55 Billion | +2.05% |
| 1988-12-31 | $9.36 Billion | +3.68% |
| 1987-12-31 | $9.02 Billion | +7.86% |
| 1986-12-31 | $8.37 Billion | +14.46% |
| 1985-12-31 | $7.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to BCE Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 233.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $21.49 Billion | 93.79% |
| Other Comprehensive Income | $503.00 Million | 2.19% |
| Other Components | $4.60 Billion | 20.05% |
| Total Equity | $22.92 Billion | 100.00% |
BCE Inc Competitors by Market Cap
The table below lists competitors of BCE Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HEICO CORP. A DL-01
F:HC1A
|
$24.23 Billion |
|
Amrize AG
F:J0J
|
$24.26 Billion |
|
Live Nation Entertainment Inc
NYSE:LYV
|
$24.35 Billion |
|
PT Bank Central Asia Tbk
PINK:PBCRF
|
$24.37 Billion |
|
Markel Corporation
NYSE:MKL
|
$24.17 Billion |
|
Citizens Financial Group, Inc.
NYSE:CFG
|
$24.02 Billion |
|
Swiss Life Holding AG
PINK:SWSDF
|
$23.94 Billion |
|
A. Schulman Inc
PINK:SLMNP
|
$23.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BCE Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,071,000,000 to 22,917,000,000, a change of 5,846,000,000 (34.2%).
- Net income of 6,299,862,000 contributed positively to equity growth.
- Dividend payments of 2,177,000,000 reduced retained earnings.
- Share repurchases of 216,000,000 reduced equity.
- Other comprehensive income increased equity by 662,000,000.
- Other factors increased equity by 1,277,138,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.30 Billion | +27.49% |
| Dividends Paid | $2.18 Billion | -9.5% |
| Share Repurchases | $216.00 Million | -0.94% |
| Other Comprehensive Income | $662.00 Million | +2.89% |
| Other Changes | $1.28 Billion | +5.57% |
| Total Change | $- | 34.25% |
Book Value vs Market Value Analysis
This analysis compares BCE Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.05x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.74x to 1.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $14.99 | $26.01 | x |
| 1986-12-31 | $16.06 | $26.01 | x |
| 1987-12-31 | $16.49 | $26.01 | x |
| 1988-12-31 | $16.42 | $26.01 | x |
| 1989-12-31 | $16.03 | $26.01 | x |
| 1990-12-31 | $16.65 | $26.01 | x |
| 1991-12-31 | $19.47 | $26.01 | x |
| 1992-12-31 | $20.15 | $26.01 | x |
| 1993-12-31 | $17.48 | $26.01 | x |
| 1994-12-31 | $18.33 | $26.01 | x |
| 1995-12-31 | $18.19 | $26.01 | x |
| 1996-12-31 | $18.91 | $26.01 | x |
| 1997-12-31 | $15.43 | $26.01 | x |
| 1998-12-31 | $21.26 | $26.01 | x |
| 1999-12-31 | $27.92 | $26.01 | x |
| 2000-12-31 | $25.71 | $26.01 | x |
| 2001-12-31 | $20.83 | $26.01 | x |
| 2002-12-31 | $14.10 | $26.01 | x |
| 2003-12-31 | $14.76 | $26.01 | x |
| 2004-12-31 | $15.18 | $26.01 | x |
| 2005-12-31 | $15.88 | $26.01 | x |
| 2006-12-31 | $15.52 | $26.01 | x |
| 2007-12-31 | $21.38 | $26.01 | x |
| 2008-12-31 | $21.45 | $26.01 | x |
| 2009-12-31 | $21.96 | $26.01 | x |
| 2010-12-31 | $22.66 | $26.01 | x |
| 2011-12-31 | $17.85 | $26.01 | x |
| 2012-12-31 | $17.91 | $26.01 | x |
| 2013-12-31 | $19.33 | $26.01 | x |
| 2014-12-31 | $18.81 | $26.01 | x |
| 2015-12-31 | $20.07 | $26.01 | x |
| 2016-12-31 | $20.15 | $26.01 | x |
| 2017-12-31 | $21.41 | $26.01 | x |
| 2018-12-31 | $22.65 | $26.01 | x |
| 2019-12-31 | $18.03 | $26.01 | x |
| 2020-12-31 | $18.22 | $26.01 | x |
| 2021-12-31 | $24.96 | $26.01 | x |
| 2022-12-31 | $24.32 | $26.01 | x |
| 2023-12-31 | $22.18 | $26.01 | x |
| 2024-12-31 | $18.71 | $26.01 | x |
| 2025-12-31 | $24.68 | $26.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BCE Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 27.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.77%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 3.49x
- Recent ROE (27.49%) is above the historical average (13.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 14.38% | 7.93% | 0.64x | 2.82x | $319.85 Million |
| 1986 | 12.24% | 7.35% | 0.59x | 2.83x | $187.00 Million |
| 1987 | 12.04% | 7.42% | 0.56x | 2.88x | $184.54 Million |
| 1988 | 9.48% | 5.82% | 0.54x | 3.00x | $-48.58 Million |
| 1989 | 7.97% | 4.56% | 0.42x | 4.11x | $-193.71 Million |
| 1990 | 11.37% | 6.24% | 0.44x | 4.16x | $137.97 Million |
| 1991 | 11.11% | 6.68% | 0.44x | 3.82x | $133.08 Million |
| 1992 | 11.29% | 6.69% | 0.43x | 3.93x | $159.26 Million |
| 1993 | -6.01% | -3.31% | 0.54x | 3.36x | $-1.75 Billion |
| 1994 | 10.38% | 5.44% | 0.57x | 3.36x | $42.80 Million |
| 1995 | 6.93% | 3.18% | 0.64x | 3.43x | $-346.90 Million |
| 1996 | 9.62% | 4.09% | 0.68x | 3.45x | $-45.22 Million |
| 1997 | -15.66% | -4.45% | 0.86x | 4.11x | $-2.52 Billion |
| 1998 | 33.69% | 16.75% | 0.85x | 2.36x | $3.23 Billion |
| 1999 | 30.51% | 38.40% | 0.38x | 2.07x | $3.67 Billion |
| 2000 | 27.84% | 26.86% | 0.35x | 2.94x | $3.11 Billion |
| 2001 | 2.59% | 2.00% | 0.40x | 3.23x | $-1.25 Billion |
| 2002 | 19.09% | 12.18% | 0.50x | 3.14x | $1.15 Billion |
| 2003 | 13.37% | 9.52% | 0.48x | 2.90x | $457.04 Million |
| 2004 | 11.36% | 8.30% | 0.49x | 2.79x | $190.30 Million |
| 2005 | 13.33% | 10.27% | 0.47x | 2.75x | $489.71 Million |
| 2006 | 15.02% | 11.33% | 0.48x | 2.76x | $670.43 Million |
| 2007 | 23.54% | 22.71% | 0.47x | 2.19x | $2.33 Billion |
| 2008 | 5.45% | 5.33% | 0.45x | 2.29x | $-788.06 Million |
| 2009 | 10.24% | 9.80% | 0.47x | 2.24x | $40.60 Million |
| 2010 | 12.76% | 12.15% | 0.46x | 2.28x | $474.30 Million |
| 2011 | 16.98% | 12.00% | 0.49x | 2.86x | $962.20 Million |
| 2012 | 18.70% | 12.99% | 0.49x | 2.95x | $1.21 Billion |
| 2013 | 14.03% | 10.32% | 0.45x | 3.02x | $604.90 Million |
| 2014 | 16.73% | 11.88% | 0.45x | 3.10x | $1.01 Billion |
| 2015 | 15.73% | 12.45% | 0.45x | 2.82x | $975.70 Million |
| 2016 | 17.28% | 13.96% | 0.43x | 2.86x | $1.28 Billion |
| 2017 | 15.63% | 13.18% | 0.41x | 2.91x | $1.08 Billion |
| 2018 | 14.38% | 12.48% | 0.41x | 2.80x | $892.70 Million |
| 2019 | 15.14% | 13.41% | 0.40x | 2.85x | $835.63 Million |
| 2020 | 15.99% | 11.51% | 0.48x | 2.89x | $986.51 Million |
| 2021 | 12.55% | 12.11% | 0.35x | 2.95x | $576.50 Million |
| 2022 | 12.93% | 11.86% | 0.35x | 3.13x | $650.20 Million |
| 2023 | 11.19% | 9.17% | 0.34x | 3.56x | $240.10 Million |
| 2024 | 2.02% | 1.41% | 0.33x | 4.30x | $-1.36 Billion |
| 2025 | 27.49% | 25.77% | 0.31x | 3.49x | $4.01 Billion |
Industry Comparison
This section compares BCE Inc's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BCE Inc (BCE) | $23.21 Billion | 14.38% | 2.45x | $24.21 Billion |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |