BCE Inc (BCE) - Net Assets
Based on the latest financial reports, BCE Inc (BCE) has net assets worth CA$22.76 Billion CAD (≈ $16.46 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$78.58 Billion ≈ $56.85 Billion USD) and total liabilities (CA$55.83 Billion ≈ $40.38 Billion USD). 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. Check BCE asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$22.76 Billion |
| % of Total Assets | 28.96% |
| Annual Growth Rate | 2.24% |
| 5-Year Change | -18.61% |
| 10-Year Change | 0.18% |
| Growth Volatility | 13.58 |
BCE Inc - Net Assets Trend (1985–2024)
This chart illustrates how BCE Inc's net assets have evolved over time, based on quarterly financial data. Also explore BCE total assets for the complete picture of this company's asset base.
Annual Net Assets for BCE Inc (1985–2024)
The table below shows the annual net assets of BCE Inc from 1985 to 2024. For live valuation and market cap data, see BCE Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CA$17.36 Billion ≈ $12.56 Billion |
-15.55% |
| 2023-12-31 | CA$20.56 Billion ≈ $14.87 Billion |
-8.70% |
| 2022-12-31 | CA$22.52 Billion ≈ $16.29 Billion |
-1.86% |
| 2021-12-31 | CA$22.94 Billion ≈ $16.60 Billion |
+7.56% |
| 2020-12-31 | CA$21.33 Billion ≈ $15.43 Billion |
-0.94% |
| 2019-12-31 | CA$21.53 Billion ≈ $15.58 Billion |
+4.07% |
| 2018-12-31 | CA$20.69 Billion ≈ $14.97 Billion |
+6.19% |
| 2017-12-31 | CA$19.48 Billion ≈ $14.09 Billion |
+9.12% |
| 2016-12-31 | CA$17.85 Billion ≈ $12.92 Billion |
+3.03% |
| 2015-12-31 | CA$17.33 Billion ≈ $12.54 Billion |
+13.71% |
| 2014-12-31 | CA$15.24 Billion ≈ $11.02 Billion |
-6.22% |
| 2013-12-31 | CA$16.25 Billion ≈ $11.76 Billion |
+10.36% |
| 2012-12-31 | CA$14.72 Billion ≈ $10.65 Billion |
-0.23% |
| 2011-12-31 | CA$14.76 Billion ≈ $10.68 Billion |
-18.88% |
| 2010-12-31 | CA$18.19 Billion ≈ $13.16 Billion |
+0.94% |
| 2009-12-31 | CA$18.02 Billion ≈ $13.04 Billion |
-2.00% |
| 2008-12-31 | CA$18.39 Billion ≈ $13.30 Billion |
+0.30% |
| 2007-12-31 | CA$18.34 Billion ≈ $13.26 Billion |
+17.93% |
| 2006-12-31 | CA$15.55 Billion ≈ $11.25 Billion |
-11.76% |
| 2005-12-31 | CA$17.62 Billion ≈ $12.75 Billion |
+3.97% |
| 2004-12-31 | CA$16.95 Billion ≈ $12.26 Billion |
-0.22% |
| 2003-12-31 | CA$16.98 Billion ≈ $12.29 Billion |
+3.14% |
| 2002-12-31 | CA$16.47 Billion ≈ $11.91 Billion |
-27.41% |
| 2001-12-31 | CA$22.69 Billion ≈ $16.41 Billion |
+6.88% |
| 2000-12-31 | CA$21.23 Billion ≈ $15.35 Billion |
+4.29% |
| 1999-12-31 | CA$20.35 Billion ≈ $14.72 Billion |
+35.65% |
| 1998-12-31 | CA$15.00 Billion ≈ $10.85 Billion |
-2.70% |
| 1997-12-31 | CA$15.42 Billion ≈ $11.15 Billion |
-7.81% |
| 1996-12-31 | CA$16.73 Billion ≈ $12.10 Billion |
+8.80% |
| 1995-12-31 | CA$15.37 Billion ≈ $11.12 Billion |
+0.29% |
| 1994-12-31 | CA$15.33 Billion ≈ $11.09 Billion |
+6.25% |
| 1993-12-31 | CA$14.43 Billion ≈ $10.44 Billion |
-11.93% |
| 1992-12-31 | CA$16.38 Billion ≈ $11.85 Billion |
+4.30% |
| 1991-12-31 | CA$15.71 Billion ≈ $11.36 Billion |
+55.68% |
| 1990-12-31 | CA$10.09 Billion ≈ $7.30 Billion |
+5.68% |
| 1989-12-31 | CA$9.55 Billion ≈ $6.91 Billion |
+2.05% |
| 1988-12-31 | CA$9.36 Billion ≈ $6.77 Billion |
+3.68% |
| 1987-12-31 | CA$9.02 Billion ≈ $6.53 Billion |
+7.86% |
| 1986-12-31 | CA$8.37 Billion ≈ $6.05 Billion |
+14.46% |
| 1985-12-31 | CA$7.31 Billion ≈ $5.29 Billion |
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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 406.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CA$20.86 Billion | 122.20% |
| Other Comprehensive Income | CA$-159.00 Million | -0.93% |
| Other Components | CA$4.81 Billion | 28.18% |
| Total Equity | CA$17.07 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 |
|---|---|
|
EVE Energy
SHE:300014
|
$22.03 Billion |
|
Brambles Ltd
AU:BXB
|
$22.03 Billion |
|
Astera Labs, Inc.
NASDAQ:ALAB
|
$22.04 Billion |
|
STD BK GRP SP.ADRS RC-10
F:SKCS
|
$22.06 Billion |
|
Telenor ASA
OL:TEL
|
$21.95 Billion |
|
NiSource Inc
NYSE:NI
|
$21.94 Billion |
|
Yuanta Financial Holdings Co Ltd
TW:2885
|
$21.92 Billion |
|
Omnicom Group Inc
NYSE:OMC
|
$21.92 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 2023 to 2024, total equity changed from 20,229,000,000 to 17,071,000,000, a change of -3,158,000,000 (-15.6%).
- Net income of 344,000,000 contributed positively to equity growth.
- Dividend payments of 3,800,000,000 reduced retained earnings.
- Share repurchases of 327,000,000 reduced equity.
- Other comprehensive income decreased equity by 117,000,000.
- Other factors increased equity by 742,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$344.00 Million | +2.02% |
| Dividends Paid | CA$3.80 Billion | -22.26% |
| Share Repurchases | CA$327.00 Million | -1.92% |
| Other Comprehensive Income | CA$-117.00 Million | -0.69% |
| Other Changes | CA$742.00 Million | +4.35% |
| Total Change | CA$- | -15.61% |
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: 1.74x
- 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 2.17x to 1.74x 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 | CA$14.99 | CA$32.56 | x |
| 1986-12-31 | CA$16.06 | CA$32.56 | x |
| 1987-12-31 | CA$16.49 | CA$32.56 | x |
| 1988-12-31 | CA$16.42 | CA$32.56 | x |
| 1989-12-31 | CA$16.03 | CA$32.56 | x |
| 1990-12-31 | CA$16.65 | CA$32.56 | x |
| 1991-12-31 | CA$19.47 | CA$32.56 | x |
| 1992-12-31 | CA$20.15 | CA$32.56 | x |
| 1993-12-31 | CA$17.48 | CA$32.56 | x |
| 1994-12-31 | CA$18.33 | CA$32.56 | x |
| 1995-12-31 | CA$18.19 | CA$32.56 | x |
| 1996-12-31 | CA$18.91 | CA$32.56 | x |
| 1997-12-31 | CA$15.43 | CA$32.56 | x |
| 1998-12-31 | CA$21.26 | CA$32.56 | x |
| 1999-12-31 | CA$27.92 | CA$32.56 | x |
| 2000-12-31 | CA$25.71 | CA$32.56 | x |
| 2001-12-31 | CA$21.07 | CA$32.56 | x |
| 2002-12-31 | CA$14.39 | CA$32.56 | x |
| 2003-12-31 | CA$14.76 | CA$32.56 | x |
| 2004-12-31 | CA$15.18 | CA$32.56 | x |
| 2005-12-31 | CA$15.88 | CA$32.56 | x |
| 2006-12-31 | CA$15.52 | CA$32.56 | x |
| 2007-12-31 | CA$21.38 | CA$32.56 | x |
| 2008-12-31 | CA$21.45 | CA$32.56 | x |
| 2009-12-31 | CA$21.96 | CA$32.56 | x |
| 2010-12-31 | CA$22.66 | CA$32.56 | x |
| 2011-12-31 | CA$17.85 | CA$32.56 | x |
| 2012-12-31 | CA$17.91 | CA$32.56 | x |
| 2013-12-31 | CA$19.33 | CA$32.56 | x |
| 2014-12-31 | CA$18.81 | CA$32.56 | x |
| 2015-12-31 | CA$20.07 | CA$32.56 | x |
| 2016-12-31 | CA$20.15 | CA$32.56 | x |
| 2017-12-31 | CA$21.41 | CA$32.56 | x |
| 2018-12-31 | CA$22.65 | CA$32.56 | x |
| 2019-12-31 | CA$23.52 | CA$32.56 | x |
| 2020-12-31 | CA$23.21 | CA$32.56 | x |
| 2021-12-31 | CA$24.96 | CA$32.56 | x |
| 2022-12-31 | CA$24.32 | CA$32.56 | x |
| 2023-12-31 | CA$22.18 | CA$32.56 | x |
| 2024-12-31 | CA$18.71 | CA$32.56 | 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): 2.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.41%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 4.30x
- Recent ROE (2.02%) is below the historical average (12.74%), suggesting potential challenges in 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 | CA$319.85 Million |
| 1986 | 12.24% | 7.35% | 0.59x | 2.83x | CA$187.00 Million |
| 1987 | 12.04% | 7.42% | 0.56x | 2.88x | CA$184.54 Million |
| 1988 | 9.48% | 5.82% | 0.54x | 3.00x | CA$-48.58 Million |
| 1989 | 7.97% | 4.56% | 0.42x | 4.11x | CA$-193.71 Million |
| 1990 | 11.37% | 6.24% | 0.44x | 4.16x | CA$137.97 Million |
| 1991 | 11.11% | 6.68% | 0.44x | 3.82x | CA$133.08 Million |
| 1992 | 11.29% | 6.69% | 0.43x | 3.93x | CA$159.26 Million |
| 1993 | -6.01% | -3.31% | 0.54x | 3.36x | CA$-1.75 Billion |
| 1994 | 10.38% | 5.44% | 0.57x | 3.36x | CA$42.80 Million |
| 1995 | 6.93% | 3.18% | 0.64x | 3.43x | CA$-346.93 Million |
| 1996 | 9.62% | 4.09% | 0.68x | 3.45x | CA$-45.22 Million |
| 1997 | -15.66% | -4.63% | 0.82x | 4.11x | CA$-2.52 Billion |
| 1998 | 33.70% | 16.75% | 0.86x | 2.35x | CA$3.23 Billion |
| 1999 | 30.51% | 38.41% | 0.38x | 2.07x | CA$3.67 Billion |
| 2000 | 27.85% | 26.87% | 0.35x | 2.94x | CA$3.12 Billion |
| 2001 | 3.08% | 2.41% | 0.40x | 3.20x | CA$-1.18 Billion |
| 2002 | 19.23% | 12.52% | 0.50x | 3.07x | CA$1.19 Billion |
| 2003 | 13.37% | 9.52% | 0.48x | 2.90x | CA$457.04 Million |
| 2004 | 11.36% | 8.30% | 0.49x | 2.79x | CA$190.30 Million |
| 2005 | 13.33% | 10.27% | 0.47x | 2.76x | CA$489.71 Million |
| 2006 | 15.02% | 11.33% | 0.48x | 2.76x | CA$670.43 Million |
| 2007 | 23.54% | 22.71% | 0.47x | 2.19x | CA$2.33 Billion |
| 2008 | 5.45% | 5.33% | 0.45x | 2.29x | CA$-787.64 Million |
| 2009 | 10.24% | 9.80% | 0.47x | 2.24x | CA$40.60 Million |
| 2010 | 13.23% | 12.60% | 0.46x | 2.28x | CA$556.30 Million |
| 2011 | 16.98% | 12.00% | 0.49x | 2.86x | CA$962.20 Million |
| 2012 | 17.70% | 12.29% | 0.49x | 2.95x | CA$1.07 Billion |
| 2013 | 14.03% | 10.32% | 0.45x | 3.02x | CA$604.90 Million |
| 2014 | 16.73% | 11.88% | 0.45x | 3.10x | CA$1.01 Billion |
| 2015 | 15.73% | 12.45% | 0.45x | 2.82x | CA$975.70 Million |
| 2016 | 17.28% | 13.96% | 0.43x | 2.86x | CA$1.28 Billion |
| 2017 | 15.63% | 13.16% | 0.42x | 2.83x | CA$1.08 Billion |
| 2018 | 14.38% | 12.48% | 0.41x | 2.80x | CA$892.70 Million |
| 2019 | 15.05% | 13.41% | 0.39x | 2.85x | CA$1.07 Billion |
| 2020 | 12.55% | 11.51% | 0.38x | 2.89x | CA$535.10 Million |
| 2021 | 12.55% | 12.11% | 0.35x | 2.95x | CA$576.50 Million |
| 2022 | 12.93% | 11.86% | 0.35x | 3.13x | CA$650.20 Million |
| 2023 | 11.19% | 9.17% | 0.34x | 3.56x | CA$240.10 Million |
| 2024 | 2.02% | 1.41% | 0.33x | 4.30x | CA$-1.36 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: $1,836,348,970
- Average return on equity (ROE) among peers: -59.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BCE Inc (BCE) | CA$22.76 Billion | 14.38% | 2.45x | $21.96 Billion |
| Adya Inc (ADYA) | $1.29 Million | 6.91% | 1.11x | $6.32 Million |
| Cogeco Communications Inc (CCA) | $1.60 Billion | 18.71% | 2.34x | $1.38 Billion |
| Cogeco Inc. (CGO) | $737.89 Million | 9.40% | 1.49x | $362.22 Million |
| Quebecor Inc (QBR-A) | $75.17 Million | 17.45% | 1.75x | $2.98 Billion |
| Quebecor Inc (QBR-B) | $5.04 Billion | 1.32% | 2.00x | $6.36 Billion |
| Rogers Communications Inc (RCI-A) | $4.67 Billion | 35.75% | 4.05x | $4.03 Billion |
| Rogers Communications Inc (RCI-B) | $45.50 Million | -611.75% | 131.19x | $15.36 Billion |
| Telus Corp (T) | $4.32 Billion | 8.09% | 0.81x | $19.28 Billion |
| TeraGo Inc. (TGO) | $41.92 Million | -17.40% | 1.10x | $25.39 Million |
About 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. It operates in two segments: Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voic… Read more