Telus Corp (T) - Net Assets

Latest as of March 2026: CA$16.37 Billion CAD ≈ $11.84 Billion USD

Based on the latest financial reports, Telus Corp (T) has net assets worth CA$16.37 Billion CAD (≈ $11.84 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$58.85 Billion ≈ $42.57 Billion USD) and total liabilities (CA$42.49 Billion ≈ $30.73 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 Telus Corp tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$16.37 Billion
% of Total Assets 27.81%
Annual Growth Rate 5.05%
5-Year Change 3.17%
10-Year Change 108.91%
Growth Volatility 17.89

Telus Corp - Net Assets Trend (1998–2025)

This chart illustrates how Telus Corp's net assets have evolved over time, based on quarterly financial data. See Telus Corp (T) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Telus Corp (1998–2025)

The table below shows the annual net assets of Telus Corp from 1998 to 2025. For live valuation and market cap data, see T company net worth.

Year Net Assets Change
2025-12-31 CA$16.58 Billion
≈ $11.99 Billion		 -1.30%
2024-12-31 CA$16.80 Billion
≈ $12.15 Billion		 -2.91%
2023-12-31 CA$17.30 Billion
≈ $12.52 Billion		 -1.89%
2022-12-31 CA$17.64 Billion
≈ $12.76 Billion		 +9.74%
2021-12-31 CA$16.07 Billion
≈ $11.62 Billion		 +27.27%
2020-12-31 CA$12.63 Billion
≈ $9.13 Billion		 +18.52%
2019-12-31 CA$10.65 Billion
≈ $7.71 Billion		 +2.95%
2018-12-31 CA$10.35 Billion
≈ $7.49 Billion		 +30.13%
2017-12-31 CA$7.95 Billion
≈ $5.75 Billion		 +0.21%
2016-12-31 CA$7.94 Billion
≈ $5.74 Billion		 +3.44%
2015-12-31 CA$7.67 Billion
≈ $5.55 Billion		 +2.92%
2014-12-31 CA$7.45 Billion
≈ $5.39 Billion		 -7.00%
2013-12-31 CA$8.02 Billion
≈ $5.80 Billion		 +4.28%
2012-12-31 CA$7.69 Billion
≈ $5.56 Billion		 +2.30%
2011-12-31 CA$7.51 Billion
≈ $5.43 Billion		 -8.39%
2010-12-31 CA$8.20 Billion
≈ $5.93 Billion		 -3.29%
2009-12-31 CA$8.48 Billion
≈ $6.13 Billion		 -25.64%
2008-12-31 CA$11.40 Billion
≈ $8.25 Billion		 +64.05%
2007-12-31 CA$6.95 Billion
≈ $5.03 Billion		 +0.49%
2006-12-31 CA$6.92 Billion
≈ $5.00 Billion		 +0.33%
2005-12-31 CA$6.90 Billion
≈ $4.99 Billion		 -1.91%
2004-12-31 CA$7.03 Billion
≈ $5.09 Billion		 +5.35%
2003-12-31 CA$6.67 Billion
≈ $4.83 Billion		 +3.55%
2002-12-31 CA$6.44 Billion
≈ $4.66 Billion		 -7.77%
2001-12-31 CA$6.99 Billion
≈ $5.05 Billion		 +7.61%
2000-12-31 CA$6.49 Billion
≈ $4.70 Billion		 +50.29%
1999-12-31 CA$4.32 Billion
≈ $3.13 Billion		 -1.45%
1998-12-31 CA$4.38 Billion
≈ $3.17 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Telus Corp'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 93.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CA$98.00 Million 0.62%
Common Stock CA$14.10 Billion 89.36%
Other Comprehensive Income CA$4.00 Million 0.03%
Other Components CA$1.58 Billion 10.00%
Total Equity CA$15.78 Billion 100.00%

Telus Corp Competitors by Market Cap

The table below lists competitors of Telus Corp ranked by their market capitalization.

Company Market Cap
Alliant Energy Corp
NASDAQ:LNT
 $18.69 Billion
PERNOD RIC. SA SP.ADR 1/5
F:PER0
 $18.69 Billion
China Shenhua Energy Company Limited
F:IKF
 $18.72 Billion
Fortive Corp
NYSE:FTV
 $18.73 Billion
Viatris Inc
NASDAQ:VTRS
 $18.68 Billion
Burlington Stores Inc
NYSE:BURL
 $18.67 Billion
Norsk Hydro ASA
F:NOHA
 $18.67 Billion
Pernod Ricard S.A.
PA:RI
 $18.66 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Telus Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 15,620,000,000 to 15,775,000,000, a change of 155,000,000 (1.0%).
  • Net income of 1,113,000,000 contributed positively to equity growth.
  • Dividend payments of 1,628,000,000 reduced retained earnings.
  • Share repurchases of 40,000,000 reduced equity.
  • Other comprehensive income increased equity by 109,000,000.
  • Other factors increased equity by 601,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$1.11 Billion +7.06%
Dividends Paid CA$1.63 Billion -10.32%
Share Repurchases CA$40.00 Million -0.25%
Other Comprehensive Income CA$109.00 Million +0.69%
Other Changes CA$601.00 Million +3.81%
Total Change CA$- 0.99%

Book Value vs Market Value Analysis

This analysis compares Telus Corp'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: 1.61x
  • 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 3.55x to 1.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CA$4.66 CA$16.54 x
1999-12-31 CA$4.54 CA$16.54 x
2000-12-31 CA$6.45 CA$16.54 x
2001-12-31 CA$5.94 CA$16.54 x
2002-12-31 CA$5.06 CA$16.54 x
2003-12-31 CA$4.73 CA$16.54 x
2004-12-31 CA$4.91 CA$16.54 x
2005-12-31 CA$4.76 CA$16.54 x
2006-12-31 CA$5.07 CA$16.54 x
2007-12-31 CA$5.18 CA$16.54 x
2008-12-31 CA$5.50 CA$16.54 x
2009-12-31 CA$5.94 CA$16.54 x
2010-12-31 CA$6.37 CA$16.54 x
2011-12-31 CA$5.76 CA$16.54 x
2012-12-31 CA$5.88 CA$16.54 x
2013-12-31 CA$6.23 CA$16.54 x
2014-12-31 CA$6.03 CA$16.54 x
2015-12-31 CA$6.35 CA$16.54 x
2016-12-31 CA$6.68 CA$16.54 x
2017-12-31 CA$7.94 CA$16.54 x
2018-12-31 CA$8.59 CA$16.54 x
2019-12-31 CA$8.76 CA$16.54 x
2020-12-31 CA$9.42 CA$16.54 x
2021-12-31 CA$11.19 CA$16.54 x
2022-12-31 CA$11.81 CA$16.54 x
2023-12-31 CA$11.06 CA$16.54 x
2024-12-31 CA$10.46 CA$16.54 x
2025-12-31 CA$10.28 CA$16.54 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Telus Corp 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): 7.06%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.47%
  • • Asset Turnover: 0.34x
  • • Equity Multiplier: 3.78x
  • Recent ROE (7.06%) is below the historical average (11.51%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 1.66% 1.50% 0.61x 1.81x CA$-364.99 Million
1999 8.12% 6.07% 0.74x 1.81x CA$-81.07 Million
2000 7.18% 7.17% 0.39x 2.56x CA$-180.84 Million
2001 6.49% 6.30% 0.37x 2.76x CA$-245.19 Million
2002 -3.56% -3.27% 0.38x 2.83x CA$-872.26 Million
2003 4.98% 4.64% 0.41x 2.62x CA$-334.70 Million
2004 8.06% 7.46% 0.43x 2.54x CA$-135.88 Million
2005 10.19% 8.60% 0.50x 2.36x CA$13.30 Million
2006 15.93% 12.93% 0.53x 2.34x CA$417.70 Million
2007 18.16% 13.86% 0.53x 2.45x CA$565.28 Million
2008 19.38% 11.69% 0.50x 3.29x CA$664.28 Million
2009 13.83% 10.39% 0.50x 2.66x CA$289.61 Million
2010 12.64% 10.57% 0.50x 2.40x CA$216.10 Million
2011 16.23% 11.72% 0.52x 2.65x CA$467.70 Million
2012 17.15% 12.15% 0.53x 2.66x CA$549.40 Million
2013 16.14% 11.41% 0.53x 2.69x CA$492.50 Million
2014 19.12% 11.95% 0.51x 3.11x CA$679.60 Million
2015 18.01% 11.12% 0.47x 3.44x CA$614.80 Million
2016 15.45% 9.61% 0.46x 3.50x CA$431.30 Million
2017 15.51% 11.06% 0.45x 3.14x CA$518.40 Million
2018 15.60% 11.35% 0.43x 3.22x CA$574.10 Million
2019 16.55% 11.97% 0.38x 3.60x CA$691.20 Million
2020 10.02% 7.87% 0.35x 3.60x CA$3.00 Million
2021 10.95% 9.83% 0.35x 3.18x CA$143.40 Million
2022 9.75% 8.83% 0.34x 3.26x CA$-41.90 Million
2023 5.22% 4.20% 0.36x 3.48x CA$-770.20 Million
2024 6.36% 4.93% 0.35x 3.71x CA$-569.00 Million
2025 7.06% 5.47% 0.34x 3.78x CA$-464.50 Million

Industry Comparison

This section compares Telus Corp's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $2,623,321,129
  • Average return on equity (ROE) among peers: 8.75%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Telus Corp (T) CA$16.37 Billion 1.66% 2.60x $18.68 Billion
Adya Inc (ADYA) $-1.78 Million 0.00% 0.00x $6.32 Million
BCE Inc (BCE) $10.09 Billion 11.37% 3.16x $22.51 Billion
Cogeco Communications Inc (CCA) $1.06 Billion -4.49% 1.58x $1.42 Billion
Cogeco Inc. (CGO) $2.38 Billion 5.26% 2.07x $364.72 Million
Quebecor Inc (QBR-A) $1.21 Billion 50.01% 7.12x $3.75 Billion
Quebecor Inc (QBR-B) $1.06 Billion -2.83% 7.54x $7.47 Billion
Rogers Communications Inc (RCI-A) $3.57 Billion 43.76% 4.14x $4.32 Billion
Rogers Communications Inc (RCI-B) $4.20 Billion 14.81% 2.36x $16.55 Billion
TeraGo Inc. (TGO) $29.60 Million -39.09% 0.87x $31.98 Million

About Telus Corp

TO:T Canada Telecom Services
Market Cap
$18.68 Billion
CA$25.82 Billion CAD
Market Cap Rank
#1383 Global
#49 in Canada
Share Price
CA$16.54
Change (1 day)
+0.06%
52-Week Range
CA$16.27 - CA$23.01
All Time High
CA$29.84
Categories
Companies in Canada Telecom Services
About

TELUS Corporation, together with its subsidiaries, operates as a telecommunications company in Canada and internationally. It operates through TELUS Technology Solutions, TELUS Health, and TELUS Digital Experience segments. The company offer technology solutions comprising mobile and fixed voice and data telecommunications services and products; and agriculture and consumer goods services, such a… Read more