Telus Corp Net Assets
Telus Corp net assets. 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. Also explore T year-over-year net asset growth to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Telus Corp (1998–2025)
Net assets of Telus Corp from 1998 to 2025. This chart illustrates how Telus Corp's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Telus Corp to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see T market cap.
| 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 |
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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.
Telus Corp Net Assets Breakdown (December 2025)
Telus Corp net assets breakdown by equity component as of 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 |
|---|---|
|
Sun Communities Inc
NYSE:SUI
|
$13.98 Billion |
|
Omega Healthcare Investors Inc
NYSE:OHI
|
$13.99 Billion |
|
BOLIDEN AB UNSP.ADR/2
F:BWJ0
|
$13.99 Billion |
|
Continental Aktiengesellschaft
F:CON
|
$14.00 Billion |
|
GD Power Development Co Ltd
SHG:600795
|
$13.96 Billion |
|
Trimble Inc
NASDAQ:TRMB
|
$13.96 Billion |
|
SK Holdings 1p Pref
KO:03473K
|
$13.94 Billion |
|
PO.S.B.O. UNSP.ADRS/20YC1
F:3YB0
|
$13.93 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: 1.20x
- 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 2.66x to 1.20x 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$12.37 | x |
| 1999-12-31 | CA$4.54 | CA$12.37 | x |
| 2000-12-31 | CA$6.45 | CA$12.37 | x |
| 2001-12-31 | CA$5.94 | CA$12.37 | x |
| 2002-12-31 | CA$5.06 | CA$12.37 | x |
| 2003-12-31 | CA$4.73 | CA$12.37 | x |
| 2004-12-31 | CA$4.91 | CA$12.37 | x |
| 2005-12-31 | CA$4.76 | CA$12.37 | x |
| 2006-12-31 | CA$5.07 | CA$12.37 | x |
| 2007-12-31 | CA$5.18 | CA$12.37 | x |
| 2008-12-31 | CA$5.50 | CA$12.37 | x |
| 2009-12-31 | CA$5.94 | CA$12.37 | x |
| 2010-12-31 | CA$6.37 | CA$12.37 | x |
| 2011-12-31 | CA$5.76 | CA$12.37 | x |
| 2012-12-31 | CA$5.88 | CA$12.37 | x |
| 2013-12-31 | CA$6.23 | CA$12.37 | x |
| 2014-12-31 | CA$6.03 | CA$12.37 | x |
| 2015-12-31 | CA$6.35 | CA$12.37 | x |
| 2016-12-31 | CA$6.68 | CA$12.37 | x |
| 2017-12-31 | CA$7.94 | CA$12.37 | x |
| 2018-12-31 | CA$8.59 | CA$12.37 | x |
| 2019-12-31 | CA$8.76 | CA$12.37 | x |
| 2020-12-31 | CA$9.42 | CA$12.37 | x |
| 2021-12-31 | CA$11.19 | CA$12.37 | x |
| 2022-12-31 | CA$11.81 | CA$12.37 | x |
| 2023-12-31 | CA$11.06 | CA$12.37 | x |
| 2024-12-31 | CA$10.46 | CA$12.37 | x |
| 2025-12-31 | CA$10.28 | CA$12.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telus Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.47%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 3.78x
- Recent ROE (7.06%) is below the historical average (11.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 1.66% | 1.50% | 0.61x | 1.81x | CA$-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: $3,430,812,791
- Average return on equity (ROE) among peers: 13.62%
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 | $13.97 Billion |
| Adya Inc (ADYA) | $1.85 Million | -24.92% | 4.18x | $6.32 Million |
| BCE Inc (BCE) | $20.56 Billion | 11.01% | 2.50x | $19.22 Billion |
| Cogeco Communications Inc (CCA) | $1.50 Billion | -12.67% | 2.57x | $1.15 Billion |
| Cogeco Inc. (CGO) | $1.80 Billion | 4.98% | 2.45x | $263.47 Million |
| Quebecor Inc (QBR-A) | $577.90 Million | 69.48% | 15.49x | $3.61 Billion |
| Quebecor Inc (QBR-B) | $75.17 Million | 17.45% | 1.75x | $7.28 Billion |
| Rogers Communications Inc (RCI-A) | $1.63 Billion | 51.64% | 2.91x | $3.72 Billion |
| Rogers Communications Inc (RCI-B) | $4.73 Billion | 21.20% | 2.62x | $14.12 Billion |
| TeraGo Inc. (TGO) | $13.93 Million | -15.57% | 0.96x | $31.98 Million |
About Telus Corp
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