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Telus (TU, Telecom carriers) Stock Valuation & Fair Value

Weak on forward returns

Telus (TU, Telecom carriers) trades at a current P/E of 17.2, about 5% below its historical normal valuation, with a forward growth estimate of 4.2% and a PEG of 4.10. Analysts' one-year estimates have been hit 64% of the time. Priced at its historical normal P/E of 18.0 on the same blended earnings, the 2026-11-06 close of $9.11 corresponds to about $9.57 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

Current P/E
17.2
Normal P/E
18.0
PEG
4.10
Fwd growth
4.2%
Div yield
5.9%
RSI (14)
58.8
Neutral
Technical context
  • Price $9.11 at the Nov 6 close, 5.6% above the 20-day average ($8.63) and 4.7% above the 50-day ($8.70).
  • RSI (14) at 58.8.
  • 52-week range $7.72 to $13.91: the price is 34.5% below the high and 18.0% above the low.

The Street vs SeerForecast

Wall Street's mean price target for TU is $10.00 across 3 analysts, 9.8% above the current price. The average analyst rating is Hold. Our SeerForecast read of the same stock, formed without analyst targets: weak on forward returns. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from mixed on our tests (2026-09-19) to poor on forward returns (2026-11-02). New rating rules took effect in the week of 2026-11-02, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

Current P/E and rating by weekCurrent P/E moved from 15.8 to 16.7 between 2026-09-18 and 2026-10-30, against a normal P/E of 18.0, with 1 rating change over 7 recorded weeks.2026-09-18: P/E 15.8, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 15.8, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 15.5, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 15.5, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 14.9, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 14.9, Mixed on our tests, recorded live 2026-10-052026-10-09: P/E 14.4, Mixed on our tests, recalculated for the week of 2026-10-102026-10-09: P/E 14.4, Mixed on our tests, recorded live 2026-10-122026-10-16: P/E 15.9, Mixed on our tests, recalculated for the week of 2026-10-172026-10-16: P/E 15.9, Mixed on our tests, recorded live 2026-10-192026-10-23: P/E 16.6, Mixed on our tests, recalculated for the week of 2026-10-242026-10-23: P/E 16.6, Mixed on our tests, recorded live 2026-10-262026-10-30: P/E 16.7, Poor on forward returns, recalculated for the week of 2026-10-312026-10-30: P/E 16.7, Poor on forward returns, recorded live 2026-11-0215.016.017.018.0Sep 18Sep 28Oct 9Oct 20Oct 30Normal P/E 18.0
Mixed on our testsPoor on forward returnsLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 15.8-12%Mixed on our tests (recalculated)
2026-10-10P/E 14.4-20%Mixed on our tests (recalculated)
2026-10-31P/E 16.7-8%Poor on forward returns (recalculated) (across a rating rules change)
2026-11-02P/E 16.7-8%Poor on forward returns ← now
Show all 14 readings
WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 15.8-12%Mixed on our tests (recalculated)
2026-09-21P/E 15.8-12%Mixed on our tests
2026-09-26P/E 15.5-14%Mixed on our tests (recalculated)
2026-09-28P/E 15.5-14%Mixed on our tests
2026-10-03P/E 14.9-18%Mixed on our tests (recalculated)
2026-10-05P/E 14.9-18%Mixed on our tests
2026-10-10P/E 14.4-20%Mixed on our tests (recalculated)
2026-10-12P/E 14.4-20%Mixed on our tests
2026-10-17P/E 15.9-12%Mixed on our tests (recalculated)
2026-10-19P/E 15.9-12%Mixed on our tests
2026-10-24P/E 16.6-8%Mixed on our tests (recalculated)
2026-10-26P/E 16.6-8%Mixed on our tests
2026-10-31P/E 16.7-8%Poor on forward returns (recalculated) (across a rating rules change)
2026-11-02P/E 16.7-8%Poor on forward returns ← now

Frequently asked questions

Is Telus stock overvalued?

At a current P/E of 17.2 versus its historical normal P/E of 18.0, Telus trades about 5% below its typical valuation, with a PEG of 4.10 on 4.2% forward growth. tickerseer currently rates it weak on forward returns.

What is Telus's fair value and PEG?

Telus trades at a current P/E of 17.2 against a historical normal P/E of 18.0, a PEG of 4.10, and a forward growth estimate of 4.2%. Priced at its historical normal P/E of 18.0 on the same blended earnings, the 2026-11-06 close of $9.11 corresponds to about $9.57 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Telus changed?

tickerseer's rating moved from mixed on our tests (2026-09-19) to poor on forward returns (2026-11-02). New rating rules took effect in the week of 2026-11-02, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

What is the analyst price target for Telus?

The mean Wall Street price target for Telus is $10.00 across 3 analysts, 9.8% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Telecom carriers. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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