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Rogers Communications Inc (RCI-A) Fair Value & Analysis

Communication Services · CA · Market cap C$26.7B

RC Rogers Communications Inc RCI-A · TO
PriceC$51.50
Fair ValueC$123.30
Upside+139.4%
Quality42/100
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Mixed Growth
Highly profitable · 31.7% net margin
Moderate debt · generates free cash flow
4.00% dividend yield
Ranks above peers (12/15)
Wide moat 71/100
Evidence: High Range C$80.99 – C$187.40 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Share price +5.3% over the past month.

Below-average quality, screening 139% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (C$80.99). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (C$80.99 to C$187.40) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

C$65.85 C$37.09 Fair Value C$123.30 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range C$37.09 – C$65.85 · fair‑value band C$80.99 – C$187.40 · the C$51.50 price screens below the C$123.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Rogers Communications Inc (RCI-A) currently trades at C$51.50, while our model-based Fair Value estimate is C$123.30, implying the stock looks roughly 139.4% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Rogers Communications Inc generated revenue of C$22.2B at a net margin of 31.7%. Revenue grew 10.2% year over year. It earns a return on equity of 40.7%. Net debt stands at C$45.3B. Fundamentals as of Aug 13, 2026

Our scenario range runs from C$80.99 (bear case) to C$187.40 (bull case); at C$51.50, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 32% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 30% fair-value upside, at 139%, RCI-A screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF C$9.13 C$42.10 80
Residual Income C$85.85 C$118.07 C$769.38 76
Rev-Margin DCF C$5.26 C$50.96 C$102.52 74
All 24 models by family
DCF Models
FCF DCF C$10.95 C$50.11 38
Owner Earnings C$103.36 C$192.61 C$327.05 31
5Y Revenue Exit C$5.26 C$51.42 C$110.44 39
5Y EBITDA Exit C$48.06 C$130.70 C$227.15 41
5Y P/E Exit C$74.18 C$179.09 C$288.95 38
10Y Revenue Exit C$35.17 C$89.30 36
10Y EBITDA Exit C$24.57 C$89.93 C$177.58 37
10Y P/E Exit C$41.16 C$123.36 C$224.33 35
Earnings-Based
Graham-Dodd C$86.49 C$256.20 C$339.01 54
Lynch FV C$53.87 C$76.95 C$100.04 50
PEG = 1.0 C$53.87 C$76.95 C$100.04 46
EPV C$11.82 C$24.41 C$35.42 59
Multiples
P/E Multiple C$209.87 C$279.83 C$349.79 63
P/S Multiple C$105.15 C$140.21 C$175.26 58
P/B Multiple C$117.62 C$156.83 C$196.04 55
EV/EBIT C$47.39 C$84.43 C$121.46 53
EV/EBITDA C$100.79 C$155.62 C$210.45 54
EV/Revenue C$20.42 C$56.47 C$92.53 43
Asset-Based
NCAV (Graham) C$22.40 C$30.02 C$44.81 50
Growth DCF
Growth DCF C$9.13 C$42.10 80
Rev-Margin DCF C$5.26 C$50.96 C$102.52 74
Economic Profit
Residual Income C$85.85 C$118.07 C$769.38 76
ROIC Compounder C$11.82 C$24.41 C$35.42 72
Growth Earnings
Growth-Adj P/E C$169.87 C$242.67 C$315.47 68

Widest divergence: Growth Earnings (C$242.67) versus Growth DCF (C$9.13). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) C$22.2B
Revenue growth (YoY) +10.2%
Net margin 31.7%
Return on equity 40.7%
Free cash flow C$2.4B FY2025
P/E ratio 3.8 as of Jul 18, 2026
More key figures
Operating margin 20.9%
EPS (TTM) C$13.04
Dividend yield 4.0%
EPS growth (YoY) +59.5%
Net debt C$45.3B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 40 · Market factors (momentum, volatility) 56

Profitability 54
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 10
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 64
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Rogers Communications Inc. operates as a communications, sports, and entertainment company in Canada. It operates through Wireless, Cable, and Media segments.

Full company description

Rogers Communications Inc. operates as a communications, sports, and entertainment company in Canada. It operates through Wireless, Cable, and Media segments. The company offers mobile internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and pickup services; satellite-to-mobile service; and wireless solutions under the Rogers, Fido, and chatr brands. It also provides Internet access, Internet protocol-based (IP) television, applications, online viewing, phone, home monitoring, and advanced home WiFi services to consumer and businesses. In addition, the company offers local and network TV; on-demand television; cloud-based digital video recorders; voice-activated remote controls, restart, and integrated apps; linear and time-shifted programming; digital specialty channels; and 4K television programming. Further, it provides residential and small business local telephony services; voicemail, call waiting, and long distance; video and audio programming; voice, data networking, IP, and Ethernet services; private networking, Internet, IP voice, and cloud solutions; optical wave and multi-protocol label switching services; information technology and network technologies; cable access network services; telecommunications technical consulting services; and season games through television, smartphones, tablets, personal computers, and other streaming devices. Additionally, the company owns Toronto Blue Jays and the Rogers Centre event venue; and operates Sportsnet ONE, Sportsnet 360, Sportsnet World, Citytv, OMNI, FX (Canada), FXX (Canada), and HGTV television networks, as well as AM and FM radio stations. It also offers Rogers and the Rogers Red World Elite Mastercard. The company was founded in 1960 and is headquartered in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rogers Communications Inc reported revenue of C$21.7B in FY2025 versus C$14.7B in FY2021, a compound +10.3%/yr. Reported net income was C$6.9B in FY2025, compounding +45.0%/yr from FY2021.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
C$21.7B
Latest YoY
+5.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.3%
Avg. growth/yr (31Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.6%
Revenue +10.3%/yr
FY21 C$14.7B
FY22 C$15.4B
FY23 C$19.3B
FY24 C$20.6B
FY25 C$21.7B
Net income +45.0%/yr
FY21 C$1.6B
FY22 C$1.7B
FY23 C$849M
FY24 C$1.7B
FY25 C$6.9B
Character of growth · EPS growth decomposed (2014-2025) +11.1 % p.a.
Revenue per share +4.5 pp

of which total revenue +4.9 pp · buybacks/dilution −0.4 pp

EBIT margin +0.1 pp
Tax rate +1.5 pp
Residual (interest, one-offs) +5.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Rogers Communications Inc Fair Value". https://www.fairvalue-calculator.com/stock/RCI-A

Peer Group

Telecom Services · 253 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 42 · Bottom 25%
Fair Value upside +139% · Top 25%
Return on equity (TTM) 41% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 32% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 10% · Above median
Dividend yield (TTM) 4.0% · Above median
Debt / equity 1.48× · Higher than 75% of peers

Valuation Multiples vs Telecom Services median · lower = cheaper

P/E (TTM) 3.8× · Cheaper than 75% of peers
P/B 0.79× · Cheaper than median
P/S (TTM) 0.86× · Cheaper than median
P/FCF 8.2× · Pricier than median
EV/EBITDA 5.7× · Cheaper than median
PEG 0.88× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 27
FUTURE 51 · sector 15
PAST 100 · sector 27
HEALTH 26 · sector 89
DIVIDEND 80 · sector 71

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥96.11 ¥109.88 +14%
Bharti Airtel Limited BHARTIARTL ₹1,945 ₹941.55 -52%
China Telecom Corporation 601728 ¥6.43 ¥8.36 +30%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 494.99 MXN +91%
Advanced Info Service Public Company ADVANC 374.00 THB 286.77 THB -23%
Chunghwa Telecom Co 2412 136.00 TWD 100.00 TWD -26%
Telefónica, S.A TEFN 75.67 MXN 108.96 MXN +44%
TLKM TLKM 2,590 IDR 3,898 IDR +50%
PT Indoritel Makmur Internasional Tbk., DNET 9,500 IDR 1,503 IDR -84%

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Frequently asked questions

Is Rogers Communications Inc (RCI-A) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of C$123.30 versus a price of C$51.50, about +139% (undervalued).
What is the fair value of RCI-A?
Our model-based fair value for Rogers Communications Inc is C$123.30 (as of Aug 13, 2026), built from audited fundamentals. The current price is C$51.50.
What is the quality score of RCI-A?
Rogers Communications Inc has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Rogers Communications Inc (RCI-A)?
Rogers Communications Inc reported trailing-twelve-month revenue of about C$22.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of RCI-A?
The net profit margin of Rogers Communications Inc is about 31.7%, meaning it keeps roughly 31.7% of revenue as net income. Based on the latest reported figures.
Does Rogers Communications Inc pay a dividend?
Rogers Communications Inc currently shows a dividend yield of about 3.67% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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