# TELUS share price today (TELUS Corporation, TU) > TELUS Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. TU · Communication Services · Telecom Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/tu Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Key numbers - Business trend: Getting worse, from the last 12 quarters - Price: $8.90 (−39.3% in a year) - P/E: 22.3×, over 4.6 years - Revenue (Jun 2026): $4.9 B (−2.2% on a year ago) - Profit (Jun 2026): −$1.8 B - Operating margin: 15.1% (+0.1 points on a year ago) - ROE: 7%, FY25 - ROIC: 7.1%, against a 5.7% cost of capital: +1.4 points The main question: yearly earnings per share moved +7.9% while the share price moved −39.3%. ## What is the TELUS share price today? TELUS Corporation's share price was $8.90 at the close on 3 November 2026. It has been falling for 44 weeks. That is 21.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between $8 and $15, and at that close it sat 17% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 31 weeks running. Over the last 10 years the share price moved −46% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 2 April 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does TELUS pay? TELUS Corporation paid $1.66 per share over the last four reported quarters. The most recent declaration was $0.42 for Jun 2026. At today's price of $8.90 that is a yield of 18.65%, based on dividends already paid, not a forecast. ## Which stock lists is TELUS on? TELUS is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is TELUS profitable? TELUS Corporation posted a net loss of $1.8 B in the Jun 2026 quarter. Full-year FY25 profit was $1.1 B. Over 4 years profit has grown −9.4% a year on average. That loss is 37.4% of the quarter's revenue. The same quarter a year earlier earned $7.0 M. 1 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $1.1 B (+12.1% on the year before). On average over the last four quarters, profit changed +0.0% and revenue −0.9%. Profit and revenue are moving at about the same pace. ## How much revenue does TELUS make, and is it growing? TELUS Corporation reported $4.9 B of revenue in the Jun 2026 quarter, −2.2% on the same quarter a year earlier. Over 4 years it has grown 4.8% a year on average. The last full year, FY25, came in at $20.3 B. The last four reported quarters add to $20.2 B. FY25 revenue was $20.3 B, +1.0% on the year before. Recent pace: the last four quarters grew −0.9% on average, against 4.8% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −0.9%, against +0.8% a year over the last 8 quarters (stabilising). ## How much of every $100 of sales does TELUS keep? TELUS Corporation's operating margin was 15.1% in the Jun 2026 quarter, 0.1 percentage points higher than the same quarter a year ago. Across 5 years it has been between 15.1% and 16.9%. The latest quarter is within that range. Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed +1.0 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is TELUS' profit turning into cash? Over the last 3 years, 482% of TELUS Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $4.9 B of operating cash against $1.1 B of profit. After $2.5 B of spending on assets, $2.4 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does TELUS' cash go? TELUS Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $8.4 B on assets over the last 3 years. Averaged over those years that is 13.8% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $8.4 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is TELUS' P/E ratio, and how does it compare with its own history? TELUS Corporation's P/E is 22.3×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +7.9% while the price moved −39.3%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −20.5% a year; about +2.9% a year came from earnings growth and about −23.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the TELUS business getting better or worse? TELUS Corporation's business is getting worse. Revenue and EPS growth are shrinking: revenue growth is −0.9% in the latest quarter, against +12.1% at its best in 12 quarters, with ROCE steady at 6.0%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. ## How much does TELUS earn on its capital? TELUS Corporation earned a ROE of 7% in FY25. That is up from a low of 5% in FY23. Its return on capital used (ROIC) is 1.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 5.5% net margin and 0.34× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 5.5% net margin × 0.34× asset turnover × 3.60× leverage (assets divided by equity) ≈ 6.7% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 7.1% − 5.7% = +1.4 percentage points. The 5.7% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 7.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 4.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does TELUS have too much debt? TELUS Corporation has total debt of $31.5 B against shareholder equity of $14.1 B as of Jun 2026, so its debt is 2.24× its equity. Year by year, that ratio went from 1.31 in FY21 to 1.91 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the TELUS shareholding pattern? 3.4% of TELUS Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 7.5 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is TELUS from balance-sheet trouble? For TELUS Corporation, the Z-score is 0.82. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.82 is inside the danger zone, so the balance sheet is a real risk. ## How does TELUS rank in its industry? 38.9 out of 100, rank 17 of 21 in Telecom Services, with 71% of the evidence available. TELUS Corporation scores 38.9 out of 100 against the 21 companies it is compared with in Telecom Services, ranking 17. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 12.4 + 10.9 + 8.8 + 6.8 = 38.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is TELUS compared with? TELUS ranks 17 of 21 Telecom Services companies on the 4-Factor Sector Score, with 38.9 out of 100. 1. [VEON Ltd.](https://www.sectoralpha.in/us/stocks/veon) VEON · leader · Most evidence points up · 81% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.2/35 · Revenue 14.7% · Profit -87.8% · Operating margin change -4 points · 83% evidence Capital efficiency 18.6/25 · ROCE 19.9% · Operating margin 25.8% · 76% evidence Valuation 11.5/20 · P/E 61.3× · PEG 0.54 · 65% evidence Relative strength 20.0/20 · Lead over its industry 45.4% · Lead over S&P 500 30.7% · 1 year 79.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 15.2 + 18.6 + 11.5 + 20 = 65.3 · What this means: Relative strength against the index is 30.7%, and revenue and profit growth are weak. 2. [Kyivstar Group Ltd.](https://www.sectoralpha.in/us/stocks/kyiv) KYIV · turning · Evidence leans up · 71% evidence 58.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue 23.4% · Profit -45.9% · Operating margin change -3.9 points · 83% evidence Capital efficiency 19.8/25 · ROCE 26.4% · Operating margin 36.6% · 76% evidence Valuation 9.1/20 · P/E 22.9× · PEG n/a · 15% evidence Relative strength 15.6/20 · Lead over its industry 9.8% · Lead over S&P 500 -1.7% · 1 year 9.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.1 + 19.8 + 9.1 + 15.6 = 58.6 · What this means: Relative strength against the index is -1.7%, and revenue and profit growth are weak. 3. [Verizon Communications Inc.](https://www.sectoralpha.in/us/stocks/vz) VZ · quiet · Evidence leans up · 81% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue 1.4% · Profit -11.1% · Operating margin change -0.3 points · 83% evidence Capital efficiency 15.0/25 · ROCE 9.3% · Operating margin 23% · 76% evidence Valuation 14.5/20 · P/E 10.9× · PEG 0.19 · 65% evidence Relative strength 12.9/20 · Lead over its industry 5.9% · Lead over S&P 500 -5.8% · 1 year 13% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14.8 + 15 + 14.5 + 12.9 = 57.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 4. [Telefônica Brasil S.A.](https://www.sectoralpha.in/us/stocks/viv) VIV · basing · Evidence leans up · 81% evidence 55.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 7.1% · Profit 13.2% · Operating margin change 0.8 points · 83% evidence Capital efficiency 16.6/25 · ROCE 11.1% · Operating margin 17.6% · 76% evidence Valuation 9.9/20 · P/E 16.4× · PEG 1.09 · 65% evidence Relative strength 4.9/20 · Lead over its industry -12.4% · Lead over S&P 500 -22.5% · 1 year -12.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.3 + 16.6 + 9.9 + 4.9 = 55.7 · What this means: Earnings are strong; relative strength in its sector is -12.4% and the one-year return is -12.4%. 5. [EchoStar Corporation](https://www.sectoralpha.in/us/stocks/echo) ECHO · turning · Evidence leans up · 64% evidence 53.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue -5.2% · Profit n/a · Operating margin change 20 points · 62% evidence Capital efficiency 7.7/25 · ROCE 2.9% · Operating margin 14.3% · 76% evidence Valuation 11.1/20 · P/E -5.2× · PEG n/a · 15% evidence Relative strength 14.4/20 · Lead over its industry 4.9% · Lead over S&P 500 -7.2% · 1 year 38.7% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.2 + 7.7 + 11.1 + 14.4 = 53.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Rogers Communications Inc.](https://www.sectoralpha.in/us/stocks/rci) RCI · basing · Evidence leans up · 85% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue 8% · Profit -86.6% · Operating margin change 0.5 points · 95% evidence Capital efficiency 12.6/25 · ROCE 6.9% · Operating margin 24.5% · 76% evidence Valuation 12.4/20 · P/E 26.6× · PEG 0.51 · 65% evidence Relative strength 11.1/20 · Lead over its industry -0.7% · Lead over S&P 500 -11.8% · 1 year -10.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17 + 12.6 + 12.4 + 11.1 = 53.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [BCE Inc.](https://www.sectoralpha.in/us/stocks/bce) BCE · basing · Evidence leans up · 81% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 1.6% · Profit 100% · Operating margin change -1.1 points · 83% evidence Capital efficiency 13.3/25 · ROCE 7.6% · Operating margin 22.1% · 76% evidence Valuation 15.4/20 · P/E 4.5× · PEG 0.12 · 65% evidence Relative strength 6.7/20 · Lead over its industry -5.9% · Lead over S&P 500 -16.5% · 1 year -11.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.7 + 13.3 + 15.4 + 6.7 = 52.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [T-Mobile US, Inc.](https://www.sectoralpha.in/us/stocks/tmus) TMUS · basing · Evidence leans up · 81% evidence 51.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 9.7% · Profit -13.6% · Operating margin change 0.4 points · 83% evidence Capital efficiency 16.5/25 · ROCE 10.9% · Operating margin 25.2% · 76% evidence Valuation 8.8/20 · P/E 17.2× · PEG 1.23 · 65% evidence Relative strength 5.9/20 · Lead over its industry -12.8% · Lead over S&P 500 -22.7% · 1 year -25.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.2 + 16.5 + 8.8 + 5.9 = 51.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Millicom International Cellular S.A.](https://www.sectoralpha.in/us/stocks/tigo) TIGO · quiet · Too little evidence to rank firmly · 56% evidence 51.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue n/a · Profit n/a · Operating margin change -4.2 points · 39% evidence Capital efficiency 14.1/25 · ROCE 10.9% · Operating margin 20.7% · 76% evidence Valuation 9.3/20 · P/E 22.8× · PEG n/a · 15% evidence Relative strength 10.2/20 · Lead over its industry 7.2% · Lead over S&P 500 -4% · 1 year 63.2% · 100% evidence · 4 of 12 weeks ahead Exact sum: 17.6 + 14.1 + 9.3 + 10.2 = 51.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Comcast Corporation](https://www.sectoralpha.in/us/stocks/cmcsa) CMCSA · basing · Evidence leans down · 85% evidence 49.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.4/35 · Revenue -0.3% · Profit -49.9% · Operating margin change 0.5 points · 95% evidence Capital efficiency 13.7/25 · ROCE 8% · Operating margin 18.2% · 76% evidence Valuation 14.1/20 · P/E 6.8× · PEG 0.22 · 65% evidence Relative strength 9.5/20 · Lead over its industry -4% · Lead over S&P 500 -15.1% · 1 year -13.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 12.4 + 13.7 + 14.1 + 9.5 = 49.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [AT&T Inc.](https://www.sectoralpha.in/us/stocks/t) T · quiet · Evidence leans down · 75% evidence 49.0 out of 100 Growth Capital Valuation Relative 12. [Array Digital Infrastructure, Inc.](https://www.sectoralpha.in/us/stocks/ad) AD · basing · Evidence leans down · 64% evidence 47.4 out of 100 Growth Capital Valuation Relative 13. [Iridium Communications Inc.](https://www.sectoralpha.in/us/stocks/irdm) IRDM · quiet · Evidence leans down · 85% evidence 46.3 out of 100 Growth Capital Valuation Relative 14. [Globalstar, Inc.](https://www.sectoralpha.in/us/stocks/gsat) GSAT · turning · Evidence leans down · 64% evidence 44.8 out of 100 Growth Capital Valuation Relative 15. [Charter Communications, Inc.](https://www.sectoralpha.in/us/stocks/chtr) CHTR · basing · Evidence leans down · 81% evidence 44.7 out of 100 Growth Capital Valuation Relative 16. [Telephone and Data Systems, Inc.](https://www.sectoralpha.in/us/stocks/tds) TDS · turning · Evidence leans down · 64% evidence 42.6 out of 100 Growth Capital Valuation Relative 17. TELUS Corporation this page TU · basing · Evidence leans down · 71% evidence 38.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.4/35 · Revenue -0.9% · Profit -195.1% · Operating margin change 0.1 points · 83% evidence Capital efficiency 10.9/25 · ROCE 6.2% · Operating margin 15.1% · 76% evidence Valuation 8.8/20 · P/E 30.1× · PEG n/a · 15% evidence Relative strength 6.8/20 · Lead over its industry -18% · Lead over S&P 500 -27.6% · 1 year -39.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.4 + 10.9 + 8.8 + 6.8 = 38.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 18. Liberty Global Ltd. LBTYB · quiet · Too little evidence to rank firmly · 58% evidence 37.0 out of 100 Growth Capital Valuation Relative 19. [Lumen Technologies, Inc.](https://www.sectoralpha.in/us/stocks/lumn) LUMN · basing · Most evidence points down · 64% evidence 23.6 out of 100 Growth Capital Valuation Relative 20. [Vodafone Group Public Limited Company](https://www.sectoralpha.in/us/stocks/vod) VOD · quiet · Too little evidence to rank firmly · 41% evidence 49.8 out of 100 Growth Capital Valuation Relative 21. [Liberty Broadband Corporation](https://www.sectoralpha.in/us/stocks/lbrda) LBRDA · Too little evidence to rank firmly · 49% evidence 36.3 out of 100 Growth Capital Valuation Relative Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Telecom Services](https://www.sectoralpha.in/us/sectors/telecom-services), all 21 compared on one page. ## Which companies are close to TELUS in size? TELUS is the 13th largest of 44 Telecom Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Charter Communications, Inc., Rogers Communications Inc. and Telefônica Brasil S.A. Just below it: Millicom International Cellular S.A., SK Telecom Co. and Globalstar, Inc. ### Telecom Services companies close in size 1. [Charter Communications, Inc.](https://www.sectoralpha.in/us/stocks/chtr) $18.6 billion 2. [Rogers Communications Inc.](https://www.sectoralpha.in/us/stocks/rci) $18.1 billion 3. [Telefônica Brasil S.A.](https://www.sectoralpha.in/us/stocks/viv) $17.5 billion 4. TELUS Corporation $14.1 billion 5. [Millicom International Cellular S.A.](https://www.sectoralpha.in/us/stocks/tigo) $13 billion 6. [SK Telecom Co., Ltd.](https://www.sectoralpha.in/us/stocks/skm) $11.8 billion 7. [Globalstar, Inc.](https://www.sectoralpha.in/us/stocks/gsat) $10.9 billion [All 44 Telecom Services companies, largest first](https://www.sectoralpha.in/us/sectors/telecom-services#all-companies) ### Companies close in size in other industries 1. [Carpenter Technology Corporation](https://www.sectoralpha.in/us/stocks/crs) $14.4 billion · Metal Fabrication 2. [Unum Group](https://www.sectoralpha.in/us/stocks/unm) $14.4 billion · Insurance - Life 3. TELUS Corporation $14.4 billion 4. [Erie Indemnity Company](https://www.sectoralpha.in/us/stocks/erie) $14.3 billion · Insurance Brokers 5. [Aramark](https://www.sectoralpha.in/us/stocks/armk) $14.3 billion · Specialty Business Services ## What else do people ask about TELUS? ### What were TELUS's latest quarterly results? TELUS Corporation reported revenue of $4.9 B and a net loss of $1.8 B for the Jun 2026 quarter. Earnings per share were −$1.17. The operating margin was 15.1%, 0.1 percentage points higher than a year earlier (as of 3 November 2026). ### What is TELUS's market cap? TELUS Corporation's market capitalisation is $14.1 B at a stock price of $8.90. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is TELUS performing? TELUS Corporation's share price has been falling for 44 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 31 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will TELUS's stock price go up? This page does not forecast TELUS Corporation's stock price. What it shows instead: the stock price is $8.90, and it has been falling for 44 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Is TELUS's profit real cash? Yes, over the last 3 years, 482% of TELUS Corporation's reported profit came in as cash from operations. The latest year was lower at 437%, so the trend is worth watching. In FY25, operating cash was $4.9 B against reported profit of $1.1 B. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is TELUS in its business cycle? TELUS Corporation's FY25 operating margin was 15.7%, against a 5-year range of 15.1% to 16.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 15.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the TELUS story? The main question: yearly earnings per share moved +7.9% while the share price moved −39.3%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is TELUS a stock worth studying right now? What the numbers show: TELUS Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.