BCE vs GTN vs NMAX Stock Comparison

Bce, Gray Media and Newsmax Prices as of Oct 27, 2026 Peers: Industry group
BCE Bce Inc
$20.09 -4.2% 1M -14.4% 1Y
Market cap
$18.64B
P/E
3.7x
Revenue (TTM)
$21.97B
Div. yield
0.10%
Wireless Carriers Communication Services
8 wins
GTN Gray Media, Inc
$4.30 -6.5% 1M -6.5% 1Y
Market cap
$417.97M
P/E
–
Revenue (TTM)
$3.15B
Div. yield
0.08%
Television Broadcasting Communication Services
2 wins
NMAX Newsmax Inc.
$7.96 -26.7% 1M -22.3% 1Y
Market cap
$1.04B
P/E
–
Revenue (TTM)
$198.07M
Div. yield
–
Television Broadcasting Communication Services
1 win

Head to Head

11 decided of 12

Bce leads on 8 of the 12 questions below (Bce 8, Gray Media 2, Newsmax 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBCEGTNNMAXLeader
Larger companyMarket capitalisation $18.64B $417.97M $1.04B BCE
Cheaper on earningsLower P/E, profitable companies only 3.7x -7.2x -13.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.2x 1.8x — GTN
Faster revenue growthRevenue growth, trailing twelve months +2.2% -11.3% +8.3% NMAX
More profitableNet margin, trailing twelve months 22.7% -1.8% -40.1% BCE
Better return on capitalReturn on invested capital 13.4% 2.3% — BCE
Less leveragedLower net debt / EBITDA 2.8x 7.2x — BCE
Higher dividend yieldTrailing dividend yield 0.10% 0.08% 0.00% BCE
Better 1-year returnPrice return, last 12 months -14.4% -6.5% -22.3% GTN
Better 5-year returnAnnualised price return, 5 years -17.2%/yr -28.9%/yr — BCE
Less volatileAnnualised volatility, 1 year 22.0% 62.1% 77.7% BCE
Higher overall scoreMean of the five percentile scores vs peers 68/100 51/100 32/100 BCE

Percentile Scorecard

BCEGTNNMAX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBCEGTNNMAX
Valuation 69 #16 of 49 87 #8 of 53 2 #52 of 53
Growth 61 #18 of 45 9 #40 of 44 51 #22 of 44
Profitability 91 #5 of 45 49 #22 of 42 12 #37 of 42
Financial Health 40 #30 of 49 32 #42 of 61 63 #23 of 61
Shareholder Returns 78 #9 of 37 80 #6 of 26 –
Overall 68 51 32
  • BCE ranked among 51 companies in Telecommunications
  • GTN ranked among 61 companies in Advertising and Media
  • NMAX ranked among 61 companies in Advertising and Media

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBCEGTNNMAXSPY
1 month -4.2%-6.5%-26.7% -0.2%
3 months -7.9%+2.4%-0.1% +3.9%
6 months -14.5%-25.3%+32.7% +8.2%
Year to date -15.7%-11.2%+3.0% +12.9%
1 year -14.4%-6.5%-22.3% +12.3%
3 years -45.2%-29.2%— +87.4%
3 years, per year -18.2%-10.9%— +23.3%
5 years -61.0%-81.8%— +67.9%
5 years, per year -17.2%-28.9%— +10.9%
10 years -55.5%-51.1%— +261.1%
10 years, per year -7.8%-6.9%— +13.7%

Risk

MeasureBCEGTNNMAXSPY
Volatility, 1Y 22.0%62.1%77.7% 12.7%
Downside volatility, 1Y 23.1%62.3%79.5% 12.7%
Beta vs S&P 500, 1Y -0.230.971.64 1.00
Return / volatility, 1Y -0.66-0.10-0.29 0.97
Max drawdown, 5Y -68.2%-88.2%-97.8% -25.4%
From 52-week high -24.0%-30.6%-30.4% -1.2%
52-week high $26.45$6.20$11.43 $779.14
52-week low $18.79$3.58$5.16 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBCEGTNNMAX
P/E now vs peer median 3.7xmedian 11.8x -7.3xmedian 18.4x -12.9xmedian 18.4x
P/S now vs peer median 0.9xmedian 1.1x 0.2xmedian 0.6x 5.2xmedian 0.6x
EV/EBITDA now vs peer median 4.6xmedian 6.8x 7.8xmedian 10.5x -12.2xmedian 10.5x
P/FCF now vs peer median -8.7xmedian 5.9x 3.4xmedian 9.0x —median 9.0x
P/B now vs peer median 1.1xmedian 1.2x 0.2xmedian 1.5x 9.0xmedian 1.5x
PEG now vs peer median 0.08median 0.24 0.23median 0.44 —median 0.44

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBCEGTNNMAX
Revenue $21.97B $3.15B $198.07M
Gross profit $18.64B $820.00M $78.29M
Operating income $6.29B $435.00M -$86.98M
Net income $4.68B -$26.00M -$79.40M
Free cash flow -$2.14B $146.00M –
EPS (diluted) $5.37 $-0.58 $-0.61
Cash & equivalents $335.70M $176.00M $25.88M
Total debt $119.67B $5.81B –
Shares (diluted) 929.10M 100.00M 129.29M
Enterprise value $16.77B -$567.03M $942.72M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBCEGTNNMAX
P/E 3.7x -7.3x -12.9x
P/FCF -8.7x 3.4x –
P/Operating cash flow 3.0x 2.0x –
P/S 0.9x 0.2x 5.2x
P/B 1.1x 0.2x 9.0x
P/Tangible book 4.3x -0.1x 9.0x
EV/EBITDA 4.6x 7.8x -12.2x
EV/EBIT 7.6x 14.1x -11.5x
EV/Revenue 2.2x 1.9x 5.0x
EV/FCF -22.3x 42.0x –
EV/Operating cash flow 7.6x 24.5x –
PEG (3Y EPS CAGR) 0.08 0.23 –

Growth

14 metrics
MetricBCEGTNNMAX
Revenue growth (1Y) 2.2% -11.3% 8.3%
Revenue CAGR (3Y) 6.2% -4.3% –
Gross profit growth (1Y) -0.8% -28.8% -4.1%
Gross profit CAGR (3Y) 9.6% -13.5% –
Operating income growth (1Y) -7.0% -41.9% 14.9%
Operating income CAGR (3Y) 53.8% -18.2% –
Net income growth (1Y) 1,063% -113.0% 27.2%
Net income CAGR (3Y) 36.8% -28.0% –
EPS growth (1Y) 1,649% -138.0% 27.7%
EPS CAGR (3Y) 44.4% -31.1% –
Operating cash flow growth (1Y) -7.0% -69.8% –
Operating cash flow CAGR (3Y) -6.4% -36.1% –
Free cash flow growth (1Y) -144.0% -79.4% –
Free cash flow CAGR (3Y) -32.6% -32.2% –

Profitability

14 metrics
MetricBCEGTNNMAX
Gross margin 84.8% 26.0% 39.5%
EBITDA margin 46.8% 24.9% -41.2%
Operating margin 28.6% 13.8% -43.9%
Pretax margin 52.5% -2.0% -40.1%
Net margin 22.7% -1.8% -40.1%
FCF margin -9.8% 4.6% –
Operating cash flow margin 28.6% 7.9% –
Return on equity 31.0% -1.2% -72.4%
Return on assets 9.0% -0.3% -33.8%
Return on invested capital 13.4% 2.3% –
Return on capital employed 12.5% 4.4% -57.8%
Asset turnover 0.4x 0.3x 0.8x
Cash conversion (OCF / net income) 1.3x -9.6x –
Stock comp / revenue – 0.7% –

Financial Health

11 metrics
MetricBCEGTNNMAX
Debt / assets 51.5% 55.6% –
Debt / equity 1.8x 2.7x –
Net debt / EBITDA 2.8x 7.2x –
Debt / FCF -13.7x 39.8x –
Liabilities / assets 70.6% 79.6% 50.9%
Equity / assets 29.4% 20.4% 49.1%
Interest coverage 6.7x 0.9x -4,632x
Current ratio 0.7x 1.0x 2.4x
Quick ratio 0.5x 0.7x 0.8x
Cash ratio 0.0x 0.3x 0.3x
Altman Z-score 0.95 0.63 3.48

Shareholder Returns

7 metrics
MetricBCEGTNNMAX
Dividend yield 8.1% 7.4% –
Net buyback yield -0.5% – –
Shareholder yield 7.6% 7.4% –
Payout ratio (earnings) 41.1% -130.8% –
Payout ratio (FCF) -89.7% 23.3% –
Dividend growth (1Y) 146.7% 6.3% –
Dividend CAGR (3Y) 34.6% 6.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBCEGTNNMAX
Forward P/E 11.2xFY2026 1.8xFY2026 –
EPS, next fiscal year $1.80FY2026 $2.43FY2026 $-0.01FY2026
EPS growth, next FY -11.8%FY2026 – –
EPS growth, the year after -2.2% -130.0% –
Revenue, next fiscal year $18.56BFY2026 $3.39BFY2026 $203.04MFY2026
Revenue growth, next FY +4.2%FY2026 +9.5%FY2026 +7.3%FY2026
Revenue growth, the year after +0.8% +0.3% +24.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBCEGTNNMAX
Held by institutions 48.1% 80.6% 28.5%
Institutions holding 394 176 233
Change in shares held, QoQ +5.3% -2.7% +13.5%
Institutions buying 184 72 110
Institutions selling 130 70 37
Buyers to sellers 1.42 1.03 2.97

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BCEGTNNMAX
BCE 1.00 0.10 -0.03
GTN 0.10 1.00 0.32
NMAX -0.03 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BCE, GTN and NMAX?

Bce (BCE) is the largest by market capitalisation: Bce (BCE) $18.64B, Gray Media (GTN) $417.97M, Newsmax (NMAX) $1.04B.

Which company is growing faster?

Newsmax (NMAX) grew revenue fastest over the trailing twelve months: Bce (BCE) +2.2%, Gray Media (GTN) -11.3%, Newsmax (NMAX) +8.3%.

Which company is more profitable?

Bce (BCE) has the highest net margin (Bce (BCE) 22.7%, Gray Media (GTN) -1.8%, Newsmax (NMAX) -40.1%). On return on invested capital, Bce (BCE) leads (Bce (BCE) 13.4%, Gray Media (GTN) 2.3%).

Which stock has performed better?

Over the past year Gray Media (GTN) returned the most: Bce (BCE) -14.4%, Gray Media (GTN) -6.5%, Newsmax (NMAX) -22.3%. Over five years, Bce (BCE) compounded fastest (Bce (BCE) -17.2%/yr, Gray Media (GTN) -28.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Bce (BCE) has the highest dividend yield: Bce (BCE) 0.10%, Gray Media (GTN) 0.08%, Newsmax (NMAX) 0.00%. Newsmax (NMAX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bce (BCE) has been the steadiest (Bce (BCE) 22.0%, Gray Media (GTN) 62.1%, Newsmax (NMAX) 77.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BCE, GTN and NMAX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bce (BCE) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.