BCE vs GTN vs WBD Stock Comparison

Bce, Gray Media and Warner Bros. Discovery Prices as of Oct 26, 2026 Peers: Industry group
BCE Bce Inc
$20.26 -3.4% 1M -14.9% 1Y
Market cap
$18.67B
P/E
3.7x
Revenue (TTM)
$21.97B
Div. yield
0.10%
Wireless Carriers Communication Services
7 wins
GTN Gray Media, Inc
$4.36 -5.2% 1M -9.7% 1Y
Market cap
$422.87M
P/E
–
Revenue (TTM)
$3.15B
Div. yield
0.08%
Television Broadcasting Communication Services
1 win
WBD Warner Bros. Discovery, Inc.
$30.98 +9.7% 1M +62.4% 1Y
Market cap
$77.70B
P/E
–
Revenue (TTM)
$36.12B
Div. yield
–
Television Broadcasting Communication Services
3 wins

Head to Head

11 decided of 12

Bce leads on 7 of the 12 questions below (Bce 7, Warner Bros. Discovery 3, Gray Media 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBCEGTNWBDLeader
Larger companyMarket capitalisation $18.67B $422.87M $77.70B WBD
Cheaper on earningsLower P/E, profitable companies only 3.7x -7.3x -24.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 11.3x 1.8x — GTN
Faster revenue growthRevenue growth, trailing twelve months +2.2% -11.3% -6.1% BCE
More profitableNet margin, trailing twelve months 22.7% -1.8% -8.8% BCE
Better return on capitalReturn on invested capital 13.4% 2.3% -1.6% BCE
Less leveragedLower net debt / EBITDA 2.8x 7.2x 7.5x BCE
Higher dividend yieldTrailing dividend yield 0.10% 0.08% 0.00% BCE
Better 1-year returnPrice return, last 12 months -14.9% -9.7% +62.4% WBD
Better 5-year returnAnnualised price return, 5 years -16.9%/yr -28.5%/yr +3.2%/yr WBD
Less volatileAnnualised volatility, 1 year 22.0% 62.2% 26.7% BCE
Higher overall scoreMean of the five percentile scores vs peers 67/100 51/100 31/100 BCE

Percentile Scorecard

BCEGTNWBD

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

AxisBCEGTNWBD
Valuation 69 #16 of 49 87 #8 of 54 23 #42 of 54
Growth 61 #18 of 45 9 #41 of 45 25 #34 of 45
Profitability 91 #5 of 45 50 #22 of 43 36 #28 of 43
Financial Health 40 #30 of 49 31 #43 of 62 41 #37 of 62
Shareholder Returns 75 #10 of 37 80 #6 of 26 –
Overall 67 51 31
  • BCE ranked among 51 companies in Telecommunications
  • GTN ranked among 62 companies in Advertising and Media
  • WBD ranked among 62 companies in Advertising and Media

Price Performance

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

Returns

PeriodBCEGTNWBDSPY
1 month -3.4%-5.2%+9.7% -0.8%
3 months -4.7%+9.5%+18.6% +3.5%
6 months -14.0%-23.0%+13.2% +7.0%
Year to date -14.9%-9.9%+7.5% +12.2%
1 year -14.9%-9.7%+62.4% +13.0%
3 years -44.7%-28.2%+201.4% +86.3%
3 years, per year -17.9%-10.4%+44.5% +23.1%
5 years -60.3%-81.2%+17.1% +68.6%
5 years, per year -16.9%-28.5%+3.2% +11.0%
10 years -55.2%-53.1%+11.3% +258.0%
10 years, per year -7.7%-7.3%+1.1% +13.6%

Risk

MeasureBCEGTNWBDSPY
Volatility, 1Y 22.0%62.2%26.7% 12.7%
Downside volatility, 1Y 23.1%62.6%18.6% 12.7%
Beta vs S&P 500, 1Y -0.230.970.50 1.00
Return / volatility, 1Y -0.68-0.162.34 1.02
Max drawdown, 5Y -68.2%-88.2%-78.5% -25.4%
From 52-week high -23.4%-29.7%0.0% -1.8%
52-week high $26.45$6.20$30.98 $779.14
52-week low $18.79$3.58$17.10 $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.

MultipleBCEGTNWBD
P/E now vs peer median 3.8xmedian 11.8x -7.4xmedian 18.4x -24.6xmedian 18.4x
P/S now vs peer median 0.9xmedian 1.1x 0.2xmedian 0.6x 2.2xmedian 0.6x
EV/EBITDA now vs peer median 4.7xmedian 6.8x 7.8xmedian 11.0x 28.0xmedian 11.0x
P/FCF now vs peer median -8.8xmedian 5.7x 3.4xmedian 9.1x 35.6xmedian 9.1x
P/B now vs peer median 1.1xmedian 1.3x 0.2xmedian 1.6x 2.3xmedian 1.6x
PEG now vs peer median 0.08median 0.24 0.24median 0.44 -1.04median 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 monthsBCEGTNWBD
Revenue $21.97B $3.15B $36.12B
Gross profit $18.64B $820.00M $17.06B
Operating income $6.29B $435.00M -$1.27B
Net income $4.68B -$26.00M -$3.15B
Free cash flow -$2.14B $146.00M $2.18B
EPS (diluted) $5.37 $-0.58 $-1.23
Cash & equivalents $335.70M $176.00M $3.37B
Total debt $119.67B $5.81B $32.02B
Shares (diluted) 929.10M 100.00M 2.58B
Enterprise value $16.79B -$562.13M $63.36B

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
MetricBCEGTNWBD
P/E 3.8x -7.4x -24.6x
P/FCF -8.8x 3.4x 35.6x
P/Operating cash flow 3.0x 2.0x 22.7x
P/S 0.9x 0.2x 2.2x
P/B 1.1x 0.2x 2.3x
P/Tangible book 4.4x -0.2x 9.6x
EV/EBITDA 4.7x 7.8x 28.0x
EV/EBIT 7.6x 14.1x -83.6x
EV/Revenue 2.2x 1.9x 2.9x
EV/FCF -22.4x 42.0x 48.8x
EV/Operating cash flow 7.6x 24.5x 31.1x
PEG (3Y EPS CAGR) 0.08 0.24 -1.04

Growth

14 metrics
MetricBCEGTNWBD
Revenue growth (1Y) 2.2% -11.3% -6.1%
Revenue CAGR (3Y) 6.2% -4.3% -4.8%
Gross profit growth (1Y) -0.8% -28.8% 2.6%
Gross profit CAGR (3Y) 9.6% -13.5% 2.2%
Operating income growth (1Y) -7.0% -41.9% -675.6%
Operating income CAGR (3Y) 53.8% -18.2% 38.8%
Net income growth (1Y) 1,063% -113.0% -595.1%
Net income CAGR (3Y) 36.8% -28.0% 22.3%
EPS growth (1Y) 1,649% -138.0% -500.2%
EPS CAGR (3Y) 44.4% -31.1% 23.6%
Operating cash flow growth (1Y) -7.0% -69.8% -32.9%
Operating cash flow CAGR (3Y) -6.4% -36.1% -7.7%
Free cash flow growth (1Y) -144.0% -79.4% -46.4%
Free cash flow CAGR (3Y) -32.6% -32.2% -10.9%

Profitability

14 metrics
MetricBCEGTNWBD
Gross margin 84.8% 26.0% 47.2%
EBITDA margin 46.8% 24.9% 10.5%
Operating margin 28.6% 13.8% -3.5%
Pretax margin 52.5% -2.0% -10.4%
Net margin 22.7% -1.8% -8.8%
FCF margin -9.8% 4.6% 6.0%
Operating cash flow margin 28.6% 7.9% 9.5%
Return on equity 31.0% -1.2% -9.3%
Return on assets 9.0% -0.3% -3.2%
Return on invested capital 13.4% 2.3% -1.6%
Return on capital employed 12.5% 4.4% -1.6%
Asset turnover 0.4x 0.3x 0.4x
Cash conversion (OCF / net income) 1.3x -9.6x -1.1x
Stock comp / revenue – 0.7% 2.3%

Financial Health

11 metrics
MetricBCEGTNWBD
Debt / assets 51.5% 55.6% 32.9%
Debt / equity 1.8x 2.7x 0.9x
Net debt / EBITDA 2.8x 7.2x 7.5x
Debt / FCF -13.7x 39.8x 14.7x
Liabilities / assets 70.6% 79.6% 65.0%
Equity / assets 29.4% 20.4% 35.0%
Interest coverage 6.7x 0.9x -0.6x
Current ratio 0.7x 1.0x 0.8x
Quick ratio 0.5x 0.7x 0.5x
Cash ratio 0.0x 0.3x 0.2x
Altman Z-score 0.95 0.63 0.82

Shareholder Returns

7 metrics
MetricBCEGTNWBD
Dividend yield 8.1% 7.3% –
Net buyback yield -0.5% – –
Shareholder yield 7.6% 7.3% 0.0%
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.

ConsensusBCEGTNWBD
Forward P/E 11.3xFY2026 1.8xFY2026 –
EPS, next fiscal year $1.80FY2026 $2.43FY2026 $-1.08FY2026
EPS growth, next FY -11.8%FY2026 – -472.4%FY2026
EPS growth, the year after -2.2% -130.0% –
Revenue, next fiscal year $18.56BFY2026 $3.39BFY2026 $34.48BFY2026
Revenue growth, next FY +4.2%FY2026 +9.5%FY2026 -7.6%FY2026
Revenue growth, the year after +0.8% +0.3% +11.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBCEGTNWBD
Held by institutions 48.1% 80.6% 77.8%
Institutions holding 394 176 1,319
Change in shares held, QoQ +5.3% -2.7% +10.9%
Institutions buying 184 72 628
Institutions selling 130 70 436
Buyers to sellers 1.42 1.03 1.44

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.

BCEGTNWBD
BCE 1.00 0.09 0.02
GTN 0.09 1.00 0.13
WBD 0.02 0.13 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BCE, GTN and WBD?

Warner Bros. Discovery (WBD) is the largest by market capitalisation: Bce (BCE) $18.67B, Gray Media (GTN) $422.87M, Warner Bros. Discovery (WBD) $77.70B.

Which company is growing faster?

Bce (BCE) grew revenue fastest over the trailing twelve months: Bce (BCE) +2.2%, Gray Media (GTN) -11.3%, Warner Bros. Discovery (WBD) -6.1%.

Which company is more profitable?

Bce (BCE) has the highest net margin (Bce (BCE) 22.7%, Gray Media (GTN) -1.8%, Warner Bros. Discovery (WBD) -8.8%). On return on invested capital, Bce (BCE) leads (Bce (BCE) 13.4%, Gray Media (GTN) 2.3%, Warner Bros. Discovery (WBD) -1.6%).

Which stock has performed better?

Over the past year Warner Bros. Discovery (WBD) returned the most: Bce (BCE) -14.9%, Gray Media (GTN) -9.7%, Warner Bros. Discovery (WBD) +62.4%. Over five years, Warner Bros. Discovery (WBD) compounded fastest (Bce (BCE) -16.9%/yr, Gray Media (GTN) -28.5%/yr, Warner Bros. Discovery (WBD) +3.2%/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%, Warner Bros. Discovery (WBD) 0.00%. Warner Bros. Discovery (WBD) 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) 62.2%, Warner Bros. Discovery (WBD) 26.7%). Volatility measures how widely the price swings, not the risk of the business.

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

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 7. 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.