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Bank of Montreal BMO.TO

CA · Toronto Stock Exchange · XTSE · stock · Financial Services · website

Bank of Montreal statistics & valuation

Market capC$179.7B
P / E20.6×
P / S5.0×
P / B2.0×
P / FCF21.1×
Dividend yield2.80%
Net margin24.1%
Return on equity9.9%
FCF margin23.6%
Net debtC$209.9B
Enterprise value USD$280.1B
Graham number -29.9%C$179.88

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$179.88); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
51.60% 14.20% 22.80% 24.10% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
19.10% 5.80% 8.70% 9.90% 2022202320242025
Shares outstanding
700.4M 700.4M 700.4M 700.4M 2022202320242025
Net debt (C$)
C$129.44B C$166.69B C$197.23B C$209.91B 2022202320242025
Share buybacks (C$)
C$1.52B C$0 C$1.25B C$3.90B 2022202320242025
Return on assets (%)
1.20% 0.30% 0.50% 0.60% 2022202320242025
Free cash flow margin (%)
13.40% 25.40% 78.50% 23.60% 2022202320242025
Debt / equity (×)
3.13× 3.27× 3.16× 3.18× 2022202320242025
EPS (C$)
C$19.99 C$5.76 C$9.51 C$11.44 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Bank of Montreal trades at about 22.4× earnings — above its 10-year norm (10-year range 6.6×–19.3×, median 15.5×).

6.6× 22.4×

Shaded band = 10-year range (6.6×–19.3×); dot = today's 22.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin24.1%22.8%14.2%51.6%
FCF margin23.6%78.5%25.4%13.4%
Return on assets0.6%0.5%0.3%1.2%
Return on equity9.9%8.7%5.8%19.1%
Debt / equity1.86×1.85×1.80×1.74×

Computed from company filings · CA · as of 2025-10-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.