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Manulife Financial Corporation MFC.TO

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

Manulife Financial Corporation statistics & valuation

Market capC$101.6B
P / E17.6×
P / S1.9×
P / B2.0×
Dividend yield3.25%
Net margin10.9%
Return on equity11.3%
Net cashC$12.0B
Enterprise value USD$64.4B
Graham number -24.8%C$46.06

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$46.06); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-8.70% 10.90% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
-4.50% 11.60% 10.90% 11.30% 2022202320242025
Shares outstanding
1.66B 1.66B 1.66B 1.66B 2022202320242025
Net debt (C$)
-C$6.80B -C$7.60B -C$11.63B -C$12.03B 2022202320242025
Share buybacks (C$)
C$2.60B C$1.59B C$3.27B C$2.43B 2022202320242025
Return on assets (%)
-0.30% 0.60% 0.60% 0.60% 2022202320242025
Free cash flow margin (%)
2022202320242025
Debt / equity (×)
0.26× 0.27× 0.27× 0.29× 2022202320242025
EPS (C$)
C$3.68 C$2.61 C$2.84 C$3.07 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

Manulife Financial Corporation trades at about 19.9× earnings — above its 10-year norm (10-year range 7.2×–16.9×, median 15.3×).

7.2× 19.9×

Shaded band = 10-year range (7.2×–16.9×); dot = today's 19.9×.

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 margin10.9%-77.3%-77.6%-8.7%
Return on assets0.6%0.6%0.6%-0.3%
Return on equity11.3%10.9%11.6%-4.5%
Debt / equity0.25×0.27×0.26×0.25×

Computed from company filings · CA · as of 2025-12-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.