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Royal Bank of Canada RY.TO

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

Royal Bank of Canada statistics & valuation

Market capC$416.1B
P / E20.4×
P / S6.3×
P / B3.0×
P / FCF7.9×
Dividend yield2.11%
Net margin30.6%
Return on equity14.6%
FCF margin79.6%
Net debtC$458.1B
Enterprise value USD$628.5B
Graham number -40.6%C$178.01

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$178.01); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
32.40% 28.30% 28.20% 30.60% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
14.60% 12.70% 12.80% 14.60% 2022202320242025
Shares outstanding
1.39B 1.39B 1.39B 1.39B 2022202320242025
Net debt (C$)
C$244.77B C$306.28B C$340.67B C$458.05B 2022202320242025
Share buybacks (C$)
C$11.28B C$4.08B C$7.69B C$15.85B 2022202320242025
Return on assets (%)
0.80% 0.70% 0.70% 0.90% 2022202320242025
Free cash flow margin (%)
39.90% 45.30% 36.30% 79.60% 2022202320242025
Debt / equity (×)
3.93× 3.82× 3.65× 3.92× 2022202320242025
EPS (C$)
C$11.06 C$10.32 C$11.25 C$14.07 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

Royal Bank of Canada trades at about 21.3× earnings — above its 10-year norm (10-year range 11.9×–15.7×, median 15.4×).

11.9× 21.3×

Shaded band = 10-year range (11.9×–15.7×); dot = today's 21.3×.

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 margin30.6%28.2%28.3%32.4%
FCF margin79.6%36.3%45.3%39.9%
Return on assets0.9%0.7%0.7%0.8%
Return on equity14.6%12.8%12.7%14.6%
Debt / equity2.54×2.55×2.75×2.57×

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