What is Manulife Financial PE Ratio (TTM)?
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-09-17), Manulife Financial's share price is $28.38. Manulife Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.73. Therefore, Manulife Financial's PE Ratio (TTM) for today is 16.41.
The historical rank and industry rank for Manulife Financial's PE Ratio (TTM) or its related term are showing as below:
MFC' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 4.92 Med: 13.04 Max: 610.25
Current: 16.41
During the past 13 years, the highest PE Ratio (TTM) of Manulife Financial was 610.25. The lowest was 4.92. And the median was 13.04.
MFC's PE Ratio (TTM) is ranked worse than
66.28% of 427 companies
in the Insurance industry
Industry Median: 11.2 vs MFC: 16.41
Manulife Financial's Earnings per Share (Diluted) for the threemonths ended in Jun. 2024 was $0.38. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.73.
As of today (2024-09-17), Manulife Financial's share price is $28.38. Manulife Financial's EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was $2.67. Therefore, Manulife Financial's PE Ratio without NRI for today is 10.62.
During the past 13 years, Manulife Financial's highest PE Ratio without NRI was 28.33. The lowest was 4.14. And the median was 9.21.
Manulife Financial's EPS without NRI for the threemonths ended in Jun. 2024 was $0.66. Its EPS without NRI for the trailing twelve months (TTM) ended in Jun. 2024 was $2.67.
During the past 12 months, Manulife Financial's average EPS without NRI Growth Rate was 10.70% per year.During the past 3 years, the average EPS without NRI Growth Rate was -1.70% per year.During the past 5 years, the average EPS without NRI Growth Rate was 0.20% per year.During the past 10 years, the average EPS without NRI Growth Rate was 8.80% per year.
During the past 13 years, Manulife Financial's highest 3-Year average EPS without NRI Growth Rate was 52.70% per year. The lowest was -46.00% per year. And the median was 13.50% per year.
Manulife Financial's EPS (Basic) for the threemonths ended in Jun. 2024 was $0.39. Its EPS (Basic) for the trailing twelve months (TTM) ended in Jun. 2024 was $1.75.
Manulife Financial PE Ratio (TTM) Historical Data
The historical data trend for Manulife Financial's PE Ratio (TTM) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Manulife Financial PE Ratio (TTM) Chart
Manulife Financial Annual Data | ||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
PE Ratio (TTM) | Get a 7-Day Free Trial | 9.52 | 7.73 | 6.81 | At Loss | 11.22 |
Manulife Financial Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
PE Ratio (TTM) | Get a 7-Day Free Trial | 13.32 | 11.44 | 11.22 | 14.58 | 15.57 |
Competitive Comparison of Manulife Financial's PE Ratio (TTM)
For the Insurance - Life subindustry, Manulife Financial's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Manulife Financial's PE Ratio (TTM) Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Manulife Financial's PE Ratio (TTM) distribution charts can be found below:
* The bar in red indicates where Manulife Financial's PE Ratio (TTM) falls into.
Manulife Financial PE Ratio (TTM) Calculation
The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.
Manulife Financial's PE Ratio (TTM) for today is calculated as
PE Ratio (TTM) | = | Share Price | / | Earnings per Share (Diluted) (TTM) |
= | 28.38 | / | 1.729 | |
= | 16.41 |
Manulife Financial's Share Price of today is $28.38.
Manulife Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.73.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
PE Ratio (TTM) | = | Market Cap | / | Net Income |
There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Manulife Financial(NYSE:MFC) PE Ratio (TTM) Explanation
The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.
If a company loses money, the PE Ratio (TTM) becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.
Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.
Be Aware
Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .
PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).
Manulife Financial PE Ratio (TTM) Related Terms
Thank you for viewing the detailed overview of Manulife Financial's PE Ratio (TTM) provided by GuruFocus.com. Please click on the following links to see related term pages.
Manulife Financial Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Financial Services » Insurance » Manulife Financial Corp (NYSE:MFC) » Definitions » PE Ratio (TTM)
Comparable Companies
TSX:GWO TSX:POW TSX:ELF TSX:SFC SHSE:601628 SHSE:601318 BOM:543526 HKSE:01299 AFL MET PRU TPE:2881 SHSE:601601 TPE:2882 TSE:8750 LSE:PRU BOM:540719 BOM:540777 XKRX:032830 BOM:540133
Traded in Other Exchanges
MNLCF.PFD:USA MFC:Philippines MFC:Mexico 00945:Hong Kong 0V5H:UK MLU:Germany MLU:Germany MFC.PR.Q.PFD:Canada MFC.PR.P.PFD:Canada MFC.PR.N.PFD:Canada MFC.PR.M.PFD:Canada MFC.PR.L.PFD:Canada MFC.PR.K.PFD:Canada MFC.PR.J.PFD:Canada MFC.PR.I.PFD:Canada MFC.PR.F.PFD:Canada MFC.PR.C.PFD:Canada MFC.PR.B.PFD:Canada MFC:Canada
Address
200 Bloor Street East, Toronto, ON, CAN, M4W 1E5
Website
Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.35 trillion in assets under management and administration as of June 30, 2023. The U.S. business, which primarily operates under the John Hanco*ck brand, contributes about 30% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 20% of earnings.
Manulife Financial Headlines
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