Manulife Financial Corporation (MFC) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Manulife Financial Corporation

Market cap $75B · 52 weeks $32 – $46 (1 % below the high) · P/E 17.3× · 2027 expected P/E 12.3× · Dividend 3.0 % · 6 years rising · Next earnings November 4, 2026 · expected EPS $0.83 · Closing price, Oct 29 · accounts published Aug 5.

• Valuation: P/B 2.0× (expensive).
• Business: 5-year op. margin −35.0 % (weak).
• Balance sheet: Debt/Equity 0.27 (solid).
• Earnings: 5 of 8 (uneven).

What would it be worth at its usual multiples?

At a P/B justified by its ROE del 13,0 % (1.5×) $34 (-25 %); at its peers' median (2.0×) $46 (+1 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in insurance: 1 of 5 pass

• Op Margin 5y (Combined Ratio proxy) −35.0 %, fails.
• Book Value / Share growth 2.4 %, fails.
• P/B (Price / Book) 2.0×, fails.
• Dividend growth streak 6 años, fails.
• Debt / Equity 0.27, passes.

Against its peers (reference peers) — Manulife Financial Corporation: P/E 17.3×; P/B 2.0×; ROE 13.0 %; $75.1B. MetLife, Inc. (P/E 19.4×; P/B 2.4×; ROE 12.9 %; $64.1B), Aflac Incorporated (P/E 13.3×; P/B 2.0×; ROE 16.4 %; $61.9B), Prudential Financial, Inc. (P/E 10.5×; P/B 1.2×; ROE 12.0 %; $40.3B).

Expensive or cheap against its last ten fiscal years?

Precio / valor contable at each close: today 2.0× · median 0.9× · minimum 0.4× · maximum 2.0× · cheap below 0.8× · expensive above 1.1×. It has been cheaper than today 100% of the time over its last ten fiscal years.

Dividend

solid · Yield 3.0 % ($1.39 per ADS in 2025) · Years raising it 6 · 5-year growth +10 % a year · Free cash flow coverage payout 57 % · With $1,000 invested today you'd collect $29.60 a year ($2.47 a month).