Last 48 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.55 | 18.69 | 10.86 | 10.04 | 10.56 | 8.79 | 9.55 | 8.72 | 7.72 | 8.50 | 9.46 | 13.61 | 9.17 | 10.96 | 17.89 | 179.71 | 3.54 | 12.91 | 3.72 | 6.39 | 8.40 |
| — | +112.6% | +13.8% | +15.2% | +36.7% | +3.4% | +0.9% | -35.9% | -15.8% | -22.4% | -47.1% | -92.4% | +158.9% | -15.1% | +381.3% | +2713.7% | -57.8% | +76.7% | -69.9% | +4.2% | +33.9% | |
| P/S Ratio | 4.56 | 2.23 | 2.83 | 2.47 | 2.43 | 2.23 | 2.00 | 1.96 | 2.00 | 1.89 | 2.06 | 2.23 | 1.63 | 2.07 | 2.08 | 2.47 | 2.44 | 2.45 | 3.07 | 2.58 | 2.71 |
| — | +0.2% | +41.8% | +26.0% | +21.6% | +17.9% | -2.8% | -12.3% | +22.1% | -8.6% | -1.1% | -9.8% | -33.2% | -15.6% | -32.2% | -4.2% | -9.8% | +13.4% | +20.1% | +48.6% | +61.9% | |
| P/B Ratio | 1.93 | 1.04 | 1.26 | 1.13 | 1.02 | 0.92 | 0.81 | 0.82 | 0.79 | 0.74 | 0.82 | 0.88 | 0.71 | 0.90 | 0.84 | 0.93 | 0.89 | 1.01 | 1.07 | 1.23 | 1.23 |
| — | +13.0% | +56.2% | +36.9% | +29.4% | +23.6% | -1.3% | -6.7% | +10.2% | -17.3% | -3.1% | -5.1% | -19.9% | -11.6% | -20.8% | -24.4% | -27.2% | -9.5% | -3.1% | +43.6% | +74.6% | |
| P/FCF | 19.35 | — | 0.81 | 3.48 | 1.83 | — | — | 4.02 | 3.88 | 9.54 | 4.45 | 1.09 | 4.50 | 1.61 | — | 0.90 | 0.91 | — | 1.43 | — | 1.74 |
| — | — | — | -13.5% | -52.9% | — | — | +267.5% | -13.8% | +491.3% | — | +22.2% | +393.3% | — | — | — | -47.6% | — | +124.9% | — | — | |
| EV / EBITDA | 37.11 | 14.60 | 12.82 | 10.23 | 30.29 | 28.38 | 31.38 | 28.85 | 26.26 | 30.41 | 30.42 | 38.91 | 29.51 | 31.06 | 44.77 | 87.92 | 11.75 | 42.63 | 10.96 | 18.63 | 20.06 |
| — | -48.6% | -59.1% | -64.5% | +15.3% | -6.7% | +3.2% | -25.8% | -11.0% | -2.1% | -32.1% | -55.7% | +151.2% | -27.1% | +308.4% | +372.0% | -41.4% | +128.2% | -54.1% | -13.1% | -22.2% | |
| EV / EBIT | 44.12 | 18.02 | 14.82 | 11.91 | 35.87 | 33.28 | 37.93 | 34.41 | 30.83 | 36.99 | 37.00 | 51.41 | 37.59 | 39.66 | 64.74 | 155.44 | 12.50 | 51.88 | 11.59 | 20.41 | 22.90 |
| — | -45.9% | -60.9% | -65.4% | +16.3% | -10.0% | +2.5% | -33.1% | -18.0% | -6.7% | -42.9% | -66.9% | +200.8% | -23.6% | +458.7% | +661.5% | -45.4% | +145.9% | -59.9% | -17.2% | -26.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 90.0% | 91.7% | 92.3% | 92.4% | 91.8% | 91.1% | 87.9% | 89.0% | 81.7% | 88.9% | 91.1% | 91.8% | 94.6% | 93.9% | 95.9% | 96.9% | 96.5% | 98.0% | 99.1% | 101.4% | 101.9% |
| — | +0.6% | +5.0% | +3.8% | +12.4% | +2.5% | -3.6% | -3.0% | -13.7% | -5.3% | -5.0% | -5.3% | -1.9% | -4.2% | -3.3% | -4.4% | -5.3% | -2.9% | +0.1% | +3.7% | +9.9% | |
| Operating Margin | 32.0% | 25.1% | 36.7% | 33.9% | 32.7% | 34.5% | 30.0% | 30.7% | 36.2% | 30.0% | 30.6% | 21.7% | 26.1% | 24.7% | 16.4% | 7.1% | 91.5% | 24.3% | 111.5% | 54.7% | 43.0% |
| — | -27.3% | +22.2% | +10.6% | -9.5% | +15.0% | -1.9% | +41.7% | +38.3% | +21.6% | +87.1% | +205.2% | -71.4% | +1.3% | -85.3% | -87.0% | +112.9% | -38.4% | +253.3% | +45.2% | +27.3% | |
| Net Margin | 24.1% | 17.4% | 27.5% | 25.4% | 24.7% | 26.0% | 22.6% | 23.2% | 27.7% | 22.9% | 23.5% | 16.9% | 19.3% | 19.4% | 13.3% | 1.9% | 69.1% | 19.7% | 83.4% | 41.2% | 33.2% |
| — | -33.2% | +22.0% | +9.8% | -10.7% | +13.8% | -4.0% | +37.3% | +43.0% | +17.9% | +77.1% | +793.7% | -72.0% | -1.3% | -84.1% | -95.4% | +108.4% | -35.2% | +283.0% | +41.2% | +24.3% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.1% | 2.0% | 3.1% | 2.9% | 2.6% | 2.7% | 2.3% | 2.5% | 2.8% | 2.3% | 2.4% | 1.7% | 2.1% | 2.1% | 1.4% | 0.2% | 6.5% | 2.1% | 7.6% | 5.0% | 3.7% |
| — | -24.7% | +35.6% | +15.4% | -4.9% | +17.5% | -4.8% | +47.6% | +28.5% | +10.3% | +74.7% | +822.6% | -67.0% | +1.0% | -82.1% | -96.4% | +73.3% | -48.8% | +225.0% | +39.7% | +31.5% | |
| ROA | 0.6% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.4% | 0.1% | 0.5% | 0.3% | 0.2% |
| — | -29.0% | +31.8% | +14.4% | -4.0% | +20.6% | -2.3% | +53.5% | +32.0% | +7.4% | +61.2% | +732.8% | -69.4% | -3.3% | -81.4% | -96.0% | +84.3% | -45.4% | +240.0% | +39.0% | +33.7% | |
| ROIC | 1.8% | 0.7% | 1.0% | 0.7% | 0.5% | 0.5% | 0.4% | 0.5% | 0.5% | 0.4% | 0.4% | 0.3% | 0.4% | 0.4% | 0.2% | 0.1% | 1.1% | 0.3% | 1.3% | 0.8% | 0.6% |
| — | +55.3% | +155.8% | +46.2% | -5.8% | +20.6% | -1.3% | +55.8% | +26.2% | +10.1% | +81.3% | +216.9% | -64.0% | +13.8% | -82.6% | -89.0% | +75.1% | -53.0% | +206.8% | +43.4% | +37.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.71 | 1.93 | 1.95 | 1.96 | 4.71 | 4.54 | 4.60 | 4.53 | 4.43 | 4.57 | 4.75 | 4.54 | 4.66 | 4.51 | 4.43 | 4.67 | 4.60 | 5.37 | 4.62 | 5.07 | 5.00 |
| — | -57.4% | -57.7% | -56.6% | +6.4% | -0.6% | -3.2% | -0.3% | -5.0% | +1.2% | +7.2% | -2.6% | +1.4% | -16.0% | -4.1% | -7.9% | -8.0% | +11.5% | -3.1% | -2.0% | +2.6% | |
| Debt / EBITDA | 30.24 | 54.33 | 41.19 | 43.51 | 115.72 | 108.87 | 125.27 | 117.68 | 105.70 | 127.26 | 128.16 | 160.49 | 128.01 | 131.88 | 184.28 | 395.47 | 51.71 | 174.85 | 45.05 | 71.02 | 89.94 |
| — | -50.1% | -67.1% | -63.0% | +9.5% | -14.4% | -2.3% | -26.7% | -17.4% | -3.5% | -30.5% | -59.4% | +147.6% | -24.6% | +309.1% | +456.8% | -42.5% | +110.5% | -61.2% | -26.7% | -21.3% | |
| Current Ratio | 0.14 | 0.56 | 0.48 | 0.39 | 0.14 | 0.20 | 0.21 | 0.20 | 0.14 | 0.18 | 0.18 | 0.16 | 0.20 | 0.15 | 0.14 | 0.19 | 0.17 | 0.16 | 0.15 | 0.13 | 0.23 |
| — | +184.8% | +131.1% | +94.2% | -2.9% | +9.0% | +14.7% | +28.9% | -28.9% | +18.7% | +28.1% | -18.4% | +18.4% | -3.4% | -6.2% | +43.8% | -23.7% | -26.0% | -36.1% | -36.3% | +9.0% | |
| Quick Ratio | 0.14 | 0.56 | 0.48 | 0.39 | 0.14 | 0.20 | 0.21 | 0.20 | 0.14 | 0.18 | 0.18 | 0.16 | 0.20 | 0.15 | 0.14 | 0.19 | 0.17 | 0.16 | 0.15 | 0.13 | 0.23 |
| — | +184.8% | +131.1% | +94.2% | -2.9% | +9.0% | +14.7% | +28.9% | -28.9% | +18.7% | +28.1% | -18.4% | +18.4% | -3.4% | -6.2% | +43.8% | -23.7% | -26.0% | -36.1% | -36.3% | +9.0% | |
| Interest Coverage | 0.27 | 0.24 | 0.36 | 0.35 | 0.30 | 0.30 | 0.25 | 0.25 | 0.26 | 0.20 | 0.21 | 0.15 | 0.20 | 0.20 | 0.14 | 0.07 | 1.11 | 0.59 | 3.93 | 3.28 | 2.20 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying BMO stock.
Bank of Montreal's current P/E is 20.6x. The average P/E over the last 4 quarters is 12.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Bank of Montreal's current operating margin is 32.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Bank of Montreal's business trajectory between earnings reports.