Last 47 quarters of trend data · Financial Services · Insurance - Life
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | 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 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 19.92 | 8.44 | 13.45 | 11.06 | 7.63 | 8.15 | 31.15 | 8.93 | 7.39 | 12.80 | 13.88 | 6.42 | 8.79 | 9.46 | 6.29 | 4.69 | 17.03 | — | — | 4.63 | 6.01 |
| — | +3.5% | -56.8% | +23.9% | +3.3% | -36.3% | +124.4% | +39.0% | -15.9% | +35.4% | +120.8% | +36.8% | -48.4% | — | — | +1.4% | +183.3% | — | — | -7.5% | +79.8% | |
| P/S Ratio | 1.93 | 0.86 | 1.19 | 1.80 | 0.77 | 0.33 | 1.49 | 3.24 | 0.90 | 0.65 | 0.32 | — | 0.43 | 0.38 | 0.29 | 0.57 | 0.36 | — | — | 0.44 | 0.60 |
| — | +157.6% | -19.8% | -44.4% | -15.2% | -48.6% | +363.1% | — | +109.5% | +68.9% | +12.1% | — | +20.8% | — | — | +28.6% | -40.9% | — | — | -11.7% | +15.8% | |
| P/B Ratio | 1.99 | 1.23 | 1.11 | 1.18 | 1.00 | 1.07 | 1.01 | 1.03 | 1.02 | 0.94 | 0.91 | 0.85 | 0.70 | 0.75 | 0.71 | 0.69 | 0.53 | 0.60 | 0.73 | 0.63 | 0.67 |
| — | +15.2% | +9.4% | +14.4% | -1.8% | +13.3% | +11.7% | +21.1% | +45.3% | +25.2% | +28.0% | +23.0% | +32.3% | +26.2% | -2.9% | +10.0% | -20.8% | -15.4% | -9.3% | -3.5% | +33.5% | |
| P/FCF | 3.18 | 1.86 | 4.15 | 1.80 | 1.39 | 1.88 | 2.01 | 1.92 | 1.75 | 1.65 | 2.47 | 1.68 | 1.56 | 1.53 | 2.92 | 0.86 | 1.65 | 1.77 | 4.11 | 1.38 | 1.37 |
| — | -1.1% | +106.0% | -6.0% | -20.6% | +14.4% | -18.5% | +13.8% | +12.1% | +7.3% | -15.4% | +95.8% | -5.7% | -13.2% | -29.0% | -37.5% | +20.7% | +5.1% | +53.2% | -1.3% | +0.7% | |
| EV / EBITDA | 12.78 | 6.25 | 6.87 | 7.22 | 5.81 | 5.99 | 39.37 | 5.61 | 5.67 | 10.31 | 11.53 | 5.05 | 7.50 | 6.17 | 5.19 | 2.94 | 35.10 | — | — | 2.53 | 4.22 |
| — | +4.4% | -82.5% | +28.7% | +2.6% | -41.9% | +241.4% | +11.1% | -24.4% | +67.1% | +122.1% | +71.8% | -78.6% | — | — | +16.3% | +731.0% | — | — | -0.0% | +173.6% | |
| EV / EBIT | 14.36 | 4.29 | 6.36 | 6.68 | 3.88 | 4.23 | 9.90 | 4.25 | 3.90 | 5.50 | 5.55 | 3.38 | 3.96 | 3.75 | 3.51 | 2.62 | 7.04 | — | — | 2.42 | 3.91 |
| — | +1.4% | -35.8% | +57.3% | -0.6% | -23.1% | +78.4% | +25.8% | -1.4% | +46.5% | +58.0% | +29.0% | -43.8% | — | — | +8.1% | +80.2% | — | — | +0.6% | +165.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | 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 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.5% | 22.4% | 100.0% | 76.0% | 22.2% | 9.1% | 25.2% | 91.5% | 184.3% | 16.4% | 7.9% | -24.2% | 13.2% | 12.3% | 10.5% | 34.2% | 8.2% | 4.2% | 3.5% | 24.5% | 26.6% |
| — | +144.7% | +296.7% | -17.0% | -87.9% | -44.4% | +219.2% | +478.0% | +1296.8% | +34.0% | -25.1% | -170.8% | +61.8% | +194.7% | +204.1% | +39.4% | -69.4% | -82.0% | +102.1% | -45.7% | -27.8% | |
| Operating Margin | 13.4% | 14.1% | 11.9% | 22.1% | 12.9% | 5.5% | 7.7% | 50.1% | 16.1% | 7.5% | 3.6% | -9.6% | 5.9% | 6.2% | 5.7% | 14.4% | 2.3% | 7.2% | 10.3% | 11.8% | 9.5% |
| — | +155.8% | +54.5% | -55.8% | -19.8% | -26.6% | +117.2% | +621.0% | +173.0% | +20.8% | -37.7% | -166.7% | +154.5% | -13.6% | -44.5% | +22.6% | -75.7% | -44.9% | +124.5% | -1.0% | -43.0% | |
| Net Margin | 10.9% | 11.1% | 9.7% | 18.2% | 10.3% | 4.6% | 6.2% | 39.9% | 13.3% | 5.9% | 2.6% | -8.0% | 6.0% | 4.9% | 4.5% | 13.3% | 1.9% | 5.8% | 7.6% | 9.6% | 8.1% |
| — | +142.9% | +57.8% | -54.6% | -22.2% | -23.0% | +136.3% | +600.6% | +120.9% | +19.7% | -42.2% | -160.2% | +222.8% | -15.1% | -40.6% | +38.5% | -77.1% | -43.3% | +120.3% | -6.8% | -36.7% |
| Metric | TTM | 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 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.0% | 4.0% | 2.3% | 3.0% | 3.4% | 3.6% | 1.0% | 3.2% | 3.8% | 2.2% | 1.9% | 3.6% | 2.5% | 2.4% | 2.8% | 3.8% | 0.7% | -3.8% | -2.1% | 3.5% | 2.3% |
| — | +12.5% | +115.9% | -8.1% | -9.2% | +65.3% | -43.6% | -10.6% | +51.6% | -9.0% | -33.3% | -4.1% | +258.6% | +162.4% | +231.8% | +6.9% | -69.7% | -178.2% | -243.6% | +5.4% | -26.2% | |
| ROA | 0.6% | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.2% | 0.2% | 0.0% | -0.3% | -0.1% | 0.2% | 0.1% |
| — | +7.5% | +105.3% | -12.7% | -13.9% | +59.5% | -44.8% | -15.3% | +45.8% | -10.3% | -35.6% | -12.8% | +201.9% | +152.2% | +216.4% | +6.1% | -66.9% | -185.5% | -254.4% | +9.5% | -25.7% | |
| ROIC | 11.4% | 5.0% | 2.4% | 3.1% | 4.1% | 4.1% | 1.3% | 3.8% | 4.1% | 2.5% | 2.3% | 3.9% | 2.2% | 2.6% | 3.0% | 3.6% | 0.8% | -4.2% | -2.6% | 4.0% | 2.4% |
| — | +22.2% | +86.8% | -19.1% | -0.9% | +66.9% | -44.4% | -3.3% | +85.4% | -6.0% | -25.2% | +10.8% | +197.4% | +162.4% | +216.0% | -10.4% | -68.8% | -175.7% | -267.4% | +5.1% | -39.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | 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 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.28 | 0.26 | 0.25 | 0.28 | 0.25 | 0.26 | 0.27 | 0.27 | 0.26 | 0.28 | 0.27 | 0.26 | 0.26 | 0.27 | 0.28 | 0.25 | 0.24 | 0.23 | 0.22 | 0.20 | 0.21 |
| — | -0.7% | -5.0% | +4.5% | -1.0% | -6.2% | -0.9% | +2.3% | -2.9% | +2.1% | -3.1% | +2.5% | +10.5% | +16.7% | +24.4% | +26.5% | +12.3% | +7.4% | -14.1% | -23.7% | -20.3% | |
| Debt / EBITDA | 1.84 | 6.52 | 7.82 | 6.86 | 7.70 | 7.18 | 52.31 | 7.38 | 6.98 | 14.53 | 16.66 | 7.58 | 15.41 | 11.54 | 9.61 | 5.42 | 84.52 | — | — | 4.54 | 7.38 |
| — | -9.2% | -85.1% | -7.1% | +10.2% | -50.6% | +214.0% | -2.6% | -54.7% | +25.9% | +73.4% | +39.8% | -81.8% | — | — | +19.3% | +1045.0% | — | — | -27.9% | +19.9% | |
| Current Ratio | — | 2.36 | 2.24 | — | — | 0.09 | — | — | — | — | — | — | 77.68 | — | — | 1.06 | — | — | — | 1.35 | — |
| — | +2655.9% | — | — | — | — | — | — | — | — | — | — | — | — | — | -21.3% | — | — | — | — | — | |
| Quick Ratio | — | 2.36 | 2.24 | — | — | 0.09 | — | — | — | — | — | — | 77.68 | — | — | 1.06 | — | — | — | 1.35 | — |
| — | +2655.9% | — | — | — | — | — | — | — | — | — | — | — | — | — | -21.3% | — | — | — | — | — | |
| Interest Coverage | 5.64 | 8.14 | 4.77 | 5.70 | 6.74 | 7.28 | 2.86 | 6.04 | 6.71 | 4.25 | 3.95 | 6.44 | 3.83 | 4.77 | 5.68 | 7.66 | 2.59 | -10.40 | -8.68 | 11.25 | 6.66 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying MFC stock.
Manulife Financial Corporation's current P/E is 19.9x. The average P/E over the last 4 quarters is 10.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Manulife Financial Corporation's current operating margin is 13.4%. Margins have been expanding 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 Manulife Financial Corporation's business trajectory between earnings reports.