Manulife Financial Corporation (MFC) P/E Ratio History
Historical price-to-earnings valuation from 2000 to 2025
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MFC Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Manulife Financial Corporation (MFC) trades at a price-to-earnings ratio of 17.7x, with a stock price of $39.97 and trailing twelve-month earnings per share of $4.70.
The current P/E is 42% below its 5-year average of 30.6x. Over the past five years, MFC's P/E has ranged from a low of 5.3x to a high of 433.3x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.4x, MFC trades at a 32% premium to its sector peers. The sector includes 774 companies with P/E ratios ranging from 0.0x to 195.8x.
Relative to the broader market, MFC trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MFC DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MFC P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $40B | 16.1 | 1.89 | +17% | |
| $52B | 16.7 | - | -19% | |
| $35B | 9.8 | - | +36% | |
| $6B | 2.0Lowest | 0.06Best | +474%Best | |
| $13B | 18.8 | 9.72 | -55% | |
| $22B | 19.3 | - | -21% | |
| $58B | 16.6 | - | -29% | |
| $12B | 11.0 | 0.71 | +18% | |
| $4B | 19.5 | 8.93 | -37% | |
| $4B | 15.7 | - | -61% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MFC Historical P/E Data (2000–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $36.28 | $3.07 | 11.8x | -42% |
| FY2025 Q3 | $31.15 | $3.11 | 10.0x | -51% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $31.96 | $3.09 | 10.3x | -49% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $31.15 | $2.63 | 11.8x | -41% |
| FY2024 Q4 | $30.71 | $2.83 | 10.9x | -46% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $29.55 | $2.83 | 10.4x | -48% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $26.62 | $2.35 | 11.3x | -44% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $24.99 | $2.33 | 10.7x | -47% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $22.10 | $2.61 | 8.5x | -58% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $18.28 | $2.70 | 6.8x | -67% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $18.91 | $2.41 | 7.8x | -61% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $18.36 | $0.78 | 23.5x | +16% |
Average P/E for displayed period: 20.2x
Full MFC Stock Analysis
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Start ComparisonMFC — Frequently Asked Questions
Quick answers to the most common questions about buying MFC stock.
Is MFC stock overvalued or undervalued?
MFC trades at 17.7x P/E, below its 5-year average of 30.6x. At the 90th percentile of historical range, the stock is priced at a discount to its own history.
How does MFC's valuation compare to peers?
Manulife Financial Corporation P/E of 17.7x compares to sector median of 13.4x. The premium reflects expected growth above peers.
What is MFC's PEG ratio?
MFC PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2000-2025.