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 → | 20.14 | 12.38 | 11.69 | 10.31 | 9.77 | 8.56 | 9.92 | 8.61 | 10.39 | 9.04 | 8.83 | 9.76 | 6.89 | 9.08 | 9.62 | 11.48 | 8.44 | 9.71 | 8.53 | 10.04 | 9.74 |
| — | +44.6% | +17.8% | +19.8% | -6.0% | -5.3% | +12.3% | -11.8% | +50.8% | -0.4% | -8.2% | -14.9% | -18.4% | -6.5% | +12.8% | +14.3% | -13.4% | +14.1% | -1.3% | +32.1% | +24.1% | |
| P/S Ratio | 5.96 | 2.50 | 2.65 | 2.39 | 3.00 | 2.67 | 2.71 | 2.58 | 2.84 | 2.69 | 2.45 | 2.50 | 2.11 | 2.68 | 2.78 | 2.66 | 2.56 | 2.82 | 3.19 | 3.12 | 3.01 |
| — | -6.5% | -1.9% | -7.6% | +5.7% | -0.9% | +10.5% | +3.4% | +34.6% | +0.7% | -11.8% | -6.1% | -17.5% | -5.2% | -12.9% | -14.7% | -14.9% | -0.7% | +8.3% | +39.7% | +33.4% | |
| P/B Ratio | 2.88 | 1.43 | 1.31 | 1.22 | 1.48 | 1.34 | 1.28 | 1.30 | 1.35 | 1.27 | 1.13 | 1.18 | 0.97 | 1.23 | 1.24 | 1.31 | 1.19 | 1.31 | 1.37 | 1.59 | 1.50 |
| — | +7.2% | +2.8% | -5.8% | +10.3% | +5.0% | +13.5% | +9.9% | +38.5% | +3.3% | -9.2% | -10.3% | -18.1% | -6.2% | -9.3% | -17.5% | -21.0% | -12.5% | -6.8% | +24.7% | +30.6% | |
| P/FCF | 7.48 | — | 2.00 | 7.29 | — | 1.59 | 4.52 | 1.42 | 2.59 | 1.76 | — | — | — | 4.08 | 3.60 | 2.06 | — | 2.72 | 193.90 | 5.18 | 4.02 |
| — | — | -55.7% | +414.4% | — | -9.6% | — | — | — | -56.9% | — | — | — | +49.9% | -98.1% | -60.1% | — | +98.2% | — | +446.0% | — | |
| EV / EBITDA | 39.82 | 16.53 | 16.48 | 15.02 | 31.45 | 28.24 | 33.19 | 28.47 | 34.29 | 32.46 | 34.23 | 38.77 | 38.96 | 34.97 | 33.82 | 28.74 | 29.15 | 28.72 | 24.33 | 23.11 | 23.09 |
| — | -41.5% | -50.3% | -47.2% | -8.3% | -13.0% | -3.0% | -26.6% | -12.0% | -7.2% | +1.2% | +34.9% | +33.7% | +21.8% | +39.0% | +24.4% | +26.2% | +43.1% | +17.3% | +4.2% | -7.2% | |
| EV / EBIT | 44.60 | 18.17 | 18.22 | 16.46 | 34.93 | 31.40 | 37.88 | 31.90 | 39.69 | 37.07 | 39.25 | 44.79 | 46.27 | 40.35 | 39.21 | 32.52 | 33.28 | 32.86 | 27.33 | 25.91 | 26.17 |
| — | -42.1% | -51.9% | -48.4% | -12.0% | -15.3% | -3.5% | -28.8% | -14.2% | -8.1% | +0.1% | +37.7% | +39.0% | +22.8% | +43.5% | +25.5% | +27.2% | +46.5% | +17.4% | +3.4% | -10.2% |
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 | 93.4% | 95.2% | 94.8% | 93.9% | 94.1% | 94.8% | 90.9% | 93.7% | 94.4% | 95.5% | 93.4% | 94.1% | 94.6% | 95.2% | 95.2% | 96.0% | 97.0% | 97.2% | 103.1% | 99.2% | 101.8% |
| — | +0.4% | +4.2% | +0.2% | -0.3% | -0.7% | -2.7% | -0.4% | -0.2% | +0.3% | -1.8% | -2.0% | -2.5% | -2.0% | -7.6% | -3.2% | -4.8% | -6.8% | +2.2% | +0.0% | +5.9% | |
| Operating Margin | 38.6% | 37.3% | 40.8% | 41.3% | 39.7% | 40.5% | 35.2% | 38.5% | 34.6% | 36.6% | 35.2% | 31.6% | 30.7% | 35.6% | 35.8% | 39.3% | 38.8% | 37.7% | 47.4% | 41.3% | 40.4% |
| — | -8.0% | +15.6% | +7.4% | +14.7% | +10.8% | +0.0% | +21.7% | +12.7% | +2.9% | -1.4% | -19.5% | -20.7% | -5.6% | -24.6% | -4.9% | -4.1% | -14.0% | +5.8% | +9.2% | +7.9% | |
| Net Margin | 30.6% | 29.0% | 31.6% | 32.3% | 31.6% | 31.9% | 28.0% | 30.7% | 28.0% | 30.5% | 28.2% | 26.0% | 31.2% | 29.9% | 29.6% | 23.5% | 30.9% | 29.6% | 38.0% | 31.4% | 31.5% |
| — | -9.3% | +12.8% | +5.2% | +12.8% | +4.6% | -0.8% | +17.9% | -10.1% | +2.2% | -4.6% | +10.8% | +0.9% | +1.0% | -22.0% | -25.2% | -1.9% | -12.4% | +9.4% | +5.5% | +7.4% |
| 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 | 15.3% | 4.2% | 3.9% | 4.1% | 4.0% | 4.0% | 3.3% | 3.9% | 3.4% | 3.6% | 3.3% | 3.1% | 3.6% | 3.4% | 3.4% | 2.9% | 3.7% | 3.4% | 4.1% | 4.1% | 4.0% |
| — | +4.4% | +18.8% | +5.2% | +17.9% | +10.9% | -0.5% | +27.4% | -7.6% | +5.7% | -1.2% | +6.6% | -0.7% | +0.5% | -18.5% | -28.9% | -8.3% | -24.4% | -6.1% | -6.1% | +6.3% | |
| ROA | 0.9% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| — | +1.6% | +17.3% | +5.4% | +20.1% | +11.0% | +0.4% | +30.7% | -4.7% | +10.3% | +3.7% | +10.6% | +1.0% | +2.2% | -19.5% | -31.3% | -9.8% | -25.3% | -3.4% | +1.5% | +16.5% | |
| ROIC | 2.0% | 1.1% | 1.0% | 0.8% | 0.5% | 0.6% | 0.5% | 0.5% | 0.4% | 0.5% | 0.4% | 0.4% | 0.3% | 0.4% | 0.4% | 0.5% | 0.5% | 0.5% | 0.6% | 0.6% | 0.6% |
| — | +89.7% | +125.8% | +40.9% | +22.9% | +20.5% | +8.1% | +46.0% | +27.5% | +17.1% | +6.2% | -23.9% | -26.3% | -14.0% | -29.2% | -19.2% | -18.0% | -30.1% | -8.7% | +3.6% | +16.6% |
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 | 6.00 | 2.88 | 2.77 | 2.59 | 6.00 | 5.82 | 5.90 | 5.76 | 6.13 | 6.03 | 6.05 | 6.67 | 6.73 | 6.86 | 6.65 | 6.67 | 6.46 | 6.25 | 5.96 | 5.78 | 5.74 |
| — | -50.5% | -53.0% | -55.0% | -2.1% | -3.5% | -2.6% | -13.7% | -8.9% | -12.1% | -8.9% | -0.0% | +4.1% | +9.9% | +11.5% | +15.3% | +12.5% | +9.1% | +5.5% | -6.4% | -8.0% | |
| Debt / EBITDA | 29.06 | 49.22 | 49.87 | 44.72 | 110.08 | 103.36 | 124.05 | 106.46 | 129.15 | 122.40 | 130.33 | 154.71 | 160.24 | 145.50 | 143.63 | 121.38 | 125.97 | 124.64 | 104.37 | 97.75 | 100.34 |
| — | -52.4% | -59.8% | -58.0% | -14.8% | -15.6% | -4.8% | -31.2% | -19.4% | -15.9% | -9.3% | +27.5% | +27.2% | +16.7% | +37.6% | +24.2% | +25.5% | +40.8% | +15.9% | -3.2% | -10.0% | |
| Current Ratio | 0.13 | 4.85 | 4.42 | 0.17 | 0.13 | 0.30 | 0.29 | 0.28 | 0.14 | 0.25 | 0.25 | 0.29 | 0.18 | 0.31 | 0.29 | 0.29 | 0.21 | 0.28 | 0.28 | 0.28 | 0.21 |
| — | +1507.1% | +1447.9% | -41.0% | -2.7% | +18.4% | +15.9% | -1.6% | -24.9% | -16.8% | -16.4% | -0.9% | -12.3% | +10.1% | +7.2% | +3.6% | +0.6% | +2.3% | +4.0% | -4.1% | +8.3% | |
| Quick Ratio | 0.13 | 4.85 | 4.42 | 0.17 | 0.13 | 0.30 | 0.29 | 0.28 | 0.14 | 0.25 | 0.25 | 0.29 | 0.18 | 0.31 | 0.29 | 0.29 | 0.21 | 0.28 | 0.28 | 0.28 | 0.21 |
| — | +1507.1% | +1447.9% | -41.0% | -2.7% | +18.4% | +15.9% | -1.6% | -24.9% | -16.8% | -16.4% | -0.9% | -12.3% | +10.1% | +7.2% | +3.6% | +0.6% | +2.3% | +4.0% | -4.1% | +8.3% | |
| Interest Coverage | 0.36 | 0.43 | 0.43 | 0.42 | 0.39 | 0.39 | 0.33 | 0.35 | 0.28 | 0.27 | 0.26 | 0.23 | 0.23 | 0.28 | 0.31 | 0.40 | 0.56 | 0.94 | 2.14 | 2.56 | 2.55 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying RY stock.
Royal Bank of Canada's current P/E is 20.1x. The average P/E over the last 4 quarters is 11.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Royal Bank of Canada's current operating margin is 38.6%. 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 Royal Bank of Canada's business trajectory between earnings reports.