Manulife Financial (MFC) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Manulife Financial had a P/E ratio of 15.92 (up from 15.05), return on equity of 11.5% (down from 11.6%), debt-to-equity of 0.48 (up from 0.47) and a current ratio of 4.74 (down from 31.22). A current ratio of 4.74 means current assets exceed current liabilities. Its dividend yield was 3.53% with a payout ratio of 57.2%.

Manulife Financial Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	15.92	15.05	11.02	-	6.80	7.71
P/S Ratio	2.70	2.54	1.94	2.68	0.78	0.57
P/B Ratio	1.59	1.44	1.08	0.94	0.80	0.83
Price/Tangible Book	2.31	2.01	1.53	1.34	1.06	1.16
Price/OCF	2.60	2.88	2.59	2.72	2.02	2.19
Enterprise Value Ratios
EV/Revenue	2.73	2.65	2.29	3.17	0.85	0.67
EV/EBITDA	9.09	8.34	7.42	-	5.24	6.13
EV/EBIT	9.74	8.91	7.75	-	5.46	6.49
Profitability & Returns
Return on Equity (ROE)	11.49%	11.56%	11.57%	-3.70%	12.36%	10.82%
Return on Assets (ROA)	0.54%	0.60%	0.59%	-0.15%	0.65%	0.59%
Return on Invested Capital (ROIC)	9.50%	9.95%	9.78%	-2.73%	9.99%	8.74%
Leverage & Solvency Ratios
Debt/Equity	0.48	0.47	0.45	0.51	0.33	0.50
Debt/EBITDA	2.73	2.63	2.60	-	2.04	3.16
Liquidity Ratios
Current Ratio	4.74	31.22	20.86	30.18	250.06	-
Quick Ratio	1.55	10.28	7.57	10.39	110.70	-
Efficiency Ratios
Asset Turnover	0.03	0.03	0.03	0.02	0.07	0.09
Yield & Distribution Ratios
Earnings Yield	6.92%	7.38%	10.33%	-4.64%	14.21%	12.12%
Dividend Yield	3.53%	3.62%	4.99%	5.42%	4.65%	6.28%
Payout Ratio	57.16%	56.10%	54.40%	-	37.36%	43.94%
Buyback Yield	4.31%	2.88%	3.92%	1.70%	-0.15%	0.97%
Total Return	7.85%	6.51%	8.91%	7.11%	4.49%	7.25%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Manulife Financial Financial Ratios

What is Manulife Financial's P/E ratio?

Manulife Financial's P/E ratio was 15.92 for fiscal 2025 (period ended Dec 31, 2025). It was 15.05 a year earlier.

What is Manulife Financial's return on equity?

Manulife Financial's return on equity (ROE) was 11.5% for fiscal 2025 (period ended Dec 31, 2025). It was 11.6% a year earlier.

What is Manulife Financial's debt-to-equity ratio?

Manulife Financial's debt-to-equity ratio was 0.48 for fiscal 2025 (period ended Dec 31, 2025). It was 0.47 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition