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Manulife Financial (TSX:MFC) Shiller PE Ratio : 18.77 (As of Jul. 08, 2025)


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What is Manulife Financial Shiller PE Ratio?

As of today (2025-07-08), Manulife Financial's current share price is C$41.85. Manulife Financial's E10 for the quarter that ended in Mar. 2025 was C$2.23. Manulife Financial's Shiller PE Ratio for today is 18.77.

The historical rank and industry rank for Manulife Financial's Shiller PE Ratio or its related term are showing as below:

TSX:MFC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.57   Med: 16.49   Max: 33.51
Current: 18.81

During the past years, Manulife Financial's highest Shiller PE Ratio was 33.51. The lowest was 10.57. And the median was 16.49.

TSX:MFC's Shiller PE Ratio is ranked worse than
64.89% of 356 companies
in the Insurance industry
Industry Median: 14.53 vs TSX:MFC: 18.81

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Manulife Financial's adjusted earnings per share data for the three months ended in Mar. 2025 was C$0.250. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is C$2.23 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Manulife Financial Shiller PE Ratio Historical Data

The historical data trend for Manulife Financial's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Manulife Financial Shiller PE Ratio Chart

Manulife Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.63 11.49 12.05 13.78 19.93

Manulife Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.84 16.97 18.42 19.93 20.15

Competitive Comparison of Manulife Financial's Shiller PE Ratio

For the Insurance - Life subindustry, Manulife Financial's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Manulife Financial's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Manulife Financial's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Manulife Financial's Shiller PE Ratio falls into.


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Manulife Financial Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Manulife Financial's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=41.85/2.23
=18.77

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Manulife Financial's E10 for the quarter that ended in Mar. 2025 is calculated as:

For example, Manulife Financial's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.25/129.1809*129.1809
=0.250

Current CPI (Mar. 2025) = 129.1809.

Manulife Financial Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201506 0.290 100.500 0.373
201509 0.300 100.421 0.386
201512 0.110 99.947 0.142
201603 0.510 101.054 0.652
201606 0.340 102.002 0.431
201609 0.550 101.765 0.698
201612 0.010 101.449 0.013
201703 0.660 102.634 0.831
201706 0.610 103.029 0.765
201709 0.540 103.345 0.675
201712 -0.840 103.345 -1.050
201803 0.670 105.004 0.824
201806 0.610 105.557 0.747
201809 0.770 105.636 0.942
201812 0.280 105.399 0.343
201903 1.080 106.979 1.304
201906 0.730 107.690 0.876
201909 0.350 107.611 0.420
201912 0.610 107.769 0.731
202003 0.640 107.927 0.766
202006 0.350 108.401 0.417
202009 1.040 108.164 1.242
202012 0.890 108.559 1.059
202103 0.380 110.298 0.445
202106 1.330 111.720 1.538
202109 0.800 112.905 0.915
202112 1.030 113.774 1.169
202203 -0.660 117.646 -0.725
202206 -1.130 120.806 -1.208
202209 0.230 120.648 0.246
202212 0.420 120.964 0.449
202303 0.730 122.702 0.769
202306 0.500 124.203 0.520
202309 0.520 125.230 0.536
202312 0.850 125.072 0.878
202403 0.450 126.258 0.460
202406 0.520 127.522 0.527
202409 1.000 127.285 1.015
202412 0.870 127.364 0.882
202503 0.250 129.181 0.250

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Manulife Financial  (TSX:MFC) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Manulife Financial Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Manulife Financial's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Manulife Financial Business Description

Address
200 Bloor Street East, Toronto, ON, CAN, M4W 1E5
Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.05 trillion in assets under management and administration as of the end of 2023. The US business, which primarily operates under the John Hancock brand, contributes about 27% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 23% of earnings.
Executives
Ka Ming (kenneth) Dai Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Trevor Kreel Senior Officer
Rahim Hirji Senior Officer
Brooks Tingle Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Philip James Witherington Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer
Stephanie Fadous Senior Officer
Naveed Irshad Senior Officer
Anthony Alex Silva Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Aimee Decamillo Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
John Richard Hatch Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Kenneth Michael Ross Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Paul Lorentz Senior Officer
James D. Gallagher Senior Officer
Steve Finch Senior Officer
Rocco Gori Director, Senior Officer