Manulife Financial Corporation
Manulife Financial Corporation is a leading international financial services company that provides insurance, wealth management, and asset management solutions to individuals, families, businesses, and institutional clients. Operating across Canada, the United States, Asia, and Europe, the company offers a broad range of products and services including life and health insurance, annuities, retirement plan services, investment products, and financial advice. Through its Manulife brand and its U.S. brand John Hancock, it serves retail, group, and workplace customers with protection, savings, and long-term financial solutions. Manulife also supports banks, advisors, employers, and retirement plan sponsors through distribution partnerships and specialized client platforms. Headquartered in Toronto, Canada, Manulife Financial Corporation plays a significant role in global insurance and long-term savings markets through its diversified business segments and broad client base.
$44.33
+$0.47 (+1.07%)
EOD Oct 16, 2026
Net margin is thin at 11.43%. This may reflect rising credit costs, rate compression, or operational inefficiency.
Revenue grew 1085.0% YoY.
At 16x earnings, the multiple is above the banking sector average. Financials rarely sustain elevated multiples through credit cycles.
16.5x earnings. In line with financial-sector norms. The question is whether the current credit environment supports sustained earnings at this level.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$57.48B
▲ +1085.0% YoY
Net Income (TTM)
C$7.07B
▲ +39.6% YoY
Net Margin
12.30%
P/E
16.5x
Balance Sheet
Total Assets
C$1.03T
Equity
C$52.49B
Total Debt
C$14.68B
Cash & Equiv.
C$26.70B
3Y CAGR: +30.9%
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Is Manulife Financial (MFC) overvalued?
At a P/E of 16.5 and a price-to-free-cash-flow of 3.4, Manulife Financial (MFC) trades below a two-stage DCF intrinsic value of about C$416.43 per share, so at C$44.33 the stock looks undervalued (839.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Manulife Financial scores 92/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.1%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Manulife Financial's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about C$416.43 per share for MFC, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around C$312.33. At today's C$44.33, that puts the stock about 839.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Manulife Financial a high-quality business?+
Manulife Financial scores 92 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Manulife Financial (MFC) pay a dividend, and how much?+
Yes, Manulife Financial pays a regular dividend of about C$0.71 per share per year (typically in quarterly installments), a yield of roughly 1.1% at the current price. That is a payout ratio of about 16.7% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MFC's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Manulife Financial a good stock to buy right now?+
That depends on valuation and quality together, not either alone. MFC currently trades below its estimated intrinsic value and scores 92/100 on quality (high-quality). It also yields about 1.1%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.