US · MFC
Manulife Financial Corporation
- Sector
- Financial Services · Insurance - Life
- Headquarters
- Toronto, ON M4W 1E5
- Website
- manulife.com
Price · as of 2025-12-31
$39.10
Market cap 59.59B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $72.30 | +84.91% |
| Intrinsic Value(DCF) | $13.98 | -64.25% |
| Graham-Dodd Method(GD) | $9.90 | -74.68% |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $7.03 | $5.59 | $0.00 | $4.30 | $3.30 |
| 2012 | $8.97 | $10.20 | $0.00 | $7.60 | $0.00 |
| 2013 | $11.75 | $11.97 | $4.75 | $11.30 | $0.00 |
| 2014 | $10.57 | $16.41 | $101.04 | $13.00 | $272.00 |
| 2015 | $9.27 | $4.03 | $0.00 | $9.30 | $0.00 |
| 2016 | $12.13 | $8.67 | $4.90 | $9.90 | $68.60 |
| 2017 | $13.17 | $5.30 | $6.24 | $6.90 | $13.00 |
| 2018 | $12.02 | $6.65 | $0.00 | $13.30 | $0.00 |
| 2019 | $12.17 | $114.21 | $282.95 | $17.70 | $216.10 |
| 2020 | $17.46 | $6.98 | $48.89 | $13.80 | $14.10 |
| 2021 | $16.67 | $22.12 | $0.00 | $17.40 | $0.00 |
| 2022 | $16.68 | $9.98 | $0.00 | $0.00 | $38.50 |
| 2023 | $22.32 | $8.93 | $0.00 | $9.40 | $0.00 |
| 2024 | $28.38 | $36.08 | $0.00 | $10.50 | |
| 2025 | $34.95 | $101.02 | $8.81 | $9.90 |
AI valuation
Our deep-learning model estimates Manulife Financial Corporation's (MFC) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $72.30
- Current price
- $39.10
- AI upside
- +84.91%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$13.98
-64.25% upside
Graham-Dodd
$9.90
-74.68% upside
Graham Formula
—
— upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| MFC | Manulife Financial Corpor… | $39.10 | 59.59B | +158% | -64% | -75% | — | 14.94 | 1.63 | 1.57 | 12.20 | 184.44 | 2.15 | 25.51% | 13.38% | 10.91% | 10.86% | 13.37% | 0.56% | 0.29 | 4.64 | — | — | -0.03 | 810.00% | -82741.00% | 2108.00% | 38.57% | — | 70.79% | 3.97% | 59.30% | 6.89% | 11.69 | 2.59 | 1.56 | 0.22 |
| BNS | The Bank of Nova Scotia | $75.75 | 94.39B | +216% | +13% | -78% | +787% | 16.20 | 1.45 | 1.72 | 43.06 | — | 1.78 | 44.25% | 14.36% | 10.64% | 9.17% | 2.05% | 0.54% | 5.80 | 0.29 | 0.12 | 0.12 | 36.16 | -290.00% | 14820.00% | -6663.00% | 4.03% | 0.01 | 1.34% | 4.68% | 75.70% | 5.39% | 49.63 | 103.08 | 7.13 | -0.59 |
| CM | Canadian Imperial Bank of… | $100.96 | 94.12B | +88% | -45% | -69% | -68% | 14.03 | 1.85 | 1.91 | 31.49 | 79.17 | 2.13 | 43.02% | 17.64% | 13.59% | 13.76% | 2.77% | 0.78% | 5.55 | 0.33 | 0.13 | 0.13 | 24.76 | 1772.00% | -314.00% | -34456.00% | -20.62% | -0.03 | -8.00% | 3.37% | 47.20% | 5.96% | 34.89 | -15.61 | 6.15 | -0.59 |
| LNC | Lincoln National Corporat… | $34.30 | 6.52B | +94% | -60% | +50% | +74% | 5.35 | 0.58 | 0.35 | 1.96 | — | 0.65 | 57.34% | 7.35% | 6.46% | 12.28% | -53.22% | 0.29% | 0.57 | 5.89 | — | — | -2.07 | -6828.00% | 124.00% | -9168.00% | -2.65% | — | 7.55% | 6.60% | 35.30% | 66.74% | 2.29 | -18.36 | 0.17 | 0.12 |
| MET | MetLife, Inc. | $72.07 | 47.49B | +5% | -2% | -26% | +26% | 14.41 | 1.71 | 0.63 | 8.04 | — | 2.59 | 36.36% | 6.05% | 4.38% | 12.10% | -23.70% | 0.48% | 0.68 | 4.39 | — | — | -0.47 | -1919.00% | 1022.00% | -8121.00% | 5.83% | — | -19.78% | 0.00% | 0.00% | 2.77% | 9.87 | 16.20 | 0.60 | 0.38 |
| PRU | Prudential Financial, Inc… | $98.38 | 34.24B | +31% | -59% | -41% | — | 9.83 | 1.08 | 0.58 | 8.61 | 27.11 | 3.89 | 42.04% | 7.87% | 5.88% | 11.86% | 32.97% | 0.47% | 1.03 | 2.27 | — | — | 2.76 | 3627.00% | -1401.00% | -2624.00% | 17.83% | — | 55.40% | 5.48% | 53.90% | 8.32% | 8.84 | 6.75 | 0.70 | 0.23 |
| PUK | Prudential plc | $30.75 | 40.12B | -17% | -75% | -53% | — | 8.06 | 1.49 | 3.21 | 9.68 | — | 2.04 | 100.00% | 36.28% | 28.07% | 18.34% | 11.82% | 1.82% | 0.27 | 17.27 | 4.25 | 1.07 | 0.78 | -3226.00% | -3201.00% | 34518.00% | 13.43% | 0.83 | 17.16% | 2.11% | 17.00% | 9.26% | 9.61 | 8.09 | 3.49 | 0.38 |
| RY | Royal Bank of Canada | $167.23 | 234.95B | +114% | -45% | -73% | -37% | 16.33 | 2.39 | 2.42 | 34.89 | 64.13 | 2.96 | 45.26% | 18.67% | 14.82% | 15.30% | 2.63% | 0.91% | 6.00 | 0.36 | 0.13 | 0.13 | 26.02 | 2547.00% | 213.00% | 15398.00% | 15.92% | 0.04 | 6.84% | 2.65% | 43.20% | 6.70% | 39.08 | 18.92 | 7.30 | -0.45 |
| SLF | Sun Life Financial Inc. | $65.55 | 36.34B | -10% | +232,350% | -95% | +109% | 14.71 | 2.13 | 1.24 | 12.13 | 88.06 | 5.30 | 100.00% | 11.37% | 8.87% | 14.03% | 14.53% | 0.92% | 0.90 | 9.12 | — | — | 2.32 | 1670.00% | 2229.00% | 46936.00% | 26.07% | — | 52.31% | 3.95% | 58.10% | 7.22% | 13.46 | 4.74 | 1.53 | 0.32 |
| TD | The Toronto-Dominion Bank | $97.36 | 164B | +109% | -38% | -59% | -52% | 11.01 | 1.77 | 1.95 | 28.09 | 7.60 | 2.14 | 49.01% | 20.67% | 17.73% | 16.90% | 3.47% | 0.99% | 5.19 | 0.44 | 0.12 | 0.12 | 20.93 | 14492.00% | -280.00% | -23607.00% | -31.75% | -0.04 | -12.14% | 3.39% | 37.30% | 12.60% | 30.64 | -10.22 | 6.33 | -0.61 |
| UNM | Unum Group | $71.73 | 12B | -38% | -60% | -20% | -40% | 16.84 | 1.12 | 0.95 | 12.79 | — | 1.16 | 38.22% | 7.15% | 5.66% | 6.69% | 5.00% | 1.17% | 0.35 | 4.47 | — | — | 2.96 | -5476.00% | 207.00% | -5997.00% | 4.46% | — | 3.76% | 2.46% | 41.50% | 10.58% | 17.34 | 29.14 | 1.24 | 0.71 |
About Manulife Financial Corporation
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; And Corporate and Other segments. The Wealth and Asset Management Businesses segment provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks. The Insurance and Annuity Products segment offers deposit and credit products; individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing. The Corporate and Other segment is involved in property and casualty insurance and reinsurance businesses; and run-off reinsurance operations, including variable annuities, and accident and health. It also manages timberland and agricultural portfolios; and engages in insurance agency, portfolio and mutual fund management, mutual fund dealer, life, annuity, long-term care, and financial reinsurance; and fund management businesses. Additionally, the company holds and manages provides investment management, counseling, advisory, and dealer services. Manulife Financial Corporation was incorporated in 1887 and is headquartered in Toronto, Canada.
- CEO
- Philip James Witherington
- Employees
- 37K
- Beta
- 0.87
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($13.98 ÷ $39.10) − 1 = -64.25% (DCF, example).