Valuation Royal Bank of Canada

Equities

Market Closed - Toronto S.E. Other stock markets 04:16:59 2026-01-16 pm EST			5-day change	1st Jan Change
235.42 ^CAD	+0.03%		+0.17%	+0.61%

Jan. 16	Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say	RE
Jan. 16	Dividend 15 Split Raises C$142.6 Million in Preferred Shares Offering	MT

Data adjusted to current consolidation scope

Fiscal Period: October	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	183,527	175,425	155,218	238,180	288,683	329,526	-	-
Change	-	-4.41%	-11.52%	53.45%	21.2%	14.15%	-	-
Enterprise Value (EV)	183,527	175,425	155,218	238,180	288,683	329,526	329,526	329,526
Change	-	-4.41%	-11.52%	53.45%	21.2%	14.15%	0%	0%
P/E ratio	11.6x	11.4x	10.5x	15x	14.6x	15.2x	13.9x	12.9x
PBR	2x	1.73x	1.32x	1.87x	2.26x	2.41x	2.24x	2.17x
PEG	-	-	-2.07x	2.1x	0.6x	1.56x	1.45x	1.61x
Capitalization / Revenue	3.69x	3.58x	2.77x	4.15x	4.33x	4.69x	4.47x	4.36x
EV / Revenue	0x	0x	0x	0x	0x	4.69x	4.47x	4.36x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	10.2x	9.74x	10.1x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	4.32	4.96	5.34	5.6	6.04	6.737	7.292	8.43
Rate of return	3.35%	3.93%	4.82%	3.33%	2.94%	2.86%	3.1%	3.58%
EPS ²	11.06	11.06	10.5	11.25	14.07	15.44	16.92	18.27
Distribution rate	39.1%	44.8%	50.9%	49.8%	42.9%	43.6%	43.1%	46.1%
Net sales ¹	49,693	48,985	56,129	57,344	66,605	70,193	73,728	75,575
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	19,878	20,593	21,897	24,646	30,668	32,177	33,825	32,559
Net income ¹	16,038	15,547	14,623	15,908	19,868	21,373	22,978	24,414
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	128.82	126.05	110.76	168.39	205.47	235.36	235.36	235.36
Nbr of stocks (in thousands)	1,424,676	1,391,712	1,401,394	1,414,456	1,404,990	1,400,212	-	-
Announcement Date	12/1/21	11/30/22	11/30/23	12/4/24	12/3/25	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ROYAL BANK OF CANADA	15.24x	-	-	2.86%	237B
JPMORGAN CHASE & CO.	15.26x	-	-	1.87%	834B
BANK OF AMERICA CORPORATION	13.82x	-	-	2.06%	379B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	5.68x	-	-	5.48%	368B
WELLS FARGO & COMPANY	14.09x	-	-	1.91%	275B
HSBC HOLDINGS PLC	14.09x	-	-	4.28%	284B
CHINA CONSTRUCTION BANK CORPORATION	5.45x	-	-	5.48%	269B
BANK OF CHINA LIMITED	5.63x	-	-	5.44%	234B
MITSUBISHI UFJ FINANCIAL GROUP, INC.	15.47x	-	-	2.51%	212B
BANCO SANTANDER, S.A.	11.92x	-	-	2.17%	180B
Average	11.66x			3.41%	327.27B
Weighted average by Cap.	12.15x			3.19%