Manulife Financial CorporationMFC

Where MFC's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

$43.55+0.06 (+0.14%)Previous close
NYSEFinancial Services

MFC P/B: current value, 10-year range and year-by-year history

1.8Near historic high

MFC's p/b is higher than 95% of the last 10 years.

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
MFC P/B historyMFC P/B from Sep 2023 to Sep 2026: low 0.91, high 1.92, latest 1.84.0.831.121.411.712Sep 23Apr 24Nov 24Jul 25Feb 26Sep 26med 1.43

MFC P/B by year

Yearly range of MFC’s p/b from 2016 to 2026. Over the full period it ranged from 0.5 to 1.9, averaging 1.1.

MFC P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20261.51.71.91.8
20251.21.41.61.6
20241.11.31.61.5
20230.91.01.11.1
20220.70.80.90.8
20210.80.91.00.8
20200.50.71.10.8
20190.80.91.01.0
20180.81.11.40.8
20171.01.11.31.2
20160.81.01.11.1

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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.

Key caveats
  • Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
  • Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.

Is MFC P/B High or Low Right Now?

Manulife Financial Corporation's P/B is currently 1.8, which is near historic high relative to its 10-year historical range. The 10-year median P/B for MFC is approximately 1.0. See all MFC valuation metrics →

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