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Manulife Valuation Multiples
Discover revenue and EBITDA valuation multiples for Manulife and similar public comparables like Life Insurance Corporation of India, Aflac, Generali, Allstate and more.
Manulife Overview
About Manulife
Manulife Financial is one of the Big Three Canadian life insurers. The firm provides life insurance, annuities, asset management, and wealth management products to individuals and group customers in Canada, the United States, and Asia. The Canadian business segment contributes approximately 22% of adjusted earnings. The Asia segment operates across 12 countries and contributes around 36% of earnings, with a significant presence in Hong Kong and Singapore. The US business, which primarily operates under the John Hancock brand, contributes about 23% of earnings. Manulife’s global asset and wealth management business contributes approximately 20% of its earnings and had around CAD 1.03 trillion in assets under management and administration as of the end of 2024.
Founded
1999
HQ
Employees
27.0K
Website
Sectors
Financials (LTM)
EV
$54B
Manulife Financials
Manulife reported last 12-month revenue of $26B and EBITDA of $2B.
In the same LTM period, Manulife generated $2B in EBITDA and $6B in net income.
Revenue (LTM)
Manulife P&L
In the most recent fiscal year, Manulife reported revenue of $39B and EBITDA of $2B.
Manulife expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $26B | XXX | $39B | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 5% | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $6B | XXX | $6B | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 14% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Manulife Stock Performance
Manulife has current market cap of $58B, and enterprise value of $54B.
Market Cap Evolution
Manulife's stock price is $34.83.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $54B | $58B | 0.0% | XXX | XXX | XXX | $3.30 |
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Start Free TrialManulife Valuation Multiples
Manulife trades at 2.1x EV/Revenue multiple, and 22.2x EV/EBITDA.
EV / Revenue (LTM)
Manulife Financial Valuation Multiples
As of March 24, 2026, Manulife has market cap of $58B and EV of $54B.
Equity research analysts estimate Manulife's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Manulife has a P/E ratio of 10.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $58B | XXX | $58B | XXX | XXX | XXX |
| EV (current) | $54B | XXX | $54B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 22.2x | XXX | 28.8x | XXX | XXX | XXX |
| EV/EBIT | 9.9x | XXX | 10.0x | XXX | XXX | XXX |
| P/E | 10.5x | XXX | 10.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 2.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Manulife Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Manulife Margins & Growth Rates
Manulife's revenue in the last 12 month grew by 6%.
Manulife's revenue per employee in the last FY averaged $1.0M.
Manulife's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Manulife's rule of X is 26% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Manulife Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | (29%) | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Growth | 82% | XXX | 133% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 16% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 26% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Manulife Public Comps
See public comps and valuation multiples for other Insurance Carriers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Life Insurance Corporation of India | XXX | XXX | XXX | XXX | XXX | XXX |
| Aflac | XXX | XXX | XXX | XXX | XXX | XXX |
| Generali | XXX | XXX | XXX | XXX | XXX | XXX |
| Allstate | XXX | XXX | XXX | XXX | XXX | XXX |
| Elevance Health | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Manulife M&A Activity
Manulife acquired XXX companies to date.
Last acquisition by Manulife was on XXXXXXXX, XXXXX. Manulife acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Manulife
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialManulife Investment Activity
Manulife invested in XXX companies to date.
Manulife made its latest investment on XXXXXXXX, XXXXX. Manulife invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Manulife
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Manulife
| When was Manulife founded? | Manulife was founded in 1999. |
| Where is Manulife headquartered? | Manulife is headquartered in Canada. |
| How many employees does Manulife have? | As of today, Manulife has over 27K employees. |
| Who is the CEO of Manulife? | Manulife's CEO is Paul R. Lorentz. |
| Is Manulife publicly listed? | Yes, Manulife is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Manulife? | Manulife trades under MFC ticker. |
| When did Manulife go public? | Manulife went public in 1999. |
| Who are competitors of Manulife? | Manulife main competitors are Life Insurance Corporation of India, Aflac, Generali, Allstate. |
| What is the current market cap of Manulife? | Manulife's current market cap is $58B. |
| What is the current revenue of Manulife? | Manulife's last 12 months revenue is $26B. |
| What is the current revenue growth of Manulife? | Manulife revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Manulife? | Current revenue multiple of Manulife is 2.1x. |
| Is Manulife profitable? | Yes, Manulife is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Manulife? | Manulife's last 12 months EBITDA is $2B. |
| What is Manulife's EBITDA margin? | Manulife's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Manulife? | Current EBITDA multiple of Manulife is 22.2x. |
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