RE:About the resultsJust make the PE calculation with Sun File
Profit $3,934 B
Number of shares 586 000 000
Ptofit /share $ 6,71
Share price $ 73,81
PE ratio $ 73 ,81/ $ 6,71 =11,0
MFC look to me undervalued an much room to appreciate
Summary
MFC 7,36 SLF 11.0
RY 13,02
bossu wrote: MFC earn $ 7,1 B
Nnumber of shares 1 942 706 408
On a earning/share basis $ 3,65 /share
On a share price /earning $ 26,90 / $ 3,65 ratio PE: 7,36
Royal Bank earning /sh $11,21
Share price $ 146,00 Ratio PE 13,02
Just to s how how undervalued is MFC
Of course it would be better to compare with Sun Life or another Insurance but make your own exercises.