Royal Bank Of Canada
RY
#83
Rank
HK$1.327 T
Marketcap
HK$937.80
Share price
0.00%
Change (1 day)
17.78%
Change (1 year)

The Royal Bank of Canada is Canada's largest bank. The bank has over 1,300 branches in Canada and approximately 80,000 employees in 55 countries.

P/E ratio for Royal Bank Of Canada (RY)

P/E ratio as of December 2024 (TTM): 15.7

According to Royal Bank Of Canada's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.673. At the end of 2022 the company had a P/E ratio of 11.0.

P/E ratio history for Royal Bank Of Canada from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202211.0-7.79%
202112.0-14.67%
202014.017.37%
201911.913.99%
201810.5-25.04%
201714.06.12%
201613.230.63%
201510.1-20.46%
201412.71.9%
201312.42.64%
201212.13.61%
201111.7-24.4%
201015.5-32.94%
200923.1151.61%
20089.17-28.97%
200712.9-12.19%
200614.7-19.88%
200518.410.52%
200416.614.41%
200314.520.26%
200212.1-0.92%
200112.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.19-41.38%๐Ÿ‡จ๐Ÿ‡ฆ Canada
13.0-17.15%๐Ÿ‡จ๐Ÿ‡ฆ Canada
11.2-28.63%๐Ÿ‡จ๐Ÿ‡ฆ Canada
17.7 12.92%๐Ÿ‡จ๐Ÿ‡ฆ Canada
12.2-22.00%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.