Royal Bank Of Canada
RY
#79
Rank
$126.63 B
Marketcap
$90.20
Share price
-0.64%
Change (1 day)
-10.75%
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 September 2022 (TTM): 10.2

According to Royal Bank Of Canada's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.1516. At the end of 2020 the company had a P/E ratio of 14.0.

P/E ratio history for Royal Bank Of Canada from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202014.017.37%
201911.913.99%
201810.5-25.04%
201714.0
201510.1-20.46%
201412.73.02%
201312.3

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.