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Royal Bank of Canada
Royal Bank of Canada (RY) is listed on NYSE and classified in Banks - Diversified, part of the Financial Services sector. It is headquartered in Toronto, Canada and has 101,269 employees. The company is worth $279.74B and trades at 17.7x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was CA$66.53B in fiscal 2025, up 15.7% from the year before. Net income was CA$20.36B. The share price is 7.6% below its 52-week high of $218.57. It pays a dividend yielding 1.21%, and has raised its annual dividend for 10 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Baillie Gifford (Baillie Gifford & Co), at $740.15M. In that quarter, 4 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +99.7% over 5Y.
today you would have $2,225.13▲ +122.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $170.49 | $120.51 | $101.13 | $94.02 | |
| EPS | CA$14.07 | — | — | — | |
| Dividend yield | 3.66% | 1.89% | 3.39% | 3.93% | 4.07% |
| Profit margin | 29.46% | 30.60% | 28.23% | 28.31% | 32.38% |
| ROE | 13.69% | 14.64% | 12.77% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Median P/E of 13.2 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MSMorgan Stanley | $183.97 | 14.6x | 2.7x | 2.50% | — | $288.94B |
| GSGoldman Sachs Group Inc | $891.30 | 12.8x | 2.4x | 2.24% | 17.75% | $259.52B |
| WFCWells Fargo & Company | $83.01 | 11.7x | 1.6x | 2.41% | 12.91% | $249.17B |
| HSBCHSBC Holdings PLC | $91.89 |
| 12.69% |
| 14.62% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
2 methods answered, across 1 families.
Room for errors in the reported numbers.
-29.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 13.1x |
| 7.3x |
| 4.08% |
| 13.11% |
| $314.26B |
| MUFGMitsubishi Ufj Financial Group Inc | $21.41 | 14.0x | 1.7x | 2.52% | 9.46% | $240.99B |
| AXPAmerican Express Co | $325.17 | 19.6x | 6.4x | 1.17% | 34.38% | $219.59B |