Royal Bank of Canada (Royal Bank of Canada) Forward PE Ratio

: 11.93 (As of Today)

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Royal Bank of Canada's Forward PE Ratio for today is 11.93.

Royal Bank of Canada's PE Ratio without NRI for today is 12.09.

Royal Bank of Canada's PE Ratio for today is 12.56.

Royal Bank of Canada Forward PE Ratio Historical Data

The historical data trend for Royal Bank of Canada's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Royal Bank of Canada Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

10.74

12.77

12.74

10.22

11.17

12.08

12.24

10.96

11.57

11.93

Royal Bank of Canada Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	10.74	10.42	11.26	11.31	12.77	13.19	12.42	12.05	12.74	11.85	11.79	11.63	10.22	11.22	11.40	11.42	11.17	9.20	12.44	10.99	12.08	11.78	11.53	11.66	12.24	12.76	11.03	10.42	10.96	10.92	11.00	10.01	11.57	12.12

Competitive Comparison

For the Banks - Diversified subindustry, Royal Bank of Canada's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Royal Bank of Canada Forward PE Ratio Distribution

For the Banks industry and Financial Services sector, Royal Bank of Canada's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Royal Bank of Canada's Forward PE Ratio falls into.

Royal Bank of Canada Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Royal Bank of Canada (NYSE:RY) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Royal Bank of Canada Forward PE Ratio Related Terms

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Royal Bank of Canada (Royal Bank of Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (NYSE:RY) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

RYC:Germany RYC:Germany RY.PR.S.PFD:Canada RY.PR.Z.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY.PR.H.PFD:Canada RY:Canada

Address

1 Place Ville-Marie, Corporate Secretary's Department, Montreal, QC, CAN, H3B 3A9

Website

https://www.rbc.com

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.