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 April 2024 (TTM): 12.7
According to Royal Bank Of Canada's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.722. 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 |
|---|---|---|
| 2022 | 11.0 | -7.79% |
| 2021 | 12.0 | -14.67% |
| 2020 | 14.0 | 17.37% |
| 2019 | 11.9 | 13.99% |
| 2018 | 10.5 | -25.04% |
| 2017 | 14.0 | 6.12% |
| 2016 | 13.2 | 30.63% |
| 2015 | 10.1 | -20.46% |
| 2014 | 12.7 | 1.9% |
| 2013 | 12.4 | 2.64% |
| 2012 | 12.1 | 3.61% |
| 2011 | 11.7 | -24.4% |
| 2010 | 15.5 | -32.94% |
| 2009 | 23.1 | 151.61% |
| 2008 | 9.17 | -28.97% |
| 2007 | 12.9 | -12.19% |
| 2006 | 14.7 | -19.88% |
| 2005 | 18.4 | 10.52% |
| 2004 | 16.6 | 14.41% |
| 2003 | 14.5 | 20.26% |
| 2002 | 12.1 | -0.92% |
| 2001 | 12.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 10.5 | -17.78% | 🇺🇸 USA |
 Toronto Dominion Bank TD | 10.4 | -18.56% | 🇨🇦 Canada |
 CIBC CM | 13.1 | 2.58% | 🇨🇦 Canada |
 Scotiabank BNS | 9.68 | -23.88% | 🇨🇦 Canada |
 Bank of Montreal
BMO | 12.1 | -5.03% | 🇨🇦 Canada |
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.