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Manulife FinancialPHS:MFC +1.07%70 EV-to-OCF is 3.16 as of Jul. 15, 2026, which is 24% above its 10-year median of 2.54. GuruFocus rates PHS:MFC with a GF Score™ of 70/100 and a GF Value™ of ₱1,734.40 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 505 Insurance companies, Manulife Financial ranks better than 65.35% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Manulife Financial's Enterprise Value is ₱4,074,397 Mil.
Manulife Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was ₱1,288,878 Mil. Therefore, Manulife Financial's EV-to-OCF for today is 3.16.
The historical rank and industry rank for Manulife Financial's EV-to-OCF or its related term are showing as below:
PHS:MFC'
s EV-to-OCF Range Over the Past 10 Years
Min: 0.95 Med: 2.54 Max: 3.32
Current: 3.27
During the past 13 years, the highest EV-to-OCF of Manulife Financial was 3.32. The lowest was 0.95. And the median was 2.54.
PHS:MFC's EV-to-OCF is ranked better than 65.35% of 505
companies
in the Insurance industry
Industry Median: 6.82
vs PHS:MFC: 3.27
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Manulife Financial's PE Ratio (TTM) for today is calculated as:
Manulife Financial's share price for today is ₱2450.00.
Manulife Financial's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱155.641.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Manulife Financial EV-to-OCF Related Terms
Manulife Financial EV-to-OCF Historical Data
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The historical data trend for Manulife Financial's EV-to-OCF 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.
For the Insurance - Life subindustry, Manulife Financial's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Manulife Financial EV-to-OCF vs Insurance Industry
For the Insurance industry and Financial Services sector, Manulife Financial's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Manulife Financial's EV-to-OCF falls into.
Manulife Financial's current Enterprise Value is ₱4,074,397 Mil.
Manulife Financial's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱1,288,878 Mil.
* 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.
Manulife Financial (PHS:MFC) has a EV-to-OCF of 3.16 as of Jul. 15, 2026. This is 24% above median its historical median of 2.54. Over the past decade, Manulife Financial's EV-to-OCF has ranged from 0.95 to 3.32. According to the industry distribution chart, Manulife Financial ranks #175 out of 505 companies in the Insurance industry, placing it in the top 34.7%.
Is Manulife Financial's EV-to-OCF too high?
Manulife Financial's current EV-to-OCF of 3.16 is 24% above median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 3.32. The Insurance industry median EV-to-OCF is 6.82. Manulife Financial's value of 3.16 is 53.7% below this industry median. Based on the distribution chart, Manulife Financial ranks #175 out of 505 companies in the Insurance industry, which is above the industry midpoint. Overall, Manulife Financial has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's EV-to-OCF compare to AFL and MET?
According to the Insurance industry distribution chart, Manulife Financial ranks #175 out of 505 companies for EV-to-OCF. This puts Manulife Financial in the upper half of its industry. The industry median EV-to-OCF is 6.82. Manulife Financial's value of 3.16 is 53.7% below this benchmark. Historically, Manulife Financial's own EV-to-OCF has ranged from 0.95 to 3.32 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 6.82, Manulife Financial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Insurance company?
The median EV-to-OCF among Insurance companies is 6.82, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife Financial's current EV-to-OCF of 3.16 is 53.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Insurance industry, the median EV-to-OCF is 6.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife Financial's current EV-to-OCF is 3.16, which is 24% above median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife Financial stock overvalued right now?
Based on GuruFocus' analysis, Manulife Financial (PHS:MFC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱1,734.40, compared to a current price of ₱2,450.00 — trading 41.3% above its estimated fair value. The current EV-to-OCF is 3.16, which is 24% above median its 10-year median of 2.54 and 53.7% below the Insurance industry median of 6.82. Manulife Financial's overall GF Score™ is 70/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Manulife Financial (PHS:MFC), the current EV-to-OCF is 3.16 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Manulife Financial (PHS:MFC) Overvalued in 2026?
Based on GuruFocus' analysis, Manulife Financial stock appears to be overvalued.
The current stock price of ₱2,450.00 is trading 41.3% above its estimated GF Value™ of ₱1,734.40.
GuruFocus considers Manulife Financial to be Significantly Overvalued.
Key valuation signals for PHS:MFC:
EV-to-OCF: 3.16 (24% above median its 10-year median of 2.54)
GF Value™: ₱1,734.40 vs. price of ₱2,450.00 (41.3% above fair value)
Industry Position: 53.7% below the Insurance median (#175 of 505)
No single metric tells the full story. See the PHS:MFC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manulife Financial is one of the Big Three Canadian life insurers. The firm provides life insurance, annuities, asset management, and wealth management products to individuals and group customers in Canada, the United States, and Asia. The Canadian business segment contributes approximately 21% of 2025 adjusted earnings. The Asia segment operates across 12 countries and contributes around 38% of earnings, with a significant presence in Hong Kong and Singapore. The US business, which primarily operates under the John Hancock brand, contributes about 16% of earnings. Manulife's global asset and wealth management business contributes approximately 25% of its earnings and had around CAD 1.1 trillion in assets under management and administration as of the end of 2025.
70GF Score
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