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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Manulife Financial's Enterprise Value is HK$562,734 Mil.
Manulife Financial's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was HK$53,377 Mil. Therefore, Manulife Financial's EV-to-EBIT ratio for today is 10.54.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Manulife Financial's Enterprise Value is HK$562,734 Mil.
Manulife Financial's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was HK$42,667 Mil. Therefore, Manulife Financial's EV-to-EBITDA ratio for today is 13.19.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Manulife Financial's Enterprise Value is HK$562,734 Mil.
Manulife Financial's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was HK$302,129 Mil. Therefore, Manulife Financial's EV-to-Revenue ratio for today is 1.86.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Manulife Financial (HKSE:00945) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Manulife Financial's current Enterprise Value is HK$562,734 Mil.
Manulife Financial's EBIT 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 HK$53,377 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Manulife Financial's current Enterprise Value is HK$562,734 Mil.
Manulife Financial's EBITDA 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 HK$42,667 Mil.
Manulife Financial's current Enterprise Value is HK$562,734 Mil.
Manulife Financial's Revenue 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 HK$302,129 Mil.
Manulife Financial's current Enterprise Value is HK$562,734 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 HK$163,104 Mil.
Manulife Financial's current Enterprise Value is HK$562,734 Mil.
Manulife Financial's Free Cash Flow 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 HK$163,104 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 Enterprise Value Related Terms
Manulife Financial Enterprise Value Historical Data
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The historical data trend for Manulife Financial's Enterprise Value 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.
HKSE:00945 vs AFL, MET, PRU: Enterprise Value Comparison
For the Insurance - Life subindustry, Manulife Financial's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Insurance Industry
For the Insurance industry and Financial Services sector, Manulife Financial's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Manulife Financial's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Manulife Financial's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of HK$562,734 Mil mean?
Manulife Financial (HKSE:00945) has a Enterprise Value of HK$562,734 Mil as of Aug. 05, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Manulife Financial and its competitors.
Is Manulife Financial's Enterprise Value too high?
Manulife Financial's current Enterprise Value is HK$562,734 Mil. 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 Enterprise Value compare to AFL and MET?
Manulife Financial's Enterprise Value of HK$562,734 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Insurance company?
A good Enterprise Value depends on the Insurance industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Manulife Financial and its competitors. Manulife Financial's current Enterprise Value is HK$562,734 Mil. 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 (HKSE:00945) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$244.23, compared to a current price of HK$350.40 — trading 43.5% above its estimated fair value. The current Enterprise Value is HK$562,734 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Manulife Financial (HKSE:00945), the current Enterprise Value is HK$562,734 Mil as of Aug. 05, 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 (HKSE:00945) Overvalued in 2026?
Based on GuruFocus' analysis, Manulife Financial stock appears to be overvalued.
The current stock price of HK$350.40 is trading 43.5% above its estimated GF Value™ of HK$244.23.
GuruFocus considers Manulife Financial to be Significantly Overvalued.
Key valuation signals for HKSE:00945:
Enterprise Value: HK$562,734 Mil
GF Value™: HK$244.23 vs. price of HK$350.40 (43.5% above fair value)
No single metric tells the full story. See the HKSE:00945 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
Get the complete analysis for HKSE:00945
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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