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Manulife FinancialPHS:MFC 64 Equity-to-Asset is 0.05 as of Mar. 2026, which is 17% below its 10-year median of 0.06. GuruFocus rates PHS:MFC with a GF Score™ of 64/100 and a GF Value™ of ₱1,735.38 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 506 Insurance companies, Manulife Financial ranks worse than 91.11% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Manulife Financial's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₱2,313,562 Mil. Manulife Financial's Total Assets for the quarter that ended in Mar. 2026 was ₱46,111,012 Mil.
Therefore, Manulife Financial's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.05.
The historical rank and industry rank for Manulife Financial's Equity-to-Asset or its related term are showing as below:
PHS:MFC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05 Med: 0.06 Max: 0.07
Current: 0.05
During the past 13 years, the highest Equity to Asset Ratio of Manulife Financial was 0.07. The lowest was 0.05. And the median was 0.06.
PHS:MFC's Equity-to-Asset is ranked worse than 91.11% of 506
companies
in the Insurance industry
Industry Median: 0.26
vs PHS:MFC: 0.05
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Manulife Financial Equity-to-Asset Related Terms
Manulife Financial Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Manulife Financial's Equity-to-Asset 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.
PHS:MFC vs AFL, MET, PRU: Equity-to-Asset Comparison
For the Insurance - Life subindustry, Manulife Financial's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Manulife Financial's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Manulife Financial's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Manulife Financial's Equity to Asset Ratio 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.
Manulife Financial (PHS:MFC) has a Equity-to-Asset of 0.05 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Manulife Financial and its competitors. This is 17% below median its historical median of 0.06. Over the past decade, Manulife Financial's Equity-to-Asset has ranged from 0.05 to 0.07. According to the industry distribution chart, Manulife Financial ranks #461 out of 506 companies in the Insurance industry, placing it in the top 91.1%.
Is Manulife Financial's Equity-to-Asset too high?
Manulife Financial's current Equity-to-Asset of 0.05 is 17% below median its 10-year median of 0.06. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.07. The Insurance industry median Equity-to-Asset is 0.26. Manulife Financial's value of 0.05 is 80.8% below this industry median. Based on the distribution chart, Manulife Financial ranks #461 out of 506 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Manulife Financial has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's Equity-to-Asset compare to AFL and MET?
According to the Insurance industry distribution chart, Manulife Financial ranks #461 out of 506 companies for Equity-to-Asset. This places Manulife Financial in the lower half of its industry. The industry median Equity-to-Asset is 0.26. Manulife Financial's value of 0.05 is 80.8% below this benchmark. Historically, Manulife Financial's own Equity-to-Asset has ranged from 0.05 to 0.07 over the past decade. While the company's 10-year median is 0.06 vs. the industry median of 0.26, 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 Equity-to-Asset for an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 506 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife Financial's current Equity-to-Asset of 0.05 is 80.8% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Manulife Financial and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife Financial's current Equity-to-Asset is 0.05, which is 17% below median its own 10-year median of 0.06. 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 ₱1,735.38, compared to a current price of ₱2,452.00 — trading 41.3% above its estimated fair value. The current Equity-to-Asset is 0.05, which is 17% below median its 10-year median of 0.06 and 80.8% below the Insurance industry median of 0.26. Manulife Financial's overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Manulife Financial (PHS:MFC), the current Equity-to-Asset is 0.05 as of Mar. 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 ₱2,452.00 is trading 41.3% above its estimated GF Value™ of ₱1,735.38.
GuruFocus considers Manulife Financial to be Significantly Overvalued.
Key valuation signals for PHS:MFC:
Equity-to-Asset: 0.05 (17% below median its 10-year median of 0.06)
GF Value™: ₱1,735.38 vs. price of ₱2,452.00 (41.3% above fair value)
Industry Position: 80.8% below the Insurance median (#461 of 506)
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.
64GF Score
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Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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