Manulife FinancialPHS:MFC -3.26%63 3-Year ROIIC % is 4.68 as of Dec. 2025, which is 800% above its 10-year median of 0.52. GuruFocus rates PHS:MFC with a GF Score™ of 63/100 and a GF Value™ of ₱1,773.11 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 334 Insurance companies, Manulife Financial ranks worse than 52.69% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Manulife Financial's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 4.68%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Manulife Financial's 3-Year ROIIC % or its related term are showing as below:
PHS:MFC's 3-Year ROIIC % is ranked worse than 52.69% of 334
companies
in the Insurance industry
Industry Median: 5.09
vs PHS:MFC: 4.68
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Manulife Financial 3-Year ROIIC % Related Terms
Manulife Financial 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Manulife Financial's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Insurance - Life subindustry, Manulife Financial's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Insurance Industry
For the Insurance industry and Financial Services sector, Manulife Financial's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Manulife Financial's 3-Year ROIIC % falls into.
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Manulife Financial (PHS:MFC) has a 3-Year ROIIC % of 4.68 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Manulife Financial and its competitors. This is 800% above median its historical median of 0.52. According to the industry distribution chart, Manulife Financial ranks #176 out of 334 companies in the Insurance industry, placing it in the top 52.7%.
Is Manulife Financial's 3-Year ROIIC % too high?
Manulife Financial's current 3-Year ROIIC % of 4.68 is 800% above median its 10-year median of 0.52. The Insurance industry median 3-Year ROIIC % is 5.09. Manulife Financial's value of 4.68 is 8.1% below this industry median. Based on the distribution chart, Manulife Financial ranks #176 out of 334 companies in the Insurance industry, which is below the industry midpoint. Overall, Manulife Financial has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's 3-Year ROIIC % compare to AFL and MET?
According to the Insurance industry distribution chart, Manulife Financial ranks #176 out of 334 companies for 3-Year ROIIC %. This places Manulife Financial in the lower half of its industry. The industry median 3-Year ROIIC % is 5.09. Manulife Financial's value of 4.68 is 8.1% below this benchmark. While the company's 10-year median is 0.52 vs. the industry median of 5.09, 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 3-Year ROIIC % for an Insurance company?
The median 3-Year ROIIC % among Insurance companies is 5.09, based on 334 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Manulife Financial's current 3-Year ROIIC % of 4.68 is 8.1% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Manulife Financial and its competitors. For the Insurance industry, the median 3-Year ROIIC % is 5.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife Financial's current 3-Year ROIIC % is 4.68, which is 800% above median its own 10-year median of 0.52. 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 Modestly Overvalued. The stock's GF Value™ is ₱1,773.11, compared to a current price of ₱2,312.00 — trading 30.4% above its estimated fair value. The current 3-Year ROIIC % is 4.68, which is 800% above median its 10-year median of 0.52 and 8.1% below the Insurance industry median of 5.09. Manulife Financial's overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Manulife Financial (PHS:MFC), the current 3-Year ROIIC % is 4.68 as of Dec. 2025. 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 ₱2,312.00 is trading 30.4% above its estimated GF Value™ of ₱1,773.11.
GuruFocus considers Manulife Financial to be Modestly Overvalued.
Key valuation signals for PHS:MFC:
3-Year ROIIC %: 4.68 (800% above median its 10-year median of 0.52)
GF Value™: ₱1,773.11 vs. price of ₱2,312.00 (30.4% above fair value)
Industry Position: 8.1% below the Insurance median (#176 of 334)
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.
63GF Score
Get the complete analysis for PHS:MFC
3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PHS:MFC has been successfully added to your 
