Valuation National Bank of Canada

Equities

Market Closed - Toronto S.E. Other stock markets 16:00:00 2025-07-17 EDT			5-day change	1st Jan Change
142.74 ^CAD	+0.85%		+1.08%	+8.93%

07-17	ABB's Order Surge in Key Markets Signals Tailwinds for ATS, National Bank of Canada Says	MT
07-17	Denison Mines Starts SABRE Uranium Production at McClean Lake Joint Venture	MT

Data adjusted to current consolidation scope

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	21,482	34,608	31,221	29,165	45,223	55,929	-	-
Change	-	61.1%	-9.79%	-6.59%	55.06%	23.67%	-	-
Enterprise Value (EV)	21,482	34,608	31,221	29,165	45,223	55,929	55,929	55,929
Change	-	61.1%	-9.79%	-6.59%	55.06%	23.67%	0%	0%
P/E ratio	11.2x	11.4x	9.65x	9.19x	12.4x	13.8x	12.7x	12.1x
PBR	1.6x	2.14x	1.68x	1.42x	2.02x	1.81x	1.67x	1.63x
PEG	-	0.2x	1.33x	-3.84x	0.9x	-3.97x	1.37x	2.39x
Capitalization / Revenue	2.61x	3.8x	3.14x	2.74x	3.89x	4.04x	3.86x	3.68x
EV / Revenue	0x	0x	0x	0x	0x	4.04x	3.86x	3.68x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	8.6x	8.31x	8.09x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	2.84	2.84	3.58	3.98	4.32	4.698	4.981	5.218
Rate of return	4.44%	2.77%	3.86%	4.62%	3.25%	3.29%	3.49%	3.66%
EPS ²	5.7	8.96	9.61	9.38	10.68	10.31	11.26	11.83
Distribution rate	49.8%	31.7%	37.3%	42.4%	40.4%	45.6%	44.2%	44.1%
Net sales ¹	8,216	9,116	9,934	10,658	11,628	13,828	14,491	15,210
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	3,382	4,074	4,704	5,018	5,592	6,505	6,730	6,911
Net income ¹	2,041	3,177	3,383	3,335	3,816	4,064	4,423	4,137
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	63.94	102.46	92.76	86.22	132.80	142.74	142.74	142.74
Nbr of stocks (in thousands)	335,968	337,773	336,580	338,258	340,537	391,825	-	-
Announcement Date	12/2/20	12/1/21	11/30/22	12/1/23	12/4/24	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NATIONAL BANK OF CANADA	13.85x	-	-	3.29%	40.68B
M&T BANK CORPORATION	12.04x	-	-	2.82%	30.62B
JPMORGAN CHASE & CO.	14.79x	-	-	1.99%	797B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	5.69x	-	-	5.48%	359B
BANK OF AMERICA CORPORATION	12.85x	-	-	2.3%	350B
CHINA CONSTRUCTION BANK CORPORATION	5.89x	-	-	5.18%	283B
WELLS FARGO & COMPANY	13.23x	-	-	2.14%	257B
BANK OF CHINA LIMITED	5.77x	-	-	5.43%	238B
HSBC HOLDINGS PLC	10.04x	-	-	5.36%	217B
COMMONWEALTH BANK OF AUSTRALIA	29.27x	-	-	2.68%	196B
Average	12.34x			3.67%	276.77B
Weighted average by Cap.	12.14x			3.46%