How does NA.PRC's PE Ratio compare to its peers?

NA.PRC is good value based on its Price-To-Earnings Ratio (13.3x) compared to the peer average (15x).

How does NA.PRC's PE Ratio compare vs other companies in the North American Banks Industry?

NA.PRC is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the North American Banks industry average (12.9x).

What is NA.PRC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NA.PRC is expensive based on its Price-To-Earnings Ratio (13.3x) compared to the estimated Fair Price-To-Earnings Ratio (11.8x).

What is the Fair Price of NA.PRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NA.PRC (CA$26.28) is trading below our estimate of [[fair value]] (CA$42.97)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

National Bank of Canada (TSX:NA.PRC) - Stock Price, News & Analysis

NA.PRC Stock Overview

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. More details

NA.PRC fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	4/6
Financial Health	5/6
Dividends	5/6

Rewards

Trading at 38.8% below our estimate of its fair value

Revenue is forecast to grow 10.8% per year

Earnings grew by 11.7% over the past year

Pays a reliable dividend of 3.2%

Risk Analysis

No risks detected for NA.PRC from our risk checks.

National Bank of Canada Competitors

Canadian Imperial Bank of Commerce

TSX:CM

CA$85.7b

Bank of Montreal

TSX:BMO

CA$95.9b

Bank of Nova Scotia

TSX:BNS

CA$97.4b

Toronto-Dominion Bank

TSX:TD

CA$136.8b

Price History & Performance

Summary of all time highs, changes and price drops for National Bank of Canada
Historical stock prices
Current Share Price	CA$26.28
52 Week High	CA$26.43
52 Week Low	CA$24.95
Beta	1.13
11 Month Change	2.14%
3 Month Change	-0.19%
1 Year Change	4.70%
33 Year Change	3.02%
5 Year Change	23.32%
Change since IPO	5.46%

Recent updates

Shareholder Returns

	NA.PRC	CA Banks	CA Market
7D	0.5%	0.6%	0.7%
1Y	4.7%	28.3%	21.7%

Return vs Industry: NA.PRC underperformed the Canadian Banks industry which returned 28.3% over the past year.

Return vs Market: NA.PRC underperformed the Canadian Market which returned 21.7% over the past year.

Price Volatility

Is NA.PRC's price volatile compared to industry and market?
NA.PRC volatility
NA.PRC Average Weekly Movement	0.7%
Banks Industry Average Movement	2.4%
Market Average Movement	8.3%
10% most volatile stocks in CA Market	17.6%
10% least volatile stocks in CA Market	2.9%

Stable Share Price: NA.PRC has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: NA.PRC's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1859	29,250	Laurent Ferreira	www.nbc.ca

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

National Bank of Canada Fundamentals Summary

How do National Bank of Canada's earnings and revenue compare to its market cap?
NA.PRC fundamental statistics
Market cap	CA$46.69b
Earnings (TTM)	CA$3.51b
Revenue (TTM)	CA$10.61b

13.3x

P/E Ratio

2.0x

P/B Ratio

Is NA.PRC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NA.PRC income statement (TTM)
Revenue	CA$10.61b
Cost of Revenue	CA$0
Gross Profit	CA$10.61b
Other Expenses	CA$7.10b
Earnings	CA$3.51b

Last Reported Earnings

Jul 31, 2024

Next Earnings Date

Dec 04, 2024

Earnings per share (EPS)	10.31
Gross Margin	100.00%
Net Profit Margin	33.09%
Debt/Equity Ratio	242.5%

How did NA.PRC perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

41%

Payout Ratio

NA.PRC Stock Overview

Rewards

Risk Analysis

National Bank of Canada Competitors

TSX:CM

CA$85.7b

TSX:BMO

CA$95.9b

TSX:BNS

CA$97.4b

TSX:TD

CA$136.8b

Price History & Performance

Recent News & Updates

National Bank of Canada to Report Q4, 2025 Results on Dec 03, 2025

National Bank of Canada Announces Dividend for the Quarter Ending October 31, 2024, Payable on November 1, 2024

National Bank of Canada Appoints Scott Burrows as Director and Member of Audit Committee, Effective August 1, 2024

National Bank of Canada announced that it has received CAD 499.999997 million in funding from Cdpq MarchéS Boursiers Inc.

National Bank of Canada has filed a Follow-on Equity Offering in the amount of CAD 500.0719 million.

National Bank of Canada (TSX:NA) entered into a definitive agreement to acquire remaining 94.1% stake in Canadian Western Bank (TSX:CWB) for CAD 4.9 billion.

Recent updates

National Bank of Canada to Report Q4, 2025 Results on Dec 03, 2025

National Bank of Canada Announces Dividend for the Quarter Ending October 31, 2024, Payable on November 1, 2024

National Bank of Canada Appoints Scott Burrows as Director and Member of Audit Committee, Effective August 1, 2024

National Bank of Canada announced that it has received CAD 499.999997 million in funding from Cdpq MarchéS Boursiers Inc.

National Bank of Canada has filed a Follow-on Equity Offering in the amount of CAD 500.0719 million.

National Bank of Canada (TSX:NA) entered into a definitive agreement to acquire remaining 94.1% stake in Canadian Western Bank (TSX:CWB) for CAD 4.9 billion.

National Bank of Canada Announces Dividend for the Quarter Ending July 31, 2024, Payable on August 1, 2024

National Bank of Canada Announces Election of Arielle Meloul-Wechsler as Directors

National Bank of Canada Denies Media Report of Talks to Sell its Cambodian Unit

National Bank of Canada Reportedly Weighs Options for Cambodian Unit

National Bank of Canada Declares Dividend for the Quarter Ending April 30, 2024, Payable on May 1, 2024

National Bank of Canada to Report Q3, 2024 Results on Aug 28, 2024

National Bank of Canada, Annual General Meeting, Apr 19, 2024

National Bank Declares Regular Dividends, Payable on February 1, 2024

National Bank of Canada Declares Dividend for the Quarter Ending October 31, 2023, Payable on November 1, 2023

National Bank of Canada (TSX:NA) entered into an agreement to acquire Commercial Loan Portfolio, Canadian branch of Silicon Valley Bank.

National Bank of Canada Announces Appointment of Nancy Paquet as Executive Vice President, Wealth Management, Effective November 1, 2023

National Bank of Canada Raises Quarterly Dividend, Payable on August 1, 2023

National Bank of Canada Announces Changes to Senior Leadership Team

National Bank of Canada to Report Q4, 2023 Results on Dec 01, 2023

National Bank of Canada, Annual General Meeting, Apr 21, 2023

National Bank of Canada Declares Regular Dividend, Payable on November 1, 2022

National Bank Increases Common Share Dividend for the Quarter Ending July 31, 2022, Payable on August 1, 2022

National Bank of Canada Appoints Lynn Loewen, to Board

National Bank of Canada Announces Changes to Its Leadership Team, Effective April 1, 2022

National Bank of Canada (TSX:NA) entered into an agreement to acquire 52% stake in Flinks Technology Inc. for CAD 73 million.

National Bank of Canada Declares Dividend for the Quarter Ending July 31, 2021, Payable on August 1, 2021

National Bank of Canada Announces the Appointment of Laurent Ferreira as Chief Operating Officer and Director, Effective February 1, 2021

National Bank of Canada to Report Q2, 2021 Results on May 28, 2021

National Bank of Canada (TSX:NA) agreed to acquire a 20% stake in Credigy Solutions Inc.

National Bank of Canada, Annual General Meeting, Apr 23, 2021

MGC Capital acquired Credigy Soluções Financeiras LTDA from National Bank of Canada (TSX:NA) and others.