Royal Bank of Canada (RY)
Financials · NYQ
Price as at 1 Oct 2026, 21:46 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Royal Bank of Canada trades at $195.36, which is 117% below the $423.50 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 61 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 19.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
RY dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $2.45 | 2 |
| 2025 | $3.23 | 3 |
| 2024 | $4.09 | 4 |
| 2023 | $3.97 | 4 |
| 2022 | $3.83 | 4 |
| 2021 | $3.44 | 4 |
| 2020 | $3.19 | 4 |
| 2019 | $3.07 | 4 |
| 2018 | $2.93 | 4 |
| 2017 | $1.97 | 3 |
| 2016 | $2.44 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
RY earnings and analyst estimates
Recommendation mix, 15 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Royal Bank of Canada
Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions. The company's Commercial Banking segments provides lending, deposit and transaction banking products and services. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other solutions to clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; digital platforms; and independent brokers and partners, as well as client-led advice and solutions. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is based in Toronto, Canada.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
RY passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
9 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Ken Fisher, Fisher Asset Management, LLC$1.46B · 0.4% of book
- Baillie Gifford, BAILLIE GIFFORD & CO$740.15M · 0.7% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$215.51M · 0.1% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$169.64M · 0.1% of book
- Burgundy Asset Management, Burgundy Asset Management Ltd.$92.82M · 0.9% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
RY peers
The largest companies in the same industry (Banks - Diversified), then in the same sector.
- JPM JPMorgan Chase & Co.
- BAC Bank of America Corporation
- HSBA.L HSBC Holdings plc
- TD The Toronto-Dominion Bank
- SAN Banco Santander, S.A.
- UBS UBS Group AG
- SMFNF Sumitomo Mitsui Financial Group, Inc.
- BBVA Banco Bilbao Vizcaya Argentaria, S.A.
Every financials company we cover is on the Financials hub.
Common questions
Is Royal Bank of Canada (RY) undervalued?
Against our fair value estimate of $423.50, RY at $195.36 is 117% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own RY?
9 of the institutions we track reported a position in RY in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is RY's P/E ratio?
RY trades at 19.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Royal Bank of Canada (RY) pay a dividend?
Yes. Royal Bank of Canada yields 2.42% at the current share price. It has paid $2.45 per share over the trailing twelve months. It has paid a dividend in each of the last 30 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its RY data?
Fundamentals for RY come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 21:46 UTC and is delayed. Our data quality score for this company is 88/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for RY, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.