# Royal Bank of Canada share price today (Royal Bank of Canada, RY)

> Royal Bank of Canada's results are improving, and its P/BV is near the top of its own history, higher than 100% of past readings. RY · Financials · Banks - Diversified · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ry

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: $203.61 (+39.0% in a year)
- P/BV: 2.7× (higher than 100% of the last 5.2 years)
- Revenue (Jul 2026): $17.5 B (+8.9% on a year ago)
- Profit (Jul 2026): $5.9 B (+11.1% on a year ago)
- Net margin: 33.5% (+0.7 points on a year ago)
- ROE: 16%, FY25
- ROA: 0.96%, latest

The main question: results are strong, and the P/BV is higher than 100% of its own history. ## What is the Royal Bank of Canada share price today? Royal Bank of Canada's share price was $203.61 at the close on 3 November 2026. It has been rising for 80 weeks. That is 7.4% above its average price over the last 200 trading days. In the last 52 weeks it traded between $145 and $217, and at that close it sat 82% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 8 weeks running. Over the last 10 years the share price moved +243% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 11 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Royal Bank of Canada pay? Royal Bank of Canada paid $6.58 per share over the last four reported quarters. The most recent declaration was $1.76 for Jul 2026. At today's price of $203.61 that is a yield of 3.23%, based on dividends already paid, not a forecast. ## Which stock lists is Royal Bank of Canada on? Royal Bank of Canada is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Royal Bank of Canada profitable? Royal Bank of Canada earned $5.9 B of net profit in the Jul 2026 quarter, +11.1% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY25 profit was $19.9 B. Over 4 years profit has grown 5.9% a year on average. That is 33.5% of the quarter's revenue. The same quarter a year earlier earned $5.3 B. For the full year, FY25 profit was $19.9 B (+24.9% on the year before). Why profit moved: revenue changed +8.9% on a year earlier and the margin moved +0.7 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +19.4% and revenue +11.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does Royal Bank of Canada make, and is it growing? Royal Bank of Canada reported $17.5 B of income in the Jul 2026 quarter, +8.9% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 4 years it has grown 5.4% a year on average. The last full year, FY25, came in at $62.2 B. The last four reported quarters add to $67.2 B. FY25 revenue was $62.2 B, +15.0% on the year before. Recent pace: the last four quarters grew +11.6% on average, against 5.4% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +11.4%, against +13.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +18.6%, against +19.1% a year (stabilising). ## How much does Royal Bank of Canada keep from what it earns? Royal Bank of Canada's net margin was 33.5% in the Jul 2026 quarter, 0.7 percentage points higher than the same quarter a year ago. Across 5 years it has been between 29.3% and 32.1%. The latest quarter is above every full year in that period. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Royal Bank of Canada's loans have gone bad? Royal Bank of Canada does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Royal Bank of Canada's loan book growing? Royal Bank of Canada's revenue was $62.2 B in FY25, +15.0% on the year before, so the loan book is growing. The latest quarter was +8.9% on a year earlier. The net margin on that income is 33.5%, +0.7 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Quarterly loan-quality figures are missing here, so revenue growth and margin are the two we watch. ## What is Royal Bank of Canada's P/BV ratio, and how does it compare with its own history? Royal Bank of Canada's P/BV is 2.7×, about the highest it has ever been. Its usual P/BV (the middle reading) is 1.4×, over 5.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year book value grew while the price moved +39.0%. The price ran ahead of book value, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +13.9% a year; about +8.4% a year came from book-value growth and about +5.5 percentage points from the multiple (the market paying more). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the book value trend underneath matters more than the multiple. ## Is the Royal Bank of Canada business getting better or worse? Royal Bank of Canada's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROE is steady at 15.3%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## How much does Royal Bank of Canada earn on its equity and assets? Royal Bank of Canada earned a return on equity of 14% in FY25. Its lowest yearly reading on file was 13% in FY23. On its assets, every $100 earned about $0.96, before the effect of borrowing. For a lender the balance sheet is the business, so the return on equity and on assets have to be read together. That is above the level a bank needs to grow its net worth steadily. Why ROE moved: profit grew 5.9% a year over 4 years while net worth grew more slowly. When earnings recover faster than net worth builds up, ROE climbs off its low. ## Does Royal Bank of Canada have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Royal Bank of Canada shareholding pattern? 0.6% of Royal Bank of Canada's tradable shares are in short positions, which are bets that the price will fall, so very few traders are betting against this stock. At normal trading volumes, closing those positions would take about 8.0 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Royal Bank of Canada from balance-sheet trouble? For Royal Bank of Canada, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Royal Bank of Canada rank in its industry? 55.9 out of 100, rank 6 of 18 in Banks - Diversified, with 80% of the evidence available. Royal Bank of Canada scores 55.9 out of 100 against the 18 companies it is compared with in Banks - Diversified, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.7 + 14.2 + 6.9 + 16.1 = 55.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Royal Bank of Canada compared with? Royal Bank of Canada ranks 6 of 18 Banks - Diversified companies on the 4-Factor Sector Score, with 55.9 out of 100. 1. [JPMorgan Chase & Co.](https://www.sectoralpha.in/us/stocks/jpm) JPM · quiet · Most evidence points up · 80% evidence 70.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.2/35 · Income 14.1% · Profit 13.9% · 81% evidence Capital efficiency 20.1/25 · ROA 1.7% · ROE 22.9% · GNPA n/a · 68% evidence Valuation 12.9/20 · P/BV 2.36× · P/BV÷ROE 0.1 · 70% evidence Relative strength 13.5/20 · Lead over its industry 0.3% · Lead over S&P 500 0.2% · 1 year 7.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 24.2 + 20.1 + 12.9 + 13.5 = 70.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [The Bank of New York Mellon Corporation](https://www.sectoralpha.in/us/stocks/bny) BNY · quiet · Evidence leans up · 80% evidence 64.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Income 11.5% · Profit 25.6% · 81% evidence Capital efficiency 17.0/25 · ROA 1.3% · ROE 15.8% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV 2.22× · P/BV÷ROE 0.14 · 70% evidence Relative strength 16.0/20 · Lead over its industry 6.4% · Lead over S&P 500 6% · 1 year 36.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 21.9 + 17 + 9.8 + 16 = 64.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Canadian Imperial Bank of Commerce](https://www.sectoralpha.in/us/stocks/cm) CM · turning · Evidence leans up · 80% evidence 63.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Income 15.3% · Profit 23.7% · 81% evidence Capital efficiency 13.8/25 · ROA 0.9% · ROE 15% · GNPA n/a · 68% evidence Valuation 9.0/20 · P/BV 2.25× · P/BV÷ROE 0.15 · 70% evidence Relative strength 16.6/20 · Lead over its industry 5.8% · Lead over S&P 500 5.6% · 1 year 37.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.7 + 13.8 + 9 + 16.6 = 63.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [The Bank of Nova Scotia](https://www.sectoralpha.in/us/stocks/bns) BNS · turning · Evidence leans up · 80% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Income 11.6% · Profit 42.3% · 81% evidence Capital efficiency 8.5/25 · ROA 0.7% · ROE 11.9% · GNPA n/a · 68% evidence Valuation 11.0/20 · P/BV 1.65× · P/BV÷ROE 0.14 · 70% evidence Relative strength 19.4/20 · Lead over its industry 11.4% · Lead over S&P 500 11.1% · 1 year 40.4% · 100% evidence · 7 of 12 weeks ahead Exact sum: 22.4 + 8.5 + 11 + 19.4 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [HSBC Holdings plc](https://www.sectoralpha.in/us/stocks/hsbc) HSBC · quiet · Evidence leans up · 80% evidence 59.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.9/35 · Income 16.4% · Profit 59.4% · 81% evidence Capital efficiency 14.1/25 · ROA 0.9% · ROE 16.1% · GNPA n/a · 68% evidence Valuation 13.0/20 · P/BV 1.73× · P/BV÷ROE 0.11 · 70% evidence Relative strength 2.0/20 · Lead over its industry -9.8% · Lead over S&P 500 -10.1% · 1 year 18.5% · 100% evidence · 5 of 12 weeks ahead Exact sum: 29.9 + 14.1 + 13 + 2 = 59 · What this means: Earnings are strong; relative strength in its sector is -9.8% and the one-year return is 18.5%. 6. Royal Bank of Canada this page RY · quiet · Evidence leans up · 80% evidence 55.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.7/35 · Income 11.4% · Profit 18.6% · 81% evidence Capital efficiency 14.2/25 · ROA 0.9% · ROE 15.7% · GNPA n/a · 68% evidence Valuation 6.9/20 · P/BV 2.81× · P/BV÷ROE 0.18 · 70% evidence Relative strength 16.1/20 · Lead over its industry 5.8% · Lead over S&P 500 5.5% · 1 year 40% · 100% evidence · 2 of 12 weeks ahead Exact sum: 18.7 + 14.2 + 6.9 + 16.1 = 55.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [UBS Group AG](https://www.sectoralpha.in/us/stocks/ubs) UBS · quiet · Evidence leans up · 76% evidence 55.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Income 10.7% · Profit 51.5% · 71% evidence Capital efficiency 9.2/25 · ROA 0.7% · ROE 13.4% · GNPA n/a · 68% evidence Valuation 11.7/20 · P/BV 1.72× · P/BV÷ROE 0.13 · 70% evidence Relative strength 9.9/20 · Lead over its industry -0.6% · Lead over S&P 500 -0.9% · 1 year 25.3% · 100% evidence · 4 of 12 weeks ahead Exact sum: 24.8 + 9.2 + 11.7 + 9.9 = 55.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Citigroup Inc.](https://www.sectoralpha.in/us/stocks/c) C · quiet · Evidence leans up · 80% evidence 55.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Income 11.1% · Profit 32.9% · 81% evidence Capital efficiency 9.3/25 · ROA 0.8% · ROE 11.3% · GNPA n/a · 68% evidence Valuation 16.1/20 · P/BV 1.03× · P/BV÷ROE 0.09 · 70% evidence Relative strength 6.3/20 · Lead over its industry -4.9% · Lead over S&P 500 -5.1% · 1 year 21.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.8 + 9.3 + 16.1 + 6.3 = 55.5 · What this means: Earnings are strong; relative strength in its sector is -4.9% and the one-year return is 21.7%. 9. [The Bank of N.T. Butterfield & Son Limited](https://www.sectoralpha.in/us/stocks/ntb) NTB · quiet · Evidence leans up · 76% evidence 54.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Income 5.9% · Profit 6.8% · 71% evidence Capital efficiency 20.4/25 · ROA 1.8% · ROE 22% · GNPA n/a · 68% evidence Valuation 14.1/20 · P/BV 2.04× · P/BV÷ROE 0.09 · 70% evidence Relative strength 5.0/20 · Lead over its industry -4.9% · Lead over S&P 500 -5.1% · 1 year 20.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.8 + 20.4 + 14.1 + 5 = 54.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Wells Fargo & Company](https://www.sectoralpha.in/us/stocks/wfc) WFC · turning · Evidence leans up · 80% evidence 54.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.4/35 · Income 5.1% · Profit 10% · 81% evidence Capital efficiency 15.3/25 · ROA 1.2% · ROE 14.7% · GNPA n/a · 68% evidence Valuation 15.1/20 · P/BV 1.36× · P/BV÷ROE 0.09 · 70% evidence Relative strength 10.2/20 · Lead over its industry -4.2% · Lead over S&P 500 -4.1% · 1 year -0.6% · 100% evidence · 3 of 12 weeks ahead Exact sum: 13.4 + 15.3 + 15.1 + 10.2 = 54 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [Bank of Montreal](https://www.sectoralpha.in/us/stocks/bmo) BMO · quiet · Evidence leans up · 80% evidence 52.2 out of 100 Growth Capital Valuation Relative
12. [ING Groep N.V.](https://www.sectoralpha.in/us/stocks/ing) ING · quiet · Evidence leans down · 76% evidence 48.5 out of 100 Growth Capital Valuation Relative
13. [Banco Bilbao Vizcaya Argentaria, S.A.](https://www.sectoralpha.in/us/stocks/bbva) BBVA · quiet · Evidence leans down · 76% evidence 48.1 out of 100 Growth Capital Valuation Relative
14. [Barclays PLC](https://www.sectoralpha.in/us/stocks/bcs) BCS · basing · Evidence leans down · 80% evidence 43.8 out of 100 Growth Capital Valuation Relative
15. [Bank of America Corporation](https://www.sectoralpha.in/us/stocks/bac) BAC · quiet · Evidence leans down · 80% evidence 43.8 out of 100 Growth Capital Valuation Relative
16. [The Toronto-Dominion Bank](https://www.sectoralpha.in/us/stocks/td) TD · turning · Evidence leans down · 80% evidence 42.6 out of 100 Growth Capital Valuation Relative
17. [Banco Santander, S.A.](https://www.sectoralpha.in/us/stocks/san) SAN · quiet · Evidence leans down · 76% evidence 39.7 out of 100 Growth Capital Valuation Relative
18. Forbright, Inc. FRBT · turning · Too little evidence to rank firmly · 33% evidence 43.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Banks - Diversified](https://www.sectoralpha.in/us/sectors/banks-diversified), all 18 compared on one page. ## Which companies are close to Royal Bank of Canada in size? Royal Bank of Canada is the 4th largest of 19 Banks - Diversified companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: JPMorgan Chase & Co., Bank of America Corporation and HSBC Holdings plc. Just below it: Wells Fargo & Company, Mitsubishi UFJ Financial Group, Inc. and The Toronto-Dominion Bank. ### Banks - Diversified companies close in size

1. [JPMorgan Chase & Co.](https://www.sectoralpha.in/us/stocks/jpm) $897.5 billion
2. [Bank of America Corporation](https://www.sectoralpha.in/us/stocks/bac) $342.7 billion
3. [HSBC Holdings plc](https://www.sectoralpha.in/us/stocks/hsbc) $288.9 billion
4. Royal Bank of Canada $282.3 billion
5. [Wells Fargo & Company](https://www.sectoralpha.in/us/stocks/wfc) $256.7 billion
6. [Mitsubishi UFJ Financial Group, Inc.](https://www.sectoralpha.in/us/stocks/mufg) $241.3 billion
7. [The Toronto-Dominion Bank](https://www.sectoralpha.in/us/stocks/td) $204 billion

[All 19 Banks - Diversified companies, largest first](https://www.sectoralpha.in/us/sectors/banks-diversified#all-companies)

### Companies close in size in other industries

1. [Palo Alto Networks, Inc.](https://www.sectoralpha.in/us/stocks/panw) $288 billion · Software - Infrastructure
2. [Lam Research Corporation](https://www.sectoralpha.in/us/stocks/lrcx) $284.3 billion · Semiconductor Equipment & Materials
3. Royal Bank of Canada $283.6 billion
4. [Caterpillar Inc.](https://www.sectoralpha.in/us/stocks/cat) $282.1 billion · Farm & Heavy Construction Machinery
5. [Texas Instruments Incorporated](https://www.sectoralpha.in/us/stocks/txn) $276 billion · Semiconductors

## What else do people ask about Royal Bank of Canada? ### What is Royal Bank of Canada's stock price today? Royal Bank of Canada's stock price is $203.61, +39.0% over the past year. The whole company is worth $282 B on the market. In the last 52 weeks it traded between $145 to $217; today it is 82% of the way up from the low, 7.4% above its 200-day average (as of 3 November 2026). ### What were Royal Bank of Canada's latest quarterly results? Royal Bank of Canada reported total income of $17.5 B and net profit of $5.9 B for the Jul 2026 quarter. Income rose 8.9% and profit rose 11.1% compared with a year earlier. Earnings per share were $4.23 (as of 3 November 2026). ### What is Royal Bank of Canada's market cap? Royal Bank of Canada's market capitalisation is $282 B at a stock price of $203.61. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Royal Bank of Canada performing? Royal Bank of Canada's share price has been rising for 80 weeks. In its latest quarter, income rose 8.9% and profit rose 11.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 8 weeks running (as of 3 November 2026). ### Will Royal Bank of Canada's stock price go up? This page does not forecast Royal Bank of Canada's stock price. What it shows instead: the stock price is $203.61, and it has been rising for 80 weeks. Its P/BV of 2.7× is higher than 100% of its own last 5 years (as of 3 November 2026). ### Where is Royal Bank of Canada in its business cycle? Royal Bank of Canada's FY25 net margin was 31.9%, against a 5-year range of 29.3% to 32.1%: the middle of its own range, neither a peak nor a low. The latest quarter was 33.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Royal Bank of Canada story? The main question: results are strong, and the P/BV is higher than 100% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Royal Bank of Canada a stock worth studying right now? What the numbers show: Royal Bank of Canada's results are improving, and its P/BV is near the top of its own history, higher than 100% of past readings. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.