M&T Bank Corporation
1.68xPrice / tangible book
Market cap
$34.64B
Tangible equity
$20.65B
Price / tangible book
1.68x
Price / book
1.19x
Return on equity
9.8%
Return on assets
1.3%
Efficiency ratio
41.5%
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MTB stock price at discount vs JCI $239.88 current versus $489.96 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at JCI's multiple
Implied fair value · at MTB's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple discount
Multiple premium
Profitability lag
Asset efficiency lag
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: MTB FY 2025 (ended Dec 31, 2025) · JCI FY 2025 (ended Sep 30, 2025). Fiscal years are not aligned.
Trendline
Ten fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$34.64B
Tangible equity
$20.65B
Price / tangible book
1.68x
Price / book
1.19x
Return on equity
9.8%
Return on assets
1.3%
Efficiency ratio
41.5%
Price / tangible book
Market cap
$88.45B
Tangible equity
-$7.32B
Price / tangible book
N/M
Price / book
6.84x
Return on equity
25.5%
Return on assets
8.7%
Efficiency ratio
—
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
M&T BANK CORPORATION · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
JOHNSON CONTROLS INTERNATIONAL PLC · implied price per share
Bear
$15.00
Base
$20.10
Bull
$27.78
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.45x
0.77x
Net debt / EBITDA
Leverage against operating earnings
—
2.22x
Cash and equivalents
Liquid reserves on the balance sheet
—
$379.00M
Total debt
Interest-bearing obligations outstanding
$13.06B
$9.92B
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
JPMorgan Chase & Co.
MTB vs JPM
Bank of America Corporation
MTB vs BAC
Wells Fargo & Company
MTB vs WFC
Citigroup Inc.
MTB vs C
PNC FINANCIAL SERVICES GROUP, INC.
MTB vs PNC
CARRIER GLOBAL Corp
MTB vs CARR
AAON, INC.
MTB vs AAON
COMFORT SYSTEMS USA INC
MTB vs FIX
Trane Technologies plc
MTB vs TT
LENNOX INTERNATIONAL INC
MTB vs LII
Allegion plc
MTB vs ALLE
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
The deterministic comparison remains available. Sign in when you want an on-demand narrative synthesis of the same data.