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.
FY 2026 · Mkt cap
Decision snapshot: MTB stock price at discount vs KR $239.84 current versus $646.77 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 KR'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 discount
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) · KR FY 2026 (ended Jan 31, 2026). Fiscal years are not aligned.
Trendline
Six 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
$35.90B
Tangible equity
$2.52B
Price / tangible book
14.22x
Price / book
6.06x
Return on equity
17.1%
Return on assets
2.0%
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.
KROGER CO · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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
2.91x
Net debt / EBITDA
Leverage against operating earnings
—
5.69x
Cash and equivalents
Liquid reserves on the balance sheet
—
$3.33B
Total debt
Interest-bearing obligations outstanding
$13.06B
$17.24B
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
Walmart Inc.
MTB vs WMT
Costco Wholesale Corporation
MTB vs COST
Target Corporation
MTB vs TGT
Albertsons Companies, Inc.
MTB vs ACI
Sprouts Farmers Market, Inc.
MTB vs SFM
DOLLAR GENERAL CORP
MTB vs DG
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.