M&T Bank Corporation
1.67xPrice / tangible book
Market cap
$34.58B
Tangible equity
$20.65B
Price / tangible book
1.67x
Price / book
1.19x
Return on equity
9.8%
Return on assets
1.3%
Efficiency ratio
41.5%
Quick read
Fair value engine
Each company valued on the other's multiple, then compared with the market price.
MTB · price snapshotP/TBV 1.67x
$239.43Snapshot Sep 8, 2026, 3:37 PM ET
Implied fair value · at KRO's multiple
$192.1519.7% below market
142.98 MTB TBV / share×1.34x KRO P/TBV=$192.15
Market $239.43Implied $192.15
KRO · price snapshotP/TBV 1.34x
$8.74Snapshot Sep 8, 2026, 3:36 PM ET
Implied fair value · at MTB's multiple
$10.8924.6% above market
6.50 KRO TBV / share×1.67x MTB P/TBV=$10.89
Market $8.74Implied $10.89