M&T Bank Corporation
—Price / book
Market cap
—
Tangible equity
$20.64B
Price / tangible book
—
Price / book
—
Return on equity
9.8%
Return on assets
1.3%
Efficiency ratio
54.3%
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $279.00B · View financials
Decision snapshot: MTB stock price vs TM: inconclusive — current versus $158.14 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 TM's multiple
Implied fair value · at MTB's multiple
Needs MTB P/E.
As of 2025-12-31
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Lower is better
Lower is better
Profitability edge
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) · TM FY 2025 (ended Mar 31, 2025). Fiscal years are not aligned.
Trendline
Nine 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 / book
Market cap
—
Tangible equity
$20.64B
Price / tangible book
—
Price / book
—
Return on equity
9.8%
Return on assets
1.3%
Efficiency ratio
54.3%
Price / book
Market cap
$279.00B
Tangible equity
—
Price / tangible book
—
Price / book
321.00x
Return on equity
7.5%
Return on assets
2.7%
Efficiency ratio
—
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
M&T BANK CORPORATION · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
TOYOTA MOTOR CORP/ · implied price per share
Bear
-$9.66K
Base
-$11.37K
Bull
-$13.07K
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
0.57x
Net debt / EBITDA
Leverage against operating earnings
0.07x
-545.88x
Cash and equivalents
Liquid reserves on the balance sheet
$12.32B
$9.00T
Total debt
Interest-bearing obligations outstanding
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.
$13.06B
$78.02B
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