BANK OF MONTREAL (BMO) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:BMO • CA0636711016

140.66 USD
-0.6 (-0.42%)
Last: Feb 4, 2026, 01:54 PM
Fundamental Rating

2

Taking everything into account, BMO scores 2 out of 10 in our fundamental rating. BMO was compared to 383 industry peers in the Banks industry. Both the profitability and financial health of BMO have multiple concerns. BMO is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • BMO had positive earnings in the past year.
  • In the past year BMO had a positive cash flow from operations.
  • Each year in the past 5 years BMO has been profitable.
  • BMO had a positive operating cash flow in each of the past 5 years.
BMO Yearly Net Income VS EBIT VS OCF VS FCFBMO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B 50B

1.2 Ratios

  • The Return On Assets of BMO (0.56%) is worse than 74.15% of its industry peers.
  • BMO has a Return On Equity (9.40%) which is in line with its industry peers.
Industry RankSector Rank
ROA 0.56%
ROE 9.4%
ROIC N/A
ROA(3y)0.45%
ROA(5y)0.66%
ROE(3y)7.67%
ROE(5y)10.96%
ROIC(3y)N/A
ROIC(5y)N/A
BMO Yearly ROA, ROE, ROICBMO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • BMO's Profit Margin of 22.81% is in line compared to the rest of the industry. BMO outperforms 42.30% of its industry peers.
  • BMO's Profit Margin has improved in the last couple of years.
  • BMO does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 22.81%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-16.71%
PM growth 5Y3.44%
GM growth 3YN/A
GM growth 5YN/A
BMO Yearly Profit, Operating, Gross MarginsBMO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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0

2. Health

2.1 Basic Checks

  • BMO does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, BMO has less shares outstanding
  • Compared to 5 years ago, BMO has more shares outstanding
  • Compared to 1 year ago, BMO has a worse debt to assets ratio.
BMO Yearly Shares OutstandingBMO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
BMO Yearly Total Debt VS Total AssetsBMO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500B 1T

2.2 Solvency

  • The Debt to FCF ratio of BMO is 29.36, which is on the high side as it means it would take BMO, 29.36 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 29.36, BMO is doing worse than 83.03% of the companies in the same industry.
  • A Debt/Equity ratio of 2.79 is on the high side and indicates that BMO has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.79, BMO is not doing good in the industry: 91.91% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.79
Debt/FCF 29.36
Altman-Z N/A
ROIC/WACCN/A
WACC13.89%
BMO Yearly LT Debt VS Equity VS FCFBMO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B 60B 80B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
BMO Yearly Current Assets VS Current LiabilitesBMO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B 400B

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4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.59% over the past year.
  • Measured over the past years, BMO shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.56% on average per year.
  • BMO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.61%.
  • BMO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.57% yearly.
EPS 1Y (TTM)25.59%
EPS 3Y-2.79%
EPS 5Y9.56%
EPS Q2Q%72.63%
Revenue 1Y (TTM)10.61%
Revenue growth 3Y2.47%
Revenue growth 5Y7.57%
Sales Q2Q%11.63%

3.2 Future

  • The Earnings Per Share is expected to grow by 5.35% on average over the next years.
  • The Revenue is expected to grow by 3.91% on average over the next years.
EPS Next Y13.15%
EPS Next 2Y13.22%
EPS Next 3Y11.58%
EPS Next 5Y5.35%
Revenue Next Year5.06%
Revenue Next 2Y5.01%
Revenue Next 3Y4.53%
Revenue Next 5Y3.91%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
BMO Yearly Revenue VS EstimatesBMO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B 40B
BMO Yearly EPS VS EstimatesBMO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5 10 15

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2

4. Valuation

4.1 Price/Earnings Ratio

  • BMO is valuated correctly with a Price/Earnings ratio of 15.79.
  • 71.28% of the companies in the same industry are cheaper than BMO, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of BMO to the average of the S&P500 Index (28.18), we can say BMO is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 13.95, which indicates a correct valuation of BMO.
  • BMO's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BMO is more expensive than 69.97% of the companies in the same industry.
  • BMO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.79
Fwd PE 13.95
BMO Price Earnings VS Forward Price EarningsBMO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BMO indicates a slightly more expensive valuation: BMO is more expensive than 63.97% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.06
EV/EBITDA N/A
BMO Per share dataBMO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.2
PEG (5Y)1.65
EPS Next 2Y13.22%
EPS Next 3Y11.58%

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5

5. Dividend

5.1 Amount

  • BMO has a Yearly Dividend Yield of 3.50%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.64, BMO pays a bit more dividend than its industry peers.
  • BMO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 3.5%

5.2 History

  • On average, the dividend of BMO grows each year by 12.66%, which is quite nice.
  • BMO has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of BMO decreased recently.
Dividend Growth(5Y)12.66%
Div Incr Years1
Div Non Decr Years1
BMO Yearly Dividends per shareBMO Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • BMO pays out 60.81% of its income as dividend. This is not a sustainable payout ratio.
  • BMO's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP60.81%
EPS Next 2Y13.22%
EPS Next 3Y11.58%
BMO Yearly Income VS Free CF VS DividendBMO Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B
BMO Dividend Payout.BMO Dividend Payout, showing the Payout Ratio.BMO Dividend Payout.PayoutRetained Earnings

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BANK OF MONTREAL

NYSE:BMO (2/4/2026, 1:54:06 PM)

140.66

-0.6 (-0.42%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)12-04
Earnings (Next)02-25
Inst Owners55.35%
Inst Owner Change-3.65%
Ins Owners0.04%
Ins Owner Change0%
Market Cap100.10B
Revenue(TTM)36.27B
Net Income(TTM)8.27B
Analysts65.26
Price Target135.81 (-3.45%)
Short Float %0.84%
Short Ratio8.34
Dividend
Industry RankSector Rank
Dividend Yield 3.5%
Yearly Dividend5.17
Dividend Growth(5Y)12.66%
DP60.81%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-30
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.74%
Min EPS beat(2)7.03%
Max EPS beat(2)8.45%
EPS beat(4)4
Avg EPS beat(4)10.72%
Min EPS beat(4)2.34%
Max EPS beat(4)25.04%
EPS beat(8)4
Avg EPS beat(8)-0.97%
EPS beat(12)5
Avg EPS beat(12)-2.57%
EPS beat(16)6
Avg EPS beat(16)-1.13%
Revenue beat(2)2
Avg Revenue beat(2)1.47%
Min Revenue beat(2)0.33%
Max Revenue beat(2)2.6%
Revenue beat(4)3
Avg Revenue beat(4)2.24%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)7.39%
Revenue beat(8)3
Avg Revenue beat(8)-0.25%
Revenue beat(12)4
Avg Revenue beat(12)-2.85%
Revenue beat(16)7
Avg Revenue beat(16)3.65%
PT rev (1m)-0.47%
PT rev (3m)8.42%
EPS NQ rev (1m)0.41%
EPS NQ rev (3m)-0.83%
EPS NY rev (1m)0.39%
EPS NY rev (3m)2.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.98%
Valuation
Industry RankSector Rank
PE 15.79
Fwd PE 13.95
P/S 3.77
P/FCF 16.06
P/OCF 13.35
P/B 1.55
P/tB 2.06
EV/EBITDA N/A
EPS(TTM)8.91
EY6.33%
EPS(NY)10.08
Fwd EY7.17%
FCF(TTM)8.76
FCFY6.23%
OCF(TTM)10.54
OCFY7.49%
SpS37.33
BVpS90.6
TBVpS68.42
PEG (NY)1.2
PEG (5Y)1.65
Graham Number134.77
Profitability
Industry RankSector Rank
ROA 0.56%
ROE 9.4%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 22.81%
GM N/A
FCFM 23.46%
ROA(3y)0.45%
ROA(5y)0.66%
ROE(3y)7.67%
ROE(5y)10.96%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-16.71%
PM growth 5Y3.44%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 2.79
Debt/FCF 29.36
Debt/EBITDA N/A
Cap/Depr 79.31%
Cap/Sales 4.77%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 102.88%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC13.89%
ROIC/WACCN/A
Cap/Depr(3y)77.78%
Cap/Depr(5y)80.03%
Cap/Sales(3y)5.09%
Cap/Sales(5y)4.64%
Profit Quality(3y)219.61%
Profit Quality(5y)251.73%
High Growth Momentum
Growth
EPS 1Y (TTM)25.59%
EPS 3Y-2.79%
EPS 5Y9.56%
EPS Q2Q%72.63%
EPS Next Y13.15%
EPS Next 2Y13.22%
EPS Next 3Y11.58%
EPS Next 5Y5.35%
Revenue 1Y (TTM)10.61%
Revenue growth 3Y2.47%
Revenue growth 5Y7.57%
Sales Q2Q%11.63%
Revenue Next Year5.06%
Revenue Next 2Y5.01%
Revenue Next 3Y4.53%
Revenue Next 5Y3.91%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-66.14%
FCF growth 3Y34.36%
FCF growth 5Y-29.77%
OCF growth 1Y-61.65%
OCF growth 3Y27.36%
OCF growth 5Y-27.42%

BANK OF MONTREAL / BMO FAQ

What is the ChartMill fundamental rating of BANK OF MONTREAL (BMO) stock?

ChartMill assigns a fundamental rating of 2 / 10 to BMO.


What is the valuation status for BMO stock?

ChartMill assigns a valuation rating of 2 / 10 to BANK OF MONTREAL (BMO). This can be considered as Overvalued.


What is the profitability of BMO stock?

BANK OF MONTREAL (BMO) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for BMO stock?

The Price/Earnings (PE) ratio for BANK OF MONTREAL (BMO) is 15.79 and the Price/Book (PB) ratio is 1.55.


What is the financial health of BANK OF MONTREAL (BMO) stock?

The financial health rating of BANK OF MONTREAL (BMO) is 0 / 10.