MUFG Financial Services

Mitsubishi UFJ Financial Group, Inc.

$21.27-0.84%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Financial Services
Industry: Banks - Diversified
Country: Japan
Market cap: 239.4B USD
Full-time employees: 156,000

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #641 of 791 banks & insurance companies (bottom 20%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from JPY 4.0T in FY Mar 2021 to JPY 6.0T in FY Mar 2026.
Mitsubishi UFJ Financial's fiscal-year revenue rose in each of the five years to FY Mar 2026, from JPY 4.0T to JPY 6.0T.
Fast revenue growth. Revenue grew 25% in the 12 months to March 2026 vs the 12 months before, faster than 82% of peers.
Revenue grew 25% in the 12 months to March 2026 vs the 12 months before, faster than 82% of its peers.

StockQuotient Score

37/ 100

Oct 5 37 → Nov 4 37

Valuation

Is the price right?

14/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ P/B

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield49.1%

SEC filings · latest balance sheet · JPY→USD at the current rateReported value40% base weight · Z-score -1.07Sector median: 0.7950 · MAD: 0.2843

Earnings yield4.3%

SEC filings · 12 months to Mar 2026 · JPY→USD at the current rateReported value60% base weight · Z-score -1.40Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield-9.2%

SEC filings · 12 months to Mar 2026 · JPY→USD at the current rate · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share priceInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

76/100

Moderate

1/1 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 23.2%

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth38.8%

SEC filings · 12 months to Mar 2026Reported value100% base weight · Z-score 1.28Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth9.9%

SEC filings · 3 years to Mar 2026Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth24.6%

SEC filings · 12 months to Mar 2026Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

22/100

Weak

2/2 inputs reported · High confidence

Since last quarter: ▲ Stronger

Operating margin rose 7.7 points to 39.5%

Why

Weaker than most peers on:

▼ ROA
▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets0.4%

SEC filings · 12 months to Mar 2026Reported value50% base weight · Z-score -1.23Sector median: 0.0117 · MAD: 0.0062

Return on equity8.8%

SEC filings · 12 months to Mar 2026Reported value50% base weight · Z-score -0.49Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating margin39.5%

SEC filings · 12 months to Mar 2026Reported valueInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Mitsubishi UFJ Financial

Is Mitsubishi UFJ Financial getting weaker?: Its latest SEC filing (Jul 6, 2026) got stronger: operating margin rose 7.7 points to 39.5%; debt up 55%, still less than its cash. Its overall score is unchanged at 37/100 since Oct 28, 2026.
How is Mitsubishi UFJ Financial valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 14/100 against 950 banks & insurance peers. Earnings yield 4.3% vs a peer median of 7.9% (weaker than 84% of peers).Earnings yield 4.3% vs peers 7.9% (weaker than 84% of peers).
Is Mitsubishi UFJ Financial growing?: Yes, faster than most of its peers. Growth scores 76/100 against 950 banks & insurance peers. Earnings per share growth 38.8% vs a peer median of 16.0% (stronger than 76% of peers).Earnings per share growth 38.8% vs peers 16.0% (stronger than 76% of peers).
How profitable is Mitsubishi UFJ Financial?: Less profitable than most of its peers. Profitability scores 22/100 against 950 banks & insurance peers. Return on assets 0.4% vs a peer median of 1.2% (weaker than 84% of peers).Return on assets 0.4% vs peers 1.2% (weaker than 84% of peers).
How risky is Mitsubishi UFJ Financial?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Mar 31, 2026 · filed Jul 6, 2026 · compared with the quarter ended Sep 30, 2025

Got stronger

Operating margin rose 7.7 points to 39.5%
Debt up 55%, still less than its cash

	Previous quarter	Latest quarter	Change
Revenue (12 months)	4.86T JPY	5.99T JPY	+23.2%
Net income (12 months)	1.37T JPY	1.73T JPY	+26.2%
Operating margin	31.8%	39.5%	+7.7 pts
Free cash flow (12 months)	−528.0B JPY	−3.67T JPY	+595.0%
Debt	22.47T JPY	34.74T JPY	+54.6%
Cash	94.45T JPY	90.38T JPY	−4.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in JPY, as reported

Key ratios	FY Mar 2022	FY Mar 2023	FY Mar 2024	FY Mar 2025	FY Mar 2026	Change
Operating margin	30.4%	34.9%	38.6%	32.6%	39.5%	▲ 6.9 pts
Net margin	-2.1%	8.5%	27.9%	26.3%	28.9%	▲ 2.5 pts
Return on assets (ROA)	-0.0%	0.1%	0.3%	0.3%	0.4%	▲ 0.1 pts
Return on equity (ROE)	-0.5%	2.4%	7.5%	6.9%	8.8%	▲ 1.9 pts
Debt to equity	3.28×	3.01×	2.89×	2.50×	1.78×	▼ 29%
Interest coverage	2.20×	0.71×	0.41×	0.30×	0.48×	▲ 59%

MUFG price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #641 of 791 banks & insurance companies (bottom 20%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from JPY 4.0T in FY Mar 2021 to JPY 6.0T in FY Mar 2026.

Mitsubishi UFJ Financial's fiscal-year revenue rose in each of the five years to FY Mar 2026, from JPY 4.0T to JPY 6.0T.

Fast revenue growth. Revenue grew 25% in the 12 months to March 2026 vs the 12 months before, faster than 82% of peers.

Revenue grew 25% in the 12 months to March 2026 vs the 12 months before, faster than 82% of its peers.

Questions investors ask about Mitsubishi UFJ Financial

Is Mitsubishi UFJ Financial getting weaker?

Its latest SEC filing (Jul 6, 2026) got stronger: operating margin rose 7.7 points to 39.5%; debt up 55%, still less than its cash. Its overall score is unchanged at 37/100 since Oct 28, 2026.

How is Mitsubishi UFJ Financial valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 14/100 against 950 banks & insurance peers. Earnings yield 4.3% vs a peer median of 7.9% (weaker than 84% of peers).Earnings yield 4.3% vs peers 7.9% (weaker than 84% of peers).

Is Mitsubishi UFJ Financial growing?

Yes, faster than most of its peers. Growth scores 76/100 against 950 banks & insurance peers. Earnings per share growth 38.8% vs a peer median of 16.0% (stronger than 76% of peers).Earnings per share growth 38.8% vs peers 16.0% (stronger than 76% of peers).

How profitable is Mitsubishi UFJ Financial?

Less profitable than most of its peers. Profitability scores 22/100 against 950 banks & insurance peers. Return on assets 0.4% vs a peer median of 1.2% (weaker than 84% of peers).Return on assets 0.4% vs peers 1.2% (weaker than 84% of peers).

How risky is Mitsubishi UFJ Financial?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

4.86T JPY

5.99T JPY

+23.2%

Net income (12 months)

1.37T JPY

1.73T JPY

+26.2%

Operating margin

31.8%

39.5%

+7.7 pts

Free cash flow (12 months)

−528.0B JPY

−3.67T JPY

+595.0%

Debt

22.47T JPY

34.74T JPY

+54.6%

Cash

94.45T JPY

90.38T JPY

−4.3%

Key ratios

FY Mar 2022

FY Mar 2023

FY Mar 2024

FY Mar 2025

FY Mar 2026

Change

Operating margin

30.4%

34.9%

38.6%

32.6%

39.5%

▲ 6.9 pts

Net margin

-2.1%

8.5%

27.9%

26.3%

28.9%

▲ 2.5 pts

Return on assets (ROA)

-0.0%

0.1%

0.3%

0.4%

▲ 0.1 pts

Return on equity (ROE)

-0.5%

2.4%

7.5%

6.9%

8.8%

▲ 1.9 pts

Debt to equity

3.28×

3.01×

2.89×

2.50×

1.78×

▼ 29%

Interest coverage

2.20×

0.71×

0.41×

0.30×

0.48×

▲ 59%