Profitability
ROTCE Trend
ROTCE
Bank Valuation
MIZUHO AMERICAS LLC
2026Q2 · RSSD 5034792
Illustrative Valuation Analysis
Tangible Common Equity
$8.01B
TTM Common Earnings
$798.00M
ROTCE
13.66%
Observed Payout (TTM)
0.0%
CET1 Ratio
18.64%
Tier 1 Ratio
18.66%
Total Capital Ratio
18.68%
Metric definitions & methodology
Definitions for the principal banking metrics and valuation assumptions used by BankMetrics AI. BankMetrics-calculated metrics are distinguished from reported FR Y-9C ratios.
Tangible Common Equity (TCE)
BankMetrics-calculated common equity less the FR Y-9C intangible assets used in the tangible book value calculation.
TTM Common Earnings
Sum of the most recent four consecutive quarters of net income available to common shareholders after preferred dividends.
ROTCE
BankMetrics-calculated annualized quarterly common earnings divided by average quarterly tangible common equity.
Observed Payout (TTM)
TTM common dividends divided by TTM common earnings.
CET1 Ratio
Reported FR Y-9C Common Equity Tier 1 capital ratio.
Tier 1 Ratio
Reported FR Y-9C Tier 1 risk-based capital ratio.
Total Capital Ratio
Reported FR Y-9C total risk-based capital ratio.
P / TBV
Selected equity-value multiple applied to tangible common equity. Current multiples are illustrative inputs, not observed market multiples.
P / E
Selected equity-value multiple applied to TTM common earnings. Current multiples are illustrative inputs.
Cost of Equity
Required shareholder return used as the discount rate in the DDM.
Long-term Growth
Long-term sustainable dividend growth assumption used in the DDM terminal-value calculation.
Payout Ratio
Share of normalized common earnings assumed to be distributed to common shareholders in the DDM.
Historical Analytics
Profitability & Capital Trends
Historical profitability and regulatory-capital trends provide context for current valuation and peer positioning.
Capital Strength
Capital Ratio Trend
CET1Tier 1Total Capital
Note: Reported capital ratios are shown; this does not determine institution-specific requirements or well-capitalized status.
Illustrative Valuation Analysis
Selected multiples and DDM assumptions are illustrative user inputs. They do not represent observed market multiples, public-company consensus estimates, or investment advice.
Valuation Method
P / TBV
Selected multiple applied to Tangible Common Equity
Low
x
$7.21B
Base
x
$8.82B
High
x
$10.42B
Valuation Method
P / E
Selected multiple applied to TTM common earnings
Low
x
$7.18B
Base
x
$8.78B
High
x
$10.37B
Dividend Discount Model
DDM Assumptions
One-stage sustainable-growth DDM based on common earnings and selected payout.
| Assumption | Low | Base | High |
|---|---|---|---|
| Cost of Equity | % | % | % |
| Long-term Growth | % | % | % |
| Payout Ratio | % | % | % |
| Implied Equity Value | $2.86B | $3.87B | $5.31B |
Valuation Visualization
Valuation Football Field
Compare implied equity-value ranges across P/TBV, P/E and DDM on a common axis.
P / TBV
$7.2B – $10.4B
$8.8B
P / E
$7.2B – $10.4B
$8.8B
DDM
$2.9B – $5.3B
$3.9B
Current multiples and DDM assumptions are illustrative inputs, not observed market multiples.
Diagnostics
Observed Dividend Payout
0.0%
ROTCE-implied Sustainable Payout
78.0%
Capital Ratios
Available