MUFG vs. XP: A Head-to-Head Stock Comparison

Updated on October 5, 2025

Here’s a clear look at MUFG and XP, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

MUFG trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, XP is a standard domestic listing.

Symbol	MUFG	XP
Company Name	Mitsubishi UFJ Financial Group, Inc.	XP Inc.
Country	Japan	Cayman Islands
GICS Sector	Financials	Financials
GICS Industry	Banks	Capital Markets
Market Capitalization	179.77 billion USD	9.13 billion USD
Exchange	NYSE	NasdaqGS
Listing Date	April 2, 2001	December 11, 2019
Security Type	ADR	Common Stock

Historical Performance

This chart compares the performance of MUFG and XP by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

MUFG vs. XP: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	MUFG	XP
5-Day Price Return	-0.60%	-8.88%
13-Week Price Return	17.47%	-12.42%
26-Week Price Return	6.17%	26.11%
52-Week Price Return	71.92%	-3.51%
Month-to-Date Return	-3.38%	-7.72%
Year-to-Date Return	25.30%	46.33%
10-Day Avg. Volume	49.06M	6.54M
3-Month Avg. Volume	40.35M	6.29M
3-Month Volatility	29.85%	38.93%
Beta	0.29	1.18

Profitability

Return on Equity (TTM)

MUFG

9.11%

Banks Industry

Max: 25.40%
Q3: 15.55%
Median: 12.00%
Q1: 8.98%
Min: -0.10%

MUFG’s Return on Equity of 9.11% is on par with the norm for the Banks industry, indicating its profitability relative to shareholder equity is typical for the sector.

XP

23.24%

Capital Markets Industry

Max: 38.97%
Q3: 22.24%
Median: 13.52%
Q1: 8.61%
Min: -4.25%

In the upper quartile for the Capital Markets industry, XP’s Return on Equity of 23.24% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

MUFG vs. XP: A comparison of their Return on Equity (TTM) against their respective Banks and Capital Markets industry benchmarks.

Net Profit Margin (TTM)

MUFG

25.66%

Banks Industry

Max: 54.20%
Q3: 35.73%
Median: 28.97%
Q1: 22.56%
Min: 6.98%

MUFG’s Net Profit Margin of 25.66% is aligned with the median group of its peers in the Banks industry. This indicates its ability to convert revenue into profit is typical for the sector.

XP

28.02%

Capital Markets Industry

Max: 69.91%
Q3: 37.24%
Median: 24.30%
Q1: 13.06%
Min: -15.18%

XP’s Net Profit Margin of 28.02% is aligned with the median group of its peers in the Capital Markets industry. This indicates its ability to convert revenue into profit is typical for the sector.

MUFG vs. XP: A comparison of their Net Profit Margin (TTM) against their respective Banks and Capital Markets industry benchmarks.

Operating Profit Margin (TTM)

MUFG

30.87%

Banks Industry

Max: 63.35%
Q3: 44.73%
Median: 37.24%
Q1: 28.25%
Min: 12.28%

MUFG’s Operating Profit Margin of 30.87% is around the midpoint for the Banks industry, indicating that its efficiency in managing core business operations is typical for the sector.

XP

33.11%

Capital Markets Industry

Max: 84.86%
Q3: 47.16%
Median: 32.23%
Q1: 18.65%
Min: -21.87%

XP’s Operating Profit Margin of 33.11% is around the midpoint for the Capital Markets industry, indicating that its efficiency in managing core business operations is typical for the sector.

MUFG vs. XP: A comparison of their Operating Profit Margin (TTM) against their respective Banks and Capital Markets industry benchmarks.

Profitability at a Glance

Symbol	MUFG	XP
Return on Equity (TTM)	9.11%	23.24%
Return on Assets (TTM)	0.46%	1.42%
Net Profit Margin (TTM)	25.66%	28.02%
Operating Profit Margin (TTM)	30.87%	33.11%
Gross Profit Margin (TTM)	--	--

Financial Strength

Current Ratio (MRQ)

MUFG

Banks Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

For the Banks industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

XP

0.20

Capital Markets Industry

Max: 3.37
Q3: 1.81
Median: 1.01
Q1: 0.56
Min: 0.04

For the Capital Markets industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

MUFG vs. XP: A comparison of their Current Ratio (MRQ) against their respective Banks and Capital Markets industry benchmarks.

Debt-to-Equity Ratio (MRQ)

MUFG

4.55

Banks Industry

Max: 5.78
Q3: 2.66
Median: 1.05
Q1: 0.40
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Banks industry.

XP

4.20

Capital Markets Industry

Max: 6.52
Q3: 2.79
Median: 0.96
Q1: 0.28
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Capital Markets industry.

MUFG vs. XP: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Banks and Capital Markets industry benchmarks.

Interest Coverage Ratio (TTM)

MUFG

Banks Industry

Max: --
Q3: --
Median: --
Q1: --
Min: --

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Banks industry.

XP

7.81

Capital Markets Industry

Max: 107.59
Q3: 48.41
Median: 10.85
Q1: 4.56
Min: -36.26

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Capital Markets industry.

MUFG vs. XP: A comparison of their Interest Coverage Ratio (TTM) against their respective Banks and Capital Markets industry benchmarks.

Financial Strength at a Glance

Symbol	MUFG	XP
Current Ratio (MRQ)	--	0.20
Quick Ratio (MRQ)	--	0.15
Debt-to-Equity Ratio (MRQ)	4.55	4.20
Interest Coverage Ratio (TTM)	--	7.81

Growth

Revenue Growth

MUFG vs. XP: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

MUFG vs. XP: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

MUFG

2.07%

Banks Industry

Max: 11.03%
Q3: 6.00%
Median: 3.87%
Q1: 2.41%
Min: 0.00%

MUFG’s Dividend Yield of 2.07% is in the lower quartile for the Banks industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

XP

7.22%

Capital Markets Industry

Max: 9.02%
Q3: 4.54%
Median: 2.55%
Q1: 1.27%
Min: 0.00%

With a Dividend Yield of 7.22%, XP offers a more attractive income stream than most of its peers in the Capital Markets industry, signaling a strong commitment to shareholder returns.

MUFG vs. XP: A comparison of their Dividend Yield (TTM) against their respective Banks and Capital Markets industry benchmarks.

Dividend Payout Ratio (TTM)

MUFG

65.29%

Banks Industry

Max: 134.24%
Q3: 79.39%
Median: 55.09%
Q1: 36.09%
Min: 0.00%

MUFG’s Dividend Payout Ratio of 65.29% is within the typical range for the Banks industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

XP

172.60%

Capital Markets Industry

Max: 199.38%
Q3: 99.28%
Median: 60.67%
Q1: 32.00%
Min: 0.00%

XP’s Dividend Payout Ratio of 172.60% is in the upper quartile for the Capital Markets industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

MUFG vs. XP: A comparison of their Dividend Payout Ratio (TTM) against their respective Banks and Capital Markets industry benchmarks.

Dividend at a Glance

Symbol	MUFG	XP
Dividend Yield (TTM)	2.07%	7.22%
Dividend Payout Ratio (TTM)	65.29%	172.60%

Valuation

Price-to-Earnings Ratio (TTM)

MUFG

13.88

Banks Industry

Max: 22.69
Q3: 13.75
Median: 10.32
Q1: 7.73
Min: 2.59

A P/E Ratio of 13.88 places MUFG in the upper quartile for the Banks industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

XP

9.98

Capital Markets Industry

Max: 51.69
Q3: 29.42
Median: 17.58
Q1: 12.55
Min: 5.59

In the lower quartile for the Capital Markets industry, XP’s P/E Ratio of 9.98 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.

MUFG vs. XP: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Banks and Capital Markets industry benchmarks.

Price-to-Sales Ratio (TTM)

MUFG

2.18

Banks Industry

Max: 4.90
Q3: 2.98
Median: 2.24
Q1: 1.59
Min: 0.45

The P/S Ratio is often not a primary valuation tool in the Banks industry.

XP

2.80

Capital Markets Industry

Max: 14.65
Q3: 7.29
Median: 4.53
Q1: 2.26
Min: 0.04

XP’s P/S Ratio of 2.80 aligns with the market consensus for the Capital Markets industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

MUFG vs. XP: A comparison of their Price-to-Sales Ratio (TTM) against their respective Banks and Capital Markets industry benchmarks.

Price-to-Book Ratio (MRQ)

MUFG

1.20

Banks Industry

Max: 2.09
Q3: 1.40
Median: 1.11
Q1: 0.86
Min: 0.29

MUFG’s P/B Ratio of 1.20 is within the conventional range for the Banks industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

XP

2.56

Capital Markets Industry

Max: 10.83
Q3: 5.12
Median: 2.66
Q1: 1.19
Min: 0.37

XP’s P/B Ratio of 2.56 is within the conventional range for the Capital Markets industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

MUFG vs. XP: A comparison of their Price-to-Book Ratio (MRQ) against their respective Banks and Capital Markets industry benchmarks.

Valuation at a Glance

Symbol	MUFG	XP
Price-to-Earnings Ratio (TTM)	13.88	9.98
Price-to-Sales Ratio (TTM)	2.18	2.80
Price-to-Book Ratio (MRQ)	1.20	2.56
Price-to-Free Cash Flow Ratio (TTM)	4.49	3.79