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The Toronto-Dominion Bank TD.TO

CA · Toronto Stock Exchange · XTSE · stock · Financial Services · website

The Toronto-Dominion Bank statistics & valuation

Market capC$283.5B
P / E13.8×
P / S4.6×
P / B2.2×
Net margin33.5%
FCF margin-117.2%
Net debtC$325.5B
Enterprise value USD$437.8B
Graham number -17.3%C$141.86

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$141.86); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
38.10% 20.60% 15.70% 33.50% 2022202320242025
Gross margin (%)
2022202320242025
Operating margin (%)
2022202320242025
Return on equity (%)
15.60% 9.50% 7.70% 16.10% 2022202320242025
Shares outstanding
1.65B 1.65B 1.65B 1.65B 2022202320242025
Net debt (C$)
C$228.19B C$296.74B C$282.64B C$325.50B 2022202320242025
Share buybacks (C$)
C$14.30B C$13.23B C$17.13B C$21.89B 2022202320242025
Return on assets (%)
0.90% 0.50% 0.40% 1.00% 2022202320242025
Free cash flow margin (%)
81.90% -130.30% 93.80% -117.20% 2022202320242025
Debt / equity (×)
3.36× 3.59× 4.00× 3.46× 2022202320242025
EPS (C$)
C$9.47 C$5.52 C$4.72 C$11.56 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

The Toronto-Dominion Bank trades at about 14.8× earnings — near its 10-year norm (10-year range 9.5×–16.8×, median 15×).

9.5× 16.8×

Shaded band = 10-year range (9.5×–16.8×); dot = today's 14.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Net margin33.5%15.7%20.6%38.1%
FCF margin-117.2%93.8%-130.3%81.9%
Return on assets1.0%0.4%0.5%0.9%
Return on equity16.1%7.7%9.5%15.6%
Debt / equity1.76×1.77×1.60×1.37×

Computed from company filings · CA · as of 2025-10-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.