Valuation The Toronto-Dominion Bank

Equities

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-03-06 pm EST			5-day change	1st Jan Change
130.06 ^CAD	-2.05%		-2.12%	+0.54%

Feb. 27	RBC Adjusts Price Target on Toronto-Dominion Bank to CA$148 From CA$133, Maintains Outperform Rating	MT
Feb. 27	RBC Hikes TD Bank Price Target to $148, on Q1 Results	MT

Data adjusted to current consolidation scope

Fiscal Period: October	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	163,522	158,095	139,586	134,553	197,415	217,361	-	-
Change	-	-3.32%	-11.71%	-3.61%	46.72%	10.1%	-	-
Enterprise Value (EV)	163,522	158,095	139,586	134,553	197,415	217,361	217,361	217,361
Change	-	-3.32%	-11.71%	-3.61%	46.72%	10.1%	0%	0%
P/E ratio	11.6x	9.21x	13.8x	16.3x	9.96x	14.1x	12.7x	12.2x
PBR	1.74x	1.59x	1.37x	1.29x	1.67x	1.87x	1.79x	1.72x
PEG	-	0.4x	-0.3x	-1x	0x	-0.7x	1.1x	3.18x
Capitalization / Revenue	4.07x	3.22x	2.69x	2.68x	3.54x	3.66x	3.52x	3.28x
EV / Revenue	0x	0x	0x	0x	0x	3.66x	3.52x	3.28x
EV / EBITDA	-	-	-	-	-	-	-	-
EV / EBIT	0x	0x	0x	0x	0x	8.64x	8.16x	-
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	3.16	3.56	3.84	4.08	4.2	4.362	4.601	4.667
Rate of return	3.52%	4.08%	4.96%	5.3%	3.65%	3.35%	3.54%	3.59%
EPS ²	7.72	9.47	5.6	4.72	11.56	9.212	10.27	10.66
Distribution rate	40.9%	37.6%	68.6%	86.4%	36.3%	47.3%	44.8%	43.8%
Net sales ¹	40,138	49,032	51,839	50,142	55,721	59,355	61,700	66,251
EBITDA	-	-	-	-	-	-	-	-
EBIT ¹	17,229	24,673	24,409	20,994	23,166	25,162	26,627	-
Net income ¹	14,049	17,170	10,219	8,316	19,973	15,313	16,352	16,589
Net Debt	-	-	-	-	-	-	-	-
Reference price ²	89.84	87.19	77.46	76.97	115.16	130.06	130.06	130.06
Nbr of stocks (in thousands)	1,820,149	1,813,220	1,802,041	1,748,117	1,714,267	1,671,237	-	-
Announcement Date	12/2/21	12/1/22	11/30/23	12/5/24	12/4/25	-	-	-

¹CAD in Million²CAD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
THE TORONTO-DOMINION BANK	14.12x	-	-	3.35%	160B
JPMORGAN CHASE & CO.	13.3x	-	-	2.21%	781B
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED	5.66x	-	-	5.49%	349B
BANK OF AMERICA CORPORATION	11.22x	-	-	2.47%	349B
HSBC HOLDINGS PLC	10.75x	-	-	4.91%	286B
CHINA CONSTRUCTION BANK CORPORATION	5.42x	-	-	5.51%	271B
WELLS FARGO & COMPANY	11.51x	-	-	2.34%	248B
BANK OF CHINA LIMITED	5.44x	-	-	5.58%	235B
ROYAL BANK OF CANADA	14.23x	-	-	3.02%	228B
COMMONWEALTH BANK OF AUSTRALIA	26.49x	-	-	2.93%	202B
Average	11.81x			3.78%	310.84B
Weighted average by Cap.	11.52x			3.57%