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TD
Toronto Dominion Bank
NYSE· Financial Services· Banks - Diversified· CUSIP 891160509
$125.12+0.34%Price as of Oct 23, 00:43 UTC · updated once a day, after the close
At a glance
Toronto Dominion Bank (TD) is listed on NYSE and classified in Banks - Diversified, part of the Financial Services sector. It is headquartered in Toronto, Canada and has 105,005 employees. The company is worth $204.32B and trades at 18.5x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was CA$61.28B in fiscal 2025, up 8.9% from the year before. Net income was CA$20.54B. The share price is within 3% of its 52-week high. It pays a dividend yielding 2.54%. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $151.51M. In that quarter, 3 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $204.32B
- P/E
- 18.5x
- Forward P/E
- 15.7x
- P/B
- 2.3x
- Dividend yield
- 2.54%
- Payout
- 47.04%
- EPS
- $6.76
- ROE
- 12.83%
- Profit margin
- 26.62%
- Revenue growth
- +11.50%
- Beta
- 0.87
- 52-week high
- $125.64
- 52-week low
- $79.52
History
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Cliff AsnessHeldAQR Capital Management · Q2 2026$151.51M1.25M shares · 0.1% of portfolio
Ken GriffinAddedCitadel Advisors · Q2 2026$141.89M1.17M shares · 0.1% of portfolio- Two SigmaAddedTwo Sigma Investments · Q2 2026$114.65M944.16K shares · 0.1% of portfolio
- Renaissance TechnologiesAddedRenaissance Technologies · Q2 2026$99M815.28K shares · 0.1% of portfolio
- Israel EnglanderReducedMillennium Management · Q2 2026$67.61M556.76K shares · 0.0% of portfolio
- Steve CohenReducedPoint72 Asset Management · Q2 2026$602.17K4.99K shares · 0.0% of portfolio
- Lee AinslieHeldMaverick Capital · Q2 2026$517.68K4.26K shares · 0.0% of portfolio
Price over time
▲ +67.1% over 5Y.
today you would have $2,001.44▲ +100.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $94.20 | $53.24 | $64.62 | $64.76 | |
| EPS | CA$11.56 | CA$4.72 | CA$5.52 | CA$9.47 | |
| Dividend yield | 4.32% | 2.37% | 5.65% | 4.40% | 4.24% |
| Profit margin | 27.08% | 33.51% | 15.72% | 20.64% | 38.09% |
| ROE | 12.57% | 16.07% | 7.68% | 9.49% | 15.65% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$90.50
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$17.18
Earnings growing 0.0% a year plus a 2.5% dividend yield. Growth capped at 25%.
Earnings
$88.93
Median P/E of 13.2 among peers in the sector.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividends
$159.31
Dividend growing 6.9% a year against a 8.4% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $65.54 (avg. of 3)+Dividends $159.31÷ 2 =$112.42
$112.42
4 methods answered, across 2 families.
$84.32
Room for errors in the reported numbers.
$125.12
-10.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| CCitigroup Inc | $122.51 | 12.1x | 1.1x | 2.19% | 9.35% | $205.5B |
| AXPAmerican Express Co | $325.17 | 19.6x | 6.4x | 1.17% | 34.38% | $219.59B |
| SANBanco Santander, S.A. | $12.90 | 12.5x | 1.5x | 2.17% | 13.11% | $186.5B |
| BLKBlackRock, Inc. | $1,137.29 | 26.2x | 3.1x | 2.02% | — | $184.78B |
| MUFGMitsubishi Ufj Financial Group Inc | $21.41 | 14.0x | 1.7x | 2.52% | 9.46% | $240.99B |
| WFCWells Fargo & Company | $83.01 | 11.7x | 1.6x | 2.41% | 12.91% | $249.17B |
About the company
- 105,005
- Toronto, Canada