Toronto-Dominion Bank
Toronto-Dominion Bank is a major North American financial services company headquartered in Toronto, Canada. Through TD Bank Group, it provides a broad range of banking and wealth solutions across Canadian personal and commercial banking, U.S. retail banking, wealth management and insurance, and wholesale banking. Its services include deposit accounts, mortgages, loans, credit cards, cash management, private banking, investment solutions, brokerage, insurance, and commercial financing. The bank serves millions of individual, small business, commercial, and institutional clients through a large network of branches, ATMs, and digital channels in Canada and the United States. Toronto-Dominion Bank plays a significant role in everyday banking, business lending, and capital markets activity, while also supporting wealth planning and financial advice services for diverse customer segments.
$120.39
+$0.62 (+0.52%)
EOD Oct 16, 2026
33.51% net margin is above average for a financial institution, suggesting strong underwriting or fee income alongside controlled credit costs.
Revenue grew 50.5% YoY.
At 18x earnings, the multiple is above the banking sector average. Financials rarely sustain elevated multiples through credit cycles.
18.1x earnings. Above the financial-sector median (~13x). The market is pricing in above-average returns or growth, any credit deterioration would compress the multiple quickly.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
C$65.07B
▲ +50.5% YoY
Net Income (TTM)
C$16.19B
▲ +221.0% YoY
Net Margin
24.88%
P/E
18.1x
Balance Sheet
Total Assets
C$2.09T
Equity
C$127.83B
Total Debt
C$442.43B
Cash & Equiv.
C$156.06B
3Y CAGR: +10.2%
Continue Research
Is Toronto-Dominion Bank (TD) overvalued?
At a P/E of 18.1 and a price-to-free-cash-flow of 55.9, Toronto-Dominion Bank (TD) trades above a two-stage DCF intrinsic value of about C$-120.57 per share, so at C$120.39 the stock looks overvalued (200.1% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Toronto-Dominion Bank scores 71/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.3%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Toronto-Dominion Bank's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about C$-120.57 per share for TD, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around C$-90.42. At today's C$120.39, that puts the stock about 200.1% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Toronto-Dominion Bank a high-quality business?+
Toronto-Dominion Bank scores 71 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Toronto-Dominion Bank (TD) pay a dividend, and how much?+
Yes, Toronto-Dominion Bank pays a regular dividend of about C$2.21 per share per year (typically in quarterly installments), a yield of roughly 1.3% at the current price. That is a payout ratio of about 22.5% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For TD's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Toronto-Dominion Bank a good stock to buy right now?+
That depends on valuation and quality together, not either alone. TD currently trades above its estimated intrinsic value and scores 71/100 on quality (solid). It also yields about 1.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Banks - Diversified
Spot a number that looks wrong?
Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.