Toronto Dominion Bank (The) (TD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Toronto Dominion Bank (The)

NYSE•Financial Services•Banks - Diversified

$120.93-0.04(<0.01%)After hours

Market Cap

$142.44B

P/E

8.8x

P/S

1.3x

P/B

1.1x

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking; U.S. Retail; Wealth Management and Insurance; and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.

How this company scores

AverageMetricSide Score: 50/100

Strongest: Profitability (17/25); weakest: Growth (5/25).

Profitability17/25

Growth5/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality13/25

Strengths

Rising free cash flowStrong marginsInterest easily coveredNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 8.7x5y range 5.3x – 12.8x

Currently near its 20-quarter median.

P/S · 1.3x5y range 0.8x – 3.1x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.8x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 13.2% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $142.44B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $112.51B
Q. Revenue: $28.58B
TTM EBITDA: $21.63B
TTM Op. Income: $20.16B
Q. Op. Income: $5.85B
TTM Net Income: $16.20B
Q. Net Income: $4.62B
EPS: N/A
Shares Out.: $1.18B

$112.51B in TTM revenue declined 4.4% YoY, reaching $28.58B last quarter. TTM EBITDA of $21.63B and TTM operating income of $20.16B show growth is flowing through to the bottom line. TTM net income of $16.20B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 6 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 20.5%
Op. Margin: 20.5%
Net Margin: 16.2%

Op. margin of 20.5% is up 5.7% YoY — cost efficiency is improving. Net margin at 16.2% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 8.7x
P/S Ratio: 1.3x
P/B Ratio: 1.1x

At 8.7x P/E, the stock trades below typical market levels. P/S of 1.3x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.11T
Cash: $6.82B
Long-Term Debt: N/A
Book Value: $127.08B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

TTM Free Cash Flow: $23.51B
FCF Margin: 20.9%
FCF / Net Income: 1.5

TTM FCF of $23.51B. The FCF / Net Income ratio of 1.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 36% — an improving trend.