P/E ratio for Toronto Dominion Bank (TD)

P/E ratio history for Toronto Dominion Bank from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Bank of Montreal BMO	12.6	28.90%	🇨🇦 Canada
Royal Bank Of Canada RY	15.8	61.86%	🇨🇦 Canada
Scotiabank BNS	11.7	20.17%	🇨🇦 Canada
CIBC CM	17.9	82.88%	🇨🇦 Canada
Wells Fargo WFC	15.8	61.28%	🇺🇸 USA
Santander SAN	7.25	-25.76%	🇪🇸 Spain

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.