P/E ratio for Toronto Dominion Bank (TD)
P/E ratio as of May 2023 (TTM): 11.1
According to Toronto Dominion Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.0696. At the end of 2020 the company had a P/E ratio of 11.8.
P/E ratio history for Toronto Dominion Bank from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2020 | 11.8 | -0.77% |
| 2019 | 11.9 | 11.58% |
| 2018 | 10.6 | -22.92% |
| 2017 | 13.8 | -1.16% |
| 2016 | 14.0 | 18.7% |
| 2015 | 11.8 | |
| 2012 | 12.3 | 9.07% |
| 2011 | 11.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 11.0 | -0.57% | 🇨🇦 Canada |
 Wells Fargo WFC | 11.7 | 5.53% | 🇺🇸 USA |
 Santander SAN | 5.91 | -46.60% | 🇪🇸 Spain |
 CIBC CM | 9.31 | -15.90% | 🇨🇦 Canada |
 Scotiabank BNS | 8.85 | -20.09% | 🇨🇦 Canada |
 Bank of Montreal
BMO | 6.96 | -37.11% | 🇨🇦 Canada |
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.