Toronto Dominion Bank
TD
#102
Rank
$121.08 B
Marketcap
$66.61
Share price
-2.13%
Change (1 day)
-9.93%
Change (1 year)

P/E ratio for Toronto Dominion Bank (TD)

P/E ratio as of November 2022 (TTM): 10.9

According to Toronto Dominion Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.8791. 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
202011.8-0.77%
201911.911.58%
201810.6-22.92%
201713.8-1.16%
201614.018.7%
201511.8
201212.39.07%
201111.3

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
11.1 2.04%๐Ÿ‡จ๐Ÿ‡ฆ Canada
12.1 11.01%๐Ÿ‡บ๐Ÿ‡ธ USA
5.50-49.42%๐Ÿ‡ช๐Ÿ‡ธ Spain
8.68-20.24%๐Ÿ‡จ๐Ÿ‡ฆ Canada
8.01-26.40%๐Ÿ‡จ๐Ÿ‡ฆ Canada
7.30-32.87%๐Ÿ‡จ๐Ÿ‡ฆ 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.