(TD) Toronto Dominion Bank - Overview

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA8911605092

Stock: Deposits, Loans, Cards, Insurance, Wealth

Total Rating 50

Risk 41

Buy Signal 0.84

Banks - Diversified » Diversified Banks
Age: 29.4y

Market Cap: 157,476m
Avg Trading Vol: 200M USD

ATR: 1.51%
Peers RS (IBD): 52.38

EPS (Earnings per Share)

EPS CAGR: 1.26%
EPS Trend: -20.6%

Last SUE: 0.69
Qual. Beats: 0

Revenue

Rev. CAGR: 25.20%
Rev. Trend: 83.6%

Last SUE: 2.62
Qual. Beats: 1

Dividends

Dividend Yield	4.17%
Yield on Cost 5y	6.45%
Yield CAGR 5y	4.66%
Payout Consistency	97.8%
Payout Ratio	38.7%

Risk 5d forecast
Volatility	18.2%
Relative Tail Risk	-2.45%

Reward TTM
Sharpe Ratio	3.23
Alpha	66.71

Character TTM
Beta	0.396
Beta Downside	0.311

Drawdowns 3y
Max DD	19.90%
CAGR/Max DD	0.86

Description: TD Toronto Dominion Bank January 27, 2026

Toronto-Dominion Bank (TD) operates four primary segments-Canadian Personal & Commercial Banking, U.S. Retail, Wealth Management & Insurance, and Wholesale Banking-delivering a full suite of deposit, loan, credit-card, payment, wealth-management, insurance, and capital-markets services across Canada, the United States, and select international markets.

In its most recent quarter (Q3 2024), TD reported a net income of $5.3 billion, a 9 % year-over-year increase, and a return on equity (ROE) of 13.8 %, while its Common Equity Tier 1 (CET1) capital ratio held steady at 13.5 %, comfortably above the regulatory minimum. U.S. retail loan growth accelerated to 5.2 % YoY, driven by higher mortgage and auto-loan demand, whereas Canadian loan growth slowed to 2.1 % YoY amid a tightening housing market.

Key macro drivers include the Bank of Canada’s policy rate, which has been held at 5.00 % since July 2024, supporting net interest income but pressuring credit-card delinquencies, now at 2.8 %-the highest level in three years. Additionally, the U.S. Federal Reserve’s gradual rate hikes continue to shape TD’s U.S. retail earnings, with the sector’s net interest margin expanding by 15 bps year-to-date.

For a deeper, data-driven assessment of TD’s valuation and risk profile, consider reviewing the analysis on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income: 20.54b TTM > 0 and > 6% of Revenue
FCF/TA: -0.03 > 0.02 and ΔFCF/TA -5.99 > 1.0
NWC/Revenue: -1241 % < 20% (prev -1138 %; Δ -102.4% < -1%)
CFO/TA -0.03 > 3% & CFO -69.65b > Net Income 20.54b
Net Debt (546.65b) to EBITDA (25.81b): 21.18 < 3
Current Ratio: 0.12 > 1.5 & < 3
Outstanding Shares: last quarter (1.72b) vs 12m ago -2.00% < -2%
Gross Margin: 49.01% > 18% (prev 0.44%; Δ 4858 % > 0.5%)
Asset Turnover: 5.57% > 50% (prev 5.78%; Δ -0.21% > 0%)
Interest Coverage Ratio: 0.43 > 6 (EBITDA TTM 25.81b / Interest Expense TTM 54.56b)

Altman Z'' -4.24

A: -0.69 (Total Current Assets 204.11b - Total Current Liabilities 1641.44b) / Total Assets 2094.56b
B: 0.04 (Retained Earnings 78.32b / Total Assets 2094.56b)
C: 0.01 (EBIT TTM 23.64b / Avg Total Assets 2078.15b)
D: 0.06 (Book Value of Equity 115.92b / Total Liabilities 1966.73b)
Altman-Z'' Score: -4.24 = D

Beneish M -3.02

DSRI: 1.07 (Receivables 46.23b/44.62b, Revenue 115.84b/119.17b)
GMI: 0.89 (GM 49.01% / 43.64%)
AQI: 1.04 (AQ_t 0.90 / AQ_t-1 0.86)
SGI: 0.97 (Revenue 115.84b / 119.17b)
TATA: 0.04 (NI 20.54b - CFO -69.65b) / TA 2094.56b)
Beneish M-Score: -3.02 (Cap -4..+1) = AA

What is the price of TD shares?

As of February 07, 2026, the stock is trading at USD 96.68 with a total of 2,844,016 shares traded.
Over the past week, the price has changed by +3.41%, over one month by +3.00%, over three months by +21.19% and over the past year by +73.98%.

Is TD a buy, sell or hold?

Toronto Dominion Bank has received a consensus analysts rating of 3.94. Therefore, it is recommended to buy TD.

StrongBuy: 7
Buy: 2
Hold: 6
Sell: 1
StrongSell: 0

What are the forecasts/targets for the TD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	92.3	-4.6%
Analysts Target Price	92.3	-4.6%
ValueRay Target Price	114.5	18.4%

TD Fundamental Data Overview January 31, 2026

Market Cap CAD = 215.18b (157.48b USD * 1.3664 USD.CAD)
P/E Trailing = 10.9859
P/E Forward = 14.2857
P/S = 2.4889
P/B = 1.8621
P/EG = 1.0362
Revenue TTM = 115.84b CAD
EBIT TTM = 23.64b CAD
EBITDA TTM = 25.81b CAD
Long Term Debt = 47.27b CAD (from longTermDebt, last quarter)
Short Term Debt = 432.89b CAD (from shortTermDebt, last quarter)
Debt = 663.58b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 546.65b CAD (from netDebt column, last quarter)
Enterprise Value = 722.69b CAD (215.18b + Debt 663.58b - CCE 156.06b)
Interest Coverage Ratio = 0.43 (Ebit TTM 23.64b / Interest Expense TTM 54.56b)
EV/FCF = -10.07x (Enterprise Value 722.69b / FCF TTM -71.79b)
FCF Yield = -9.93% (FCF TTM -71.79b / Enterprise Value 722.69b)
FCF Margin = -61.97% (FCF TTM -71.79b / Revenue TTM 115.84b)
Net Margin = 17.73% (Net Income TTM 20.54b / Revenue TTM 115.84b)
Gross Margin = 49.01% ((Revenue TTM 115.84b - Cost of Revenue TTM 59.06b) / Revenue TTM)
Gross Margin QoQ = 51.83% (prev 50.56%)
Tobins Q-Ratio = 0.35 (Enterprise Value 722.69b / Total Assets 2094.56b)
Interest Expense / Debt = 1.94% (Interest Expense 12.88b / Debt 663.58b)
Taxrate = 20.04% (822.0m / 4.10b)
NOPAT = 18.91b (EBIT 23.64b * (1 - 20.04%))
Current Ratio = 0.12 (Total Current Assets 204.11b / Total Current Liabilities 1641.44b)
Debt / Equity = 5.19 (Debt 663.58b / totalStockholderEquity, last quarter 127.83b)
Debt / EBITDA = 21.18 (Net Debt 546.65b / EBITDA 25.81b)
Debt / FCF = -7.61 (negative FCF - burning cash) (Net Debt 546.65b / FCF TTM -71.79b)
Total Stockholder Equity = 124.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.99% (Net Income 20.54b / Total Assets 2094.56b)
RoE = 16.49% (Net Income TTM 20.54b / Total Stockholder Equity 124.58b)
RoCE = 13.76% (EBIT 23.64b / Capital Employed (Equity 124.58b + L.T.Debt 47.27b))
RoIC = 4.23% (NOPAT 18.91b / Invested Capital 447.42b)
WACC = 2.98% (E(215.18b)/V(878.75b) * Re(7.37%) + D(663.58b)/V(878.75b) * Rd(1.94%) * (1-Tc(0.20)))
Discount Rate = 7.37% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -2.49%
Fair Price DCF = unknown (Cash Flow -71.79b)
EPS Correlation: -20.63 | EPS CAGR: 1.26% | SUE: 0.69 | # QB: 0
Revenue Correlation: 83.64 | Revenue CAGR: 25.20% | SUE: 2.62 | # QB: 1
EPS next Quarter (2026-04-30): EPS=2.16 | Chg30d=+0.005 | Revisions Net=+7 | Analysts=12
EPS current Year (2026-10-31): EPS=9.07 | Chg30d=+0.014 | Revisions Net=+13 | Growth EPS=+8.4% | Growth Revenue=+4.0%
EPS next Year (2027-10-31): EPS=10.11 | Chg30d=+0.013 | Revisions Net=+9 | Growth EPS=+11.4% | Growth Revenue=+4.2%

Additional Sources for TD Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle