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Toronto-Dominion Bank stock

TDNYSE

The Toronto-Dominion Bank, Financial ServicesISIN CA8911605092

$124.28▲ $0.41 (+0.3%)Closing price of 11 Nov 2026

70Score 70 out of 100, Strong

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Price and trend

77 / 100

Price history

+52% in one year

The chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Above the 200-day line: the price is 11% above it.

Trend change

Since March 2025 the 50-day line has been above the 200-day line; the trend has turned up.

Momentum

Normal: the price is neither overheated nor sold off (RSI 48).

Distance to the high

The price is 3.1% below its 52-week high. Largest decline in 20 years: 66% (October 2007 to February 2009).

Chart figures for advanced users
SMA 50$121.28
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$111.78
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)48
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDbelow the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$81.32
The lowest closing price of the last twelve months.
Resistance$128.20
The highest closing price of the last twelve months.
Market cap
$209.97B
Div. yield
2.52%
12 months
18.8
15.8
on earnings for the next twelve months ($7.88 per share)
Fair value
$98.80

Snapshot

Computed from the data by fixed rules, no AI

  • The Toronto-Dominion Bank belongs to the Banks (Diversified) industry (Canada) and, with a market value of $209.97B, is number 11 of 33 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $43.05B (up 8.9% year on year) and earnings of $14.43B (up 132.3%).
  • MEQIRI Score 70 out of 100 (Strong): rank 433 of 976 in Financial Services, median 68.
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  • The P/E is 18.8 (Banks (Diversified) median 11.8, own median of recent years 12.1).
  • Our model puts fair value at $98.80, with the price 26% above it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Reliable dividendNo dividend cut for 29 years.Capital allocation 76
  • Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 84
  • Share buybacksShare count down 5% since 2020.Capital allocation 76

Weaknesses

  • Richly valuedP/E 18.8, Banks (Diversified) median 11.8, own median 12.1.Valuation 46
  • Above fair valuePrice 26% above the fair value of $98.80.Valuation 46
70/ 100
MEQIRI Score
Strong

Its standout strengths are momentum and fundamentals, while valuation holds the score back.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

The fundamentals are strong overall.

Profit consistency100% of years
Cash conversion (free cash flow to earnings)not used for financials
ROE (12 months)12.8%
Positive free cash flownot used for financials
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk low

How well MEQIRI warns

One of the 30% with the lowest crash risk among the 100 largest stocks.

From 2016 to 2025, 4 in 100 such stocks fell 30% or more within a year, against a group average of 9 in 100.

What lowers it

  • solid fundamentals
  • price near its 52-week high
  • calm price action

Valuation

Valuation signal

Significantly overvalued
Price
$124.28
Fair value
$98.80
Gap to fair value
+26%

In our model the price counts as cheap below $82.33 and expensive above $123.50 (uncertainty low, based on the price swings of the past year).

The two parts of the fair value come to $119.95 (excess return model) and $77.65 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.

Calculated with a cost of equity of 8.2%. At 9.2% the fair value would be $88.80, at 7.2% it would be $113.79.

Valuation metrics

2.31
12.8%
last 12 months, profit over average equity
Fair value (model)
$98.80
Earnings part $77.65 (earnings per share $6.60 × 11.8)

Half from the excess return model, half from earnings times the industry P/E (11.8).

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

20 years

In the twelve months to 31 Jul 2026, revenue rose 8% on the twelve months before. Revenue has grown solidly since 2006, at about 8% per year.

Margins

20 years
  • Operating margin
  • Net margin

In fiscal 2025: operating 39%, net 34%. Banks and insurers have no gross margin, and their net margin is not comparable with other industries. The score leaves both out. Last 12 months: net 25%.

Debt & balance sheet

Fiscal 2025
5.19
Equity
$89.8B
0.12
Cash & equivalents
$109.64B

For banks and insurers, deposits and liabilities are the business. Debt to equity and the current ratio say little here, and the score does not rate them.

Earnings

Next earnings
3 Dec 2026in 21 days
Last reported
27 Aug 2026EPS reported 1.98 (expected 1.74)above expectations

Analyst estimates

Earnings estimates have barely changed since 15 Oct 2026.

Fiscal 20278 analysts
Earnings per share
11.18+1.2%
Revenue
$44.56B+1.2%
Fiscal 20283 analysts
Earnings per share
12.5+1.2%
Revenue
$47.79B+1.2%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook raised

Share price after the results: +1.5%

2026 provisions for credit losses are now expected near the lower end of the 40 to 50 basis point range and EPS growth is on track to significantly outperform the 6% to 8% target.

Supporting passage from the call, verbatim
“The bank is on track to significantly outperform its 6% to 8% EPS growth and 13% ROE target for fiscal 2026.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 27 Aug 2026 (fiscal Q3 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

No open-market purchases or sales in the last 6 months.

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Toronto-Dominion Bank

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

976 rated companies in Financial Services

Rank 433 of 976
433/ 976
This company
70
Sector median
68

Categories against the sector median

ProfitabilityMedian of 976 companies61 (median 57)4 above the median
GrowthMedian of 976 companies58 (median 67)9 below the median
FundamentalsMedian of 976 companies84 (median 80)4 above the median
ValuationMedian of 929 companies with a value46 (median 73)27 below the median
StabilityMedian of 976 companies65 (median 78)13 below the median
Capital allocationMedian of 976 companies76 (median 56)20 above the median
Technical analysisMedian of 976 companies77 (median 70)7 above the median
MomentumMedian of 976 companies86 (median 70)16 above the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Banks (Diversified)

The next larger and next smaller companies by market value

All 33 Banks (Diversified) stocks

ETFs that hold Toronto-Dominion Bank

Held by 78 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETFWeightCostFund size
Xtrackers MSCI Canada Screened UCITS ETF 1CD5BH6.81%0.35%€1.2B
UBS MSCI Canada UCITS ETF CAD disUIM96.68%0.33%€2.06B
iShares MSCI Canada UCITS ETFSXR26.62%0.48%€2.15B
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Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 11 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Oct 2025
Currency
Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = CA$1.4235)
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Strong, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
  • Valuation signal Overvalued since 12 Nov 2026, previously Fairly valued
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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