P/E ratio for Toronto Dominion Bank (TD)
P/E ratio as of May 2024 (TTM): 9.87
According to Toronto Dominion Bank's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.87391. At the end of 2022 the company had a P/E ratio of 8.94.
P/E ratio history for Toronto Dominion Bank from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.94 | -27.71% |
| 2021 | 12.4 | 5.06% |
| 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 | -7.31% |
| 2014 | 12.7 | -8.85% |
| 2013 | 13.9 | 12.87% |
| 2012 | 12.3 | 9.95% |
| 2011 | 11.2 | -24.78% |
| 2010 | 14.9 | -26.76% |
| 2009 | 20.4 | 162.55% |
| 2008 | 7.75 | -42.36% |
| 2007 | 13.5 | 27.56% |
| 2006 | 10.5 | -47.1% |
| 2005 | 19.9 | 28.26% |
| 2004 | 15.5 | -47.37% |
| 2003 | 29.5 | -124.73% |
| 2002 | -119 | -804.29% |
| 2001 | 17.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Royal Bank Of Canada RY | 13.5 | 36.27% | 🇨🇦 Canada |
 Wells Fargo WFC | 13.2 | 33.89% | 🇺🇸 USA |
 Santander SAN | 7.69 | -22.15% | 🇪🇸 Spain |
 CIBC CM | 13.6 | 37.88% | 🇨🇦 Canada |
 Scotiabank BNS | 10.0 | 1.64% | 🇨🇦 Canada |
 Bank of Montreal
BMO | 12.6 | 27.28% | 🇨🇦 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.