The Toronto-Dominion Bank (The Toronto-Dominion Bank) PB Ratio : 1.38 (As of Apr. 25, 2024)

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What is The Toronto-Dominion Bank PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), The Toronto-Dominion Bank's share price is $59.11. The Toronto-Dominion Bank's Book Value per Share for the quarter that ended in Jan. 2024 was $42.71. Hence, The Toronto-Dominion Bank's PB Ratio of today is 1.38.

Good Sign:

The Toronto-Dominion Bank stock PB Ratio (=1.4) is close to 3-year low of 1.37

The historical rank and industry rank for The Toronto-Dominion Bank's PB Ratio or its related term are showing as below:

TD' s PB Ratio Range Over the Past 10 Years
Min: 1.13 Med: 1.7 Max: 2.1
Current: 1.41

During the past 13 years, The Toronto-Dominion Bank's highest PB Ratio was 2.10. The lowest was 1.13. And the median was 1.70.

TD's PB Ratio is ranked worse than
80.88% of 1459 companies
in the Banks industry
Industry Median: 0.85 vs TD: 1.41

During the past 12 months, The Toronto-Dominion Bank's average Book Value Per Share Growth Rate was 4.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 4.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.80% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of The Toronto-Dominion Bank was 19.30% per year. The lowest was -0.40% per year. And the median was 9.50% per year.

Back to Basics: PB Ratio

The Toronto-Dominion Bank PB Ratio Historical Data

The historical data trend for The Toronto-Dominion Bank's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Toronto-Dominion Bank PB Ratio Chart

The Toronto-Dominion Bank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

PB Ratio

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1.67

1.18

1.75

1.59

1.35

The Toronto-Dominion Bank Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
PB Ratio	Get a 7-Day Free Trial															1.69	1.43	1.57	1.35	1.42

Competitive Comparison of The Toronto-Dominion Bank's PB Ratio

For the Banks - Diversified subindustry, The Toronto-Dominion Bank's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Toronto-Dominion Bank's PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Toronto-Dominion Bank's PB Ratio distribution charts can be found below:

* The bar in red indicates where The Toronto-Dominion Bank's PB Ratio falls into.

The Toronto-Dominion Bank PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

The Toronto-Dominion Bank's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jan. 2024)
	=	59.11	/	42.705
	=	1.38

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

The Toronto-Dominion Bank (NYSE:TD) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

The Toronto-Dominion Bank PB Ratio Related Terms

Thank you for viewing the detailed overview of The Toronto-Dominion Bank's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

The Toronto-Dominion Bank (The Toronto-Dominion Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » The Toronto-Dominion Bank (NYSE:TD) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

TDBKF.PFD:USA TNTTF.PFD:USA TDB:Germany TDB:Germany TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada TD:Canada

Address

C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2

Website

https://www.td.com

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.