The Toronto-Dominion Bank (MEX:TD N) Cyclically Adjusted PS Ratio: 5.49 (As of Jul. 29, 2026) — 32% Above Median

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MEX:TD N The Toronto-Dominion Bank MEX:TD N
72 GF Score
Price MXN1,856.83
GF Value MXN1,171.65
! 8 Warning Signs
View Full Analysis

What is The Toronto-Dominion Bank Cyclically Adjusted PS Ratio?

The Toronto-Dominion Bank MEX:TD N 72 Cyclically Adjusted PS Ratio is 5.49 as of Jul. 29, 2026, which is 32% above its 10-year median of 4.15. GuruFocus rates MEX:TD N with a GF Score™ of 72/100 and a GF Value™ of MXN1,171.65. The stock has 8 warning signs investors should review. Among 1,301 Banks companies, The Toronto-Dominion Bank ranks worse than 83.47% on this metric.

As of today (2026-07-29), The Toronto-Dominion Bank's current share price is MXN1856.83. The Toronto-Dominion Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was MXN338.00. The Toronto-Dominion Bank's Cyclically Adjusted PS Ratio for today is 5.49.

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

MEX:TD N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.79   Med: 4.15   Max: 5.86
Current: 5.75

During the past years, The Toronto-Dominion Bank's highest Cyclically Adjusted PS Ratio was 5.86. The lowest was 2.79. And the median was 4.15.

MEX:TD N's Cyclically Adjusted PS Ratio is ranked worse than
83.47% of 1301 companies
in the Banks industry
Industry Median: 3.43 vs MEX:TD N: 5.75

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

The Toronto-Dominion Bank's adjusted revenue per share data for the three months ended in Apr. 2026 was MXN121.580. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN338.00 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Toronto-Dominion Bank  (MEX:TD N) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


The Toronto-Dominion Bank Cyclically Adjusted PS Ratio Related Terms


The Toronto-Dominion Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for The Toronto-Dominion Bank's Cyclically Adjusted PS 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.

The Toronto-Dominion Bank Cyclically Adjusted PS Ratio Chart

The Toronto-Dominion Bank Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.33 3.79 3.13 2.92 4.06

The Toronto-Dominion Bank Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.23 3.62 4.06 4.44 4.95

MEX:TD N vs JPM, BAC, WFC: Cyclically Adjusted PS Ratio Comparison

For the Banks - Diversified subindustry, The Toronto-Dominion Bank's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Banks Industry

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

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


MEX:TD N
72GF Score
The Toronto-Dominion Bank MEX:TD N
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Toronto-Dominion Bank Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

The Toronto-Dominion Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1856.83/338.00
=5.49

* 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.

The Toronto-Dominion Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, The Toronto-Dominion Bank's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=121.58/132.7364*132.7364
=121.580

Current CPI (Apr. 2026) = 132.7364.

The Toronto-Dominion Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 66.768 101.844 87.021
201610 66.114 102.002 86.035
201701 76.785 102.318 99.613
201704 63.613 103.029 81.955
201707 70.055 103.029 90.255
201710 75.481 103.424 96.874
201801 75.317 104.056 96.076
201804 74.951 105.320 94.462
201807 75.787 106.110 94.804
201810 85.488 105.952 107.099
201901 77.352 105.557 97.269
201904 78.711 107.453 97.231
201907 82.546 108.243 101.224
201910 82.160 107.927 101.046
202001 83.746 108.085 102.846
202004 98.704 107.216 122.198
202007 96.567 108.401 118.245
202010 104.267 108.638 127.395
202101 93.920 109.192 114.172
202104 89.767 110.851 107.490
202107 92.183 112.431 108.832
202110 98.169 113.695 114.610
202201 100.103 114.801 115.742
202204 97.546 118.357 109.397
202207 100.201 120.964 109.953
202210 95.298 121.517 104.097
202301 99.753 121.596 108.892
202304 90.813 123.571 97.549
202307 89.355 124.914 94.950
202310 95.494 125.310 101.154
202401 98.162 125.072 104.177
202404 97.332 126.890 101.817
202407 109.501 128.075 113.487
202410 122.725 127.838 127.428
202501 122.026 127.443 127.095
202504 120.715 129.102 124.113
202507 123.660 130.290 125.982
202510 123.890 130.603 125.914
202601 123.397 130.366 125.641
202604 121.580 132.736 121.580

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 5.49 mean?
The Toronto-Dominion Bank (MEX:TD N) has a Cyclically Adjusted PS Ratio of 5.49 as of Jul. 29, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on The Toronto-Dominion Bank and its competitors. This is 32% above median its historical median of 4.15. Over the past decade, The Toronto-Dominion Bank's Cyclically Adjusted PS Ratio has ranged from 2.79 to 5.86. According to the industry distribution chart, The Toronto-Dominion Bank ranks #1086 out of 1301 companies in the Banks industry, placing it in the top 83.5%.
Is The Toronto-Dominion Bank's Cyclically Adjusted PS Ratio too high?
The Toronto-Dominion Bank's current Cyclically Adjusted PS Ratio of 5.49 is 32% above median its 10-year median of 4.15. Over the past 10 years, this metric has ranged from a low of 2.79 to a high of 5.86. The Banks industry median Cyclically Adjusted PS Ratio is 3.43. The Toronto-Dominion Bank's value of 5.49 is 60.1% above this industry median. Based on the distribution chart, The Toronto-Dominion Bank ranks #1086 out of 1301 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, The Toronto-Dominion Bank has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does The Toronto-Dominion Bank's Cyclically Adjusted PS Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, The Toronto-Dominion Bank ranks #1086 out of 1301 companies for Cyclically Adjusted PS Ratio. This places The Toronto-Dominion Bank in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.43. The Toronto-Dominion Bank's value of 5.49 is 60.1% above this benchmark. Historically, The Toronto-Dominion Bank's own Cyclically Adjusted PS Ratio has ranged from 2.79 to 5.86 over the past decade. While the company's 10-year median is 4.15 vs. the industry median of 3.43, The Toronto-Dominion Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.43, based on 1,301 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Toronto-Dominion Bank's current Cyclically Adjusted PS Ratio of 5.49 is 60.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on The Toronto-Dominion Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Toronto-Dominion Bank's current Cyclically Adjusted PS Ratio is 5.49, which is 32% above median its own 10-year median of 4.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Toronto-Dominion Bank stock overvalued right now?
The Toronto-Dominion Bank (MEX:TD N) has a current Cyclically Adjusted PS Ratio of 5.49. The stock's GF Value™ is MXN1,171.65, compared to a current price of MXN1,856.83 — trading 58.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.49, which is 32% above median its 10-year median of 4.15 and 60.1% above the Banks industry median of 3.43. The Toronto-Dominion Bank's overall GF Score™ is 72/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For The Toronto-Dominion Bank (MEX:TD N), the current Cyclically Adjusted PS Ratio is 5.49 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is The Toronto-Dominion Bank (MEX:TD N) Overvalued in 2026?

Based on GuruFocus' analysis, The Toronto-Dominion Bank stock appears to be overvalued. The current stock price of MXN1,856.83 is trading 58.5% above its estimated GF Value™ of MXN1,171.65.

Key valuation signals for MEX:TD N:

  • Cyclically Adjusted PS Ratio: 5.49 (32% above median its 10-year median of 4.15)
  • GF Value™: MXN1,171.65 vs. price of MXN1,856.83 (58.5% above fair value)
  • GF Score™: 72/100 with 8 warning signs
  • Industry Position: 60.1% above the Banks median (#1086 of 1301)

No single metric tells the full story. See the MEX:TD N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Toronto-Dominion Bank Business Description

Address Toronto-Dominion Centre, P.O. Box 1, Toronto, ON, CAN, M5K 1A2
Toronto-Dominion is one of Canada's two largest banks with over CAD 2 trillion in assets by the end of April 2026. TD Bank operates four business segments: Canadian personal and commercial banking, US retail banking, wealth management and insurance, and wholesale banking. The bank derives more than 50% of its revenue from Canada and has dominant market shares in nearly all banking products and services. TD has around 44% of its revenue from its US operations. Its US footprint spans from Maine to Florida, with a strong presence in the Northeast.
72GF Score

Get the complete analysis for MEX:TD N

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,856.83
Price
MXN1,171.65
GF Value