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The Toronto-Dominion Bank (LTS:0VL8) Cyclically Adjusted Revenue per Share : C$26.94 (As of Apr. 2025)


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What is The Toronto-Dominion Bank Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Apr. 2025 was C$8.615. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is C$26.94 for the trailing ten years ended in Apr. 2025.

During the past 12 months, The Toronto-Dominion Bank's average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of The Toronto-Dominion Bank was 9.00% per year. The lowest was 4.10% per year. And the median was 7.30% per year.

As of today (2025-05-27), The Toronto-Dominion Bank's current stock price is C$93.49. The Toronto-Dominion Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2025 was C$26.94. The Toronto-Dominion Bank's Cyclically Adjusted PS Ratio of today is 3.47.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of The Toronto-Dominion Bank was 5.08. The lowest was 2.79. And the median was 4.14.


The Toronto-Dominion Bank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for The Toronto-Dominion Bank's Cyclically Adjusted Revenue per Share 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 Cyclically Adjusted Revenue per Share Chart

The Toronto-Dominion Bank Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.11 20.87 23.02 24.75 26.30

The Toronto-Dominion Bank Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted Revenue per Share 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 25.46 26.06 26.30 26.37 26.94

Competitive Comparison of The Toronto-Dominion Bank's Cyclically Adjusted Revenue per Share

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's Cyclically Adjusted PS Ratio Distribution in the 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.


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The Toronto-Dominion Bank Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, The Toronto-Dominion Bank's adjusted Revenue per Share data for the three months ended in Apr. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=8.615/129.1809*129.1809
=8.615

Current CPI (Apr. 2025) = 129.1809.

The Toronto-Dominion Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201507 4.272 100.579 5.487
201510 4.291 100.500 5.516
201601 4.592 100.184 5.921
201604 4.412 101.370 5.622
201607 4.645 101.844 5.892
201610 4.662 102.002 5.904
201701 4.858 102.318 6.133
201704 4.514 103.029 5.660
201707 4.978 103.029 6.242
201710 4.975 103.424 6.214
201801 5.027 104.056 6.241
201804 5.084 105.320 6.236
201807 5.352 106.110 6.516
201810 5.488 105.952 6.691
201901 5.400 105.557 6.609
201904 5.544 107.453 6.665
201907 5.696 108.243 6.798
201910 5.651 107.927 6.764
202001 5.803 108.085 6.936
202004 5.783 107.216 6.968
202007 5.864 108.401 6.988
202010 6.478 108.638 7.703
202101 5.900 109.192 6.980
202104 5.561 110.851 6.481
202107 5.820 112.431 6.687
202110 5.940 113.695 6.749
202201 6.122 114.801 6.889
202204 6.050 118.357 6.603
202207 6.365 120.964 6.797
202210 6.573 121.517 6.988
202301 7.122 121.596 7.566
202304 6.808 123.571 7.117
202307 7.061 124.914 7.302
202310 7.253 125.310 7.477
202401 7.671 125.072 7.923
202404 7.799 126.890 7.940
202407 8.071 128.075 8.141
202410 8.428 127.838 8.517
202501 8.511 127.443 8.627
202504 8.615 129.181 8.615

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


The Toronto-Dominion Bank  (LTS:0VL8) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=93.49/26.94
=3.47

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of The Toronto-Dominion Bank was 5.08. The lowest was 2.79. And the median was 4.14.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


The Toronto-Dominion Bank Cyclically Adjusted Revenue per Share Related Terms

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


The Toronto-Dominion Bank Business Description

Industry
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. 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 55% of its revenue from Canada and has dominant market share in nearly all banking products and services. TD has around 40% of its revenue from its US operations. Its US footprint spans from Maine to Florida, with a strong presence in the Northeast.

The Toronto-Dominion Bank Headlines

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