The Toronto-Dominion Bank (TSX:TD.PR.Z.PFD) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)

The Toronto-Dominion Bank Cyclically Adjusted PB Ratio Chart

The Toronto-Dominion Bank Annual Data
	Trend	Oct14	Oct15	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23
Cyclically Adjusted PB Ratio		Get a 7-Day Free Trial					2.29	1.66	2.27	1.95	1.59

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
Cyclically Adjusted PB Ratio	Get a 7-Day Free Trial															2.03	1.75	1.82	1.59	1.66

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

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

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

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

The Toronto-Dominion Bank Cyclically Adjusted PB Ratio Calculation

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

The Toronto-Dominion Bank does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

The Toronto-Dominion Bank  (TSX:TD.PR.Z.PFD) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.

The Toronto-Dominion Bank Cyclically Adjusted PB Ratio Related Terms

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The Toronto-Dominion Bank (TSX:TD.PR.Z.PFD) Business Description