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TMX GroupTSX:X -0.93%90 EV-to-EBIT is 7.75 as of Aug. 04, 2026, which is 41% below its 10-year median of 13.10. GuruFocus rates TSX:X with a GF Score™ of 90/100 and a GF Value™ of C$58.31 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 500 Capital Markets companies, TMX Group ranks better than 60.8% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
TMX Group's Enterprise Value for the quarter that ended in Jun. 2026 was C$14,556 Mil.
TMX Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,050 Mil.
* 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.
TMX Group EV-to-EBIT Related Terms
TMX Group EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for TMX Group's EV-to-EBIT 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.
For the Financial Data & Stock Exchanges subindustry, TMX Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
TMX Group EV-to-EBIT vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TMX Group's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where TMX Group's EV-to-EBIT falls into.
TMX Group's current Enterprise Value is C$15,894 Mil.
TMX Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$2,050 Mil.
* 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.
TMX Group (TSX:X) has a EV-to-EBIT of 7.75 as of Aug. 04, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on TMX Group and its competitors. This is 41% below median its historical median of 13.10. Over the past decade, TMX Group's EV-to-EBIT has ranged from 4.24 to 83.26. According to the industry distribution chart, TMX Group ranks #196 out of 500 companies in the Capital Markets industry, placing it in the top 39.2%.
Is TMX Group's EV-to-EBIT too high?
TMX Group's current EV-to-EBIT of 7.75 is 41% below median its 10-year median of 13.10. Over the past 10 years, this metric has ranged from a low of 4.24 to a high of 83.26. The Capital Markets industry median EV-to-EBIT is 9.80. TMX Group's value of 7.75 is 20.9% below this industry median. Based on the distribution chart, TMX Group ranks #196 out of 500 companies in the Capital Markets industry, which is above the industry midpoint. Overall, TMX Group has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TMX Group's EV-to-EBIT compare to SPGI and CME?
According to the Capital Markets industry distribution chart, TMX Group ranks #196 out of 500 companies for EV-to-EBIT. This puts TMX Group in the upper half of its industry. The industry median EV-to-EBIT is 9.80. TMX Group's value of 7.75 is 20.9% below this benchmark. Historically, TMX Group's own EV-to-EBIT has ranged from 4.24 to 83.26 over the past decade. While the company's 10-year median is 13.10 vs. the industry median of 9.80, TMX Group has consistently been below 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 EV-to-EBIT for a Capital Markets company?
The median EV-to-EBIT among Capital Markets companies is 9.80, based on 500 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TMX Group's current EV-to-EBIT of 7.75 is 20.9% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on TMX Group and its competitors. For the Capital Markets industry, the median EV-to-EBIT is 9.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMX Group's current EV-to-EBIT is 7.75, which is 41% below median its own 10-year median of 13.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TMX Group stock overvalued right now?
Based on GuruFocus' analysis, TMX Group (TSX:X) is currently considered Modestly Undervalued. The stock's GF Value™ is C$58.31, compared to a current price of C$52.52 — trading 9.9% below its estimated fair value. The current EV-to-EBIT is 7.75, which is 41% below median its 10-year median of 13.10 and 20.9% below the Capital Markets industry median of 9.80. TMX Group's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For TMX Group (TSX:X), the current EV-to-EBIT is 7.75 as of Aug. 04, 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 TMX Group (TSX:X) Overvalued in 2026?
Based on GuruFocus' analysis, TMX Group stock appears to be undervalued.
The current stock price of C$52.52 is trading 9.9% below its estimated GF Value™ of C$58.31.
GuruFocus considers TMX Group to be Modestly Undervalued.
Key valuation signals for TSX:X:
EV-to-EBIT: 7.75 (41% below median its 10-year median of 13.10)
GF Value™: C$58.31 vs. price of C$52.52 (9.9% below fair value)
Industry Position: 20.9% below the Capital Markets median (#196 of 500)
No single metric tells the full story. See the TSX:X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TMX Group Ltd is a company that operates several markets to provide investment opportunities for its clients. The company has four operating segments: Global Solutions, Insights & Analytics, Capital Formation, Derivatives Trading & Clearing, and Equities and Fixed Income Trading & Clearing. The maximum of its revenue is from Global Solutions, Insights & Analytics, which deliver equities data, index data as well as integrated data sets to fuel high value proprietary and third party analytics, which help clients make trading and investment decisions. The company geographically operates in Canada, USA, UK, Germany, and Other Countries, with maximum revenue from Canada.
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