Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, TMX Group's Enterprise Value is $10,164 Mil.
TMX Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $1,486 Mil. Therefore, TMX Group's EV-to-EBIT ratio for today is 6.84.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, TMX Group's Enterprise Value is $10,164 Mil.
TMX Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,621 Mil. Therefore, TMX Group's EV-to-EBITDA ratio for today is 6.27.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, TMX Group's Enterprise Value is $10,164 Mil.
TMX Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $1,299 Mil. Therefore, TMX Group's EV-to-Revenue ratio for today is 7.83.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, TMX Group's Enterprise Value is $10,164 Mil.
TMX Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $467 Mil. Therefore, TMX Group's EV-to-FCF ratio for today is 21.79.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
TMX Group (OTCPK:TMXXF) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
TMX Group's current Enterprise Value is $10,164 Mil.
TMX Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,486 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
TMX Group's current Enterprise Value is $10,164 Mil.
TMX Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,621 Mil.
TMX Group's current Enterprise Value is $10,164 Mil.
TMX Group's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,299 Mil.
TMX Group's current Enterprise Value is $10,164 Mil.
TMX Group's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $548 Mil.
TMX Group's current Enterprise Value is $10,164 Mil.
TMX Group's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $467 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 Enterprise Value Related Terms
TMX Group Enterprise Value Historical Data
* Premium members only.
The historical data trend for TMX Group's Enterprise Value 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.
TMXXF vs SPGI, CME, MCO: Enterprise Value Comparison
For the Financial Data & Stock Exchanges subindustry, TMX Group's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TMX Group's Enterprise Value distribution charts can be found below:
* The bar in red indicates where TMX Group's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
TMX Group's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (TMXXF) has a Enterprise Value of $10,164 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TMX Group and its competitors.
Is TMX Group's Enterprise Value too high?
TMX Group's current Enterprise Value is $10,164 Mil. Overall, TMX Group has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TMX Group's Enterprise Value compare to SPGI and CME?
TMX Group's Enterprise Value of $10,164 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Capital Markets company?
A good Enterprise Value depends on the Capital Markets industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TMX Group and its competitors. TMX Group's current Enterprise Value is $10,164 Mil. 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 (TMXXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $40.73, compared to a current price of $32.57 — trading 20% below its estimated fair value. The current Enterprise Value is $10,164 Mil. TMX Group's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For TMX Group (TMXXF), the current Enterprise Value is $10,164 Mil as of Jun. 30, 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 (TMXXF) Overvalued in 2026?
Based on GuruFocus' analysis, TMX Group stock appears to be undervalued.
The current stock price of $32.57 is trading 20% below its estimated GF Value™ of $40.73.
GuruFocus considers TMX Group to be Modestly Undervalued.
Key valuation signals for TMXXF:
Enterprise Value: $10,164 Mil
GF Value™: $40.73 vs. price of $32.57 (20% below fair value)
No single metric tells the full story. See the TMXXF 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.
88GF Score
Get the complete analysis for TMXXF
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TMXXF has been successfully added to your 
