TMX GroupTMXXF -1.03%90 Interest Coverage is 0.87 as of Mar. 2026, which is 77% below its 10-year median of 3.75. GuruFocus rates TMXXF with a GF Score™ of 90/100 and a GF Value™ of $39.83 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 430 Capital Markets companies, TMX Group ranks worse than 95.12% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. TMX Group's
Operating Income
for the
three
months ended in Mar. 2026 was $174 Mil. TMX Group's Interest Expense for the
three
months ended in Mar. 2026 was $-201 Mil.
TMX Group's interest coverage for the quarter that ended in Mar. 2026 was 0.87.
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. TMX Group Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.
The historical rank and industry rank for TMX Group's Interest Coverage or its related term are showing as below:
TMXXF'
s Interest Coverage Range Over the Past 10 Years
Min: 0.31 Med: 3.75 Max: 10.93
Current: 0.66
TMXXF's Interest Coverage is ranked worse than 95.12% of 430
companies
in the Capital Markets industry
Industry Median: 19.375
vs TMXXF: 0.66
TMX Group (OTCPK:TMXXF) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
TMX Group Interest Coverage Related Terms
TMX Group Interest Coverage Historical Data
* Premium members only.
The historical data trend for TMX Group's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
TMXXF vs SPGI, CME, MCO: Interest Coverage Comparison
For the Financial Data & Stock Exchanges subindustry, TMX Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TMX Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where TMX Group's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 0.87 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TMX Group and its competitors. This is 77% below median its historical median of 3.75. Over the past decade, TMX Group's Interest Coverage has ranged from 0.31 to 10.93. According to the industry distribution chart, TMX Group ranks #409 out of 430 companies in the Capital Markets industry, placing it in the top 95.1%.
Is TMX Group's Interest Coverage too high?
TMX Group's current Interest Coverage of 0.87 is 77% below median its 10-year median of 3.75. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 10.93. The Capital Markets industry median Interest Coverage is 19.38. TMX Group's value of 0.87 is 95.5% below this industry median. Based on the distribution chart, TMX Group ranks #409 out of 430 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. 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 Interest Coverage compare to SPGI and CME?
According to the Capital Markets industry distribution chart, TMX Group ranks #409 out of 430 companies for Interest Coverage. This places TMX Group in the lower half of its industry. The industry median Interest Coverage is 19.38. TMX Group's value of 0.87 is 95.5% below this benchmark. Historically, TMX Group's own Interest Coverage has ranged from 0.31 to 10.93 over the past decade. While the company's 10-year median is 3.75 vs. the industry median of 19.38, 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 Interest Coverage for a Capital Markets company?
The median Interest Coverage among Capital Markets companies is 19.38, based on 430 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TMX Group's current Interest Coverage of 0.87 is 95.5% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on TMX Group and its competitors. For the Capital Markets industry, the median Interest Coverage is 19.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMX Group's current Interest Coverage is 0.87, which is 77% below median its own 10-year median of 3.75. 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 $39.83, compared to a current price of $31.82 — trading 20.1% below its estimated fair value. The current Interest Coverage is 0.87, which is 77% below median its 10-year median of 3.75 and 95.5% below the Capital Markets industry median of 19.38. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For TMX Group (TMXXF), the current Interest Coverage is 0.87 as of Mar. 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 $31.82 is trading 20.1% below its estimated GF Value™ of $39.83.
GuruFocus considers TMX Group to be Modestly Undervalued.
Key valuation signals for TMXXF:
Interest Coverage: 0.87 (77% below median its 10-year median of 3.75)
GF Value™: $39.83 vs. price of $31.82 (20.1% below fair value)
Industry Position: 95.5% below the Capital Markets median (#409 of 430)
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.
90GF Score
Get the complete analysis for TMXXF
Interest Coverage 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 
