TMXXF (TMX Group) Moat Score: 6/10 (As of Jul. 06, 2026)


TMXXF TMX Group Ltd TMXXF
84 GF Score
Price $33.16
GF Value $40.71
Valuation Modestly Undervalued
! 5 Warning Signs
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What is TMX Group Moat Score?

TMX Group TMXXF -0.63% 84 Moat Score is 6 as of Jul. 06, 2026. GuruFocus rates TMXXF with a GF Score™ of 84/100 and a GF Value™ of $40.71 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 839 Capital Markets companies, TMX Group ranks better than 97.5% on this metric.

TMX Group has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

TMX Group has Narrow Moat: TMX Group benefits from regulatory barriers and a strong market position in financial services. It has a solid brand and customer loyalty, but its competitive advantages are not sufficiently durable to warrant a wide moat classification.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes TMX Group might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

TMX Group  (OTCPK:TMXXF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

TMX Group Moat Score Related Terms

TMXXF vs SPGI, CME, MCO: Moat Score Comparison

For the Financial Data & Stock Exchanges subindustry, TMX Group's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TMX Group's Moat Score distribution charts can be found below:

* The bar in red indicates where TMX Group's Moat Score falls into.


TMXXF
84GF Score
TMX Group Ltd TMXXF
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 6 mean?
TMX Group (TMXXF) has a Moat Score of 6 as of Jul. 06, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, TMX Group ranks #21 out of 839 companies in the Capital Markets industry, placing it in the top 2.5%.
Is TMX Group's Moat Score too high?
TMX Group's current Moat Score is 6. Based on the distribution chart, TMX Group ranks #21 out of 839 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, TMX Group has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TMX Group's Moat Score compare to SPGI and CME?
According to the Capital Markets industry distribution chart, TMX Group ranks #21 out of 839 companies for Moat Score. This places TMX Group in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Capital Markets company?
A good Moat Score depends on the Capital Markets industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. TMX Group's current Moat Score is 6. 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 $40.71, compared to a current price of $33.16 — trading 18.5% below its estimated fair value. The current Moat Score is 6. TMX Group's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For TMX Group (TMXXF), the current Moat Score is 6 as of Jul. 06, 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 $33.16 is trading 18.5% below its estimated GF Value™ of $40.71. GuruFocus considers TMX Group to be Modestly Undervalued.

Key valuation signals for TMXXF:

  • Moat Score: 6
  • GF Value™: $40.71 vs. price of $33.16 (18.5% below fair value)
  • GF Score™: 84/100 with 5 warning signs

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 Business Description

Other Exchanges 9TX:GermanyX:Canada
Address 100 Adelaide Street West, Toronto, ON, CAN, M5H 1S3
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.
84GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$33.16
Price
$40.71
GF Value