The Toronto-Dominion BankTD -2.41%73 PS Ratio is 4.37 as of Jul. 02, 2026, which is 28% above its 10-year median of 3.41. GuruFocus rates TD with a GF Score™ of 73/100 and a GF Value™ of $77.00 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,517 Banks companies, The Toronto-Dominion Bank ranks worse than 79.43% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, The Toronto-Dominion Bank's share price is $119.30.
The Toronto-Dominion Bank's Revenue per Share for the trailing twelve months (TTM) ended in Apr. 2026 was $27.31. Hence, The Toronto-Dominion Bank's PS Ratio for today is 4.37.
Warning Sign:
The Toronto-Dominion Bank stock PS Ratio (=4.57) is close to 10-year high of 4.6.
The historical rank and industry rank for The Toronto-Dominion Bank's PS Ratio or its related term are showing as below:
TD'
s PS Ratio Range Over the Past 10 Years
Min: 2.3 Med: 3.41 Max: 4.6
Current: 4.5
During the past 13 years, The Toronto-Dominion Bank's highest PS Ratio was 4.60. The lowest was 2.30. And the median was 3.41.
TD's PS Ratio is ranked worse than 79.43% of 1517
companies
in the Banks industry
Industry Median: 3
vs TD: 4.50
The Toronto-Dominion Bank has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of The Toronto-Dominion Bank was 12.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 12.00% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 9.10% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 7.10% per year.
During the past 13 years, The Toronto-Dominion Bank's highest 3-Year average Revenue per Share Growth Rate was 35.10% per year. The lowest was -11.20% per year. And the median was 6.75% per year.
Back to Basics: PS Ratio
The Toronto-Dominion Bank (NYSE:TD) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
The Toronto-Dominion Bank PS Ratio Related Terms
The Toronto-Dominion Bank PS Ratio Historical Data
* 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 Banks - Diversified subindustry, The Toronto-Dominion Bank's PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, The Toronto-Dominion Bank's PS Ratio distribution charts can be found below:
* The bar in red indicates where The Toronto-Dominion Bank's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
The Toronto-Dominion Bank's Share Price of today is $119.30. The Toronto-Dominion Bank's Revenue per Share for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $27.31.
* 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.
It can also be calculated from the numbers for the whole company:
The Toronto-Dominion Bank (TD) has a PS Ratio of 4.37 as of Jul. 02, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on The Toronto-Dominion Bank and its competitors. This is 28% above median its historical median of 3.41. Over the past decade, The Toronto-Dominion Bank's PS Ratio has ranged from 2.30 to 4.60. According to the industry distribution chart, The Toronto-Dominion Bank ranks #1205 out of 1517 companies in the Banks industry, placing it in the top 79.4%.
Is The Toronto-Dominion Bank's PS Ratio too high?
The Toronto-Dominion Bank's current PS Ratio of 4.37 is 28% above median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 2.30 to a high of 4.60. The Banks industry median PS Ratio is 3.00. The Toronto-Dominion Bank's value of 4.37 is 45.7% above this industry median. Based on the distribution chart, The Toronto-Dominion Bank ranks #1205 out of 1517 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, The Toronto-Dominion Bank has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Toronto-Dominion Bank's PS Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, The Toronto-Dominion Bank ranks #1205 out of 1517 companies for PS Ratio. This places The Toronto-Dominion Bank in the lower half of its industry. The industry median PS Ratio is 3.00. The Toronto-Dominion Bank's value of 4.37 is 45.7% above this benchmark. Historically, The Toronto-Dominion Bank's own PS Ratio has ranged from 2.30 to 4.60 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 3.00, The Toronto-Dominion Bank has consistently been above 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 PS Ratio for a Banks company?
The median PS Ratio among Banks companies is 3.00, based on 1,517 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Toronto-Dominion Bank's current PS Ratio of 4.37 is 45.7% above 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on The Toronto-Dominion Bank and its competitors. For the Banks industry, the median PS Ratio is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Toronto-Dominion Bank's current PS Ratio is 4.37, which is 28% above median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Toronto-Dominion Bank stock overvalued right now?
Based on GuruFocus' analysis, The Toronto-Dominion Bank (TD) is currently considered Significantly Overvalued. The stock's GF Value™ is $77.00, compared to a current price of $119.30 — trading 54.9% above its estimated fair value. The current PS Ratio is 4.37, which is 28% above median its 10-year median of 3.41 and 45.7% above the Banks industry median of 3.00. The Toronto-Dominion Bank's overall GF Score™ is 73/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For The Toronto-Dominion Bank (TD), the current PS Ratio is 4.37 as of Jul. 02, 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 The Toronto-Dominion Bank (TD) Overvalued in 2026?
Based on GuruFocus' analysis, The Toronto-Dominion Bank stock appears to be overvalued.
The current stock price of $119.30 is trading 54.9% above its estimated GF Value™ of $77.00.
GuruFocus considers The Toronto-Dominion Bank to be Significantly Overvalued.
Key valuation signals for TD:
PS Ratio: 4.37 (28% above median its 10-year median of 3.41)
GF Value™: $77.00 vs. price of $119.30 (54.9% above fair value)
Industry Position: 45.7% above the Banks median (#1205 of 1517)
No single metric tells the full story. See the TD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toronto-Dominion is one of Canada's two largest banks with over CAD 2 trillion in assets by the end of April 2026. TD Bank operates four business segments: Canadian personal and commercial banking, US retail banking, wealth management and insurance, and wholesale banking. The bank derives more than 50% of its revenue from Canada and has dominant market shares in nearly all banking products and services. TD has around 44% of its revenue from its US operations. Its US footprint spans from Maine to Florida, with a strong presence in the Northeast.
73GF Score
Get the complete analysis for TD
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