TMX GroupTSX:X +1.09%94 PS Ratio is 7.57 as of Jul. 11, 2026, which is 2% above its 10-year median of 7.40. GuruFocus rates TSX:X with a GF Score™ of 94/100 and a GF Value™ of C$57.16 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 755 Capital Markets companies, TMX Group ranks worse than 68.48% 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, TMX Group's share price is C$48.40.
TMX Group's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was C$6.39. Hence, TMX Group's PS Ratio for today is 7.57.
Good Sign:
TMX Group Ltd stock PS Ratio (=7.49) is close to 3-year low of 6.91.
The historical rank and industry rank for TMX Group's PS Ratio or its related term are showing as below:
TSX:X'
s PS Ratio Range Over the Past 10 Years
Min: 4.03 Med: 7.4 Max: 10.31
Current: 7.57
During the past 13 years, TMX Group's highest PS Ratio was 10.31. The lowest was 4.03. And the median was 7.40.
TSX:X's PS Ratio is ranked worse than 68.48% of 755
companies
in the Capital Markets industry
Industry Median: 4.17
vs TSX:X: 7.57
TMX Group Ltd has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of TMX Group was 16.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 15.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 14.80% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 9.30% per year.
During the past 13 years, TMX Group's highest 3-Year average Revenue per Share Growth Rate was 23.90% per year. The lowest was -3.10% per year. And the median was 11.80% per year.
Back to Basics: PS Ratio
TMX Group (TSX:X) 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.
TMX Group PS Ratio Related Terms
TMX Group PS Ratio Historical Data
* Premium members only.
The historical data trend for TMX Group's PS Ratio 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 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.
TMX Group PS Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TMX Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where TMX Group'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.
TMX Group's Share Price of today is C$48.40. TMX Group's Revenue per Share 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 C$6.39.
* 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:
TMX Group (TSX:X) has a PS Ratio of 7.57 as of Jul. 11, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on TMX Group and its competitors. This is near median its historical median of 7.40. Over the past decade, TMX Group's PS Ratio has ranged from 4.03 to 10.31. According to the industry distribution chart, TMX Group ranks #517 out of 755 companies in the Capital Markets industry, placing it in the top 68.5%.
Is TMX Group's PS Ratio too high?
TMX Group's current PS Ratio of 7.57 is near median its 10-year median of 7.40. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 10.31. The Capital Markets industry median PS Ratio is 4.17. TMX Group's value of 7.57 is 81.5% above this industry median. Based on the distribution chart, TMX Group ranks #517 out of 755 companies in the Capital Markets industry, which is below the industry midpoint. Overall, TMX Group has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TMX Group's PS Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, TMX Group ranks #517 out of 755 companies for PS Ratio. This places TMX Group in the lower half of its industry. The industry median PS Ratio is 4.17. TMX Group's value of 7.57 is 81.5% above this benchmark. Historically, TMX Group's own PS Ratio has ranged from 4.03 to 10.31 over the past decade. While the company's 10-year median is 7.40 vs. the industry median of 4.17, TMX Group 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 Capital Markets company?
The median PS Ratio among Capital Markets companies is 4.17, based on 755 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. TMX Group's current PS Ratio of 7.57 is 81.5% 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 TMX Group and its competitors. For the Capital Markets industry, the median PS Ratio is 4.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMX Group's current PS Ratio is 7.57, which is near median its own 10-year median of 7.40. 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$57.16, compared to a current price of C$48.40 — trading 15.3% below its estimated fair value. The current PS Ratio is 7.57, which is near median its 10-year median of 7.40 and 81.5% above the Capital Markets industry median of 4.17. TMX Group's overall GF Score™ is 94/100 with 5 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 TMX Group (TSX:X), the current PS Ratio is 7.57 as of Jul. 11, 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$48.40 is trading 15.3% below its estimated GF Value™ of C$57.16.
GuruFocus considers TMX Group to be Modestly Undervalued.
Key valuation signals for TSX:X:
PS Ratio: 7.57 (near median its 10-year median of 7.40)
GF Value™: C$57.16 vs. price of C$48.40 (15.3% below fair value)
Industry Position: 81.5% above the Capital Markets median (#517 of 755)
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.
94GF Score
Get the complete analysis for TSX:X
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:X has been successfully added to your 
