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TMX GroupTSX:X -1.23%92 5-Year Yield-on-Cost % is 2.76 as of Jul. 18, 2026, which is 19% below its 10-year median of 3.41. GuruFocus rates TSX:X with a GF Score™ of 92/100 and a GF Value™ of C$57.28 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 364 Capital Markets companies, TMX Group ranks worse than 53.85% on this metric.
TMX Group's yield on cost for the quarter that ended in Mar. 2026 was 2.76.
The historical rank and industry rank for TMX Group's 5-Year Yield-on-Cost % or its related term are showing as below:
TSX:X'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.04 Med: 3.41 Max: 4.79
Current: 2.76
During the past 13 years, TMX Group's highest Yield on Cost was 4.79. The lowest was 2.04. And the median was 3.41.
TSX:X's 5-Year Yield-on-Cost % is ranked worse than 53.85% of 364
companies
in the Capital Markets industry
Industry Median: 2.985
vs TSX:X: 2.76
TMX Group (TSX:X) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
TMX Group 5-Year Yield-on-Cost % Related Terms
TSX:X vs SPGI, CME, MCO: 5-Year Yield-on-Cost % Comparison
For the Financial Data & Stock Exchanges subindustry, TMX Group's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, TMX Group's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where TMX Group's 5-Year Yield-on-Cost % falls into.
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Therefore, Yield-on-Cost of TMX Group is calculated as
TMX Group (TSX:X) has a 5-Year Yield-on-Cost % of 2.76 as of Jul. 18, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on TMX Group and its competitors. This is 19% below median its historical median of 3.41. Over the past decade, TMX Group's 5-Year Yield-on-Cost % has ranged from 2.04 to 4.79. According to the industry distribution chart, TMX Group ranks #196 out of 364 companies in the Capital Markets industry, placing it in the top 53.8%.
Is TMX Group's 5-Year Yield-on-Cost % too high?
TMX Group's current 5-Year Yield-on-Cost % of 2.76 is 19% below median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 4.79. The Capital Markets industry median 5-Year Yield-on-Cost % is 2.99. TMX Group's value of 2.76 is 7.5% below this industry median. Based on the distribution chart, TMX Group ranks #196 out of 364 companies in the Capital Markets industry, which is below the industry midpoint. Overall, TMX Group has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TMX Group's 5-Year Yield-on-Cost % compare to SPGI and CME?
According to the Capital Markets industry distribution chart, TMX Group ranks #196 out of 364 companies for 5-Year Yield-on-Cost %. This places TMX Group in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 2.99. TMX Group's value of 2.76 is 7.5% below this benchmark. Historically, TMX Group's own 5-Year Yield-on-Cost % has ranged from 2.04 to 4.79 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 2.99, 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 5-Year Yield-on-Cost % for a Capital Markets company?
The median 5-Year Yield-on-Cost % among Capital Markets companies is 2.99, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TMX Group's current 5-Year Yield-on-Cost % of 2.76 is 7.5% 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on TMX Group and its competitors. For the Capital Markets industry, the median 5-Year Yield-on-Cost % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TMX Group's current 5-Year Yield-on-Cost % is 2.76, which is 19% below 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 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$57.28, compared to a current price of C$49.63 — trading 13.4% below its estimated fair value. The current 5-Year Yield-on-Cost % is 2.76, which is 19% below median its 10-year median of 3.41 and 7.5% below the Capital Markets industry median of 2.99. TMX Group's overall GF Score™ is 92/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For TMX Group (TSX:X), the current 5-Year Yield-on-Cost % is 2.76 as of Jul. 18, 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$49.63 is trading 13.4% below its estimated GF Value™ of C$57.28.
GuruFocus considers TMX Group to be Modestly Undervalued.
Key valuation signals for TSX:X:
5-Year Yield-on-Cost %: 2.76 (19% below median its 10-year median of 3.41)
GF Value™: C$57.28 vs. price of C$49.63 (13.4% below fair value)
Industry Position: 7.5% below the Capital Markets median (#196 of 364)
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.
92GF Score
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