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The Toronto-Dominion Bank, (TD) Fair Value & Analysis

Financial Services · US · Market cap $187B

TT The Toronto-Dominion Bank, logo The Toronto-Dominion Bank, TD · US
Price$120.49
Fair Value$161.61
Upside+34.1%
Quality95/100
Evidence: High Range $121.21 – $202.02

Fair value as of: Jun 26, 2026

From 17 valuation models · updated 3 days ago

Share price +5.9% over the past month.

Price vs Fair Value (12 months)

$120.65 $70.11 Fair Value $161.61 Jun 2025 Jun 2026

12‑month range $70.11 – $120.65 · fair‑value band $121.21 – $202.02 · the $120.49 price screens below the $161.61 fair value. As of Jun 26, 2026.

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Analysis

The Toronto-Dominion Bank, (TD) currently trades at $120.49, while our model-based Fair Value estimate is $161.61 — implying the stock looks roughly 34.1% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, The Toronto-Dominion Bank, generated revenue of $59.2B at a net margin of 25.2%. Revenue declined 31.5% year over year. It earns a return on equity of 11.9%. Net debt stands at $547B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) $59.2B
Revenue growth (YoY) -31.5%
Net margin 25.2%
Return on equity 11.9%
Free cash flow −$71.8B FY2025
P/E ratio 18.3
More key figures
Operating margin 35.4%
EPS (TTM) $6.18
Dividend yield 3.9%
EPS growth (YoY) -61.2%
Net debt $547B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking; U.S. Retail; Wealth Management and Insurance; and Wholesale Banking. The company offers personal deposits, such as chequing, savings, and investment products; financing, investment, cash management, international trade, and banking services to businesses; and financing options to customers at point of sale for automotive and recreational vehicle purchases. It also provides credit cards and payments; real estate secured lending, auto finance, and consumer lending services; point-of-sale payment solutions for large and small businesses; wealth and asset management products, and advice to retail and institutional clients through direct investing, advice-based, and asset management businesses; and property and casualty insurance, as well as life and healt…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Toronto-Dominion Bank, reported revenue of $116B in FY2025 versus $47.7B in FY2021, a compound +24.8%/yr. Reported net income was $20.5B in FY2025, compounding +9.5%/yr from FY2021.

Revenue +24.8%/yr
FY21 $47.7B
FY22 $59.4B
FY23 $102B
FY24 $119B
FY25 $116B
Net income +9.5%/yr
FY21 $14.3B
FY22 $17.4B
FY23 $10.6B
FY24 $8.8B
FY25 $20.5B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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Frequently asked questions

Is The Toronto-Dominion Bank, (TD) undervalued?
As of Jun 26, 2026, our model estimates a fair value of $161.61 versus a price of $120.49 — about +34% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TD?
Our 21-model fair value for The Toronto-Dominion Bank, is $161.61 (as of Jun 26, 2026), built from audited fundamentals. The current price is $120.49.
What is the quality score of TD?
The Toronto-Dominion Bank, has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of The Toronto-Dominion Bank, (TD)?
The Toronto-Dominion Bank, reported trailing-twelve-month revenue of about $59.2B (latest available figure, as of Jun 26, 2026).
What is the net profit margin of TD?
The net profit margin of The Toronto-Dominion Bank, is about 25.2%, meaning it keeps roughly 25.2% of revenue as net income. Based on the latest reported figures.
Does The Toronto-Dominion Bank, pay a dividend?
The Toronto-Dominion Bank, currently shows a dividend yield of about 3.85% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.