Toromont Industries Ltd (TMTNY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Toromont Industries Ltd $15.94, price $33.15, upside -51.9%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 3, 2026.
How to read this chart
7‑month range $27.03 – $38.64 · fair‑value band $11.31 – $22.38 · the $33.15 price screens above the $15.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 3, 2026.
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Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO.
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Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the supply and rent business; providing product support services for specialized mobile equipment, industrial engines, material handling lift trucks, and heavy equipment rentals; designing and fabricating power generation and storage enclosures; suppling control systems for specialized mobile equipment; and developing distributed generators and combined heat and power projects using Caterpillar engines. This segment serves road building, mining, aggregates, public infrastructure, residential construction, power generation, forestry, on-highway truck engines, industrial, demolition and waste management markets. The CIMCO segment is involved in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets, as well as supplies thermal management solutions. This segment primarily serves beverage and food processing, cold storage, food distribution, mining, and recreational ice rink sectors. Toromont Industries Ltd. was founded in 1961 and is headquartered in Concord, Canada.
Stock analysis
Toromont Industries Ltd (TMTNY) currently trades at $33.15, while our model-based Fair Value estimate is $15.94, 51.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $17.59 per share, and 0 of the 26 models we run sit above the $33.15 price.
Bear case: the Asset-Based group reads lowest at $3.80, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $11.31 (bear) to $22.38 (bull), the price of $33.15 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Toromont Industries Ltd reported revenue of C$5.2B in FY2025 versus C$4.1B in FY2022, a compound +8.1%/yr. Reported net income was C$497M in FY2025, compounding +3.0%/yr from FY2022.
Key figures
Market cap $13.8B · P/E ratio 37.2 · P/S ratio 3.56 · EPS (TTM) $0.8900 · Dividend yield 1.0% · Net margin 9.5% · Return on equity 16.3% · Return on assets (EBIT) 14.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −30% fair-value upside, at −52%, TMTNY screens richer than that median.
Fair Value models
Bear $11.31Fair Value $15.94Bull $22.38
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+1.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.5%
Dividend (yield on the price)1.0%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 13%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−11.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in CAD, Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about −13.0% a year for the price and +6.0% for the forecasts.
Compare Toromont Industries Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Industrial Distribution · 106 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−43.4% · Bottom 25%
Profitability
Return on equity (TTM)16.3% · Top 25%
Return on assets8.4% · Top 25%
Net margin (TTM)9.6% · Top 25%
Operating margin (TTM)11.7% · Top 25%
Growth and dividend
Revenue growth12.7% · Top 25%
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Industrial Distribution median · lower = cheaper
P/E (TTM)37.2× · Priciest 25%
P/B5.98× · Priciest 25%
P/S (TTM)3.68× · Priciest 25%
P/FCF38.3× · Priciest 25%
EV/EBITDA18.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 39
FUTURE (revenue growth)64· sector 27
PAST (return on equity)65· sector 37
HEALTH (low debt)88· sector 91
DIVIDEND (yield)19· sector 38
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Toromont Industries Ltd (TMTNY) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of $15.94 versus a price of $33.15, about −52% upside (overvalued).
What is the fair value of TMTNY?
Our model-based fair value for Toromont Industries Ltd is $15.94 (as of Oct 3, 2026), built from audited fundamentals. The current price: $33.15.
What is the quality score of TMTNY?
Toromont Industries Ltd has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Toromont Industries Ltd (TMTNY)?
Our model-based price target is the fair value of $15.94 (as of Oct 3, 2026) from 26 valuation models. Cautious scenario $11.31, optimistic scenario $22.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Toromont Industries Ltd stock forecast for 2026?
Our models put fair value at $15.94, about −52% upside versus a price of $33.15 (overvalued). Cautious scenario $11.31, optimistic scenario $22.38. The calculation is refreshed regularly with new filings.
What is the revenue of Toromont Industries Ltd (TMTNY)?
Toromont Industries Ltd reported trailing-twelve-month revenue of about C$5.3B (latest available figure, as of Oct 3, 2026).
Does Toromont Industries Ltd pay a dividend?
Toromont Industries Ltd currently shows a dividend yield of about 0.97% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Toromont Industries Ltd (TMTNY)?
For today's price to be fair in a discounted-cash-flow model, Toromont Industries Ltd would have to grow free cash flow by -11.2 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +8.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of TMTNY use?
Our models discount Toromont Industries Ltd at 9.2 %: a base by market capitalisation (large), damped by beta 0.97, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Toromont Industries Ltd that is -11.2 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Toromont Industries Ltd (TMTNY) delivered so far?
Over the past 3 years revenue at Toromont Industries Ltd grew +8.1 % a year. The price currently implies -11.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Toromont Industries Ltd (TMTNY) growing?
The median revenue growth in the sector is +7.1 % a year. That is the yardstick for the growth priced into Toromont Industries Ltd (-11.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Toromont Industries Ltd (TMTNY)?
The free-cash-flow yield on the price is 13.36 %: that much free cash flow Toromont Industries Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Toromont Industries Ltd (TMTNY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Toromont Industries Ltd it is $15.94 per share (as of Oct 3, 2026), against a price of $33.15. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Toromont Industries Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, TMTNY trades above its calculated fair value: price $33.15, fair value $15.94, a gap of about −52% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TMTNY?
No. The price is what the market pays today ($33.15); the fair value is what the company's own numbers justify ($15.94). For Toromont Industries Ltd the two are $17.21 per share apart. That gap is exactly why we show both numbers side by side.
How much is Toromont Industries Ltd worth?
The market values Toromont Industries Ltd at about $13.8B (market capitalisation, as of Oct 3, 2026). Per share that is $33.15; our models calculate a fair value of $15.94 per share.
What do the bullish and bearish scenarios say about TMTNY?
Our models span a range for Toromont Industries Ltd: cautious scenario $11.31, base $15.94, optimistic $22.38 per share (as of Oct 3, 2026, price $33.15). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TMTNY?
Toromont Industries Ltd trades at a price-to-earnings ratio of 37.2 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $15.94 is built from several models across several years. Other multiples: P/B 6.0, P/S 3.7, EV/EBITDA 18.9.
How solid is the balance sheet of Toromont Industries Ltd (TMTNY)?
Balance-sheet figures for Toromont Industries Ltd (as of Oct 3, 2026): return on equity 16.3%, debt of 0.24 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
Which stocks are comparable to Toromont Industries Ltd?
From the same area (Industrials) we also value W.W. Grainger, Inc, Fastenal Company, Ferguson Enterprises Inc, WESCO International, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Toromont Industries Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price $33.15, calculated fair value $15.94 (−52%), Quality Score 63/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TMTNY calculated?
We run Toromont Industries Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $15.94, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Toromont Industries Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Toromont Industries Ltd (TMTNY)?
The closing price on Oct 2, 2026 was $33.15. Our model-based fair value is $15.94, about −52% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Toromont Industries Ltd right now?
The price sits above even our optimistic bull case ($22.38). The favourable scenario is already priced in. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($11.31 to $22.38) leaves room in how you read the outcome.
Key figures of Toromont Industries Ltd
How large is the market capitalisation of Toromont Industries Ltd (TMTNY)?
The market capitalisation of Toromont Industries Ltd is $13.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Toromont Industries Ltd (TMTNY)?
The price-to-sales ratio of Toromont Industries Ltd is 3.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Toromont Industries Ltd (TMTNY)?
Earnings per share at Toromont Industries Ltd are $0.8900 (price ÷ EPS = P/E 37.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Toromont Industries Ltd (TMTNY)?
The dividend yield of Toromont Industries Ltd is 1.0% (payout 36.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Toromont Industries Ltd (TMTNY)?
The net margin of Toromont Industries Ltd is 9.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Toromont Industries Ltd (TMTNY)?
The return on equity (ROE) of Toromont Industries Ltd is 16.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Toromont Industries Ltd (TMTNY)?
On an EBIT basis the return on assets of Toromont Industries Ltd is 14.1% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Toromont Industries Ltd (TMTNY)?
The operating margin of Toromont Industries Ltd is 11.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Toromont Industries Ltd (TMTNY)?
Revenue at Toromont Industries Ltd is growing +12.7% versus a year earlier (3y avg +8.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Toromont Industries Ltd (TMTNY)?
Earnings per share at Toromont Industries Ltd are growing +24.2% versus a year earlier. How much earnings per share grew versus a year earlier.
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Broad data
Oct 3, 2026