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TD Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for TD Bank and similar public comparables like Santander, China Merchants Bank, HDFC Bank, DBS Bank and more.
TD Bank Overview
About TD Bank
Toronto-Dominion is one of Canada's two largest banks with over CAD 2 trillion in assets. 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 share 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.
Founded
1955
HQ
Employees
102.2K
Website
Financials (LTM)
EV
$348B
TD Bank Financials
TD Bank reported last 12-month revenue of $41B.
In the same LTM period, TD Bank generated $11B in net income.
Revenue (LTM)
TD Bank P&L
In the most recent fiscal year, TD Bank reported revenue of $44B and net income of $15B.
TD Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $41B | XXX | $44B | XXX | XXX | XXX |
| EBIT Margin | 41% | XXX | 38% | XXX | XXX | XXX |
| Net Profit | $11B | XXX | $15B | XXX | XXX | XXX |
| Net Margin | 27% | XXX | 34% | XXX | XXX | XXX |
| Net Debt | — | — | $230B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
TD Bank Stock Performance
TD Bank has current market cap of $159B, and enterprise value of $348B.
Market Cap Evolution
TD Bank's stock price is $95.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $348B | $159B | -1.4% | XXX | XXX | XXX | $8.82 |
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Start Free TrialTD Bank Valuation Multiples
TD Bank trades at 8.5x EV/Revenue multiple.
EV / Revenue (LTM)
TD Bank Financial Valuation Multiples
As of April 8, 2026, TD Bank has market cap of $159B and EV of $348B.
Equity research analysts estimate TD Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TD Bank has a P/E ratio of 14.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $159B | XXX | $159B | XXX | XXX | XXX |
| EV (current) | $348B | XXX | $348B | XXX | XXX | XXX |
| EV/Revenue | 8.5x | XXX | 7.9x | XXX | XXX | XXX |
| EV/EBIT | 20.7x | XXX | 21.0x | XXX | XXX | XXX |
| P/E | 14.4x | XXX | 10.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (6.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified TD Bank Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
TD Bank Margins & Growth Rates
TD Bank's revenue in the last 12 month grew by 5%.
TD Bank's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
TD Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | (3%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 40% | XXX | XXX | XXX |
| Opex to Revenue | 58% | XXX | 53% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
TD Bank Public Comps
See public comps and valuation multiples for other Commercial Banking and Investment Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Santander | XXX | XXX | XXX | XXX | XXX | XXX |
| China Merchants Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| HDFC Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| DBS Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| BBVA | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
TD Bank M&A Activity
TD Bank acquired XXX companies to date.
Last acquisition by TD Bank was on XXXXXXXX, XXXXX. TD Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by TD Bank
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTD Bank Investment Activity
TD Bank invested in XXX companies to date.
TD Bank made its latest investment on XXXXXXXX, XXXXX. TD Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by TD Bank
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout TD Bank
| When was TD Bank founded? | TD Bank was founded in 1955. |
| Where is TD Bank headquartered? | TD Bank is headquartered in Canada. |
| How many employees does TD Bank have? | As of today, TD Bank has over 102K employees. |
| Who is the CEO of TD Bank? | TD Bank's CEO is Leovigildo Salom. |
| Is TD Bank publicly listed? | Yes, TD Bank is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of TD Bank? | TD Bank trades under TD ticker. |
| When did TD Bank go public? | TD Bank went public in 1955. |
| Who are competitors of TD Bank? | TD Bank main competitors are Santander, China Merchants Bank, HDFC Bank, DBS Bank. |
| What is the current market cap of TD Bank? | TD Bank's current market cap is $159B. |
| What is the current revenue of TD Bank? | TD Bank's last 12 months revenue is $41B. |
| What is the current revenue growth of TD Bank? | TD Bank revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of TD Bank? | Current revenue multiple of TD Bank is 8.5x. |
| Is TD Bank profitable? | Yes, TD Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of TD Bank? | TD Bank's last 12 months net income is $11B. |
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