The Toronto-Dominion Bank (TD)
Financials · NYQ
Price as at 1 Oct 2026, 02:23 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
The Toronto-Dominion Bank trades at $117.53, which is 56% above the $51.66 our fair value estimate puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 45 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 20.6 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
TD dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $1.57 | 2 |
| 2025 | $2.24 | 3 |
| 2024 | $3.01 | 4 |
| 2023 | $2.84 | 4 |
| 2022 | $2.75 | 4 |
| 2021 | $2.51 | 4 |
| 2020 | $2.31 | 4 |
| 2019 | $2.18 | 4 |
| 2018 | $2.04 | 4 |
| 2017 | $1.81 | 4 |
| 2016 | $1.62 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
TD earnings and analyst estimates
Recommendation mix, 13 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About The Toronto-Dominion Bank
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 health insurance products. The company also provides capital markets, and corporate and investment banking products and services, including underwriting and distribution of new debt and equity issues; advice on strategic acquisitions and divestitures; and trading, funding, and investment services to corporations, governments, and institutions. The Toronto-Dominion Bank was founded in 1855 and is headquartered in Toronto, Canada.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
TD passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Capital Research Global, Capital Research Global Investors$359.65M · 0.1% of book
- Jeremy Grantham, Grantham, Mayo, Van Otterloo & Co. LLC$210.40M · 0.5% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$151.51M · 0.1% of book
- Burgundy Asset Management, Burgundy Asset Management Ltd.$142.30M · 1.3% of book
- Ken Griffin, CITADEL ADVISORS LLC$141.89M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Politician trades in TD
Trades in TD disclosed by members of Congress and executive-branch officials, latest first:
- Donald W. Norcross · HouseSell · $15,001 - $50,000 · traded 4 Jun 2024 · disclosed 4 Sept 2025
A disclosure reports a value band, not an amount, and is due up to 45 days after the trade; some arrive later. Every filer we track, each with their own page, is on the Congress trading tracker.
TD peers
The largest companies in the same industry (Banks - Diversified), then in the same sector.
- JPM JPMorgan Chase & Co.
- BAC Bank of America Corporation
- HSBA.L HSBC Holdings plc
- RY Royal Bank of Canada
- SAN Banco Santander, S.A.
- UBS UBS Group AG
- SMFNF Sumitomo Mitsui Financial Group, Inc.
- BBVA Banco Bilbao Vizcaya Argentaria, S.A.
Every financials company we cover is on the Financials hub.
Common questions
Is The Toronto-Dominion Bank (TD) undervalued?
Against our fair value estimate of $51.66, TD at $117.53 is 56% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own TD?
14 of the institutions we track reported a position in TD in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is TD's P/E ratio?
TD trades at 20.6 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does The Toronto-Dominion Bank (TD) pay a dividend?
Yes. The Toronto-Dominion Bank yields 2.55% at the current share price. It has paid $1.57 per share over the trailing twelve months. It has paid a dividend in each of the last 30 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its TD data?
Fundamentals for TD come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 02:23 UTC and is delayed. Our data quality score for this company is 88/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for TD, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.