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Toronto Dominion Bank(TD)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
5-STAR RATING
PASS
LAST CLOSE
$122.33
09/18/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for TD

09/18/2026: TD (5-star) is currently NOT-A-BUY. Pass it for now.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Very Smooth
PRICE STABILITY

Very Smooth

The stock has followed a highly orderly price path with minimal short-term disruption.

Analysis of Past Performance

Type Stock
Historic Profit 68.86%
Avg. Invested days 66
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 4.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/18/2026

Upturn Scorecard

Upturn Star Rating

TD receives a 3-star rating, supported by solid quantitative characteristics. The rating is constrained by soft unit economics, weak price momentum, and limited analyst upside.

Company Fundamentals

TD has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+132.3%) and solid profitability (net margin 17.7%) are partially offset by soft cash generation (FCF margin -62.0%), slightly negative revenue growth (-2.8%), very low insider ownership of 0.04%.

Financial Health Rating

TD's financial health is supported by solid cash strength, including free-cash-flow generation of $-71.8B (-62.0% of revenue). Liquidity is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

Earnings growth is TD's strongest growth driver at +132.3% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-2.8%, slightly negative) and free-cash-flow growth (-236.1%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

Institutional ownership is 57.3% and approximately 98.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.04%, which materially reduces the ownership score.

Top 5 Institutional Investors

Royal Bank of Canada 6.99%
BMO Capital Markets Corp. 4.60%
Bank of Montreal 3.83%
Vanguard Capital Management, LLC 3.08%
CIBC World Markets Inc. 2.40%

Unit Economics (Per $1K Revenue)

TD generates approximately $490 of gross profit, $207 of operating income, and $-620 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 14.24%

Quantitative Style Profile

TD has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 200.44B USD
Price to earnings Ratio 18.31
1Y Target Price 121.64
Price to earnings Ratio 18.31
1Y Target Price 121.64
Volume (30-day avg) 1.9M shares
Beta 0.87
52 Weeks Range 74.81 - 125.47
Updated Date 09/20/2026
52 Weeks Range 74.81 - 125.47
Updated Date 09/20/2026
Dividends yield (FY) 3.55%
Basic EPS (TTM) 6.68

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Earnings Date

Report Date 2026-08-27
When Before Market
Estimate 1.74
Actual 1.98

Profitability

Profit Margin 26.62%
Operating Margin (TTM) 38.02%

Management Effectiveness

Return on Assets (TTM) 0.78%
Return on Equity (TTM) 12.83%

Valuation

Trailing PE 18.31
Forward PE 15.38
Enterprise Value 103.18B
Price to Sales(TTM) 3.3
Enterprise Value 103.18B
Price to Sales(TTM) 3.3
Enterprise Value to Revenue 7.94
Enterprise Value to EBITDA -
Shares Outstanding 1.64B
Shares Floating 1.61B
Shares Outstanding 1.64B
Shares Floating 1.61B
Percent Insiders 0.04
Percent Institutions 57.26

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

News (Last Updated: 09/20/2026)

About Toronto Dominion Bank

Exchange NYSE
Headquarters Toronto, ON, Canada
IPO Launch date 1996-08-30
Group President, CEO & Director Mr. Raymond Chun
Sector Financial Services
Industry Banks - Diversified
Full time employees 105005
Full time employees 105005

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.