The Toronto-Dominion Bank (TD) Financial Ratios

For fiscal 2025 (fiscal year ended Oct 31, 2025), The Toronto-Dominion Bank had a P/E ratio of 9.88 (down from 16.18), return on equity of 16.9% (up from 7.8%), debt-to-equity of 4.16 (down from 4.28) and return on assets of 1.0% (up from 0.4%). Its dividend yield was 3.59% with a payout ratio of 37.3%.

The Toronto-Dominion Bank Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Valuation Ratios
P/E Ratio	9.88	16.18	13.86	9.21	11.64
P/S Ratio	3.12	2.53	2.83	3.31	3.81
P/B Ratio	1.54	1.17	1.25	1.42	1.64
Price/Tangible Book	1.92	1.50	1.63	1.84	2.11
Price/FCF	-	-	-	-	2.95
Price/OCF	-	-	-	-	2.89
Enterprise Value Ratios
Profitability & Returns
Return on Equity (ROE)	16.91%	7.78%	9.52%	16.51%	14.64%
Return on Assets (ROA)	0.99%	0.44%	0.55%	0.96%	0.83%
Leverage & Solvency Ratios
Debt/Equity	4.16	4.28	3.90	3.47	3.16
Debt/FCF	-	-	-	-	5.68
Liquidity Ratios
Efficiency Ratios
Yield & Distribution Ratios
Earnings Yield	10.40%	6.57%	7.62%	11.02%	8.74%
FCF Yield	-39.35%	-12.75%	-29.84%	-43.18%	33.94%
Dividend Yield	3.59%	5.31%	4.93%	4.10%	3.52%
Payout Ratio	37.31%	80.98%	54.78%	38.24%	38.85%
Buyback Yield	1.82%	3.53%	-0.60%	0.36%	-0.63%
Total Return	5.41%	8.84%	4.33%	4.46%	2.89%

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About The Toronto-Dominion Bank Financial Ratios

What is The Toronto-Dominion Bank's P/E ratio?

The Toronto-Dominion Bank's P/E ratio was 9.88 for fiscal 2025 (period ended Oct 31, 2025). It was 16.18 a year earlier.

What is The Toronto-Dominion Bank's return on equity?

The Toronto-Dominion Bank's return on equity (ROE) was 16.9% for fiscal 2025 (period ended Oct 31, 2025). It was 7.8% a year earlier.

What is The Toronto-Dominion Bank's debt-to-equity ratio?

The Toronto-Dominion Bank's debt-to-equity ratio was 4.16 for fiscal 2025 (period ended Oct 31, 2025). It was 4.28 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition