Toronto Dominion Bank Preferred Stock Fundamentals
| TD-PFE Preferred Stock | CAD 24.07 0.07 0.29% |
Toronto Dominion Bank fundamentals help investors to digest information that contributes to Toronto Dominion's financial success or failures. It also enables traders to predict the movement of Toronto Preferred Stock. The fundamental analysis module provides a way to measure Toronto Dominion's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Toronto Dominion preferred stock.
Toronto |
Toronto Dominion Bank Company Price To Earning Analysis
Toronto Dominion's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Toronto Dominion Price To Earning | 3.54 X |
Most of Toronto Dominion's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Toronto Dominion Bank is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, Toronto Dominion Bank has a Price To Earning of 3.54 times. This is 85.87% lower than that of the Consumer Finance sector and significantly higher than that of the Financials industry. The price to earning for all Canada preferred stocks is 87.67% higher than that of the company.
Toronto Dominion Bank Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Toronto Dominion's current stock value. Our valuation model uses many indicators to compare Toronto Dominion value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Toronto Dominion competition to find correlations between indicators driving Toronto Dominion's intrinsic value. More Info.Toronto Dominion Bank is currently regarded as top stock in price to earning category among its peers. It is rated fifth in beta category among its peers totaling about 0.20 of Beta per Price To Earning. The ratio of Price To Earning to Beta for Toronto Dominion Bank is roughly 4.99 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Toronto Dominion by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Toronto Dominion's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Toronto Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Toronto Dominion's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the preferred stocks which would be a good addition to a portfolio. Peer analysis of Toronto Dominion could also be used in its relative valuation, which is a method of valuing Toronto Dominion by comparing valuation metrics of similar companies.Toronto Dominion is currently under evaluation in price to earning category among its peers.
Toronto Fundamentals
| Price To Earning | 3.54 X | ||||
| Net Income | 10.03 B | ||||
| Cash And Equivalents | 345.14 B | ||||
| Cash Per Share | 187.20 X | ||||
| Total Debt | 207.66 B | ||||
| Book Value Per Share | 36.58 X | ||||
| Cash Flow From Operations | 5.29 B | ||||
| Number Of Employees | 82.58 K | ||||
| Beta | 0.71 | ||||
| Market Capitalization | 31.27 B | ||||
| Z Score | 0.09 | ||||
| Last Dividend Paid | 2.4 |
About Toronto Dominion Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Toronto Dominion Bank's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Toronto Dominion using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Toronto Dominion Bank based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The Toronto-Dominion Bank, together with its subsidiaries, provides various personal and commercial banking products and services in Canada and the United States. The company was founded in 1855 and is headquartered in Toronto, Canada. Toronto Dominion is traded on Toronto Stock Exchange in Canada.
Pair Trading with Toronto Dominion
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Toronto Dominion position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Toronto Dominion will appreciate offsetting losses from the drop in the long position's value.Moving against Toronto Preferred Stock
The ability to find closely correlated positions to Toronto Dominion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toronto Dominion when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Toronto Dominion - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Toronto Dominion Bank to buy it.
The correlation of Toronto Dominion is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Toronto Dominion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toronto Dominion Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Toronto Dominion can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Toronto Preferred Stock
Toronto Dominion financial ratios help investors to determine whether Toronto Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Toronto with respect to the benefits of owning Toronto Dominion security.