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Investment Q&A

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Toronto-Dominion Bank (The) (TD)
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Q: I'm considering starting half a position in TD. How does its current valuation compare to historical averages?

I read your response to a question where you say that TD is the cheapest of the bank stocks in Canada. How far out of sync is its valuation compared to its peers?

Asked by Robert on May 24, 2024

5i Research Answer:

TD's average annual P/E over the past decade has ranged from 9.6X to 14.7X, vs 9.6X today. Peer average today is 11.4X.

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