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The Toronto-Dominion Bank (FRA:TDB) Cyclically Adjusted Price-to-FCF : 3.25 (As of May. 28, 2024)


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What is The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF?

As of today (2024-05-28), The Toronto-Dominion Bank's current share price is €51.92. The Toronto-Dominion Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 was €16.00. The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF for today is 3.25.

The historical rank and industry rank for The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:TDB' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.53   Med: 5.34   Max: 9.55
Current: 3.26

During the past years, The Toronto-Dominion Bank's highest Cyclically Adjusted Price-to-FCF was 9.55. The lowest was 2.53. And the median was 5.34.

FRA:TDB's Cyclically Adjusted Price-to-FCF is ranked better than
79.42% of 831 companies
in the Banks industry
Industry Median: 7.36 vs FRA:TDB: 3.26

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

The Toronto-Dominion Bank's adjusted free cash flow per share data for the three months ended in Apr. 2024 was €1.876. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €16.00 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF Chart

The Toronto-Dominion Bank Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.90 2.49 3.41 2.96 3.12

The Toronto-Dominion Bank Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.10 3.56 3.12 3.65 3.45

Competitive Comparison of The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF falls into.



The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=51.92/16
=3.25

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The Toronto-Dominion Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, The Toronto-Dominion Bank's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=1.876/126.2576*126.2576
=1.876

Current CPI (Apr. 2024) = 126.2576.

The Toronto-Dominion Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201407 5.459 99.315 6.940
201410 1.782 99.473 2.262
201501 7.190 98.209 9.243
201504 -0.107 99.710 -0.135
201507 1.885 100.579 2.366
201510 4.010 100.500 5.038
201601 5.517 100.184 6.953
201604 0.337 101.370 0.420
201607 9.453 101.844 11.719
201610 -1.843 102.002 -2.281
201701 3.659 102.318 4.515
201704 2.934 103.029 3.596
201707 -2.059 103.029 -2.523
201710 5.061 103.424 6.178
201801 0.797 104.056 0.967
201804 -2.207 105.320 -2.646
201807 2.696 106.110 3.208
201810 0.579 105.952 0.690
201901 -1.248 105.557 -1.493
201904 -0.713 107.453 -0.838
201907 1.614 108.243 1.883
201910 0.207 107.927 0.242
202001 3.968 108.085 4.635
202004 49.886 107.216 58.746
202007 21.539 108.401 25.087
202010 7.153 108.638 8.313
202101 16.115 109.192 18.634
202104 -4.734 110.851 -5.392
202107 1.021 112.431 1.147
202110 5.235 113.695 5.813
202201 10.910 114.801 11.999
202204 -4.746 118.357 -5.063
202207 7.845 120.964 8.188
202210 0.870 121.517 0.904
202301 1.765 121.596 1.833
202304 -20.121 123.571 -20.558
202307 -11.669 124.914 -11.794
202310 5.334 125.310 5.374
202401 -7.916 125.072 -7.991
202404 1.876 126.258 1.876

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


The Toronto-Dominion Bank  (FRA:TDB) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


The Toronto-Dominion Bank Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of The Toronto-Dominion Bank's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


The Toronto-Dominion Bank (FRA:TDB) Business Description

Address
C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2
Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

The Toronto-Dominion Bank (FRA:TDB) Headlines

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