Toronto Dominion Bank

NYSE:TD USA Banks - Diversified
Market Cap
$161.21 Billion
Market Cap Rank
#110 Global
#89 in USA
Share Price
$96.03
Change (1 day)
+0.83%
52-Week Range
$55.71 - $98.78
All Time High
$98.78
Categories
Companies in USA Banks - Diversified Banking & Financial
About

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; fina… Read more

Toronto Dominion Bank (TD) - Net Assets

Latest net assets as of October 2025: $127.83 Billion USD

Based on the latest financial reports, Toronto Dominion Bank (TD) has net assets worth $127.83 Billion USD as of October 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.09 Trillion) and total liabilities ($1.97 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets $127.83 Billion
% of Total Assets 6.1%
Annual Growth Rate 10.7%
5-Year Change 28.06%
10-Year Change 72.24%
Growth Volatility 10.73

Toronto Dominion Bank - Net Assets Trend (1995–2025)

This chart illustrates how Toronto Dominion Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Toronto Dominion Bank (1995–2025)

The table below shows the annual net assets of Toronto Dominion Bank from 1995 to 2025.

Year Net Assets Change
2025-10-31 $127.83 Billion +11.00%
2024-10-31 $115.16 Billion +2.76%
2023-10-31 $112.07 Billion +0.62%
2022-10-31 $111.38 Billion +11.59%
2021-10-31 $99.82 Billion +4.52%
2020-10-31 $95.50 Billion +8.89%
2019-10-31 $87.70 Billion +9.57%
2018-10-31 $80.04 Billion +6.45%
2017-10-31 $75.19 Billion +1.32%
2016-10-31 $74.21 Billion +10.72%
2015-10-31 $67.03 Billion +19.20%
2014-10-31 $56.23 Billion +9.44%
2013-10-31 $51.38 Billion +4.86%
2012-10-31 $49.00 Billion +11.35%
2011-10-31 $44.00 Billion +10.36%
2010-10-31 $39.87 Billion +2.98%
2009-10-31 $38.72 Billion +22.25%
2008-10-31 $31.67 Billion +47.98%
2007-10-31 $21.40 Billion +9.03%
2006-10-31 $19.63 Billion +23.74%
2005-10-31 $15.87 Billion +4.20%
2004-10-31 $15.23 Billion +6.03%
2003-10-31 $14.36 Billion +0.49%
2002-10-31 $14.29 Billion -2.62%
2001-10-31 $14.68 Billion +4.78%
2000-10-31 $14.01 Billion +18.01%
1999-10-31 $11.87 Billion +39.09%
1998-10-31 $8.53 Billion +16.84%
1997-10-31 $7.30 Billion +9.34%
1996-10-31 $6.68 Billion +10.34%
1995-10-31 $6.05 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Toronto Dominion Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 1589.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (October 2025)

Component Amount Percentage
Retained Earnings $78.32 Billion 61.27%
Common Stock $24.73 Billion 19.34%
Other Comprehensive Income $12.87 Billion 10.07%
Other Components $11.91 Billion 9.31%
Total Equity $127.83 Billion 100.00%

Toronto Dominion Bank Competitors by Market Cap

The table below lists competitors of Toronto Dominion Bank ranked by their market capitalization.

Company Market Cap
Charles Schwab Corp
NYSE:SCHW
 		$157.13 Billion
China Merchants Bank Co Ltd
PINK:CIHKY
 		$157.57 Billion
Iberdrola SA
PINK:IBDRY
 		$157.92 Billion
The Walt Disney Company
F:WDP
 		$158.63 Billion
Toyota Motor Corp
PINK:TOYOF
 		$156.23 Billion
Pfizer Inc
NYSE:PFE
 		$155.81 Billion
Siemens AG Class N
PINK:SMAWF
 		$155.24 Billion
Deere & Company
NYSE:DE
 		$154.81 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Toronto Dominion Bank's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 115,160,000,000 to 127,827,000,000, a change of 12,667,000,000 (11.0%).
  • Net income of 20,538,000,000 contributed positively to equity growth.
  • Dividend payments of 7,663,000,000 reduced retained earnings.
  • Share repurchases of 20,835,000,000 reduced equity.
  • New share issuances of 16,622,000,000 increased equity.
  • Other comprehensive income increased equity by 4,970,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income $20.54 Billion +16.07%
Dividends Paid $7.66 Billion -5.99%
Share Repurchases $20.84 Billion -16.3%
Share Issuances $16.62 Billion +13.0%
Other Comprehensive Income $4.97 Billion +3.89%
Other Changes $-965.00 Million -0.75%
Total Change $- 11.00%

Book Value vs Market Value Analysis

This analysis compares Toronto Dominion Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 1.29x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 19.34x to 1.29x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-10-31 $4.96 $96.03 x
1996-10-31 $5.64 $96.03 x
1997-10-31 $6.13 $96.03 x
1998-10-31 $7.24 $96.03 x
1999-10-31 $9.62 $96.03 x
2000-10-31 $9.93 $96.03 x
2001-10-31 $10.69 $96.03 x
2002-10-31 $10.08 $96.03 x
2003-10-31 $10.03 $96.03 x
2004-10-31 $10.60 $96.03 x
2005-10-31 $11.38 $96.03 x
2006-10-31 $13.58 $96.03 x
2007-10-31 $14.75 $96.03 x
2008-10-31 $20.42 $96.03 x
2009-10-31 $22.77 $96.03 x
2010-10-31 $22.00 $96.03 x
2011-10-31 $23.89 $96.03 x
2012-10-31 $25.97 $96.03 x
2013-10-31 $27.03 $96.03 x
2014-10-31 $29.63 $96.03 x
2015-10-31 $35.28 $96.03 x
2016-10-31 $39.08 $96.03 x
2017-10-31 $40.01 $96.03 x
2018-10-31 $42.97 $96.03 x
2019-10-31 $47.99 $96.03 x
2020-10-31 $52.80 $96.03 x
2021-10-31 $54.84 $96.03 x
2022-10-31 $61.42 $96.03 x
2023-10-31 $61.43 $96.03 x
2024-10-31 $65.43 $96.03 x
2025-10-31 $74.37 $96.03 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Toronto Dominion Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 16.07%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 17.73%
  • • Asset Turnover: 0.06x
  • • Equity Multiplier: 16.39x
  • Recent ROE (16.07%) is above the historical average (13.15%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 13.12% 9.10% 0.08x 18.01x $188.70 Million
1996 13.68% 10.08% 0.07x 18.81x $246.07 Million
1997 14.90% 10.39% 0.06x 22.44x $357.71 Million
1998 13.14% 8.50% 0.07x 21.31x $267.70 Million
1999 25.85% 19.01% 0.07x 18.59x $1.83 Billion
2000 8.30% 5.11% 0.08x 21.44x $-210.02 Million
2001 10.31% 6.61% 0.07x 21.47x $41.90 Million
2002 -0.51% -0.41% 0.06x 21.32x $-1.37 Billion
2003 8.21% 6.89% 0.06x 20.86x $-235.00 Million
2004 15.97% 14.14% 0.05x 22.25x $834.29 Million
2005 14.05% 12.07% 0.05x 23.02x $642.40 Million
2006 23.45% 20.72% 0.06x 20.01x $2.64 Billion
2007 18.67% 16.11% 0.06x 19.72x $1.86 Billion
2008 12.10% 15.05% 0.05x 17.78x $665.60 Million
2009 8.06% 12.26% 0.05x 14.39x $-752.00 Million
2010 12.10% 18.49% 0.04x 17.39x $806.10 Million
2011 13.97% 19.31% 0.04x 17.30x $1.69 Billion
2012 13.37% 19.58% 0.04x 17.07x $1.60 Billion
2013 13.10% 19.80% 0.04x 17.28x $1.55 Billion
2014 14.22% 21.61% 0.04x 17.57x $2.31 Billion
2015 12.09% 21.26% 0.03x 16.88x $1.37 Billion
2016 12.16% 21.71% 0.03x 16.22x $1.56 Billion
2017 14.01% 23.19% 0.04x 17.24x $2.98 Billion
2018 14.25% 21.36% 0.04x 16.89x $3.36 Billion
2019 13.30% 19.83% 0.04x 16.14x $2.90 Billion
2020 12.46% 21.78% 0.03x 17.97x $2.35 Billion
2021 14.32% 29.96% 0.03x 17.32x $4.32 Billion
2022 15.65% 29.32% 0.03x 17.22x $6.29 Billion
2023 9.49% 10.40% 0.05x 17.45x $-573.10 Million
2024 7.68% 7.42% 0.06x 17.90x $-2.67 Billion
2025 16.07% 17.73% 0.06x 16.39x $7.76 Billion

Industry Comparison

This section compares Toronto Dominion Bank's net assets metrics with peer companies in the Banks - Diversified industry.

Industry Context

  • Industry: Banks - Diversified
  • Average net assets among peers: $245,254,219,103
  • Average return on equity (ROE) among peers: 10.10%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Toronto Dominion Bank (TD) $127.83 Billion 13.12% 15.39x $156.30 Billion
ABN AMRO Bank N.V (AAVMY) $27.04 Billion 8.33% 14.28x $11.03 Billion
Agricultural Bank of China PK (ACGBY) $290.54 Billion 17.72% 23.14x $259.69 Billion
ANZ Group Holdings Limited (ANZGY) $70.02 Billion 10.15% 14.79x $48.69 Billion
Bank of America Corp (BAC) $270.07 Billion 11.84% 10.74x $338.02 Billion
Bank of China Ltd H (BACHF) $861.54 Billion 16.21% 13.72x $77.92 Billion
Banco Bilbao Vizcaya Argentaria S.A (BBVXF) $4.73 Billion 9.43% 14.29x $81.72 Billion
Banco Santander S.A (BCDRF) $73.87 Billion 12.11% 14.03x $86.81 Billion
Barclays PLC (BCLYF) $808.57 Billion 0.43% 0.14x $42.51 Billion
Bancorp. of Southern Indiana (BCSO) $46.62 Million 6.99% 9.62x $74.68 Million
The Bank of New York Mellon Corporation (BK) $46.12 Billion 7.84% 9.18x $79.57 Billion