TMX Group Limited (X) - Net Assets

Latest as of September 2025: CA$4.73 Billion CAD

Based on the latest financial reports, TMX Group Limited (X) has net assets worth CA$4.73 Billion CAD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$50.36 Billion) and total liabilities (CA$45.63 Billion). 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	CA$4.73 Billion
% of Total Assets	9.4%
Annual Growth Rate	12.93%
5-Year Change	33.52%
10-Year Change	71.1%
Growth Volatility	82.62

TMX Group Limited - Net Assets Trend (2002–2024)

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

Annual Net Assets for TMX Group Limited (2002–2024)

The table below shows the annual net assets of TMX Group Limited from 2002 to 2024.

Year	Net Assets	Change
2024-12-31	CA$4.82 Billion	+11.58%
2023-12-31	CA$4.32 Billion	+2.72%
2022-12-31	CA$4.21 Billion	+13.53%
2021-12-31	CA$3.71 Billion	+2.62%
2020-12-31	CA$3.61 Billion	+3.21%
2019-12-31	CA$3.50 Billion	+3.50%
2018-12-31	CA$3.38 Billion	+6.22%
2017-12-31	CA$3.18 Billion	+8.97%
2016-12-31	CA$2.92 Billion	+3.63%
2015-12-31	CA$2.82 Billion	-4.33%
2014-12-31	CA$2.95 Billion	-0.84%
2013-12-31	CA$2.97 Billion	+2.45%
2012-12-31	CA$2.90 Billion	+137.29%
2011-12-31	CA$1.22 Billion	+12.17%
2010-12-31	CA$1.09 Billion	+39.40%
2009-12-31	CA$781.49 Million	-3.76%
2008-12-31	CA$812.00 Million	+372.34%
2007-12-31	CA$171.91 Million	-24.25%
2006-12-31	CA$226.96 Million	+27.65%
2005-12-31	CA$177.79 Million	+37.28%
2004-12-31	CA$129.52 Million	-40.39%
2003-12-31	CA$217.29 Million	-34.54%
2002-12-31	CA$331.95 Million	--

Equity Component Analysis

This analysis shows how different components contribute to TMX Group Limited'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 166285000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CA$1.62 Billion	35.45%
Common Stock	CA$2.80 Billion	61.08%
Other Comprehensive Income	CA$148.20 Million	3.24%
Other Components	CA$10.70 Million	0.23%
Total Equity	CA$4.58 Billion	100.00%

TMX Group Limited Competitors by Market Cap

The table below lists competitors of TMX Group Limited ranked by their market capitalization.

Company	Market Cap
Applied Industrial Technologies NYSE:AIT	$10.80 Billion
Zhejiang Zheneng Electric Power Co Ltd SHG:600023	$10.81 Billion
Belimo Holding SW:BEAN	$10.81 Billion
SPX Corp NYSE:SPXC	$10.82 Billion
Waaree Energies Limited NSE:WAAREEENER	$10.78 Billion
Alcoa Corp NYSE:AA	$10.77 Billion
Sonova H Ag SW:SOON	$10.75 Billion
Smurfit Kappa Group PLC F:SK3	$10.74 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in TMX Group Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,107,600,000 to 4,577,400,000, a change of 469,800,000 (11.4%).
Net income of 481,500,000 contributed positively to equity growth.
Dividend payments of 208,100,000 reduced retained earnings.
Share repurchases of 24,200,000 reduced equity.
Other comprehensive income increased equity by 160,900,000.
Other factors increased equity by 59,700,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CA$481.50 Million	+10.52%
Dividends Paid	CA$208.10 Million	-4.55%
Share Repurchases	CA$24.20 Million	-0.53%
Other Comprehensive Income	CA$160.90 Million	+3.52%
Other Changes	CA$59.70 Million	+1.3%
Total Change	CA$-	11.44%

Book Value vs Market Value Analysis

This analysis compares TMX Group Limited'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: 3.27x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 54.50x to 3.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	CA$0.98	CA$53.60	x
2003-12-31	CA$0.50	CA$53.60	x
2004-12-31	CA$0.38	CA$53.60	x
2005-12-31	CA$0.52	CA$53.60	x
2006-12-31	CA$0.66	CA$53.60	x
2007-12-31	CA$0.50	CA$53.60	x
2008-12-31	CA$2.16	CA$53.60	x
2009-12-31	CA$2.08	CA$53.60	x
2010-12-31	CA$2.88	CA$53.60	x
2011-12-31	CA$6.32	CA$53.60	x
2012-12-31	CA$26.70	CA$53.60	x
2013-12-31	CA$10.67	CA$53.60	x
2014-12-31	CA$10.71	CA$53.60	x
2015-12-31	CA$10.25	CA$53.60	x
2016-12-31	CA$10.66	CA$53.60	x
2017-12-31	CA$57.11	CA$53.60	x
2018-12-31	CA$12.05	CA$53.60	x
2019-12-31	CA$12.37	CA$53.60	x
2020-12-31	CA$12.68	CA$53.60	x
2021-12-31	CA$13.12	CA$53.60	x
2022-12-31	CA$14.24	CA$53.60	x
2023-12-31	CA$14.72	CA$53.60	x
2024-12-31	CA$16.41	CA$53.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently TMX Group Limited 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): 10.52%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 32.98%
• Asset Turnover: 0.04x
• Equity Multiplier: 8.78x
Recent ROE (10.52%) is below the historical average (20.67%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	16.20%	24.90%	0.56x	1.16x	CA$20.57 Million
2003	35.14%	32.67%	0.85x	1.26x	CA$54.62 Million
2004	75.97%	33.29%	0.29x	8.00x	CA$85.45 Million
2005	58.13%	35.64%	0.19x	8.76x	CA$85.57 Million
2006	57.95%	37.28%	0.22x	6.93x	CA$108.83 Million
2007	86.50%	35.02%	0.28x	8.86x	CA$131.51 Million
2008	22.90%	34.16%	0.14x	4.64x	CA$102.49 Million
2009	13.59%	18.69%	0.16x	4.57x	CA$27.64 Million
2010	22.20%	38.00%	0.21x	2.77x	CA$130.64 Million
2011	-3.12%	-5.54%	0.20x	2.84x	CA$-156.95 Million
2012	0.54%	5.13%	0.02x	4.99x	CA$-266.55 Million
2013	4.29%	17.69%	0.04x	5.71x	CA$-164.88 Million
2014	3.46%	14.01%	0.05x	5.14x	CA$-190.38 Million
2015	-1.88%	-7.29%	0.04x	6.10x	CA$-331.10 Million
2016	6.72%	28.73%	0.03x	7.60x	CA$-95.67 Million
2017	11.56%	55.02%	0.03x	8.05x	CA$49.72 Million
2018	8.46%	34.85%	0.03x	9.36x	CA$-52.08 Million
2019	7.08%	30.69%	0.02x	9.25x	CA$-102.31 Million
2020	7.74%	32.33%	0.02x	10.00x	CA$-81.45 Million
2021	9.13%	34.52%	0.02x	17.05x	CA$-32.11 Million
2022	13.61%	48.68%	0.02x	14.04x	CA$143.98 Million
2023	8.67%	12.28%	0.05x	15.66x	CA$-54.76 Million
2024	10.52%	32.98%	0.04x	8.78x	CA$23.76 Million

Industry Comparison

This section compares TMX Group Limited's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.

No peer company data available for comparison.

About TMX Group Limited

TO:X Canada Financial Data & Stock Exchanges

Market Cap

$10.79 Billion

CA$14.91 Billion CAD

Market Cap Rank

#1939 Global

#31 in Canada

Share Price

CA$53.60

Change (1 day)

+0.90%

52-Week Range

CA$44.39 - CA$57.98

All Time High

CA$57.98