What is Toronto Dominion Bank's earnings per share (EPS)?

Toronto Dominion Bank (TD) reported diluted earnings per share of $8.25 for fiscal year 2025. This represents a 143.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Toronto Dominion Bank (TD) Financials

Trailing 12 months to January 31, 2026

Revenue $51.0B +23.8% YoY

Net Income $15.8B +151.8% YoY

EPS (Diluted) $8.95 +166.3% YoY

Operating Cash Flow -$4.6B -124.2% YoY

Market Cap $203.6B as of Oct 21, 2026

Price / Sales 4.0x on $51.0B revenue, trailing 12 months to January 31, 2026

Price / Earnings 12.9x on $15.8B net income, trailing 12 months to January 31, 2026

Price / Book 2.2x on $92.6B equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 21, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (40-F/6-K) Latest period Q1 FY2026, ended Jan 31, 2026 Reported Feb 26, 2026 Currency USD FYE October

Newest figures come from the 6-K for Q1 FY2026, filed Feb 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TD SEC filings page.

Toronto Dominion Bank (TD) reported $51.0B in revenue over the twelve months to Jan 31, 2026, up 23.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Health Score (4 of 6 dimensions) 41/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Toronto Dominion Bank's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Toronto Dominion Bank earned a return on assets of 1.0% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.4% the prior year. Earnings ranks banks on that return over three years, and Toronto Dominion Bank scores 37/100 among other banks.

Growth

Toronto Dominion Bank reported revenue of $48.4B in fiscal year 2025, against $41.1B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Toronto Dominion Bank scores 73/100 among other banks.

Capital

Toronto Dominion Bank funded 6.1% of its assets with shareholders' equity at the end of fiscal year 2025, holding $91.2B of equity against $1.5T of assets. Capital ranks banks on that cushion, and Toronto Dominion Bank scores 6/100 among other banks.

Efficiency

n/a

Not available for Toronto Dominion Bank, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Credit Quality

n/a

Not available for Toronto Dominion Bank, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.

Stability

Toronto Dominion Bank reported net income of $14.7B in fiscal year 2025, against $6.3B in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Toronto Dominion Bank scores 46/100 among other banks.

Piotroski F-Score Partial

4/6

Toronto Dominion Bank passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.

Key Financial Metrics

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Earnings & Revenue

Revenue

$12.2B

YoY+25.9%

QoQ+10.6%

5Y CAGR+7.6%

Toronto Dominion Bank generated $12.2B in revenue in Q1 2026. This represents an increase of 25.9% from the same quarter a year earlier. Against the prior quarter it is up 10.6%.

Net Income

$3.0B

YoY+54.4%

QoQ+27.4%

5Y CAGR+3.1%

Toronto Dominion Bank reported $3.0B in net income in Q1 2026. This represents an increase of 54.4% from the same quarter a year earlier. Against the prior quarter it is up 27.4%.

EPS (Diluted)

$1.73

YoY+61.0%

QoQ+31.4%

5Y CAGR+4.5%

Toronto Dominion Bank earned $1.73 per diluted share (EPS) in Q1 2026. This represents an increase of 61.0% from the same quarter a year earlier. Against the prior quarter it is up 31.4%.

EBITDA

Not reported for Q1 2026.

Cash & Balance Sheet

Cash & Debt

$4.6B

YoY+2.3%

QoQ-13.5%

5Y CAGR-1.1%

Toronto Dominion Bank held $4.6B in cash as of Q1 2026; no long-term debt figure is on record for that period.

Shares Outstanding

Diluted avg 1.68B

Toronto Dominion Bank had a weighted average of 1.68B diluted shares in Q1 2026; the shares outstanding count is not reported for that period.

Free Cash Flow

Not reported for Q1 2026.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Net Margin

24.4%

YoY+4.5pp

QoQ+3.2pp

5Y change-5.9pp

Toronto Dominion Bank's net profit margin was 24.4% in Q1 2026, showing the share of revenue converted to profit. This is up 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.

Return on Equity

3.2%

YoY+0.9pp

QoQ+0.6pp

5Y change-0.2pp

Toronto Dominion Bank's quarterly ROE was 3.2% in Q1 2026: one quarter's net income over shareholder equity, not annualized. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.

Gross Margin

Not reported for Q1 2026.

Operating Margin

Not reported for Q1 2026.

Capital Allocation

None of these metrics is reported for Q1 2026.

TD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TD quarterly income statement

Metric	TTM	FY2540-F	FY2440-F	FY2340-F	FY2240-F	FY2140-F	FY2040-F	FY1940-F	FY1840-F	FY1740-F	FY1640-F
Revenue	$51.0B	$48.4B+17.8%	$41.1B+12.4%	$36.5B+1.6%	$35.9B+4.4%	$34.4B+5.2%	$32.7B+4.8%	$31.2B+5.5%	$29.6B+5.5%	$28.1B+9.7%	$25.6B
Interest Expense	$37.3B	$38.9B-13.7%	$45.1B+23.5%	$36.6B+264.5%	$10.0B+128.1%	$4.4B-48.3%	$8.5B-38.3%	$13.8B+27.6%	$10.8B+55.0%	$7.0B+40.7%	$5.0B
Income Tax	$2.8B	$2.4B+26.1%	$1.9B-14.1%	$2.2B-23.1%	$2.9B+0.1%	$2.9B+238.0%	$864.1M-58.5%	$2.1B-14.1%	$2.4B+38.7%	$1.7B+9.3%	$1.6B
Net Income	$15.8B	$14.7B+131.1%	$6.3B-17.2%	$7.7B-40.0%	$12.8B+10.8%	$11.5B+29.3%	$8.9B+0.4%	$8.9B+3.0%	$8.6B+5.8%	$8.2B+22.3%	$6.7B
EPS (Basic)	N/A	$8.26+143.4%	$3.39-14.8%	$3.98-42.7%	$6.95+11.5%	$6.24+29.3%	$4.82+1.3%	$4.76+3.9%	$4.59+7.3%	$4.27+22.4%	$3.49
EPS (Diluted)	$8.95	$8.25+143.7%	$3.39-14.9%	$3.98-42.7%	$6.94+11.5%	$6.23+29.1%	$4.82+1.4%	$4.75+3.9%	$4.58+7.3%	$4.27+22.4%	$3.48
Diluted Shares (Avg)	N/A	1.73B-1.8%	1.76B-3.5%	1.82B+0.6%	1.81B-0.4%	1.82B+0.6%	1.81B-1.0%	1.83B-0.7%	1.84B-0.8%	1.85B-0.1%	1.86B

Metric	Q1'266-K	Q4'2540-F	Q3'256-K	Q2'256-K	Q1'256-K	Q4'2440-F	Q3'246-K	Q2'246-K
Revenue	$12.2B+25.9%	$11.1B-0.6%	$11.0B+7.6%	$16.6B+65.3%	$9.7B-5.2%	$11.1B+17.2%	$10.3B+4.6%	$10.1B+9.9%
Interest Expense	$8.8B-15.4%	$9.2B-19.1%	$9.5B-18.8%	$9.7B-13.7%	$10.4B-9.4%	$11.4B+5.9%	$11.8B+13.3%	$11.3B+28.9%
Income Tax	$832.0M+72.4%	$586.7M+53.2%	$653.7M+13.7%	$713.4M+34.5%	$482.7M+1.9%	$383.1M-13.7%	$575.1M+7.5%	$530.3M-16.3%
Net Income	$3.0B+54.4%	$2.3B-10.2%	$2.4Bn/m	$8.1B+332.2%	$1.9B-8.5%	$2.6B+26.3%	-$131.1M-106.0%	$1.9B-23.5%
EPS (Basic)	$1.73+61.7%	$1.31-6.6%	$1.37n/m	$4.55+363.2%	$1.07-7.4%	$1.41+31.0%	-$0.10-108.7%	$0.98-21.3%
EPS (Diluted)	$1.73+61.0%	$1.31-6.6%	$1.37n/m	$4.54+362.4%	$1.07-7.4%	$1.41+31.0%	-$0.10-108.7%	$0.98-21.3%
Diluted Shares (Avg)	1.68B-3.8%	N/A	1.72B-1.7%	1.74B-1.3%	1.75B-1.5%	N/A	1.75B-4.8%	1.76B-3.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.

TD Balance Sheet

TD quarterly balance sheet

Metric	FY2540-F	FY2440-F	FY2340-F	FY2240-F	FY2140-F	FY2040-F	FY1940-F	FY1840-F	FY1740-F	FY1640-F
Total Assets	$1.5T+1.1%	$1.5T+5.0%	$1.4T+0.2%	$1.4T+0.8%	$1.4T+8.3%	$1.3T+19.5%	$1.1T+5.9%	$1.0T+2.5%	$991.9B+13.0%	$878.1B
Cash & Equivalents	$5.4B+16.1%	$4.6B-4.6%	$4.8B-22.8%	$6.3B+31.1%	$4.8B-1.0%	$4.8B+30.7%	$3.7B+2.6%	$3.6B+17.1%	$3.1B+5.7%	$2.9B
Goodwill	$13.5B+0.2%	$13.5B+0.9%	$13.4B+3.5%	$12.9B-1.1%	$13.1B+1.8%	$12.9B-0.4%	$12.9B+2.5%	$12.6B+0.5%	$12.5B+0.8%	$12.4B
Total Liabilities	$1.4T+0.5%	$1.4T+5.2%	$1.3T+0.3%	$1.3T+0.8%	$1.3T+8.1%	$1.2T+20.3%	$1.0T+5.7%	$955.8B+2.4%	$933.6B+13.5%	$822.8B
Total Equity	$91.2B+10.4%	$82.6B+2.3%	$80.8B-1.1%	$81.7B+1.4%	$80.5B+12.4%	$71.6B+7.4%	$66.7B+10.8%	$60.2B+4.6%	$57.6B+3.9%	$55.4B
Retained Earnings	$55.9B+10.0%	$50.8B-3.4%	$52.6B-2.6%	$54.0B+4.8%	$51.6B+27.7%	$40.4B+7.3%	$37.7B+7.1%	$35.1B+11.9%	$31.4B	N/A

Metric	Q1'266-K	Q4'2540-F	Q3'256-K	Q2'256-K	Q1'256-K	Q4'2440-F	Q3'246-K	Q2'246-K
Total Assets	$1.5T+6.9%	$1.5T+1.1%	$1.5T+3.2%	$1.5T+4.5%	$1.4T+1.4%	$1.5T+5.0%	$1.4T-0.6%	$1.4T+0.6%
Cash & Equivalents	$4.6B+2.3%	$5.4B+16.1%	$4.0B-24.1%	$4.0B-13.2%	$4.5B-4.2%	$4.6B-4.6%	$5.2B-6.9%	$4.6B-9.5%
Goodwill	$13.6B+0.6%	$13.5B+0.2%	$13.6B+0.1%	$13.5B-0.2%	$13.5B+0.1%	$13.5B+0.9%	$13.5B+0.1%	$13.6B+1.1%
Total Liabilities	$1.5T+6.6%	$1.4T+0.5%	$1.4T+2.6%	$1.4T+4.1%	$1.4T+1.6%	$1.4T+5.2%	$1.3T-0.3%	$1.3T+1.0%
Total Equity	$92.6B+12.6%	$91.2B+10.4%	$90.6B+12.1%	$91.3B+12.1%	$82.3B-2.0%	$82.6B+2.3%	$80.8B-5.6%	$81.5B-4.9%
Retained Earnings	$57.7B+16.4%	$55.9B+10.0%	$56.9B+13.3%	$57.0B+8.9%	$49.6B-8.2%	$50.8B-3.4%	$50.2B-11.5%	$52.3B-5.3%

Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

TD Cash Flow Statement

TD quarterly cash flow statement

Metric	TTM	FY2540-F	FY2440-F	FY2340-F	FY2240-F	FY2140-F	FY2040-F	FY1940-F	FY1840-F	FY1740-F	FY1640-F
Operating Cash Flow	-$4.6B	-$49.7B-226.1%	$39.4Bn/m	-$47.1B-264.8%	$28.6B-29.4%	$40.4B-76.5%	$172.2B+27173.4%	$631.5M-85.4%	$4.3B-78.6%	$20.3B-27.4%	$27.9B
Investing Cash Flow	$18.0B	$61.5Bn/m	-$32.6B-159.3%	$54.9Bn/m	-$23.4Bn/m	-$36.5Bn/m	-$167.5B-4550.6%	$3.8B+219.0%	$1.2Bn/m	-$14.7Bn/m	-$27.2B
Financing Cash Flow	-$13.4B	-$11.1Bn/m	-$7.0Bn/m	-$9.3Bn/m	-$3.5Bn/m	-$4.1Bn/m	-$3.6Bn/m	-$4.3Bn/m	-$5.0Bn/m	-$5.5Bn/m	-$184.3M
Dividends Paid	$4.3B	$5.5B+6.5%	$5.1B+22.4%	$4.2B-14.1%	$4.9B+9.1%	$4.5B+63.2%	$2.7B-30.0%	$3.9B+11.2%	$3.5B+8.1%	$3.3B+14.9%	$2.8B

Metric	Q1'266-K	Q4'2540-F	Q3'256-K	Q2'256-K	Q1'256-K	Q4'2440-F	Q3'246-K	Q2'246-K
Operating Cash Flow	$9.3Bn/m	-$6.7B-111.8%	-$15.7Bn/m	$8.5B+121.3%	-$34.8Bn/m	$57.2B+446.5%	-$7.2Bn/m	$3.8Bn/m
Investing Cash Flow	-$8.1B-123.4%	$10.7Bn/m	$18.9B+74.7%	-$3.5Bn/m	$34.5B+97.1%	-$57.5Bn/m	$10.8B-60.1%	-$2.7B-106.7%
Financing Cash Flow	-$2.0B-1086.5%	-$2.6Bn/m	-$3.2Bn/m	-$5.6Bn/m	$199.2Mn/m	-$298.4Mn/m	-$2.9Bn/m	-$1.3Bn/m
Dividends Paid	$104.0M-91.6%	$1.4B+6.3%	$1.4B+9.4%	$1.5B+8.3%	$1.2B-4.9%	$1.3B+2.4%	$1.2B-43.7%	$1.3Bn/m

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.

TD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TD quarterly financial ratios

Metric	FY2540-F	FY2440-F	FY2340-F	FY2240-F	FY2140-F	FY2040-F	FY1940-F	FY1840-F	FY1740-F	FY1640-F
Net Margin	30.3%+14.8pp	15.4%-5.5pp	21.0%-14.6pp	35.5%+2.1pp	33.5%+6.2pp	27.3%-1.2pp	28.5%-0.7pp	29.1%+0.1pp	29.0%+3.0pp	26.0%
Return on Equity	16.1%+8.4pp	7.7%-1.8pp	9.5%-6.2pp	15.7%+1.3pp	14.3%+1.9pp	12.5%-0.9pp	13.3%-1.0pp	14.3%+0.2pp	14.2%+2.1pp	12.0%
Return on Assets	1.0%+0.5pp	0.4%-0.1pp	0.5%-0.4pp	0.9%+0.1pp	0.8%+0.1pp	0.7%-0.1pp	0.8%0.0pp	0.9%0.0pp	0.8%+0.1pp	0.8%
Liabilities-to-Equity	15.39-1.5x	16.90+0.5x	16.45+0.2x	16.22-0.1x	16.32-0.6x	16.97+1.8x	15.14-0.7x	15.87-0.3x	16.22+1.4x	14.86
Asset Turnover	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.020.0x	0.030.0x	0.030.0x	0.030.0x	0.030.0x	0.03

Metric	Q1'266-K	Q4'2540-F	Q3'256-K	Q2'256-K	Q1'256-K	Q4'2440-F	Q3'246-K	Q2'246-K
Net Margin	24.4%+4.5pp	21.2%-2.3pp	21.8%+23.1pp	48.5%+30.0pp	19.9%-0.7pp	23.4%+1.7pp	-1.3%-23.6pp	18.6%-8.1pp
Return on Equity	3.2%+0.9pp	2.6%-0.6pp	2.7%+2.8pp	8.8%+6.5pp	2.4%-0.2pp	3.2%+0.6pp	-0.2%-2.7pp	2.3%-0.6pp
Return on Assets	0.2%+0.1pp	0.2%0.0pp	0.2%+0.2pp	0.5%+0.4pp	0.1%0.0pp	0.2%0.0pp	0.0%-0.2pp	0.1%0.0pp
Liabilities-to-Equity	15.71-0.9x	15.39-1.5x	15.23-1.4x	15.37-1.2x	16.59+0.6x	16.90+0.5x	16.63+0.9x	16.56+1.0x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Toronto Dominion Bank TD	FY2025	$48.4B	$14.7B	30.3%	$203.6B	41/100
UBS Group AG UBS	FY2025	$49.6B	$7.8B	15.7%	$146.7B	31/100
Banco Santander S.A. SAN	FY2025	N/A	$16.5B	N/A	$192.1B	—
Citigroup Inc. C	FY2025	$85.2B	$14.3B	16.8%	$207.7B	31/100
Sumitomo Mitsui Financial Group, Inc. SMFG	FY2025	N/A	$3.2B	N/A	$153.8B	—
Mitsubishi UFJ Financial Group, Inc. MUFG	FY2026	$43.6B	$10.9B	24.9%	$245.0B	32/100

Where Toronto Dominion Bank Ranks

Frequently Asked Questions

What is Toronto Dominion Bank's annual revenue?

Toronto Dominion Bank (TD) reported $48.4B in total revenue for fiscal year 2025. This represents a 17.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Toronto Dominion Bank's revenue growing?

Toronto Dominion Bank (TD) revenue grew by 17.8% year-over-year, from $41.1B to $48.4B in fiscal year 2025.

Is Toronto Dominion Bank profitable?

Yes, Toronto Dominion Bank (TD) reported a net income of $15.8B over the trailing 12 months to January 31, 2026. In fiscal year 2025 it reported a net income of $14.7B, with a net profit margin of 30.3%.

What is Toronto Dominion Bank's net profit margin?

Toronto Dominion Bank (TD) had a net profit margin of 30.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Toronto Dominion Bank's return on equity (ROE)?

Toronto Dominion Bank (TD) has a return on equity of 16.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Toronto Dominion Bank's operating cash flow?

Toronto Dominion Bank (TD) recorded an outflow of $49.7B in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Toronto Dominion Bank's total assets?

Toronto Dominion Bank (TD) had $1.5T in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Toronto Dominion Bank have outstanding?

Toronto Dominion Bank (TD) had 1.69B shares outstanding as of fiscal year 2025.

What is Toronto Dominion Bank's liabilities-to-equity ratio?

Toronto Dominion Bank (TD) had a liabilities-to-equity ratio of 15.39 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

What is Toronto Dominion Bank's return on assets (ROA)?

Toronto Dominion Bank (TD) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Toronto Dominion Bank's P/E ratio?

Toronto Dominion Bank (TD) trades at 12.9x earnings, its market capitalization divided by $15.8B net income, trailing 12 months to January 31, 2026. The market capitalization is $203.6B as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Toronto Dominion Bank's price-to-sales ratio?

Toronto Dominion Bank (TD) trades at 4.0x sales, its market capitalization divided by $51.0B revenue, trailing 12 months to January 31, 2026. The market capitalization is $203.6B as of Oct 21, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Toronto Dominion Bank's Piotroski F-Score?

Toronto Dominion Bank (TD) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

How financially healthy is Toronto Dominion Bank?

Toronto Dominion Bank (TD) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is the average of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For Toronto Dominion Bank it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.