As of 2025-12-05, the Relative Valuation of TMX Group Ltd (X.TO) is 36.40 CAD. This relative valuation is based on P/E multiples. With the latest stock price at 51.30 CAD, the upside of TMX Group Ltd based on Relative Valuation is -29.0%.
The range of the Relative Valuation is 24.50 - 44.96 CAD.
| Range | Selected | |
| Trailing P/E multiples | 25.7x - 27.2x | 27.0x |
| Forward P/E multiples | 21.0x - 28.0x | 24.2x |
| Fair Price | 24.50 - 44.96 | 36.40 |
| Upside | -52.2% - -12.4% | -29.0% |
| Date | P/E |
| 2025-12-01 | 30.85 |
| 2025-11-28 | 31.03 |
| 2025-11-27 | 31.00 |
| 2025-11-26 | 31.14 |
| 2025-11-25 | 31.23 |
| 2025-11-24 | 31.51 |
| 2025-11-21 | 30.94 |
| 2025-11-20 | 31.19 |
| 2025-11-19 | 31.28 |
| 2025-11-18 | 31.16 |
| 2025-11-17 | 31.46 |
| 2025-11-14 | 31.63 |
| 2025-11-13 | 31.16 |
| 2025-11-12 | 31.83 |
| 2025-11-11 | 30.58 |
| 2025-11-10 | 30.43 |
| 2025-11-07 | 30.44 |
| 2025-11-06 | 30.25 |
| 2025-11-05 | 31.18 |
| 2025-11-04 | 31.28 |
| 2025-11-03 | 31.29 |
| 2025-10-31 | 31.29 |
| 2025-10-30 | 30.20 |
| 2025-10-29 | 30.16 |
| 2025-10-28 | 31.32 |
| 2025-10-27 | 30.15 |
| 2025-10-24 | 30.58 |
| 2025-10-23 | 30.00 |
| 2025-10-22 | 29.85 |
| 2025-10-21 | 29.80 |
| 2025-10-20 | 30.07 |
| 2025-10-17 | 30.24 |
| 2025-10-16 | 30.47 |
| 2025-10-15 | 30.89 |
| 2025-10-14 | 30.73 |
| 2025-10-10 | 30.97 |
| 2025-10-09 | 31.08 |
| 2025-10-08 | 31.15 |
| 2025-10-07 | 31.35 |
| 2025-10-06 | 31.57 |
| 2025-10-03 | 32.19 |
| 2025-10-02 | 31.94 |
| 2025-10-01 | 32.11 |
| 2025-09-30 | 32.21 |
| 2025-09-29 | 31.75 |
| 2025-09-26 | 31.61 |
| 2025-09-25 | 31.75 |
| 2025-09-24 | 32.11 |
| 2025-09-23 | 32.41 |
| 2025-09-22 | 32.45 |