Is RY or TD more undervalued in 2026?

CirclFi compares Royal Bank Of Canada (RY) and Toronto Dominion Bank (The) (TD) using 13 institutional-grade valuation models. RY has a Quality of Company score of 8.6/10 while TD scores 7.4/10.

Which is a better buy — RY or TD?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do RY and TD valuations compare?

RY at $188.89 and TD at $113.34 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

RY vs TD Valuation Comparison 2026 — Intrinsic Value Analysis

RY

Banks - Diversified

Royal Bank Of Canada

Quality

8.6

out of 10

Value Trap

SAFE

Price

$188.89

Last close

Models

12/13

Active

TD

Banks - Diversified

Toronto Dominion Bank (The)

Quality

7.4

out of 10

Value Trap

SAFE

Price

$113.34

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	RY Fair Value	RY Upside	TD Fair Value	TD Upside
Bayesian DCF	Intrinsic	$105.39	-44.2%	$4.99	-95.6%
Earnings Power Value	Intrinsic	$148.91	-21.2%	$71.07	-37.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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RY vs TD — Which Stock Is More Undervalued?

RY scores higher with a 8.6/10 quality rating vs TD's 7.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Royal Bank Of Canada (RY) and Toronto Dominion Bank (The) (TD) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

RY currently trades at $188.89 with a QOC of 8.6/10, while TD trades at $113.34 with a QOC of 7.4/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).