Seek Returns

MFG vs. TD: Mizuho Financial vs. Toronto-Dominion Bank Stock Comparison

How do Mizuho Financial (MFG) and Toronto-Dominion Bank (TD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Mizuho Financial (MFG) and Toronto-Dominion Bank (TD) are both classified in the Diversified Banks sub-industry within the broader Banks industry, placing them in the closest GICS peer bucket.

Toronto-Dominion Bank (TD) trades as ordinary local shares, while Mizuho Financial (MFG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
Profile ItemMFGTD
NameMizuho Financial Group, Inc. American Depositary ReceiptsToronto-Dominion Bank
Country/RegionJapanCanada
GICS SectorFinancialsFinancials
GICS Industry GroupBanksBanks
GICS IndustryBanksBanks
GICS Sub-IndustryDiversified BanksDiversified Banks
Market Capitalization113.48 billion USD199.88 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 8, 2006August 30, 1996
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

MFG
TD
GSPC
Loading price history…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
MetricMFGTD
Total Return (1Y)46.98%57.20%
Total Return (3Y, Annualized)47.92%32.99%
Total Return (5Y, Annualized)30.77%15.46%

Risk Profile

Drawdown History

MFG
TD
GSPC
Loading price history…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
MetricMFGTD
Volatility (1Y, Annualized)33.78%19.05%
Beta (5Y)0.580.72
Max Drawdown (5Y)-28.34%-31.16%
Avg. Volume (3M)3.45M1.81M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
MFG and TD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
MetricMFGTD
Sharpe Ratio (1Y)1.262.78
Sortino Ratio (1Y)1.924.15

Profitability

ROE (TTM)

Both Mizuho Financial (MFG) at 12.49% and Toronto-Dominion Bank (TD) at 12.83% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

MFG

Banks industry group

12.49%

Max
19.84%
Q3
13.67%
MFG
12.49%
Median
11.49%
Q1
9.50%
Min
3.64%

TD

Banks industry group

12.83%

Max
19.84%
Q3
13.67%
TD
12.83%
Median
11.49%
Q1
9.50%
Min
3.64%
Loading chart…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD): A comparison of their ROE against the Banks industry group benchmark.

Net Margin (TTM)

Mizuho Financial (MFG) at 29.14% keeps about the industry-typical share of revenue as profit, while Toronto-Dominion Bank (TD) at 26.62% retains only a bottom-quartile share.

MFG

Banks industry group

29.14%

Max
47.19%
Q3
35.25%
Median
31.21%
MFG
29.14%
Q1
27.11%
Min
14.93%

TD

Banks industry group

26.62%

Max
47.19%
Q3
35.25%
Median
31.21%
Q1
27.11%
TD
26.62%
Min
14.93%
Loading chart…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD): A comparison of their net margin against the Banks industry group benchmark.

Operating Margin (TTM)

Neither side reports a meaningful operating margin: for Mizuho Financial (MFG) in Banks and Toronto-Dominion Bank (TD) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Profitability metrics for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
MetricMFGTD
ROE (TTM)12.49%12.83%
ROA (TTM)0.48%0.78%
Net Margin (TTM)29.14%26.62%
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Both Mizuho Financial (MFG) at 15.82% and Toronto-Dominion Bank (TD) at 8.93% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Loading chart…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Toronto-Dominion Bank (TD) at 144.92% is the standout with EPS growth above its industry range; Mizuho Financial (MFG) at 43.61% also sits in the top quartile.

Loading chart…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
MetricMFGTD
Revenue Growth (YoY)15.82%8.93%
Revenue Growth (3Y CAGR)16.50%10.22%
EPS Growth (YoY)43.61%144.92%
EPS Growth (3Y CAGR)31.89%6.87%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Mizuho Financial (MFG) in Banks and Toronto-Dominion Bank (TD) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Mizuho Financial (MFG) in Banks and Toronto-Dominion Bank (TD) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
MetricMFGTD
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Toronto-Dominion Bank (TD) at 3.52% earns its spot in the top quartile of its industry’s yields; Mizuho Financial (MFG) at 1,544.20% is past the top of its own peer range — territory where a dividend-safety check matters more than the headline number.

MFG

Banks industry group

1,544.20%

MFG
1,544.20%
Max
5.79%
Q3
3.18%
Median
2.39%
Q1
1.20%
Min
0.00%

TD

Banks industry group

3.52%

Max
5.79%
TD
3.52%
Q3
3.18%
Median
2.39%
Q1
1.20%
Min
0.00%
Loading chart…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD): A comparison of their dividend yield against the Banks industry group benchmark.

Dividend Payout Ratio (TTM)

Mizuho Financial (MFG) at 24.88% pays out a band-typical share of earnings, while Toronto-Dominion Bank (TD) at 46.36% distributes more than its industry norm — less retained, thinner cover.

MFG

Banks industry group

24.88%

Max
70.75%
Q3
41.28%
Median
29.26%
MFG
24.88%
Q1
18.98%
Min
0.00%

TD

Banks industry group

46.36%

Max
70.75%
TD
46.36%
Q3
41.28%
Median
29.26%
Q1
18.98%
Min
0.00%
Loading chart…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD): A comparison of their payout ratio against the Banks industry group benchmark.

Dividend Metrics

Dividend metrics for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
MetricMFGTD
Dividend Yield (TTM)1,544.20%3.52%
Dividend Payout Ratio (TTM)24.88%46.36%

Valuation

P/E Ratio (TTM)

Mizuho Financial (MFG) at 12.88 is near its industry’s usual P/E ratio, while Toronto-Dominion Bank (TD) at 18.16 sits in the richer quartile — TD needs stronger growth or earnings quality to justify the premium.

MFG

Banks industry group

12.88

Max
18.16
Q3
13.75
MFG
12.88
Median
11.81
Q1
10.64
Min
6.49

TD

Banks industry group

18.16

TD
18.16
Max
18.16
Q3
13.75
Median
11.81
Q1
10.64
Min
6.49
Loading chart…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD): A comparison of their P/E ratio against the Banks industry group benchmark.

P/S Ratio (TTM)

P/S ratio is set aside for both Mizuho Financial (MFG) in Banks and Toronto-Dominion Bank (TD) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.

P/B Ratio (MRQ)

Mizuho Financial (MFG) at 1.57 is valued about in line with its industry on P/B ratio, while Toronto-Dominion Bank (TD) at 2.27 carries an above-peer premium to book — TD is pricier on assets.

MFG

Banks industry group

1.57

Max
2.28
Q3
1.58
MFG
1.57
Median
1.32
Q1
1.10
Min
0.59

TD

Banks industry group

2.27

Max
2.28
TD
2.27
Q3
1.58
Median
1.32
Q1
1.10
Min
0.59
Loading chart…
Mizuho Financial (MFG) vs. Toronto-Dominion Bank (TD): A comparison of their P/B ratio against the Banks industry group benchmark.

Valuation Metrics

Valuation metrics for Mizuho Financial (MFG) and Toronto-Dominion Bank (TD)
MetricMFGTD
P/E Ratio (TTM)12.8818.16
P/S Ratio (TTM)----
P/B Ratio (MRQ)1.572.27
Free Cash Flow Yield (TTM)----