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TMX Group Limited

Operates Toronto Stock Exchange, TSX Venture, Montreal Exchange, CDS clearing, Trayport and VettaFi data

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Market read · Be The Puck

What the plays and the numbers say

TMX Group (X) C$53.01 · +2.9% on the day · +5.1% in a year · close Oct 9, 2026

Where we think it’s heading

Mixed signals36 of 100 plays hold it; 5% above its 200-day average; analysts’ 12-month target +23% (7); crash exposure moderate.

Business fundamentals

Fair 58/100
Value40Growth68Quality66
Split plays, middling numbers — no edge either way.P/E 24.4×; revenue growth +16%; profit margin 33%; debt to equity 0.40×; dividend yield 1.8%.Scores 0–100 against every name Be The Puck covers; higher is better. Shown beside the call, not folded into it.
  • 36 of the 100 plays hold X right now.
  • The breakout, volume and calendar plays mostly say out.
  • It closed 5% above its 200-day average and 4% below its 52-week high.
  • Crash exposure reads moderate: it operating profit covers interest only 1.5×.
  • Analysts' average 12-month target is C$65.43, 23% above the close (7 analysts).
Plays in36
Crash exposureModerate3 of 10 on the storm test
Mayer Multiple1.05×Price ÷ its 200-day average (+5%). Higher than on 48% of days since 2005. Above 2.4 is Mayer's overheated zone.

Full analysis on Be The Puck ↗Stock brief (members) ↗Test a theory on it ↗

Analysis by Be The Puck: published trading rules and public data, rebuilt after each close. Education, not financial advice.

XTMX Group Limited

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Why it matters in Toronto

The market infrastructure the whole Bay Street cluster sits on

Source: TMX Group companies

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