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  5. X: TMX share price has had a bit of a run up lately, and I think from a review of past answers must now be pretty close to the high end of its historical valuation range? [TMX Group Limited]

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Q: TMX share price has had a bit of a run up lately, and I think from a review of past answers must now be pretty close to the high end of its historical valuation range? Do you have any concerns about it getting ahead of itself at this point or do you think the fundamentals are supporting this upward momentum? Appreciate your insight as always.
Asked by Stephen R. on July 02, 2024
5i Research Answer:
X is trading at 23x Forward P/E, while historical averages are in the range of 17.3x to 23.1x....
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