RE: TD has lowest PE ratioCapt, when did the market not lie. When the stock was trading at $35 a couple of years ago or now when its trading at $66? More seriously, sometimes markets are ahead of the curve and sometimes behind. Whenever the market gets a positive surprise and stock price goes up, the market has been wrong and vice versa. Didn't our fearless leader win some sort award just a couple of years ago for CEO of the year? Not that I think that this is a reliable indicator.