The Globe and Mail reports in its Tuesday edition that TD Bank is starting to look expensive. The Globe's David Berman writes that according to Bloomberg, TD trades at nearly 14.2 times trailing 12-month profit -- the highest price-to-earnings ratio among the Big Six and well above the sector's average of 13.1. The shares also trade at a premium based on a number of profit estimates from analysts. For RBC Dominion Securities, TD shares trade at 12.4 times their estimated 2017 earnings, versus an average of just 11.6 times earnings for the Big Six. Estimates from CIBC World Markets show a similar valuation. In terms of share-price performance over the past 10 years, TD is in a class of its own: The share price (excluding dividends) has risen 90 per cent, or 26 percentage points above RBC and more than double the pace of either Scotia or Bank of Montreal. Now investors are wondering if TD is still capable of living up to such expectations. In 2016, TD's share price surged 22.1 per cent, but it trailed five of its peers, besting only CIBC. The lagging performance suggested that investors saw better deals elsewhere. For 2016, profit on a per-share basis rose just 5.6 per cent over 2015.