The TJX Companies, Inc. (TJX)

NYSE: TJX · USD

$138

-1.84 (-1.3%)· Recorded snapshot

StockMarketAgent Research · Analyzed 2026-09-26

Our latest published analysis: TJX rated Reduce

The TJX Companies, Inc.'s published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$112 / share

Potential value

$134 / share

Upside to FV

-13.7%

from $138

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$145.4B
Revenue (ttm)	62.4B
Net income (ttm)	6.1B
EPS (ttm)	$5.40
Shares out	1.1B
P/E (trailing)	25.6x
P/E (forward)	24.9x
Dividend	$1.92 (1.39%)
Volume	2,937,094
Beta	0.56

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 62.4B
Net income (ttm): 6.1B
EPS (ttm): $5.40
P/E (trailing): 25.6x
P/E (forward): 24.9x
Market cap: $145.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2022-01-29	2023-01-28	2024-02-03	2025-02-01	2026-01-31	Trend
Revenue	$48.55B	$49.94B	$54.22B	$56.36B	$60.37B	+5.6%
Gross profit	$13.84B	$13.79B	$16.27B	$17.25B	$18.69B	+7.8%
Operating income	$4.52B	$4.72B	$6.05B	$6.56B	$7.30B	+12.7%
Net income	$3.28B	$3.50B	$4.47B	$4.86B	$5.49B	+13.7%
EPS (diluted)	$2.70	$2.97	$3.86	$4.26	$4.87	+15.9%
EBITDA	$5.39B	$5.61B	$7.01B	$7.66B	$8.55B	+12.2%
R&D	—	—	—	—	—	—
SG&A	$9.08B	$8.93B	$10.47B	$10.95B	$11.52B	+6.1%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Sell
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Sell
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Strong Buy
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	Sell
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	Buy
AZO	AutoZone Inc.	50.8B	20.7x	2.5x	26.3%	+6.8%	-17.3%	Hold

Base and Bull scenarios

Base60%

Price target

$112.24

-13.7% from spot

The base case represents the modal expected compounding path. Consolidated revenue grows at 4.5% to 5.5% annually, anchored by Marmaxx same-store sales growth of 3% to 4% and disciplined store expansion across Europe and Canada. Operating margins normalize around 12.0% in line with management guidance. Free cash flow conversion remains robust, supporting ongoing dividend growth and share repurchases at approximately 1% annually, aligning with our Fair value midpoint of $112.24.

Consolidated revenue growth averages 4.5%-5.5% annually, supported by 3%-4% comp store sales.
Operating margin stabilizes at 12.0%-12.1% in line with management guidance.
Terminal P/E exit multiple normalizes at 22.0x.
Capital expenditures average 2.5%-3.0% of revenue with 70% allocated to maintenance.

Bull20%

Price target

$133.51

+2.7% from spot

In the bull case, off-price retail captures accelerated market share from accelerated department store closures and competitor rationalization. HomeGoods maintains elevated comparable sales growth, while international banners achieve rapid scale and margin expansion. Top-line revenue expands at accelerated rates with operating margins reaching peak levels, driving robust earnings growth and valuation multiple expansion toward historical peaks.

Revenue growth compounds at accelerated annual rates driven by aggressive market share gains and store fleet expansion.
Consolidated operating margin expands toward peak historical levels through merchandise margin leverage and supply chain scale.
Exit valuation multiple expands toward historical peak valuation multiples on forward earnings.
Share repurchases steadily reduce diluted share count on an ongoing annual basis.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($112.24). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
7.2%	$119	$124	$130	$138	$148
7.7%	$112	$115	$120	$126	$133
8.2%	$106	$109	$112	$117	$122
8.7%	$101	$103	$106	$109	$113
9.2%	$96.0	$98.0	$100	$103	$106

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E24.9

P25 n/aP50 n/aP75 n/a

Trailing P/E24.4

P25 n/aP50 n/aP75 n/a

ROE62.2

P25 n/aP50 n/aP75 n/a

ROIC30.1

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All TJX indicators

Market & fundamental data

Available fields

291

Groups with data

Currency

USD

Showing 291 of 291 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000109198
Company name	The TJX Companies, Inc.
Country	United States
Country code	US
CUSIP number	872540109
Earnings date	2026-11-18
Earnings time	bmo
Employees	377,000
Employees change	13,000
Employees growth	3.57%
Enterprise value	$160.5B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-08-01
First seen	2026-05-09
Fiscal year end	January
Founded	1962
In index	SP500
Industry	Apparel Retail
Is primary listing	Yes
Is SPAC	No
ISIN number	US8725401090
Last 10-K release date	2026-03-31
Last earnings date	2026-08-19
Last refreshed	2026-10-28
Last stock split date	2018-11-07
Last stock split type	Forward
Market cap	$152.2B
Market cap category	Large-Cap
Next earnings date	2026-11-18
Options	Yes
Price	$138.36
Price currency	USD
Sector	Consumer Discretionary
SIC code	5651
Stock price date	2026-10-28
Symbol	TJX
U.S. state	Massachusetts
Website	https://www.tjx.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	27.02x
Average P/E ratio (10Y)	49.14x
Average P/E ratio (3Y)	27.62x
Average P/E ratio (5Y)	26.53x
Earnings yield	3.9%
EV/Earnings	26.55x
EV/EBIT	21.24x
EV/EBITDA	18.09x
EV/FCF	27.41x
EV/Sales	2.58x
FCF / EV yield	3.65%
FCF yield	3.85%
Forward EV/Sales	2.45x
Forward P/E	25.59x
Forward P/S	2.32x
Graham number	34.28934
Graham upside	-75.31%
Industry forward P/E	21.49x
Industry P/E	19.92x
Lynch fair value	$104.21
Lynch upside	-24.96%
P/(FCF - SBC) ratio	27.02x
P/(OCF - SBC) ratio	19.56x
P/B ratio	14.49x
P/E ratio	25.61x
P/FCF ratio	26x
P/OCF ratio	19.01x
P/S ratio	2.45x
PEG ratio	2.82x
Price / tangible book value	14.47x
Price/EBITDA ratio	17.16x
Sector forward P/E	24.39x
Sector P/E	30.5x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	12.16%
EBITDA margin	14.28%
Effective tax rate	24.59%
FCF margin	9.42%
Gross margin	31.47%
Operating margin	12.16%
Pretax margin	12.9%
Profit margin	9.73%
Profit per employee	$16,093
Profitable quarters	24
Profitable years	33
Revenue per employee	$165,419
ROA	13.54%
ROA (5Y)	11.86%
ROCE	31.93%
ROE	62.17%
ROE (5Y)	59.73%
ROIC	30.13%
ROIC (5Y)	30.81%
SBC / revenue	0.36%
Tax / revenue	3.17%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	22.99%
EPS growth (Q)	23.64%
EPS growth (QoQ)	14.29%
EPS growth 10Y	12.11%
EPS growth 3Y	16.53%
EPS growth 5Y	21.46%
EPS growth quarters	5
EPS growth years	5
FCF growth	45.41%
FCF growth (Q)	30%
FCF growth (QoQ)	278.34%
FCF growth 3Y	8.66%
FCF growth 5Y	4.98%
Gross profit growth	10.81%
Gross profit growth (Q)	7.14%
Gross profit growth 3Y	10.39%
Gross profit growth 5Y	9.58%
Net income growth	21.97%
Net income growth (Q)	22.29%
Net income growth (QoQ)	14.11%
Net income growth 3Y	15.08%
Net income growth 5Y	19.29%
Net income growth quarters	5
Net income growth years	5
OCF growth	35.37%
OCF growth (Q)	24.29%
OCF growth (QoQ)	98.93%
OCF growth 10Y	9.67%
OCF growth 3Y	9.23%
OCF growth 5Y	8.63%
Operating income growth	17.11%
Operating income growth (Q)	2.22%
Operating income growth 3Y	13.89%
Operating income growth 5Y	16.62%
Revenue growth	7.66%
Revenue growth (Q)	5.41%
Revenue growth (QoQ)	5.98%
Revenue growth 10Y	6.85%
Revenue growth 3Y	6.78%
Revenue growth 5Y	7.61%
Revenue growth quarters	6
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-2.2B
Depreciation and amortization	$1.3B
EBIT	$7.6B
EBITDA	$8.9B
EPS	$5.40
FCF per share	$5.34
Financing cash flow	$-4.5B
Free cash flow	$5.9B
Free cash flow minus SBC	$5.7B
Gross profit	$19.6B
Income taxes	$2B
Investing cash flow	$-2.2B
Net cash flow	$1.4B
Net income	$6.1B
Operating cash flow minus SBC	$7.8B
Operating income	$7.6B
Revenue	$62.4B
Stock-based compensation	$223M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	6.6
Book value per share	$9.67
Debt / EBITDA	1.12
Debt / equity	1.34
Debt / FCF	2.44
Goodwill	$97M
Interest coverage	101.12
Long-term assets	$21.8B
Long-term liabilities	$13.1B
Net cash (debt)	$-8.3B
Net cash / market cap	-5.44%
Net debt / EBITDA	0.93
Net debt / equity	0.78
Net debt / FCF	1.41
Piotroski F-Score	6
Property, plant and equipment	$19.7B
Shareholders' equity	$10.7B
Tangible book value	$10.6B
Tangible book value per share	$9.58
Total assets	$37.1B
Total cash	$6B
Total debt	$14.3B
Total liabilities	$26.5B
WACC	6.74%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	1.78
Current assets	$15.3B
Current liabilities	$13.4B
Current ratio	1.15
Inventory turnover	5.61
Net working capital	$-1.3B
Quick ratio	0.5
Working capital	$2B
Working capital turnover	31.66

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.1%
Dividend growth	13.03%
Dividend growth (10Y)	14.18%
Dividend growth (3Y)	13%
Dividend growth (5Y)	12.39%
Dividend growth years	5
Dividend payment date	2026-12-03
Dividend payment years	47
Dividend payout frequency	Quarterly
Dividend per share	$1.92
Dividend yield	1.39%
Ex-dividend date	2026-11-12
FCF payout ratio	35.94%
Last dividend	$0.48
Payout ratio	35.54%
Shareholder yield	2.49%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	277.84%
10Y return CAGR	15.83%
10Y total return	334.54%
150-day SMA	$149.92
15Y price change	809.36%
15Y return CAGR	17.39%
15Y total return	1,007.31%
1D price change	-1.31%
1M price change	6.3%
1M total return	6.3%
1W price change	-5.95%
1W total return	-5.95%
1Y price change	-3.5%
1Y return CAGR	-2.33%
1Y total return	-2.33%
20-day SMA	$141.33
200-day SMA	$151.35
20Y price change	1,818.81%
20Y return CAGR	17.46%
20Y total return	2,400.14%
3M price change	-11.59%
3M total return	-11.31%
3Y price change	58.56%
3Y return CAGR	18.13%
3Y total return	64.86%
50-day SMA	$135.75
50-day SMA vs 200-day SMA	50under200
52-week high	$170.00
52-week high date	2026-06-11
52-week low	$122.78
52-week low date	2026-09-16
5Y price change	114.14%
5Y return CAGR	18.15%
5Y total return	130.2%
6M price change	-12.21%
6M total return	-11.65%
All-time high	$170.00
All-time high date	2026-06-11
All-time low	$0.01
All-time low date	1974-12-09
Average true range (ATR)	$2.69
Average volume	6.4M
Beta (1Y)	0.16
Beta (2Y)	0.33
Beta (5Y)	0.56
Change from 52-week high	-18.61%
Change from 52-week low	12.69%
Change from all-time high	-18.68%
Change from all-time low	1,245,395.5%
Change from open	-0.4%
Day's gap	-0.92%
Dollar volume	$406.4M
High price	$139.65
Low price	$138.13
Monthly RSI	52.37
Open price	$138.91
Position in 52-week range	15.13%
Premarket change	-0.26%
Premarket close	$140.20
Premarket price	$139.84
Premarket volume	2.1K
Previous close	$140.20
Price vs 150-day SMA	-7.78%
Price vs 20-day SMA	-2.18%
Price vs 200-day SMA	-8.66%
Price vs 50-day SMA	1.84%
Relative volume	0.46
RSI	45.07
Sharpe ratio	-0.19
Sharpe ratio (3Y)	0.74
Sharpe ratio (5Y)	0.69
Sortino ratio	-0
Sortino ratio (3Y)	1.43
Sortino ratio (5Y)	1.29
Volume	2.9M
Weekly RSI	44.83
YTD price change	-10%
YTD total return	-9.16%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.1B
Float percentage	99.77%
Shares change (QoQ)	-0.27%
Shares change (YoY)	-1.1%
Shares held by insiders	0.12%
Shares held by institutions	94.29%
Shares outstanding	1.1B
Short % of float	1.66%
Short % of shares	1.65%
Short ratio	2 days

Deeper analysis on TJX

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this TJX report

What is the latest published TJX stock rating?

The TJX Companies, Inc. is shown with Reduce in the latest published report, analyzed 2026-09-26. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full TJX analysis?

The full latest published report, analyzed 2026-09-26, lives at /stocks/TJX/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for TJX?

The latest published report analyzed 2026-09-26 gives TJX a fair value of USD 112 and a potential value of USD 134. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the TJX page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-26). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReduceTJX · Fair value $112-13.7%

Read full analysis →

The TJX Companies, Inc. (TJX)

Our latest published analysis: TJX rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · TJX

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All TJX indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on TJX

Frequently asked questions

Rating history

Category	Score	Reading
Valuation	3.0
Management	8.5
Balance Sheet	5.0
Profitability	7.0
Revenue Growth	6.0
Risk Assessment	7.0
Competitive Moat	7.5
Earnings Quality	9.0
Capital Efficiency	7.5