Stock Analysis on Net

TJX Cos. Inc. (NYSE:TJX)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

TJX Cos. Inc., historical price multiples (quarterly data)

Microsoft Excel
Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018
Price to earnings (P/E) 24.63 24.43 25.52 23.28 25.22 27.24 21.73 22.68 22.20 31.03 35.26 53.90 881.78 103.90 92.86 38.61 17.13 22.88 21.70 20.04 21.11
Price to operating profit (P/OP) 19.01 18.86 19.79 17.90 18.15 19.26 15.06 14.90 15.32 18.99 21.99 30.54 137.02 74.61 60.02 30.12 12.69 16.79 15.73 14.53 15.31
Price to sales (P/S) 2.03 1.92 1.98 1.76 1.77 1.88 1.47 1.52 1.50 1.81 2.05 2.15 2.48 2.33 1.96 1.77 1.34 1.76 1.66 1.54 1.66
Price to book value (P/BV) 15.09 14.69 15.38 13.78 13.86 16.35 13.53 13.52 12.14 12.85 13.82 13.27 13.68 13.99 14.17 13.72 9.42 12.92 12.53 11.88 12.79 11.07 13.06 10.74

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. TJX Cos. Inc. P/E ratio decreased from Q2 2024 to Q3 2024 but then slightly increased from Q3 2024 to Q4 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. TJX Cos. Inc. P/OP ratio decreased from Q2 2024 to Q3 2024 but then slightly increased from Q3 2024 to Q4 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. TJX Cos. Inc. P/S ratio decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. TJX Cos. Inc. P/BV ratio decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 not reaching Q2 2024 level.

Price to Earnings (P/E)

TJX Cos. Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018
No. shares of common stock outstanding1 1,132,973,879 1,139,676,816 1,144,080,554 1,149,238,467 1,152,568,938 1,155,504,149 1,161,052,961 1,171,635,933 1,175,228,119 1,192,878,394 1,202,539,197 1,206,487,186 1,205,970,255 1,200,631,186 1,199,061,133 1,197,877,094 1,197,698,188 1,203,183,703 1,208,932,667 1,212,667,546 1,214,588,500 1,233,145,248 1,241,533,412 1,250,405,376
Selected Financial Data (US$)
Net income (loss) (in millions) 1,403 1,191 989 891 1,038 1,063 809 587 940 1,023 786 534 326 867 (214) (887) 985 828 759 700 842 762 740 716
Earnings per share (EPS)2 3.95 3.61 3.48 3.31 3.03 2.94 2.89 2.85 2.79 2.24 2.09 1.25 0.08 0.62 0.59 1.41 2.73 2.60 2.53 2.51 2.52 0.00 0.00 0.00
Share price1, 3 97.28 88.10 88.82 77.00 76.55 80.16 62.89 64.59 62.00 69.40 73.64 67.54 66.15 64.88 55.09 54.30 46.80 59.50 54.97 50.29 53.17 47.17 54.99 45.21
Valuation Ratio
P/E ratio4 24.63 24.43 25.52 23.28 25.22 27.24 21.73 22.68 22.20 31.03 35.26 53.90 881.78 103.90 92.86 38.61 17.13 22.88 21.70 20.04 21.11
Benchmarks
P/E Ratio, Competitors5
Amazon.com Inc. 58.66 65.74 110.16 251.97 93.17 118.45 59.05 48.08 65.12 57.25 65.00 78.20 87.67 120.27 107.95 86.30
Home Depot Inc. 24.80 19.35 19.99 17.71 17.09 19.37 18.61 17.91 19.94 26.76 22.50 22.81 24.51 23.56 26.04 24.24 17.38 21.68 21.33 18.61 18.87
Lowe’s Cos. Inc. 18.81 15.00 21.99 18.78 17.65 19.09 15.54 14.78 17.84 20.72 20.32 20.09 22.36 21.14 22.50 21.16 11.96 30.02 33.94 30.97 37.80

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
EPS = (Net income (loss)Q4 2024 + Net income (loss)Q3 2024 + Net income (loss)Q2 2024 + Net income (loss)Q1 2024) ÷ No. shares of common stock outstanding
= (1,403,000,000 + 1,191,000,000 + 989,000,000 + 891,000,000) ÷ 1,132,973,879 = 3.95

3 Closing price as at the filing date of TJX Cos. Inc. Quarterly or Annual Report.

4 Q4 2024 Calculation
P/E ratio = Share price ÷ EPS
= 97.28 ÷ 3.95 = 24.63

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. TJX Cos. Inc. P/E ratio decreased from Q2 2024 to Q3 2024 but then slightly increased from Q3 2024 to Q4 2024.

Price to Operating Profit (P/OP)

TJX Cos. Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018
No. shares of common stock outstanding1 1,132,973,879 1,139,676,816 1,144,080,554 1,149,238,467 1,152,568,938 1,155,504,149 1,161,052,961 1,171,635,933 1,175,228,119 1,192,878,394 1,202,539,197 1,206,487,186 1,205,970,255 1,200,631,186 1,199,061,133 1,197,877,094 1,197,698,188 1,203,183,703 1,208,932,667 1,212,667,546 1,214,588,500 1,233,145,248 1,241,533,412 1,250,405,376
Selected Financial Data (US$)
Operating income (loss) (in millions) 1,789 1,548 1,289 1,171 1,316 1,359 1,097 1,089 1,264 1,400 1,325 766 868 1,069 (35) (1,319) 1,329 1,125 1,024 937 1,177 1,086 996 960
Operating profit per share2 5.12 4.67 4.49 4.30 4.22 4.16 4.18 4.33 4.05 3.65 3.35 2.21 0.48 0.87 0.92 1.80 3.69 3.54 3.49 3.46 3.47 0.00 0.00 0.00
Share price1, 3 97.28 88.10 88.82 77.00 76.55 80.16 62.89 64.59 62.00 69.40 73.64 67.54 66.15 64.88 55.09 54.30 46.80 59.50 54.97 50.29 53.17 47.17 54.99 45.21
Valuation Ratio
P/OP ratio4 19.01 18.86 19.79 17.90 18.15 19.26 15.06 14.90 15.32 18.99 21.99 30.54 137.02 74.61 60.02 30.12 12.69 16.79 15.73 14.53 15.31
Benchmarks
P/OP Ratio, Competitors5
Amazon.com Inc. 48.43 50.04 81.28 81.03 86.50 81.33 89.87 64.24 64.48 60.45 56.87 62.96 72.85 76.53 93.97 80.81 68.77
Home Depot Inc. 17.32 13.63 14.08 12.53 12.16 13.73 13.22 12.76 14.22 19.12 16.06 16.20 17.25 16.72 18.45 17.14 12.33 15.22 15.18 13.28 13.51
Lowe’s Cos. Inc. 12.58 9.93 13.56 11.78 11.18 12.38 10.76 10.29 12.45 14.46 12.77 12.57 13.52 12.50 15.21 14.04 8.11 18.48 20.49 18.51 21.77

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
Operating profit per share = (Operating income (loss)Q4 2024 + Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024) ÷ No. shares of common stock outstanding
= (1,789,000,000 + 1,548,000,000 + 1,289,000,000 + 1,171,000,000) ÷ 1,132,973,879 = 5.12

3 Closing price as at the filing date of TJX Cos. Inc. Quarterly or Annual Report.

4 Q4 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 97.28 ÷ 5.12 = 19.01

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. TJX Cos. Inc. P/OP ratio decreased from Q2 2024 to Q3 2024 but then slightly increased from Q3 2024 to Q4 2024.

Price to Sales (P/S)

TJX Cos. Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018
No. shares of common stock outstanding1 1,132,973,879 1,139,676,816 1,144,080,554 1,149,238,467 1,152,568,938 1,155,504,149 1,161,052,961 1,171,635,933 1,175,228,119 1,192,878,394 1,202,539,197 1,206,487,186 1,205,970,255 1,200,631,186 1,199,061,133 1,197,877,094 1,197,698,188 1,203,183,703 1,208,932,667 1,212,667,546 1,214,588,500 1,233,145,248 1,241,533,412 1,250,405,376
Selected Financial Data (US$)
Net sales (in millions) 16,411 13,265 12,758 11,783 14,520 12,166 11,843 11,406 13,854 12,532 12,077 10,087 10,943 10,117 6,668 4,409 12,206 10,451 9,782 9,278 11,127 9,826 9,331 8,689
Sales per share2 47.85 45.91 44.78 43.78 43.33 42.64 42.75 42.56 41.31 38.26 35.94 31.34 26.65 27.82 28.13 30.76 34.83 33.78 33.10 32.62 32.09 0.00 0.00 0.00
Share price1, 3 97.28 88.10 88.82 77.00 76.55 80.16 62.89 64.59 62.00 69.40 73.64 67.54 66.15 64.88 55.09 54.30 46.80 59.50 54.97 50.29 53.17 47.17 54.99 45.21
Valuation Ratio
P/S ratio4 2.03 1.92 1.98 1.76 1.77 1.88 1.47 1.52 1.50 1.81 2.05 2.15 2.48 2.33 1.96 1.77 1.34 1.76 1.66 1.54 1.66
Benchmarks
P/S Ratio, Competitors5
Amazon.com Inc. 3.10 2.38 2.68 2.06 2.06 2.10 2.83 2.65 3.41 3.73 3.80 4.17 4.32 4.38 4.93 3.85 3.56
Home Depot Inc. 2.46 1.98 2.10 1.90 1.86 2.11 2.02 1.94 2.17 2.89 2.37 2.38 2.39 2.34 2.58 2.37 1.77 2.17 2.17 1.91 1.94
Lowe’s Cos. Inc. 1.68 1.27 1.43 1.25 1.17 1.33 1.37 1.31 1.56 1.79 1.51 1.45 1.46 1.33 1.60 1.31 0.71 1.23 1.20 1.02 1.23

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
Sales per share = (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024) ÷ No. shares of common stock outstanding
= (16,411,000,000 + 13,265,000,000 + 12,758,000,000 + 11,783,000,000) ÷ 1,132,973,879 = 47.85

3 Closing price as at the filing date of TJX Cos. Inc. Quarterly or Annual Report.

4 Q4 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 97.28 ÷ 47.85 = 2.03

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. TJX Cos. Inc. P/S ratio decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Price to Book Value (P/BV)

TJX Cos. Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018
No. shares of common stock outstanding1 1,132,973,879 1,139,676,816 1,144,080,554 1,149,238,467 1,152,568,938 1,155,504,149 1,161,052,961 1,171,635,933 1,175,228,119 1,192,878,394 1,202,539,197 1,206,487,186 1,205,970,255 1,200,631,186 1,199,061,133 1,197,877,094 1,197,698,188 1,203,183,703 1,208,932,667 1,212,667,546 1,214,588,500 1,233,145,248 1,241,533,412 1,250,405,376
Selected Financial Data (US$)
Shareholders’ equity (in millions) 7,302 6,833 6,608 6,422 6,364 5,665 5,397 5,595 6,003 6,445 6,406 6,139 5,833 5,567 4,661 4,739 5,948 5,543 5,303 5,132 5,049 5,257 5,227 5,262
Book value per share (BVPS)2 6.44 6.00 5.78 5.59 5.52 4.90 4.65 4.78 5.11 5.40 5.33 5.09 4.84 4.64 3.89 3.96 4.97 4.61 4.39 4.23 4.16 4.26 4.21 4.21
Share price1, 3 97.28 88.10 88.82 77.00 76.55 80.16 62.89 64.59 62.00 69.40 73.64 67.54 66.15 64.88 55.09 54.30 46.80 59.50 54.97 50.29 53.17 47.17 54.99 45.21
Valuation Ratio
P/BV ratio4 15.09 14.69 15.38 13.78 13.86 16.35 13.53 13.52 12.14 12.85 13.82 13.27 13.68 13.99 14.17 13.72 9.42 12.92 12.53 11.88 12.79 11.07 13.06 10.74
Benchmarks
P/BV Ratio, Competitors5
Amazon.com Inc. 8.84 7.21 8.54 7.00 7.25 7.67 10.46 9.44 11.60 14.19 14.68 16.93 17.86 18.40 21.50 17.47 16.11 15.45 18.11 19.84
Home Depot Inc. 359.76 212.51 243.07 819.13 187.12 255.09 1,325.66 412.02 165.73 192.67 95.58 191.69 144.66 114.03 127.78
Lowe’s Cos. Inc. 307.81 90.79 27.86 29.56 56.37 25.96 36.00 32.50 22.70 24.01 13.54 15.37 13.85

Based on: 10-K (reporting date: 2024-02-03), 10-Q (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= 7,302,000,000 ÷ 1,132,973,879 = 6.44

3 Closing price as at the filing date of TJX Cos. Inc. Quarterly or Annual Report.

4 Q4 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 97.28 ÷ 6.44 = 15.09

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. TJX Cos. Inc. P/BV ratio decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 not reaching Q2 2024 level.