Stock Analysis on Net

Target Corp. (NYSE:TGT)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Target Corp., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Target Corp. Annual Report.

Share Price Trend
The share price exhibited notable volatility over the observed period. Beginning at $49.75 in 2005, it peaked around $59.58 in 2007 before experiencing a sharp decline to $29.97 in 2009, coinciding with the global financial crisis period. Post-2009, the share price showed a recovery, reaching a significant high of $216 in 2022. However, after this peak, the price declined to $107.28 in 2025, indicating correction or a downward trend following the earlier surge.
Book Value Per Share (BVPS)
The BVPS demonstrated a steady upward trend across the entire period, increasing from $14.71 in 2005 to $32.19 in 2025. Although there were minor fluctuations, the general trajectory was positive, signifying consistent growth in the company's net asset value per share over time. This gradual increase may imply effective capital management and asset accumulation.
Price-to-Book Value (P/BV) Ratio
The P/BV ratio fluctuated substantially during the period. It started at a high of 3.38 in 2005, declined to a low of 1.65 in 2009, reflecting the significant drop in share price during economic downturns. From 2009 onwards, the ratio generally increased, culminating in a peak of 7.79 in 2022. This suggests that the market valuation of the company’s shares became increasingly higher relative to its book value, potentially indicating heightened investor optimism or overvaluation during this period. The ratio then decreased sharply to 3.33 by 2025, aligning with the share price correction noted previously.
Combined Interpretation
Overall, the data reflects a company that has grown its underlying net assets steadily while experiencing considerable fluctuations in market valuation. The divergence and convergence between the share price and BVPS suggest periods of market volatility and shifting investor sentiment. Sharp increases in the P/BV ratio in the later years imply phases of elevated market expectations, which later normalized. The trends suggest cautious investor behavior tied closely to external economic conditions and internal growth fundamentals.

Comparison to Competitors


Comparison to Sector (Consumer Staples Distribution & Retail)

Target Corp., P/BV, long-term trends, comparison to sector (consumer staples distribution & retail)

Microsoft Excel

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).


Comparison to Industry (Consumer Staples)