Stock Analysis on Net
Stock Analysis on Net

Target Corp. (NYSE:TGT)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

Historical Valuation Ratios (Summary)

Target Corp., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015
Price to earnings (P/E) 20.39 23.56 21.44 22.08 16.12 19.66 17.35 13.68 13.56 11.50 14.71 12.87 12.97 11.87 11.12 10.98 11.11 13.17 12.54 12.15 14.61
Price to operating profit (P/OP) 13.62 15.26 15.20 15.33 11.35 13.94 12.44 9.80 9.69 8.99 10.87 9.16 8.83 6.98 6.57 6.33 6.12 7.61 7.36 7.18 8.88
Price to sales (P/S) 0.96 1.03 0.90 0.77 0.69 0.83 0.72 0.55 0.53 0.50 0.62 0.53 0.53 0.45 0.44 0.44 0.44 0.63 0.58 0.56 0.67
Price to book value (P/BV) 6.17 6.76 6.00 5.48 4.47 5.53 4.62 3.71 3.52 3.36 4.08 3.43 3.25 2.82 2.78 2.78 2.78 3.98 3.56 3.25 3.79 3.40 3.33 3.61

Based on: 10-K (filing date: 2021-03-10), 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28).

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. Target Corp.’s P/E ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.
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. Target Corp.’s P/OP ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.
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. Target Corp.’s P/S ratio increased from Q2 2021 to Q3 2021 but then slightly decreased from Q3 2021 to Q4 2021 not reaching Q2 2021 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Target Corp.’s P/BV ratio increased from Q2 2021 to Q3 2021 but then slightly decreased from Q3 2021 to Q4 2021 not reaching Q2 2021 level.

Price to Earnings (P/E)

Target Corp., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015
No. shares of common stock outstanding1 498,616,180 500,773,141 500,617,844 500,015,480 500,961,951 506,737,121 510,928,517 512,334,476 516,333,213 521,833,603 526,350,987 533,134,856 538,796,010 543,572,649 546,231,798 551,708,283 552,675,341 561,695,464 574,864,718 589,274,533 599,982,121 616,051,610 628,430,247 638,491,711
Selected Financial Data (US$)
Net earnings (in millions) 1,380  1,014  1,690  284  834  714  938  795  798  622  799  718  1,101  480  672  681  817  608  680  632  1,426  549  753  635 
Earnings per share (EPS)2 8.76 7.63 7.04 5.54 6.55 6.40 6.17 5.88 5.69 6.21 5.89 5.57 5.45 4.88 5.09 5.05 4.95 5.96 5.72 5.70 5.61 0.00 0.00 0.00
Share price1, 3 178.58 179.82 150.85 122.33 105.58 125.90 107.04 80.45 77.12 71.38 86.60 71.70 70.65 57.88 56.56 55.46 55.02 78.48 71.73 69.28 81.87 73.16 73.94 80.05
Valuation Ratio
P/E ratio4 20.39 23.56 21.44 22.08 16.12 19.66 17.35 13.68 13.56 11.50 14.71 12.87 12.97 11.87 11.12 10.98 11.11 13.17 12.54 12.15 14.61
Benchmarks
P/E Ratio, Competitors5
Amazon.com Inc. 65.00 78.20 87.67 120.27 107.96 86.29 76.96 79.46 80.00 79.30 90.24 141.25 193.77 228.24 275.45 254.95 171.23 166.53
Costco Wholesale Corp. 32.99 37.85 40.02 36.98 32.71 34.68 35.76 30.65 30.15 26.63 30.51 29.51 27.50 29.57 25.70 31.20 30.52 29.18 27.99 28.58 29.10 29.37
Dollar General Corp. 16.92 20.63 21.44 23.43 21.04 23.78 24.63 20.38 19.18 15.05 16.15 14.41 15.73 20.43 16.20 17.35 15.28 16.73 17.30 20.69 20.63
Home Depot Inc. 24.51 23.56 26.04 24.24 17.38 21.68 21.33 18.61 18.87 18.09 23.25 23.90 23.51 23.49 21.04 22.66 22.37 20.76 22.62 22.94 23.32
Lowe’s Cos. Inc. 22.36 21.14 22.50 21.16 11.96 30.02 33.94 30.97 37.80 19.79 22.59 20.76 20.26 20.14 20.58 23.64 22.62 25.20 24.06 25.75 26.67
TJX Cos. Inc. 881.78 103.90 92.86 38.61 17.13 22.88 21.70 20.04 21.11 18.79 22.95 20.28 20.19 19.07 19.68 20.89 22.11 22.33 22.23 21.93 22.87
Walmart Inc. 27.47 21.57 23.39 23.27 21.69 23.34 25.40 36.14 41.79 55.00 54.35 28.14 26.62 25.20 18.32 17.64 16.02 15.02 15.00 15.30 14.72

Based on: 10-K (filing date: 2021-03-10), 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28).

1 Data adjusted for splits and stock dividends.

2 Q4 2021 Calculation
EPS = (Net earningsQ4 2021 + Net earningsQ3 2021 + Net earningsQ2 2021 + Net earningsQ1 2021) ÷ No. shares of common stock outstanding
= (1,380,000,000 + 1,014,000,000 + 1,690,000,000 + 284,000,000) ÷ 498,616,180 = 8.76

3 Closing price as at the filing date of Target Corp.’s Quarterly or Annual Report.

4 Q4 2021 Calculation
P/E ratio = Share price ÷ EPS
= 178.58 ÷ 8.76 = 20.39

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. Target Corp.’s P/E ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.

Price to Operating Profit (P/OP)

Target Corp., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015
No. shares of common stock outstanding1 498,616,180 500,773,141 500,617,844 500,015,480 500,961,951 506,737,121 510,928,517 512,334,476 516,333,213 521,833,603 526,350,987 533,134,856 538,796,010 543,572,649 546,231,798 551,708,283 552,675,341 561,695,464 574,864,718 589,274,533 599,982,121 616,051,610 628,430,247 638,491,711
Selected Financial Data (US$)
Operating income (in millions) 1,836  1,935  2,300  468  1,197  1,002  1,324  1,135  1,117  819  1,133  1,041  1,151  869  1,114  1,178  1,348  1,061  1,248  1,312  2,170  876  1,330  1,154 
Operating profit per share2 13.11 11.78 9.92 7.98 9.30 9.03 8.60 8.21 7.96 7.94 7.97 7.83 8.00 8.30 8.61 8.76 8.99 10.31 9.75 9.65 9.22 0.00 0.00 0.00
Share price1, 3 178.58 179.82 150.85 122.33 105.58 125.90 107.04 80.45 77.12 71.38 86.60 71.70 70.65 57.88 56.56 55.46 55.02 78.48 71.73 69.28 81.87 73.16 73.94 80.05
Valuation Ratio
P/OP ratio4 13.62 15.26 15.20 15.33 11.35 13.94 12.44 9.80 9.69 8.99 10.87 9.16 8.83 6.98 6.57 6.33 6.12 7.61 7.36 7.18 8.88
Benchmarks
P/OP Ratio, Competitors5
Amazon.com Inc. 62.96 72.84 76.53 93.97 80.81 68.77 60.44 64.01 64.39 64.31 74.65 120.05 151.77 168.59 163.99 141.50 107.31 94.32
Costco Wholesale Corp. 24.38 28.20 29.47 27.61 25.16 26.72 27.62 23.41 22.29 19.39 21.34 19.81 18.56 19.47 16.75 20.57 19.45 18.77 17.91 18.37 18.67 19.15
Dollar General Corp. 12.64 15.44 16.06 17.44 15.65 17.79 18.49 15.34 14.41 13.02 13.51 11.56 12.05 12.28 9.72 10.43 9.26 10.17 10.51 12.53 12.39
Home Depot Inc. 17.25 16.72 18.45 17.14 12.33 15.22 15.18 13.28 13.51 12.45 15.12 14.65 13.82 14.00 12.57 13.51 13.26 12.23 13.24 13.54 13.88
Lowe’s Cos. Inc. 13.52 12.50 15.21 14.04 8.11 18.48 20.49 18.51 21.77 12.85 14.16 12.26 10.61 10.60 10.25 11.42 11.97 12.26 12.46 13.33 13.66
TJX Cos. Inc. 137.02 74.61 60.02 30.12 12.69 16.79 15.73 14.53 15.31 13.99 16.65 14.11 13.54 11.86 11.90 12.60 13.20 13.36 13.63 13.47 14.06
Walmart Inc. 16.46 19.03 19.63 16.77 15.69 15.80 15.12 13.92 12.69 13.94 14.03 12.38 12.85 13.01 10.35 10.56 9.60 9.36 9.29 9.32 8.97

Based on: 10-K (filing date: 2021-03-10), 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28).

1 Data adjusted for splits and stock dividends.

2 Q4 2021 Calculation
Operating profit per share = (Operating incomeQ4 2021 + Operating incomeQ3 2021 + Operating incomeQ2 2021 + Operating incomeQ1 2021) ÷ No. shares of common stock outstanding
= (1,836,000,000 + 1,935,000,000 + 2,300,000,000 + 468,000,000) ÷ 498,616,180 = 13.11

3 Closing price as at the filing date of Target Corp.’s Quarterly or Annual Report.

4 Q4 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 178.58 ÷ 13.11 = 13.62

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. Target Corp.’s P/OP ratio increased from Q2 2021 to Q3 2021 but then decreased significantly from Q3 2021 to Q4 2021.

Price to Sales (P/S)

Target Corp., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015
No. shares of common stock outstanding1 498,616,180 500,773,141 500,617,844 500,015,480 500,961,951 506,737,121 510,928,517 512,334,476 516,333,213 521,833,603 526,350,987 533,134,856 538,796,010 543,572,649 546,231,798 551,708,283 552,675,341 561,695,464 574,864,718 589,274,533 599,982,121 616,051,610 628,430,247 638,491,711
Selected Financial Data (US$)
Sales (in millions) 27,997  22,336  22,696  19,371  23,132  18,414  18,183  17,401  22,735  17,590  17,552  16,556  22,766  16,667  16,429  16,017  20,689  16,441  16,169  16,196  21,626  17,613  17,427  17,119 
Sales per share2 185.31 174.80 167.02 158.20 153.96 151.43 148.57 146.93 144.16 142.70 139.72 135.83 133.41 128.41 127.37 125.64 125.74 125.39 124.56 123.65 122.98 0.00 0.00 0.00
Share price1, 3 178.58 179.82 150.85 122.33 105.58 125.90 107.04 80.45 77.12 71.38 86.60 71.70 70.65 57.88 56.56 55.46 55.02 78.48 71.73 69.28 81.87 73.16 73.94 80.05
Valuation Ratio
P/S ratio4 0.96 1.03 0.90 0.77 0.69 0.83 0.72 0.55 0.53 0.50 0.62 0.53 0.53 0.45 0.44 0.44 0.44 0.63 0.58 0.56 0.67
Benchmarks
P/S Ratio, Competitors5
Amazon.com Inc. 4.17 4.32 4.38 4.93 3.85 3.56 3.29 3.81 3.98 3.43 3.64 4.26 3.95 3.89 3.29 3.26 3.10 2.90
Costco Wholesale Corp. 0.82 0.97 0.98 0.87 0.80 0.86 0.88 0.76 0.72 0.61 0.69 0.65 0.61 0.63 0.55 0.66 0.61 0.60 0.57 0.58 0.59 0.61
Dollar General Corp. 1.33 1.62 1.60 1.57 1.30 1.45 1.50 1.26 1.19 1.09 1.14 0.98 1.03 1.09 0.87 0.96 0.87 0.95 1.01 1.21 1.18
Home Depot Inc. 2.39 2.34 2.58 2.37 1.77 2.17 2.17 1.91 1.94 1.81 2.20 2.11 2.01 2.03 1.82 1.93 1.88 1.71 1.83 1.84 1.85
Lowe’s Cos. Inc. 1.46 1.33 1.60 1.31 0.71 1.23 1.20 1.02 1.23 1.03 1.26 1.15 1.02 1.04 0.93 1.00 1.08 0.98 1.10 1.18 1.15
TJX Cos. Inc. 2.48 2.33 1.96 1.77 1.34 1.76 1.66 1.54 1.66 1.50 1.81 1.54 1.47 1.34 1.35 1.45 1.53 1.56 1.61 1.60 1.68
Walmart Inc. 0.67 0.78 0.78 0.66 0.62 0.65 0.63 0.59 0.55 0.56 0.56 0.50 0.53 0.59 0.48 0.50 0.45 0.45 0.46 0.46 0.45

Based on: 10-K (filing date: 2021-03-10), 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28).

1 Data adjusted for splits and stock dividends.

2 Q4 2021 Calculation
Sales per share = (SalesQ4 2021 + SalesQ3 2021 + SalesQ2 2021 + SalesQ1 2021) ÷ No. shares of common stock outstanding
= (27,997,000,000 + 22,336,000,000 + 22,696,000,000 + 19,371,000,000) ÷ 498,616,180 = 185.31

3 Closing price as at the filing date of Target Corp.’s Quarterly or Annual Report.

4 Q4 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 178.58 ÷ 185.31 = 0.96

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. Target Corp.’s P/S ratio increased from Q2 2021 to Q3 2021 but then slightly decreased from Q3 2021 to Q4 2021 not reaching Q2 2021 level.

Price to Book Value (P/BV)

Target Corp., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
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 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 30, 2016 Oct 31, 2015 Aug 1, 2015 May 2, 2015
No. shares of common stock outstanding1 498,616,180 500,773,141 500,617,844 500,015,480 500,961,951 506,737,121 510,928,517 512,334,476 516,333,213 521,833,603 526,350,987 533,134,856 538,796,010 543,572,649 546,231,798 551,708,283 552,675,341 561,695,464 574,864,718 589,274,533 599,982,121 616,051,610 628,430,247 638,491,711
Selected Financial Data (US$)
Shareholders’ investment (in millions) 14,440  13,319  12,578  11,169  11,833  11,545  11,836  11,117  11,297  11,080  11,167  11,158  11,709  11,137  11,098  11,021  10,953  11,069  11,577  12,545  12,957  13,256  13,942  14,174 
Book value per share (BVPS)2 28.96 26.60 25.12 22.34 23.62 22.78 23.17 21.70 21.88 21.23 21.22 20.93 21.73 20.49 20.32 19.98 19.82 19.71 20.14 21.29 21.60 21.52 22.19 22.20
Share price1, 3 178.58 179.82 150.85 122.33 105.58 125.90 107.04 80.45 77.12 71.38 86.60 71.70 70.65 57.88 56.56 55.46 55.02 78.48 71.73 69.28 81.87 73.16 73.94 80.05
Valuation Ratio
P/BV ratio4 6.17 6.76 6.00 5.48 4.47 5.53 4.62 3.71 3.52 3.36 4.08 3.43 3.25 2.82 2.78 2.78 2.78 3.98 3.56 3.25 3.79 3.40 3.33 3.61
Benchmarks
P/BV Ratio, Competitors5
Amazon.com Inc. 16.93 17.86 18.40 21.50 17.47 16.11 15.45 18.11 19.84 18.34 20.53 25.33 24.25 24.98 21.52 21.11 20.40 20.47 20.74 21.75 21.09
Costco Wholesale Corp. 9.16 11.01 8.76 8.17 7.44 8.17 8.58 7.63 7.50 6.59 7.47 7.32 6.93 7.40 6.39 8.00 5.85 5.88 5.44 5.81 6.11 6.39
Dollar General Corp. 6.74 7.52 6.82 6.43 5.38 5.94 5.95 4.99 4.75 4.31 4.40 3.75 3.95 4.41 3.49 3.88 3.54 3.79 3.94 4.64 4.47 3.71 4.04 4.14
Home Depot Inc. 95.58 191.69 144.66 114.03 127.78 139.52 79.38 49.72 46.72 41.08 28.38 25.28 26.19 25.88 22.23 16.50 15.83
Lowe’s Cos. Inc. 90.79 27.86 29.56 56.37 25.96 36.00 32.50 22.70 24.01 13.54 15.37 13.85 11.89 12.47 11.38 12.01 10.87 9.32 9.74 9.85 8.87 8.33 7.22 6.90
TJX Cos. Inc. 13.68 13.99 14.17 13.72 9.42 12.92 12.53 11.88 12.79 11.07 13.06 10.74 10.23 9.89 10.04 10.67 11.27 11.79 11.61 11.18 12.09 10.89 11.15 10.21
Walmart Inc. 4.59 5.23 5.56 5.12 4.32 4.70 4.64 4.44 3.84 3.94 3.97 3.34 3.37 3.79 3.05 3.26 2.81 2.80 2.89 2.94 2.69 2.35 2.65 3.07

Based on: 10-K (filing date: 2021-03-10), 10-Q (filing date: 2020-11-25), 10-Q (filing date: 2020-08-28), 10-Q (filing date: 2020-05-29), 10-K (filing date: 2020-03-11), 10-Q (filing date: 2019-11-27), 10-Q (filing date: 2019-08-30), 10-Q (filing date: 2019-05-31), 10-K (filing date: 2019-03-13), 10-Q (filing date: 2018-11-27), 10-Q (filing date: 2018-08-27), 10-Q (filing date: 2018-05-29), 10-K (filing date: 2018-03-14), 10-Q (filing date: 2017-11-20), 10-Q (filing date: 2017-08-21), 10-Q (filing date: 2017-05-22), 10-K (filing date: 2017-03-08), 10-Q (filing date: 2016-11-23), 10-Q (filing date: 2016-08-24), 10-Q (filing date: 2016-05-25), 10-K (filing date: 2016-03-11), 10-Q (filing date: 2015-11-25), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-28).

1 Data adjusted for splits and stock dividends.

2 Q4 2021 Calculation
BVPS = Shareholders’ investment ÷ No. shares of common stock outstanding
= 14,440,000,000 ÷ 498,616,180 = 28.96

3 Closing price as at the filing date of Target Corp.’s Quarterly or Annual Report.

4 Q4 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 178.58 ÷ 28.96 = 6.17

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’s required rate of return and its actual rate of return. Target Corp.’s P/BV ratio increased from Q2 2021 to Q3 2021 but then slightly decreased from Q3 2021 to Q4 2021 not reaching Q2 2021 level.