Stock Analysis on Net

Target Corp. (NYSE:TGT)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Historical Valuation Ratios (Summary)

Target Corp., 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) 18.60 16.59 16.67 23.57 27.08 21.82 17.50 13.23 14.38 17.57 19.28 18.16 20.39 23.56 21.44 22.08 16.12 19.66 17.35 13.68 13.56
Price to operating profit (P/OP) 13.48 12.05 11.95 16.74 19.56 15.72 12.81 9.79 11.17 13.72 14.12 13.29 13.62 15.26 15.20 15.33 11.35 13.94 12.44 9.80 9.69
Price to sales (P/S) 0.73 0.57 0.53 0.60 0.70 0.70 0.69 0.73 0.95 1.17 1.23 1.16 0.96 1.03 0.90 0.77 0.69 0.83 0.72 0.55 0.53
Price to book value (P/BV) 5.73 4.81 4.69 5.53 6.70 6.83 6.98 7.19 7.79 8.63 8.18 7.50 6.17 6.76 6.00 5.48 4.47 5.53 4.62 3.71 3.52 3.36 4.08 3.43

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. Target Corp. P/E ratio decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.
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. P/OP ratio increased from Q2 2024 to Q3 2024 and 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. Target Corp. P/S ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
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. Target Corp. P/BV ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Earnings (P/E)

Target Corp., 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 461,690,206 461,661,800 461,605,464 461,559,612 460,363,991 460,310,088 460,262,630 463,696,413 462,418,075 479,123,918 488,039,053 494,723,834 498,616,180 500,773,141 500,617,844 500,015,480 500,961,951 506,737,121 510,928,517 512,334,476 516,333,213 521,833,603 526,350,987 533,134,856
Selected Financial Data (US$)
Net earnings (in millions) 1,382 971 835 950 876 712 183 1,009 1,544 1,488 1,817 2,097 1,380 1,014 1,690 284 834 714 938 795 798 622 799 718
Earnings per share (EPS)2 8.96 7.87 7.31 5.90 6.04 7.49 9.18 12.63 15.02 14.16 12.93 12.49 8.76 7.63 7.04 5.54 6.55 6.40 6.17 5.88 5.69 0.00 0.00 0.00
Share price1, 3 166.67 130.50 121.79 138.93 163.51 163.41 160.62 167.14 216.00 248.76 249.18 226.92 178.58 179.82 150.85 122.33 105.58 125.90 107.04 80.45 77.12 71.38 86.60 71.70
Valuation Ratio
P/E ratio4 18.60 16.59 16.67 23.57 27.08 21.82 17.50 13.23 14.38 17.57 19.28 18.16 20.39 23.56 21.44 22.08 16.12 19.66 17.35 13.68 13.56
Benchmarks
P/E Ratio, Competitors5
Costco Wholesale Corp. 47.93 45.01 39.79 37.86 35.14 34.43 36.38 38.26 42.83 47.19 39.65 35.91 32.99 37.85 40.02 36.98 32.71 34.68 35.76 30.65 30.15 26.63
Walmart Inc. 31.52 25.73 30.97 35.47 32.17 46.12 26.02 26.43 29.27 47.43 41.22 32.45 27.47 21.57 23.39 23.27 21.69 23.34 25.39 36.14 41.79

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 earningsQ4 2024 + Net earningsQ3 2024 + Net earningsQ2 2024 + Net earningsQ1 2024) ÷ No. shares of common stock outstanding
= (1,382,000,000 + 971,000,000 + 835,000,000 + 950,000,000) ÷ 461,690,206 = 8.96

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

4 Q4 2024 Calculation
P/E ratio = Share price ÷ EPS
= 166.67 ÷ 8.96 = 18.60

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. P/E ratio decreased from Q2 2024 to Q3 2024 but then increased from Q3 2024 to Q4 2024 exceeding Q2 2024 level.

Price to Operating Profit (P/OP)

Target Corp., 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 461,690,206 461,661,800 461,605,464 461,559,612 460,363,991 460,310,088 460,262,630 463,696,413 462,418,075 479,123,918 488,039,053 494,723,834 498,616,180 500,773,141 500,617,844 500,015,480 500,961,951 506,737,121 510,928,517 512,334,476 516,333,213 521,833,603 526,350,987 533,134,856
Selected Financial Data (US$)
Operating income (in millions) 1,865 1,317 1,197 1,328 1,159 1,022 321 1,346 2,095 2,010 2,467 2,374 1,836 1,935 2,300 468 1,197 1,002 1,324 1,135 1,117 819 1,133 1,041
Operating profit per share2 12.36 10.83 10.19 8.30 8.36 10.39 12.54 17.08 19.35 18.13 17.65 17.07 13.11 11.78 9.92 7.98 9.30 9.03 8.60 8.21 7.96 0.00 0.00 0.00
Share price1, 3 166.67 130.50 121.79 138.93 163.51 163.41 160.62 167.14 216.00 248.76 249.18 226.92 178.58 179.82 150.85 122.33 105.58 125.90 107.04 80.45 77.12 71.38 86.60 71.70
Valuation Ratio
P/OP ratio4 13.48 12.05 11.95 16.74 19.56 15.72 12.81 9.79 11.17 13.72 14.12 13.29 13.62 15.26 15.20 15.33 11.35 13.94 12.44 9.80 9.69
Benchmarks
P/OP Ratio, Competitors5
Costco Wholesale Corp. 38.28 35.14 30.86 29.01 26.78 25.80 27.28 28.53 31.72 34.97 29.60 26.67 24.38 28.20 29.47 27.61 25.16 26.72 27.62 23.41 22.29 19.39
Walmart Inc. 18.10 16.56 19.94 18.77 18.40 19.93 15.13 14.11 15.43 14.89 16.23 16.40 16.46 19.02 19.63 16.77 15.69 15.80 15.12 13.92 12.70

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 incomeQ4 2024 + Operating incomeQ3 2024 + Operating incomeQ2 2024 + Operating incomeQ1 2024) ÷ No. shares of common stock outstanding
= (1,865,000,000 + 1,317,000,000 + 1,197,000,000 + 1,328,000,000) ÷ 461,690,206 = 12.36

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

4 Q4 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 166.67 ÷ 12.36 = 13.48

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. P/OP ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Sales (P/S)

Target Corp., 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 461,690,206 461,661,800 461,605,464 461,559,612 460,363,991 460,310,088 460,262,630 463,696,413 462,418,075 479,123,918 488,039,053 494,723,834 498,616,180 500,773,141 500,617,844 500,015,480 500,961,951 506,737,121 510,928,517 512,334,476 516,333,213 521,833,603 526,350,987 533,134,856
Selected Financial Data (US$)
Sales (in millions) 31,467 25,004 24,384 24,948 30,983 26,122 25,653 24,830 30,616 25,290 24,826 23,879 27,997 22,336 22,696 19,371 23,132 18,414 18,183 17,401 22,735 17,590 17,552 16,556
Sales per share2 229.16 228.13 230.58 233.35 233.70 232.93 231.15 227.65 226.23 212.87 202.93 195.88 185.31 174.80 167.02 158.20 153.96 151.43 148.57 146.93 144.16 0.00 0.00 0.00
Share price1, 3 166.67 130.50 121.79 138.93 163.51 163.41 160.62 167.14 216.00 248.76 249.18 226.92 178.58 179.82 150.85 122.33 105.58 125.90 107.04 80.45 77.12 71.38 86.60 71.70
Valuation Ratio
P/S ratio4 0.73 0.57 0.53 0.60 0.70 0.70 0.69 0.73 0.95 1.17 1.23 1.16 0.96 1.03 0.90 0.77 0.69 0.83 0.72 0.55 0.53
Benchmarks
P/S Ratio, Competitors5
Costco Wholesale Corp. 1.33 1.22 1.05 0.98 0.92 0.89 0.95 1.01 1.15 1.22 1.03 0.93 0.82 0.97 0.98 0.87 0.80 0.86 0.88 0.76 0.72 0.61
Walmart Inc. 0.76 0.66 0.70 0.65 0.62 0.70 0.62 0.60 0.70 0.67 0.74 0.71 0.67 0.78 0.78 0.66 0.62 0.65 0.63 0.59 0.55

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 = (SalesQ4 2024 + SalesQ3 2024 + SalesQ2 2024 + SalesQ1 2024) ÷ No. shares of common stock outstanding
= (31,467,000,000 + 25,004,000,000 + 24,384,000,000 + 24,948,000,000) ÷ 461,690,206 = 229.16

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

4 Q4 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 166.67 ÷ 229.16 = 0.73

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. P/S ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Book Value (P/BV)

Target Corp., 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 461,690,206 461,661,800 461,605,464 461,559,612 460,363,991 460,310,088 460,262,630 463,696,413 462,418,075 479,123,918 488,039,053 494,723,834 498,616,180 500,773,141 500,617,844 500,015,480 500,961,951 506,737,121 510,928,517 512,334,476 516,333,213 521,833,603 526,350,987 533,134,856
Selected Financial Data (US$)
Shareholders’ investment (in millions) 13,432 12,514 11,990 11,605 11,232 11,019 10,592 10,774 12,827 13,803 14,860 14,959 14,440 13,319 12,578 11,169 11,833 11,545 11,836 11,117 11,297 11,080 11,167 11,158
Book value per share (BVPS)2 29.09 27.11 25.97 25.14 24.40 23.94 23.01 23.24 27.74 28.81 30.45 30.24 28.96 26.60 25.12 22.34 23.62 22.78 23.17 21.70 21.88 21.23 21.22 20.93
Share price1, 3 166.67 130.50 121.79 138.93 163.51 163.41 160.62 167.14 216.00 248.76 249.18 226.92 178.58 179.82 150.85 122.33 105.58 125.90 107.04 80.45 77.12 71.38 86.60 71.70
Valuation Ratio
P/BV ratio4 5.73 4.81 4.69 5.53 6.70 6.83 6.98 7.19 7.79 8.63 8.18 7.50 6.17 6.76 6.00 5.48 4.47 5.53 4.62 3.71 3.52 3.36 4.08 3.43
Benchmarks
P/BV Ratio, Competitors5
Costco Wholesale Corp. 15.69 11.22 9.99 9.64 9.33 9.43 10.30 10.82 12.16 13.20 11.30 10.30 9.16 11.01 8.76 8.17 7.44 8.17 8.58 7.63 7.50 6.59
Walmart Inc. 5.83 5.28 5.47 5.54 4.90 5.72 4.65 4.47 4.81 4.62 5.14 5.07 4.59 5.23 5.56 5.12 4.32 4.70 4.64 4.44 3.85 3.94 3.97 3.34

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’ investment ÷ No. shares of common stock outstanding
= 13,432,000,000 ÷ 461,690,206 = 29.09

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

4 Q4 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 166.67 ÷ 29.09 = 5.73

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. Target Corp. P/BV ratio increased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.