Target Corporation (TGT) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2025
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of February 28, 2026, Target Corporation (TGT) trades at a price-to-earnings ratio of 12.8x, with a stock price of $113.79 and trailing twelve-month earnings per share of $8.88.
The current P/E is 27% below its 5-year average of 17.7x. Over the past five years, TGT's P/E has ranged from a low of 10.5x to a high of 28.8x, placing the current valuation at the 15th percentile of its historical range.
Compared to the Consumer Defensive sector median P/E of 21.6x, TGT trades at a 40% discount to its sector peers. The sector includes 150 companies with P/E ratios ranging from 0.0x to 195.7x.
The PEG ratio of 1.87 (P/E divided by -1% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, TGT trades at a notable discount to the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our TGT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Warehouse Clubs and Supercenters peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
WMTWalmart Inc. | $1.0T | 46.9 | 4.26 | +13%Best |
COSTCostco Wholesale Corporation | $448B | 55.5 | 3.68 | +10% |
TGTTarget Corporation | $52B | 12.8Lowest | 1.87 | -1% |
BJBJ's Wholesale Club Holdings, Inc. | $13B | 24.7 | 1.02Best | +3% |
PSMTPriceSmart, Inc. | $5B | 32.1 | 2.36 | +5% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | Sat Nov 01 2025 00:00:00 GM | $92.72 | $8.83 | 10.5x | -41% |
| FY2025 Q2 | Sat Aug 02 2025 00:00:00 GM | $99.77 | $8.58 | 11.6x | -35% |
| FY2025 Q1 | Sat May 03 2025 00:00:00 GM | $97.37 | $9.10 | 10.7x | -40% |
| FY2024 Q4 | Fri Jan 31 2025 00:00:00 GM | $137.91 | $8.86 | 15.6x | -13% |
| FY2024 Q3 | Sat Nov 02 2024 00:00:00 GM | $150.84 | $9.43 | 16.0x | -10% |
| FY2024 Q2 | Sat Aug 03 2024 00:00:00 GM | $139.17 | $9.68 | 14.4x | -19% |
| FY2024 Q1 | Sat May 04 2024 00:00:00 GM | $158.04 | $8.91 | 17.7x | -0% |
| FY2023 Q4 | Wed Jan 31 2024 00:00:00 GM | $139.08 | $8.93 | 15.6x | -12% |
| FY2023 Q3 | Sat Oct 28 2023 00:00:00 GM | $107.23 | $7.84 | 13.7x | -23% |
| FY2023 Q2 | Sat Jul 29 2023 00:00:00 GM | $135.00 | $7.28 | 18.5x | +4% |
| FY2023 Q1 | Sat Apr 29 2023 00:00:00 GM | $157.75 | $5.87 | 26.9x | +51% |
| FY2022 Q4 | $172.14 | $5.98 | 28.8x | +62% |
Average P/E for displayed period: 17.8x
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Start ComparisonFrequently Asked Questions
Is TGT stock overvalued or undervalued?
TGT trades at 12.8x P/E, below its 5-year average of 17.7x. At the 15th percentile of historical range, the stock is priced at a discount to its own history.
How does TGT's valuation compare to peers?
Target Corporation P/E of 12.8x compares to sector median of 21.6x. The discount suggests lower growth expectations or higher risk.
What is TGT's PEG ratio?
TGT PEG ratio is 1.87. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1990-2025.