The TJX Companies, Inc. (TJX) Financial Ratios
30 years of historical data (1997–2026) · Consumer Cyclical · Apparel - Retail
EV/EBITDA
↑
22.40
+19% vs avg
5yr avg: 18.84
30Y Low4.8·High57.0
P/FCF
↓
35.53
+2% vs avg
5yr avg: 34.84
30Y Low5.6·High43.5
P/B Ratio
↑
17.16
+10% vs avg
5yr avg: 15.66
30Y Low3.0·High17.0
ROE
↑
59.1%
-1% vs avg
5yr avg: 59.7%
30Y Low2%·High65%
Debt/EBITDA
↑
2.66
↑+24% vs avg
5yr avg: 2.14
30Y Low0.2·High10.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TJX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The TJX Companies, Inc. trades at 31.9x earnings, 15% above its 5-year average of 27.8x, sitting at the 100th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.6x, the stock trades at a premium of 62%. On a free-cash-flow basis, the stock trades at 35.5x P/FCF, roughly in line with the 5-year average of 34.8x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $172.5B | $168.5B | $142.5B | $110.0B | $96.4B | $87.5B | $77.8B | $72.4B | $62.6B | $51.9B | $49.8B |
| Enterprise Value | $188.7B | $184.7B | $150.0B | $116.9B | $103.7B | $93.8B | $82.8B | $80.7B | $62.1B | $51.6B | $49.3B |
| P/E Ratio → | 31.85 | 30.70 | 29.29 | 24.59 | 27.56 | 26.66 | 859.60 | 22.11 | 20.47 | 19.88 | 21.65 |
| P/S Ratio | 2.86 | 2.79 | 2.53 | 2.03 | 1.93 | 1.80 | 2.42 | 1.74 | 1.61 | 1.45 | 1.50 |
| P/B Ratio | 17.16 | 16.54 | 16.98 | 15.06 | 15.15 | 14.57 | 13.34 | 12.17 | 12.40 | 10.08 | 11.04 |
| P/FCF | 35.53 | 34.71 | 33.95 | 25.38 | 36.71 | 43.47 | 19.48 | 25.47 | 21.13 | 26.37 | 19.32 |
| P/OCF | 25.33 | 24.74 | 23.30 | 18.16 | 23.61 | 28.61 | 17.05 | 17.81 | 15.32 | 17.15 | 13.82 |
P/E links to full P/E history page with 30-year chart
TJX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The TJX Companies, Inc.'s enterprise value stands at 22.4x EBITDA, 19% above its 5-year average of 18.8x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 97% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.06 | 2.66 | 2.16 | 2.08 | 1.93 | 2.58 | 1.93 | 1.59 | 1.44 | 1.48 |
| EV / EBITDA | 22.40 | 21.92 | 20.25 | 17.30 | 18.04 | 16.68 | 57.00 | 15.27 | 12.32 | 10.95 | 10.92 |
| EV / EBIT | 26.29 | 25.73 | 22.86 | 19.34 | 21.97 | 20.76 | 292.66 | 18.06 | 14.65 | 13.16 | 13.01 |
| EV / FCF | — | 38.03 | 35.72 | 26.98 | 39.47 | 46.59 | 20.74 | 28.37 | 20.95 | 26.21 | 19.11 |
TJX Profitability
Margins and return-on-capital ratios measuring operating efficiency
The TJX Companies, Inc. earns an operating margin of 11.9%, above the Consumer Cyclical sector average of 2.9%. Operating margins have expanded from 10.7% to 11.9% over the past 3 years, signaling improving operational efficiency. Return on equity of 59.1% is exceptionally high — well above the sector median of 5.8%. ROIC of 25.5% represents excellent returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.0% | 31.0% | 30.6% | 30.0% | 27.6% | 28.5% | 23.7% | 28.5% | 28.6% | 28.9% | 29.0% |
| Operating Margin | 11.9% | 11.9% | 11.2% | 10.7% | 9.7% | 9.8% | 1.8% | 10.6% | 10.8% | 11.1% | 11.6% |
| Net Profit Margin | 9.1% | 9.1% | 8.6% | 8.3% | 7.0% | 6.8% | 0.3% | 7.8% | 7.9% | 7.3% | 6.9% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 59.1% | 59.1% | 62.0% | 65.5% | 56.6% | 55.5% | 1.5% | 59.5% | 60.0% | 54.0% | 52.1% |
| ROA | 16.3% | 16.3% | 15.8% | 15.4% | 12.3% | 11.1% | 0.3% | 17.0% | 21.6% | 19.4% | 18.9% |
| ROIC | 25.5% | 25.5% | 31.4% | 31.2% | 28.1% | 30.8% | 3.5% | 35.4% | 67.8% | 67.8% | 73.1% |
| ROCE | 33.3% | 33.3% | 31.5% | 31.0% | 27.0% | 25.0% | 3.1% | 34.2% | 47.6% | 46.7% | 50.6% |
TJX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The TJX Companies, Inc. carries a Debt/EBITDA ratio of 2.7x, which is moderately leveraged (38% below the sector average of 4.3x). Net debt stands at $16.2B ($22.4B total debt minus $6.2B cash).
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.20 | 2.20 | 1.52 | 1.72 | 2.00 | 2.08 | 2.66 | 1.93 | 0.49 | 0.48 | 0.53 |
| Debt / EBITDA | 2.66 | 2.66 | 1.73 | 1.86 | 2.22 | 2.22 | 10.67 | 2.17 | 0.49 | 0.52 | 0.53 |
| Net Debt / Equity | — | 1.59 | 0.89 | 0.95 | 1.14 | 1.05 | 0.86 | 1.39 | -0.11 | -0.06 | -0.12 |
| Net Debt / EBITDA | 1.92 | 1.92 | 1.00 | 1.03 | 1.26 | 1.12 | 3.46 | 1.56 | -0.11 | -0.06 | -0.12 |
| Debt / FCF | — | 3.33 | 1.77 | 1.60 | 2.77 | 3.12 | 1.26 | 2.90 | -0.19 | -0.16 | -0.20 |
| Interest Coverage | — | — | 82.92 | 73.38 | 57.86 | 39.96 | 3.00 | 74.74 | 65.06 | 62.02 | 62.42 |
TJX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.14x means The TJX Companies, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.59x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.21x to 1.14x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 1.18 | 1.21 | 1.21 | 1.27 | 1.46 | 1.24 | 1.53 | 1.66 | 1.63 |
| Quick Ratio | 0.59 | 0.59 | 0.60 | 0.64 | 0.64 | 0.70 | 1.06 | 0.56 | 0.70 | 0.84 | 0.86 |
| Cash Ratio | 0.47 | 0.47 | 0.48 | 0.54 | 0.53 | 0.59 | 0.97 | 0.45 | 0.55 | 0.64 | 0.73 |
| Asset Turnover | — | 1.69 | 1.78 | 1.82 | 1.76 | 1.71 | 1.04 | 1.73 | 2.72 | 2.55 | 2.58 |
| Inventory Turnover | 5.71 | 5.71 | 6.09 | 6.36 | 6.21 | 5.82 | 5.66 | 6.13 | 6.08 | 6.09 | 6.47 |
| Days Sales Outstanding | — | — | 4.00 | 3.96 | 4.99 | 4.76 | 5.65 | 3.38 | 3.24 | 3.33 | 2.85 |
TJX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The TJX Companies, Inc. returns 2.5% to shareholders annually — split between a 1.1% dividend yield and 1.5% buyback yield. The payout ratio of 33.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.1% | 1.1% | 1.2% | 1.3% | 1.4% | 1.4% | 0.4% | 1.5% | 1.5% | 1.5% | 1.3% |
| Payout Ratio | 33.5% | 33.5% | 33.9% | 33.2% | 38.3% | 38.1% | 308.9% | 32.7% | 30.2% | 29.3% | 28.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 3.3% | 3.4% | 4.1% | 3.6% | 3.8% | 0.1% | 4.5% | 4.9% | 5.0% | 4.6% |
| FCF Yield | 2.8% | 2.9% | 2.9% | 3.9% | 2.7% | 2.3% | 5.1% | 3.9% | 4.7% | 3.8% | 5.2% |
| Buyback Yield | 1.5% | 1.5% | 1.8% | 2.3% | 2.3% | 2.5% | 0.3% | 2.1% | 3.8% | 3.2% | 3.4% |
| Total Shareholder Yield | 2.5% | 2.6% | 2.9% | 3.6% | 3.7% | 3.9% | 0.6% | 3.6% | 5.3% | 4.6% | 4.7% |
| Shares Outstanding | — | $1.1B | $1.1B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B | $1.3B |
Peer Comparison
Compare TJX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TJXYou | $173B | 31.9 | 22.4 | 35.5 | 31.0% | 11.9% | 59.1% | 25.5% | 2.7 |
 ROST | $75B | 34.6 | 21.2 | 34.1 | 27.9% | 11.9% | 35.8% | 30.0% | 1.5 |
 BURL | $20B | 33.3 | 18.0 | 116.8 | 40.3% | 7.3% | 23.2% | 10.3% | 3.2 |
 OLLI | $5B | 21.5 | 14.7 | 17.3 | 40.5% | 12.2% | 13.4% | 11.1% | 1.8 |
 M | $6B | 8.5 | 4.9 | 5.2 | 36.5% | 4.6% | 13.6% | 8.7% | 2.7 |
 KSS | $2B | 6.1 | 2.8 | 1.5 | 36.1% | 3.3% | 6.9% | 4.6% | 2.0 |
 DXLG | $36M | -1.0 | — | 19.5 | 43.4% | -4.2% | -28.8% | -6.8% | — |
 NKE | $52B | 20.3 | 12.4 | 16.0 | 42.7% | 8.0% | 23.3% | 16.7% | 2.4 |
 PVH | $4B | 8.7 | 6.8 | 7.2 | 59.4% | 8.5% | 11.7% | 7.0% | 3.3 |
 HBI | $2B | -7.1 | 16.6 | 10.1 | 38.8% | 5.3% | -141.4% | 4.5% | 9.2 |
 RL | $50B | 32.1 | 44.4 | 49.5 | 68.6% | 13.2% | 29.5% | 20.6% | 2.3 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 14.9 | 37.9% | 2.9% | 5.8% | 5.8% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonTJX — Frequently Asked Questions
Quick answers to the most common questions about buying TJX stock.
What is The TJX Companies, Inc.'s P/E ratio?
The TJX Companies, Inc.'s current P/E ratio is 31.9x. The historical average is 19.8x. This places it at the 100th percentile of its historical range.
What is The TJX Companies, Inc.'s EV/EBITDA?
The TJX Companies, Inc.'s current EV/EBITDA is 22.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.5x.
What is The TJX Companies, Inc.'s ROE?
The TJX Companies, Inc.'s return on equity (ROE) is 59.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 46.1%.
Is TJX stock overvalued?
Based on historical data, The TJX Companies, Inc. is trading at a P/E of 31.9x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The TJX Companies, Inc.'s dividend yield?
The TJX Companies, Inc.'s current dividend yield is 1.05% with a payout ratio of 33.5%.
What are The TJX Companies, Inc.'s profit margins?
The TJX Companies, Inc. has 31.0% gross margin and 11.9% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does The TJX Companies, Inc. have?
The TJX Companies, Inc.'s Debt/EBITDA ratio is 2.7x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.