TJX COMPANIES INC (TJX.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:TJX • US8725401090

130.9 EUR
+2.8 (+2.19%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

6

TJX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 59 industry peers in the Specialty Retail industry. TJX scores excellent on profitability, but there are some minor concerns on its financial health. TJX is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • TJX had positive earnings in the past year.
  • In the past year TJX had a positive cash flow from operations.
  • Each year in the past 5 years TJX has been profitable.
  • TJX had a positive operating cash flow in each of the past 5 years.
TJX.DE Yearly Net Income VS EBIT VS OCF VS FCFTJX.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • TJX has a better Return On Assets (14.55%) than 96.61% of its industry peers.
  • Looking at the Return On Equity, with a value of 54.70%, TJX belongs to the top of the industry, outperforming 96.61% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 23.62%, TJX belongs to the top of the industry, outperforming 94.92% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for TJX is significantly above the industry average of 10.14%.
  • The last Return On Invested Capital (23.62%) for TJX is above the 3 year average (21.84%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 14.55%
ROE 54.7%
ROIC 23.62%
ROA(3y)14.23%
ROA(5y)10.91%
ROE(3y)58.06%
ROE(5y)46.09%
ROIC(3y)21.84%
ROIC(5y)17.51%
TJX.DE Yearly ROA, ROE, ROICTJX.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • TJX has a Profit Margin of 8.68%. This is amongst the best in the industry. TJX outperforms 89.83% of its industry peers.
  • In the last couple of years the Profit Margin of TJX has grown nicely.
  • TJX has a Operating Margin of 11.31%. This is amongst the best in the industry. TJX outperforms 88.14% of its industry peers.
  • In the last couple of years the Operating Margin of TJX has remained more or less at the same level.
  • The Gross Margin of TJX (30.85%) is comparable to the rest of the industry.
  • TJX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 11.31%
PM (TTM) 8.68%
GM 30.85%
OM growth 3Y4.52%
OM growth 5Y1.05%
PM growth 3Y8.47%
PM growth 5Y1.93%
GM growth 3Y1.68%
GM growth 5Y0.82%
TJX.DE Yearly Profit, Operating, Gross MarginsTJX.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), TJX is creating value.
  • The number of shares outstanding for TJX has been reduced compared to 1 year ago.
  • TJX has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for TJX has been reduced compared to a year ago.
TJX.DE Yearly Shares OutstandingTJX.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TJX.DE Yearly Total Debt VS Total AssetsTJX.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • The Debt to FCF ratio of TJX is 0.65, which is an excellent value as it means it would take TJX, only 0.65 years of fcf income to pay off all of its debts.
  • TJX has a Debt to FCF ratio of 0.65. This is amongst the best in the industry. TJX outperforms 98.31% of its industry peers.
  • A Debt/Equity ratio of 0.20 indicates that TJX is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.20, TJX belongs to the top of the industry, outperforming 84.75% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 0.65
Altman-Z N/A
ROIC/WACC2.43
WACC9.73%
TJX.DE Yearly LT Debt VS Equity VS FCFTJX.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.3 Liquidity

  • TJX has a Current Ratio of 1.09. This is a normal value and indicates that TJX is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.09, TJX is in line with its industry, outperforming 40.68% of the companies in the same industry.
  • A Quick Ratio of 0.43 indicates that TJX may have some problems paying its short term obligations.
  • The Quick ratio of TJX (0.43) is worse than 64.41% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 0.43
TJX.DE Yearly Current Assets VS Current LiabilitesTJX.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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4

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.59% over the past year.
  • Measured over the past years, TJX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.71% on average per year.
  • The Revenue has been growing slightly by 4.53% in the past year.
  • Measured over the past years, TJX shows a small growth in Revenue. The Revenue has been growing by 6.20% on average per year.
EPS 1Y (TTM)6.59%
EPS 3Y14.34%
EPS 5Y9.71%
EPS Q2Q%12.28%
Revenue 1Y (TTM)4.53%
Revenue growth 3Y5.1%
Revenue growth 5Y6.2%
Sales Q2Q%7.49%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.34% on average over the next years. This is quite good.
  • Based on estimates for the next years, TJX will show a small growth in Revenue. The Revenue will grow by 5.64% on average per year.
EPS Next Y10.89%
EPS Next 2Y10.71%
EPS Next 3Y10.95%
EPS Next 5Y10.34%
Revenue Next Year6.63%
Revenue Next 2Y6.09%
Revenue Next 3Y6.19%
Revenue Next 5Y5.64%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
TJX.DE Yearly Revenue VS EstimatesTJX.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B
TJX.DE Yearly EPS VS EstimatesTJX.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6 8

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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 34.18 indicates a quite expensive valuation of TJX.
  • The rest of the industry has a similar Price/Earnings ratio as TJX.
  • TJX is valuated rather expensively when we compare the Price/Earnings ratio to 28.25, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 29.63, the valuation of TJX can be described as expensive.
  • TJX's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of TJX to the average of the S&P500 Index (27.50), we can say TJX is valued inline with the index average.
Industry RankSector Rank
PE 34.18
Fwd PE 29.63
TJX.DE Price Earnings VS Forward Price EarningsTJX.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, TJX is valued a bit more expensive than 61.02% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TJX is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 38.89
EV/EBITDA 21.52
TJX.DE Per share dataTJX.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates TJX does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of TJX may justify a higher PE ratio.
PEG (NY)3.14
PEG (5Y)3.52
EPS Next 2Y10.71%
EPS Next 3Y10.95%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • TJX has a Yearly Dividend Yield of 1.15%.
  • TJX's Dividend Yield is a higher than the industry average which is at 1.35.
  • TJX's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.15%

5.2 History

  • On average, the dividend of TJX grows each year by 10.53%, which is quite nice.
Dividend Growth(5Y)10.53%
Div Incr Years3
Div Non Decr Years3
TJX.DE Yearly Dividends per shareTJX.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • 35.03% of the earnings are spent on dividend by TJX. This is a low number and sustainable payout ratio.
  • The dividend of TJX is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP35.03%
EPS Next 2Y10.71%
EPS Next 3Y10.95%
TJX.DE Yearly Income VS Free CF VS DividendTJX.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
TJX.DE Dividend Payout.TJX.DE Dividend Payout, showing the Payout Ratio.TJX.DE Dividend Payout.PayoutRetained Earnings

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TJX COMPANIES INC

FRA:TJX (2/4/2026, 7:00:00 PM)

130.9

+2.8 (+2.19%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)11-19
Earnings (Next)02-25
Inst Owners92.35%
Inst Owner ChangeN/A
Ins Owners0.08%
Ins Owner ChangeN/A
Market Cap145.36B
Revenue(TTM)58.98B
Net Income(TTM)5.12B
Analysts85
Price Target143.73 (9.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.15%
Yearly Dividend1.23
Dividend Growth(5Y)10.53%
DP35.03%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.59%
Min EPS beat(2)3.7%
Max EPS beat(2)7.47%
EPS beat(4)4
Avg EPS beat(4)4.14%
Min EPS beat(4)0.61%
Max EPS beat(4)7.47%
EPS beat(8)8
Avg EPS beat(8)4.58%
EPS beat(12)11
Avg EPS beat(12)4.5%
EPS beat(16)14
Avg EPS beat(16)3.77%
Revenue beat(2)2
Avg Revenue beat(2)0.85%
Min Revenue beat(2)0.77%
Max Revenue beat(2)0.94%
Revenue beat(4)2
Avg Revenue beat(4)0.35%
Min Revenue beat(4)-0.25%
Max Revenue beat(4)0.94%
Revenue beat(8)4
Avg Revenue beat(8)0.09%
Revenue beat(12)7
Avg Revenue beat(12)0.28%
Revenue beat(16)7
Avg Revenue beat(16)-0.46%
PT rev (1m)2.25%
PT rev (3m)8.98%
EPS NQ rev (1m)0.18%
EPS NQ rev (3m)1.22%
EPS NY rev (1m)0.05%
EPS NY rev (3m)1.78%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)0.22%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.55%
Valuation
Industry RankSector Rank
PE 34.18
Fwd PE 29.63
P/S 2.91
P/FCF 38.89
P/OCF 26.76
P/B 18.36
P/tB 18.55
EV/EBITDA 21.52
EPS(TTM)3.83
EY2.93%
EPS(NY)4.42
Fwd EY3.37%
FCF(TTM)3.37
FCFY2.57%
OCF(TTM)4.89
OCFY3.74%
SpS44.93
BVpS7.13
TBVpS7.06
PEG (NY)3.14
PEG (5Y)3.52
Graham Number24.79
Profitability
Industry RankSector Rank
ROA 14.55%
ROE 54.7%
ROCE 31.49%
ROIC 23.62%
ROICexc 30.24%
ROICexgc 30.41%
OM 11.31%
PM (TTM) 8.68%
GM 30.85%
FCFM 7.49%
ROA(3y)14.23%
ROA(5y)10.91%
ROE(3y)58.06%
ROE(5y)46.09%
ROIC(3y)21.84%
ROIC(5y)17.51%
ROICexc(3y)30.48%
ROICexc(5y)25.26%
ROICexgc(3y)30.69%
ROICexgc(5y)25.45%
ROCE(3y)29.12%
ROCE(5y)23.34%
ROICexgc growth 3Y0.34%
ROICexgc growth 5Y4.93%
ROICexc growth 3Y0.41%
ROICexc growth 5Y4.95%
OM growth 3Y4.52%
OM growth 5Y1.05%
PM growth 3Y8.47%
PM growth 5Y1.93%
GM growth 3Y1.68%
GM growth 5Y0.82%
F-Score6
Asset Turnover1.68
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 0.65
Debt/EBITDA 0.24
Cap/Depr 162.98%
Cap/Sales 3.4%
Interest Coverage 250
Cash Conversion 81.28%
Profit Quality 86.31%
Current Ratio 1.09
Quick Ratio 0.43
Altman-Z N/A
F-Score6
WACC9.73%
ROIC/WACC2.43
Cap/Depr(3y)172.21%
Cap/Depr(5y)140.45%
Cap/Sales(3y)3.17%
Cap/Sales(5y)2.68%
Profit Quality(3y)86.1%
Profit Quality(5y)946.84%
High Growth Momentum
Growth
EPS 1Y (TTM)6.59%
EPS 3Y14.34%
EPS 5Y9.71%
EPS Q2Q%12.28%
EPS Next Y10.89%
EPS Next 2Y10.71%
EPS Next 3Y10.95%
EPS Next 5Y10.34%
Revenue 1Y (TTM)4.53%
Revenue growth 3Y5.1%
Revenue growth 5Y6.2%
Sales Q2Q%7.49%
Revenue Next Year6.63%
Revenue Next 2Y6.09%
Revenue Next 3Y6.19%
Revenue Next 5Y5.64%
EBIT growth 1Y6.84%
EBIT growth 3Y9.84%
EBIT growth 5Y7.32%
EBIT Next Year30.44%
EBIT Next 3Y15.72%
EBIT Next 5Y11.02%
FCF growth 1Y-4.88%
FCF growth 3Y27.77%
FCF growth 5Y8.1%
OCF growth 1Y2.22%
OCF growth 3Y26%
OCF growth 5Y8.5%

TJX COMPANIES INC / TJX.DE FAQ

Can you provide the ChartMill fundamental rating for TJX COMPANIES INC?

ChartMill assigns a fundamental rating of 6 / 10 to TJX.DE.


What is the valuation status of TJX COMPANIES INC (TJX.DE) stock?

ChartMill assigns a valuation rating of 2 / 10 to TJX COMPANIES INC (TJX.DE). This can be considered as Overvalued.


What is the profitability of TJX stock?

TJX COMPANIES INC (TJX.DE) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for TJX stock?

The Price/Earnings (PE) ratio for TJX COMPANIES INC (TJX.DE) is 34.18 and the Price/Book (PB) ratio is 18.36.


What is the expected EPS growth for TJX COMPANIES INC (TJX.DE) stock?

The Earnings per Share (EPS) of TJX COMPANIES INC (TJX.DE) is expected to grow by 10.89% in the next year.