TJX COMPANIES INC (TJX) Fundamental Analysis & Valuation

NYSE:TJX • US8725401090

159.33 USD
-1.6 (-0.99%)
At close: Mar 6, 2026
159.016 USD
-0.31 (-0.2%)
After Hours: 3/6/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This TJX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

Taking everything into account, TJX scores 6 out of 10 in our fundamental rating. TJX was compared to 123 industry peers in the Specialty Retail industry. TJX gets an excellent profitability rating and is at the same time showing great financial health properties. TJX does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

8

1. TJX Profitability Analysis

1.1 Basic Checks

  • TJX had positive earnings in the past year.
  • TJX had a positive operating cash flow in the past year.
  • TJX had positive earnings in 4 of the past 5 years.
  • TJX had a positive operating cash flow in 4 of the past 5 years.
TJX Yearly Net Income VS EBIT VS OCF VS FCFTJX 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

  • Looking at the Return On Assets, with a value of 14.55%, TJX belongs to the top of the industry, outperforming 92.68% of the companies in the same industry.
  • With an excellent Return On Equity value of 54.70%, TJX belongs to the best of the industry, outperforming 97.56% of the companies in the same industry.
  • TJX has a better Return On Invested Capital (23.62%) than 91.87% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TJX is significantly above the industry average of 13.62%.
  • 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 Yearly ROA, ROE, ROICTJX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • The Profit Margin of TJX (8.68%) is better than 87.80% 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 85.37% of its industry peers.
  • In the last couple of years the Operating Margin of TJX has remained more or less at the same level.
  • With a Gross Margin value of 30.85%, TJX is not doing good in the industry: 64.23% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of TJX has remained more or less at the same level.
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 Yearly Profit, Operating, Gross MarginsTJX 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

7

2. TJX Health Analysis

2.1 Basic Checks

  • TJX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • There is no outstanding debt for TJX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
TJX Yearly Shares OutstandingTJX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TJX Yearly Total Debt VS Total AssetsTJX 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

  • An Altman-Z score of 6.84 indicates that TJX is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of TJX (6.84) is better than 91.87% of its industry peers.
  • 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 better Debt to FCF ratio (0.65) than 82.93% of its industry peers.
  • TJX has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • TJX's Debt to Equity ratio of 0.20 is fine compared to the rest of the industry. TJX outperforms 63.41% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF 0.65
Altman-Z 6.84
ROIC/WACC2.44
WACC9.67%
TJX Yearly LT Debt VS Equity VS FCFTJX 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.
  • TJX has a Current ratio of 1.09. This is in the lower half of the industry: TJX underperforms 66.67% of its industry peers.
  • A Quick Ratio of 0.43 indicates that TJX may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.43, TJX is in line with its industry, outperforming 42.28% of the companies in the same industry.
  • The current and quick ratio evaluation for TJX is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 0.43
TJX Yearly Current Assets VS Current LiabilitesTJX 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. TJX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 11.03% over the past year.
  • TJX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 74.78% yearly.
EPS 1Y (TTM)11.03%
EPS 3Y14.88%
EPS 5Y74.78%
EPS Q2Q%16.26%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%8.52%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.22% on average over the next years. This is quite good.
  • TJX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.19% yearly.
EPS Next Y9.21%
EPS Next 2Y10.1%
EPS Next 3Y9.74%
EPS Next 5Y9.22%
Revenue Next Year6.3%
Revenue Next 2Y6.07%
Revenue Next 3Y6.55%
Revenue Next 5Y6.19%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
TJX Yearly Revenue VS EstimatesTJX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 20B 40B 60B 80B
TJX Yearly EPS VS EstimatesTJX 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. TJX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 33.68, the valuation of TJX can be described as expensive.
  • 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 26.29, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 30.84, which means the current valuation is very expensive for TJX.
  • 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 (24.57), we can say TJX is valued slightly more expensively.
Industry RankSector Rank
PE 33.68
Fwd PE 30.84
TJX Price Earnings VS Forward Price EarningsTJX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • TJX's Enterprise Value to EBITDA ratio is in line with the industry average.
  • TJX's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 40.05
EV/EBITDA 22.4
TJX Per share dataTJX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of TJX may justify a higher PE ratio.
PEG (NY)3.66
PEG (5Y)0.45
EPS Next 2Y10.1%
EPS Next 3Y9.74%

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

5

5. TJX Dividend Analysis

5.1 Amount

  • TJX has a Yearly Dividend Yield of 1.06%.
  • Compared to an average industry Dividend Yield of 2.30, TJX pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, TJX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.06%

5.2 History

  • The dividend of TJX is nicely growing with an annual growth rate of 10.53%!
  • TJX has paid a dividend for at least 10 years, which is a reliable track record.
  • TJX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)10.53%
Div Incr Years4
Div Non Decr Years4
TJX Yearly Dividends per shareTJX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • TJX pays out 35.03% of its income as dividend. This is a sustainable payout ratio.
  • TJX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP35.03%
EPS Next 2Y10.1%
EPS Next 3Y9.74%
TJX Yearly Income VS Free CF VS DividendTJX 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 Dividend Payout.TJX Dividend Payout, showing the Payout Ratio.TJX Dividend Payout.PayoutRetained Earnings

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TJX Fundamentals: All Metrics, Ratios and Statistics

TJX COMPANIES INC

NYSE:TJX (3/6/2026, 8:04:00 PM)

After market: 159.016 -0.31 (-0.2%)

159.33

-1.6 (-0.99%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)02-25
Earnings (Next)05-20
Inst Owners92.35%
Inst Owner Change-0.47%
Ins Owners0.08%
Ins Owner Change-1.48%
Market Cap176.93B
Revenue(TTM)N/A
Net Income(TTM)5.12B
Analysts84.8
Price Target169.95 (6.67%)
Short Float %1.11%
Short Ratio2.33
Dividend
Industry RankSector Rank
Dividend Yield 1.06%
Yearly Dividend1.46
Dividend Growth(5Y)10.53%
DP35.03%
Div Incr Years4
Div Non Decr Years4
Ex-Date02-12
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)1.89%
PT rev (3m)8.73%
EPS NQ rev (1m)0.37%
EPS NQ rev (3m)0.64%
EPS NY rev (1m)0.01%
EPS NY rev (3m)1.7%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.35%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)0.55%
Valuation
Industry RankSector Rank
PE 33.68
Fwd PE 30.84
P/S 3
P/FCF 40.05
P/OCF 27.56
P/B 18.9
P/tB 19.1
EV/EBITDA 22.4
EPS(TTM)4.73
EY2.97%
EPS(NY)5.17
Fwd EY3.24%
FCF(TTM)3.98
FCFY2.5%
OCF(TTM)5.78
OCFY3.63%
SpS53.11
BVpS8.43
TBVpS8.34
PEG (NY)3.66
PEG (5Y)0.45
Graham Number29.95
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 6.84
F-Score6
WACC9.67%
ROIC/WACC2.44
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)11.03%
EPS 3Y14.88%
EPS 5Y74.78%
EPS Q2Q%16.26%
EPS Next Y9.21%
EPS Next 2Y10.1%
EPS Next 3Y9.74%
EPS Next 5Y9.22%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%8.52%
Revenue Next Year6.3%
Revenue Next 2Y6.07%
Revenue Next 3Y6.55%
Revenue Next 5Y6.19%
EBIT growth 1Y6.84%
EBIT growth 3Y9.84%
EBIT growth 5Y7.32%
EBIT Next Year30.68%
EBIT Next 3Y15.8%
EBIT Next 5Y11.64%
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 FAQ

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

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


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

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


What is the profitability of TJX stock?

TJX COMPANIES INC (TJX) has a profitability rating of 8 / 10.


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

The Price/Earnings (PE) ratio for TJX COMPANIES INC (TJX) is 33.68 and the Price/Book (PB) ratio is 18.9.


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

The Earnings per Share (EPS) of TJX COMPANIES INC (TJX) is expected to grow by 9.21% in the next year.