The TJX Companies, Inc. is the primary off-price apparel and home fashions retailer in the United States and internationally.
The company has various stores and branded e-commerce sites that offer a rapidly changing assortment of quality, fashionabl…
Analysis
Hope premium
The TJX Companies, Inc. is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 37.6×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 15% a year, against analyst forecasts of 9%. The gap between price and consensus is worth watching: demanding expectations.
Growth is moderate; the safety picture is adequate. The company scores 18/20 on our value-creation score: strong value creator.
Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202349
84
2023202420252026
All-time high
93
May 2025
All-time low
49
Jan 2023
Average rank
81
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
11
15
9
14
Price/Earnings
1
12
25
15
Price/Book
7
3
1
3
Dividend Yield
79
70
76
68
Value (overall)
14
12
13
8
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.