Obermatt

TJX Companies

NYQ:TJX · US8725401090
Specialty RetailXX-Large

360

43
EV / EBIT18
Price / Owner Earnings19
Owner Earnings Yield44
Dividend Yield79
Price/Sales11
EV / Gross Profit7
Price/Book7
Return on Capital93
Cash Return on Capital90
Return on Equity98
EBIT Margin75
Gross Profitability45
Cash Conversion26
Accruals31
Owner Earnings Margin79
Sales growth75
Profit Growth96
Long-Term EPS Growth60
Owner Earnings Growth62
Reinvestment76
Price momentum63
Debt load58
Refinancing21
Debt Payback56
Liquidity93
Analyst ratings85
Opinion Changes79
Price Target Upside20
Market mood89
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

TJX Companies generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustrySpecialty Retail
SizeXX-Large
TypePublic Company
ExchangeNYSE
Founded1962
Employees26,040
Websitetjx.com
ISINUS8725401090
Last UpdateApr 2, 2026
Themes
LifestyleFast-Moving Consumer GoodsHome ImprovementBeautyFashionFurnitureJewelryLocal BusinessRetail

Description

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
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.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →