P/E ratio for TJX Companies (TJX)
P/E ratio as of June 2024 (TTM): 30.0
According to TJX Companies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 29.9766. At the end of 2022 the company had a P/E ratio of 27.4.
P/E ratio history for TJX Companies from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 27.4 | -19.81% |
| 2021 | 34.2 | -68.91% |
| 2020 | 110 | 362.45% |
| 2019 | 23.8 | 31.31% |
| 2018 | 18.1 | -10.87% |
| 2017 | 20.3 | -6.15% |
| 2016 | 21.6 | 1.49% |
| 2015 | 21.3 | -4.78% |
| 2014 | 22.4 | 5.18% |
| 2013 | 21.3 | 20.68% |
| 2012 | 17.6 | -3.27% |
| 2011 | 18.2 | 42.2% |
| 2010 | 12.8 | -9.47% |
| 2009 | 14.2 | 51.45% |
| 2008 | 9.35 | -50.53% |
| 2007 | 18.9 | 19.29% |
| 2006 | 15.8 | -23.61% |
| 2005 | 20.7 | 13.07% |
| 2004 | 18.3 | -5.07% |
| 2003 | 19.3 | 8.03% |
| 2002 | 17.9 | -22.38% |
| 2001 | 23.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Gap Inc.
GPS | 77.7 | 159.05% | 🇺🇸 USA |
 Nordstrom JWN | 105 | 250.77% | 🇺🇸 USA |
 Ross Stores ROST | 29.4 | -1.79% | 🇺🇸 USA |
 Macy's
M | 6.93 | -76.87% | 🇺🇸 USA |
 Target TGT | 20.5 | -31.70% | 🇺🇸 USA |
 Urban Outfitters
URBN | 17.1 | -42.91% | 🇺🇸 USA |
 American Eagle Outfitters
AEO | 20.8 | -30.69% | 🇺🇸 USA |
 Guess GES | 8.79 | -70.67% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.