P/E ratio for TJX Companies (TJX)
P/E ratio as of March 2023 (TTM): 25.0
According to TJX Companies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.9767. At the end of 2021 the company had a P/E ratio of 34.2.
P/E ratio history for TJX Companies from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Gap Inc.
GPS | 57.7 | 131.09% | 🇺🇸 USA |
 Nordstrom JWN | 10.6 | -57.65% | 🇺🇸 USA |
 Ross Stores ROST | 23.4 | -6.48% | 🇺🇸 USA |
 Macy's
M | 4.20 | -83.17% | 🇺🇸 USA |
 Target TGT | 26.2 | 5.01% | 🇺🇸 USA |
 Urban Outfitters
URBN | 15.3 | -38.64% | 🇺🇸 USA |
 American Eagle Outfitters
AEO | 19.0 | -23.96% | 🇺🇸 USA |
 Guess GES | 9.29 | -62.79% | 🇺🇸 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.