TJX Companies (TJX)
Forward P/E is 25.70x against a peer median of 25.30x, a ratio of 1.02x — inside the 0.90–1.15 fairly priced band — with trailing P/E 25.73x and PEG 2.82. Latest-quarter revenue growth was +5.4% year over year (PRIMARY, EDGAR), a little below the cluster median. Delivered demand check: the Retail — broadline & specialty group's median growth was +8.1% year over year — demand rising, though this company is growing slightly more slowly than the group, which keeps the label at fairly priced rather than cheap.
What would change this label: Move to UNDERVALUED if the forward P/E compresses to about 22.8x or below (0.90x the peer median) at unchanged estimates with revenue growth recovering to the cluster median or above. Move to OVERVALUED if the forward P/E rises above about 29.1x (1.15x the peer median) at unchanged estimates, or if revenue growth falls to 0% or below while the multiple stays above 25x.
TJX runs off-price stores such as T.J. Maxx and Marshalls, selling brand-name goods at a discount. Its shares cost almost exactly what similar retailers cost, and its sales are growing steadily, if a bit slower than the group. Fairly priced.
Both lines start at 100 on 2020-09-01. Over the full window TJX Companies returned +153.66% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for TJX Companies: -28.3% (2022-01-04 to 2022-05-11). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 25.70x against a peer median of 25.30x, a ratio of 1.02x — inside the 0.90–1.15 fairly priced band — with trailing P/E 25.73x and PEG 2.82. Latest-quarter revenue growth was +5.4% year over year (PRIMARY, EDGAR), a little below the cluster median. Delivered demand check: the Retail — broadline & specialty group's median growth was +8.1% year over year — demand rising, though this company is growing slightly more slowly than the group, which keeps the label at fairly priced rather than cheap. The company’s forward P/E is 25.7× against a peer median of 25.3×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Retail — broadline & specialty group's median latest-quarter revenue growth was +8.1% year over year (SEC filings) — demand rising. This company grew more slowly than the group, at +5.4%. Latest-quarter sales growth was +5.4% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| TJX Companies (TJX) | $139.03 | 25.7× | 25.7× |
| DASH | $170.72 | 25.3× | 89.7× |
| ROST | $228.03 | 26.7× | 27.6× |
| ORLY | $88.89 | 25.7× | 28.2× |
| EBAY | $116.28 | 18.6× | 24.0× |
| AZO | $3,141.56 | 18.5× | 20.6× |
| Peer median | 25.3× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow = cash from operations minus spending on plant and equipment, both from the company’s SEC cash-flow statement. Gaps are quarters where that spending line is not separately tagged in the filings — shown as gaps, never estimated.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Aug 2026 2026-08-01 | $15.2B | — | $1.5B | 1.36 | $1.7B |
| Q/E May 2026 2026-05-02 | $14.3B | — | $1.3B | 1.19 | $457M |
| Q/E Jan 2026 2026-01-31 | $17.7B | — | $1.8B | — | $2.7B |
| Q/E Nov 2025 2025-11-01 | $15.1B | — | $1.4B | 1.28 | $1.0B |
| Q/E Aug 2025 2025-08-02 | $14.4B | — | $1.2B | 1.10 | $1.3B |
| Q/E May 2025 2025-05-03 | $13.1B | — | $1.0B | 0.92 | $-103M |
| Q/E Feb 2025 2025-02-01 | $16.4B | — | $1.4B | — | $2.2B |
| Q/E Nov 2024 2024-11-02 | $14.1B | — | $1.3B | 1.14 | $624M |
| Q/E Aug 2024 2024-08-03 | $13.5B | — | $1.1B | 0.96 | $1.1B |
| Q/E May 2024 2024-05-04 | $12.5B | — | $1.1B | 0.93 | $318M |
| Q/E Feb 2024 2024-02-03 | $16.4B | — | $1.4B | — | $2.4B |
| Q/E Oct 2023 2023-10-28 | $13.3B | — | $1.2B | 1.03 | $711M |
The last twelve reported quarters. Full 24-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | TJX COMPANIES INC /DE/ |
| Chief executive | Ernie Herrman (source: https://stockanalysis.com/stocks/tjx/company/) |
| Sector | Consumer Discretionary — Apparel Retail — sells discounted brand-name clothing and home goods in off-price stores |
| Share price (Oct 28, 2026) | $139.03 |
| Market value (market cap) | $154.2B — share price times shares outstanding of 1,099,974,061 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $62.4B |
| Net income, last twelve months | $6.1B |
| Free cash flow, last twelve months | $5.9B |
| Latest reported quarter | Q/E Aug 2026 (of 24 quarters in the data pack) |
| Six-year price return vs S&P 500 | +153.66% vs +118.28% |
| Worst peak-to-trough fall | -28.3% (2022-01-04 to 2022-05-11) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0000109198.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0000109198.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/TJX/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.