Tjx Companies Inc (TJX)

Retail-Family Clothing Stores

Latest Price

$132.31

TTM P/E

24.50

Normalized P/E

32.86

Div Yield

1.37%

Book Value

9.68

P/B Ratio

13.66

Valuation metrics

EPS: $4.87

Book value / share: $9.20

Formula: √(22.5 × EPS × BVPS)

Graham Number

$31.76

76% downside

Norm. op. income: $4.7B (median of 7yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$35.96

73% downside

Base FCF: $4.2B (median of recent 5yr)

Growth: 21%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$216.12

+63% upside

EPS: $4.87

Target P/E: 33×

Formula: EPS × P/E

P/E Fair Value

$160.71

+21% upside

90.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	108.84M	$16.49B	9.88%	+1.34M	2026-06-30
Vanguard Capital Management LLC	72.22M	$10.94B	6.56%	+60.0K	2026-06-30
State Street Corp	49.71M	$7.53B	4.51%	+1.39M	2026-06-30
Geode Capital Management, LLC	28.89M	$4.36B	2.62%	-299.7K	2026-06-30
Morgan Stanley	27.03M	$4.09B	2.45%	+306.4K	2026-06-30
FMR LLC	25.44M	$3.85B	2.31%	-2.11M	2026-06-30
Bank of America Corp	23.18M	$3.51B	2.10%	-2.03M	2026-06-30
Vanguard Portfolio Management LLC	20.21M	$3.06B	1.84%	+400.3K	2026-06-30
JPMorgan Chase & Co	16.94M	$2.56B	1.54%	-624.7K	2026-06-30
Ameriprise Financial Inc	14.56M	$2.21B	1.32%	+1.32M	2026-06-30