TJX Cos. Inc., current enterprise value calculation

Current share price (P)	$126.50
No. shares of common stock outstanding	1,117,100,487
US$ in millions
Common equity (market value)¹	141,313)
Add: Preferred stock, par value $1, no shares issued (per books)	—)
Total equity	141,313)
Add: Current portion of long-term debt (per books)	—)
Add: Long-term debt, excluding current portion (per books)	2,866)
Total equity and debt	144,179)
Less: Cash and cash equivalents	5,335)
Enterprise value (EV)	138,844)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 126.50 × 1,117,100,487

TJX Cos. Inc., EV calculation

	Feb 1, 2025	Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Share price^1, 2	$124.93	$97.28	$76.55	$62.00	$66.15	$46.80
No. shares of common stock outstanding¹	1,117,100,487	1,132,973,879	1,152,568,938	1,175,228,119	1,205,970,255	1,197,698,188
US$ in millions
Common equity (market value)³	139,559)	110,216)	88,229)	72,864)	79,775)	56,052)
Add: Preferred stock, par value $1, no shares issued (book value)	—)	—)	—)	—)	—)	—)
Total equity	139,559)	110,216)	88,229)	72,864)	79,775)	56,052)
Add: Current portion of long-term debt (book value)	—)	—)	500)	—)	750)	—)
Add: Long-term debt, excluding current portion (book value)	2,866)	2,862)	2,859)	3,355)	5,333)	2,237)
Total equity and debt	142,425)	113,078)	91,588)	76,219)	85,858)	58,289)
Less: Cash and cash equivalents	5,335)	5,600)	5,477)	6,227)	10,470)	3,217)
Enterprise value (EV)	137,090)	107,478)	86,111)	69,992)	75,388)	55,072)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of TJX Cos. Inc. Annual Report.

³ 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 124.93 × 1,117,100,487

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	TJX Cos. Inc. EV increased from 2023 to 2024 and from 2024 to 2025.

TJX Cos. Inc. (NYSE:TJX)

Enterprise Value (EV)