Stock Analysis on Net

Target Corp. (NYSE:TGT)

Common Stock Valuation Ratios (Price Multiples)

Microsoft Excel

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Current Valuation Ratios

Target Corp., current price multiples

Microsoft Excel
Target Corp. Costco Wholesale Corp. Walmart Inc. Consumer Staples Distribution & Retail Consumer Staples
Selected Financial Data
Current share price (P) $103.65
No. shares of common stock outstanding 455,576,464
Growth rate (g) 16.36%
 
Earnings per share (EPS) $8.98
Next year expected EPS $10.45
Operating profit per share $12.22
Sales per share $233.91
Book value per share (BVPS) $32.19
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 11.54 55.99 35.12 42.28 32.29
Price to next year expected earnings 9.92 50.41 31.83 38.12 29.01
Price-earnings-growth (PEG) 0.71 5.06 3.40 3.87 2.86
Price to operating profit (P/OP) 8.48 44.42 23.26 27.20 23.00
Price to sales (P/S) 0.44 1.65 1.01 1.14 1.83
Price to book value (P/BV) 3.22 17.46 7.50 9.45 10.35

Based on: 10-K (reporting date: 2025-02-01).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Target Corp., historical price multiples

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Price to earnings (P/E) 11.95 18.60 27.08 14.38 20.39 16.12
Price to operating profit (P/OP) 8.78 13.48 19.56 11.17 13.62 11.35
Price to sales (P/S) 0.46 0.72 0.69 0.94 0.95 0.68
Price to book value (P/BV) 3.33 5.73 6.70 7.79 6.17 4.47

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Target Corp. P/E ratio decreased from 2023 to 2024 and from 2024 to 2025.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Target Corp. P/OP ratio decreased from 2023 to 2024 and from 2024 to 2025.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Target Corp. P/S ratio increased from 2023 to 2024 but then decreased significantly from 2024 to 2025.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Target Corp. P/BV ratio decreased from 2023 to 2024 and from 2024 to 2025.

Price to Earnings (P/E)

Target Corp., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
No. shares of common stock outstanding1 455,576,464 461,690,206 460,363,991 462,418,075 498,616,180 500,961,951
Selected Financial Data (US$)
Net earnings (in millions) 4,091 4,138 2,780 6,946 4,368 3,281
Earnings per share (EPS)2 8.98 8.96 6.04 15.02 8.76 6.55
Share price1, 3 107.28 166.67 163.51 216.00 178.58 105.58
Valuation Ratio
P/E ratio4 11.95 18.60 27.08 14.38 20.39 16.12
Benchmarks
P/E Ratio, Competitors5
Costco Wholesale Corp. 54.68 39.79 36.38 39.65 40.02
Walmart Inc. 35.20 31.52 32.17 29.27 27.47 21.69
P/E Ratio, Sector
Consumer Staples Distribution & Retail 35.86 33.80 26.93 28.78 24.18
P/E Ratio, Industry
Consumer Staples 29.43 26.62 25.35 26.07 24.12

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).

1 Data adjusted for splits and stock dividends.

2 2025 Calculation
EPS = Net earnings ÷ No. shares of common stock outstanding
= 4,091,000,000 ÷ 455,576,464 = 8.98

3 Closing price as at the filing date of Target Corp. Annual Report.

4 2025 Calculation
P/E ratio = Share price ÷ EPS
= 107.28 ÷ 8.98 = 11.95

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Target Corp. P/E ratio decreased from 2023 to 2024 and from 2024 to 2025.

Price to Operating Profit (P/OP)

Target Corp., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
No. shares of common stock outstanding1 455,576,464 461,690,206 460,363,991 462,418,075 498,616,180 500,961,951
Selected Financial Data (US$)
Operating income (in millions) 5,566 5,707 3,848 8,946 6,539 4,658
Operating profit per share2 12.22 12.36 8.36 19.35 13.11 9.30
Share price1, 3 107.28 166.67 163.51 216.00 178.58 105.58
Valuation Ratio
P/OP ratio4 8.78 13.48 19.56 11.17 13.62 11.35
Benchmarks
P/OP Ratio, Competitors5
Costco Wholesale Corp. 43.38 30.86 27.28 29.60 29.47
Walmart Inc. 23.31 18.10 18.40 15.43 16.46 15.69
P/OP Ratio, Sector
Consumer Staples Distribution & Retail 23.06 21.66 16.70 18.40 17.48
P/OP Ratio, Industry
Consumer Staples 20.96 19.82 18.28 19.01 18.29

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).

1 Data adjusted for splits and stock dividends.

2 2025 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= 5,566,000,000 ÷ 455,576,464 = 12.22

3 Closing price as at the filing date of Target Corp. Annual Report.

4 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 107.28 ÷ 12.22 = 8.78

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Target Corp. P/OP ratio decreased from 2023 to 2024 and from 2024 to 2025.

Price to Sales (P/S)

Target Corp., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
No. shares of common stock outstanding1 455,576,464 461,690,206 460,363,991 462,418,075 498,616,180 500,961,951
Selected Financial Data (US$)
Net sales (in millions) 106,566 107,412 109,120 106,005 93,561 78,112
Sales per share2 233.91 232.65 237.03 229.24 187.64 155.92
Share price1, 3 107.28 166.67 163.51 216.00 178.58 105.58
Valuation Ratio
P/S ratio4 0.46 0.72 0.69 0.94 0.95 0.68
Benchmarks
P/S Ratio, Competitors5
Costco Wholesale Corp. 1.61 1.05 0.95 1.03 0.98
Walmart Inc. 1.01 0.76 0.62 0.70 0.67 0.62
P/S Ratio, Sector
Consumer Staples Distribution & Retail 0.97 0.74 0.79 0.78 0.70
P/S Ratio, Industry
Consumer Staples 1.67 1.45 1.54 1.61 1.49

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).

1 Data adjusted for splits and stock dividends.

2 2025 Calculation
Sales per share = Net sales ÷ No. shares of common stock outstanding
= 106,566,000,000 ÷ 455,576,464 = 233.91

3 Closing price as at the filing date of Target Corp. Annual Report.

4 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= 107.28 ÷ 233.91 = 0.46

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Target Corp. P/S ratio increased from 2023 to 2024 but then decreased significantly from 2024 to 2025.

Price to Book Value (P/BV)

Target Corp., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Feb 1, 2025 Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
No. shares of common stock outstanding1 455,576,464 461,690,206 460,363,991 462,418,075 498,616,180 500,961,951
Selected Financial Data (US$)
Shareholders’ investment (in millions) 14,666 13,432 11,232 12,827 14,440 11,833
Book value per share (BVPS)2 32.19 29.09 24.40 27.74 28.96 23.62
Share price1, 3 107.28 166.67 163.51 216.00 178.58 105.58
Valuation Ratio
P/BV ratio4 3.33 5.73 6.70 7.79 6.17 4.47
Benchmarks
P/BV Ratio, Competitors5
Costco Wholesale Corp. 17.05 9.99 10.30 11.30 8.76
Walmart Inc. 7.52 5.83 4.90 4.81 4.59 4.32
P/BV Ratio, Sector
Consumer Staples Distribution & Retail 8.01 6.21 6.11 5.83 5.11
P/BV Ratio, Industry
Consumer Staples 9.43 8.14 8.11 8.15 7.44

Based on: 10-K (reporting date: 2025-02-01), 10-K (reporting date: 2024-02-03), 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01).

1 Data adjusted for splits and stock dividends.

2 2025 Calculation
BVPS = Shareholders’ investment ÷ No. shares of common stock outstanding
= 14,666,000,000 ÷ 455,576,464 = 32.19

3 Closing price as at the filing date of Target Corp. Annual Report.

4 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= 107.28 ÷ 32.19 = 3.33

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Target Corp. P/BV ratio decreased from 2023 to 2024 and from 2024 to 2025.