As of today (2024-04-19), Target's share price is $167.82. Target's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was $27.71. Hence, Target's Price to Tangible Book Ratio of today is 6.06.
The historical rank and industry rank for Target's Price-to-Tangible-Book or its related term are showing as below:
TGT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.35 Med: 4.37 Max: 8.54
Current: 6.06
During the past 13 years, Target's highest Price to Tangible Book Ratio was 8.54. The lowest was 3.35. And the median was 4.37.
TGT's Price-to-Tangible-Book is ranked worse than 80.07% of 281
companies
in the Retail - Defensive industry
Industry Median: 1.98
vs TGT: 6.06
A closely related ratio is called PB Ratio. As of today, Target's share price is $167.82. Target's Book Value per Sharefor the quarter that ended in Jan. 2024 was $29.09. Hence, Target's P/B Ratio of today is 5.77.
Target Price-to-Tangible-Book Historical Data
The historical data trend for Target's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Target Annual Data
Trend
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Jan24
Price-to-Tangible-Book
5.01
6.59
8.54
7.48
5.02
Target Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Price-to-Tangible-Book
7.48
6.27
5.25
4.09
5.02
Competitive Comparison
For the Discount Stores subindustry, Target's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Target Price-to-Tangible-Book Distribution
For the Retail - Defensive industry and Consumer Defensive sector, Target's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Target's Price-to-Tangible-Book falls into.
Target Price-to-Tangible-Book Calculation
Target's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Target Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Target's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
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