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GuruFocus has detected 4 Warning Signs with TJX Companies Inc $TJX.
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TJX Companies Inc (NYSE:TJX)
Price-to-Tangible-Book
12.40 (As of Today)

As of today, TJX Companies Inc's share price is $78.60. TJX Companies Inc's Tangible Book Value per Share of Jan. 2017 for the quarter that ended in Jan. 2017 was $6.34. Hence, TJX Companies Inc's Price to Tangible Book Ratio of today is 12.40.

TJX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.1   Max: 12.42
Current: 12.4

4.1
12.42

During the past 13 years, TJX Companies Inc's highest Price to Tangible Book Ratio was 12.42. The lowest was 4.10. And the median was 8.29.

TJX's Price-to-Tangible-Book is ranked lower than
90% of the 1008 Companies
in the Global Apparel Stores industry.

( Industry Median: 2.29 vs. TJX: 12.40 )

A closely related ratio is called P/B Ratio. As of today, TJX Companies Inc's share price is $78.60. TJX Companies Inc's Book Value per Share for the quarter that ended in Jan. 2017 was $6.86. Hence, TJX Companies Inc's P/B Ratio of today is 11.46.


Definition

TJX Companies Inc's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book Value per Share (Q: Jan. 2017 )
=78.60/6.34
=12.40

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Equity-Preferred Stock-Intangibles)

A closely related ratio is called P/B Ratio. The difference between Price-to-Tangible-Book Ratio and P/B 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.


Related Terms

P/B Ratio, Tangible Book Value per Share


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

TJX Companies Inc Annual Data

Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16Jan17
p2tangible_book 6.944.105.746.338.4010.0810.6411.4211.9311.94

TJX Companies Inc Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
p2tangible_book 10.7411.4211.0611.8712.2211.9311.9913.0712.0611.82
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