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As of today, TJX Companies's share price is $68.27. TJX Companies's Tangible Book Value per Share of Oct. 2014 for the quarter that ended in Oct. 2014 was $5.90. Hence, TJX Companies's Price to Tangible Book Ratio of today is 11.57.
During the past 13 years, TJX Companies's highest Price to Tangible Book Ratio was 11.34. The lowest was 2.05. And the median was 7.37.
A closely related ratio is called P/B Ratio. As of today, TJX Companies's share price is $68.27. TJX Companies's Book Value per Share for the quarter that ended in Oct. 2014 was $6.35. Hence, TJX Companies's P/B Ratio of today is 10.75.
TJX Companies's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Oct. 2014 )|
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)|
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.
TJX Companies Annual Data
TJX Companies Quarterly Data