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TJX Companies Inc  (NYSE:TJX) Book Value per Share: $7.05 (As of Jul. 2017)

TJX Companies Inc's book value per share for the quarter that ended in Jul. 2017 was $7.05.

During the past 12 months, TJX Companies Inc's average Book Value Per Share Growth Rate was 3.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 10.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TJX Companies Inc was 31.50% per year. The lowest was -27.20% per year. And the median was 13.10% per year.

TJX Companies Inc's current price is $72.42. Its book value per share for the quarter that ended in Jul. 2017 was $7.05. Hence, today's PB Ratio of TJX Companies Inc is 10.28.

During the past 13 years, the highest P/B Ratio of TJX Companies Inc was 12.22. The lowest was 3.76. And the median was 8.73.

Good Sign:

TJX Companies Inc stock PB Ratio (=10.28) is close to 3-year low of 9.51


Historical Data

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

* Premium members only.

TJX Companies Inc Annual Data

Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17
Book Value per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.90 5.82 6.23 6.49 6.98

TJX Companies Inc Quarterly Data

Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
Book Value per Share Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.78 6.64 6.98 7.07 7.05

Competitive Comparison
* 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.


Calculation

TJX Companies Inc's Book Value Per Share for the fiscal year that ended in Jan. 2017 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Shares Outstanding (EOP)
=(4,511-0)/646
=6.98

TJX Companies Inc's Book Value Per Share for the quarter that ended in Jul. 2017 is calculated as:

Book Value Per Share=(Total Equity-Preferred Stock)/Shares Outstanding (EOP)
=(4,541-0)/645
=7.04

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

Theoretically it is what the shareholders will receive if the company is liquidated. Total Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.


Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Related Terms


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From the Internet

TJX
10 Dividend Growth Stocks September 2017

- Seekingalpha 2017-09-21 01:04:44

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