TJX (LTS:0LCE) Cyclically Adjusted PS Ratio: 3.42 (As of Jul. 20, 2026) — 41% Above Median

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LTS:0LCE TJX Companies Inc LTS:0LCE
89 GF Score
Price $154.27
GF Value $136.83
Valuation Modestly Overvalued
! 3 Warning Signs
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What is TJX Cyclically Adjusted PS Ratio?

TJX LTS:0LCE -0.23% 89 Cyclically Adjusted PS Ratio is 3.42 as of Jul. 20, 2026, which is 41% above its 10-year median of 2.43. GuruFocus rates LTS:0LCE with a GF Score™ of 89/100 and a GF Value™ of $136.83 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 793 Retail - Cyclical companies, TJX ranks worse than 91.68% on this metric.

As of today (2026-07-20), TJX's current share price is $154.27. TJX's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was $45.09. TJX's Cyclically Adjusted PS Ratio for today is 3.42.

The historical rank and industry rank for TJX's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0LCE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.54   Med: 2.43   Max: 3.74
Current: 3.43

During the past years, TJX's highest Cyclically Adjusted PS Ratio was 3.74. The lowest was 1.54. And the median was 2.43.

LTS:0LCE's Cyclically Adjusted PS Ratio is ranked worse than
91.68% of 793 companies
in the Retail - Cyclical industry
Industry Median: 0.5 vs LTS:0LCE: 3.43

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

TJX's adjusted revenue per share data for the three months ended in Apr. 2026 was $12.788. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $45.09 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TJX  (LTS:0LCE) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


TJX Cyclically Adjusted PS Ratio Related Terms


TJX Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for TJX's Cyclically Adjusted PS Ratio 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.

TJX Cyclically Adjusted PS Ratio Chart

TJX Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.42 2.43 2.57 3.10 3.45

TJX Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial 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 3.13 2.97 3.28 3.45 3.48

LTS:0LCE vs ROST, BURL, LULU: Cyclically Adjusted PS Ratio Comparison

For the Apparel Retail subindustry, TJX's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


TJX Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, TJX's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where TJX's Cyclically Adjusted PS Ratio falls into.


LTS:0LCE
89GF Score
TJX Companies Inc LTS:0LCE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TJX Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

TJX's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=154.27/45.09
=3.42

* 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.

TJX's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, TJX's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=12.788/333.0200*333.0200
=12.788

Current CPI (Apr. 2026) = 333.0200.

TJX Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 5.912 240.628 8.182
201610 6.265 241.729 8.631
201701 7.196 242.839 9.868
201704 5.944 244.524 8.095
201707 6.446 244.786 8.769
201710 6.815 246.663 9.201
201801 8.584 247.867 11.533
201804 6.848 250.546 9.102
201807 7.371 252.006 9.741
201810 7.813 252.885 10.289
201901 8.940 251.712 11.828
201904 7.522 255.548 9.802
201907 7.959 256.571 10.330
201910 8.537 257.346 11.047
202001 10.010 257.971 12.922
202004 3.681 256.389 4.781
202007 5.563 259.101 7.150
202010 8.333 260.388 10.657
202101 8.660 261.582 11.025
202104 8.257 267.054 10.297
202107 9.894 273.003 12.069
202110 10.308 276.589 12.411
202201 11.485 281.148 13.604
202204 9.593 289.109 11.050
202207 10.053 296.276 11.300
202210 10.381 298.012 11.600
202301 12.389 299.170 13.791
202304 10.114 303.363 11.103
202307 10.989 305.691 11.971
202310 11.455 307.671 12.399
202401 14.233 308.417 15.368
202404 10.889 313.548 11.565
202407 11.773 314.540 12.465
202410 12.325 315.664 13.003
202501 14.393 317.671 15.088
202504 11.582 320.795 12.023
202507 12.767 323.048 13.161
202510 13.425 0.000
202601 15.772 325.252 16.149
202604 12.788 333.020 12.788

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 3.42 mean?
TJX (LTS:0LCE) has a Cyclically Adjusted PS Ratio of 3.42 as of Jul. 20, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on TJX and its competitors. This is 41% above median its historical median of 2.43. Over the past decade, TJX's Cyclically Adjusted PS Ratio has ranged from 1.54 to 3.74. According to the industry distribution chart, TJX ranks #727 out of 793 companies in the Retail - Cyclical industry, placing it in the top 91.7%.
Is TJX's Cyclically Adjusted PS Ratio too high?
TJX's current Cyclically Adjusted PS Ratio of 3.42 is 41% above median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 3.74. The Retail - Cyclical industry median Cyclically Adjusted PS Ratio is 0.50. TJX's value of 3.42 is 584% above this industry median. Based on the distribution chart, TJX ranks #727 out of 793 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, TJX has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TJX's Cyclically Adjusted PS Ratio compare to ROST and BURL?
According to the Retail - Cyclical industry distribution chart, TJX ranks #727 out of 793 companies for Cyclically Adjusted PS Ratio. This places TJX in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.50. TJX's value of 3.42 is 584% above this benchmark. Historically, TJX's own Cyclically Adjusted PS Ratio has ranged from 1.54 to 3.74 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 0.50, TJX has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Retail - Cyclical company?
The median Cyclically Adjusted PS Ratio among Retail - Cyclical companies is 0.50, based on 793 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TJX's current Cyclically Adjusted PS Ratio of 3.42 is 584% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on TJX and its competitors. For the Retail - Cyclical industry, the median Cyclically Adjusted PS Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TJX's current Cyclically Adjusted PS Ratio is 3.42, which is 41% above median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TJX stock overvalued right now?
Based on GuruFocus' analysis, TJX (LTS:0LCE) is currently considered Modestly Overvalued. The stock's GF Value™ is $136.83, compared to a current price of $154.27 — trading 12.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.42, which is 41% above median its 10-year median of 2.43 and 584% above the Retail - Cyclical industry median of 0.50. TJX's overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For TJX (LTS:0LCE), the current Cyclically Adjusted PS Ratio is 3.42 as of Jul. 20, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TJX (LTS:0LCE) Overvalued in 2026?

Based on GuruFocus' analysis, TJX stock appears to be overvalued. The current stock price of $154.27 is trading 12.7% above its estimated GF Value™ of $136.83. GuruFocus considers TJX to be Modestly Overvalued.

Key valuation signals for LTS:0LCE:

  • Cyclically Adjusted PS Ratio: 3.42 (41% above median its 10-year median of 2.43)
  • GF Value™: $136.83 vs. price of $154.27 (12.7% above fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 584% above the Retail - Cyclical median (#727 of 793)

No single metric tells the full story. See the LTS:0LCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TJX Business Description

Address 770 Cochituate Road, Framingham, MA, USA, 01701
Founded in 1987, TJX Companies is the world's largest off-price apparel and home fashions retailer, operating more than 5,000 stores across nine countries. In fiscal 2026, the company generated roughly $60 billion in sales. TJX operates through four segments: Marmaxx (61% of sales), HomeGoods (17%), TJX Canada (9%), and TJX international (13%). Its off-price model emphasizes branded merchandise at meaningful discounts, driving high traffic and rapid inventory turnover.
89GF Score

Get the complete analysis for LTS:0LCE

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$154.27
Price
$136.83
GF Value