Target (WBO:TGTC) Cyclically Adjusted PS Ratio: 0.64 (As of Jul. 26, 2026) — 11% Below Median

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WBO:TGTC Target Corp WBO:TGTC
70 GF Score
Price €120.60
GF Value €110.01
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Target Cyclically Adjusted PS Ratio?

Target WBO:TGTC +2.03% 70 Cyclically Adjusted PS Ratio is 0.64 as of Jul. 26, 2026, which is 11% below its 10-year median of 0.72. GuruFocus rates WBO:TGTC with a GF Score™ of 70/100 and a GF Value™ of €110.01 (Fairly Valued). The stock has 9 warning signs investors should review. Among 240 Retail - Defensive companies, Target ranks worse than 58.33% on this metric.

As of today (2026-07-26), Target's current share price is €120.60. Target's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €189.56. Target's Cyclically Adjusted PS Ratio for today is 0.64.

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

WBO:TGTC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.4   Med: 0.72   Max: 1.82
Current: 0.61

During the past years, Target's highest Cyclically Adjusted PS Ratio was 1.82. The lowest was 0.40. And the median was 0.72.

WBO:TGTC's Cyclically Adjusted PS Ratio is ranked worse than
58.33% of 240 companies
in the Retail - Defensive industry
Industry Median: 0.44 vs WBO:TGTC: 0.61

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.

Target's adjusted revenue per share data for the three months ended in Apr. 2026 was €47.727. 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 €189.56 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Target  (WBO:TGTC) 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.


Target Cyclically Adjusted PS Ratio Related Terms


Target Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Target'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.

Target Cyclically Adjusted PS Ratio Chart

Target 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 1.40 0.97 0.73 0.67 0.49

Target 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 0.46 0.47 0.43 0.49 0.58

WBO:TGTC vs DG, DLTR, BJ: Cyclically Adjusted PS Ratio Comparison

For the Discount Stores subindustry, Target'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.


Target Cyclically Adjusted PS Ratio vs Retail - Defensive Industry

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

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


WBO:TGTC
70GF Score
Target Corp WBO:TGTC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Target 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=120.60/189.56
=0.64

* 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.

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

For example, Target'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)
=47.727/333.0200*333.0200
=47.727

Current CPI (Apr. 2026) = 333.0200.

Target Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 24.937 240.628 34.512
201610 25.972 241.729 35.781
201701 35.745 242.839 49.019
201704 27.262 244.524 37.128
201707 26.131 244.786 35.550
201710 26.209 246.663 35.385
201801 34.529 247.867 46.391
201804 25.280 250.546 33.602
201807 28.373 252.006 37.494
201810 29.187 252.885 38.436
201901 38.397 251.712 50.800
201904 30.198 255.548 39.353
201907 31.840 256.571 41.327
201910 32.776 257.346 42.414
202001 41.177 257.971 53.156
202004 35.678 256.389 46.342
202007 39.628 259.101 50.933
202010 38.063 260.388 48.680
202101 45.981 261.582 58.538
202104 40.184 267.054 50.110
202107 42.785 273.003 52.191
202110 45.182 276.589 54.400
202201 57.037 281.148 67.560
202204 49.823 289.109 57.390
202207 55.208 296.276 62.055
202210 58.196 298.012 65.032
202301 62.939 299.170 70.060
202304 49.889 303.363 54.766
202307 48.421 305.691 52.750
202310 51.993 307.671 56.277
202401 63.273 308.417 68.320
202404 49.284 313.548 52.345
202407 50.629 314.540 53.604
202410 51.058 315.664 53.865
202501 65.134 317.671 68.281
202504 46.491 320.795 48.263
202507 47.423 323.048 48.887
202510 47.697 0.000
202601 56.920 325.252 58.279
202604 47.727 333.020 47.727

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 0.64 mean?
Target (WBO:TGTC) has a Cyclically Adjusted PS Ratio of 0.64 as of Jul. 26, 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 Target and its competitors. This is 11% below median its historical median of 0.72. Over the past decade, Target's Cyclically Adjusted PS Ratio has ranged from 0.40 to 1.82. According to the industry distribution chart, Target ranks #140 out of 240 companies in the Retail - Defensive industry, placing it in the top 58.3%.
Is Target's Cyclically Adjusted PS Ratio too high?
Target's current Cyclically Adjusted PS Ratio of 0.64 is 11% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.82. The Retail - Defensive industry median Cyclically Adjusted PS Ratio is 0.44. Target's value of 0.64 is 45.5% above this industry median. Based on the distribution chart, Target ranks #140 out of 240 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Target has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Target's Cyclically Adjusted PS Ratio compare to DG and DLTR?
According to the Retail - Defensive industry distribution chart, Target ranks #140 out of 240 companies for Cyclically Adjusted PS Ratio. This places Target in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. Target's value of 0.64 is 45.5% above this benchmark. Historically, Target's own Cyclically Adjusted PS Ratio has ranged from 0.40 to 1.82 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 0.44, Target 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 - Defensive company?
The median Cyclically Adjusted PS Ratio among Retail - Defensive companies is 0.44, based on 240 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. Target's current Cyclically Adjusted PS Ratio of 0.64 is 45.5% 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 Target and its competitors. For the Retail - Defensive industry, the median Cyclically Adjusted PS Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Target's current Cyclically Adjusted PS Ratio is 0.64, which is 11% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Target stock overvalued right now?
Based on GuruFocus' analysis, Target (WBO:TGTC) is currently considered Fairly Valued. The stock's GF Value™ is €110.01, compared to a current price of €120.60 — trading 9.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.64, which is 11% below median its 10-year median of 0.72 and 45.5% above the Retail - Defensive industry median of 0.44. Target's overall GF Score™ is 70/100 with 9 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 Target (WBO:TGTC), the current Cyclically Adjusted PS Ratio is 0.64 as of Jul. 26, 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 Target (WBO:TGTC) Overvalued in 2026?

Based on GuruFocus' analysis, Target stock appears to be overvalued. The current stock price of €120.60 is trading 9.6% above its estimated GF Value™ of €110.01. GuruFocus considers Target to be Fairly Valued.

Key valuation signals for WBO:TGTC:

  • Cyclically Adjusted PS Ratio: 0.64 (11% below median its 10-year median of 0.72)
  • GF Value™: €110.01 vs. price of €120.60 (9.6% above fair value)
  • GF Score™: 70/100 with 9 warning signs
  • Industry Position: 45.5% above the Retail - Defensive median (#140 of 240)

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


Target Business Description

Address 1000 Nicollet Mall, Minneapolis, MN, USA, 55403
Target's start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating over $104 billion in fiscal 2025 sales. The company offers a broad assortment of merchandise across categories including apparel and accessories (16% of fiscal 2025 revenue), beauty and household essentials (30%), food and beverage (24%), hardlines (15%), as well as home furnishings (15%). Target's model is anchored in its physical store base, which fulfills more than 97% of sales. Around 30% of sales are derived from its own private-label brands.
70GF Score

Get the complete analysis for WBO:TGTC

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

€120.60
Price
€110.01
GF Value