TJX (XSWX:TJX) Cyclically Adjusted PS Ratio: 3.52 (As of Jul. 17, 2026) — 45% Above Median

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XSWX:TJX TJX Companies Inc XSWX:TJX
89 GF Score
Price CHF124.20
GF Value CHF109.50
! 3 Warning Signs
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What is TJX Cyclically Adjusted PS Ratio?

TJX XSWX:TJX +2.09% 89 Cyclically Adjusted PS Ratio is 3.52 as of Jul. 17, 2026, which is 45% above its 10-year median of 2.43. GuruFocus rates XSWX:TJX with a GF Score™ of 89/100 and a GF Value™ of CHF109.50. The stock has 3 warning signs investors should review. Among 794 Retail - Cyclical companies, TJX ranks worse than 91.56% on this metric.

As of today (2026-07-17), TJX's current share price is CHF124.20. TJX's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was CHF35.31. TJX's Cyclically Adjusted PS Ratio for today is 3.52.

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

XSWX:TJX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.54   Med: 2.43   Max: 3.74
Current: 3.44

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.

XSWX:TJX's Cyclically Adjusted PS Ratio is ranked worse than
91.56% of 794 companies
in the Retail - Cyclical industry
Industry Median: 0.495 vs XSWX:TJX: 3.44

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 CHF10.072. 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 CHF35.31 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


TJX  (XSWX:TJX) 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

XSWX:TJX 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.


XSWX:TJX
89GF Score
TJX Companies Inc XSWX:TJX
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
=124.20/35.31
=3.52

* 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)
=10.072/333.0200*333.0200
=10.072

Current CPI (Apr. 2026) = 333.0200.

TJX Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 5.812 240.628 8.044
201610 6.188 241.729 8.525
201701 7.250 242.839 9.942
201704 5.949 244.524 8.102
201707 6.190 244.786 8.421
201710 6.693 246.663 9.036
201801 8.245 247.867 11.078
201804 6.633 250.546 8.816
201807 7.333 252.006 9.690
201810 7.766 252.885 10.227
201901 8.848 251.712 11.706
201904 7.585 255.548 9.884
201907 7.864 256.571 10.207
201910 8.477 257.346 10.970
202001 9.708 257.971 12.532
202004 3.571 256.389 4.638
202007 5.188 259.101 6.668
202010 7.603 260.388 9.724
202101 7.677 261.582 9.774
202104 7.612 267.054 9.492
202107 9.077 273.003 11.072
202110 9.512 276.589 11.453
202201 10.556 281.148 12.504
202204 9.065 289.109 10.442
202207 9.753 296.276 10.963
202210 10.328 298.012 11.541
202301 11.449 299.170 12.744
202304 9.088 303.363 9.976
202307 9.586 305.691 10.443
202310 10.350 307.671 11.203
202401 12.228 308.417 13.203
202404 9.908 313.548 10.523
202407 10.498 314.540 11.115
202410 10.616 315.664 11.200
202501 13.092 317.671 13.725
202504 9.656 320.795 10.024
202507 10.199 323.048 10.514
202510 10.707 0.000
202601 12.450 325.252 12.747
202604 10.072 333.020 10.072

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 3.52 mean?
TJX (XSWX:TJX) has a Cyclically Adjusted PS Ratio of 3.52 as of Jul. 17, 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 45% 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 794 companies in the Retail - Cyclical industry, placing it in the top 91.6%.
Is TJX's Cyclically Adjusted PS Ratio too high?
TJX's current Cyclically Adjusted PS Ratio of 3.52 is 45% 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 3.52 is 611.1% above this industry median. Based on the distribution chart, TJX ranks #727 out of 794 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, TJX has a GF Score™ of 89/100, 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 794 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 3.52 is 611.1% 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 794 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 3.52 is 611.1% 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 3.52, which is 45% 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?
TJX (XSWX:TJX) has a current Cyclically Adjusted PS Ratio of 3.52. The stock's GF Value™ is CHF109.50, compared to a current price of CHF124.20 — trading 13.4% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.52, which is 45% above median its 10-year median of 2.43 and 611.1% 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 (XSWX:TJX), the current Cyclically Adjusted PS Ratio is 3.52 as of Jul. 17, 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 (XSWX:TJX) Overvalued in 2026?

Based on GuruFocus' analysis, TJX stock appears to be overvalued. The current stock price of CHF124.20 is trading 13.4% above its estimated GF Value™ of CHF109.50.

Key valuation signals for XSWX:TJX:

  • Cyclically Adjusted PS Ratio: 3.52 (45% above median its 10-year median of 2.43)
  • GF Value™: CHF109.50 vs. price of CHF124.20 (13.4% above fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 611.1% above the Retail - Cyclical median (#727 of 794)

No single metric tells the full story. See the XSWX:TJX 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 XSWX:TJX

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

CHF124.20
Price
CHF109.50
GF Value