TJX (XSWX:TJX) Cyclically Adjusted Revenue per Share: CHF35.31 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:TJX TJX Companies Inc XSWX:TJX
89 GF Score
Price CHF121.66
GF Value CHF110.40
! 1 Warning Sign
View Full Analysis

What is TJX Cyclically Adjusted Revenue per Share?

TJX XSWX:TJX -0.96% 89 Cyclically Adjusted Revenue per Share is CHF35.31 as of Apr. 2026. GuruFocus rates XSWX:TJX with a GF Score™ of 89/100 and a GF Value™ of CHF110.40. The stock has 1 warning sign investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 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 the count will get our Cyclically Adjusted Revenue per Share, which is CHF35.31 for the trailing ten years ended in Apr. 2026.

During the past 12 months, TJX's average Cyclically Adjusted Revenue Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.90% 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 Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of TJX was 15.60% per year. The lowest was 8.90% per year. And the median was 11.60% per year.

As of today (2026-07-15), TJX's current stock price is CHF121.66. TJX's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was CHF35.31. TJX's Cyclically Adjusted PS Ratio of today is 3.45.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TJX was 3.74. The lowest was 1.54. And the median was 2.43.


TJX  (XSWX:TJX) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=121.66/35.31
=3.45

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TJX was 3.74. The lowest was 1.54. And the median was 2.43.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


TJX Cyclically Adjusted Revenue per Share Related Terms


TJX Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for TJX's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

TJX Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 32.91

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 Revenue per Share 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 0.00 0.00 0.00 32.91 35.31

XSWX:TJX vs ROST, BURL, LULU: Cyclically Adjusted Revenue per Share 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 Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TJX Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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.

What does a Cyclically Adjusted Revenue per Share of CHF35.31 mean?
TJX (XSWX:TJX) has a Cyclically Adjusted Revenue per Share of CHF35.31 as of Apr. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on TJX and its competitors.
Is TJX's Cyclically Adjusted Revenue per Share too high?
TJX's current Cyclically Adjusted Revenue per Share is CHF35.31. 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 Revenue per Share compare to ROST and BURL?
TJX's Cyclically Adjusted Revenue per Share of CHF35.31 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Retail - Cyclical company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on TJX and its competitors. TJX's current Cyclically Adjusted Revenue per Share is CHF35.31. 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 Revenue per Share of CHF35.31. The stock's GF Value™ is CHF110.40, compared to a current price of CHF121.66 — trading 10.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is CHF35.31. TJX's overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For TJX (XSWX:TJX), the current Cyclically Adjusted Revenue per Share is CHF35.31 as of Apr. 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 CHF121.66 is trading 10.2% above its estimated GF Value™ of CHF110.40.

Key valuation signals for XSWX:TJX:

  • Cyclically Adjusted Revenue per Share: CHF35.31
  • GF Value™: CHF110.40 vs. price of CHF121.66 (10.2% above fair value)
  • GF Score™: 89/100 with 1 warning sign

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 Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF121.66
Price
CHF110.40
GF Value