Target (XSWX:TGT) EV-to-OCF: 10.14 (As of Aug. 22, 2026) — Near Median

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:TGT Target Corp XSWX:TGT
75 GF Score
Price CHF130.34
GF Value CHF103.13
! 8 Warning Signs
View Full Analysis

What is Target EV-to-OCF?

Target XSWX:TGT +2.15% 75 EV-to-OCF is 10.14 as of Aug. 22, 2026, which is 3% above its 10-year median of 9.89. GuruFocus rates XSWX:TGT with a GF Score™ of 75/100 and a GF Value™ of CHF103.13. The stock has 8 warning signs investors should review. Among 314 Retail - Defensive companies, Target ranks worse than 61.46% on this metric.

EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Target's Enterprise Value is CHF70,707 Mil. Target's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2026 was CHF6,974 Mil. Therefore, Target's EV-to-OCF for today is 10.14.

The historical rank and industry rank for Target's EV-to-OCF or its related term are showing as below:

XSWX:TGT' s EV-to-OCF Range Over the Past 10 Years
Min: 5.74   Med: 9.89   Max: 27.44
Current: 10.14

During the past 13 years, the highest EV-to-OCF of Target was 27.44. The lowest was 5.74. And the median was 9.89.

XSWX:TGT's EV-to-OCF is ranked worse than
61.46% of 314 companies
in the Retail - Defensive industry
Industry Median: 7.87 vs XSWX:TGT: 10.14

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-08-22), Target's stock price is CHF130.34. Target's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2026 was CHF7.698. Therefore, Target's PE Ratio (TTM) for today is 16.93.


Target  (XSWX:TGT) EV-to-OCF Explanation

EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Target's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=130.34/7.698
=16.93

Target's share price for today is CHF130.34.
Target's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF7.698.

* 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.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Target EV-to-OCF Related Terms


Target EV-to-OCF Historical Data

* Premium members only.

The historical data trend for Target's EV-to-OCF 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 EV-to-OCF Chart

Target Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EV-to-OCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.27 23.91 9.29 10.58 9.48

Target Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
EV-to-OCF 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 9.60 8.59 9.48 10.60 9.05

XSWX:TGT vs DG, DLTR, BJ: EV-to-OCF Comparison

For the Discount Stores subindustry, Target's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Target's EV-to-OCF distribution charts can be found below:

* The bar in red indicates where Target's EV-to-OCF falls into.


XSWX:TGT
75GF Score
Target Corp XSWX:TGT
EV-to-OCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Target EV-to-OCF Calculation

Target's EV-to-OCF for today is calculated as:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=70707.208/6973.639
=10.14

Target's current Enterprise Value is CHF70,707 Mil.
Target's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jul. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF6,974 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-OCF →
What does a EV-to-OCF of 10.14 mean?
Target (XSWX:TGT) has a EV-to-OCF of 10.14 as of Aug. 22, 2026. This is near median its historical median of 9.89. Over the past decade, Target's EV-to-OCF has ranged from 5.74 to 27.44. According to the industry distribution chart, Target ranks #193 out of 314 companies in the Retail - Defensive industry, placing it in the top 61.5%.
Is Target's EV-to-OCF too high?
Target's current EV-to-OCF of 10.14 is near median its 10-year median of 9.89. Over the past 10 years, this metric has ranged from a low of 5.74 to a high of 27.44. The Retail - Defensive industry median EV-to-OCF is 7.87. Target's value of 10.14 is 28.8% above this industry median. Based on the distribution chart, Target ranks #193 out of 314 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Target has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Target's EV-to-OCF compare to DG and DLTR?
According to the Retail - Defensive industry distribution chart, Target ranks #193 out of 314 companies for EV-to-OCF. This places Target in the lower half of its industry. The industry median EV-to-OCF is 7.87. Target's value of 10.14 is 28.8% above this benchmark. Historically, Target's own EV-to-OCF has ranged from 5.74 to 27.44 over the past decade. While the company's 10-year median is 9.89 vs. the industry median of 7.87, 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 EV-to-OCF for a Retail - Defensive company?
The median EV-to-OCF among Retail - Defensive companies is 7.87, based on 314 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Target's current EV-to-OCF of 10.14 is 28.8% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Retail - Defensive industry, the median EV-to-OCF is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Target's current EV-to-OCF is 10.14, which is near median its own 10-year median of 9.89. 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?
Target (XSWX:TGT) has a current EV-to-OCF of 10.14. The stock's GF Value™ is CHF103.13, compared to a current price of CHF130.34 — trading 26.4% above its estimated fair value. The current EV-to-OCF is 10.14, which is near median its 10-year median of 9.89 and 28.8% above the Retail - Defensive industry median of 7.87. Target's overall GF Score™ is 75/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Target (XSWX:TGT), the current EV-to-OCF is 10.14 as of Aug. 22, 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 (XSWX:TGT) Overvalued in 2026?

Based on GuruFocus' analysis, Target stock appears to be overvalued. The current stock price of CHF130.34 is trading 26.4% above its estimated GF Value™ of CHF103.13.

Key valuation signals for XSWX:TGT:

  • EV-to-OCF: 10.14 (near median its 10-year median of 9.89)
  • GF Value™: CHF103.13 vs. price of CHF130.34 (26.4% above fair value)
  • GF Score™: 75/100 with 8 warning signs
  • Industry Position: 28.8% above the Retail - Defensive median (#193 of 314)

No single metric tells the full story. See the XSWX:TGT 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.
75GF Score

Get the complete analysis for XSWX:TGT

EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF130.34
Price
CHF103.13
GF Value