As of today (2024-04-18), TJX's share price is $92.66. TJX's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was $6.36. Hence, TJX's Price to Tangible Book Ratio of today is 14.57.
The historical rank and industry rank for TJX's Price-to-Tangible-Book or its related term are showing as below:
TJX'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 9.99 Med: 12.16 Max: 15.09
Current: 14.57
During the past 13 years, TJX's highest Price to Tangible Book Ratio was 15.09. The lowest was 9.99. And the median was 12.16.
TJX's Price-to-Tangible-Book is ranked worse than 93.03% of 975
companies
in the Retail - Cyclical industry
Industry Median: 1.81
vs TJX: 14.57
A closely related ratio is called PB Ratio. As of today, TJX's share price is $92.66. TJX's Book Value per Sharefor the quarter that ended in Jan. 2024 was $6.44. Hence, TJX's P/B Ratio of today is 14.39.
TJX Price-to-Tangible-Book Historical Data
The historical data trend for TJX's Price-to-Tangible-Book 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.
* Premium members only.
TJX Annual Data
Trend
Jan15
Jan16
Jan17
Jan18
Jan19
Jan20
Jan21
Jan22
Jan23
Jan24
Price-to-Tangible-Book
12.10
13.46
14.39
15.09
14.93
TJX Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Price-to-Tangible-Book
15.09
14.33
15.21
14.91
14.93
Competitive Comparison
For the Apparel Retail subindustry, TJX's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, TJX's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where TJX's Price-to-Tangible-Book falls into.
TJX Price-to-Tangible-Book Calculation
TJX's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
TJX Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of TJX's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its 4,900 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.
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