--- title: TJX Companies (TJX) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/tjx ticker: TJX as_of: 2026-10-18 sector: Consumer Cyclical industry: Apparel - Retail --- # TJX Companies (TJX) TJX Companies (TJX) closed at $147.32 on Oct 16, 2026, overvalued by 34% vs its model value of $109.97 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $147.32 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $109.97 | | Price vs model | overvalued by 34% vs model | | Range of that model | $72.19 – $263.97 | | Market value | $162.0B | | P/E (fiscal 2026) | 30.3 | | Net margin (fiscal 2026) | 9.1% | | Free cash flow (fiscal 2026) | $4.9B | | Dividend yield (trailing twelve months) | 1.23% | | Beta | 0.56 | | Cost of capital (WACC) | 7.94% | | Business classification | Mature & Stable (Low/slowing growth (~6% recent), Moderate margins (9% net margin), Pays dividends, Highly cyclical earnings) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Dividend growth streaks | #48 | 29 years | https://sweetvaluelab.com/lists/dividend-growth-streaks | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 1.23% | | Dividends per share, last 12 months | $1.81 | | Dividends / free cash flow (fiscal 2026) | 37.5% | | Raised | 29 years in a row | | Growth over 5 years | 12.4% a year | | Latest payment | $0.48, ex-date Aug 13, 2026, paid Sep 3, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 11, 2021 | $1.01 | | To Aug 10, 2022 | $1.11 | | To Aug 9, 2023 | $1.26 | | To Aug 15, 2024 | $1.42 | | To Aug 14, 2025 | $1.60 | | Trailing twelve months (to Aug 13, 2026) | $1.81 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 18, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $109.97 | $72.19 | $263.97 | | DCF · Perpetuity growth · 10y | cross check | $119.34 | $79.82 | $278.10 | | DCF · EBITDA exit · 5y | cross check | $117.19 | $81.68 | $159.12 | | DCF · EBITDA exit · 10y | cross check | $125.38 | $87.25 | $176.56 | | P/E · peers | cross check | $92.97 | $61.97 | $190.05 | | P/E · own history | cross check | $149.72 | $133.21 | $161.56 | | PEG | sanity check | $52.91 | $52.91 | $52.91 | | EV/EBITDA · peers | cross check | $104.68 | $72.59 | $182.91 | | EV/Revenue · peers | cross check | $72.16 | $37.59 | $78.19 | | Earnings power value | cross check | $48.45 | $41.22 | $59.04 | | Dividend discount | cross check | $56.38 | $36.66 | $95.35 | ## Insider activity (SEC Form 4) No open-market insider buys or sales filed in the past 90 days. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Sep 16, 2026 | PINTOFF CRAIG ADAM | Director | Grant / award | 621.42 | $0 | | Sep 16, 2026 | PINTOFF CRAIG ADAM | Director | Grant / award | 621.42 | $0 | | Jun 11, 2026 | Nemerov Jackwyn | Director | Open-market sell | 957 | $161,345.4 | | Jun 9, 2026 | BERKERY ROSEMARY T | Director | Option/RSU exercise | 802 | $0 | | Jun 9, 2026 | BERKERY ROSEMARY T | Director | Grant / award | 636.87 | $0 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Sep 17, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/109198/000010919826000051/tjx-20260916.htm | | Aug 28, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/109198/000010919826000048/tjx-20260801.htm | | Aug 19, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/109198/000010919826000045/tjx-20260819.htm | | Jun 11, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/109198/000010919826000041/tjx-20260609.htm | | May 29, 2026 | S-3ASR | Shelf registration (automatic) | https://www.sec.gov/Archives/edgar/data/109198/000010919826000037/tjx-formsx3asr.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Terry Smith | 2026-06-30 | 2,272,592 | $344.3M | | Jensen | 2026-06-30 | 503,180 | $76.2M | | Bridgewater | 2026-06-30 | 17,714 | $2.7M | | Mairs & Power | 2026-06-30 | 3,415 | $517,373 | 4 tracked managers in all. ## About The TJX Companies, Inc., alongside its various associated businesses, functions as a major discount retailer focusing on clothing and household decor. Its operations are organized into four primary divisions: Marmaxx, HomeGoods, TJX Canada, and TJX International. The enterprise markets an extensive selection of goods, including clothing for all family members (such as shoes and complementary items); a broad array of home furnishings and accessories (ranging from essential household goods, furniture, floor coverings, and lighting fixtures to gift items, soft textiles, decorative pieces, dining wares, and kitchen utensils), alongside growing departments for pet supplies, children's products, and gourmet foodstuffs. Jewelry, additional accessories, and various general merchandise are also available. By the close of February 23, 2022, TJX maintained a considerable retail network across sever… --- Source: https://sweetvaluelab.com/stocks/tjx (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.