As of May 2, 2024, the TGT stock has a PE ratio of 17.65. The calculation is based on the latest EPS of $8.96 and the stock price of $158.12 per share. A decrease of 6% has been observed in the PE ratio compared to its average of 18.7 of the last four quarters.
The mean historical PE ratio of Target over the last ten years is 17.03. The current 17.65 P/E ratio is 3.6% higher than the historical average. Looking back at the last ten years, TGT's PE ratio peaked in the Jan 2023 quarter at 27.99, with a price of $168.51 and an EPS of $6.02. The Jul 2017 quarter marked the lowest point at 11.31, with a price of $56.11 and an EPS of $4.96.
Maximum annual increase: 82.94% in 2023
Maximum annual decrease: -41.98% in 2024
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 16.24 | -41.98% |
| 2023 | 27.99 | 82.94% |
| 2022 | 15.3 | -26.37% |
| 2021 | 20.78 | 20.46% |
| 2020 | 17.25 | 34.56% |
| 2019 | 12.82 | -6.49% |
| 2018 | 13.71 | 1.78% |
| 2017 | 13.47 | -0.52% |
| 2016 | 13.54 | N/A |
| 2015 | N/A | N/A |
The current PE ratio of TGT is higher than the 10-year average, but it is lower than its 3 and 5-year averages.
TGT's PE ratio stands lower than its peer stocks WMT and COST, but it is higher than KSS's. Target's current PE ratio of 17.65 is lower than the average of its peers, which is 26.4.
| Stock name | PE ratio | Market cap |
|---|---|---|
| KSS KOHLS Corp | 8.4 | $2.68B |
| TGT Target Corp | 17.64 | $72.97B |
| DG Dollar General Corp | 18.16 | $30.2B |
| WMT Walmart Inc | 31.16 | $482.03B |
| COST Costco Wholesale Corp | 48.55 | $329.9B |
| M Macy's Inc | 51.37 | $5.35B |
| DLTR Dollar Tree Inc | N/A | $26.31B |
The price to earnings ratio for TGT stock is 17.65 as of May 2, 2024.
The 3-year average price to earnings ratio for TGT stock is 19.78.
The 5-year average price to earnings ratio for TGT stock is 18.7.
The highest quarterly PE ratio in the last ten years has been 27.99 and it was in the Jan 2023 quarter.
TGT's current price to earnings ratio is 3.6% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 2, 2024), Target's share price is $158.12. The company's earnings per share for the trailing twelve months (TTM) ending Feb 2024 is $8.96. Therefore, Target's PE ratio for today is 17.65. PE RATIO(17.65) = STOCK PRICE($158.12) / TTM EPS($8.96)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.