The TJX Companies (TJX) Financial Ratios: P/E, ROE & More

The TJX Companies (TJX) Financial Ratios

For fiscal 2026 (fiscal year ended Jan 31, 2026), The TJX Companies had a P/E ratio of 30.28 (up from 28.84), return on equity of 59.1% (down from 62.0%), debt-to-equity of 1.32 (down from 1.52) and a current ratio of 1.14 (down from 1.18). A current ratio of 1.14 means current assets exceed current liabilities. Its dividend yield was 1.13% with a payout ratio of 33.5%.

The TJX Companies Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Jan 2026	Feb 2025	Feb 2024	Jan 2023	Jan 2022	Jan 2021
Valuation Ratios
P/E Ratio	30.28	28.84	24.84	27.05	25.94	854.32
Forward P/E	29.92	27.91	24.02	24.03	21.91	26.29
P/S Ratio	2.76	2.49	2.05	1.90	1.75	2.39
P/B Ratio	16.33	16.71	15.22	14.87	14.18	13.18
Price/Tangible Book	16.66	17.13	15.65	15.39	14.72	13.71
Price/FCF	33.83	33.42	25.64	36.02	42.32	19.25
Price/OCF	24.20	22.94	18.35	23.17	27.85	16.85
PEG Ratio	3.16	3.06	1.91	0.72	0.15	2.99
Enterprise Value Ratios
EV/Revenue	2.90	2.63	2.20	2.08	1.88	2.55
EV/EBITDA	20.76	20.02	17.65	18.08	16.21	56.40
EV/EBIT	24.37	23.53	20.59	21.38	19.18	140.81
EV/FCF	35.57	35.32	27.53	39.54	45.32	20.52
Profitability & Returns
Return on Equity (ROE)	59.13%	61.98%	65.48%	56.57%	55.48%	1.53%
Return on Assets (ROA)	13.29%	12.81%	12.47%	10.69%	10.03%	1.32%
Return on Invested Capital (ROIC)	32.47%	31.44%	31.19%	28.30%	30.67%	4.64%
Return on Capital Employed (ROCE)	32.00%	30.40%	30.00%	26.90%	26.40%	2.90%
Leverage & Solvency Ratios
Debt/Equity	1.32	1.52	1.72	2.00	2.08	2.66
Debt/EBITDA	1.10	1.16	1.22	1.41	1.40	3.49
Debt/FCF	2.74	3.04	2.89	4.85	6.22	3.88
Liquidity Ratios
Current Ratio	1.14	1.18	1.21	1.21	1.27	1.46
Quick Ratio	0.51	0.54	0.59	0.60	0.66	1.01
Efficiency Ratios
Asset Turnover	1.79	1.83	1.87	1.76	1.64	1.17
Inventory Turnover	6.08	6.32	6.44	6.14	6.74	5.33
Yield & Distribution Ratios
Earnings Yield	3.30%	3.47%	4.03%	3.70%	3.86%	0.12%
FCF Yield	2.96%	2.99%	3.90%	2.78%	2.36%	5.20%
Dividend Yield	1.13%	1.20%	1.36%	1.44%	1.44%	0.44%
Payout Ratio	33.53%	33.88%	33.17%	38.28%	38.14%	308.89%
Buyback Yield	1.23%	1.47%	1.61%	3.13%	-0.08%	0.94%
Total Return	2.36%	2.66%	2.97%	4.57%	1.36%	1.38%

Source: Company financial statements from annual and quarterly filings. Data as of Aug 1, 2026. Data sources and methodology

Frequently Asked Questions About The TJX Companies Financial Ratios

What is The TJX Companies's P/E ratio?

The TJX Companies's P/E ratio was 30.28 for fiscal 2026 (period ended Jan 31, 2026). It was 28.84 a year earlier.

What is The TJX Companies's return on equity?

The TJX Companies's return on equity (ROE) was 59.1% for fiscal 2026 (period ended Jan 31, 2026). It was 62.0% a year earlier.

What is The TJX Companies's debt-to-equity ratio?

The TJX Companies's debt-to-equity ratio was 1.32 for fiscal 2026 (period ended Jan 31, 2026). It was 1.52 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition