Question 1

What is Target's P/E ratio?

Accepted Answer

Target (TGT) P/E ratio is 16.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Target?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Target specifically, the relevant sector benchmark is the current sector median of 22.9×.

Question 5

Is Target's P/E ratio high or low?

Accepted Answer

Target's P/E ratio of 16.2× is below its own 5-year average of 17.1× and below the sector median of 22.9×. That places the current reading at the 51th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Target's historical P/E ratio range?

Accepted Answer

In the available daily series, Target (TGT) P/E ratio has ranged from a low of 9.7× in 2025 to a high of 28.7× in 2002. The 5-year average is 17.1× and the 5-year median is 16.6×.

Question 7

What was Target's P/E ratio in 2026?

Accepted Answer

Target (TGT) P/E ratio at the end of 2026 was 12.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Target's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$47.78B	$3.71B	12.9×	-2.5×	Jan 31, 2026
2025	$63.00B	$4.09B	15.4×	-0.8×	Feb 1, 2025
2024	$67.17B	$4.14B	16.2×	-11.7×	Feb 3, 2024
2023	$77.57B	$2.78B	27.9×	+13.0×	Jan 28, 2023
2022	$103.63B	$6.95B	14.9×	-5.9×	Jan 29, 2022
2021	$90.73B	$4.37B	20.8×	+3.7×	Jan 30, 2021
2020	$56.06B	$3.28B	17.1×	+4.5×	Feb 1, 2020
2019	$37.00B	$2.94B	12.6×	-1.0×	Feb 2, 2019
2018	$39.96B	$2.93B	13.6×	+0.6×	Feb 3, 2018
2017	$35.65B	$2.74B	13.0×	-0.1×	Jan 28, 2017
2016	$44.21B	$3.36B	13.1×	—	Jan 30, 2016
2015	$46.96B	−$1.64B	—	—	Jan 31, 2015
2014	$35.81B	$1.97B	18.2×	+5.0×	Feb 1, 2014
2013	$39.67B	$3.00B	13.2×	+1.8×	Feb 2, 2013
2012	$33.35B	$2.93B	11.4×	-1.5×	Jan 28, 2012
2011	$37.64B	$2.92B	12.9×	-2.4×	Jan 29, 2011
2010	$37.93B	$2.49B	15.2×	+4.6×	Jan 30, 2010
2009	$23.47B	$2.21B	10.6×	-5.5×	Jan 31, 2009
2008	$45.95B	$2.85B	16.1×	-2.9×	Feb 2, 2008
2007	$53.09B	$2.79B	19.0×	-0.5×	Feb 3, 2007
2006	$47.17B	$2.41B	19.6×	+5.8×	Jan 28, 2006
2005	$43.90B	$3.18B	13.8×	-5.0×	Jan 29, 2005
2004	$34.64B	$1.84B	18.8×	+3.3×	Jan 31, 2004
2003	$25.68B	$1.65B	15.5×	-13.2×	Feb 1, 2003
2002	$39.29B	$1.37B	28.7×	—	Feb 2, 2002


Tootsie Roll Industries (TR)	32.2×
Church & Dwight Co. (CHD)	30.1×
Mondelez International (MDLZ)	28.5×
Hormel Foods (HRL)	25.3×
Coca-Cola (KO)	24.1×
PepsiCo (PEP)	23.5×
Philip Morris International (PM)	23.3×
Sysco (SYY)	22.6×
Lamb Weston (LW)	21.9×
Marzetti (MZTI)	21.5×
Procter & Gamble (PG)	20.9×
Kenvue (KVUE)	20.4×
Keurig Dr Pepper (KDP)	19.5×
Andersons (ANDE)	19.0×
Clorox (CLX)	16.6×
Brown-Forman (BF-B)	16.5×
Constellation Brands (STZ)	16.2×
Dollar General (DG)	16.1×
Kimberly-Clark (KMB)	15.1×
Campbell Soup (CPB)	14.9×
Dollar Tree (DLTR)	14.5×
Altria Group (MO)	13.7×
McCormick & Company (MKC)	11.6×
General Mills (GIS)	11.1×
Coca-Cola Europacific Partners (CCEP)	10.9×

P/E Ratio for Target (TGT)

P/E Ratio daily chart for Target (TGT)

Historical P/E Ratio for Target (TGT) from 2002 to 2026

About P/E Ratio at Target (TGT)

Target P/E Ratio by Year

Target P/E Ratio 2026: 12.9×

Target P/E Ratio 2025: 15.4×

Target P/E Ratio 2024: 16.2×

Target P/E Ratio 2023: 27.9×

Target P/E Ratio 2022: 14.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Target (TGT) Key Financials

P/E Ratio daily chart for Target (TGT)

Historical P/E Ratio for Target (TGT) from 2002 to 2026

About P/E Ratio at Target (TGT)

Target P/E Ratio by Year

Target P/E Ratio 2026: 12.9×

Target P/E Ratio 2025: 15.4×

Target P/E Ratio 2024: 16.2×

Target P/E Ratio 2023: 27.9×

Target P/E Ratio 2022: 14.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Target's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Target?

+Is Target's P/E ratio high or low?

+What is Target's historical P/E ratio range?

+What was Target's P/E ratio in 2026?

+Why does Target's P/E ratio change over time?

Target (TGT) Key Financials