Question 1

What is Target's P/S ratio?

Accepted Answer

Target (TGT) P/S ratio is 0.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Target?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Target specifically, the relevant sector benchmark is the current sector median of 1.4×.

Question 5

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

Accepted Answer

Target's P/S ratio of 0.6× is below its own 5-year average of 0.7× and below the sector median of 1.4×. That places the current reading at the 43th 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/S ratio range?

Accepted Answer

In the available daily series, Target (TGT) P/S ratio has ranged from a low of 0.4× in 2025 to a high of 1.4× in 2021. The 5-year average is 0.7× and the 5-year median is 0.6×.

Question 7

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

Accepted Answer

Target (TGT) P/S ratio at the end of 2026 was 0.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$47.8B	$105B	0.5×	-0.1×	Jan 31, 2026
2025	$63B	$107B	0.6×	-0.0×	Feb 1, 2025
2024	$67.2B	$107B	0.6×	-0.1×	Feb 3, 2024
2023	$77.6B	$109B	0.7×	-0.3×	Jan 28, 2023
2022	$104B	$106B	1.0×	+0.0×	Jan 29, 2022
2021	$90.7B	$93.6B	1.0×	+0.3×	Jan 30, 2021
2020	$56.1B	$78.1B	0.7×	+0.2×	Feb 1, 2020
2019	$37B	$75.4B	0.5×	-0.1×	Feb 2, 2019
2018	$40B	$72.5B	0.6×	+0.0×	Feb 3, 2018
2017	$35.7B	$69.5B	0.5×	-0.1×	Jan 28, 2017
2016	$44.2B	$73.8B	0.6×	-0.1×	Jan 30, 2016
2015	$47B	$71.3B	0.7×	+0.2×	Jan 31, 2015
2014	$35.8B	$72.6B	0.5×	-0.0×	Feb 1, 2014
2013	$39.7B	$73.3B	0.5×	+0.1×	Feb 2, 2013
2012	$33.3B	$69.9B	0.5×	-0.1×	Jan 28, 2012
2011	$37.6B	$67.4B	0.6×	-0.0×	Jan 29, 2011
2010	$37.9B	$65.4B	0.6×	+0.2×	Jan 30, 2010
2009	$23.5B	$64.9B	0.4×	-0.4×	Jan 31, 2009
2008	$46B	$63.4B	0.7×	-0.2×	Feb 2, 2008
2007	$53.1B	$59.5B	0.9×	-0.0×	Feb 3, 2007
2006	$47.2B	$52.6B	0.9×	-0.0×	Jan 28, 2006
2005	$43.9B	$46.8B	0.9×	+0.2×	Jan 29, 2005
2004	$34.6B	$45.3B	0.8×	+0.2×	Jan 31, 2004
2003	$25.7B	$43.9B	0.6×	—	Feb 1, 2003


Mondelez International (MDLZ)	1.9×
Clorox (CLX)	1.9×
Estée Lauder Companies (EL)	1.8×
McCormick & Company (MKC)	1.7×
Costco (COST)	1.5×
Walmart (WMT)	1.4×
J. M. Smucker (SJM)	1.2×
Kraft Heinz (KHC)	1.0×
Lamb Weston (LW)	1.0×
General Mills (GIS)	1.0×
Hormel Foods (HRL)	1.0×
Dollar Tree (DLTR)	0.9×
Coca-Cola Europacific Partners (CCEP)	0.9×
Molson Coors Beverage (TAP)	0.7×
Campbell Soup (CPB)	0.6×
Dollar General (DG)	0.6×
Conagra Brands (CAG)	0.6×
Sysco (SYY)	0.5×
Universal Corporation (UVV)	0.5×
Archer-Daniels-Midland (ADM)	0.4×
Tyson Foods (TSN)	0.4×
Bunge Global S.A. (BG)	0.3×
Kroger (KR)	0.3×
Performance Food Group (PFGC)	0.2×
Albertsons Companies (ACI)	0.1×

P/S Ratio for Target (TGT) 2003-2026

P/S Ratio daily chart for Target (TGT)

Historical P/S Ratio for Target (TGT) from 2003 to 2026

About P/S Ratio at Target (TGT)

Target P/S Ratio by Year

Target P/S Ratio 2026: 0.5×

Target P/S Ratio 2025: 0.6×

Target P/S Ratio 2024: 0.6×

Target P/S Ratio 2023: 0.7×

Target P/S Ratio 2022: 1.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Target (TGT) Key Financials