Question 1

What is TJX Companies's P/FCF ratio?

Accepted Answer

TJX Companies (TJX) P/FCF ratio is 31.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for TJX Companies?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For TJX Companies specifically, the relevant sector benchmark is the current sector median of 17.1×.

Question 5

Is TJX Companies's P/FCF ratio high or low?

Accepted Answer

TJX Companies's P/FCF ratio of 31.8× is below its own 5-year average of 38.9× and above the sector median of 17.1×. That places the current reading at the 41th 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 TJX Companies's historical P/FCF ratio range?

Accepted Answer

In the available daily series, TJX Companies (TJX) P/FCF ratio has ranged from a low of 8.5× in 2010 to a high of 130.9× in 2023. The 5-year average is 38.9× and the 5-year median is 34.1×.

Question 7

What was TJX Companies's P/FCF ratio in 2026?

Accepted Answer

TJX Companies (TJX) P/FCF ratio at the end of 2026 was 34.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does TJX Companies's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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	$169B	$4.92B	34.3×	+0.4×	Jan 31, 2026
2025	$142B	$4.2B	33.8×	+9.0×	Jan 31, 2025
2024	$108B	$4.34B	24.8×	-11.2×	Jan 31, 2024
2023	$94.6B	$2.63B	36.0×	-6.9×	Jan 31, 2023
2022	$86.4B	$2.01B	42.9×	+23.6×	Jan 31, 2022
2021	$77.2B	$3.99B	19.3×	-5.6×	Jan 31, 2021
2020	$70.8B	$2.84B	24.9×	+4.5×	Jan 31, 2020
2019	$60.5B	$2.96B	20.4×	-5.6×	Jan 31, 2019
2018	$51.3B	$1.97B	26.1×	+7.4×	Jan 31, 2018
2017	$48.4B	$2.6B	18.6×	-4.8×	Jan 31, 2017
2016	$47.9B	$2.05B	23.4×	+1.9×	Jan 31, 2016
2015	$45.2B	$2.1B	21.5×	-3.1×	Jan 31, 2015
2014	$40.4B	$1.64B	24.6×	+8.5×	Jan 31, 2014
2013	$33.3B	$2.07B	16.1×	-6.7×	Jan 31, 2013
2012	$25.4B	$1.11B	22.9×	+8.5×	Jan 31, 2012
2011	$18.3B	$1.27B	14.4×	+5.9×	Jan 31, 2011
2010	$15.7B	$1.84B	8.5×	-5.5×	Jan 31, 2010
2009	$8.02B	$572M	14.0×	-2.1×	Jan 31, 2009
2008	$13.4B	$834M	16.1×	-0.3×	Jan 31, 2008
2007	$13.4B	$817M	16.4×	-1.3×	Jan 31, 2007
2006	$11.7B	$662M	17.7×	-0.7×	Jan 31, 2006
2005	$11.9B	$651M	18.4×	-13.3×	Jan 31, 2005
2004	$11.4B	$361M	31.6×	+13.1×	Jan 31, 2004
2003	$9.47B	$512M	18.5×	—	Jan 31, 2003


DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
D.R. Horton (DHI)	14.2×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Carnival Corporation (CCL)	11.9×
Lululemon Athletica (LULU)	11.6×
Toll Brothers (TOL)	11.1×
Hasbro (HAS)	9.8×
PDD Holdings (PDD)	9.5×
LKQ (LKQ)	9.3×
KB Home (KBH)	8.8×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	4.8×
General Motors (GM)	4.3×

P/FCF Ratio for TJX Companies (TJX) 2003-2026

P/FCF Ratio daily chart for TJX Companies (TJX)

Historical P/FCF Ratio for TJX Companies (TJX) from 2003 to 2026

About P/FCF Ratio at TJX Companies (TJX)

TJX Companies P/FCF Ratio by Year

TJX Companies P/FCF Ratio 2026: 34.3×

TJX Companies P/FCF Ratio 2025: 33.8×

TJX Companies P/FCF Ratio 2024: 24.8×

TJX Companies P/FCF Ratio 2023: 36.0×

TJX Companies P/FCF Ratio 2022: 42.9×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

TJX Companies (TJX) Key Financials