Stocktoria

TARGET CORP TGT

NYSE · stock · Retail-Variety Stores · website · IPO 1969-09-08 · LEI

TARGET CORP statistics & valuation

P / E17.2×
P / S0.6×
P / B3.9×
P / FCF22.5×
Net margin3.5%
FCF margin2.7%
Net debt$14.4B
Net debt / EBITDA1.7×
Enterprise value USD$78.2B
EV / EBITDA9.5×
Earnings yield EBIT/EV6.5%
Return on capital13.4%
Graham number -47.7%$80.56

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($80.56); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
4.70% 6.60% 2.50% 3.90% 3.80% 3.50% 2017201820192020202120222023202420252026
Gross margin (%)
29.30% 28.50% 2017201820192020202120222023202420252026
Operating margin (%)
6.90% 5.80% 5.50% 6.00% 7.00% 8.40% 3.50% 5.30% 5.20% 4.90% 2017201820192020202120222023202420252026
Return on equity (%)
30.20% 54.20% 24.80% 30.80% 27.90% 22.90% 2017201820192020202120222023202420252026
Shares outstanding
582.5M 550.3M 533.2M 515.6M 505.4M 492.7M 464.7M 462.8M 461.8M 455.6M 2017201820192020202120222023202420252026
Net debt ($)
$9.20B $10.44B $10.25B $9.99B $10.64B $11.57B $14.14B $14.15B $13.90B $14.40B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
8.50% 12.90% 5.20% 7.50% 7.10% 6.20% 2017201820192020202120222023202420252026
Free cash flow margin (%)
5.50% 6.10% 3.30% 5.20% 8.40% 4.80% -1.40% 3.60% 4.20% 2.70% 2017201820192020202120222023202420252026
Debt / equity (×)
1.07× 0.90× 0.91× 0.84× 0.74× 0.90× 1.26× 1.05× 0.95× 0.89× 2017201820192020202120222023202420252026
EPS ($)
$4.69 $5.29 $5.51 $6.36 $8.64 $14.10 $5.98 $8.94 $8.86 $8.13 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TARGET CORP trades at about 18.9× earnings — above its 10-year norm (10-year range 12.5×–28.2×, median 14.3×).

12.5× 28.2×

Shaded band = 10-year range (12.5×–28.2×); dot = today's 18.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin28.5%29.3%
Operating margin4.9%5.2%5.3%3.5%8.4%7.0%6.0%5.5%5.8%6.9%
Net margin3.5%3.8%3.9%2.5%6.6%4.7%
FCF margin2.7%4.2%3.6%-1.4%4.8%8.4%5.2%3.3%6.1%5.5%
Return on assets6.2%7.1%7.5%5.2%12.9%8.5%
Return on equity22.9%27.9%30.8%24.8%54.2%30.2%
Debt / equity0.89×0.95×1.05×1.26×0.90×0.74×0.84×0.91×0.90×1.07×
Current ratio0.940.940.910.920.991.030.890.830.960.94

Computed from company filings · US · as of 2026-01-31. Facts plus Stocktoria's own computed scores — not investment advice.