P/E ratio for Target (TGT)
P/E ratio as of June 2024 (TTM): 20.5
According to Target's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.474. At the end of 2022 the company had a P/E ratio of 20.2.
P/E ratio history for Target from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 20.2 | 19.96% |
| 2021 | 16.9 | -27.13% |
| 2020 | 23.2 | 14.02% |
| 2019 | 20.3 | 86% |
| 2018 | 10.9 | -19.81% |
| 2017 | 13.6 | 6.18% |
| 2016 | 12.8 | -119.26% |
| 2015 | -66.6 | -310.61% |
| 2014 | 31.6 | 87.97% |
| 2013 | 16.8 | 29.4% |
| 2012 | 13.0 | 8.67% |
| 2011 | 12.0 | -23.57% |
| 2010 | 15.7 | -7.41% |
| 2009 | 16.9 | 61.14% |
| 2008 | 10.5 | -27.79% |
| 2007 | 14.5 | -23.31% |
| 2006 | 19.0 | -11.04% |
| 2005 | 21.3 | 30.88% |
| 2004 | 16.3 | -22.42% |
| 2003 | 21.0 | 25.82% |
| 2002 | 16.7 | -43.53% |
| 2001 | 29.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walmart WMT | 12.4 | -39.28% | 🇺🇸 USA |
 Costco COST | 64.7 | 215.81% | 🇺🇸 USA |
 Dollar General DG | 13.1 | -36.24% | 🇺🇸 USA |
 Dollar Tree DLTR | 20.8 | 1.75% | 🇺🇸 USA |
 Kohl's
KSS | -20.6 | -200.65% | 🇺🇸 USA |
 Macy's
M | 6.93 | -66.13% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.