Target Corporation (TGT) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Target's start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating ove...
Target Corporation (TGT) currently trades at a P/E ratio of 18.91 (historical range: 9.38–27.38, median: 16.31), placing it at the 85th percentile — expensive relative to its history, P/S ratio of 0.67 (range: 0.36–1.30, 65th percentile — above its historical average), EV/EBITDA of 15.48 (range: 8.75–23.34, 72th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Target Corporation's P/E ratio has contracted by 22% over the observed period (from an average of 18.1 to 14.1).
Target Corporation trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 18.91 | 16.31 | 85th | expensive relative to its history |
| P/S Ratio | 0.67 | 0.63 | 65th | above its historical average |
| EV/EBITDA | 15.48 | 14.17 | 72th | above its historical average |
| FCF Yield | 4.05% | 5.44% | 31th | above its historical average |
Target Corporation (TGT) Valuation & P/E History
Target Corporation (TGT) is a US-listed stock operating in the Consumer Defensive sector, specifically the Discount Stores industry currently trading at $154.11 with a market capitalization of $70.0 billion. This page provides historical valuation analysis for TGT based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 18.91 is above the historical median of 16.31, placing TGT at the 85th percentile of its valuation range. The P/S ratio of 0.67 compares to a median of 0.63.
TGT Valuation Metrics & Historical Range
The valuation table above shows Target Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether TGT is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests TGT is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Target Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is TGT Overvalued or Undervalued?
Target Corporation trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 74 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive TGT is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full TGT analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.TGT trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.