Start with its own history
At 16.25×, TGT is 2.1% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · TGTDiscount StoresUpdated Nov 5, 2026
Target Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
16.25×
2.1% belowthe 10-year annual average
Share price163.1
÷Earnings per share10.04
Price and EPS in quote currency. Calculation details
Investors are paying 16.25 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 16.59×
3-year average14.89×3 positive annual observations
5-year average17.59×5 positive annual observations
10-year average16.59×10 positive annual observations
Peer median · TTM27.32×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jan 31, 2026 | 12.93× | -16.7% |
| Feb 1, 2025 | 15.51× | -4.5% |
| Feb 3, 2024 | 16.24× | -42.0% |
| Jan 28, 2023 | 27.99× | +83.0% |
| Jan 29, 2022 | 15.30× | -26.3% |
| Jan 30, 2021 | 20.75× | +20.3% |
| Feb 1, 2020 | 17.25× | +34.8% |
| Feb 2, 2019 | 12.80× | -6.7% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Feb 3, 2018 | 13.71× | +2.0% |
| Jan 28, 2017 | 13.44× | -0.7% |
| Jan 30, 2016 | 13.54× | N/M |
| Jan 31, 2015 | N/M | N/M |
| Feb 1, 2014 | 18.27× | +36.5% |
| Feb 2, 2013 | 13.38× | +15.2% |
| Jan 28, 2012 | 11.61× | -13.9% |
| Jan 29, 2011 | 13.49× | -12.9% |
| Jan 30, 2010 | 15.49× | +42.5% |
| Jan 31, 2009 | 10.87× | -35.8% |
| Feb 2, 2008 | 16.93× | -11.8% |
| Feb 3, 2007 | 19.20× | -3.2% |
| Jan 28, 2006 | 19.84× | +41.9% |
| Jan 29, 2005 | 13.98× | -34.4% |
| Jan 31, 2004 | 21.33× | +35.3% |
| Feb 1, 2003 | 15.76× | -55.6% |
| Feb 2, 2002 | 35.53× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How TGT compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 TGT This stockTarget Corporation | 16.25× |
 WMTWalmart Inc. | 46.63× |
 DGDollar General Corporation | 18.32× |
 DLTRDollar Tree, Inc. | 17.93× |
 BJBJ's Wholesale Club Holdings, Inc. | 24.06× |
 KRThe Kroger Co. | 37.28× |
 COSTCostco Wholesale Corporation | 50.36× |
 PSMTPriceSmart, Inc. | 30.59× |
 WMMVYWal-Mart de Mexico SAB de CV Sponsored ADR Class V | 18.39× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does TGT’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 27.32×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take TGT into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("TGT", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 163.1 ÷ EPS 10.04 = 16.25×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
TGT P/E ratio: common questions
The essentials behind the numbers.
Target Corporation's current P/E is 16.25× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.