Is The TJX Cos., Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for The TJX Cos., Inc. moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 29, an EV to EBITDA of 19.25, and a Price to Book Value of 16.85. In comparison, Ross Stores, Inc. has a P/E of 29.21 and an EV to EBITDA of 20.04, indicating that The TJX Cos. is competitively positioned within its industry.
The TJX Cos. has outperformed the S&P 500 over multiple periods, with a year-to-date return of 19.06% compared to the S&P 500's 13.30%, and a three-year return of 118.30% versus 81.19% for the index. This strong performance reinforces the view that the stock is fairly valued in the current market environment.