What is The TJX Companies, Inc. (TJX) DCF Fair Value and Intrinsic Value in 2026?

The TJX Companies, Inc. (TJX) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is The TJX Companies, Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

The TJX Companies, Inc. operates in the Consumer Cyclical sector (Apparel Retail) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is The TJX Companies, Inc.'s financial health rating and Piotroski F-Score?

The TJX Companies, Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor The TJX Companies, Inc. (TJX) for quarterly SEC filing thesis breaks?

LocalAlpha audits The TJX Companies, Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksTJX

TJX

TJX Companies, Inc. (The)Consumer Cyclical / Apparel RetailINTACT

The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer worldwide. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company provides family apparel comprising footwear; accessories, such as beauty and jewelry; home fashion products, including home basics, decorative accessories and giftware, as well as furniture, rugs, lighting, soft home, decorative accessories, tabletop, and cookware; pet and gourmet food; and other merchandise. It also offers home decor, furniture, and seasonal home merchandise. The company sells its products through stores and e-commerce sites. The TJX Companies, Inc. was incorporated in 1962 and is headquartered in Framingham, Massachusetts.

Share Price

$126.02

52W: $124.87 - $170

DCF Fair Value

$68.55

-83.8% Premium

Thesis Hub

P/E (TTM)

23.3x

ROIC

8.2%

Operating Margin

10.9%

FCF Yield

3.2%

Debt / Equity

1.34x

Piotroski Score

6/9

Altman Z-Score

3.58

Market Cap

$139.2B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($68.55)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$68.55

MOS Buy Target (-25%)

$51.41

Valuation Overlays: DCF Fair Value ($68.55) 25% MOS Buy Target ($51.41) Revised Graham ($82.67) Graham Number ($33.82)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$126.02

DCF Fair Value

$68.65

-83.6% Premium

Starting Free Cash Flow ($M)$4,398M

$100M$4,398M (Reported)$50,000M

Stage 1 Growth (Years 1-5)5.5%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$8,300M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$36.4B

PV of Terminal Value

$47.7B

Implied Enterprise Value

$84.2B

Implied Equity Value

$75.9B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$4,640	$4,895	$5,164	$5,448	$5,748	$6,007	$6,277	$6,559	$6,855	$7,163
Present Value (PV)	$4,257	$4,120	$3,988	$3,860	$3,736	$3,582	$3,434	$3,292	$3,156	$3,026

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-272.7% Premium

$33.81

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $5.40BVPS: $9.41

Revised Graham Formula-52.4% Premium

$82.67

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings3% Yield

$3.78 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $4.2BYield: 3%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

11.7% CAGR (Next 10 Yrs)

At the current price of $126.02, the market is assuming the business will compound Free Cash Flow at 11.7% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

ℹ Fair expectations: Requires steady execution.

Autonomous Thesis Underwriting

Surveil TJX with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for TJX Companies, Inc. (The). If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 10.9% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: TJX Companies, Inc. (The) (TJX) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for TJX Companies, Inc. (The).

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, TJX Companies, Inc. (The) has an estimated DCF intrinsic fair value of $68.55 per share compared to its current market price of $126.02. This represents an estimated 83.8% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $33.82.