What is Tjx Companies Inc worth?
With the base-case assumptions below, a discounted cash flow model on Tjx Companies Inc's reported free cash flow gives $117.01 per share. The share price was $130.06 on September 25, 2026, 11% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 6.0% | 10.0% | $72.55 | -44% |
| Base | 11.0% | 9.0% | $117.01 | -10% |
| Bull | 16.0% | 8.0% | $199.92 | +54% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $149.98 | $160.16 | $172.62 | $188.18 | $208.19 |
| 8.0% | $125.28 | $131.89 | $139.70 | $149.07 | $160.52 |
| 9.0% | $107.28 | $111.80 | $117.01 | $123.09 | $130.28 |
| 10.0% | $93.61 | $96.82 | $100.46 | $104.62 | $109.42 |
| 11.0% | $82.89 | $85.24 | $87.87 | $90.84 | $94.19 |
Where the presets come from
Base: years 1 to 5 grow at Tjx Companies Inc's revenue growth rate over the last 6 fiscal years (11.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions