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Target (TGT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Target
NYSE•Consumer Defensive•Discount Stores
$157.70-2.13(-0.01%)Market open
Market Cap
$71.67B
P/E
16.3x
P/S
0.7x
P/B
4.0x

Target Corporation operates as a general merchandise retailer in the United States. It offers apparel for women, men, young adults, kids, toddlers, and babies, as well as jewelry, accessories, and shoes; and beauty products, such as skin and bath care, cosmetics, hair care, oral care, deodorant, and shaving products. The company also provides food and beverage products comprising dry and perishable grocery, including snacks, candy, beverages, deli, bakery, meat, produce, and food service; electronics which includes video games and consoles, toys, sporting goods, entertainment, and luggage; bed and bath, home décor, school/office supplies, storage, small appliances, kitchenware, greeting cards, party supplies, furniture, lighting, home improvement, and seasonal merchandise; and household essentials, such as household cleaning, paper products, over-the-counter healthcare, vitamins and supplements, baby gear, and pet supplies. In addition, it sells merchandise through periodic design and creative partnerships, and shop-in-shop experience; and in-store amenities. The company sells its products through its stores; and digital channels, including Target.com. Target Corporation was incorporated in 1902 and is headquartered in Minneapolis, Minnesota.

B

How this company scores

GoodMetricSide Score: 71/100

Strongest: Profitability (21/25); weakest: Growth (15/25).

Profitability21/25
Growth15/25
Balance Sheet & Red Flags16/25
Cash & Earnings Quality19/25
Strengths
Rising free cash flowHigh ROEProfit converts from growthImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 16.3x5y range 10.6x – 40.5x
P/E 16.3x · near its 20-quarter median

Currently near its 20-quarter median.

P/S · 0.7x5y range 0.4x – 1.3x
P/S 0.7x · near its 20-quarter median

Currently near its 20-quarter median.

P/B · 4.0x5y range 2.7x – 9.8x
P/B 4.0x · near its 20-quarter median

Currently near its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume
Market Cap $71.67B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$107.70B
2Q
Q. Revenue
$26.54B
5%
TTM EBITDA
$8.69B
9%
TTM Op. Income
$6.02B
11%
Q. Op. Income
$2.56B
94%
TTM Net Income
$4.39B
12%
Q. Net Income
$1.88B
101%
EPS
$4.13
100%
Shares Out.
$454.40M
2Q
$107.70B in TTM revenue grew 2.0% YoY, reaching $26.54B last quarter. TTM EBITDA of $8.69B and TTM operating income of $6.02B show growth is flowing through to the bottom line. TTM net income of $4.39B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
33.7%
2Q
EBITDA Margin
12.1%
3Q
Op. Margin
9.6%
85%
Net Margin
7.1%
91%
Op. margin of 9.6% is up 4.4% YoY — cost efficiency is improving. Net margin at 7.1% and gross margin of 33.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 85% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
16.3x
41%
P/S Ratio
0.7x
3Q
P/B Ratio
4.0x
3Q
At 16.3x P/E, the stock trades within typical market levels. P/S of 0.7x and P/B of 4.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 41% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$61.23B
6%
Cash
$5.41B
25%
Long-Term Debt
$14.22B
3Q
Book Value
$17.84B
7Q
D/E Ratio
0.8
4Q
Debt/EBITDA
4.4
44%
With $61.23B in assets and $14.22B in long-term debt, D/E is 0.8and book value is $17.84B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$3.80B
83%
TTM Free Cash Flow
$4.46B
2Q
FCF Margin
4.1%
2Q
FCF / Net Income
1.0
2Q
TTM FCF of $4.46B on $3.80B in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.

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