Target
TGT
#368
Rank
HK$435.58 B
Marketcap
HK$948.47
Share price
0.12%
Change (1 day)
-6.12%
Change (1 year)

P/E ratio for Target (TGT)

P/E ratio as of November 2024 (TTM): 16.6

According to Target's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.6284. At the end of 2022 the company had a P/E ratio of 20.2.

P/E ratio history for Target from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202220.219.96%
202116.9-27.13%
202023.214.02%
201920.386%
201810.9-19.81%
201713.66.18%
201612.8-119.26%
2015-66.6-310.61%
201431.687.97%
201316.829.4%
201213.08.67%
201112.0-23.57%
201015.7-7.41%
200916.961.14%
200810.5-27.79%
200714.5-23.31%
200619.0-11.04%
200521.330.88%
200416.3-22.42%
200321.025.82%
200216.7-43.53%
200129.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
10.6-35.95%๐Ÿ‡บ๐Ÿ‡ธ USA
16.7 0.44%๐Ÿ‡บ๐Ÿ‡ธ USA
73.6 342.61%๐Ÿ‡บ๐Ÿ‡ธ USA
-16.0-196.16%๐Ÿ‡บ๐Ÿ‡ธ USA
5.28-68.27%๐Ÿ‡บ๐Ÿ‡ธ USA
11.5-31.04%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.