How Does TJX Companies’ Valuation Look ahead of Q2 Results?
TJX Companies’ (TJX) 12-month forward PE (price-to-earnings) ratio was 20.0x as of August 15. The company’s forward valuation multiple has risen 14.4% since the announcement of its results for the first quarter of fiscal 2019 in May. TJX Companies’ off-price retailer peers Ross Stores (ROST) and Burlington Stores (BURL) were trading at higher forward valuation multiples of 21.2x and 24.9x, respectively, as of August 15.