P/E Ratio Insights for TJX Companies
Portfolio Pulse from Benzinga Insights
TJX Companies Inc. (NYSE:TJX) shares are trading at $114.06, down 0.87%. The stock has decreased by 1.34% over the past month but increased by 28.59% over the past year. The company's P/E ratio of 27.86 is higher than the Specialty Retail industry's average of 19.45, suggesting potential overvaluation.
October 04, 2024 | 4:50 pm
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TJX Companies' stock is trading at $114.06, with a P/E ratio of 27.86, higher than the industry average of 19.45. This suggests potential overvaluation despite a 28.59% increase over the past year.
The article highlights TJX's P/E ratio being higher than the industry average, which could indicate overvaluation. This, combined with recent short-term stock performance, suggests a potential negative impact on the stock price in the short term.
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