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Target Valuation Multiples

Discover revenue and EBITDA valuation multiples for Target and similar public comparables like Woolworths Group, Myer Holdings, and Central Retail.

Target Overview

About Target

Target serves as the nation’s seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target’s upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm’s vast footprint is concentrated in urban and suburban markets as the firm seeks to appeal to a more affluent consumer base.


Founded

1902

HQ

United States of America
Employees

440K+

Financials

LTM Revenue $106B

LTM EBITDA $8.2B

EV

$63.5B

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Target Financials

Target has a last 12-month revenue (LTM) of $106B and a last 12-month EBITDA of $8.2B.

In the most recent fiscal year, Target achieved revenue of $107B and an EBITDA of $8.7B.

Target expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Target P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $106B XXX $107B XXX XXX XXX
Gross Profit $29.9B XXX $30.1B XXX XXX XXX
Gross Margin 28% XXX 28% XXX XXX XXX
EBITDA $8.2B XXX $8.7B XXX XXX XXX
EBITDA Margin 8% XXX 8% XXX XXX XXX
EBIT $5.2B XXX $5.6B XXX XXX XXX
EBIT Margin 5% XXX 5% XXX XXX XXX
Net Profit $3.8B XXX $4.1B XXX XXX XXX
Net Margin 4% XXX 4% XXX XXX XXX
Net Debt XXX XXX $11.2B XXX XXX XXX

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Target Stock Performance

As of July 11, 2025, Target's stock price is $104.

Target has current market cap of $47.4B, and EV of $63.5B.

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Target Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$63.5B $47.4B XXX XXX XXX XXX $8.20

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Target Valuation Multiples

As of July 11, 2025, Target has market cap of $47.4B and EV of $63.5B.

Target's trades at 0.6x EV/Revenue multiple, and 7.3x EV/EBITDA.

Equity research analysts estimate Target's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Target has a P/E ratio of 12.3x.

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Target Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $47.4B XXX $47.4B XXX XXX XXX
EV (current) $63.5B XXX $63.5B XXX XXX XXX
EV/Revenue 0.6x XXX 0.6x XXX XXX XXX
EV/EBITDA 7.7x XXX 7.3x XXX XXX XXX
EV/EBIT 12.1x XXX 11.4x XXX XXX XXX
EV/Gross Profit 2.1x XXX n/a XXX XXX XXX
P/E 12.3x XXX 11.6x XXX XXX XXX
EV/FCF 18.5x XXX 14.4x XXX XXX XXX

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Target Margins & Growth Rates

Target's last 12 month revenue growth is 0%

Target's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.

Target's rule of 40 is 8% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Target's rule of X is 8% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Target Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 0% XXX 0% XXX XXX XXX
EBITDA Margin 8% XXX 8% XXX XXX XXX
EBITDA Growth -3% XXX -3% XXX XXX XXX
Rule of 40 8% XXX 8% XXX XXX XXX
Bessemer Rule of X XXX XXX 8% XXX XXX XXX
Revenue per Employee XXX XXX $0.2M XXX XXX XXX
Opex per Employee XXX XXX $0.1M XXX XXX XXX
S&M Expenses to Revenue XXX XXX n/a XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX n/a XXX XXX XXX
Opex to Revenue XXX XXX 23% XXX XXX XXX

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Target Public Comps

See public comps and valuation multiples for Department Stores and Supermarkets comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Lulu Retail XXX XXX XXX XXX XXX XXX
Coles Group XXX XXX XXX XXX XXX XXX
Myer Holdings XXX XXX XXX XXX XXX XXX
Woolworths Group XXX XXX XXX XXX XXX XXX
Central Retail XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Target M&A and Investment Activity

Target acquired  XXX companies to date.

Last acquisition by Target was  XXXXXXXX, XXXXX XXXXX XXXXXX . Target acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Target

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Target

When was Target founded? Target was founded in 1902.
Where is Target headquartered? Target is headquartered in United States of America.
How many employees does Target have? As of today, Target has 440K+ employees.
Who is the CEO of Target? Target's CEO is Mr. Brian C. Cornell.
Is Target publicy listed? Yes, Target is a public company listed on NYS.
What is the stock symbol of Target? Target trades under TGT ticker.
When did Target go public? Target went public in 1972.
Who are competitors of Target? Similar companies to Target include e.g. Lulu Retail, Coles Group, Myer Holdings, Woolworths Group.
What is the current market cap of Target? Target's current market cap is $47.4B
What is the current revenue of Target? Target's last 12 months revenue is $106B.
What is the current revenue growth of Target? Target revenue growth (NTM/LTM) is 0%.
What is the current EV/Revenue multiple of Target? Current revenue multiple of Target is 0.6x.
Is Target profitable? Yes, Target is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Target? Target's last 12 months EBITDA is $8.2B.
What is Target's EBITDA margin? Target's last 12 months EBITDA margin is 8%.
What is the current EV/EBITDA multiple of Target? Current EBITDA multiple of Target is 7.7x.
What is the current FCF of Target? Target's last 12 months FCF is $3.4B.
What is Target's FCF margin? Target's last 12 months FCF margin is 3%.
What is the current EV/FCF multiple of Target? Current FCF multiple of Target is 18.5x.

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