Target Valuation Multiples

Target Overview

About Target

Target’s start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating over $106 billion in fiscal 2024 sales. The company offers a broad assortment of merchandise across categories including apparel and accessories (16% of fiscal 2024 revenue), beauty and household essentials (30%), food and beverage (23%), hardlines (15%), as well as home furnishings (16%). Target’s model is anchored in its physical store base, which fulfills more than 97% of sales. Around 30% of sales are derived from its own private-label brands.

Founded

1902

HQ

Employees

440.0K

Website

corporate.target.com

Sectors

Department StoresSupermarkets

Financials (LTM)

Revenue: $105B

EBITDA: $8B

EV

$67B

Valuation Multiples

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Target Financials

Target reported last 12-month revenue of $105B and EBITDA of $8B.

In the same LTM period, Target generated $29B in gross profit, $8B in EBITDA, and $3B in net income.

Target P&L

In the most recent fiscal year, Target reported revenue of $105B and EBITDA of $8B.

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

Target Stock Performance

Target has current market cap of $51B, and enterprise value of $67B.

Target's stock price is $113.17.

Target Valuation Multiples

Target trades at 0.6x EV/Revenue multiple, and 8.4x EV/EBITDA.

Target Financial Valuation Multiples

As of March 28, 2026, Target has market cap of $51B and EV of $67B.

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 14.7x.

Target Margins & Growth Rates

Target's revenue in the last 12 month grew by 2%.

Target's revenue per employee in the last FY averaged $0.2M.

Target's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Target's rule of X is 13% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Target Public Comps

See public comps and valuation multiples for other Department Stores and Supermarkets comps.

Target M&A Activity

Target acquired XXX companies to date.

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

Target Investment Activity

Target invested in XXX companies to date.

Target made its latest investment on XXXXXXXX, XXXXX. Target invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).