Target price to free cash flow TGT

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 15.6×
10-year median: 14.3×
Against its 10-year history: 56th; percentile: 0 is its lowest day, 100 its highest
10-year range: 5.9× to 187×
Peer median: 20.5×

Target's price to free cash flow is 15.6× as of Oct 23, 2026.

That is above its ten-year median of 14.3×, close to the middle of its last ten years.

Over that time it ranged from 5.9× in Jun 2017 to 187× in Sep 2022.

The median for 5 discount retailers of a similar size is 20.5×.

Price to free cash flow over time

median 14.3×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	15.6×	15.1×	24.8×
2025	15.0×	9.4×	15.0×
2024	13.7×	10.9×	21.5×
2023	18.1×	16.7×	129×
2022	176×	14.1×	187×
2021	18.6×	11.4×	20.3×
2020	12.0×	11.3×	18.3×
2019	18.9×	12.8×	21.7×
2018	12.6×	7.8×	14.3×
2017	7.7×	5.9×	11.6×
2016	11.7×	8.9×	14.1×
2015	9.3×	9.2×	30.1×
2014	29.3×	11.5×	55.5×
2013	13.3×	10.6×	22.3×
2012	13.4×	13.4×	37.7×
2011	30.7×	9.6×	32.0×
2010	11.2×	8.2×	11.2×

Against its peers

Companies in Discount Stores nearest Target's size, closest first, today.

Company	Price to free cash flow
TGTTarget	15.6×
DGDollar General	14.6×
DLTRDollar Tree	11.9×
BJBJ's Wholesale Club	37.3×
FIVEFive Below	20.5×
COSTCostco Wholesale	47.4×
Peer median	20.5×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Target

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.