TacticScaleWhat TJX Companies Does & How It Makes Money (TJX)
Updated October 2026 · reflects TJX Companies's latest reported financials
Off-price retailer of brand-name apparel and home fashions. TJX makes money by buying apparel, home fashions and other merchandise and reselling it at off-price levels through its store chains and e-commerce sites.
How TJX Companies makes money
TJX makes money by buying apparel, home fashions and other merchandise and reselling it at off-price levels through its store chains and e-commerce sites.
What TJX Companies does
The TJX Companies, Inc. is an off-price retailer of apparel and home fashions, selling brand and other merchandise below typical retail prices through stores and e-commerce sites worldwide. It operates four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. Its merchandise spans family apparel and footwear, accessories such as beauty and jewelry, and a broad home assortment including furniture, rugs, lighting, soft home, tabletop, cookware and seasonal decor, plus pet and gourmet food. Founded in 1962, the company is headquartered in Framingham, Massachusetts.
Products & services
- Marmaxx off-price apparel stores
- HomeGoods home fashions stores
- Family apparel and footwear
- Beauty and jewelry accessories
- Furniture, rugs, lighting and home decor
- Pet and gourmet food
What is TJX Companies worth?
On an owner-earnings DCF, TJX Companies's most-likely value is about $102 versus a recent price near $139 (27% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$49) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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