| Target (NYSE: TGT) stands as a powerhouse in American retail. With nearly 2,000 stores across the country, it has become a go-to destination for shoppers seeking everything from groceries and household essentials to trendy apparel and home decor. The stock's journey over the past year tells an interesting tale. After peaking near $245 in late 2021, shares tumbled about 60% to around $100 by the fall of 2023 as consumers pulled back on discretionary spending. More recently, though, the stock has rebounded, reflecting growing investor confidence in retailers. Let's examine whether Target represents a good value at current prices by looking at two key metrics. First, let's consider the company's enterprise value relative to its net assets (EV/NAV), which currently sits at 5.39. That's notably lower than the average of 7.33 among companies with positive net assets. That means you're paying less for each dollar of Target's assets than you would for the typical company. But value investing isn't just about buying cheap assets - it's about finding companies that can efficiently turn those assets into cash. So, is Target churning out enough cash to justify its valuation? | 
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