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U.S. Luxury Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies68
  • 7D-1.1%
  • 3M-23.1%
  • 1Y-20.9%
  • YTD-19.1%

Over the last 7 days, the Luxury industry has dropped 2.2%, driven by declines in Birkenstock Holding and Ralph Lauren of 14% and 4.9%, respectively. On the other hand On Holding is actually up 10%. However, the industry is down 19% over the past year. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the U.S. Luxury Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 May 2026US$222.9bUS$157.1bUS$7.4b20.9x30.2x1.4x
Fri, 17 Apr 2026US$247.3bUS$155.8bUS$7.1b18.5x35x1.6x
Sun, 15 Mar 2026US$244.6bUS$155.1bUS$7.8b19x31.6x1.6x
Tue, 10 Feb 2026US$275.1bUS$154.4bUS$7.9b21x34.7x1.8x
Thu, 08 Jan 2026US$279.9bUS$149.5bUS$9.1b20.4x30.9x1.9x
Sat, 06 Dec 2025US$268.8bUS$149.2bUS$9.5b21.5x28.2x1.8x
Mon, 03 Nov 2025US$250.0bUS$148.2bUS$9.6b19.5x26.1x1.7x
Wed, 01 Oct 2025US$268.3bUS$147.9bUS$9.9b21.1x27x1.8x
Fri, 29 Aug 2025US$298.1bUS$157.3bUS$10.6b20.4x28.1x1.9x
Sun, 27 Jul 2025US$299.8bUS$160.4bUS$10.3b17.5x29x1.9x
Tue, 24 Jun 2025US$265.2bUS$161.5bUS$11.6b15.5x22.9x1.6x
Thu, 22 May 2025US$293.2bUS$161.8bUS$11.7b17.3x25.1x1.8x
Sat, 19 Apr 2025US$235.6bUS$161.7bUS$11.4b15.1x20.7x1.5x
Mon, 17 Mar 2025US$283.4bUS$162.1bUS$11.6b16.6x24.5x1.7x
Wed, 12 Feb 2025US$321.1bUS$161.5bUS$11.1b18.2x28.9x2x
Fri, 10 Jan 2025US$329.6bUS$160.6bUS$11.5b18.4x28.8x2.1x
Sun, 08 Dec 2024US$337.1bUS$161.8bUS$11.8b19.5x28.6x2.1x
Tue, 05 Nov 2024US$301.2bUS$161.9bUS$11.6b18.1x25.9x1.9x
Thu, 03 Oct 2024US$321.7bUS$163.0bUS$11.1b19.9x28.9x2x
Sat, 31 Aug 2024US$303.1bUS$163.0bUS$11.2b18x27.1x1.9x
Mon, 29 Jul 2024US$282.6bUS$168.6bUS$11.3b17.7x24.9x1.7x
Wed, 26 Jun 2024US$338.0bUS$168.1bUS$10.8b18.8x31.3x2x
Fri, 24 May 2024US$321.2bUS$168.0bUS$11.1b19.4x28.9x1.9x
Sun, 21 Apr 2024US$312.6bUS$164.4bUS$11.5b17.7x27.1x1.9x
Tue, 19 Mar 2024US$345.1bUS$164.3bUS$11.1b17.6x31.2x2.1x
Thu, 15 Feb 2024US$347.8bUS$158.9bUS$10.4b19.3x33.5x2.2x
Sat, 13 Jan 2024US$342.0bUS$159.4bUS$11.0b17.9x31x2.1x
Mon, 11 Dec 2023US$358.6bUS$159.2bUS$10.8b16.9x33.3x2.3x
Wed, 08 Nov 2023US$321.7bUS$159.0bUS$10.3b15.1x31.1x2x
Fri, 06 Oct 2023US$286.0bUS$157.0bUS$10.5b13.3x27.1x1.8x
Sun, 03 Sep 2023US$311.9bUS$156.7bUS$10.5b14.2x29.7x2x
Tue, 01 Aug 2023US$328.0bUS$156.9bUS$10.9b14x30.2x2.1x
Thu, 29 Jun 2023US$324.9bUS$155.6bUS$11.2b12.1x29x2.1x
Sat, 27 May 2023US$308.4bUS$155.3bUS$11.2b11.1x27.5x2x
Price to Earnings Ratio

27.5x


Total Market Cap: US$308.4bTotal Earnings: US$11.2bTotal Revenue: US$155.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Luxury Industry Price to Earnings3Y Average 28.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Luxury industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.7x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have declined 13% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Discretionary industry?

US Market-1.01%
Consumer Discretionary-3.21%
Luxury-1.10%
Footwear0.091%
Apparel, Accessories and Luxury Goods-2.12%
Textiles-5.62%
Industry PE
  • Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry which is trading above its 3-year average PE ratio of 31.6x.
    • Analysts expect its future annual earnings growth (17.2%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 113% over the next 5 years.
  • In contrast, the Apparel, Accessories and Luxury Goods industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ONON On HoldingUS$37.3410.4%
+US$1.2b		-37.4%PE39x
AS Amer SportsUS$33.830.8%
+US$157.1m		-9.5%PE43x
NKE NIKEUS$42.420.2%
+US$103.7m		-32.2%PE27.9x
CRI Carter'sUS$35.747.3%
+US$89.2m		-2.8%PE14.9x
UAA Under ArmourUS$5.142.2%
+US$46.8m		-22.9%PS0.4x

Latest News

AS
US$33.83
Amer Sports
7D
0.8%
1Y
-9.5%
LULU
US$119.22
lululemon athletica
7D
-4.7%
1Y
-63.6%
NKE
US$42.42
NIKE
7D
0.2%
1Y
-32.2%
PVH
US$79.42
PVH
7D
-3.7%
1Y
-7.4%
CRI
US$35.74
Carter's
7D
7.3%
1Y
-2.8%
ONON
US$37.34
On Holding
7D
10.4%
1Y
-37.4%
LEVI
US$20.78
Levi Strauss
7D
-3.6%
1Y
16.5%
KTB
US$64.03
Kontoor Brands
7D
-5.4%
1Y
-12.4%
BIRK
US$32.50
Birkenstock Holding
7D
-14.4%
1Y
-42.4%
ZGN
US$12.52
Ermenegildo Zegna
7D
1.0%
1Y
45.8%
Narrative Update • May 14

ZGN: Fair Value Views Will Hinge On Margin Resilience And P/E Expectations

Analysts have lifted the indicative fair value for Ermenegildo Zegna stock by about $1.13 per share, reflecting updated views on revenue growth assumptions, profit margin assumptions, and a higher future P/E multiple in recent research. Analyst Commentary Bullish Takeaways Bullish analysts lifting price targets by about $1.70 to $2 generally see room for the stock to better reflect their updated assumptions on revenue and profitability.
UAA
US$5.14
Under Armour
7D
2.2%
1Y
-22.9%
DECK
US$94.27
Deckers Outdoor
7D
-0.7%
1Y
-26.8%
Narrative Update • May 11

DECK: Brand Execution And Key Franchises Will Support Future Upside Potential

Deckers Outdoor's analyst price target has moved from about $111 to $128 as analysts weigh recent upgrades and downgrades along with updated views on discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research has been mixed, with some bullish analysts highlighting execution around key brands and guidance, while bearish analysts focus more on the valuation assumptions and potential pressure on future P/E multiples.
RL
US$320.69
Ralph Lauren
7D
-4.9%
1Y
14.5%
Narrative Update • May 10

RL: Durable Brand And Margin Execution Will Support Premium Multiple Potential

Ralph Lauren's analyst price target has been nudged higher to about $413 from roughly $405, as analysts factor in slightly lower discount rates, modestly higher revenue growth assumptions, and a marginally higher future P/E informed by recent upbeat research and management meetings. Analyst Commentary Recent Street research points to a generally constructive tone on Ralph Lauren, with multiple firms lifting price targets and, in one case, upgrading the stock following a selloff.
RCKY
US$34.99
Rocky Brands
7D
6.3%
1Y
67.1%
JXG
US$5.57
JX Luxventure Group
7D
36.2%
1Y
-85.3%
VFC
US$16.74
V.F
7D
-4.8%
1Y
16.0%
Narrative Update • May 01

VFC: Fair Outlook Will Depend On Vans Recovery And Execution Improvements

The analyst fair value estimate for V.F. has moved from $16.95 to $20.70 as analysts factor in updated assumptions on revenue growth, profit margins, and future P/E, supported by a series of recent upgrades and price target increases from the Street. Analyst Commentary Recent Street research on V.F. reflects a mix of optimism about the potential for better execution and caution about the pace of brand recovery, especially at Vans.