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U.S. Luxury Industry Analysis

UpdatedJul 05, 2026
DataAggregated Company Financials
Companies67
  • 7D1.5%
  • 3M3.6%
  • 1Y-15.7%
  • YTD-11.9%

The Luxury industry is up 1.5% in the last week, with NIKE up 8.2%. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Jul 2026US$240.8bUS$156.5bUS$9.6b21.5x25.1x1.5x
Tue, 02 Jun 2026US$247.1bUS$156.8bUS$8.7b23.3x28.6x1.6x
Thu, 30 Apr 2026US$241.4bUS$155.8bUS$7.1b19.4x34.2x1.5x
Sat, 28 Mar 2026US$238.0bUS$155.3bUS$7.6b18.3x31.5x1.5x
Mon, 23 Feb 2026US$291.7bUS$154.3bUS$7.7b21.5x37.9x1.9x
Wed, 21 Jan 2026US$271.3bUS$149.5bUS$9.1b19.6x30x1.8x
Fri, 19 Dec 2025US$275.5bUS$149.4bUS$9.4b20.3x29.2x1.8x
Sun, 16 Nov 2025US$251.8bUS$152.4bUS$10.0b19.5x25.2x1.7x
Tue, 14 Oct 2025US$252.6bUS$148.1bUS$9.7b19.4x26x1.7x
Thu, 11 Sep 2025US$284.6bUS$157.4bUS$10.6b19.5x26.8x1.8x
Sat, 09 Aug 2025US$282.3bUS$156.3bUS$10.8b18.1x26x1.8x
Mon, 07 Jul 2025US$297.4bUS$160.1bUS$10.3b16.9x29x1.9x
Wed, 04 Jun 2025US$281.6bUS$161.2bUS$11.8b16.5x23.9x1.7x
Fri, 02 May 2025US$248.1bUS$160.9bUS$11.6b14.8x21.5x1.5x
Sun, 30 Mar 2025US$266.1bUS$161.3bUS$11.3b15.9x23.5x1.6x
Tue, 25 Feb 2025US$321.2bUS$161.6bUS$11.4b18.3x28.2x2x
Thu, 23 Jan 2025US$336.6bUS$160.6bUS$11.5b18.4x29.4x2.1x
Sat, 21 Dec 2024US$330.3bUS$160.8bUS$11.4b18.5x29x2.1x
Mon, 18 Nov 2024US$307.3bUS$161.5bUS$11.6b18.3x26.4x1.9x
Wed, 16 Oct 2024US$312.1bUS$161.6bUS$10.7b19x29.1x1.9x
Fri, 13 Sep 2024US$291.5bUS$162.9bUS$11.2b17.4x26.1x1.8x
Sun, 11 Aug 2024US$279.2bUS$162.6bUS$10.9b16.5x25.5x1.7x
Tue, 09 Jul 2024US$292.6bUS$168.3bUS$11.3b17.6x25.9x1.7x
Thu, 06 Jun 2024US$336.8bUS$168.2bUS$10.8b18.4x31.2x2x
Sat, 04 May 2024US$314.4bUS$164.4bUS$11.7b19.5x27x1.9x
Mon, 01 Apr 2024US$335.1bUS$164.3bUS$11.5b19.3x29.2x2x
Wed, 28 Feb 2024US$359.1bUS$164.4bUS$10.8b19.4x33.4x2.2x
Fri, 26 Jan 2024US$334.2bUS$159.4bUS$10.9b17.4x30.6x2.1x
Sun, 24 Dec 2023US$353.6bUS$159.4bUS$11.0b17.8x32.1x2.2x
Tue, 21 Nov 2023US$325.6bUS$158.9bUS$10.4b16.3x31.3x2x
Thu, 19 Oct 2023US$313.8bUS$158.5bUS$10.5b15.3x29.8x2x
Sat, 16 Sep 2023US$295.0bUS$156.9bUS$10.6b13.8x27.9x1.9x
Mon, 14 Aug 2023US$322.4bUS$156.2bUS$10.5b15.3x30.8x2.1x
Wed, 12 Jul 2023US$322.3bUS$156.6bUS$10.7b13.4x30x2.1x
Price to Earnings Ratio

30x


Total Market Cap: US$322.3bTotal Earnings: US$10.7bTotal Revenue: US$156.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Luxury Industry Price to Earnings3Y Average 28.7x202420252026
Current Industry PE
  • Investors are pessimistic on the American Luxury industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 25.1x which is lower than its 3-year average PE of 28.7x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have declined 3.7% 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 Market1.63%
Consumer Discretionary2.72%
Luxury1.47%
Textiles4.56%
Footwear4.45%
Apparel, Accessories and Luxury Goods-0.97%
Industry PE
  • Investors are most optimistic about the Apparel, Accessories and Luxury Goods industry even though it's trading below its 3-year average PE ratio of 31.7x.
    • Analysts are expecting annual earnings growth of 15.8%, which is lower than the prior year's growth of 22.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 113% over the next 5 years.
  • In contrast, the Footwear industry is expected to see its earnings grow by 14% 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
NKE NIKEUS$44.098.2%
+US$4.9b		-42.3%PE21x
AS Amer SportsUS$35.052.6%
+US$512.0m		-9.8%PE44.6x
BIRK Birkenstock HoldingUS$45.993.5%
+US$288.7m		-5.8%PE20.8x
UAA Under ArmourUS$6.635.2%
+US$140.7m		-6.8%PS0.6x
LULU lululemon athleticaUS$118.430.7%
+US$97.7m		-52.2%PE9.2x

Latest News

NKE
US$44.09
NIKE
7D
8.2%
1Y
-42.3%
CRI
US$40.65
Carter's
7D
-6.2%
1Y
29.1%
Seeking Alpha • Jul 03

Carter's: Retail Is Improving, But Earnings Still Need To Catch Up

Summary Carter's shows improving US Retail demand, but earnings growth remains elusive, warranting a hold rating. The US Retail segment posted 12.8% net sales and 10.5% comp growth in Q1, driven by increased traffic and unit growth. Wholesale remains a significant drag, with margins dropping sharply and segment growth stagnating. Valuation is undemanding at ~12x NTM P/E, but upside depends on sustained retail momentum and wholesale margin recovery. Read the full article on Seeking Alpha
LULU
US$118.43
lululemon athletica
7D
0.7%
1Y
-52.2%
BIRK
US$45.99
Birkenstock Holding
7D
3.5%
1Y
-5.8%
Seeking Alpha • Jul 02

Birkenstock Holding's Strong Growth Doesn't Justify A Price This Low

Summary Birkenstock Holding plc demonstrates strong multi-year revenue growth, driven by both B2B and direct-to-consumer channels across global markets. BIRK is targeting 10% annual growth in pairs sold and expects 13–15% revenue growth this year, despite inflation and supply chain headwinds. Valuation appears reasonable relative to peers, with management signaling undervaluation via a $250 million accelerated share buyback (~3.2% of market cap). I assign a soft Buy rating, supported by robust growth levers, expanding production, and the brand's positioning as affordable luxury. Read the full article on Seeking Alpha
ONON
US$36.83
On Holding
7D
-0.6%
1Y
-32.2%
Narrative Update • Jul 02

ONON: Recalibrated Growth Outlook Will Test Premium Brand Momentum

Analysts have reduced their fair value estimate for On Holding to $27.06 from $42.09. They are recalibrating revenue growth, margin expectations and valuation multiples in light of recent price target revisions that cluster in the $42 to $60 range.
UAA
US$6.63
Under Armour
7D
5.2%
1Y
-6.8%
FIGS
US$9.99
FIGS
7D
-13.9%
1Y
70.8%
CROX
US$125.28
Crocs
7D
-1.9%
1Y
16.7%
Seeking Alpha • Jul 01

Crocs: Wholesale Deterioration Invalidates Cheap Price (Downgrade)

Summary Crocs is downgraded to a sell after a 40% YTD rally, as fundamentals do not justify current valuation. Despite trading at 8.9x FY26 P/E, CROX faces declining sales, margin compression, and significant net debt of $1.2 billion. Wholesale weakness, especially in North America, and deteriorating brand momentum signal heightened operating risk for CROX. With no clear catalysts and eroding profitability, CROX’s recent gains present an opportunity to divest and seek better value elsewhere. Read the full article on Seeking Alpha
TPR
US$144.21
Tapestry
7D
-1.2%
1Y
59.9%
Narrative Update • Jun 30

TPR: AI Decision Support And Gen Z Engagement Will Support Higher Future P/E

The analyst price target for Tapestry has moved from $205 to about $223, with analysts pointing to long term growth potential supported by brand strength, marketing scale, and AI driven decision support across the business. Analyst Commentary Recent research on Tapestry highlights a generally constructive tone, with several bullish analysts revisiting their models and price targets after fresh management meetings and updated views on the company’s earnings power and use of technology.
KTB
US$85.00
Kontoor Brands
7D
2.1%
1Y
18.0%
SHOO
US$39.92
Steven Madden
7D
-7.6%
1Y
53.7%
VFC
US$16.30
V.F
7D
-6.2%
1Y
29.6%
Seeking Alpha • Jun 26

V.F. Corporation: Vans Is Improving, But The Turnaround Still Needs More Time

Summary V.F. Corporation remains a hold as Vans' recovery is incomplete, despite early signs of improvement in Americas DTC. The North Face and Timberland continue to grow, reducing portfolio reliance on Vans and providing stability to VFC’s revenue base. Valuation remains at ~15x forward P/E, reflecting improved fundamentals but persistent execution risk tied to Vans and H2-weighted FY27 guidance. I would upgrade to buy if Vans’ recovery broadens globally and FY27 growth becomes less dependent on H2 performance. Read the full article on Seeking Alpha
AS
US$35.05
Amer Sports
7D
2.6%
1Y
-9.8%
Narrative Update • Jun 24

AS: Future Upside Will Hinge On 2026 Store Expansion Execution

Analysts have slightly raised their price target for Amer Sports to $50.11 from $49.72. The change reflects updated assumptions around the discount rate, long term revenue growth, profit margin and future P/E.
PVH
US$75.23
PVH
7D
1.1%
1Y
3.9%
Narrative Update • Jun 22

PVH: Tariff Refunds Will Support Earnings While EMEA Headwinds Ease

Analysts have nudged their PVH price target lower to about $129 from roughly $139, largely reflecting recent cuts to Street targets as softer EMEA trends, tariff related earnings support, and a more balanced risk/reward tone contribute to slightly lower profit margin assumptions, despite stable revenue growth expectations and a modestly higher forward P/E multiple. Analyst Commentary Street research on PVH highlights a mix of caution around Europe and tariffs, alongside pockets of confidence in the company’s ability to execute on its plan and support its current valuation.
RL
US$398.22
Ralph Lauren
7D
-3.1%
1Y
42.3%
Narrative Update • Jun 22

RL: Elevated P/E And 2027 Margin Reliance Will Pressure Overvalued Shares

Analysts have raised their Ralph Lauren fair value estimate by about $8 to $316.77, citing a higher blend of Street price targets following recent Q4-driven target increases and updated assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent Street research on Ralph Lauren has centered on how the stock’s valuation lines up with its latest Q4 results, revenue outlook and margin assumptions.
DECK
US$104.69
Deckers Outdoor
7D
0.1%
1Y
-1.4%
Analysis Article • Jun 19

Deckers Outdoor (DECK) Stock Could Be 14% Undervalued After Ugg Patent Verdict

A recent federal jury decision that invalidated Deckers Outdoor (DECK) design patent on the Ugg Ultra Mini Boot, while still finding a competitor’s product infringing, has sharpened investor focus on the stock’s legal and earnings outlook. See our latest analysis for Deckers Outdoor. Deckers Outdoor shares have been volatile around the legal headlines and upcoming earnings, with a 1-month share price return of 15.74% and a 1-year total shareholder return of 8.03% indicating that momentum has...