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U.S. Luxury Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies67
  • 7D-1.9%
  • 3M-10.8%
  • 1Y-5.5%
  • YTD-11.5%

Over the last 7 days, the Luxury industry has dropped 1.9%, driven by On Holding declining 14%. Meanwhile, PVH actually outperformed within the industry, gaining 6.0% in the last week. The industry has fallen 5.5% in the last year. 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, 01 Apr 2026US$233.5bUS$155.3bUS$7.6b18.8x30.9x1.5x
Fri, 27 Feb 2026US$281.7bUS$155.0bUS$7.8b21x36.1x1.8x
Sun, 25 Jan 2026US$271.8bUS$149.6bUS$9.1b19.7x30x1.8x
Tue, 23 Dec 2025US$265.0bUS$149.5bUS$9.1b20.3x29.3x1.8x
Thu, 20 Nov 2025US$249.2bUS$152.7bUS$10.1b19.3x24.8x1.6x
Sat, 18 Oct 2025US$260.3bUS$148.2bUS$9.7b19.4x26.8x1.8x
Mon, 15 Sep 2025US$273.4bUS$147.9bUS$9.9b20.5x27.5x1.8x
Wed, 13 Aug 2025US$280.2bUS$156.5bUS$11.2b18.2x25.1x1.8x
Fri, 11 Jul 2025US$292.9bUS$160.1bUS$10.3b17.1x28.5x1.8x
Sun, 08 Jun 2025US$276.0bUS$161.4bUS$11.6b16.8x23.8x1.7x
Tue, 06 May 2025US$255.9bUS$161.0bUS$11.5b14.9x22.2x1.6x
Thu, 03 Apr 2025US$269.2bUS$161.2bUS$11.2b15.7x24x1.7x
Sat, 01 Mar 2025US$319.9bUS$162.0bUS$11.4b17.6x28x2x
Mon, 27 Jan 2025US$342.3bUS$160.7bUS$11.5b18.6x29.9x2.1x
Wed, 25 Dec 2024US$335.8bUS$160.6bUS$11.5b18.7x29.3x2.1x
Fri, 22 Nov 2024US$299.3bUS$161.7bUS$11.7b18.4x25.5x1.9x
Sun, 20 Oct 2024US$314.9bUS$161.5bUS$10.7b19.5x29.3x1.9x
Tue, 17 Sep 2024US$298.3bUS$163.0bUS$11.2b17.8x26.7x1.8x
Thu, 15 Aug 2024US$288.6bUS$162.7bUS$11.0b16.5x26.2x1.8x
Sat, 13 Jul 2024US$290.4bUS$168.4bUS$11.3b17.9x25.7x1.7x
Mon, 10 Jun 2024US$340.7bUS$168.2bUS$10.8b18.8x31.5x2x
Wed, 08 May 2024US$318.6bUS$164.4bUS$11.7b19.1x27.3x1.9x
Fri, 05 Apr 2024US$317.8bUS$164.2bUS$11.5b18.3x27.7x1.9x
Sun, 03 Mar 2024US$353.4bUS$164.4bUS$10.8b18.6x32.7x2.1x
Tue, 30 Jan 2024US$340.9bUS$159.4bUS$10.9b17.8x31.2x2.1x
Thu, 28 Dec 2023US$353.1bUS$159.5bUS$11.0b17.8x32x2.2x
Sat, 25 Nov 2023US$331.2bUS$158.9bUS$10.4b16.4x31.9x2.1x
Mon, 23 Oct 2023US$309.2bUS$158.6bUS$10.5b15x29.4x2x
Wed, 20 Sep 2023US$292.5bUS$156.9bUS$10.6b13.5x27.7x1.9x
Fri, 18 Aug 2023US$316.8bUS$156.3bUS$10.4b14.6x30.4x2x
Sun, 16 Jul 2023US$322.6bUS$156.7bUS$10.7b13.4x30x2.1x
Tue, 13 Jun 2023US$314.3bUS$155.6bUS$11.2b12x28.1x2x
Thu, 11 May 2023US$341.8bUS$155.2bUS$11.5b11.7x29.8x2.2x
Sat, 08 Apr 2023US$338.3bUS$160.7bUS$10.9b12.3x31.1x2.1x
Price to Earnings Ratio

31.1x


Total Market Cap: US$338.3bTotal Earnings: US$10.9bTotal Revenue: US$160.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Luxury Industry Price to Earnings3Y Average 28.6x202420252026
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 28.6x.
  • 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 11% 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-0.61%
Consumer Discretionary-1.38%
Luxury-1.94%
Apparel, Accessories and Luxury Goods-1.45%
Footwear-2.44%
Textiles-3.83%
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 31.0x.
    • Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings decline of 16.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 129% 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
PVH PVHUS$69.766.0%
+US$180.5m		-8.7%PE9.4x
CROX CrocsUS$83.023.8%
+US$152.2m		-23.9%PS1x
OXM Oxford IndustriesUS$38.5113.9%
+US$70.3m		-35.1%PS0.4x
ZGN Ermenegildo ZegnaUS$10.421.9%
+US$51.0m		41.4%PE24.5x
CRI Carter'sUS$35.762.9%
+US$36.8m		-12.9%PE14.5x

Latest News

ZGN
US$10.42
Ermenegildo Zegna
7D
1.9%
1Y
41.4%
NKE
US$52.82
NIKE
7D
-1.3%
1Y
-18.4%

NKE: Product Reset And China Recovery Will Support Future Margin Resilience

Analysts have nudged the NIKE price target slightly lower, trimming fair value by about $1.45 to reflect a modestly reduced future P/E assumption, while still incorporating expectations of steady revenue and profit margins. Analyst Commentary Bullish Takeaways Bullish analysts point to progress in inventory management, operational resets, and efforts to support brand health and margin stabilization as key supports for the current valuation framework.
SHOO
US$33.92
Steven Madden
7D
1.3%
1Y
23.7%

SHOO: Soft 2026 Outlook And Private Label Pressure Will Test Thesis

Analysts have reduced the price target on Steven Madden to $38 from $42, citing revised expectations for softer revenue growth, lower profit margins, and a higher assumed P/E multiple in light of recent research highlighting cautious private label trends and expectations for "soft" 2026 guidance. Analyst Commentary Recent Street research reflects a more cautious tone around Steven Madden, with several bearish analysts trimming price targets and tempering expectations ahead of upcoming earnings and longer term guidance.
OXM
US$38.51
Oxford Industries
7D
13.9%
1Y
-35.1%
GIII
US$27.70
G-III Apparel Group
7D
2.7%
1Y
0.8%

Fair Value of $40 for G-III Apparel Group Anticipated Over 5 Years

Investment Thesis The PVH license roll-off (~$470M of lower-margin revenue exiting by FY2028) is a known, finite, manageable headwind; the owned-brand revenue replacing it (DKNY, Karl Lagerfeld, Donna Karan) carries structurally higher gross margins, potentially driving margin expansion even on lower absolute revenues. Owned brands grew from 41% of net sales in FY2023 to 52% in FY2025, with DKNY at $675M and Karl Lagerfeld at $580M — both showing accelerating momentum as standalone global brands.
ONON
US$34.02
On Holding
7D
-14.1%
1Y
-20.3%
LULU
US$153.10
lululemon athletica
7D
-4.9%
1Y
-45.2%
CRI
US$35.76
Carter's
7D
2.9%
1Y
-12.9%

CRI: Capsule Launch And Guidance Will Support Fairly Valued Shares Despite Risks

Analysts now set their price target for Carter's at $37.00. This level is aligned with prior estimates and reflects updated assumptions for the discount rate and future P/E, while keeping revenue growth and profit margin views unchanged.
AS
US$32.92
Amer Sports
7D
-0.5%
1Y
22.8%

AS: Future Upside Will Depend On 2026 EPS And Follow On Offering

Analysts have kept their Amer Sports fair value estimate steady at $48.96, with only slight tweaks to the underlying discount rate, revenue growth, profit margin, and future P/E assumptions that fine tune rather than overhaul their prior price target view. What's in the News Amer Sports completed a follow-on equity offering of ordinary shares, raising about $750.0m through 20,604,396 common shares at a price of $36.40 per share, with a discount of $1.092 per share (Key Developments).
RL
US$343.99
Ralph Lauren
7D
0.1%
1Y
50.3%

RL: Raised Fair Value Will Reflect Durable Margins And Sector Support Through 2026

The analyst price target for Ralph Lauren has increased to $477 from $473, with analysts pointing to recent upgrades and price target raises across firms that cite confidence in the brand's growth durability and sector setup. Analyst Commentary Recent Street research on Ralph Lauren has reflected a cluster of bullish calls, with several firms lifting price targets and issuing positive views on the brand and its position within specialty retail.
DECK
US$100.09
Deckers Outdoor
7D
-1.3%
1Y
-11.7%

DECK: Raised Guidance And Core Brand Strength Will Support Future Returns

Analysts have nudged their price targets on Deckers Outdoor higher, citing stronger sales trends at UGG and HOKA, as well as increased confidence in management guidance. Analyst Commentary Recent Street research around Deckers Outdoor shows a cluster of upbeat views, with several bullish analysts lifting price targets and issuing upgrades following stronger trends in UGG and HOKA and management raising guidance.
CROX
US$83.02
Crocs
7D
3.8%
1Y
-23.9%

CROX: Inventory Reset And DTC Focus Will Drive Future Rebound

Analysts have modestly lifted the fair value estimate for Crocs to $130, reflecting updated views on revenue growth, profit margins, and the stock's P/E outlook in light of recent rating changes and price target revisions across the Street. Analyst Commentary Recent Street research around Crocs has been mixed, but there are several clear pockets of optimism that help frame the updated fair value view.
VFC
US$16.99
V.F
7D
-1.8%
1Y
5.5%

VFC: Vans Brand Repair In 2026 Will Reframe Risk Reward

The analyst price target for V.F. has been revised higher from $25.00 to $31.42. Analysts point to updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E, even as some remain cautious about the pace of Vans brand recovery.
TPR
US$141.11
Tapestry
7D
-2.0%
1Y
93.6%

TPR: Higher Handbag Demand And Buybacks Will Support Richer Future P E Multiple

The analyst fair value estimate for Tapestry has been updated from $155.00 to $190.00, reflecting a series of recent price target increases and supportive research from multiple firms that highlight adjusted expectations for growth, margins, and valuation. Analyst Commentary Recent research shows a cluster of bullish analysts lifting price targets on Tapestry, with some major firms also reaffirming positive ratings.
PVH
US$69.76
PVH
7D
6.0%
1Y
-8.7%

PVH: Self Help And AI Adoption Will Drive Future Re Rating

Narrative Update on PVH Analysts have reduced their PVH Corp. price target to $120 from $148, citing ongoing self help initiatives that support slightly higher modeled revenue growth, profit margins, and a marginally lower future P/E assumption.
BIRK
US$35.83
Birkenstock Holding
7D
-1.8%
1Y
-22.6%