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U.S. Luxury Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies67
  • 7D-3.5%
  • 3M1.5%
  • 1Y-13.6%
  • YTD-13.2%

Over the last 7 days, the Luxury industry has dropped 3.5%, driven by a pullback from NIKE of 9.8%. Meanwhile, lululemon athletica actually outperformed within the industry, gaining 5.2% in the last week. The industry has fallen 14% 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
Sat, 27 Jun 2026US$234.7bUS$156.6bUS$8.7b22.1x26.9x1.5x
Mon, 25 May 2026US$239.1bUS$157.6bUS$7.4b22.1x32.3x1.5x
Wed, 22 Apr 2026US$256.6bUS$155.8bUS$7.1b20x36.3x1.6x
Fri, 20 Mar 2026US$246.4bUS$155.4bUS$7.6b19x32.5x1.6x
Sun, 15 Feb 2026US$279.6bUS$154.3bUS$7.7b21.2x36.3x1.8x
Tue, 13 Jan 2026US$280.1bUS$149.5bUS$9.1b21.1x30.9x1.9x
Thu, 11 Dec 2025US$267.8bUS$149.2bUS$9.5b21.2x28.2x1.8x
Sat, 08 Nov 2025US$241.7bUS$152.4bUS$9.9b18.4x24.4x1.6x
Mon, 06 Oct 2025US$274.0bUS$148.1bUS$9.6b21.3x28.5x1.9x
Wed, 03 Sep 2025US$296.8bUS$157.2bUS$10.6b21x27.9x1.9x
Fri, 01 Aug 2025US$296.6bUS$160.2bUS$10.3b18.3x28.9x1.9x
Sun, 29 Jun 2025US$286.0bUS$160.1bUS$10.3b16x27.9x1.8x
Tue, 27 May 2025US$277.4bUS$161.4bUS$12.0b16.4x23.2x1.7x
Thu, 24 Apr 2025US$241.6bUS$161.3bUS$11.5b15.2x21.1x1.5x
Sat, 22 Mar 2025US$286.5bUS$160.9bUS$11.2b16.6x25.6x1.8x
Mon, 17 Feb 2025US$322.5bUS$161.6bUS$11.2b18.2x28.7x2x
Wed, 15 Jan 2025US$326.8bUS$160.6bUS$11.5b18.1x28.5x2x
Fri, 13 Dec 2024US$339.1bUS$161.7bUS$11.7b19.5x28.9x2.1x
Sun, 10 Nov 2024US$305.4bUS$161.4bUS$11.7b19x26.2x1.9x
Tue, 08 Oct 2024US$313.7bUS$161.6bUS$10.7b19.1x29.2x1.9x
Thu, 05 Sep 2024US$298.6bUS$163.0bUS$11.2b17.7x26.7x1.8x
Sat, 03 Aug 2024US$283.6bUS$168.8bUS$11.4b16x25x1.7x
Mon, 01 Jul 2024US$296.3bUS$168.0bUS$11.3b17.8x26.2x1.8x
Wed, 29 May 2024US$326.6bUS$168.2bUS$11.2b18.6x29.2x1.9x
Fri, 26 Apr 2024US$314.7bUS$164.4bUS$11.5b18.4x27.3x1.9x
Sun, 24 Mar 2024US$332.9bUS$164.8bUS$11.5b17.5x28.8x2x
Tue, 20 Feb 2024US$350.9bUS$164.6bUS$10.5b18.9x33.5x2.1x
Thu, 18 Jan 2024US$333.0bUS$159.3bUS$11.0b17.9x30.2x2.1x
Sat, 16 Dec 2023US$372.7bUS$159.3bUS$10.8b17.4x34.6x2.3x
Mon, 13 Nov 2023US$319.4bUS$158.6bUS$10.4b15.8x30.7x2x
Wed, 11 Oct 2023US$290.5bUS$157.0bUS$10.4b14.3x28x1.9x
Fri, 08 Sep 2023US$301.3bUS$156.7bUS$10.5b13.8x28.7x1.9x
Sun, 06 Aug 2023US$324.4bUS$156.6bUS$10.8b16.2x30x2.1x
Tue, 04 Jul 2023US$323.8bUS$156.7bUS$10.8b13.6x30x2.1x
Price to Earnings Ratio

30x


Total Market Cap: US$323.8bTotal Earnings: US$10.8bTotal Revenue: US$156.7bTotal 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 1.5x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have declined 6.9% 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-2.65%
Consumer Discretionary-2.94%
Luxury-3.52%
Textiles7.72%
Apparel, Accessories and Luxury Goods-0.34%
Footwear-7.14%
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 16.6%, 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 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
LULU lululemon athleticaUS$117.575.2%
+US$658.6m		-50.0%PE9.1x
TPR TapestryUS$146.001.7%
+US$505.1m		67.6%PE44.5x
LEVI Levi StraussUS$24.543.5%
+US$323.1m		32.4%PE17.5x
KTB Kontoor BrandsUS$83.296.5%
+US$283.0m		26.6%PE16.5x
CROX CrocsUS$127.762.2%
+US$134.7m		24.0%PS1.6x

Latest News

NKE
US$40.75
NIKE
7D
-9.8%
1Y
-43.4%
Seeking Alpha • 3h

Nike: A Better Business Than A Better Stock

Summary Nike is attempting a turnaround by refocusing on athletes, product innovation, and wholesale relationships after losing market share to performance-driven competitors. Management's renewed priorities are sensible, but financial evidence is mixed: gross margins have stabilized, yet inventory levels remain elevated and market share recovery is unproven. NKE trades at approximately 18x forward EV/EBITDA, higher than peers, suggesting the market already prices in a successful turnaround despite ongoing execution risks. I rate NKE shares Hold, as the turnaround is in early stages and valuation leaves little room for disappointment if recovery falters. Read the full article on Seeking Alpha
ZGN
US$13.15
Ermenegildo Zegna
7D
-5.2%
1Y
53.8%
CROX
US$127.76
Crocs
7D
2.2%
1Y
24.0%
BIRK
US$44.42
Birkenstock Holding
7D
-3.7%
1Y
-10.2%
Narrative Update • Jun 26

BIRK: Future Profitability Pressures Will Challenge Confidence After $250M Buyback

The analyst fair value estimate for Birkenstock Holding has been revised from about $45.35 to about $40.18, as recent Street price target changes and updated models reflect a mix of slightly lower long term profitability assumptions and ongoing confidence in demand and capital returns, such as the $250M accelerated share repurchase. Analyst Commentary Recent Street research on Birkenstock Holding reflects a mixed backdrop, with several bearish analysts trimming price targets after the latest Q2 results while still acknowledging ongoing demand drivers and the recently announced US$250M accelerated share repurchase.
LULU
US$117.57
lululemon athletica
7D
5.2%
1Y
-50.0%
LEVI
US$24.54
Levi Strauss
7D
3.5%
1Y
32.4%
FIGS
US$11.60
FIGS
7D
-5.8%
1Y
96.9%
Narrative Update • Jun 24

FIGS: Execution And 2026 Outlook Are Expected To Sustain Upside Potential

Analysts raised their price target on FIGS by a few dollars into the low to mid $20s, citing steadier growth and profitability assumptions. These revisions leave the stock trading on a slightly lower implied future P/E multiple, even though fair value estimates remain essentially unchanged.
AS
US$34.17
Amer Sports
7D
-7.2%
1Y
-13.2%
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.
KTB
US$83.29
Kontoor Brands
7D
6.5%
1Y
26.6%
Narrative Update • Jun 24

KTB: Portfolio Shift Toward Function Brands Will Support Future Repricing

Kontoor Brands' analyst price target has been adjusted to $90, with analysts pointing to a portfolio that they expect to support faster sales growth into fiscal 2027 and beyond for Wrangler and Helly Hansen as the key reason for the change. Analyst Commentary Recent research coverage on Kontoor Brands points to growing interest in how the Wrangler and Helly Hansen portfolio could support future sales growth, with several bullish analysts revisiting their views and price targets.
PVH
US$74.38
PVH
7D
-3.5%
1Y
13.1%
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.
ONON
US$37.07
On Holding
7D
-4.7%
1Y
-29.4%
Seeking Alpha • Jun 22

On Holding: Relentless Innovation Warrants A Strong Buy

Summary On Holding is transitioning from a pure running brand to a luxury lifestyle brand, expanding its TAM and reinforcing premium pricing power. ONON's moat is driven by innovation—LightSpray and SURREAL Superfoam technologies—enabling margin expansion and brand differentiation, with Q1 2026 gross margin reaching 64%. Q1 2026 results showed 26% YoY revenue growth and operating margin expansion to 14.1%, with management prioritizing premium brand value over volume. I assign a 'Strong Buy' rating, targeting $75.60–$97.20 (95–150% upside), supported by robust growth, innovation, and premium valuation relative to peers. Read the full article on Seeking Alpha
UAA
US$6.30
Under Armour
7D
4.0%
1Y
-8.6%
Analysis Article • Jun 20

Under Armour (UAA) Stock Could Be 21.6% Undervalued After Portland Office Reshuffle

Under Armour (UAA) is reshaping its footprint, closing its current Portland, Oregon, office while shifting some functions to Baltimore, New York, and a new Portland space in a move focused on key business hubs. See our latest analysis for Under Armour. The latest office changes come as Under Armour’s recent share price performance has been mixed, with a 1 month share price return of 13.91% and year to date share price return of 14.56%. Over the same period, the 1 year total shareholder return...
DECK
US$104.56
Deckers Outdoor
7D
-4.2%
1Y
0.3%
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...
CRI
US$43.35
Carter's
7D
1.9%
1Y
44.3%
Narrative Update • Jun 18

CRI: Earnings Beat And New CEO Will Shape Steady Fair Value

Analysts have raised their price target for Carter's stock by $2.00 to $42.67, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News for Carter's Carter's reported first quarter revenue up 8.1% year over year, beating analyst expectations by 3.2%, and also exceeded EPS estimates, with the stock rising 28.3% after the release, according to recent earnings coverage.
TPR
US$146.00
Tapestry
7D
1.7%
1Y
67.6%
Narrative Update • Jun 16

TPR: International Expansion And AI Adoption Will Support Higher Future P/E Multiple

For Tapestry, the analyst price target has been adjusted from $200 to $205, with analysts pointing to slightly higher margin expectations and a modestly higher future P/E assumption as key drivers of the change. Analyst Commentary Recent research highlights a constructive tone around Tapestry, with several bullish analysts adjusting their outlooks and price targets in response to company updates and meetings with management.
MOV
US$39.58
Movado Group
7D
2.9%
1Y
155.9%