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U.S. Luxury Industry Analysis

UpdatedFeb 09, 2026
DataAggregated Company Financials
Companies67
  • 7D3.4%
  • 3M12.8%
  • 1Y-9.8%
  • YTD0.3%

Over the last 7 days, the Luxury industry has risen 3.4%, driven by gains from Tapestry of 20%. In the past year, the industry is down 9.8%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 09 Feb 2026US$275.1bUS$154.3bUS$7.9b20.9x34.7x1.8x
Wed, 07 Jan 2026US$274.8bUS$149.5bUS$9.1b20.6x30.4x1.8x
Fri, 05 Dec 2025US$269.8bUS$149.2bUS$9.5b21x28.3x1.8x
Sun, 02 Nov 2025US$250.0bUS$148.2bUS$9.6b19.5x26.1x1.7x
Tue, 30 Sep 2025US$267.5bUS$147.9bUS$9.9b20.9x26.9x1.8x
Thu, 28 Aug 2025US$297.0bUS$157.2bUS$10.6b20.4x28x1.9x
Sat, 26 Jul 2025US$295.9bUS$160.4bUS$10.4b17.6x28.6x1.8x
Mon, 23 Jun 2025US$262.9bUS$161.4bUS$11.6b15.2x22.8x1.6x
Wed, 21 May 2025US$288.1bUS$161.8bUS$11.7b17.7x24.7x1.8x
Fri, 18 Apr 2025US$230.1bUS$161.7bUS$11.4b15.1x20.2x1.4x
Sun, 16 Mar 2025US$283.4bUS$162.1bUS$11.6b16.6x24.5x1.7x
Tue, 11 Feb 2025US$319.7bUS$161.5bUS$11.1b18.1x28.8x2x
Thu, 09 Jan 2025US$329.8bUS$160.6bUS$11.5b18.4x28.8x2.1x
Sat, 07 Dec 2024US$330.7bUS$161.8bUS$11.8b19.5x28.1x2x
Mon, 04 Nov 2024US$301.3bUS$161.8bUS$11.6b18x25.9x1.9x
Wed, 02 Oct 2024US$321.7bUS$163.0bUS$11.1b19.9x28.9x2x
Fri, 30 Aug 2024US$304.4bUS$162.7bUS$11.1b18x27.3x1.9x
Sun, 28 Jul 2024US$282.6bUS$168.6bUS$11.3b17.7x24.9x1.7x
Tue, 25 Jun 2024US$337.6bUS$168.1bUS$10.8b19.1x31.2x2x
Thu, 23 May 2024US$318.8bUS$163.8bUS$11.5b19.5x27.6x1.9x
Sat, 20 Apr 2024US$314.0bUS$164.4bUS$11.5b17.5x27.2x1.9x
Mon, 18 Mar 2024US$348.2bUS$164.4bUS$11.1b17.7x31.5x2.1x
Wed, 14 Feb 2024US$347.8bUS$158.9bUS$10.4b18.7x33.5x2.2x
Fri, 12 Jan 2024US$342.5bUS$159.4bUS$11.0b18x31x2.1x
Sun, 10 Dec 2023US$358.6bUS$159.2bUS$10.8b16.9x33.3x2.3x
Tue, 07 Nov 2023US$321.0bUS$159.0bUS$10.3b15x31x2x
Thu, 05 Oct 2023US$289.6bUS$157.0bUS$10.5b13.5x27.5x1.8x
Sat, 02 Sep 2023US$311.9bUS$156.7bUS$10.5b14.2x29.7x2x
Mon, 31 Jul 2023US$324.2bUS$156.9bUS$10.9b14.2x29.8x2.1x
Wed, 28 Jun 2023US$325.7bUS$155.6bUS$11.2b12.2x29.1x2.1x
Fri, 26 May 2023US$307.9bUS$155.1bUS$11.2b11.4x27.6x2x
Sun, 23 Apr 2023US$353.8bUS$160.8bUS$10.7b12.3x33.1x2.2x
Tue, 21 Mar 2023US$329.5bUS$158.0bUS$11.3b11.4x29.2x2.1x
Thu, 16 Feb 2023US$354.0bUS$157.9bUS$12.1b11.7x29.4x2.2x
Price to Earnings Ratio

29.4x


Total Market Cap: US$354.0bTotal Earnings: US$12.1bTotal Revenue: US$157.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Luxury Industry Price to Earnings3Y Average 28.3x202420252026
Current Industry PE
  • Investors are optimistic on the American Luxury industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.7x which is higher than its 3-year average PE of 28.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
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-0.071%
Consumer Discretionary-4.15%
Luxury3.36%
Apparel, Accessories and Luxury Goods5.75%
Textiles2.03%
Footwear1.21%
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 30.3x.
    • Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings decline of 17.7% 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 18% 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
TPR TapestryUS$152.1019.8%
+US$4.8b		89.2%PE59x
NKE NIKEUS$63.922.8%
+US$2.6b		-9.9%PE37.5x
UAA Under ArmourUS$7.5622.5%
+US$604.3m		3.8%PS0.6x
ZGN Ermenegildo ZegnaUS$10.3919.6%
+US$432.0m		18.6%PE23.5x
COLM Columbia SportswearUS$63.0714.0%
+US$417.1m		-19.1%PE19.2x

Latest News

ZGN
US$10.39
Ermenegildo Zegna
7D
19.6%
1Y
18.6%

ZGN: Leadership Succession And Mixed Rating Shifts Will Support Future Upside

Analysts have made a small trim to their fair value estimate for Ermenegildo Zegna to about $11.55 from roughly $11.58, reflecting updated assumptions on discount rates, modestly higher revenue growth and profit margin expectations, and a slightly higher future P/E multiple. Analyst Commentary Recent Street research on Ermenegildo Zegna has been mixed, with one upgrade and one downgrade in quick succession.
TPR
US$152.10
Tapestry
7D
19.8%
1Y
89.2%

Tapestry, Inc. Just Beat EPS By 21%: Here's What Analysts Think Will Happen Next

Feb 08
Tapestry, Inc. Just Beat EPS By 21%: Here's What Analysts Think Will Happen Next
DECK
US$115.45
Deckers Outdoor
7D
-0.7%
1Y
-28.6%

DECK: Expanded Discounting Will Pressure Margins And Future Wholesale Relationships

Analysts have lifted their Deckers Outdoor fair value estimate from $81.00 to $90.00, reflecting a tighter P/E assumption and a slightly higher profit margin outlook that align with a recent wave of Street price target increases across multiple firms. Analyst Commentary Recent price target moves on Deckers Outdoor have leaned positive overall, but there is a clear pocket of skepticism that is worth your attention if you are weighing risk versus reward at current levels.
RL
US$342.89
Ralph Lauren
7D
-3.8%
1Y
27.7%

RL: Margin Expansion And Brand Elevation Will Support Higher Future Earnings Power

Our fair value estimate for Ralph Lauren has risen by about $34 to roughly $404, as analysts adjust their price targets higher in response to updated sector views, revised discount rates, and refreshed assumptions for growth, margins, and future P/E multiples. Analyst Commentary Recent research updates show a cluster of higher price targets for Ralph Lauren, with several firms refreshing their models and assumptions.
COLM
US$63.07
Columbia Sportswear
7D
14.0%
1Y
-19.1%

COLM: Higher Margins And Conservative P/E Will Set Up Sentiment Rebound

Analysts have lifted their price targets on Columbia Sportswear by a mid single digit dollar amount, citing updated assumptions for revenue growth in the low single digits, slightly higher profit margins near 6% to 7%, and a lower future P/E multiple. Analyst Commentary Bullish analysts are nudging their price targets higher by mid single digit dollar amounts, reflecting updated views on Columbia Sportswear's ability to deliver low single digit revenue growth and maintain profit margins in the 6% to 7% range, while still being valued on a lower future P/E multiple.
UAA
US$7.56
Under Armour
7D
22.5%
1Y
3.8%

UAA: Future Margin Recovery Will Depend On Executing Profitability Initiatives

Narrative Update on Under Armour Analysts have raised their price target range for Under Armour, with one move highlighted by a shift from about US$5.87 to roughly US$6.51, citing updated views on discount rates, revenue growth, profit margins and a lower assumed future P/E multiple. Analyst Commentary Recent research updates on Under Armour cluster around modestly higher price targets and refreshed views on how the company might execute on its plan and be valued by the market.
AS
US$37.51
Amer Sports
7D
-1.2%
1Y
22.5%
SHOO
US$35.71
Steven Madden
7D
-21.8%
1Y
-5.4%
ONON
US$43.47
On Holding
7D
-5.4%
1Y
-22.0%

ONON: Beat And Raise Momentum Will Support Future Margin Expansion

Analysts now peg their fair value target for On Holding at about US$62.48, a small move from roughly US$62.32, as they balance recent target hikes tied to strong Q3 execution and margin views with more cautious calls that flag slower wholesale growth, higher direct to consumer costs, and a modest reset to future P/E assumptions. Analyst Commentary Street research on On Holding over the past few months shows a split tape, with several firms lifting price targets after what they describe as strong Q3 execution and a higher margin outlook, while others trim targets or ratings as they reassess wholesale growth and spending on direct to consumer.
CPRI
US$20.18
Capri Holdings
7D
-12.8%
1Y
-8.2%

CPRI: Trend Right Styles And 2026 Earnings Guidance Will Support Repricing

Analysts have nudged their fair value estimate for Capri Holdings higher to about $27.13, reflecting a slightly lower implied discount rate and modestly less severe revenue contraction expectations, even as Street price targets have been mixed with several cuts and a few upgrades. Analyst Commentary Street research on Capri Holdings has been mixed, with several firms trimming price targets while others have upgraded their ratings or nudged targets higher.
VFC
US$20.34
V.F
7D
-0.8%
1Y
-14.1%

VFC: Inventory Discipline And 2026 Outlook Will Reframe Risk Reward Profile

Analysts have nudged their price targets on V.F. higher, and this is reflected in our fair value estimate moving from $30.70 to $31.44, citing updated assumptions for revenue growth, profit margins and future P/E multiples. Analyst Commentary Street research on V.F. has leaned constructive, with a cluster of price target increases from multiple firms over a short period.
LULU
US$172.85
lululemon athletica
7D
-3.5%
1Y
-56.8%

LULU: Proxy Fight And Leadership Turnover Will Shape Turnaround Outlook

Analysts have lifted their price targets for lululemon athletica, reflected in our fair value estimate moving from about US$190 to about US$208, as they factor in Street research that highlights higher long term revenue growth assumptions, a slightly richer future P/E multiple, and mixed views on leadership changes and demand trends. Analyst Commentary Street research on lululemon athletica currently reflects a split view, with several bullish analysts raising price targets while more cautious voices focus on leadership turnover and North American demand trends.
NKE
US$63.92
NIKE
7D
2.8%
1Y
-9.9%

NKE: Margin Pressures And Cost Cuts Will Restrain Upside Potential

Analysts have trimmed their price targets on NIKE, with the updated fair value estimate moving from about US$46.17 to US$42.94 as they factor in a higher discount rate, slightly lower profit margin assumptions, and a higher future P/E multiple, alongside recent target cuts from several research firms. Analyst Commentary Recent Street research has tilted more cautious on NIKE, with several bearish analysts trimming price targets and one downgrade to Hold.
LEVI
US$20.55
Levi Strauss
7D
3.4%
1Y
11.4%

LEVI: Higher UBS Price Objective Will Support Richer Future Earnings Multiple

Analysts have raised their fair value estimate for Levi Strauss from US$14.00 to US$23.00, citing updated assumptions for revenue growth, margins and future P/E, along with recent Street research that includes a higher US$33 price target from UBS. Analyst Commentary The move in the fair value estimate to US$23 sits below the recent US$33 price target cited in Street research, which highlights a gap between more optimistic expectations and a more tempered view on execution and valuation risk.
KTB
US$67.03
Kontoor Brands
7D
9.4%
1Y
-20.5%

KTB: Future Returns Will Depend On Resolving Ongoing Lee Brand Challenges

Analysts nudged their fair value estimate for Kontoor Brands up from $49.00 to $50.00, reflecting updated views around sector level price target resets, mixed brand level execution across Wrangler and Lee, and evolving expectations for earnings resilience and cash flow. Analyst Commentary Recent Street research on Kontoor Brands has been mixed, with some bearish analysts trimming price targets and stressing execution risks across the portfolio.
BIRK
US$38.45
Birkenstock Holding
7D
3.5%
1Y
-31.9%