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U.S. Luxury Industry Analysis

UpdatedSep 21, 2026
DataAggregated Company Financials
Companies67
  • 7D-2.1%
  • 3M-17.4%
  • 1Y-28.6%
  • YTD-28.4%

Over the last 7 days, the Luxury industry has dropped 2.1%, driven by NIKE declining 2.6%. On the other hand Crocs is actually up 11%. Overall the industry is down 29% in 12 months. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Sep 2026US$194.7bUS$157.9bUS$11.4b16.6x17.1x1.2x
Thu, 20 Aug 2026US$222.5bUS$158.0bUS$11.7b17.4x18.9x1.4x
Sat, 18 Jul 2026US$245.3bUS$156.6bUS$9.6b21.8x25.5x1.6x
Mon, 15 Jun 2026US$247.7bUS$156.7bUS$8.7b24.4x28.4x1.6x
Wed, 13 May 2026US$227.9bUS$156.5bUS$7.3b20.9x31.3x1.5x
Fri, 10 Apr 2026US$241.0bUS$155.8bUS$7.0b20.1x34.3x1.5x
Sun, 08 Mar 2026US$257.4bUS$155.5bUS$7.8b20x33x1.7x
Tue, 03 Feb 2026US$264.3bUS$149.5bUS$9.2b18.8x28.7x1.8x
Thu, 01 Jan 2026US$268.8bUS$149.5bUS$9.1b19.5x29.7x1.8x
Sat, 29 Nov 2025US$266.4bUS$152.7bUS$10.1b20x26.5x1.7x
Mon, 27 Oct 2025US$265.7bUS$148.3bUS$9.7b19.7x27.3x1.8x
Wed, 24 Sep 2025US$273.4bUS$148.0bUS$9.9b21.2x27.5x1.8x
Fri, 22 Aug 2025US$286.4bUS$157.1bUS$10.5b19.4x27.2x1.8x
Sun, 20 Jul 2025US$291.5bUS$160.2bUS$10.3b15.8x28.2x1.8x
Tue, 17 Jun 2025US$262.5bUS$161.5bUS$11.6b15.8x22.7x1.6x
Thu, 15 May 2025US$286.3bUS$161.0bUS$11.5b18.1x24.9x1.8x
Sat, 12 Apr 2025US$235.3bUS$161.7bUS$11.4b13.6x20.7x1.5x
Mon, 10 Mar 2025US$303.5bUS$162.2bUS$11.6b17.2x26.3x1.9x
Wed, 05 Feb 2025US$335.9bUS$161.1bUS$11.8b17.9x28.4x2.1x
Fri, 03 Jan 2025US$330.4bUS$160.6bUS$11.5b18.5x28.8x2.1x
Sun, 01 Dec 2024US$327.0bUS$163.1bUS$11.4b19.3x28.7x2x
Tue, 29 Oct 2024US$304.5bUS$162.0bUS$10.8b18.4x28.1x1.9x
Thu, 26 Sep 2024US$314.7bUS$163.0bUS$11.1b18.9x28.3x1.9x
Sat, 24 Aug 2024US$304.4bUS$162.9bUS$11.1b18.3x27.5x1.9x
Mon, 22 Jul 2024US$285.3bUS$168.4bUS$11.3b17.5x25.2x1.7x
Wed, 19 Jun 2024US$336.4bUS$168.2bUS$10.8b18.8x31.1x2x
Fri, 17 May 2024US$318.9bUS$164.0bUS$11.7b20.1x27.3x1.9x
Sun, 14 Apr 2024US$311.3bUS$164.4bUS$11.5b17.6x27x1.9x
Tue, 12 Mar 2024US$350.0bUS$164.5bUS$10.8b17.6x32.4x2.1x
Thu, 08 Feb 2024US$339.4bUS$159.0bUS$10.5b17.9x32.5x2.1x
Sat, 06 Jan 2024US$337.9bUS$159.4bUS$11.0b17.5x30.6x2.1x
Mon, 04 Dec 2023US$352.1bUS$158.9bUS$10.7b17x32.8x2.2x
Wed, 01 Nov 2023US$309.9bUS$158.8bUS$10.3b13.9x30x2x
Fri, 29 Sep 2023US$280.7bUS$156.8bUS$10.6b13.2x26.6x1.8x
Price to Earnings Ratio

26.6x


Total Market Cap: US$280.7bTotal Earnings: US$10.6bTotal Revenue: US$156.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Luxury Industry Price to Earnings3Y Average 28.1x202420252026
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 17.1x which is lower than its 3-year average PE of 28.1x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Luxury industry have grown 2.5% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

US Market-0.10%
Consumer Discretionary-1.65%
Luxury-2.10%
Textiles-1.27%
Apparel, Accessories and Luxury Goods-1.78%
Footwear-2.48%
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 31.5x.
    • Analysts are expecting annual earnings growth of 12.9%, which is lower than the prior year's growth of 31.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Textiles industry, expecting annual earnings growth of 120% over the next 5 years.
  • In contrast, the Footwear industry is expected to see its earnings grow by 9.7% 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
CROX CrocsUS$123.6910.9%
+US$584.9m		60.3%PE10x
ZGN Ermenegildo ZegnaUS$12.426.8%
+US$212.4m		31.6%PE37x
BIRK Birkenstock HoldingUS$31.342.2%
+US$121.0m		-32.8%PE14.5x
LULU lululemon athleticaUS$101.301.0%
+US$110.7m		-41.6%PE7.9x
FOSL Fossil GroupUS$5.8617.9%
+US$50.4m		97.3%PS0.3x

Latest News

TPR
US$113.07
Tapestry
7D
-4.1%
1Y
-0.7%
Seeking Alpha • 8h

Tapestry: I Am Holding Because Of Coach And Not Buying Because Of Kate Spade

Summary Tapestry demonstrates resilient revenue performance across geographies, with Coach contributing to stable topline growth, while Kate Spade remains a drag. TPR's valuation remains attractive relative to peers, supported by solid returns to shareholders, but insider activity remains concerning. Management outlook remains optimistic amid fluctuating U.S. consumer confidence, emphasizing disciplined capital allocation and brand strength. I reiterate my hold rating. Read the full article on Seeking Alpha
LULU
US$101.30
lululemon athletica
7D
1.0%
1Y
-41.6%
AS
US$27.45
Amer Sports
7D
-0.4%
1Y
-22.2%
NKE
US$36.10
NIKE
7D
-2.6%
1Y
-49.4%
KTB
US$66.41
Kontoor Brands
7D
-1.5%
1Y
-16.2%
Seeking Alpha • Sep 18

Kontoor Brands: Brand Concentration Risk

Summary Kontoor Brands is rated HOLD due to a premium valuation along with lower forward growth rates compared to key peers. Expanding Helly Hansen in the US and workwear markets is the primary growth driver, targeting a $440 million revenue opportunity and significant market share gains. 2Q26 results were mixed: EPS beat expectations, revenue missed, but gross margin rose 710 bps to 53.8% on operational efficiencies and full-price sales. Read the full article on Seeking Alpha
VNCE
US$9.13
Vince Holding
7D
19.3%
1Y
165.4%
Narrative Update • Sep 17

VNCE: Index Additions And Raised Earnings Outlook Will Support Future Upside

Analysts lifted their price target on Vince Holding to $11 from $9, citing recent Q2 results as support for a higher fair value estimate and revised assumptions on growth and profitability. What’s in the News for Vince Holding Vince Holding issued new earnings guidance for the third quarter of fiscal 2026 and expects net sales to be approximately 5% to 8% higher than the prior year period.
FOSL
US$5.86
Fossil Group
7D
17.9%
1Y
97.3%
Narrative Update • Sep 17

FOSL: Turnaround Execution And Margin Expansion Will Support Future Rerating

Analysts have lifted their price target on Fossil Group from $8 to $12, citing updated assumptions for revenue growth, profit margins, and future P/E that reflect growing confidence in the company’s turnaround efforts. Analyst Commentary on Fossil Group Recent research commentary around Fossil Group highlights a more constructive tone, with bullish analysts pointing to turnaround progress and updated valuation assumptions as key reasons for their optimism.
SHOO
US$42.83
Steven Madden
7D
1.2%
1Y
29.2%
Narrative Update • Sep 17

SHOO: New Fashion Footwear Cycle Will Drive Future Earnings Power

Analysts have nudged their fair value estimate for Steven Madden higher from $49.64 to $52.40, citing fresh research that points to a new fashion footwear cycle, benefits from the Kurt Geiger acquisition, and updated EPS and P/E assumptions behind recent price target moves, including the new $60 target. Analyst Commentary Bullish and cautious views on Steven Madden are emerging as new research ties the stock to a potential new fashion footwear cycle and updated earnings assumptions through the medium term.
BIRK
US$31.34
Birkenstock Holding
7D
2.2%
1Y
-32.8%
Narrative Update • Sep 17

BIRK: Brand Momentum And Buybacks Will Support Future Upside Potential

Birkenstock Holding's updated analyst price target has edged lower by about $3, reflecting a blend of reduced fair value assumptions and a higher discount rate. Analysts also highlight resilient brand momentum, solid profitability, and mixed views on growth visibility across key markets.
RL
US$339.82
Ralph Lauren
7D
-0.5%
1Y
10.5%
VRA
US$4.15
Vera Bradley
7D
36.5%
1Y
95.8%
CROX
US$123.69
Crocs
7D
10.9%
1Y
60.3%
FIGS
US$13.13
FIGS
7D
-6.1%
1Y
91.1%
ZGN
US$12.42
Ermenegildo Zegna
7D
6.8%
1Y
31.6%
Seeking Alpha • Sep 06

Ermenegildo Zegna: Core Margin Expansion And Better FCF Support A Buy (Rating Upgrade)

Summary Core Zegna profitability is strengthening, with higher DTC productivity and operating leverage supporting further margin expansion without relying on aggressive store growth. Tom Ford Fashion is improving, while Thom Browne remains weak; importantly, our upgrade does not require a full recovery from either brand. Cash generation has improved materially, with stronger operating cash flow and positive FCF strengthening the quality of the earnings recovery. Valuation now looks more compelling after the share-price decline, supported by higher 2026 EBIT expectations and additional upside from potential 2027 margin normalization. Read the full article on Seeking Alpha
LEVI
US$19.82
Levi Strauss
7D
-2.0%
1Y
-13.4%
UAA
US$4.77
Under Armour
7D
-5.2%
1Y
-0.2%