Kohl's Corporation

DB:KHP Stock Report

Market Cap: €1.8b

Kohl's Valuation

Is KHP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KHP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KHP (€17.07) is trading below our estimate of fair value (€90.39)

Significantly Below Fair Value: KHP is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KHP?

Key metric: As KHP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KHP. This is calculated by dividing KHP's market cap by their current earnings.
What is KHP's PE Ratio?
PE Ratio6.7x
EarningsUS$284.00m
Market CapUS$1.89b

Price to Earnings Ratio vs Peers

How does KHP's PE Ratio compare to its peers?

The above table shows the PE ratio for KHP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41x
ECK LUDWIG BECK am Rathauseck - Textilhaus Feldmeier
120.4xn/a€63.9m
HBM HORNBACH Baumarkt
24.8xn/a€1.8b
CEC Ceconomy
11.1x22.4%€1.5b
HBH HORNBACH Holding KGaA
7.7x6.8%€1.3b
KHP Kohl's
6.7x6.5%€1.9b

Price-To-Earnings vs Peers: KHP is good value based on its Price-To-Earnings Ratio (6.7x) compared to the peer average (41x).

Price to Earnings Ratio vs Industry

How does KHP's PE Ratio compare vs other companies in the Global Multiline Retail Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KHP 6.7xIndustry Avg. 19.8xNo. of Companies20PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KHP is good value based on its Price-To-Earnings Ratio (6.7x) compared to the Global Multiline Retail industry average (19.8x).

Price to Earnings Ratio vs Fair Ratio

What is KHP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KHP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.7x
Fair PE Ratio12.9x

Price-To-Earnings vs Fair Ratio: KHP is good value based on its Price-To-Earnings Ratio (6.7x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KHP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.07
€20.12
+17.9%
38.1%€45.30€12.74n/a14
Nov ’25€16.80
€19.77
+17.7%
35.9%€43.34€12.19n/a14
Oct ’25€18.43
€19.77
+7.2%
35.9%€43.34€12.19n/a14
Sep ’25€17.88
€19.77
+10.6%
35.9%€43.34€12.19n/a14
Aug ’25€19.97
€21.14
+5.8%
33.8%€44.04€12.39n/a14
Jul ’25€21.28
€21.14
-0.7%
33.8%€44.04€12.39n/a14
Jun ’25€20.39
€21.37
+4.8%
35.6%€46.09€12.44n/a14
May ’25€22.40
€25.08
+12.0%
31.6%€46.61€13.98n/a15
Apr ’25€26.77
€25.17
-6.0%
31.1%€46.55€13.97n/a15
Mar ’25€25.67
€24.14
-6.0%
33.6%€46.42€13.92n/a14
Feb ’25€23.86
€23.83
-0.1%
33.7%€45.95€13.78n/a14
Jan ’25€26.38
€24.08
-8.7%
32.3%€46.31€13.89n/a15
Dec ’24€21.41
€23.88
+11.5%
32.3%€45.93€13.78n/a15
Nov ’24€21.21
€25.69
+21.1%
31.9%€47.21€14.16€16.8014
Oct ’24€19.72
€26.83
+36.1%
30.2%€47.31€14.19€18.4314
Sep ’24€24.46
€26.31
+7.6%
29.1%€45.93€14.70€17.8814
Aug ’24€25.80
€25.27
-2.0%
37.3%€45.68€14.62€19.9715
Jul ’24€21.44
€25.27
+17.9%
37.3%€45.68€14.62€21.2815
Jun ’24€17.05
€25.36
+48.8%
38.0%€46.61€14.92€20.3915
May ’24€19.60
€27.47
+40.2%
31.5%€45.58€14.58€22.4015
Apr ’24€21.28
€27.84
+30.9%
31.4%€46.10€14.75€26.7715
Mar ’24€27.24
€29.02
+6.5%
30.4%€50.65€16.88€25.6716
Feb ’24€29.41
€27.65
-6.0%
26.7%€49.16€16.39€23.8616
Jan ’24€23.55
€30.48
+29.4%
26.5%€52.31€18.41€26.3815
Dec ’23€30.37
€30.48
+0.4%
26.5%€52.31€18.41€21.4115
Nov ’23€30.11
€32.66
+8.5%
26.6%€54.66€19.23€21.2115

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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