Nordstrom, Inc.

DB:NRD Stock Report

Market Cap: €3.6b

Nordstrom Valuation

Is NRD 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 NRD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NRD (€21.42) is trading below our estimate of fair value (€69.27)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NRD. This is calculated by dividing NRD's market cap by their current earnings.
What is NRD's PE Ratio?
PE Ratio12.9x
EarningsUS$284.00m
Market CapUS$3.76b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NRD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average52.1x
ECK LUDWIG BECK am Rathauseck - Textilhaus Feldmeier
124.6xn/a€65.8m
FIE Fielmann Group
24.2x18.9%€3.4b
ZAL Zalando
34.6x22.0%€7.1b
HBM HORNBACH Baumarkt
25xn/a€1.9b
NRD Nordstrom
12.9x19.2%€3.8b

Price-To-Earnings vs Peers: NRD is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (52.1x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NRD 12.9xIndustry Avg. 19.6xNo. of Companies21PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NRD is good value based on its Price-To-Earnings Ratio (12.9x) compared to the Global Multiline Retail industry average (19.6x).

Price to Earnings Ratio vs Fair Ratio

What is NRD'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.

NRD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio15.6x

Price-To-Earnings vs Fair Ratio: NRD is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).

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 NRD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€20.50
€19.98
-2.5%
23.5%€34.67€11.71n/a15
Oct ’25€20.01
€19.98
-0.1%
23.5%€34.67€11.71n/a15
Sep ’25€19.70
€19.66
-0.2%
24.3%€34.64€11.70n/a15
Aug ’25€20.97
€18.72
-10.7%
27.6%€35.60€11.10n/a15
Jul ’25€19.59
€18.34
-6.4%
27.8%€35.32€11.01n/a15
Jun ’25€18.30
€18.42
+0.7%
27.8%€35.49€11.06n/a15
May ’25€18.00
€18.31
+1.7%
30.0%€36.17€11.27n/a16
Apr ’25€18.26
€17.83
-2.3%
31.6%€35.84€11.17n/a16
Mar ’25€19.26
€16.54
-14.1%
34.8%€36.88€11.06n/a16
Feb ’25€16.68
€15.85
-5.0%
36.4%€36.76€11.03n/a16
Jan ’25€16.94
€15.73
-7.1%
35.4%€36.50€10.95n/a17
Dec ’24€14.20
€15.73
+10.8%
35.4%€36.50€10.95n/a17
Nov ’24€13.12
€17.98
+37.0%
33.0%€37.85€10.41€20.5016
Oct ’24€13.58
€18.51
+36.3%
31.6%€37.85€10.41€20.0116
Sep ’24€14.86
€18.03
+21.3%
31.1%€36.74€10.10€19.7016
Aug ’24€20.90
€18.15
-13.1%
31.1%€37.36€11.21€20.9716
Jul ’24€18.40
€18.15
-1.3%
31.1%€37.36€11.21€19.5916
Jun ’24€15.10
€18.01
+19.3%
31.4%€37.18€11.15€18.3016
May ’24€13.84
€18.21
+31.6%
30.4%€36.88€11.06€18.0016
Apr ’24€14.21
€18.21
+28.1%
30.4%€36.88€11.06€18.2616
Mar ’24€18.22
€18.38
+0.9%
29.9%€37.92€11.37€19.2618
Feb ’24€17.62
€17.27
-1.9%
30.8%€36.88€11.06€16.6819
Jan ’24€14.89
€20.83
+39.9%
29.6%€39.96€11.42€16.9418
Dec ’23€19.88
€21.24
+6.8%
28.7%€40.34€11.52€14.2018
Nov ’23€20.42
€22.68
+11.1%
28.5%€42.76€12.22€13.1218

Analyst Forecast: Target price is lower than the current share price.

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