FIGS, Inc.

NYSE:FIGS Stock Report

Market Cap: US$801.5m

FIGS Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: FIGS ($4.72) is trading above our estimate of fair value ($1.89)

Significantly Below Fair Value: FIGS is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FIGS. This is calculated by dividing FIGS's market cap by their current earnings.
What is FIGS's PE Ratio?
PE Ratio74x
EarningsUS$10.84m
Market CapUS$801.50m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FIGS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.7x
OXM Oxford Industries
41.1x38.0%US$1.2b
GIII G-III Apparel Group
7.1x-1.4%US$1.3b
MOV Movado Group
12.1x45.8%US$436.0m
ZGN Ermenegildo Zegna
18.5x11.8%US$1.9b
FIGS FIGS
74x36.3%US$801.5m

Price-To-Earnings vs Peers: FIGS is expensive based on its Price-To-Earnings Ratio (74x) compared to the peer average (19.7x).

Price to Earnings Ratio vs Industry

How does FIGS's PE Ratio compare vs other companies in the US Luxury Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
JXJT JX Luxventure
2.4xn/aUS$7.28m
DLAP.Q Delta Apparel
n/an/aUS$7.00
No more companies available in this PE range
FIGS 74.0xIndustry Avg. 18.5xNo. of Companies6PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FIGS is expensive based on its Price-To-Earnings Ratio (74x) compared to the US Luxury industry average (18.5x).

Price to Earnings Ratio vs Fair Ratio

What is FIGS'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.

FIGS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio74x
Fair PE Ratio25.2x

Price-To-Earnings vs Fair Ratio: FIGS is expensive based on its Price-To-Earnings Ratio (74x) compared to the estimated Fair Price-To-Earnings Ratio (25.2x).

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 FIGS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.72
US$5.75
+21.8%
22.2%US$8.00US$4.00n/a8
Nov ’25US$6.25
US$6.00
-4.0%
20.1%US$8.00US$4.50n/a8
Oct ’25US$6.75
US$6.00
-11.1%
20.1%US$8.00US$4.50n/a8
Sep ’25US$6.17
US$6.00
-2.8%
20.1%US$8.00US$4.50n/a8
Aug ’25US$6.45
US$5.69
-11.8%
20.7%US$8.00US$4.25n/a8
Jul ’25US$5.63
US$5.69
+1.0%
20.7%US$8.00US$4.25n/a8
Jun ’25US$5.30
US$5.69
+7.3%
20.7%US$8.00US$4.25n/a8
May ’25US$5.07
US$6.25
+23.3%
27.7%US$9.00US$4.25n/a9
Apr ’25US$4.85
US$6.76
+39.4%
24.5%US$9.00US$4.85n/a9
Mar ’25US$5.19
US$7.19
+38.4%
28.1%US$11.00US$4.85n/a10
Feb ’25US$5.89
US$8.53
+44.7%
20.0%US$11.00US$6.00n/a10
Jan ’25US$6.95
US$8.63
+24.1%
18.3%US$11.00US$6.75n/a10
Dec ’24US$7.50
US$8.63
+15.0%
18.3%US$11.00US$6.75n/a10
Nov ’24US$5.29
US$8.63
+63.0%
18.3%US$11.00US$6.75US$6.2510
Oct ’24US$5.90
US$8.73
+47.9%
17.2%US$11.00US$6.75US$6.7510
Sep ’24US$6.22
US$8.93
+43.5%
17.1%US$11.00US$6.75US$6.1710
Aug ’24US$7.18
US$8.45
+17.6%
22.3%US$11.00US$5.00US$6.4510
Jul ’24US$8.27
US$8.50
+2.7%
21.2%US$11.00US$5.00US$5.6311
Jun ’24US$8.19
US$8.31
+1.5%
20.9%US$11.00US$5.00US$5.3011
May ’24US$7.25
US$8.63
+19.0%
20.0%US$11.00US$6.00US$5.0710
Apr ’24US$6.19
US$8.73
+41.0%
19.6%US$11.00US$6.00US$4.8510
Mar ’24US$6.76
US$9.30
+37.5%
21.3%US$12.00US$6.00US$5.1911
Feb ’24US$9.53
US$9.32
-2.2%
24.7%US$12.00US$5.50US$5.8911
Jan ’24US$6.73
US$8.68
+29.0%
27.6%US$12.00US$5.50US$6.9511
Dec ’23US$7.87
US$8.68
+10.3%
27.6%US$12.00US$5.50US$7.5011
Nov ’23US$7.13
US$13.86
+94.4%
32.3%US$22.00US$7.50US$5.2911

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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