Victoria's Secret & Co.

NYSE:VSCO Stock Report

Market Cap: US$2.9b

Victoria's Secret Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: VSCO ($36.68) is trading above our estimate of fair value ($27.42)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for VSCO. This is calculated by dividing VSCO's market cap by their current earnings.
What is VSCO's PE Ratio?
PE Ratio20.9x
EarningsUS$138.00m
Market CapUS$2.88b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for VSCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.6x
BKE Buckle
11.6x1.3%US$2.4b
AEO American Eagle Outfitters
14.3x20.4%US$3.5b
RVLV Revolve Group
57.2x23.3%US$2.3b
URBN Urban Outfitters
11.4x5.9%US$3.5b
VSCO Victoria's Secret
20.9x7.6%US$2.9b

Price-To-Earnings vs Peers: VSCO is good value based on its Price-To-Earnings Ratio (20.9x) compared to the peer average (23.6x).

Price to Earnings Ratio vs Industry

How does VSCO's PE Ratio compare vs other companies in the US Specialty Retail Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TKLF Tokyo Lifestyle
1.5xn/aUS$11.23m
SSOK Sunstock
1.8xn/aUS$771.79k
MASN Maison Luxe
0.08xn/aUS$144.03k
EXPR.Q Express
0.00006xn/aUS$11.24k
VSCO 20.9xIndustry Avg. 15.8xNo. of Companies11PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VSCO is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the US Specialty Retail industry average (15.8x).

Price to Earnings Ratio vs Fair Ratio

What is VSCO'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.

VSCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.9x
Fair PE Ratio17.2x

Price-To-Earnings vs Fair Ratio: VSCO is expensive based on its Price-To-Earnings Ratio (20.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.2x).

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 VSCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$36.68
US$26.45
-27.9%
26.6%US$40.00US$13.00n/a12
Nov ’25US$31.51
US$24.95
-20.8%
22.7%US$33.00US$13.00n/a12
Oct ’25US$25.13
US$23.88
-5.0%
21.1%US$30.00US$13.00n/a13
Sep ’25US$23.46
US$23.73
+1.1%
21.3%US$30.00US$13.00n/a13
Aug ’25US$16.77
US$19.42
+15.8%
24.3%US$27.00US$13.00n/a12
Jul ’25US$16.03
US$19.42
+21.1%
24.3%US$27.00US$13.00n/a12
Jun ’25US$22.79
US$18.83
-17.4%
24.4%US$27.00US$13.00n/a12
May ’25US$17.47
US$18.92
+8.3%
24.6%US$27.00US$13.00n/a12
Apr ’25US$18.53
US$19.36
+4.5%
23.8%US$27.00US$13.00n/a11
Mar ’25US$28.44
US$27.18
-4.4%
20.0%US$35.00US$15.00n/a11
Feb ’25US$26.67
US$26.36
-1.1%
18.1%US$35.00US$15.00n/a11
Jan ’25US$26.54
US$26.09
-1.7%
18.2%US$35.00US$15.00n/a11
Dec ’24US$28.53
US$24.91
-12.7%
22.3%US$35.00US$15.00n/a11
Nov ’24US$17.58
US$19.20
+9.2%
17.6%US$25.00US$15.00US$31.5110
Oct ’24US$16.68
US$20.40
+22.3%
14.1%US$25.00US$15.00US$25.1310
Sep ’24US$19.81
US$20.40
+3.0%
14.1%US$25.00US$15.00US$23.4610
Aug ’24US$19.82
US$22.90
+15.5%
22.5%US$34.00US$16.00US$16.7710
Jul ’24US$17.43
US$23.00
+32.0%
22.2%US$34.00US$16.00US$16.0310
Jun ’24US$18.64
US$28.40
+52.4%
32.0%US$45.00US$20.00US$22.7910
May ’24US$30.00
US$43.90
+46.3%
18.7%US$55.00US$27.00US$17.4710
Apr ’24US$34.15
US$43.90
+28.6%
18.7%US$55.00US$27.00US$18.5310
Mar ’24US$38.55
US$47.64
+23.6%
17.0%US$60.00US$27.00US$28.4411
Feb ’24US$45.84
US$47.00
+2.5%
17.3%US$60.00US$27.00US$26.6711
Jan ’24US$35.78
US$49.55
+38.5%
10.7%US$60.00US$43.00US$26.5411
Dec ’23US$43.11
US$48.27
+12.0%
14.4%US$60.00US$35.00US$28.5311
Nov ’23US$38.80
US$44.91
+15.7%
13.9%US$55.00US$35.00US$17.5811

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

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