Consumer Staples · Personal Care Products · US stock · price as of 16 Oct 2026
Key indicators
Price
$104.54
52-week range
$65.74 – $120.38
Market cap
$38.1B
P/E (trailing)
209.4×
EV / EBITDA
26.6×
Free-cash-flow yield
3.5%
Dividend yield
1.3%
Revenue (last 12 months)
$15.0B
Revenue growth (3y a year)
−1.8%
Operating margin
5.2%
Return on invested capital
5.7%
Net debt / EBITDA
3.6×
Fair value
Blended fair value$27.34 range $21 – $27
Versus priceOvervalued−74% to fair value
Peer multiples
$28.78
Fundamentals-adjusted multiple
$25.90
10-year DCF (market-scaled)
$3.96
Earnings power value (floor, not blended)
$8.22
Model uncertainty
Medium
X-Ray Score
33/ 100 · High confidence · ahead of 3% of sector peers
Valuation11
Growth40
Profitability47
Financial health38
Dividends27
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Prestige beauty is the focus of Estee Lauder Companies, which makes and markets products in skin care, makeup, fragrance and hair care. Its brands include Estee Lauder, Clinique, MAC, La Mer, Aveda and Jo Malone London. Products reach consumers through department stores, specialty beauty shops, travel retail locations, the company's own stores and websites. The business is managed by product category and by geographic region, with the Americas, Europe and Asia as the main areas.
Revenue of $15.0 billion over the last twelve months comes from supplying premium beauty products through retail partners and the company's own channels. Revenue has changed at -1.8% a year across the last three years. The operating margin is 5.2%, the business earns 6% on the capital invested in it, and net debt is 3.6 times EBITDA. The dividend yield is 1.3%.
StocksXray gives Estee Lauder Companies Inc an X-Ray Score of 33 out of 100 (high confidence), ahead of 3% of the S&P 500 stocks in its sector. Its strongest lens is profitability (47) and its weakest is valuation (11).
Our fair value blend is $27.34 (range $21.21 to $27.34). At $104.54 the stock trades 282% above that blend, so the label is "Overvalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Estee Lauder Companies Inc (EL)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$237.26
$185.08
$102.23
$79.36
$78.68
$104.54
Market cap
$86.6B
$66.8B
$36.9B
$28.6B
$28.7B
$38.1B
P/E
36.2×
66.3×
94.7×
–
157.4×
209.4×
EV / revenue
5.0×
4.5×
2.6×
2.3×
2.2×
2.8×
EV / EBITDA
22.6×
31.9×
23.0×
749.4×
20.6×
26.6×
Price / free cash flow
43.3×
91.8×
25.6×
42.7×
21.8×
29.0×
Free-cash-flow yield
2.3%
1.1%
3.9%
2.3%
4.6%
3.5%
Price / book
15.5×
12.0×
6.9×
7.4×
7.5×
10.0×
Dividend yield
0.98%
1.39%
2.58%
2.15%
1.78%
1.34%
Fundamentals checklist ● 4 Good · ● 4 Average · ● 8 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−8.1%Good
Free-cash-flow yield3.5%Bad
Risk models
Altman Z score2.8×Average
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)−43.6%Bad
Free-cash-flow growth (3y)21.8%Good
Revenue growth (3y)−1.8%Bad
Growth consistency60%Average
Balance sheet
Current ratio1.2×Good
Net debt / EBITDA3.6×Bad
Interest cover2.3×Bad
Valuation
Fair value vs price0.3×Bad
EBIT / EV yield1.8%Bad
Profitability
Return on invested capital5.7%Bad
Operating margin5.2%Average
Gross profitability57.5%Good
XStocksXray
Estee Lauder Companies Inc (EL)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
17,737
15,910
15,608
14,326
15,049
15,049
Gross profit
13,432
11,346
11,184
10,597
11,362
11,362
Operating income
3,170
1,509
970
-785
780
780
Net income
2,408
1,010
409
-1,133
182
182
Diluted EPS ($)
6.55
2.79
1.08
-3.15
0.50
0.50
Free cash flow
2,000
728
1,441
670
1,316
1,316
Gross margin
75.7%
71.3%
71.7%
74.0%
75.5%
75.5%
Operating margin
17.9%
9.5%
6.2%
−5.5%
5.2%
5.2%
Net margin
13.6%
6.3%
2.6%
−7.9%
1.2%
1.2%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
20,910
23,415
21,677
19,892
19,762
19,762
Cash
3,957
4,029
3,395
2,921
3,498
3,498
Total debt
5,412
9,114
7,771
7,317
7,306
7,306
Equity
5,590
5,585
5,314
3,865
3,806
3,806
Dividend per share ($)
2.33
2.58
2.64
1.71
1.40
1.40
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.