Consumer Discretionary · Apparel, Accessories & Luxury Goods · US stock · price as of 16 Oct 2026
Key indicators
Price
$385.50
52-week range
$303.33 – $419.38
Market cap
$23.6B
P/E (trailing)
24.3×
EV / EBITDA
15.4×
Free-cash-flow yield
5.6%
Dividend yield
1.0%
Revenue (last 12 months)
$8.4B
Revenue growth (3y a year)
8.0%
Operating margin
14.9%
Return on invested capital
48.9%
Net debt / EBITDA
-0.5×
Fair value
Blended fair value$396.88 range $354 – $417
Versus priceFair+3% to fair value
Peer multiples
$221.71
Fundamentals-adjusted multiple
$340.05
10-year DCF (market-scaled)
$628.90
Earnings power value (floor, not blended)
$173.20
Model uncertainty
High
X-Ray Score
61/ 100 · Medium confidence · ahead of 85% of sector peers
Valuation35
Growth79
Profitability65
Financial health83
Dividends29
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Ralph Lauren designs, markets and distributes premium lifestyle products, including apparel, footwear, accessories, home furnishings, fragrances and hospitality. Its brands include Polo Ralph Lauren, Lauren Ralph Lauren and Purple Label. Products are sold through its own stores and websites, department stores and specialty retailers, and through licensing partners. Revenue comes from consumer purchases around the world and from licensing royalties.
Revenue over the last twelve months was $8.4 billion, with growth of 8.0% a year over three years. The operating margin stands at 14.9%. The return on invested capital is shown as 49%. Net debt to EBITDA is -0.5 times, which means the company holds more cash than debt. Shareholders receive a dividend yielding 1.0%.
StocksXray gives Ralph Lauren Corp an X-Ray Score of 61 out of 100 (medium confidence), ahead of 85% of the S&P 500 stocks in its sector. Its strongest lens is financial health (83) and its weakest is dividends (29).
Our fair value blend is $396.88 (range $354.13 to $417.18). At $385.50 the stock trades 3% below that blend, so the label is "Fair" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Ralph Lauren Corp (RL)
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
$102.82
$110.43
$181.66
$212.06
$326.09
$385.50
Market cap
$7.6B
$7.6B
$12.1B
$13.6B
$20.3B
$23.6B
P/E
12.7×
14.6×
18.7×
18.3×
21.6×
24.3×
EV / revenue
1.1×
1.1×
1.7×
1.8×
2.4×
2.7×
EV / EBITDA
6.5×
7.8×
11.6×
11.0×
13.8×
15.4×
Price / free cash flow
13.9×
39.4×
13.3×
13.3×
17.6×
17.9×
Free-cash-flow yield
7.2%
2.5%
7.5%
7.5%
5.7%
5.6%
Price / book
3.0×
3.1×
4.9×
5.2×
7.1×
8.7×
Dividend yield
2.67%
2.72%
1.65%
1.56%
1.12%
0.99%
Fundamentals checklist ● 8 Good · ● 5 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−4.4%Average
Risk models
Altman Z score7.0×Good
Piotroski F-Score9 of 9Good
Growth
EPS growth (3y)25.9%Good
Revenue growth (3y)8.0%Average
Growth consistency100%Good
Balance sheet
Current ratio2.0×Good
Net debt / EBITDA-0.5×Good
Interest cover22.4×Average
Valuation
Fair value vs price1.0×Bad
EBIT / EV yield5.4%Average
Profitability
Return on invested capital48.9%Good
Operating margin14.9%Average
Gross profitability76.7%Good
XStocksXray
Ralph Lauren Corp (RL)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
6,219
6,444
6,631
7,079
8,115
8,355
Gross profit
4,148
4,166
4,432
4,853
5,669
5,871
Operating income
798
704
756
932
1,179
1,248
Net income
600
523
646
743
941
983
Diluted EPS ($)
8.07
7.58
9.71
11.61
15.11
15.84
Free cash flow
549
194
905
1,019
1,154
1,317
Gross margin
66.7%
64.7%
66.8%
68.6%
69.9%
70.3%
Operating margin
12.8%
10.9%
11.4%
13.2%
14.5%
14.9%
Net margin
9.7%
8.1%
9.7%
10.5%
11.6%
11.8%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
7,725
6,790
6,603
7,047
7,740
7,659
Cash
1,864
1,529
1,662
1,923
1,988
1,719
Total debt
1,636
1,139
1,141
1,143
1,239
1,239
Equity
2,536
2,431
2,450
2,589
2,841
2,722
Dividend per share ($)
2.75
3.00
3.00
3.30
3.65
3.74
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.