$AS (Amer Sports) reported results for the quarter ended May 19, 2026. EPS came in at $0.38, up from $0.27 in the same period a year earlier — a 40.7% year-over-year increase. Revenue grew 32.1% over the same stretch. Both figures represent meaningful acceleration for a consumer cyclical brand that owns Arc'teryx, Salomon, and Wilson.
The ACCE score sits at 61/100. The score breakdown tells a specific story: Growth scores a standout 92, Quality lands at 71, Value comes in at 50, and Momentum trails at 31. The growth and quality readings align with what the income statement is showing — rapid top-line expansion paired with a net margin of 6.5% and an ROE of 7.9%. FCF yield is 2.6%, and the company carries a strong earnings quality rating.
The trailing P/E is 41.2, with a forward P/E of 25.2 — a meaningful compression if the earnings trajectory holds. The analyst consensus target is $49.90 against a current price of $32.63.
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What it means
The growth numbers are hard to argue with. A 32.1% revenue gain and a 40.7% EPS jump in a single quarter put $AS among the faster-growing names in consumer cyclicals right now. The Growth score of 92 reflects exactly that.
The tension sits in the valuation. ACCE's 6-model fair value estimate comes out at $17.48 — 46.4% below the current price of $32.63. That gap is wide, and it explains the Value score of 50. The market is pricing in continued strong execution; the model composite is more skeptical.
The Momentum score of 31 is worth noting alongside a 1-year return of -15.7%. Despite strong fundamentals, the stock has lost ground over the past year. That divergence between operating performance and price action is something to watch.
We don't have guidance commentary from management to layer on top of these results, so the forward P/E of 25.2 is doing a lot of work on its own as a signal of where the street expects earnings to go.
For the current price and full data on $AS, visit acceinvestments.com/stocks/AS.
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