4 models fit Buckle Inc. (The) Common Stock and they partly agree: 2 of 4 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze48
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionBuckle Inc. (The) Common Stock (BKE)
Fair value (4 models)
$53.39
ACCE price target
$47.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 21 Oct 2026, 12:04 CEST; previously $54.99 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 12:04 CEST.
Price used: $46.54 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
12.8% below
+14.7% to fair value
ACCE score
56
out of 100
Analysts
0% buy
2 covering
P/E
10.9x
forward 13.7x
1-year return
-16.8%
Dividend yield
3.04%
Buckle Inc. (The) Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Buckle sells branded denim, casual apparel and footwear through roughly 450 mall-based and outlet stores across the US, selling mostly its own labels such as Levi's, BKE and Wrangler-adjacent denim lines bought from third-party suppliers. The model's edge is a high gross margin of 58.9% paired with a balance sheet that returns cash, which has produced a 45.8% return on equity and an operating margin of 17.4%. Revenue growth of 4.6% is modest, so the case rests on margin durability and cash returns rather than expansion. At 10.7 times trailing earnings and 13.7 times forward, the stock trades at a discount to the broader apparel group, though a score of 56 and no index membership suggest the market does not yet see a catalyst. The question for a PM is whether mall traffic and the denim cycle can hold these margins through the next year.