4 models fit Acushnet Holdings Corp. Common Stock and they partly agree: 2 of 4 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionAcushnet Holdings Corp. Common Stock (GOLF)
Fair value (4 models)
$48.41
ACCE price target
$83.00
Rating
Overvalued
Horizon
12 months
Fair value published on 18 Oct 2026, 15:05 CEST; previously $65.00 since 14 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 15:05 CEST.
Price used: $81.31 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
68.0% above
-40.5% to fair value
ACCE score
60
out of 100
Analysts
0% buy
8 covering
P/E
22.3x
forward 20.0x
1-year return
+0.0%
Dividend yield
1.23%
Acushnet Holdings Corp. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Acushnet makes Titleist golf balls, clubs and golf gear, and Titleist is the ball most tour professionals play, which gives the brand a pricing and distribution edge that smaller rivals struggle to match. The company's moat rests on that premium franchise plus a direct relationship with golf shops and a growing e-commerce and custom-fitting presence. Revenue growth of 13.8% and a 47.5% gross margin, with a 16.1% operating margin, suggest demand and pricing are both holding up after the post-pandemic normalization. At a 20.0x forward P/E against a 25.2% ROE, the stock is priced for steady execution rather than a rerating, so the question for a deeper look is whether margins can keep expanding as volumes settle. The name is outside any major index, which may keep coverage thin and the valuation less crowded than its fundamentals warrant.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Heavy short interest
Short interest stands at 13.0% of float. That is a sizeable bet against the stock, and a sharp move in either direction could be amplified by covering.
moderate
Stretched valuation versus models
The stock trades 68.0% above the model fair value of $48.41. The valuation case rests on the earnings recovery continuing.
moderate
Leveraged balance sheet
Debt/Equity of 1.37 is elevated for a consumer discretionary name. Free cash flow of $120M gives some cushion, but a slowdown in golf demand would tighten it.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 13.8% year over year, well ahead of its 9.7% average annual pace over five years.
Analysts' mean price target of $98.50 sits 21.8% above the current share price.
The diluted share count fell 6.0% last fiscal year, lifting each shareholder's slice of the business.
Why it could disappoint
The stock trades 68.0% above the model fair value of $48.41, and no bullish analyst rating appears among the eight covering the stock.
At a trailing P/E of 22.0x and a 2.0% free cash flow yield, the price asks a lot from future cash generation.
Debt equals 1.37 times equity, and return on invested capital of 8.3% is modest for a business carrying that load.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where GOLF's valuation models land
Price
$81.31
Model fair value
$48.41
Model range
$30.84 to $75.25
Fair value $48.41
Price $81.31
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
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