4 models fit Movado Group Inc. Common Stock and they disagree: 1 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)Silver68
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionMovado Group Inc. Common Stock (MOV)
Fair value (4 models)
$20.13
ACCE price target
$35.00
Rating
Overvalued
Horizon
12 months
Fair value published on 20 Oct 2026, 16:04 CEST; previously $19.68 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 18 Oct 2026, 01:52 CEST; previously $34.00 since 1 Oct 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $31.46 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
56.3% above
-36.0% to fair value
ACCE score
72
out of 100
Analysts
100% buy
2 covering
P/E
17.8x
forward 21.4x
1-year return
+66.5%
Dividend yield
4.47%
Movado Group Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Movado Group designs and sells watches under its own Movado brand and under licences including Tommy Hilfiger, Coach and Hugo Boss. The licence portfolio spreads risk across price points. The driver is steady demand for mid-priced watches and better distribution. Revenue grew 4.9% with a 56.1% gross margin and an 8.8% operating margin, at 18.0x trailing and 21.4x forward earnings.
⚠ Investor warnings · 2 flagsAI-assisted·How I use AI
moderate
Earnings rebound from depressed base
YoY earnings +308% suggests recovery from a trough rather than organic acceleration. 5-year revenue CAGR of -3.7% indicates structural headwinds in the luxury watch market.
moderate
Score decline and quality softness
ACCE score fell 2 points to 72 in 90 days. Quality component at 64 is the weakest pillar, suggesting operational or cash generation concerns beneath headline earnings.
AI research notes
AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-07-31 · prices to Oct 23, 2026
Why it could do well
Recent earnings beat 50.3% and return to growth at 4.9% year-over-year suggest operational momentum and market share gains.
Free cash flow yield of 7.7% combined with a 5.0% dividend yield offers attractive cash returns to shareholders.
Conservative balance sheet with 0.13 debt to equity and flat share count provides financial flexibility and capital efficiency.
Why it could disappoint
Consensus fair value of $20.45 is 35.2% below the current $31.57 share price across all 4 valuation models.
Five-year revenue decline of 3.7% annually shows structural headwinds that a single quarter cannot reverse.
Return on invested capital of 4.1% lags the 5.2% risk-free rate, meaning capital is not earning its cost.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 24, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
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Valuation
INVESTOR
Where MOV's valuation models land
Price
$31.46
Model fair value
$20.13
Model range
$12.74 to $25.51
Fair value $20.13
Price $31.46
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores