2 models fit PVH Corp. Common Stock and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
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Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionPVH Corp. Common Stock (PVH)
Fair value (2 models)
$67.98
ACCE price target
$94.00
Rating
Overvalued
Horizon
12 months
Fair value published on 20 Oct 2026, 16:04 CEST; previously $65.52 since 16 Oct 2026, 00:00 CEST.
ACCE price target published on 18 Oct 2026, 01:52 CEST; previously $90.00 since 28 Sept 2026, 00:00 CEST.
Rating published on 20 Oct 2026, 16:04 CEST.
Price used: $84.98 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow 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
25.0% above
-20.0% to fair value
ACCE score
45
out of 100
Analysts
46% buy
13 covering
P/E
0.0x
forward 6.3x
1-year return
-1.9%
Dividend yield
0.18%
PVH Corp. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
PVH owns the Calvin Klein and Tommy Hilfiger brands, selling apparel, underwear and accessories through wholesale, its own stores and online, with a large international footprint. Two globally recognised brands give it pricing power and licensing income. The driver is margin repair through inventory discipline and brand investment. Revenue fell 3.2% and the operating margin is 5.3%, while the forward multiple of 6.3x leaves expectations low.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Earnings collapse and negative margins
Earnings down 96.2% YoY; net margin -1.9% and ROE -3.5%. Company is unprofitable despite positive operating margin, signalling cash burn or one-time charges.
high
Revenue decline with stalled growth
Revenue down 3.2% YoY; 5-year CAGR -0.3%. Recent QoQ bounce (+3.6%) insufficient to offset structural contraction in core business.
high
ACCE score collapse
Score fell 15 points in 90 days (59 to 44). Quality and Momentum subcomponents particularly weak (39 and 47), indicating deteriorating fundamentals.
moderate
Elevated short interest
Short interest at 13.9% with negative earnings and revenue trends. Suggests market scepticism about turnaround prospects.
AI research notes
AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-08-31 · prices to Oct 23, 2026
Why it could do well
Stock trades at 6.5x forward earnings with a 14.1% free cash flow yield, suggesting deep undervaluation.
Company generated $530M in free cash flow over the last twelve months despite current profitability challenges.
Latest earnings beat expectations by 20.3%, and 46% of analysts rate the stock Buy or Strong Buy with 11.7% upside to target.
Why it could disappoint
Revenue declined 3.2% year over year with a negative net margin of -1.9%, signaling operational distress.
Return on equity of -3.5% and return on invested capital of 0.3% show the business is destroying shareholder value.
Forward valuation of 6.5x assumes earnings recovery that has not yet materialized in trailing results, creating downside risk.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Dec 2, 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
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Where PVH's valuation models land
Price
$84.98
Model fair value
$67.98
Model range
$35.24 to $95.26
Fair value $67.98
Price $84.98
The price sits inside the 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
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