Tandy Leather Factory sells leather, tools, and kits for hand-crafting, mainly through its own retail stores and an e-commerce site, with a wholesale arm supplying other retailers. Its edge is the niche itself: a 59.5% gross margin is high for specialty retail, and it reflects a loyal hobbyist customer and a catalog that lets the company sell its own branded supplies. The problem is that the business has barely grown, with revenue up only 1.5%, and operating margin of 3.0% leaves little room for a turnaround to show up in earnings. Return on equity is negative at -3.2%, and the company's market capitalisation of about $19 million makes it a micro-cap with thin liquidity and no index membership, which limits the institutional demand that often re-rates a stock. The forward P/E of 11.7 is the number to test: it implies the market expects earnings to recover from the trailing picture, and our composite score of 40/100 says the evidence for that recovery is not yet strong enough to justify a deeper look without a clear margin or sales inflection.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 24 Oct 2026, 17:04 CEST | Fair value | $4.41 | $3.99 | $2.28 |
| 24 Oct 2026, 17:04 CEST | Rating | Undervalued | first publication | $2.28 |
| 17 Oct 2026, 00:00 CEST | Fair value | $3.99 | $2.25 | $2.38 |
| 15 Oct 2026, 00:00 CEST | ACCE price target | $2.00 | first publication | $2.34 |
| 8 Oct 2026, 00:00 CEST | Fair value | $2.25 | $2.17 | $2.53 |
| 5 Oct 2026, 00:00 CEST | Fair value | $2.17 | $2.23 | $2.45 |
| 1 Oct 2026, 00:00 CEST | Fair value | $2.23 | $2.33 | $2.52 |
| 28 Sept 2026, 00:00 CEST | Fair value | $2.33 | $2.30 | $2.63 |
| 23 Sept 2026, 00:00 CEST | Fair value | $2.30 | $2.38 | $2.60 |
| 18 Sept 2026, 00:00 CEST | Fair value | $2.38 | $2.33 | $2.65 |
Answered from Tandy Leather Factory Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| TLF Tandy Leather Factory Inc. Common Stock | $2.28 | $4 | 48% below | - | -3.2% | 44 | 38 |
| PET.TO Pet Valu Holdings Ltd. | C$19.85 | C$30 | 33% below | 13.8x | 133.3% | 64 | 60 |
| NEWA-B.ST New Wave Group AB (publ) | kr 99.65 | kr 81 | 24% above | 16.5x | 11.8% | 63 | 62 |
| SVV Savers Value Village Inc. Common Stock | $9.37 | $5 | 84% above | 62.5x | 5.7% | 42 | 51 |
| FAST.AS Fastned B.V. | €33.30 | - | - | - | -27.0% | 34 | 49 |
| EYE National Vision Holdings Inc. Common Stock | $18.67 | $9 | 101% above | 30.1x | 5.8% | 56 | 50 |
| SBH Sally Beauty Holdings Inc. (Name to be changed from Sally Holdings Inc.) Common Stock | $17.40 | $25 | 30% below | 9.1x | 23.5% | 60 | 74 |
Where TLF ranks against its sector peers on each metric.