G III APPAREL GROUP LTD /DE/
$31.80
+0.30 (+0.95%) · delayed · Nov 13, 2026
Five-year price
52w $24.61 to $37.54
- Market cap
- $1.4B
- Enterprise value
- $961M
- P/E
- 21.1×
- 10.1× on 3y avg EPS
- EV / EBIT
- 8.9×
- FCF yield
- 19.4%
- ROIC
- 5.2%
- Debt / equity
- 0.00
- Piotroski F
- 5/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
50
- ○ROIC > 12% (5y avg)5y avg ROIC 8.6%
- ○ROE > 15% (5y avg)5y avg ROE 6.1%
- ○Stable operating marginsMargin volatility 5.3% (σ, 5y)
- ●Earnings convert to cashFCF / net income 234% (5y avg)
- ●Growing revenueRevenue CAGR 5y 7.5%
- ●Shrinking share countDiluted shares -8.8% over 5y
Value
80
- ○P/E below 15P/E 21.1
- ●EV/EBIT below 12EV/EBIT 8.9
- ●FCF yield above 6%FCF yield 19.4%
- ●Price below Graham NumberGraham Number $37.35
- ●P/B below 3P/B 0.8
Safety
80
- ●Debt / equity below 0.5D/E 0.00
- ●Debt payable in < 4 yrs of earningsNet debt $-0.4B
- ●Interest coverage > 8xCoverage 29.8x
- ●Current ratio > 1.5Current ratio 2.69
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
71
- ●Adequate size (revenue > $2B)Revenue $3.0B
- ●Strong condition (current ratio ≥ 2)Current ratio 2.69
- ○Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 85%
- ●Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 10.1
- ●P/E × P/B ≤ 22.5Product 7.8
Valuation lab
What do you have to believe?
At $31.80, the market is pricing in about −18.6% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$402M · 43M shares · 5y revenue CAGR 7.5%
Intrinsic value
$156.43
Price
$31.80
Margin of safety
80%
What the price implies
The market is paying for −18.6% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
60% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,386 | 2,807 | 3,076 | 3,160 | 2,055 | 2,767 | 3,227 | 3,098 | 3,181 | 2,957 |
| Gross profit | 841 | 1,055 | 1,107 | 1,118 | 744 | 988 | 1,101 | 1,242 | 1,299 | 1,164 |
| Operating income | 94 | 154 | 231 | 228 | 83 | 311 | (109) | 283 | 293 | 108 |
| Operating margin | 3.9% | 5.5% | 7.5% | 7.2% | 4.0% | 11.2% | -3.4% | 9.1% | 9.2% | 3.7% |
| Pre-tax income | 78 | 110 | 184 | 182 | 36 | 271 | (138) | 241 | 270 | 111 |
| Income tax | 26 | 48 | 46 | 38 | 12 | 71 | (4) | 66 | 77 | 43 |
| Net income | 52 | 62 | 138 | 144 | 24 | 201 | (133) | 176 | 194 | 67 |
| EPS (diluted) | 1.10 | 1.25 | 2.75 | 2.94 | 0.48 | 4.05 | -2.79 | 3.75 | 4.20 | 1.51 |
| Diluted shares | 47 | 50 | 50 | 49 | 49 | 50 | 48 | 47 | 46 | 45 |
Who owns it