Abercrombie & Fitch Company (ANF) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Abercrombie & Fitch Company stock $206, price $150, upside +37.6%, quality 68 out of 100. Rating: undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $14.39 – $192.34 · fair‑value band $135.59 – $292.31 · the $149.54 price screens below the $205.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Abercrombie & Fitch Co., through its subsidiaries, operates as an omnichannel retailer in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.
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It offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Your Personal Best, Hollister, and Gilly Hicks brands.
The company sells products through its stores, various wholesale, franchise, and licensing arrangements, as well as e-commerce platforms. Abercrombie & Fitch Co. was founded in 1892 and is headquartered in New Albany, Ohio.
Stock analysis
Abercrombie & Fitch Company (ANF) currently trades at $149.54, while our model-based Fair Value estimate is $205.82, implying the stock looks roughly 27% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $226.46 per share, and 14 of the 24 models we run sit above the $149.54 price.
Bear case: the Asset-Based group reads lowest at $21.54, and 10 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $135.59 (bear) to $292.31 (bull), the price of $149.54 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Abercrombie & Fitch Company reported revenue of $5.3B in FY2026 versus $3.7B in FY2022, a compound +9.1%/yr. Reported net income was $507M in FY2026, compounding +17.8%/yr from FY2022.
Key figures
Market cap $7.2B Mid · P/E ratio 12.9 · P/S ratio 1.36 · EPS (TTM) $11.58 · Net margin 10.0% · Return on equity 40.6% · Return on assets (EBIT) 14.7% (5-year average) · Operating margin 19.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 128% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at 38%, ANF screens cheaper than that median.
Fair Value models
Bear$135.59Fair Value $205.82Bull$292.31
Price $149.54 · Upside +37.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 9 months old). Earnings retained since then ($8.92 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 4 officers or directors sold shares worth $10.6M and none bought.
SaleScott D. LipeskyEVP and COO6× since Jul 16, 2026: 47,000 shares, avg. $113.59$5.3MSep 4, 2026
SaleGregory J HenchelEVP, Chief Legal Off & Secy30,000 shares at $146.65$4.4MAug 28, 2026
SaleKenneth B. RobinsonDirector800 shares at $149.69$119,752Aug 28, 2026
SaleJay RustEVP, Chief HR Officer5,000 shares at $147.50$737,500Aug 28, 2026
SaleFran HorowitzChief Executive Officer, Director4× since Jan 22, 2026: 400,000 shares, avg. $99.32$39.7MFeb 6, 202610b5-1 plan
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.0%
Start year 2021 (pandemic). Over 10 years: +4.1% a year
Revenue growth 29 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+33.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.34.2% vs 35.2%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−1% → 13%
2026 sits 68% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+4.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +4.3% a year for the price and +1.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Moderate moat potential from brand margins and clean balance sheet is offset by high competition plus limited innovation signals in apparel retail.
Main risk: Cheaper ultra-fast fashion platforms such as Shein and Temu could erode market share or force price reductions by undercutting on speed and cost in the apparel segment.
Bull case: By accelerating supply chain diversification and emphasizing full-price premium positioning with category extensions the company could mitigate tariff costs and differentiate from ultra-fast rivals.
Bear case: Persistent tariff pressures combined with continued gains by Shein-style platforms could compress margins and shift customers toward lower-priced alternatives eroding the brand's recent momentum.
Abercrombie & Fitch is entering its fifth straight year as a net store opener, targeting about 130 new or refreshed locations this year with emphasis on the Americas and lessons from the strong-performing SoHo site. This physical push accompanies solid momentum in the namesake brand via more full-price selling and category extensions, even as Hollister shows relative softness. Our models currently see the shares as undervalued. Will the store investments and pricing discipline deliver lasting gains, or will they be offset by ongoing channel and regional pressures?
Compare Abercrombie & Fitch Company with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Apparel Retail · 100 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside+37.6% · Above median
Profitability
Return on equity (12 months)40.6% · Top 25%
Return on assets14.3% · Top 25%
Net margin (12 months)10.0% · Top 25%
Operating margin (12 months)19.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.8% · Above median
Valuation Multiplesvs Apparel Retail median · lower = cheaper
P/E (12 months)12.9× · Cheaper than median
P/B5.16× · Priciest 25%
P/S (12 months)1.36× · Pricier than median
Price / free cash flow (fiscal year)19.2× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Abercrombie & Fitch Company Fair Value". https://www.fairvalue-calculator.com/stock/ANF
Frequently asked questions
Is Abercrombie & Fitch Company (ANF) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $205.82 versus a price of $149.54, about +38% upside (undervalued).
What is the fair value of ANF?
Our model-based fair value for Abercrombie & Fitch Company is $205.82 (as of Nov 7, 2026), built from audited fundamentals. The current price: $149.54.
What is the quality score of ANF?
Abercrombie & Fitch Company has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Abercrombie & Fitch Company (ANF)?
Our model-based price target is the fair value of $205.82 (as of Nov 7, 2026) from 24 valuation models. Cautious scenario $135.59, optimistic scenario $292.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Abercrombie & Fitch Company stock forecast for 2026?
Our models put fair value at $205.82, about +38% upside versus a price of $149.54 (undervalued). Cautious scenario $135.59, optimistic scenario $292.31. The calculation is refreshed regularly with new filings.
What is the revenue of Abercrombie & Fitch Company (ANF)?
Abercrombie & Fitch Company reported trailing-twelve-month revenue of about $5.3B (latest available figure, as of Nov 7, 2026).
What growth is priced into Abercrombie & Fitch Company (ANF)?
For today's price to be fair in a discounted-cash-flow model, Abercrombie & Fitch Company would have to grow free cash flow by +6.8 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of ANF use?
Our models discount Abercrombie & Fitch Company at 9.8 %: a base by market capitalisation (mid), damped by beta 1.01, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Abercrombie & Fitch Company that is +6.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Abercrombie & Fitch Company (ANF) delivered so far?
Over the past 5 years revenue at Abercrombie & Fitch Company grew +11.0 % a year. The price currently implies free-cash-flow growth of +6.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Abercrombie & Fitch Company (ANF) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Abercrombie & Fitch Company (+6.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Abercrombie & Fitch Company (ANF)?
The free-cash-flow yield on the price is 5.22 %: that much free cash flow Abercrombie & Fitch Company produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Abercrombie & Fitch Company (ANF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Abercrombie & Fitch Company it is $205.82 per share (as of Nov 7, 2026), against a price of $149.54. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Abercrombie & Fitch Company stock overvalued or undervalued in 2026?
As of Nov 7, 2026, ANF trades below its calculated fair value: price $149.54, fair value $205.82, a gap of about +38% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ANF?
No. The price is what the market pays today ($149.54); the fair value is what the company's own numbers justify ($205.82). For Abercrombie & Fitch Company the two are $56.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is Abercrombie & Fitch Company worth?
The market values Abercrombie & Fitch Company at about $7.2B (market capitalisation, as of Nov 7, 2026). Per share that is $149.54; our models calculate a fair value of $205.82 per share.
What do the bullish and bearish scenarios say about ANF?
Our models span a range for Abercrombie & Fitch Company: cautious scenario $135.59, base $205.82, optimistic $292.31 per share (as of Nov 7, 2026, price $149.54). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANF?
Abercrombie & Fitch Company trades at a price-to-earnings ratio of 12.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $205.82 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 20.1. Other multiples: PEG 3.6, P/B 5.2, P/S 1.4, EV/EBITDA 7.1.
What is the PEG ratio of ANF?
The PEG ratio of Abercrombie & Fitch Company is 3.62 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Abercrombie & Fitch Company (ANF)?
Balance-sheet figures for Abercrombie & Fitch Company (as of Nov 7, 2026): return on equity 40.6%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is ANF from its 52-week high?
Abercrombie & Fitch Company trades at $149.54, about 13% below its 52-week high of $171.09 and 128% above the low of $65.61 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $205.82 is for.
Which stocks are comparable to Abercrombie & Fitch Company?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, The TJX Companies, Inc, Fast Retailing Co, Ross Stores, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Abercrombie & Fitch Company stock attractive at the current price?
The data as of Nov 7, 2026: price $149.54, calculated fair value $205.82 (+38%), Quality Score 68/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANF calculated?
We run Abercrombie & Fitch Company through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $205.82 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Abercrombie & Fitch Company currently trades 27% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Abercrombie & Fitch Company (ANF)?
The closing price on Nov 6, 2026 was $149.54. Our model-based fair value is $205.82, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Abercrombie & Fitch Company right now?
Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($135.59 to $292.31) leaves room in how you read the outcome.
Where does the earnings growth of Abercrombie & Fitch Company (ANF) come from?
Earnings per share at Abercrombie & Fitch Company grew +40.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +7.2 %, EBIT margin +24.1 %, tax rate +1.4 %, residual (interest, one-offs) +4.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Abercrombie & Fitch Company
How large is the market capitalisation of Abercrombie & Fitch Company (ANF)?
The market capitalisation of Abercrombie & Fitch Company is $7.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Abercrombie & Fitch Company (ANF)?
The price-to-sales ratio of Abercrombie & Fitch Company is 1.36 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Abercrombie & Fitch Company (ANF)?
Earnings per share at Abercrombie & Fitch Company are $11.58 (price ÷ EPS = P/E 12.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Abercrombie & Fitch Company (ANF)?
The net margin of Abercrombie & Fitch Company is 10.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Abercrombie & Fitch Company (ANF)?
The return on equity (ROE) of Abercrombie & Fitch Company is 40.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Abercrombie & Fitch Company (ANF)?
On an EBIT basis the return on assets of Abercrombie & Fitch Company is 14.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Abercrombie & Fitch Company (ANF)?
The operating margin of Abercrombie & Fitch Company is 19.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Abercrombie & Fitch Company (ANF)?
Revenue at Abercrombie & Fitch Company is growing +4.8% versus a year earlier (3y avg +12.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Abercrombie & Fitch Company (ANF)?
Earnings per share at Abercrombie & Fitch Company are growing +43.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Abercrombie & Fitch Company (ANF) carry?
The net debt of Abercrombie & Fitch Company is $409M (fiscal year 2026, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 7, 2026