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Kering SA (0IIH) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Kering SA €346, price €210, upside +64.4%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Industrials · GB · Home France · ISIN FR0000121485

KS Broad data Sep 28, 2026

Kering SA

0IIH · LSE

Clearly undervaluedStrong Fair Value upside, but quality is only moderate.

✓Fair value €345.72 · Strongly undervalued (+64.4%)
✓Quality 63/100
!Mixed Growth (revenue 3y +6.6 %/yr)
!Thin margins · 0.5% net margin (TTM)
✓Low debt
✓1.4% dividend yield · Well covered
!Narrow moat 36/100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€694.08 €153.26 Fair Value €345.72 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.

How to read this chart

60‑month range €153.26 – €694.08 · fair‑value band €254.13 – €447.01 · the €210.30 price screens below the €345.72 fair value. Dashed = 300-day average. As of Sep 28, 2026.

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Company profile

Kering SA manages the development of a collection of renowned houses in fashion, leather goods, and jewelry in the Asia Pacific, Western Europe, North America, Japan, and internationally. The company provides ready-to-wear products, accessories, and beauty products for men and women.

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Kering SA manages the development of a collection of renowned houses in fashion, leather goods, and jewelry in the Asia Pacific, Western Europe, North America, Japan, and internationally. The company provides ready-to-wear products, accessories, and beauty products for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics. The company provides its products under the Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, Brioni, Boucheron, Pomellato, DoDo, Qeelin, and Ginori 1735, as well as Kering Eyewear and Kering Beauté brands. Kering SA was formerly known as PPR SA. and changed its name to Kering SA in May 2013. The company was founded in 1963 and is based in Paris, France.

Stock analysis

Kering SA (0IIH) currently trades at €210.30, while our model-based Fair Value estimate is €345.72, implying the stock looks roughly 39.2% undervalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of €356.26 per share, and 14 of the 23 models we run sit above the €210.30 price.

Bear case: the Asset-Based group reads lowest at €62.72, and 9 of the 23 models stay below the price. Evidence for this calculation is high.

Scenario range: €254.13 (bear) to €447.01 (bull), the price of €210.30 sits below 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 63/100 (solid quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Kering SA reported revenue of €13.1B in FY2020 versus €12.4B in FY2016, a compound +1.4%/yr. Reported net income was €2.2B in FY2020, compounding +27.5%/yr from FY2016.

Key figures

Market cap €66.2B · P/E ratio 0.2 · P/S ratio 0.03 · EPS (TTM) €25.49 · Dividend yield 1.4% · Net margin 16.4% · Return on equity 0.3% · Return on assets (EBIT) 12.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).

What moves the price

The share trades about 38% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 64%, 0IIH screens cheaper than that median.

Fair Value models

Bear €254.13 Fair Value €345.72 Bull €447.01
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF €305.29 €434.31 €673.26 76
Growth DCF €320.58 €445.81 €660.02 75
EPV €118.34 €141.95 €162.61 74
All 23 models by family
DCF Models
FCF DCF €305.29 €434.31 €673.26 76
5Y Revenue Exit €176.93 €239.54 €329.94 70
5Y EBITDA Exit €304.97 €461.21 €668.23 71
5Y P/E Exit €244.35 €356.26 €490.47 68
10Y Revenue Exit €221.36 €272.58 €324.68 65
10Y EBITDA Exit €302.52 €409.66 €523.28 66
10Y P/E Exit €265.72 €344.76 €418.92 62
Earnings-Based
Graham-Dodd €115.80 €141.53 €159.22 65
EPV €118.34 €141.95 €162.61 74
Dividend Discount
Gordon GGM €107.83 €118.03 €133.56 67
DDM Multi-Stage €107.83 €135.29 €173.78 65
Multiples
P/E Multiple €268.21 €357.61 €447.01 63
P/S Multiple €155.61 €207.48 €259.35 58
P/B Multiple €217.12 €289.49 €361.87 55
EV/EBIT €309.70 €420.70 €531.71 66
EV/EBITDA €360.13 €487.95 €615.76 67
EV/Revenue €107.41 €163.43 €219.44 53
Asset-Based
NCAV (Graham) €46.80 €62.72 €93.61 54
Growth DCF
Growth DCF €320.58 €445.81 €660.02 75
Rev-Margin DCF €176.93 €247.24 €336.56 70
Economic Profit
Residual Income €106.57 €126.32 €167.67 73
ROIC Compounder €118.34 €147.21 €178.39 69
Growth Earnings
Growth-Adj P/E €189.39 €270.56 €351.72 65

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Quality Score breakdown

Overall quality 63/100

Of which business quality 64 · Market factors (momentum, volatility) 25

Profitability 56
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)

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Revenue & earnings trend

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. 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−17.5%
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.
+6.6%
Profit margin (trend) ⓘ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.
11.1% (2016) → 25.2% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
not computed

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Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Cite: Fair Value Calculator (2026). "Kering SA Fair Value". https://www.fairvalue-calculator.com/stock/0IIH

Frequently asked questions

Is Kering SA (0IIH) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of €345.72 versus a price of €210.30, about +64% upside (undervalued).
What is the fair value of 0IIH?
Our model-based fair value for Kering SA is €345.72 (as of Sep 28, 2026), built from audited fundamentals. The current price: €210.30.
What is the quality score of 0IIH?
Kering SA has a Quality Score of 63/100. 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 Kering SA (0IIH)?
Our model-based price target is the fair value of €345.72 (as of Sep 28, 2026) from 23 valuation models. Cautious scenario €254.13, optimistic scenario €447.01. It is a calculation from audited fundamentals, not an analyst target.
What is the Kering SA stock forecast for 2026?
Our models put fair value at €345.72, about +64% upside versus a price of €210.30 (undervalued). Cautious scenario €254.13, optimistic scenario €447.01. The calculation is refreshed regularly with new filings.
What is the revenue of Kering SA (0IIH)?
Kering SA reported trailing-twelve-month revenue of about €14.7B (latest available figure, as of Sep 28, 2026).
Does Kering SA pay a dividend?
Kering SA currently shows a dividend yield of about 1.43% relative to its recent price (as of Sep 28, 2026).
What is the intrinsic value of Kering SA (0IIH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kering SA it is €345.72 per share (as of Sep 28, 2026), against a price of €210.30. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Kering SA stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 0IIH trades below its calculated fair value: price €210.30, fair value €345.72, a gap of about +64% (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 0IIH?
No. The price is what the market pays today (€210.30); the fair value is what the company's own numbers justify (€345.72). For Kering SA the two are €135.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kering SA worth?
The market values Kering SA at about €66.2B (market capitalisation, as of Sep 28, 2026). Per share that is €210.30; our models calculate a fair value of €345.72 per share.
What do the bullish and bearish scenarios say about 0IIH?
Our models span a range for Kering SA: cautious scenario €254.13, base €345.72, optimistic €447.01 per share (as of Sep 28, 2026, price €210.30). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0IIH from its 52-week high?
Kering SA trades at €210.30, about 38% below its 52-week high of €340.01 and at the low of €210.30 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €345.72 is for.
Which stocks are comparable to Kering SA?
From the same area (Industrials) we also value CHEMTECH, INLCM, Contemporary Amperex Technology Co, Delta Electronics (Thailand) Public Company, 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 Kering SA stock attractive at the current price?
The data as of Sep 28, 2026: price €210.30, calculated fair value €345.72 (+64%), Quality Score 63/100, from 23 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 0IIH calculated?
We run Kering SA through 23 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €345.72, 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 14.5 % above its aggregate fair value. Kering SA currently trades 39 % 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 Kering SA (0IIH)?
The closing price on Oct 2, 2026 was €210.30. Our model-based fair value is €345.72, about +64% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kering SA right now?
The price is below even our cautious bear case (€254.13). The market is more pessimistic than our downside scenario. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Kering SA

How large is the market capitalisation of Kering SA (0IIH)?
The market capitalisation of Kering SA is €66.2B. 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/E ratio of Kering SA (0IIH)?
The price-to-earnings ratio of Kering SA is 0.2 (as of Jul 24, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Kering SA (0IIH)?
The price-to-sales ratio of Kering SA is 0.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kering SA (0IIH)?
Earnings per share at Kering SA are €25.49 (price ÷ EPS = P/E 0.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kering SA (0IIH)?
The dividend yield of Kering SA is 1.4% (payout 11.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kering SA (0IIH)?
The net margin of Kering SA is 16.4% (fiscal year 2020). 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 Kering SA (0IIH)?
The return on equity (ROE) of Kering SA is 0.3% (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 Kering SA (0IIH)?
On an EBIT basis the return on assets of Kering SA is 12.4% (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 Kering SA (0IIH)?
The operating margin of Kering SA is 11.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kering SA (0IIH)?
Revenue at Kering SA is growing −15.9% versus a year earlier (3y avg +6.6%). 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 Kering SA (0IIH)?
Earnings per share at Kering SA are growing −46.1% versus a year earlier. How much earnings per share grew versus a year earlier.
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