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Hugo Boss AG (BOSS) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €2.6B

HB Hugo Boss AG BOSS · XETRA
Price€37.94
Fair Value€79.53
Upside+109.6%
Quality66/100
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Mixed Growth
Thin margins · 5.5% net margin
Low debt · generates free cash flow
0.11% dividend yield
Mixed vs. peers (7/15)
Moderate moat 48/100
Evidence: High Range €59.64 – €99.41 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 26 days ago

Share price +0.4% over the past month.

A solid business, screening 110% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€59.64). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€70.67 €30.80 Fair Value €79.53 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range €30.80 – €70.67 · fair‑value band €59.64 – €99.41 · the €37.94 price screens below the €79.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Hugo Boss AG (BOSS) currently trades at €37.94, while our model-based Fair Value estimate is €79.53, implying the stock looks roughly 109.6% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Hugo Boss AG generated revenue of €4.2B at a net margin of 5.5%. Revenue declined 9.4% year over year. It earns a return on equity of 15.7%. Net debt stands at €839M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €59.64 (bear case) to €99.41 (bull case); at €37.94, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 12% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 110%, BOSS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €80.77 €113.81 €158.24 80
Residual Income €22.99 €29.73 €76.53 76
Rev-Margin DCF €61.53 €91.12 €124.42 74
All 26 models by family
DCF Models
FCF DCF €79.31 €116.14 €168.51 38
Owner Earnings €74.26 €108.68 €157.63 31
5Y Revenue Exit €61.53 €90.30 €125.89 39
5Y EBITDA Exit €87.32 €137.52 €194.82 41
5Y P/E Exit €63.74 €94.35 €125.41 38
10Y Revenue Exit €66.08 €93.17 €127.41 36
10Y EBITDA Exit €83.50 €124.85 €177.82 37
10Y P/E Exit €68.92 €95.88 €127.05 35
Earnings-Based
Graham-Dodd €24.58 €68.50 €90.04 54
Lynch FV €13.77 €19.66 €25.56 50
PEG = 1.0 €13.77 €19.66 €25.56 46
EPV €46.06 €53.01 €59.01 59
Dividend Discount
Gordon GGM €12.30 €24.50 €37.10 70
DDM Multi-Stage €12.30 €19.07 €25.86 61
Multiples
P/E Multiple €59.64 €79.53 €99.41 63
P/S Multiple €46.09 €61.45 €76.81 58
P/B Multiple €46.09 €61.45 €76.81 55
EV/EBIT €84.15 €111.52 €138.89 53
EV/EBITDA €103.97 €137.94 €171.92 54
EV/Revenue €54.01 €76.28 €98.55 43
Asset-Based
NCAV (Graham) €11.14 €14.93 €22.28 50
Growth DCF
Growth DCF €80.77 €113.81 €158.24 80
Rev-Margin DCF €61.53 €91.12 €124.42 74
Economic Profit
Residual Income €22.99 €29.73 €76.53 76
ROIC Compounder €48.51 €59.18 €70.84 72
Growth Earnings
Growth-Adj P/E €47.34 €67.62 €87.91 68

Widest divergence: DCF Models (€95.88) versus Asset-Based (€14.93). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €4.2B
Revenue growth (YoY) -9.4%
Net margin 5.5%
Return on equity 15.7%
Free cash flow €507M FY2025
P/E ratio 11.4
More key figures
Operating margin 4.0%
EPS (TTM) €3.34
Dividend yield 0.1%
EPS growth (YoY) -52.9%
Net debt €839M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 67 · Market factors (momentum, volatility) 53

Profitability 66
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Hugo Boss AG, together with its subsidiaries, provides apparel, shoes, and accessories for men and women worldwide. It offers licensed products, such as fragrances, eyewear, and watches. The company also provides sportswear for tennis and padel, gym and running, ski, golf, equestrian, and swimming.

Full company description

Hugo Boss AG, together with its subsidiaries, provides apparel, shoes, and accessories for men and women worldwide. It offers licensed products, such as fragrances, eyewear, and watches. The company also provides sportswear for tennis and padel, gym and running, ski, golf, equestrian, and swimming. It markets and sells its products under the BOSS and HUGO brand names through freestanding stores, shop-in-shops, factory outlets, multi-brand stores, and franchise business, as well as online retailers, distribution, and stores. The company was founded in 1924 and is based in Metzingen, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hugo Boss AG reported revenue of €4.3B in FY2025 versus €2.8B in FY2021, a compound +11.3%/yr. Reported net income was €249M in FY2025, compounding +16.1%/yr from FY2021.

Growth Quality 89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€4.3B
Latest YoY
−0.9%
Avg. growth/yr (3Y)
+5.4%
Avg. growth/yr (5Y)
+17.0%
Avg. growth/yr (18Y)
+5.3%
Revenue +11.3%/yr
FY21 €2.8B
FY22 €3.7B
FY23 €4.2B
FY24 €4.3B
FY25 €4.3B
Net income +16.1%/yr
FY21 €137M
FY22 €209M
FY23 €258M
FY24 €213M
FY25 €249M

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Cite: Fair Value Calculator (2026). "Hugo Boss AG Fair Value". https://www.fairvalue-calculator.com/stock/BOSS

Peer Group

Apparel Manufacturing · 212 stocks

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.

Quality Score 66 · Top 25%
Fair Value upside +110% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 11.4× · Cheaper than median
P/B 1.97× · Pricier than median
P/S (TTM) 0.73× · Pricier than median
P/FCF 6.0× · Pricier than 75% of peers
EV/EBITDA 5.7× · Cheaper than median
PEG 4.92× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 33
FUTURE 0 · sector 4
PAST 63 · sector 21
HEALTH 93 · sector 98
DIVIDEND 2 · sector 49

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Hugo Boss AG (BOSS) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €79.53 versus a price of €37.94, about +110% (undervalued).
What is the fair value of BOSS?
Our model-based fair value for Hugo Boss AG is €79.53 (as of Jul 15, 2026), built from audited fundamentals. The current price is €37.94.
What is the quality score of BOSS?
Hugo Boss AG has a Quality Score of 66/100. 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 revenue of Hugo Boss AG (BOSS)?
Hugo Boss AG reported trailing-twelve-month revenue of about €4.2B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of BOSS?
The net profit margin of Hugo Boss AG is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does Hugo Boss AG pay a dividend?
Hugo Boss AG currently shows a dividend yield of about 0.11% relative to its recent price (as of Jul 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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