Carter’s Inc (CRI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Carter’s Inc stock $44.39, price $32.01, upside +38.7%, quality 55 out of 100. Rating: undervalued. Calculated from audited financials with 25 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 8, 2026.
How to read this chart
60‑month range $22.74 – $89.54 · fair‑value band $27.63 – $59.30 · the $32.01 price screens below the $44.39 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 8, 2026.
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Carter's, Inc., together with its subsidiaries, designs, sources, and markets branded childrenswear in the United States and internationally. It operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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The company's products include babies and young children's products, such as bodysuits, layette essentials, sleep and play, pants, tops and t-shirts, multipiece sets, dresses, and sleepwear; and playclothes, such as denim jeans, overalls, core bottoms, knit tops, t-shirts, and layering pieces.
It also provides products for playtime, travel, mealtime, bath time, and home gear, as well as kid's and diaper bags, as well as range of licensed sports and character t-shirts.
In addition, the company offers sleepwear, swimwear, outerwear, bedding, accessories, and toys; and toddler apparel and accessories.
It sells its products through its retail stores, websites, and mobile app, as well as its wholesale distribution; and distributes its products to wholesale customers, including department stores, national chains, and specialty retailers.
The company markets its products under the Carter's, OshKosh B'gosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, Otter Avenue, and other brands. Carter's, Inc. was founded in 1865 and is headquartered in Atlanta, Georgia.
Stock analysis
Carter’s Inc (CRI) currently trades at $32.01, while our model-based Fair Value estimate is $44.39, implying the stock looks roughly 28% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $45.99 per share, and 14 of the 25 models we run sit above the $32.01 price.
Bear case: the Asset-Based group reads lowest at $7.80, and 11 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $27.63 (bear) to $59.30 (bull), the price of $32.01 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 55/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Carter’s Inc reported revenue of $2.9B in FY2025 versus $3.5B in FY2021, a compound −4.5%/yr. Reported net income was $91.8M in FY2025, compounding −27.9%/yr from FY2021.
Key figures
Market cap $1.1B Small · P/E ratio 5.3 · P/S ratio 0.38 · EPS (TTM) $6.05 · Dividend yield 3.1% · Net margin 7.4% · Return on equity 22.9% · Return on assets (EBIT) 12.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).
What moves the price
Analysts expect earnings well below the last reported figure (earnings in transition, for example expiring patents or contracts); a fair value that looks fair on trailing earnings may then be too optimistic.
The share trades about 26% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at 39%, CRI screens cheaper than that median.
Fair Value models
Bear$27.63Fair Value $44.39Bull$59.30
Price $32.01 · Upside +38.7%
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 2025 figures (about 10 months old). Earnings retained since then ($4.32 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, no officer or director bought or sold shares on the open market.
Plus 18 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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+1.9%
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.
−3.4%
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.
−0.8%
Start year 2020 (pandemic). Over 10 years: −0.4% a year
Revenue growth 27 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.
+7.5%
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What shareholders gained per year (last 5 years) ⓘ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. Basis: adjusted.
−13.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.8%
Dividend (yield on the price)3.1%
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.−15.2% vs −5.5%, slowing
Profit margin 2020 to 2025 ⓘ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.6% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+17.7%
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.
+0.9%
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 +15.0% a year for the price and −1.4% for the forecasts.
Price, fair value, quality and upside side by side.
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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 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+38.7% · Above median
Profitability
Return on equity (12 months)22.9% · Top 25%
Return on assets3.6% · Above median
Net margin (12 months)7.4% · Above median
Operating margin (12 months)7.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)−0.7% · Below median
Dividend yield (12 months)3.1% · Above median
Balance sheet
Debt / equity0.61× · Highest 25%
Valuation Multiplesvs Apparel Retail median · lower = cheaper
P/E (12 months)5.3× · Cheapest 25%
P/B1.23× · Cheaper than median
P/S (12 months)0.38× · Cheaper than median
Price / free cash flow (fiscal year)16.5× · 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). "Carter’s Inc Fair Value". https://www.fairvalue-calculator.com/stock/CRI
Frequently asked questions
Is Carter’s Inc (CRI) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $44.39 versus a price of $32.01, about +39% upside (undervalued).
What is the fair value of CRI?
Our model-based fair value for Carter’s Inc is $44.39 (as of Nov 8, 2026), built from audited fundamentals. The current price: $32.01.
What is the quality score of CRI?
Carter’s Inc has a Quality Score of 55/100. 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 Carter’s Inc (CRI)?
Our model-based price target is the fair value of $44.39 (as of Nov 8, 2026) from 25 valuation models. Cautious scenario $27.63, optimistic scenario $59.30. It is a calculation from audited fundamentals, not an analyst target.
What is the Carter’s Inc stock forecast for 2026?
Our models put fair value at $44.39, about +39% upside versus a price of $32.01 (undervalued). Cautious scenario $27.63, optimistic scenario $59.30. The calculation is refreshed regularly with new filings.
What is the revenue of Carter’s Inc (CRI)?
Carter’s Inc reported trailing-twelve-month revenue of about $3.0B (latest available figure, as of Nov 8, 2026).
Does Carter’s Inc pay a dividend?
Carter’s Inc currently shows a dividend yield of 3.12% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Carter’s Inc (CRI) and when is the ex-dividend date?
Carter’s Inc pays a dividend of $1.00 per share a year, a dividend yield of 3.1%. The last ex-dividend date was Sep 1, 2026. A dividend has been paid every year since at least 2013. The payout ratio is 16.5% of earnings. Free cash flow covers the dividend 1.87 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Carter’s Inc (CRI)?
For today's price to be fair in a discounted-cash-flow model, Carter’s Inc would have to grow free cash flow by +17.7 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of CRI use?
Our models discount Carter’s Inc at 10.8 %: a base by market capitalisation (small), damped by beta 0.84, 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 Carter’s Inc that is +17.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Carter’s Inc (CRI) delivered so far?
Over the past 5 years revenue at Carter’s Inc grew -0.9 % a year. The price currently implies free-cash-flow growth of +17.7 % 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 Carter’s Inc (CRI) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Carter’s Inc (+17.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Carter’s Inc (CRI)?
The free-cash-flow yield on the price is 6.05 %: that much free cash flow Carter’s Inc produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Carter’s Inc (CRI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Carter’s Inc it is $44.39 per share (as of Nov 8, 2026), against a price of $32.01. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Carter’s Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, CRI trades below its calculated fair value: price $32.01, fair value $44.39, a gap of about +39% (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 CRI?
No. The price is what the market pays today ($32.01); the fair value is what the company's own numbers justify ($44.39). For Carter’s Inc the two are $12.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Carter’s Inc worth?
The market values Carter’s Inc at about $1.1B (market capitalisation, as of Nov 8, 2026). Per share that is $32.01; our models calculate a fair value of $44.39 per share.
What do the bullish and bearish scenarios say about CRI?
Our models span a range for Carter’s Inc: cautious scenario $27.63, base $44.39, optimistic $59.30 per share (as of Nov 8, 2026, price $32.01). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CRI?
Carter’s Inc trades at a price-to-earnings ratio of 5.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $44.39 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 13.4. Other multiples: PEG 2.0, P/B 1.2, P/S 0.4, EV/EBITDA 3.3.
What is the PEG ratio of CRI?
The PEG ratio of Carter’s Inc is 2.01 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Carter’s Inc (CRI)?
Balance-sheet figures for Carter’s Inc (as of Nov 8, 2026): return on equity 22.9%, debt of 0.61 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is CRI from its 52-week high?
Carter’s Inc trades at $32.01, about 26% below its 52-week high of $43.42 and 16% above the low of $27.70 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $44.39 is for.
Which stocks are comparable to Carter’s Inc?
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 Carter’s Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $32.01, calculated fair value $44.39 (+39%), Quality Score 55/100, from 25 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 CRI calculated?
We run Carter’s Inc through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $44.39 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. Carter’s Inc currently trades 28% 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 Carter’s Inc (CRI)?
The closing price on Nov 6, 2026 was $32.01. Our model-based fair value is $44.39, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Carter’s Inc right now?
Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($27.63 to $59.30) leaves room in how you read the outcome.
Where does the earnings growth of Carter’s Inc (CRI) come from?
Earnings per share at Carter’s Inc grew +0.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.7 %, EBIT margin −4.6 %, tax rate +2.2 %, residual (interest, one-offs) −0.4 %. 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 Carter’s Inc
How large is the market capitalisation of Carter’s Inc (CRI)?
The market capitalisation of Carter’s Inc is $1.1B. 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 Carter’s Inc (CRI)?
The price-to-sales ratio of Carter’s Inc is 0.38 (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 Carter’s Inc (CRI)?
Earnings per share at Carter’s Inc are $6.05 (price ÷ EPS = P/E 5.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Carter’s Inc (CRI)?
The dividend yield of Carter’s Inc is 3.1% (payout 16.5%). 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 Carter’s Inc (CRI)?
The net margin of Carter’s Inc is 7.4% (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 Carter’s Inc (CRI)?
The return on equity (ROE) of Carter’s Inc is 22.9% (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 Carter’s Inc (CRI)?
On an EBIT basis the return on assets of Carter’s Inc is 12.2% (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 Carter’s Inc (CRI)?
The operating margin of Carter’s Inc is 7.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Carter’s Inc (CRI)?
Revenue at Carter’s Inc is growing −0.7% versus a year earlier (3y avg −3.4%). 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 Carter’s Inc (CRI)?
Earnings per share at Carter’s Inc are growing +214% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Carter’s Inc (CRI) carry?
The net debt of Carter’s Inc is $725M (fiscal year 2025, ≈ 10.6 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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Broad data
Nov 8, 2026