H & M Hennes & Mauritz AB (HMSB) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of H & M Hennes & Mauritz AB €16.81, price €13.98, upside +20.3%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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H & M Hennes & Mauritz AB
HMSB · XETRAUndervaluedThe stock appears undervalued with acceptable quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range €7.66 – €17.71 · fair‑value band €12.05 – €21.02 · the €13.98 price screens below the €16.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
Company profile
H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide.
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H & M Hennes & Mauritz AB (publ) provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide. It offers sportswear, shoes, bags, accessories, ready-to-wear, activewear, and jeans; interior products, including bed linens, towels and tablecloths, tableware, furniture, and lighting; and beauty products, such as make-up and fragrance collections. The company provides its products under the H&M, H&M HOME, H&M Move, H&M Beauty, COS, Cheap Monday, Weekday, Monki, & Other Stories, ARKET, and Singular Society brand names. In addition, it operates Sellpy, a broad digital platform for second-hand fashion and other products; Smartex.ai, a platform that detects faults in real time and helps in textile production; Syre, a platform which focuses on scaling textile-to-textile recycling primarily polyester; and A Retro Tale offers selected vintage and secondhand accessories, as well as provides collecting and sorting solutions to extend the useful life of no longer used garments through reuse and recycling under Looper Textile name. Further, the company operates seasonal vegetarian cafés and coffee shops. It offers its products through online and physical stores. H & M Hennes & Mauritz AB (publ) was incorporated in 1943 and is headquartered in Stockholm, Sweden.
Stock analysis
H & M Hennes & Mauritz AB (HMSB) currently trades at €13.98, while our model-based Fair Value estimate is €16.81, implying the stock looks roughly 16.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €19.59 per share, and 16 of the 26 models we run sit above the €13.98 price.
Bear case: the Asset-Based group reads lowest at €1.80, and 10 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: €12.05 (bear) to €21.02 (bull), the price of €13.98 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 71/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
H & M Hennes & Mauritz AB reported revenue of 228B SEK in FY2025 versus 199B SEK in FY2021, a compound +3.5%/yr. Reported net income was 12.2B SEK in FY2025, compounding +2.5%/yr from FY2021.
Key figures
Market cap €22.4B · P/E ratio 21.4 · P/S ratio 1.14 · EPS (TTM) €0.6900 · Net margin 5.3% · Return on equity 34.7% · Return on assets (EBIT) 8.2% · Revenue (TTM) 231B SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 1% 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 20%, HMSB screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 43
Revenue & earnings trend
Growth Forecast
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Compare H & M Hennes & Mauritz AB with another stock
Price, fair value, quality and upside side by side.
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 Manufacturing · 214 stocks
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Ralph Lauren Corporation RL | $357.10 | $225.10 | −37% |
| Moncler S.p.A MONC | €43.70 | €50.69 | +16% |
| LPP SA LPP | 24,900 PLN | 20,032 PLN | −20% |
| Levi Strauss & Co LEVI | $19.73 | $16.26 | −18% |
| Gildan Activewear Inc GIL | $41.92 | $46.11 | +10% |
| Bosideng International Holdings 3998 | HK$3.97 | HK$7.44 | +87% |
| Youngor Fashion Co 600177 | ¥8.29 | ¥5.59 | −33% |
| V.F. Corporation VFC | $14.42 | $8.68 | −40% |
| Page Industries Limited PAGEIND | ₹37,695 | ₹28,533 | −24% |
| Hla Group 600398 | ¥5.66 | ¥11.97 | +111% |
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Key figures of H & M Hennes & Mauritz AB
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