LPP S.A. (LPP) fair value: what the stock is really worth
We calculate from audited financials what LPP S.A. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 19, 2026.
How to read this chart
60‑month range 6,577 PLN – 24,600 PLN · fair‑value band 11,378 PLN – 26,042 PLN · the 24,600 PLN price screens above the 20,032 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 19, 2026.
LPP SA designs, manufactures, and distributes apparel for women, men, and children. It offers apparel, accessories, footwear, and supplementary items under the Reserved, Cropp, House, Mohito, and Sinsay brand names. The company sells its products through offline and online stores. LPP SA was incorporated in 1989 and is headquartered in Gdansk, Poland.
Stock analysis
LPP S.A. (LPP) currently trades at 24,600 PLN, while our model-based Fair Value estimate is 20,032 PLN, implying the stock looks roughly 22.8% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 20,928 PLN per share, and 6 of the 26 models we run sit above the 24,600 PLN price.
Bear case: the Asset-Based group reads lowest at 2,022 PLN, and 20 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 11,378 PLN (bear) to 26,042 PLN (bull), the price of 24,600 PLN 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 62/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
LPP S.A. reported revenue of 23.1B PLN in FY2026 versus 14.0B PLN in FY2022, a compound +13.3%/yr. Reported net income was 1.5B PLN in FY2026, compounding +12.0%/yr from FY2022.
Key figures
Market cap 45.7B PLN (≈ $12.0B) · P/E ratio 30.5 · P/S ratio 1.98 · EPS (TTM) 805.68 PLN · Dividend yield 3.1% · Net margin 6.5% · Return on equity 27.4% · Return on assets (EBIT) 14.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 89% 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 −19%, LPP screens richer than that median.
Fair Value models
Bear 11,378 PLNFair Value 20,032 PLNBull 26,042 PLN
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. Based on fiscal year 2026 figures (about 8 months old). Earnings retained since then (567.73 PLN 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.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.
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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+14.4%
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.
+13.2%
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.
+24.1%
Revenue growth 20 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.
+19.2%
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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.
+18.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.6%
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.16% vs 15%, 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.2% → 16%
Growth Forecast
A lot of optimism in the price
The price assumes less 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).
+16.3%
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.
+11.8%
Yearly sales growth analysts expect, extended to five years.
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 Manufacturing · 214 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−17% · Below median
Profitability
Return on equity (TTM)27% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)−1% · Below median
Operating margin (TTM)13% · Top 25%
Growth and dividend
Revenue growth11% · Top 25%
Dividend yield (TTM)3.1% · Above median
Balance sheet
Debt / equity0.25× · Highest 25%
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Cite: Fair Value Calculator (2026). "LPP S.A. Fair Value". https://www.fairvalue-calculator.com/stock/LPP
Frequently asked questions
Is LPP S.A. (LPP) overvalued or undervalued?
As of Sep 19, 2026, our model estimates a fair value of 20,032 PLN versus a price of 24,600 PLN, about −19% upside (overvalued).
What is the fair value of LPP?
Our model-based fair value for LPP S.A. is 20,032 PLN (as of Sep 19, 2026), built from audited fundamentals. The current price: 24,600 PLN.
What is the quality score of LPP?
LPP S.A. has a Quality Score of 62/100. 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 LPP S.A. (LPP)?
Our model-based price target is the fair value of 20,032 PLN (as of Sep 19, 2026) from 26 valuation models. Cautious scenario 11,378 PLN, optimistic scenario 26,042 PLN. It is a calculation from audited fundamentals, not an analyst target.
What is the LPP S.A. stock forecast for 2026?
Our models put fair value at 20,032 PLN, about −19% upside versus a price of 24,600 PLN (overvalued). Cautious scenario 11,378 PLN, optimistic scenario 26,042 PLN. The calculation is refreshed regularly with new filings.
What is the revenue of LPP S.A. (LPP)?
LPP S.A. reported trailing-twelve-month revenue of about 8.4B PLN (latest available figure, as of Sep 19, 2026).
Does LPP S.A. pay a dividend?
LPP S.A. currently shows a dividend yield of about 3.06% relative to its recent price (as of Sep 19, 2026).
What growth is priced into LPP S.A. (LPP)?
For today's price to be fair in a discounted-cash-flow model, LPP S.A. would have to grow free cash flow by +16.3 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.1 % per year. As of Sep 19, 2026.
What discount rate (WACC) does the fair value of LPP use?
Our models discount LPP S.A. at 9.3 %: a base by market capitalisation (large), damped by beta 0.70, country premium for Poland. 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 LPP S.A. that is +16.3 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has LPP S.A. (LPP) delivered so far?
Over the past 5 years revenue at LPP S.A. grew +24.1 % a year. The price currently implies +16.3 % per year free-cash-flow growth a 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 LPP S.A. (LPP) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into LPP S.A. (+16.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of LPP S.A. (LPP)?
The free-cash-flow yield on the price is 3.29 %: that much free cash flow LPP S.A. produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LPP S.A. (LPP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LPP S.A. it is 20,032 PLN per share (as of Sep 19, 2026), against a price of 24,600 PLN. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is LPP S.A. stock overvalued or undervalued in 2026?
As of Sep 19, 2026, LPP trades above its calculated fair value: price 24,600 PLN, fair value 20,032 PLN, a gap of about −19% (overvalued). 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 LPP?
No. The price is what the market pays today (24,600 PLN); the fair value is what the company's own numbers justify (20,032 PLN). For LPP S.A. the two are 4,568 PLN per share apart. That gap is exactly why we show both numbers side by side.
How much is LPP S.A. worth?
The market values LPP S.A. at about 45.7B PLN (market capitalisation, as of Sep 19, 2026). Per share that is 24,600 PLN; our models calculate a fair value of 20,032 PLN per share.
What do the bullish and bearish scenarios say about LPP?
Our models span a range for LPP S.A.: cautious scenario 11,378 PLN, base 20,032 PLN, optimistic 26,042 PLN per share (as of Sep 19, 2026, price 24,600 PLN). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LPP?
LPP S.A. trades at a price-to-earnings ratio of 30.5 (as of Sep 19, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 20,032 PLN is built from several models across several years. Other multiples: PEG 0.7, P/B 1.7, P/S 1.2, EV/EBITDA 14.3.
What is the PEG ratio of LPP?
The PEG ratio of LPP S.A. is 0.70 (P/E divided by earnings growth, as of Sep 19, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of LPP S.A. (LPP)?
Balance-sheet figures for LPP S.A. (as of Sep 19, 2026): return on equity 27.4%, debt of 0.25 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is LPP from its 52-week high?
LPP S.A. trades at 24,600 PLN, about 2% below its 52-week high of 24,180 PLN and 89% above the low of 13,006 PLN (as of Sep 19, 2026). Distance from the high says nothing about value: that is what the fair value of 20,032 PLN is for.
Which stocks are comparable to LPP S.A.?
From the same area (Consumer Cyclical) we also value H & M Hennes & Mauritz AB, Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear 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 LPP S.A. stock attractive at the current price?
The data as of Sep 19, 2026: price 24,600 PLN, calculated fair value 20,032 PLN (−19%), Quality Score 62/100, from 26 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 LPP calculated?
We run LPP S.A. through 26 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 20,032 PLN, 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 16.6 % above its aggregate fair value. LPP S.A. itself currently trades above fair value. 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 LPP S.A. (LPP)?
The closing price on Sep 22, 2026 was 24,600 PLN. Our model-based fair value is 20,032 PLN, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LPP S.A. right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (11,378 PLN to 26,042 PLN) leaves room in how you read the outcome.
Where does the earnings growth of LPP S.A. (LPP) come from?
Earnings per share at LPP S.A. grew +14.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +15.9 %, EBIT margin −0.7 %, tax rate −1.5 %, residual (interest, one-offs) +1.3 %. 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 LPP S.A.
How large is the market capitalisation of LPP S.A. (LPP)?
The market capitalisation of LPP S.A. is 45.7B PLN (≈ $12.0B). 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 LPP S.A. (LPP)?
The price-to-sales ratio of LPP S.A. is 1.98 (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 LPP S.A. (LPP)?
Earnings per share at LPP S.A. are 805.68 PLN (price ÷ EPS = P/E 30.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of LPP S.A. (LPP)?
The dividend yield of LPP S.A. is 3.1% (payout 93.3%). 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 LPP S.A. (LPP)?
The net margin of LPP S.A. is 6.5% (fiscal year 2026). 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 LPP S.A. (LPP)?
The return on equity (ROE) of LPP S.A. is 27.4% (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 LPP S.A. (LPP)?
On an EBIT basis the return on assets of LPP S.A. is 14.4% (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 LPP S.A. (LPP)?
The operating margin of LPP S.A. is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LPP S.A. (LPP)?
Revenue at LPP S.A. is growing +13.9% versus a year earlier (3y avg +13.2%). 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 LPP S.A. (LPP)?
Earnings per share at LPP S.A. are growing +58.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does LPP S.A. (LPP) carry?
The net debt of LPP S.A. is 1.4B PLN (fiscal year 2026, ≈ 0.9 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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