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Macy's, Inc (M) Fair Value & Analysis

Consumer Cyclical · US · Market cap $6.1B

MS Macy's, Inc logo Macy's, Inc M · US
Price$23.95
Fair Value$42.95
Upside+79.3%
Quality66/100
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Evidence: High Range $29.21 – $62.96

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 8 days ago

Fair value updated Jun 24, 2026 — revised from $40.44 to $42.95 (+6.2%) since Jun 23, 2026. Share price +7.3% over the past month.

Price vs Fair Value (12 months)

$26.74 $11.90 Fair Value $42.95 Jul 2025 Jul 2026

12‑month range $11.90 – $26.74 · fair‑value band $29.21 – $62.96 · the $23.95 price screens below the $42.95 fair value. As of Jun 24, 2026.

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Analysis

Macy's, Inc (M) currently trades at $23.95, while our model-based Fair Value estimate is $42.95 — implying the stock looks roughly 79.3% undervalued today. We read business quality 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, Macy's, Inc generated revenue of $22.7B at a net margin of 2.9%. Revenue grew 2.1% year over year. It earns a return on equity of 14.4%. Net debt stands at $4.0B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $22.7B
Revenue growth (YoY) +2.1%
Net margin 2.9%
Return on equity 14.4%
Free cash flow $1.1B FY2026
P/E ratio 9.5
More key figures
Operating margin 1.8%
EPS (TTM) $2.42
Dividend yield 3.4%
EPS growth (YoY) +76.9%
Net debt $4.0B FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Macy's, Inc., an omni-channel retail organization, operates stores, websites, and mobile applications in the United States. The company sells various merchandise, such as apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods under the Macy's, Bloomingdale's, and Bluemercury brands. It also operates in Dubai, the United Arab Emirates, and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in June 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Macy's, Inc reported revenue of $22.6B in FY2026 versus $25.4B in FY2022, a compound −2.9%/yr. Reported net income was $642M in FY2026, compounding −18.1%/yr from FY2022.

Revenue −2.9%/yr
FY22 $25.4B
FY23 $25.4B
FY24 $23.9B
FY25 $23.0B
FY26 $22.6B
Net income −18.1%/yr
FY22 $1.4B
FY23 $1.2B
FY24 $45.0M
FY25 $582M
FY26 $642M

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

6 more Department Stores stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Falabella S.A FALABELLA 5,899 CLP 8,880 CLP +51%
SM Investments Corporation SVTMF $10.15 $21.80 +115%
Ryohin Keikaku Co RYKKY $11.15 $6.53 -41%
Shoprite Holdings SRGHY $18.32 $18.67 +2%
Marks and Spencer Group MAKSY $9.33 $12.57 +35%

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Frequently asked questions

Is Macy's, Inc (M) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $42.95 versus a price of $23.95 — about +79% (undervalued). Model-based estimate, not financial advice.
What is the fair value of M?
Our model-based fair value for Macy's, Inc is $42.95 (as of Jun 24, 2026), built from audited fundamentals. The current price is $23.95.
What is the quality score of M?
Macy's, Inc has a Quality Score of 66/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Macy's, Inc (M)?
Macy's, Inc reported trailing-twelve-month revenue of about $22.7B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of M?
The net profit margin of Macy's, Inc is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does Macy's, Inc pay a dividend?
Macy's, Inc currently shows a dividend yield of about 3.39% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.