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Puig Brands, S.A (PUIG) Fair Value & Analysis

Consumer Defensive · ES · Market cap €16.0B

PB Puig Brands, S.A PUIG · MC
Price€16.81
Fair Value€12.41
Upside-26.2%
Quality60/100
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Healthy Growth
Solidly profitable · 11.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/15)
Moderate moat 60/100
Evidence: High Range €9.31 – €18.16 Share as image

Fair value as of: Jul 19, 2026

From 26 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from €23.07 to €12.41 (−46.2%) since Jul 18, 2026. Share price −1.9% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€9.31 to €18.16) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

€26.31 €12.84 Fair Value €12.41 May 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

27‑month range €12.84 – €26.31 · fair‑value band €9.31 – €18.16 · the €16.81 price screens above the €12.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Puig Brands, S.A (PUIG) currently trades at €16.81, while our model-based Fair Value estimate is €12.41, implying the stock looks roughly 26.2% overvalued today. We read business quality at 60/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Net debt stands at €1.0B. The stock trades on a trailing P/E of 15.9. Fundamentals as of Jul 19, 2026

Our scenario range runs from €9.31 (bear case) to €18.16 (bull case); at €16.81, the current price sits within 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 11% below its 52-week high and 28% above its 52-week low. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -26%, PUIG 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 €11.24 €22.16 €39.19 80
Residual Income €4.15 €5.44 €15.02 76
Rev-Margin DCF €9.20 €16.29 €26.08 74
All 26 models by family
DCF Models
FCF DCF €11.51 €21.39 €43.90 38
Owner Earnings €10.43 €20.54 €39.69 31
5Y Revenue Exit €9.20 €16.55 €26.87 39
5Y EBITDA Exit €10.80 €20.04 €32.15 41
5Y P/E Exit €9.89 €18.04 €27.82 38
10Y Revenue Exit €9.58 €17.05 €29.33 36
10Y EBITDA Exit €10.95 €19.70 €34.03 37
10Y P/E Exit €10.33 €18.19 €30.17 35
Earnings-Based
Graham-Dodd €4.24 €24.00 €33.35 54
Lynch FV €6.74 €9.62 €12.51 50
PEG = 1.0 €6.74 €9.62 €12.51 46
EPV €6.43 €7.45 €8.33 59
Dividend Discount
Gordon GGM €2.05 €4.25 €6.75 70
DDM Multi-Stage €2.05 €3.59 €4.46 61
Multiples
P/E Multiple €9.35 €12.46 €15.58 63
P/S Multiple €7.95 €10.59 €13.24 58
P/B Multiple €7.95 €10.59 €13.24 55
EV/EBIT €11.85 €15.68 €19.52 53
EV/EBITDA €11.06 €14.64 €18.21 54
EV/Revenue €8.09 €11.42 €14.75 43
Asset-Based
NCAV (Graham) €2.05 €2.74 €4.09 50
Growth DCF
Growth DCF €11.24 €22.16 €39.19 80
Rev-Margin DCF €9.20 €16.29 €26.08 74
Economic Profit
Residual Income €4.15 €5.44 €15.02 76
ROIC Compounder €7.54 €10.68 €15.12 72
Growth Earnings
Growth-Adj P/E €9.82 €14.03 €18.24 68

Widest divergence: DCF Models (€18.19) versus Asset-Based (€2.74). Highest evidence: Growth DCF (80).

Key figures & financial health

Free cash flow €757M FY2025
P/E ratio 15.9
EPS (TTM) €1.05
Net debt €1.0B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 61 · Market factors (momentum, volatility) 57

Profitability 55
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 57
Distance to the 52-week high (market factor)
Net Issuance 62
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

Puig Brands, S.A. operates in the beauty and fashion industry in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company operates through three segments: Fragrance and Fashion, Makeup, and Skincare.

Full company description

Puig Brands, S.A. operates in the beauty and fashion industry in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company operates through three segments: Fragrance and Fashion, Makeup, and Skincare. The Fragrance and Fashion segment designs, develops, and markets fragrances in various forms, including eau de parfum sprays and colognes, lotions, powders, creams, candles, and soaps, that are based on a particular fragrance, as well as clothing, footwear and accessories under the Carolina Herrera, Jean Paul Gaultier, Nina Ricci, Rabanne, Byredo, Christian Louboutin, Dries Van Noten, L'Artisan Parfumeur, Penhaligon's, Adolfo Domínguez, and Banderas brands. The Makeup segment engages in the creation, marketing, and sale of a range of cosmetic products, such as foundations, concealers, lipsticks, lip glosses, eyeliners, blushes, mascaras, and eyeshadows under the Carolina Herrera, Charlotte Tilbury, Rabanne, Byredo, Christian Louboutin, and Dries Van Noten brands. The Skincare segment offers cleansers, toners, moisturizers, serums, body care, exfoliators, acne, and oil correctors, facial masks, and sun care products under the Uriage, Apivita, Dr.Barbara Sturm, Kama Ayurveda, Loto del Sur, and Charlotte Tilbury brands. It sells its products in department stores, warehouses, pharmacies, drug stores, travel retail, spas, and Puig's own shops through digital channels, brands' own e-commerce, and distributors. The company was incorporated in 1914 and is based in Barcelona, Spain. Puig Brands, S.A. is a subsidiary of Puig, S.L.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Puig Brands, S.A reported revenue of €5.0B in FY2025 versus €2.6B in FY2021, a compound +18.2%/yr. Reported net income was €594M in FY2025, compounding +28.0%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€5.0B
Latest YoY
+5.3%
Avg. growth/yr (3Y)
+11.7%
Avg. growth/yr (5Y)
+26.8%
Avg. growth/yr (7Y)
+14.7%
Revenue +18.2%/yr
FY21 €2.6B
FY22 €3.6B
FY23 €4.3B
FY24 €4.8B
FY25 €5.0B
Net income +28.0%/yr
FY21 €221M
FY22 €399M
FY23 €465M
FY24 €531M
FY25 €594M

PUIG screens 26% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Puig Brands, S.A Fair Value". https://www.fairvalue-calculator.com/stock/PUIG

Peer Group

Household & Personal Products · 244 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 60 · Above median
Fair Value upside −26% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 15.9× · Cheaper than median
P/B 4.74× · Pricier than 75% of peers
P/S (TTM) 3.66× · Pricier than 75% of peers
P/FCF 24.4× · Pricier than 75% of peers
EV/EBITDA 18.8× · Pricier than 75% of peers
PEG 2.78× · Pricier than median

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 0 · sector 29
FUTURE 24 · sector 4
PAST 66 · sector 27
HEALTH 91 · sector 98
DIVIDEND 0 · sector 50

VALUE 0: the price sits above our fair-value range.

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Puig Brands, S.A (PUIG) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €12.41 versus a price of €16.81, about −26% (overvalued).
What is the fair value of PUIG?
Our model-based fair value for Puig Brands, S.A is €12.41 (as of Jul 19, 2026), built from audited fundamentals. The current price is €16.81.
What is the quality score of PUIG?
Puig Brands, S.A has a Quality Score of 60/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the net profit margin of PUIG?
The net profit margin of Puig Brands, S.A is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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