Latham Group Inc (SWIM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Latham Group Inc $1.99, price $6.34, upside -68.6%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 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 23, 2026.
How to read this chart
60‑month range $2.11 – $31.96 · fair‑value band $1.27 – $2.49 · the $6.34 price screens above the $1.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. The company offers in-ground swimming pools, including fiberglass and packaged pools; and covers, such as automatic safety and all-season pool covers; and liners.
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Latham Group, Inc. designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. The company offers in-ground swimming pools, including fiberglass and packaged pools; and covers, such as automatic safety and all-season pool covers; and liners. It sells its products directly to dealers and distributors who warehouse the products and sell to dealers under the Latham, The Pool Company brand name, as well as sub-brands comprising Narellan, CoverStar, Radiant, and GLI brands. The company was formerly known as Latham Topco, Inc. and changed its name to Latham Group, Inc. in March 2021. Latham Group, Inc. was founded in 1956 and is headquartered in Latham, New York.
Stock analysis
Latham Group Inc (SWIM) currently trades at $6.34, while our model-based Fair Value estimate is $1.99, implying the stock looks roughly 218.6% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $2.49 per share, and 1 of the 23 models we run sit above the $6.34 price.
Bear case: the Economic Profit group reads lowest at $0.3800, and 22 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: $1.27 (bear) to $2.49 (bull), the price of $6.34 sits above 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 54/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latham Group Inc reported revenue of $546M in FY2025 versus $630M in FY2021, a compound −3.5%/yr. Reported net income was $11.1M in FY2025.
Key figures
Market cap $760M · P/E ratio 90.6 · P/S ratio 1.85 · EPS (TTM) $0.0700 · Net margin 2.0% · Return on equity 2.2% · Return on assets (EBIT) 1.4% · Operating margin −3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 21% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −69%, SWIM screens richer than that median.
Fair Value models
Bear $1.27Fair Value $1.99Bull $2.49
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 2025 figures (about 9 months old). Earnings retained since then ($0.0512 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.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
−22.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−22.8%
Dividend (yield on the price)0.0%
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.10% → 6%
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).
+30.1%
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.
+6.1%
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 +27.0% a year for the price and +3.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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.Building Products & Equipment · 253 stocks
Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−69% · Bottom 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets2% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)−3% · Bottom 25%
Growth and dividend
Revenue growth5% · Above median
Balance sheet
Debt / equity0.68× · Highest 25%
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (TTM)90.6× · Priciest 25%
P/B1.87× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (TTM)1.38× · Pricier than median
P/FCF29.2× · Priciest 25%
EV/EBITDA11.5× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 14
FUTURE (revenue growth)27· sector 11
PAST (return on equity)9· sector 23
HEALTH (low debt)66· sector 95
DIVIDEND (yield)0· sector 42
VALUE 0: the price sits above our fair-value range.
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). "Latham Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/SWIM
Frequently asked questions
Is Latham Group Inc (SWIM) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $1.99 versus a price of $6.34, about −69% upside (overvalued).
What is the fair value of SWIM?
Our model-based fair value for Latham Group Inc is $1.99 (as of Sep 23, 2026), built from audited fundamentals. The current price: $6.34.
What is the quality score of SWIM?
Latham Group Inc has a Quality Score of 54/100. 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 Latham Group Inc (SWIM)?
Our model-based price target is the fair value of $1.99 (as of Sep 23, 2026) from 23 valuation models. Cautious scenario $1.27, optimistic scenario $2.49. It is a calculation from audited fundamentals, not an analyst target.
What is the Latham Group Inc stock forecast for 2026?
Our models put fair value at $1.99, about −69% upside versus a price of $6.34 (overvalued). Cautious scenario $1.27, optimistic scenario $2.49. The calculation is refreshed regularly with new filings.
What is the revenue of Latham Group Inc (SWIM)?
Latham Group Inc reported trailing-twelve-month revenue of about $552M (latest available figure, as of Sep 23, 2026).
What growth is priced into Latham Group Inc (SWIM)?
For today's price to be fair in a discounted-cash-flow model, Latham Group Inc would have to grow free cash flow by +30.1 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.2 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of SWIM use?
Our models discount Latham Group Inc at 13.1 %: a base by market capitalisation (small), damped by beta 1.66, 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 Latham Group Inc that is +30.1 % per year a year over ten years, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Latham Group Inc (SWIM) delivered so far?
Over the past 5 years revenue at Latham Group Inc grew +6.2 % a year. The price currently implies +30.1 % 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 Latham Group Inc (SWIM) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Latham Group Inc (+30.1 % 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 Latham Group Inc (SWIM)?
The free-cash-flow yield on the price is 3.43 %: that much free cash flow Latham Group Inc produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Latham Group Inc (SWIM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Latham Group Inc it is $1.99 per share (as of Sep 23, 2026), against a price of $6.34. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Latham Group Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SWIM trades above its calculated fair value: price $6.34, fair value $1.99, a gap of about −69% (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 SWIM?
No. The price is what the market pays today ($6.34); the fair value is what the company's own numbers justify ($1.99). For Latham Group Inc the two are $4.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is Latham Group Inc worth?
The market values Latham Group Inc at about $760M (market capitalisation, as of Sep 23, 2026). Per share that is $6.34; our models calculate a fair value of $1.99 per share.
What do the bullish and bearish scenarios say about SWIM?
Our models span a range for Latham Group Inc: cautious scenario $1.27, base $1.99, optimistic $2.49 per share (as of Sep 23, 2026, price $6.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SWIM?
Latham Group Inc trades at a price-to-earnings ratio of 90.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.99 is built from several models across several years. Other multiples: P/B 1.9, P/S 1.4, EV/EBITDA 11.5.
How solid is the balance sheet of Latham Group Inc (SWIM)?
Balance-sheet figures for Latham Group Inc (as of Sep 23, 2026): return on equity 2.2%, debt of 0.68 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is SWIM from its 52-week high?
Latham Group Inc trades at $6.34, about 21% below its 52-week high of $7.98 and 33% above the low of $4.76 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $1.99 is for.
Which stocks are comparable to Latham Group Inc?
From the same area (Industrials) we also value Trane Technologies plc, Johnson Controls International plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 Latham Group Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $6.34, calculated fair value $1.99 (−69%), Quality Score 54/100, from 23 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 SWIM calculated?
We run Latham Group Inc through 23 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 $1.99, 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 14.1 % above its aggregate fair value. Latham Group Inc 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 Latham Group Inc (SWIM)?
The closing price on Sep 23, 2026 was $6.34. Our model-based fair value is $1.99, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Latham Group Inc right now?
The price sits above even our optimistic bull case ($2.49). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($1.27 to $2.49) leaves room in how you read the outcome.
Key figures of Latham Group Inc
How large is the market capitalisation of Latham Group Inc (SWIM)?
The market capitalisation of Latham Group Inc is $760M. 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 Latham Group Inc (SWIM)?
The price-to-sales ratio of Latham Group Inc is 1.85 (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 Latham Group Inc (SWIM)?
Earnings per share at Latham Group Inc are $0.0700 (price ÷ EPS = P/E 90.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Latham Group Inc (SWIM)?
The net margin of Latham Group Inc is 2.0% (fiscal year 2025). 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 Latham Group Inc (SWIM)?
The return on equity (ROE) of Latham Group Inc is 2.2% (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 Latham Group Inc (SWIM)?
On an EBIT basis the return on assets of Latham Group Inc is 1.4% (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 Latham Group Inc (SWIM)?
The operating margin of Latham Group Inc is −3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Latham Group Inc (SWIM)?
Revenue at Latham Group Inc is growing +5.3% versus a year earlier (3y avg −7.8%). 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 Latham Group Inc (SWIM)?
Earnings per share at Latham Group Inc are growing +39.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Latham Group Inc (SWIM) carry?
The net debt of Latham Group Inc is $240M (fiscal year 2025, ≈ 9.2 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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Sep 23, 2026