Ermenegildo Zegna N.V (ZGN) Fair Value & Analysis
Consumer Cyclical · US · Market cap $3.6B
Ermenegildo Zegna N.V
ZGN · US
Fair value as of: Jul 13, 2026
From 26 valuation models · updated 27 days ago
Fair value updated Jul 13, 2026, revised from $7.77 to $8.87 (+14.2%) since Jun 24, 2026. Share price +11.6% over the past month.
A solid business, but screening 41% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($11.08). The favourable scenario is already priced in.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.
How to read this chart
60‑month range $6.02 – $15.43 · fair‑value band $6.17 – $11.08 · the $14.91 price screens above the $8.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.
Analysis
Ermenegildo Zegna N.V (ZGN) currently trades at $14.91, while our model-based Fair Value estimate is $8.87, implying the stock looks roughly 40.5% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical 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).
Over the trailing twelve months, Ermenegildo Zegna N.V generated revenue of $1.9B at a net margin of 5.1%. Revenue grew 0.3% year over year. It earns a return on equity of 10.5%. Net debt stands at $757M. Fundamentals as of Jul 13, 2026
Our scenario range runs from $6.17 (bear case) to $11.08 (bull case); at $14.91, the current price sits above 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 near its 52-week high and 96% 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 -41%, ZGN screens richer 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.
All 26 models by family
Widest divergence: DCF Models ($10.78) versus Dividend Discount ($1.50). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 83
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
Ermenegildo Zegna N.V., together with its subsidiaries, designs, produces, markets, and distributes luxury menswear and womenwear, children's clothing, footwear, leather goods, and other accessories worldwide.
Full company description
Ermenegildo Zegna N.V., together with its subsidiaries, designs, produces, markets, and distributes luxury menswear and womenwear, children's clothing, footwear, leather goods, and other accessories worldwide. It offers luxury leisurewear, such as knitwear, jeans, jersey and shirts, fabric and leather outerwear, and accessories; formalwear, including formal suits to tuxedos, shirts, blazers, formal coats, and accessories; and leather accessories comprising sneakers and other shoes, bags, belts and small leather accessories. The company is also manufacturing and distributing eyewear, cufflinks and jewelry, beachwear, underwear, and fragrances. In addition, it offers fine jewelry, childrenswear, textile, and home design products. The company sells its products under the ZEGNA, Thom Browne, and TOM FORD FASHION brands. It serves its products through retail stores and online channels. The company was founded in 1910 and is based in Milan, Italy. Ermenegildo Zegna N.V. operates as a subsidiary of Monterubello Societa' Semplice.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ermenegildo Zegna N.V reported revenue of $1.8B in FY2025 versus $1.3B in FY2021, a compound +9.3%/yr. Reported net income was $94.7M in FY2025.
ZGN screens 41% overvalued. Compare with H & M Hennes & Mauritz AB →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- URBN or ZGN: Which Is the Better Value Stock Right Now?
- Ermenegildo Zegna Q2 Earnings Call Highlights
- Ermenegildo Zegna flat in premarket trade after H1 revenue tops estimates
- Ermenegildo Zegna Group Records Double-Digit Revenue Growth in Q2 2026 With Accelerating DTC Momentum1
Peer Group
Apparel Manufacturing · 212 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.
Valuation Multiples vs Apparel Manufacturing median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| H & M Hennes & Mauritz AB HMB | kr 163.45 | kr 165.47 | +1% |
| Ralph Lauren Corporation RL | $374.08 | $224.21 | -40% |
| Moncler S.p.A MONC | €52.08 | €50.69 | -3% |
| LPP SA LPP | 19,380 PLN | 17,754 PLN | -8% |
| Bosideng International Holdings 3998 | HK$4.88 | HK$5.92 | +21% |
| Youngor Fashion Co 600177 | ¥7.57 | ¥5.59 | -26% |
| Page Industries Limited PAGEIND | ₹39,900 | ₹12,395 | -69% |
| Hla Group 600398 | ¥6.05 | ¥9.92 | +64% |
| Eclat Textile Co 1476 | 333.50 TWD | 357.81 TWD | +7% |
| Youngone Corporation 111770 | 87,600 KRW | 196,629 KRW | +124% |
Compare Ermenegildo Zegna N.V with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Frequently asked questions
Is Ermenegildo Zegna N.V (ZGN) overvalued or undervalued?
What is the fair value of ZGN?
What is the quality score of ZGN?
What is the revenue of Ermenegildo Zegna N.V (ZGN)?
What is the net profit margin of ZGN?
Does Ermenegildo Zegna N.V pay a dividend?
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.
Track Ermenegildo Zegna N.V and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.