Aritzia Inc. (ATZ.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-68.8%

CA$47.08

vs CA$150.86 price

Levered DCF

CA$62.64

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

6.43

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	36.38×	36.02×	49.93×	24.44×	33.94×	170.28×	26.33×	23.09×
P/B	10.21×	6.96×	4.86×	6.68×	10.02×	9.31×	7.22×	4.88×
P/S	3.75×	2.78×	1.68×	2.09×	3.56×	3.91×	2.45×	2.09×
EV / EBITDA	18.15×	15.7×	13.76×	12.28×	15.55×	24.34×	11.66×	12.58×
Gross margin	44.1%	43.1%	38.5%	41.6%	43.8%	36.3%	41.1%	39.2%
Operating margin	14.2%	10.8%	6.8%	13.1%	15.8%	6.0%	15.5%	13.3%
Net margin	10.3%	7.6%	3.4%	8.5%	10.5%	2.2%	9.2%	9.0%
Current ratio	1.43×	1.44×	1.4×	1.47×	1.35×	1.43×	1.5×	2.6×
Debt / equity	0.73×	0.84×	1×	1.13×	0.95×	1.58×	1.76×	0.2×
Interest coverage	9.23×	6.04×	3.23×	9.19×	9.37×	1.8×	5.38×	24.08×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	28.1%	19.0%	9.8%	27.4%	29.6%	5.3%	27.3%	21.0%
Return on invested capital	16.4%	10.3%	6.6%	13.3%	15.0%	3.9%	11.6%	15.2%
Return on assets	12.2%	8.5%	4.0%	10.2%	11.0%	1.7%	8.7%	12.5%
Free cash flow yield	3.9%	2.6%	4.7%	-1.0%	5.1%	2.5%	7.4%	2.1%
Earnings yield	2.7%	2.7%	2.0%	4.1%	2.9%	0.6%	3.8%	4.3%
Enterprise value	CA$14.3B	CA$8.3B	CA$4.6B	CA$5.3B	CA$5.6B	CA$3.8B	CA$2.9B	CA$1.8B
Net debt / EBITDA	0.51×	1.2×	1.94×	1.6×	0.67×	2.71×	1.9×	-0.18×
Cash conversion cycle (days)	20	49	57	95	40	55	40	55