Lands' End, Inc. (LE) 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

-128.9%

-$2.79

vs $9.67 price

Levered DCF

$4.13

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.96

Safe zone

Rating

A+

Overall 5 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	98.67×	62.25×	-2.32×	-23.76×	18.15×	80.73×	19.42×	49.72×
P/B	2.23×	1.62×	1.25×	0.79×	1.48×	2.35×	1.08×	1.79×
P/S	0.41×	0.29×	0.21×	0.19×	0.37×	0.61×	0.26×	0.4×
EV / EBITDA	10.36×	7.49×	-12.33×	9.92×	7.24×	15.01×	9.6×	13.09×
Gross margin	46.4%	47.9%	42.5%	38.2%	42.2%	42.4%	42.9%	42.4%
Operating margin	3.3%	3.7%	-5.3%	1.6%	4.9%	2.9%	3.1%	2.9%
Net margin	0.4%	0.5%	-8.9%	-0.8%	2.0%	0.8%	1.3%	0.8%
Current ratio	1.61×	1.63×	1.58×	1.87×	1.63×	1.57×	1.92×	2.44×
Debt / equity	1.01×	1.1×	1.15×	0.98×	0.72×	0.9×	1.25×	1.5×
Interest coverage	1.21×	1.26×	-1.61×	0.62×	2.32×	1.48×	1.75×	1.47×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.3%	2.6%	-54.1%	-3.3%	8.2%	2.9%	5.5%	3.6%
Return on invested capital	5.8%	5.4%	-13.5%	2.6%	7.7%	4.7%	4.8%	4.9%
Return on assets	0.7%	0.8%	-16.1%	-1.2%	3.2%	1.0%	1.7%	1.0%
Free cash flow yield	3.7%	4.0%	31.6%	-22.8%	7.5%	7.1%	-3.1%	0.6%
Earnings yield	1.0%	1.6%	-43.2%	-4.2%	5.5%	1.2%	5.1%	2.0%
Enterprise value	$773M	$634.9M	$555.6M	$633.2M	$861.5M	$1.2B	$735M	$865.2M
Net debt / EBITDA	3.06×	2.91×	-5.61×	5.24×	2.17×	3.84×	4.68×	4.37×
Cash conversion cycle (days)	90	92	82	107	103	120	109	95