Urban Outfitters, Inc. (URBN) 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

-66.6%

$29.92

vs $89.49 price

Levered DCF

$31.54

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

4.72

Safe zone

Rating

Overall 4 / 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	13.76×	12.77×	12.26×	16.02×	9.06×	2,153.17×	15.24×	11.75×
P/B	2.27×	2.08×	1.67×	1.42×	1.61×	1.8×	1.76×	2.35×
P/S	1.04×	0.93×	0.68×	0.53×	0.62×	0.77×	0.64×	0.89×
EV / EBITDA	9.99×	9.56×	8.99×	10.68×	7.42×	32.4×	10.46×	6.21×
Gross margin	36.0%	34.7%	33.5%	29.8%	32.8%	25.0%	31.1%	34.1%
Operating margin	9.8%	8.5%	7.5%	4.7%	9.0%	0.1%	5.8%	9.7%
Net margin	7.5%	7.3%	5.6%	3.3%	6.8%	0.0%	4.2%	7.5%
Current ratio	1.51×	1.39×	1.29×	1.39×	1.31×	1.35×	1.65×	3.11×
Debt / equity	0.44×	0.44×	0.51×	0.62×	0.68×	0.9×	0.93×	0×
Interest coverage	0×	78.06×	50.65×	172.34×	370.08×	1.17×	192.95×	217.77×
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	16.5%	16.3%	13.6%	8.9%	17.8%	0.1%	11.6%	20.0%
Return on invested capital	11.5%	10.4%	8.7%	5.4%	10.3%	0.0%	5.6%	16.6%
Return on assets	9.3%	8.9%	7.0%	4.3%	8.2%	0.0%	5.1%	13.8%
Free cash flow yield	4.9%	6.2%	8.8%	-2.2%	3.4%	4.8%	2.2%	9.5%
Earnings yield	7.3%	7.8%	8.2%	6.3%	11.0%	0.0%	6.6%	8.5%
Enterprise value	$7.2B	$5.9B	$4.4B	$3.5B	$3.8B	$3.6B	$3.7B	$3.1B
Net debt / EBITDA	1.18×	1.3×	1.83×	2.82×	1.92×	8.43×	3.22×	-0.71×
Cash conversion cycle (days)	40	38	36	41	37	31	40	39