# Victorias Secret & Co. (VSXY) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Cyclical / Specialty Retail. Price $100.53, market value $8.0 billion.

## Valuation
- **P/E (trailing): 22.4×** (5-yr avg 16.5×, 3-yr avg 21.8×). Victorias Secret & Co. trades at 22.4× trailing earnings, well above its own five-year average of 16.5×: investors are paying up relative to the company's past. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 17.7×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.2×**. Each dollar of revenue is priced at 1.2×.
- **Price / book: 8.1×**. The shares trade at 8.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 11.1×**. Enterprise value is 11.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 6.9%** (5-yr avg 8.7%). Free cash flow equals 6.9% of the market value, below its five-year average of 8.7%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 4.5%**. The inverse of the P/E: 4.5% of the price is earned each year.

## Profitability
- **Gross margin: 39.6%**. Victorias Secret & Co. keeps 39.6% of revenue after the direct cost of what it sells.
- **Operating margin: 7.9%**. 7.9% of revenue is left after running the business.
- **Net margin: 2.5%**. 2.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.8%**. 18.8% on shareholders' equity is solid.
- **Return on invested capital: 32.7%**. Return on all capital, debt included, is 32.7%: comfortably above what that capital costs.
- **Return on assets: 7.5%**. Each dollar of assets produces 7.5% of profit.

## Growth
- **Revenue growth (1 yr): 5.2%** (3-yr 1.1%/yr, 5-yr 3.9%/yr). Revenue grew 5.2% over the last year, against 3.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -5.9%** (3-yr -22.5%/yr). Earnings per share fell 5.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 4.6%/yr**. Free cash flow has compounded at 4.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 1.14**. Debt is 1.14 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 0.6×**. It would take 0.6 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.25** (quick 1.25). Current assets cover the next year's liabilities 1.25 times.
- **Altman Z-score: 2.99**. A Z-score of 2.99 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Victorias Secret & Co. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Victorias Secret & Co.; the consensus is buy, with an average price target of $94.33 (-6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 179.6%** (YTD 81.9%, 3-mo 10.6%). The shares are up 179.6% over twelve months including dividends.
- **From 52-week high: -1.9%** (199.1% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 63**. An RSI of 63 is neutral.
- **Beta (1 yr): 1.41** (volatility 75%). Beta of 1.41 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=VSXY · Page: https://foliofundamentals.com/stocks/vsxy

Not investment advice.