Stocktoria
H & M Hennes & Mauritz AB (publ) HM-B.ST
H & M Hennes & Mauritz AB (publ) statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (kr 72.26); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
H & M Hennes & Mauritz AB (publ) trades at about 21.2× earnings — below its 10-year norm (10-year range 20.7×–51.9×, median 32.9×).
Shaded band = 10-year range (20.7×–51.9×); dot = today's 21.2×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Gross margin | 53.4% | 53.4% | 51.2% | 50.7% |
| Operating margin | 8.1% | 7.4% | 5.7% | 3.3% |
| Net margin | 5.3% | 5.0% | 3.7% | 1.6% |
| FCF margin | 9.0% | 8.7% | 10.6% | 8.4% |
| Return on assets | 7.1% | 6.4% | 4.8% | 2.0% |
| Return on equity | 28.3% | 25.2% | 18.4% | 7.0% |
| Debt / equity | 0.43× | 0.31× | 0.30× | 0.19× |
| Current ratio | 1.18 | 1.14 | 1.19 | 1.16 |
Computed from company filings · SE · as of 2025-11-30. Figures in SEK. Facts plus Stocktoria's own computed scores — not investment advice.