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TAPESTRY, INC. TPR

NYSE · stock · Leather & Leather Products · website · IPO 2000-10-05 · LEI

TAPESTRY, INC. statistics & valuation

P / E19.3×
P / S3.7×
P / B42.6×
P / FCF16.3×
Net margin19.1%
FCF margin22.6%
Net debt$1.4B
Net debt / EBITDA0.7×
Enterprise value USD$30.9B
EV / EBITDA14.8×
Earnings yield EBIT/EV6.2%
Return on capital37.9%
Graham number -79.6%$23.21

Market cap as of 2026-06-29. 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 ($23.21); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
13.20% 6.80% 10.70% -13.10% 14.50% 12.80% 14.10% 12.20% 2.60% 19.10% 2017201820192020202120222023202420252026
Gross margin (%)
68.60% 65.50% 67.30% 65.30% 71.00% 69.60% 70.80% 73.30% 75.40% 77.80% 2017201820192020202120222023202420252026
Operating margin (%)
17.50% 11.40% 13.60% -11.10% 16.80% 17.60% 17.60% 17.10% 5.90% 23.90% 2017201820192020202120222023202420252026
Return on equity (%)
19.70% 12.30% 18.30% -28.60% 25.60% 37.50% 41.10% 28.20% 21.40% 220.70% 2017201820192020202120222023202420252026
Shares outstanding
282.8M 288.6M 290.8M 278.6M 283.0M 270.1M 241.3M 233.2M 222.5M 210.2M 2017201820192020202120222023202420252026
Net debt ($)
-$1.07B $374.0M $647.5M $173.7M -$407.7M $879.0M $917.7M $861.4M $1.30B $1.42B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
10.10% 6.00% 9.40% -8.20% 10.00% 11.80% 13.20% 6.10% 2.80% 22.80% 2017201820192020202120222023202420252026
Free cash flow margin (%)
12.70% 12.40% 8.60% 4.10% 21.00% 11.40% 11.90% 17.20% 15.60% 22.60% 2017201820192020202120222023202420252026
Debt / equity (×)
0.53× 0.50× 0.46× 0.70× 0.49× 0.73× 0.72× 2.42× 2.79× 3.46× 2017201820192020202120222023202420252026
EPS ($)
$2.09 $1.38 $2.21 -$2.34 $2.95 $3.17 $3.88 $3.50 $0.82 $7.27 2017201820192020202120222023202420252026

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

TAPESTRY, INC. trades at about 15.7× earnings — below its 10-year norm (10-year range 10.6×–131.7×, median 21×).

10.6× 131.7×

Shaded band = 10-year range (10.6×–131.7×); dot = today's 15.7×.

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)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin77.8%75.4%73.3%70.8%69.6%71.0%65.3%67.3%65.5%68.6%
Operating margin23.9%5.9%17.1%17.6%17.6%16.8%-11.1%13.6%11.4%17.5%
Net margin19.1%2.6%12.2%14.1%12.8%14.5%-13.1%10.7%6.8%13.2%
FCF margin22.6%15.6%17.2%11.9%11.4%21.0%4.1%8.6%12.4%12.7%
Return on assets22.8%2.8%6.1%13.2%11.8%10.0%-8.2%9.4%6.0%10.1%
Return on equity220.7%21.4%28.2%41.1%37.5%25.6%-28.6%18.3%12.3%19.7%
Debt / equity3.46×2.79×2.42×0.72×0.73×0.49×0.70×0.46×0.50×0.53×
Current ratio1.751.875.141.841.752.371.472.792.595.24

Computed from company filings · US · as of 2026-06-27. Facts plus Stocktoria's own computed scores — not investment advice.