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⚠️ Not investment advice. Past performance does not guarantee future results.
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Victorias Secret & VSXY

United StatesConsumer Cyclical · Apparel RetailUSD
6.0AI score
Rank 1,037 of 2,130
better than 51% of companies
85.79USD
▲ 203.7% in one year
VSXY MSCI World +22.1%
Average analyst target
92.45 USD (+7.8%)
11 analysts
52-wk low 28.15High 102.46
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Victorias Secret & Co. is a specialty retailer of lingerie, sleepwear, and beauty products, operating physical stores and an online sales channel under brands such as Victoria's Secret and PINK.

Key points

from its scores
  • ✓Good share-price trend9.8
  • ✓Strong growth8.4
  • ✓Attractive valuation7.3
  • ✕Little or no dividend1.5
  • ✕Unfavourable risk and backdrop2.0

AI analysis

bottom line, main risk, context and news
Bottom line

Strong momentum (167.79% over 12 months) and reasonable valuation support the thesis, but watch leverage and the sustainability of growth.

Victorias Secret shows a solid financial profile with a 46.91% ROE, 37.75% gross margin, and 990% earnings growth, though its 3.23x EBITDA net debt and 7.82% operating margin limit financial health; valuation is attractive with a 15.27 forward P/E and 0.44 PEG.

⚠ Main risk

The 3.23x EBITDA leverage in a rising US rate environment could pressure cash flow if discretionary consumer spending weakens.

Context and risks

No recent relevant news. The macro context of rising US rates has limited impact: net debt is 3.23x EBITDA, but the discretionary retail business is not long-duration or energy-intensive, so the impact of rates and oil is marginal and already reflected in quantitative metrics.

Is Victorias Secret & stock cheap or expensive?

at the analysis date
In line with its sector

On P/E and EV / EBITDA, it trades in line with the Consumer Cyclical median (within 15%).

MultipleCompanySectorDifference
P/E19.117.8+7%
EV / EBITDA12.611.2+12%
Price / book8.62.9+199%
Price / sales1.01.3−21%

Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.

Valuation score: 7.3 out of 10 (median for Consumer Cyclical: 6.6).

Average analyst target: 92.45 USD, +7.8% versus the price.

Indicative fair value · USD
Graham127.68▲ +49% vs price
Cash flow (DCF)99.24▲ +16% vs price
Price85.79at the analysis date

Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy VSXYCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderAvailable in your country · US (NYSE/Nasdaq) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiWeak4.6Consumer Cyclical median: 5.7
Quality / MoatiFair6.8Consumer Cyclical median: 5.7
ValuationiGood7.3Consumer Cyclical median: 6.6
GrowthiGood8.4Consumer Cyclical median: 5.9
DividendiPoor1.5Consumer Cyclical median: 4.5
MomentumiExcellent9.8Consumer Cyclical median: 5.5
Risk & ContextiPoor2.0Consumer Cyclical median: 5.5
Consumer Cyclical median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Consumer Cyclical median
P/Ei
19.1
Consumer Cyclical: 17.8above
EV / EBITDAi
12.6
Consumer Cyclical: 11.2above
ROEi
46.9%
Consumer Cyclical: 16.0%above
Operating margini
7.8%
Consumer Cyclical: 10.5%below
Net debt / EBITDAi
3.23
Consumer Cyclical: 1.91above
Revenue growthi
+10.4%
Consumer Cyclical: +5.3%above

Valuation

P/E
19.1
Forward P/E
15.3
EV / EBITDA
12.6
Price / book
8.6
Price / sales
1.0
PEG
0.44
Market cap
6.8B USD
Enterprise value
9.3B USD

Profitability

ROE
46.9%
ROA
6.5%
ROIC (approx.)
14.6%
Gross margin
37.8%
Operating margin
7.8%
Net margin
5.5%
Free cash flow
336.5M USD
FCF yield
4.9%
Cash conversion
46%

Solvency

Total debt
2.9B USD
Net debt
2.4B USD
Cash
522.0M USD
EBITDA
735.0M USD
Net debt / EBITDA
3.23
Debt / equity
275.83
Current ratio
1.36
Quick ratio
0.48

Growth

Revenue growth
+10.4%
Earnings growth
+990.0%
EPS (TTM)
4.48 USD
EPS (forward)
5.62 USD

Dividend

Dividend yield
0.0%
Payout
0.0%

Risk and market

Beta
2.01
Analyst consensus
Buy (11)
Target price
92.45 USD
52-week range
28.15 – 102.46

Compare it with its sector

All 228 in Consumer Cyclical →
See the full ranking with filters →

Keep browsing the ranking

sorted by score, highest first

Frequently asked questions about Victorias Secret &

Is Victorias Secret & stock cheap or expensive?

On P/E and EV / EBITDA, it trades in line with the Consumer Cyclical median (within 15%). Valuation score: 7.3 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 92.45 USD, +7.8% versus the price. This is not investment advice.

What score does Victorias Secret & get on MeridIAn Screener?

It scores 6.0 out of 10, rank 1,037 of 2,130 (better than 51% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (1.5). Analysis of 08/10/2026.

What is Victorias Secret &'s P/E ratio?

Its P/E is 19.1: the share price equals 19.1 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 15.3.

How much is Victorias Secret & worth on the stock market?

Its market capitalisation is 6.8B USD and its enterprise value, debt included, is 9.3B USD.

How much debt does Victorias Secret & have?

Its net debt (debt minus cash) is 2.4B USD. That is 3.23 times its EBITDA; the Consumer Cyclical median is 1.91.

Does Victorias Secret & pay a dividend?

It pays no dividend, or almost none.

How has Victorias Secret & stock performed over the last year?

It has risen 203.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 28.15 and 102.46 USD. Past performance does not guarantee future results.

What do analysts think of Victorias Secret &?

11 analysts cover it; their average recommendation is “Buy” and their average target is 92.45 USD (+7.8% versus the price). It is an estimate, not market data.