QualityDipStocks / Consumer Discretionary · Apparel
Levi Strauss & Co LEVI
Outside our quality screen, so we don’t track its dips. It’s 10% below its 52-week high.
Outside our quality screen, trading below our fair value estimate, 14% over its Market Value.
- Fair value est.
- $26.08+13%
- Market Value
- $20.26price +14%
- Off 52-wk high
- −10%
- Risk vs market
- Above marketbeta 1.15
5 bullish · 2 bearish See why
Repriced or dip?
Near its high
The price is 10% below its 52-week high (Jul 27), but the business held up: free cash flow +15.0%, operating margin +0.7 pts, shares outstanding more shares, each owns less.
Some numbers held up (free cash flow +15.0%, operating margin +0.7 pts, shares outstanding more shares, each owns less), others slipped (earnings per share −8.0%). The price is 10% below its 52-week high.
The price is 10% below its 52-week high, and the business changed too: earnings per share −8.0%.
Within 10% of its 52-week high, so there is no dip to judge yet.
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($25.53, Jul 27) the price assumed about 5%/yr free-cash-flow growth; at the low ($17.91, Mar 13) about 10%; today about 1%. The last 3 years delivered 1%/yr (revenue).
Dashed line: what the last 3 years delivered, 1%/yr (revenue)
| High | Low | Now | |
|---|---|---|---|
| Price | $25.53Jul 27 | $17.91Mar 13 | $23.03 |
| Implied growth | +5% | +10% | +1% |
| P/E | 15.6× | 12.4× | 15.3× |
| P/FCF | 17.8× | 23.2× | 14.0× |
| EV/Sales | — | 1.2× | — |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, LEVI’s free cash flow would need to grow about 1% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much LEVI moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings more than the market, and its own price swings are 2.6× the S&P 500’s.
- Beta vs S&P 500
- 1.15
- Volatility
- 33% vs 13% SPY
- Correlation SPY
- 0.44
- Correlation QQQ
- 0.32
How it ranks
Where LEVI stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 5 measures
- Discount to fair value estimate13% · price below our base caseTop 37%of 1,314
- Free cash flow yield7.1% · free cash flow vs market capTop 23%of 1,391
- Dividends + buybacks yield2.5% · cash paid out or used to retire shares, vs market capLowest 47%of 1,836
- Revenue growth, last 12 months+6.6% · vs the 12 months beforeLowest 36%of 1,814
- Operating margin11% · of sales kept as operating profitLowest 47%of 1,288
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $26.08 · MV $20.26 · FCF value $22.24
Assumes 3.0% growth for 5 years (revenue grew 0.6% a year FY22–FY25; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $1.65 a share (trailing 12 months to Aug 30, 2026), from the 10-Q filed Oct 7, 2026. Net debt $264M, not deducted.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
GrowthDiluted EPS grew 179% to $1.45 in FY2025.
ValuationOur DCF fair value estimate is $26.08, 13% above the price.
Cash returnsFree cash flow grew 98% over the last 12 months vs the 12 months before.
ValuationFree-cash-flow yield of 7.1% (price / FCF 14.0×): $643M of free cash in the last 12 months.
ValuationP/E of 15.3× vs a 20.7× median for the 341 Consumer Discretionary companies we cover.
Top bearish points 2 of 5
GrowthSales grew 0.6% a year over the last three fiscal years, below the 5.4% median for the 380 Consumer Discretionary companies we cover.
ValuationTrades 13.7% above its Market Value of $20.26, the average price paid since the Oct 7 filing.
All fundamentals
P/E 15.3 · FCF yield 7.1% · Sales +7%
Valuation
- P/E
- 15.3×Consumer Discretionary median 20.7×
- Price / FCF
- 14.0×
- FCF yield
- 7.1%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 1.35×
- Price / book
- n/anot reported in its SEC filings
- Market cap
- $9.0Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $6.7B
- Sales growth, 12 months
- +6.6%vs the 12 months before
- Sales growth, 3 yrs
- +0.6%/yrfrom FY2022
- Diluted EPS, 12 months
- $1.50
- EPS growth, last FY
- +178.8%
- Net income, 12 months
- $590M
- Net income growth
- −2%12 months vs before
Profitability
- Gross margin
- 62.8%
- Operating margin
- 11.3%
- Net margin
- 8.8%
- FCF margin
- 9.6%
- Return on equity
- n/anot reported in its SEC filings
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- n/anot reported in its SEC filings
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 14.4×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $643M
- FCF growth, 12 months
- +98%
- Dividend yield
- 2.49%$224M paid
- Payout ratio
- 38%
- Buybacks, 12 months
- $0
- Share count, 1 year
- −2.2%diluted shares vs a year ago
- Stock-based comp
- $73M
Trailing 12 months to Aug 30, 2026. From Levi Strauss & Co’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.3B · Sales +4%
- Free cash flow, 12 months$0.3B
- Free-cash-flow yield7.1%
- Free-cash-flow margin5%
- Gross margin62%
- Operating margin10%
- Return on invested capital25%
- Return on equity26%
- Sales growth (latest quarter vs year-ago quarter)+4%
- Net debt / EBITDA1.6×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $23.03
- 52-wk lowlowest close, 1 year$17.91−22.2%
- Market Valueavg paid since Oct 7$20.26−12.0%
- PriceMon Nov 2 close$23.03you are here
- 52-wk highhighest close, 1 year$25.53+10.9%
- Fair value est.base case$26.08+13.3%
Momentum & 52-week range
RSI 72 · 5 days +5.4%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
LEVI is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Levi Strauss & Co in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Apparel
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.