SIGNET JEWELERS LTD (SIG)

Retail-Jewelry Stores

Latest Price

$99.87

TTM P/E

11.57

Normalized P/E

13.71

Div Yield

1.02%

Book Value

46.47

P/B Ratio

2.15

Valuation metrics

EPS: $7.08

Book value / share: $48.67

Formula: √(22.5 × EPS × BVPS)

Graham Number

$88.05

12% downside

Norm. op. income: $393M (median of 7yr)

Tax rate: 19%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$100.80

+1% upside

Base FCF: $525M (median of recent 5yr)

Growth: -4%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$134.51

+35% upside

EPS: $7.08

Target P/E: 14×

Formula: EPS × P/E

P/E Fair Value

$99.12

1% downside