Signet Jewelers Limited SIG

Consumer DiscretionarySpecialty RetailersBermuda

Last close 119.95 USD on Nov 2, 2026, +46.8% year to date

Quant rating

Quant rating A Rank 7 of 297 in Consumer Discretionary

Growth C 129 of 297
Valuation B 93 of 297
Quality A 17 of 297
Revisions B 84 of 297
Momentum A 7 of 297

Wall Street consensus Buy (2.42)Average target 122.81 USD +2.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.6B
Enterprise value: 4.1B
52-week range: 71.62 – 122.49
3-year range: 46.42 – 122.49
Dividend yield: 1.19%
Beta (5 years): 1.07
Shares outstanding: 38.3M
Next earnings: Nov 30, 2026

About the company

Signet Jewelers Ltd is a Bermuda-based holding company. It is a retailer of diamond jewelry. It operates through its 100% owned subsidiaries with sales primarily in the United States (US), United Kingdom (UK) and Canada. It manages its business through three reportable segments: North America, International, and Other. The North America segment operates across the United States and Canada. Its United States stores operate nationally in malls and off-mall locations, as well as online, principally as Kay (Kay Jewelers and Kay Outlet), Zales (Zales Jewelers and Zales Outlet), Jared (Jared Jewelers and Jared Vault), Diamonds Direct, Banter by Piercing Pagoda, Rocksbox, and Digital brands, James Allen and Blue Nile. Its Canadian stores operate as Peoples Jewelers. The International segment operates stores in the United Kingdom and Republic of Ireland as well as online. The Other segment consists of subsidiaries involved in the purchasing and conversion of rough diamonds to polished stones.

Growth and profitability fiscal year ends January 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	6,814	6,704	7,171	7,842	7,826	–
Revenue growth	1.6%	−6.5%	−8.6%	0.2%	49.7%	5.4%
EPS (basic, normalized)	9.60	8.94	10.37	11.80	12.28	–
EPS growth	7.4%	−13.8%	−12.1%	−3.9%	–	–
Gross margin	39.5%	39.2%	39.4%	38.9%	39.9%	39.4%
Net margin	4.3%	−0.5%	10.8%	4.4%	9.4%	5.7%
ROE	15.4%	2.6%	32.1%	16.9%	38.0%	21.0%

Balance sheet, last quarter
Cash & short-term investments (mil)	527
Current ratio	1.64x
Long-term debt (mil)	0
Net debt (mil)	−527
Total equity (mil)	1,836
Net debt / equity	−0.29x
Net debt / EBITDA	−0.77x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	6,814	+1.6%	0.6x	687	+5.7%	5.9x	9.60	+7.4%	12.5x
2027	6,863	+0.7%	0.6x	754	+9.7%	5.4x	11.70	+21.8%	10.3x
2028	6,995	+1.9%	0.6x	812	+7.8%	5.0x	13.65	+16.7%	8.8x
2029	7,125	+1.9%	0.6x	745	−8.3%	5.5x	14.69	+7.6%	8.2x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	6,863	0.0%	+0.4%	+0.2%	11.70	−0.2%	+8.3%	+11.9%
2028	6,995	−0.1%	+0.7%	+0.5%	13.65	−0.7%	+12.8%	+15.3%
2029	7,125	0.0%	+1.2%	+1.2%	14.69	−2.9%	+12.0%	+12.3%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	1,511	1,491	1,349	2,353	1,542	1,535	1,392	2,345	1,554	1,528
Sales mean (mil)	1,514	1,502	1,368	2,332	1,520	1,502	1,370	2,342	1,552	1,530
Surprise	−0.2%	−0.7%	−1.3%	+0.9%	+1.4%	+2.2%	+1.6%	+0.1%	+0.1%	−0.1%
EPS reported	1.11	1.25	0.24	6.62	1.18	1.61	0.63	6.25	1.56	2.19
EPS mean	0.85	1.14	0.32	6.25	1.03	1.23	0.29	6.11	1.36	1.74
Surprise	+30.4%	+9.7%	−24.1%	+5.9%	+14.5%	+31.4%	+120.1%	+2.2%	+15.1%	+26.1%

Peer comparison Specialty Retailers

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SIG Signet Jewelers Limited	4.6B	−0.77x	4.3%	2.53x	10.3x	8.8x	5.4x	5.0x
ROST Ross Stores Inc	73.7B	−1.02x	9.4%	10.93x	27.7x	25.6x	17.6x	16.7x
ULTA Ulta Beauty Inc	27.3B	0.07x	9.3%	10.32x	22.0x	19.8x	13.7x	13.0x
TPR Tapestry, Inc.	24.0B	0.56x	19.1%	34.97x	15.2x	13.6x	11.3x	10.6x
BBY Best Buy Co., Inc.	20.2B	−0.42x	2.6%	6.35x	14.1x	13.3x	7.0x	6.8x
AS Amer Sports Inc	17.1B	0.35x	6.5%	2.49x	23.1x	18.7x	11.1x	9.4x
Mean		−0.20x	8.5%	11.27x	18.7x	16.6x	11.0x	10.2x
Median		−0.17x	7.9%	8.34x	18.6x	16.2x	11.2x	10.0x

Technical analysis

1M+19.6%
3M+29.5%
1Y+23.1%
3Y+78.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Signet Jewelers Limited, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	6,814	6,704	7,171	7,842	7,826	5,227
Cost of revenue	4,119	4,078	4,346	4,790	4,702	3,493
Gross profit	2,695	2,626	2,825	3,052	3,124	1,734
Selling, general & administrative expenses	2,173	2,123	2,198	2,215	2,231	1,587
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	0	0	−6.5	–
Unusual expense (income)	118	384	1.5	−181	−0.1	214
Other operating expenses	10.2	8.8	4.9	414	−3.7	−9.9
Operating income	393	111	621	605	903	−57.7
Net interest income (expense)	4.0	9.8	18.7	−13.5	−16.9	−32.0
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	1.0	3.7	−0.2	−140	−2.1	0
Net income before taxes	398	124	640	451	884	−89.7
Provision for taxes	104	63.0	−171	74.5	114	−74.5
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	294	61.2	810	377	770	−15.2
Extraordinary items	–	–	–	–	–	–
Net income	294	61.2	810	377	770	−15.2
EBIT, normalized	515	500	645	450	904	157
EBITDA, normalized	663	648	807	614	1,068	333
Basic EPS, normalized	9.60	8.94	10.37	11.80	12.28	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Signet Jewelers Limited, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	875	604	1,379	1,167	1,418	1,172
Receivables	18.7	14.3	18.8	24.1	41.5	135
Total inventory	1,940	1,937	1,937	2,150	2,060	2,032
Prepaid expenses	–	–	–	–	–	–
Other current assets	190	157	202	166	210	242
Total current assets	3,024	2,712	3,537	3,507	3,730	3,582
Property, plant & equipment	1,645	1,609	1,500	1,636	1,782	1,968
Goodwill	428	482	754	752	485	238
Intangibles	286	307	403	407	314	179
Long-term investments	5.4	5.2	7.8	9.6	12.3	15.4
Note receivable	–	–	–	–	–	–
Other long-term assets	563	611	612	309	251	197
Total assets	5,952	5,727	6,813	6,620	6,575	6,179
Liabilities
Accounts payable	772	767	735	879	900	813
Payable/accrued	–	–	–	–	–	–
Accrued expenses	630	604	593	887	771	819
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	0	148	–	–	0
Other current liabilities	486	460	500	482	400	367
Total current liabilities	1,889	1,832	1,976	2,248	2,071	1,999
Long-term debt	0	0	0	147	147	147
Minority interest	–	–	–	–	–	–
Other liabilities	2,097	2,043	2,015	1,992	2,141	2,201
Total liabilities	3,986	3,875	3,991	4,388	4,359	4,346
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	12.6	12.6	12.6	12.6	12.6	12.6
Additional paid-in capital	120	120	231	260	231	259
Retained earnings (accumulated deficit)	3,987	3,746	3,835	3,145	2,878	2,190
Treasury stock	−1,935	−1,749	−1,647	−1,575	−1,207	−980
Other equity	−219	−278	390	390	301	352
Total equity	1,966	1,852	2,822	2,232	2,216	1,833
Total liabilities & shareholders' equity	5,952	5,727	6,813	6,620	6,575	6,179

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Signet Jewelers Limited, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	294	61.2	810	377	770	−15.2
Depreciation, depletion & amortization	148	148	162	164	164	176
Deferred taxes	20.6	−30.7	−180	−99.3	0.1	142
Non-cash items	124	397	45.9	204	48.8	184
Changes in working capital	92.5	15.1	−291	152	275	886
Cash from operations	679	591	547	798	1,257	1,372
Investing activities
Capital expenditures	−154	−153	−126	−139	−130	−83.0
Other investing cash flows	−4.0	−6.1	49.7	−406	−513	5.2
Cash from investing	−158	−159	−75.8	−545	−643	−77.8
Financing activities
Financing cash flow items	−7.7	−32.8	−47.6	−44.4	−11.2	−14.0
Cash dividends paid	−51.9	−67.1	−72.8	−69.5	−43.6	−27.2
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−205	−1,100	−139	−376	−312	−457
Cash from financing	−265	−1,200	−260	−490	−367	−499
Foreign exchange effects	14.3	−7.0	0.5	−14.0	−2.2	2.1
Net change in cash	271	−775	212	−252	246	798
Free cash flow	525	438	421	659	1,128	1,289

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.