Columbia Sportswear Co (COLM) is slightly undervalued and PVH Corp (PVH) is undervalued.
Against our estimates of intrinsic value, PVH trades at the wider discount: a margin of safety of +42%, against +10% for COLM.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.2% (average of 3 methods) values the shares at $64.79; the price of $58.43 is 10% below that value, and 75% of that value comes from beyond year five.
Leak Score 43/100 on 3 of 12 signals
Discounting its cash flows at 8.7% (average of 2 methods) values the shares at $131.87; the price of $75.89 is 42% below that value, and 77% of that value comes from beyond year five.
Leak Score 56/100 on 2 of 12 signals
| Metric | COLM | PVH |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $58.43 | $75.89 |
| Intrinsic value | $64.79 | $131.87 |
| Margin of safety | +10% | +42% |
| Leak Score | 43/100 (3/12) | 56/100 (2/12) |
| Market cap | $3.0B | $3.5B |
| Revenue growth, 5 years | 6.3% | 4.6% |
| Operating margin | 7.6% | 8.6% |
| Net margin | 6.0% | -1.9% |
| Return on equity | 12.7% | -3.5% |
| Debt to equity | 0.29 | 0.87 |
| P/E | 15.2x | — |
| Forward P/E | 13.9x | 6.1x |
| P/B | 1.9x | 0.7x |
| Dividend yield | 2.0% | 0.2% |