Levi Strauss & Co (LEVI) is fairly valued 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 +5% for LEVI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $21.08; the price of $20.06 is 5% below that value, and 73% 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 | LEVI | PVH |
|---|---|---|
| Verdict | Fairly valued | Undervalued |
| Price | $20.06 | $75.89 |
| Intrinsic value | $21.08 | $131.87 |
| Margin of safety | +5% | +42% |
| Leak Score | 43/100 (3/12) | 56/100 (2/12) |
| Market cap | $7.7B | $3.5B |
| Revenue growth, 5 years | 7.1% | 4.6% |
| Operating margin | 11.6% | 8.6% |
| Net margin | 7.3% | -1.9% |
| Return on equity | 25.4% | -3.5% |
| Debt to equity | 1.01 | 0.87 |
| P/E | 16.4x | — |
| Forward P/E | 11.7x | 6.1x |
| P/B | 3.4x | 0.7x |
| Dividend yield | 3.0% | 0.2% |