Signet Jewelers Ltd (SIG) is undervalued and Tapestry Inc (TPR) is fairly valued.
Against our estimates of intrinsic value, SIG trades at the wider discount: a margin of safety of +27%, against -2% for TPR.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.2% (average of 3 methods) values the shares at $137.56; the price of $100.42 is 27% below that value, and 75% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 10.9% (average of 3 methods) values the shares at $110.92; the price of $112.59 is 2% above that value, and 70% of that value comes from beyond year five.
Leak Score 67/100 on 10 of 12 signals
| Metric | SIG | TPR |
|---|---|---|
| Verdict | Undervalued | Fairly valued |
| Price | $100.42 | $112.59 |
| Intrinsic value | $137.56 | $110.92 |
| Margin of safety | +27% | -2% |
| Leak Score | 100/100 (3/12) | 67/100 (10/12) |
| Market cap | $3.8B | $22.4B |
| Revenue growth, 5 years | 5.5% | 6.8% |
| Operating margin | 7.4% | 24.0% |
| Net margin | 5.2% | 19.1% |
| Return on equity | 19.9% | 197.1% |
| Debt to equity | 0.67 | 5.71 |
| P/E | 11.6x | 15.5x |
| Forward P/E | 7.3x | 12.6x |
| P/B | 2.1x | 32.6x |
| Dividend yield | 1.4% | 1.6% |