Upside case
Bull case
$35+48.4%
LEVI would need investors to value it at roughly 23x earnings — about 8x more generous than today's 16x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
Levi Strauss & Co. (LEVI) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
17
analysts
14 bullish · 0 bearish · 17 covering LEVI
Strong Buy
0
Buy
14
Hold
3
Sell
0
Strong Sell
0
Consensus Target
$28
+17.1% vs today
Scenario Range
$17 – $35
Model bear to bull value window
Coverage
17
Published analyst ratings
Valuation Context
15.8x
Forward P/E · Market cap $9.3B
LEVI price targets
Three scenarios for where LEVI stock could go
Current
~$24
Confidence
56 / 100
Updated
Jun 18, 2026
Where we are now
Current · $24
Bear
$17
Base
$27
Bull
$35
Market caseClosest to today
Base case
$27+12.7%
At 18x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$17-29.0%
If investor confidence fades or macro conditions deteriorate, a 5x multiple contraction could push LEVI down roughly 29% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Levi Strauss & Co.
LEVI · NYSEConsumer CyclicalApparel - ManufacturersNovember year-end
Levi Strauss & Co. is a global denim and casual apparel company best known for its iconic Levi's jeans. It generates revenue primarily through wholesale distribution to retailers (~60% of sales) and direct-to-consumer sales through its own stores and e-commerce (~40%), supplemented by licensing income from its brand trademarks. The company's enduring moat lies in its century-old brand heritage—the Levi's name is synonymous with denim—and its global retail footprint of over 3,000 brand-dedicated locations.
Market Cap
$9.3B
Revenue TTM
$6.3B
Net Income TTM
$578M
Net Margin
9.2%
LEVI Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
42%Exceptional
vs consensus estimates
Avg EPS Surprise
+21.7%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$0.22/$0.13
Revenue
$1.4B/$1.4B
Q4 2025
EPS
$0.34/$0.31
Revenue
$1.5B/$1.5B
Q1 2026
EPS
$0.41/$0.39
Revenue
$1.8B/$1.7B
Q2 2026
EPS
$0.42/$0.37
Revenue
$1.7B/$1.6B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $0.22/$0.13 | +64.1% | $1.4B/$1.4B | +5.6% |
| Q4 2025 | $0.34/$0.31 | +11.1% | $1.5B/$1.5B | +3.0% |
| Q1 2026 | $0.41/$0.39 | +5.1% | $1.8B/$1.7B | +3.1% |
| Q2 2026 | $0.42/$0.37 | +14.3% | $1.7B/$1.6B | +5.7% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$6.5B
+2.7% YoY
FY2
$6.7B
+3.9% YoY
EPS Outlook
FY1
$1.52
+4.4% YoY
FY2
$1.61
+6.1% YoY
Trailing FCF (TTM)$324M
FCF Margin: 5.2%
Next Earnings
July 9, 2026
Expected EPS
$0.24
Expected Revenue
$1.5B
LEVI beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
LEVI Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $6.3B
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
Americas Segment
52.5%
+3.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Americas Segment is the largest reported region at 52.5%, up 3.0% YoY.
LEVI Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Cheap versus peers
Fair value est. $29 — implies +23.8% from today's price.
Upside to Fair Value
23.8%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
LEVI
16.3x
vs
S&P 500
24.4x
33% discount
vs Consumer Cyclical Trailing P/E
LEVI
16.3x
vs
Consumer Cyclical
21.2x
23% discount
vs LEVI 5Y Avg P/E
Today
16.3x
vs
5Y Average
20.9x
22% discount
Forward PE
15.8x
S&P 500
18.8x
-16%
Consumer Cyclical
16.3x
-3%
5Y Avg
—
—
Trailing PE
16.3x
S&P 500
24.4x
-33%
Consumer Cyclical
21.2x
-23%
5Y Avg
20.9x
-22%
PEG Ratio
—
S&P 500
1.66x
—
Consumer Cyclical
0.92x
—
5Y Avg
—
—
EV/EBITDA
12.2x
S&P 500
15.2x
-20%
Consumer Cyclical
12.2x
+0%
5Y Avg
14.1x
-13%
Price/FCF
28.5x
S&P 500
20.7x
+38%
Consumer Cyclical
15.6x
+83%
5Y Avg
26.8x
+7%
Price/Sales
1.5x
S&P 500
3.1x
-52%
Consumer Cyclical
0.7x
+111%
5Y Avg
1.3x
+15%
Dividend Yield
2.25%
S&P 500
1.91%
+17%
Consumer Cyclical
2.17%
+3%
5Y Avg
2.38%
-6%
| Metric | LEVI | S&P 500 | Consumer Cyclical | 5Y Avg LEVI |
|---|---|---|---|---|
| Forward PE | 15.8x | 18.8x-16% | 16.3x | — |
| Trailing PE | 16.3x | 24.4x-33% | 21.2x-23% | 20.9x-22% |
| PEG Ratio | — | 1.66x | 0.92x | — |
| EV/EBITDA | 12.2x | 15.2x-20% | 12.2x | 14.1x-13% |
| Price/FCF | 28.5x | 20.7x+38% | 15.6x+83% | 26.8x |
| Price/Sales | 1.5x | 3.1x-52% | 0.7x+111% | 1.3x+15% |
| Dividend Yield | 2.25% | 1.91% | 2.17% | 2.38% |
LEVI trades above S&P 500 benchmarks on 1 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolLEVI Financial Health
Verdict
Strong
LEVI 13.9% ROIC signals a durable competitive advantage — returns 3.9% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$6.3B
Revenue Growth
TTM vs prior year
+1.4%
Gross Margin
Gross profit as a share of revenue
61.7%
Operating Margin
Operating income divided by revenue
10.8%
Net Margin
Net income divided by revenue
9.2%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$1.46
Free Cash Flow (TTM)
Cash generation after capex
$324M
FCF Margin
FCF as share of revenue — the primary cash quality signal
5.2%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
13.9%
ROA
Return on assets, trailing twelve months
8.4%
Cash & Equivalents
Liquid assets on the balance sheet
$758M
Net Debt
Total debt minus cash
$1.5B
Debt Serviceability
Net debt as a multiple of annual free cash flow
4.8× FCF
~4.8 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
25.4%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.9%
Dividend
2.2%
Buyback
1.6%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$151M
Dividend / Share
Annualized trailing dividend per share
$0.53
Payout Ratio
Share of earnings distributed as dividends
36.8%
Shares Outstanding
Declining as buybacks retire shares
390M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageLEVI Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Consumer Pullback
A bear case scenario suggests a potential drop to $18 with 15% probability due to consumer pullback forcing a guidance cut.
High Risk
Fashion Trend Volatility
Levi Strauss faces significant risk from rapidly changing fashion trends impacting demand.
Medium
Supply Chain Uncertainty
Disruptions in supply chains could affect production and delivery timelines.
Medium
Macroeconomic Sensitivity
The company is vulnerable to broader economic downturns affecting consumer spending.
Lower
Valuation Risk
DCF analysis indicates potential undervaluation, but market conditions may not reflect this soon.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why LEVI Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
Premium denim structural shift
Levi Strauss is benefiting from a durable shift toward premium denim, supported by strong consumer search data indicating sustained demand.
Global brand leadership
As the world's largest branded apparel company, Levi's operates in over 110 countries, generating significant revenue and market presence.
DTC margin expansion potential
The bull case includes a potential re-rating to 18x multiples if direct-to-consumer (DTC) initiatives outperform and expand margins.
Demand-led momentum
Alternative data suggests Levi's is experiencing demand-led momentum, reinforcing its growth trajectory in the apparel market.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
LEVI Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$23.70
52W Range Position
85%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$17.29
+37.1% from the low
52-Week High
$24.82
-4.5% from the high
1 Month
+13.07%
3 Month
+28.11%
YTD
+13.8%
1 Year
+34.6%
3Y CAGR
+16.7%
5Y CAGR
-0.7%
10Y CAGR
+0.6%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
LEVI vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
15.8x
vs 10.4x median
+52% above peer median
Revenue Growth
+2.7%
vs +3.3% median
-19% below peer median
Net Margin
9.2%
vs 2.7% median
+247% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
LEV LEVI Levi Strauss & Co. | $9.3B | 15.8x | +2.7% | 9.2% | Buy | +17.1% |
HBI HBI Hanesbrands Inc. | $2.3B | 9.8x | -1.6% | 9.6% | Buy | +12.1% |
PVH PVH PVH Corp. | $3.6B | 7.1x | +3.3% | 0.2% | Buy | +19.4% |
RL RL Ralph Lauren Corporation | $25.2B | 25.3x | +6.8% | 11.6% | Buy | +5.9% |
VFC VFC V.F. Corporation | $6.8B | 21.0x | -0.4% | 2.7% | Hold | +18.3% |
GES GES Guess', Inc. | $877M | 10.4x | +5.7% | 2.6% | Hold | +55.8% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
LEVI Dividend and Capital Return
LEVI returns 3.9% total yield, led by a 2.28% dividend, raised 6 consecutive years. Buybacks add another 1.6%.
Dividend SustainableFCF Adequate
Total Shareholder Yield
3.9%
Dividend + buyback return per year
Buyback Yield
1.6%
Dividend Yield
2.28%
Payout Ratio
36.8%
How LEVI Splits Its Return
Div 2.28%
Buyback 1.6%
Dividend 2.28%Buybacks 1.6%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.53
Growth Streak
Consecutive years of dividend increases
6Y
3Y Div CAGR
7.1%
5Y Div CAGR
27.5%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$151M
Estimated Shares Retired
6M
Approx. Share Reduction
1.6%
Shares Outstanding
Current diluted share count from the screening snapshot
390M
At 1.6%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.28 | — | — | — |
| 2025 | $0.54 | +8.0% | 1.7% | 4.1% |
| 2024 | $0.50 | +4.2% | 1.3% | 4.1% |
| 2023 | $0.48 | +9.1% | 0.1% | 3.2% |
| 2022 | $0.44 | +69.2% | 2.6% | 5.2% |
FAQ
7 questionsLEVI Investor Questions
Common questions answered from live analyst data and company financials.
01Is Levi Strauss & Co. (LEVI) stock a buy or sell in 2026?
Levi Strauss & Co. (LEVI) is rated Buy by Wall Street analysts as of 2026. Of 17 analysts covering the stock, 14 rate it Buy or Strong Buy, 3 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $28, implying +17.1% from the current price of $24. The bear case scenario is $17 and the bull case is $35.
02What is the LEVI stock price target for 2026?
The Wall Street consensus price target for LEVI is $28 based on 17 analyst estimates. The high-end target is $33 (+39.2% from today), and the low-end target is $25 (+5.5%). The base case model target is $27.
03Is Levi Strauss & Co. (LEVI) stock overvalued in 2026?
LEVI trades at 15.8x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals cheap versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Levi Strauss & Co. (LEVI) stock in 2026?
The primary risks for LEVI in 2026 are: (1) Consumer Pullback — A bear case scenario suggests a potential drop to $18 with 15% probability due to consumer pullback forcing a guidance cut. (2) Fashion Trend Volatility — Levi Strauss faces significant risk from rapidly changing fashion trends impacting demand. (3) Supply Chain Uncertainty — Disruptions in supply chains could affect production and delivery timelines. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Levi Strauss & Co.'s revenue and earnings forecast?
Analyst consensus estimates LEVI will report consensus revenue of $6.5B (+2.7% year-over-year) and EPS of $1.52 (+4.4% year-over-year) for the upcoming fiscal year. The following year, analysts project $6.7B in revenue.
06When does Levi Strauss & Co. (LEVI) report its next earnings?
Levi Strauss & Co. is expected to report its next earnings on approximately 2026-07-09. Consensus expects EPS of $0.24 and revenue of $1.5B. Over recent quarters, LEVI has beaten EPS estimates 100% of the time.
07How much free cash flow does Levi Strauss & Co. generate?
Levi Strauss & Co. (LEVI) generated $324M in free cash flow over the trailing twelve months — a free cash flow margin of 5.2%. LEVI returns capital to shareholders through dividends (2.3% yield) and share repurchases ($151M TTM).