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ValueScreener company report

The Estée Lauder Companies Inc. (EL)

NYSE / Consumer Defensive / Household & Personal Products

Share price

107.19 USD Market dataClose of Oct 15, 2026

Market capitalisation

38.84B USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Aug 19, 2026
Ratios computed
Oct 15, 2026
Filed years
11, FY2016 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

2.9% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

214.38x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

3.4% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 11.82B USDFY2017 Net income: 1.25B USDFY2018 Revenue: 13.68B USDFY2018 Net income: 1.11B USDFY2019 Revenue: 14.86B USDFY2019 Net income: 1.78B USDFY2020 Revenue: 14.29B USDFY2020 Net income: 684.0M USDFY2021 Revenue: 16.21B USDFY2021 Net income: 2.88B USDFY2022 Revenue: 17.74B USDFY2022 Net income: 2.41B USDFY2023 Revenue: 15.91B USDFY2023 Net income: 1.01B USDFY2024 Revenue: 15.61B USDFY2024 Net income: 409.0M USDFY2025 Revenue: 14.33B USDFY2025 Net income: -1.13B USDFY2026 Revenue: 15.05B USDFY2026 Net income: 182.0M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 214.38x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits above the highest.

Today, against the Consumer Defensive sector (135 companies), 214.38x sits at the 98th percentile; the middle half of that group runs from 13.84x to 33.63x.

Is it good

Return on invested capital was 2.9% in FY2026, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Consumer Defensive sector (102 companies), 2.9% sits at the 27th percentile; the middle half of that group runs from 2.7% to 14.1%.

Is it safe

Interest coverage was 2.34x in FY2026, in the band labelled "Speculative grade" (1.50x to 3.00x), on lines anchored on Damodaran's interest-coverage table.

Year by year against peers
Whether The Estée Lauder Companies Inc.'s return on equity stayed above the median of the Consumer Defensive sector, year by year. (FY2017 to FY2025, 9 fiscal years of The Estée Lauder Companies Inc. with a comparable figure)
The direction
Which way The Estée Lauder Companies Inc.'s return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of The Estée Lauder Companies Inc.)
What could explain it
What in The Estée Lauder Companies Inc.'s filed statements could explain the movements. (11 readings drawn from the statement lines The Estée Lauder Companies Inc. filed)
What to check next
What to check next on The Estée Lauder Companies Inc., and where in its filings. (7 questions for The Estée Lauder Companies Inc.)
In one paragraph
One paragraph on The Estée Lauder Companies Inc.'s returns, cash, balance sheet and price. (16 of sixteen figures read for The Estée Lauder Companies Inc.)

These are EL’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research ELPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Aug 19, 2026, accession 0001001250-26-000041.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

The Estée Lauder Companies Inc: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax2.9% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Return on equity4.8% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Return on capital employed, pre-tax5.8% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Return on assets0.9% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Gross margin75.5% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Operating margin5.2% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Net margin1.2% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
EL 1.2%
KVUE 9.7%CL 10.5%CHD 11.9%SGI 5.1%CLX 11.4%
1.2%11.9%
Net margin: EL against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

The Estée Lauder Companies Inc: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity2.44 ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Current ratio1.22 ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Quick ratio0.90 ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Interest coverage2.34x ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Altman Z-score3.25 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Net debt5.78B ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Total assets 19.76BTotal liabilities 15.96BShareholders' equity 3.81BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What The Estée Lauder Companies Inc owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Aug 19, 2026, 0001001250-26-000041).

The Estée Lauder Companies Inc: balance sheet position
Total assets19.76B FiledFY2026 10-K, filed Aug 19, 2026
Total liabilities15.96B FiledFY2026 10-K, filed Aug 19, 2026
Shareholders' equity3.81B FiledFY2026 10-K, filed Aug 19, 2026
Cash3.50B FiledFY2026 10-K, filed Aug 19, 2026
Total debt9.27B FiledFY2026 10-K, filed Aug 19, 2026
Net debt5.78B
Current ratio1.22
Debt to equity2.44

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

The Estée Lauder Companies Inc: what the market charges, each with its source
FigureValue, source and document
Price to earnings214.38x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
P/E on trailing twelve months203.18x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book10.27x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Price to sales2.60x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Enterprise value to EBIT57.54x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Enterprise value to EBITDA28.48x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Diluted earnings per share0.50 USD FiledFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Graham number10.83 USD ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041

We publish no fair value or price target of our own. Value EL on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for The Estée Lauder Companies Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

The Estée Lauder Companies Inc: valuation
Share price107.19 USD
Market capitalisation38.84B USD
Enterprise value to EBITDA28.48x
Graham number10.83 USD
Diluted earnings per share, FY20260.50 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Aug 25, 2017: low 25.07x, median 48.05x, high 212.42x, latest 203.18x. 1,910 trading days with a meaningful ratio, 386 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like The Estée Lauder Companies Inc

  1. Kenvue Inc. (KVUE)Market cap 35.86B USD
  2. Colgate-Palmolive Company (CL)Market cap 73.87B USD
  3. Church & Dwight Co., Inc. (CHD)Market cap 24.45B USD
  4. Somnigroup International Inc (SGI)Market cap 14.91B USD
  5. The Clorox Company (CLX)Market cap 10.42B USD

Same industry (Household & Personal Products) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

The Estée Lauder Companies Inc: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield3.4% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Free cash flow1.32B USD ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Free cash flow margin8.7% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Dividend yield1.3% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Payout ratio279.1% ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
FY2017 Free cash flow: 1.29B USDFY2017 Net income: 1.25B USDFY2018 Free cash flow: 1.93B USDFY2018 Net income: 1.11B USDFY2019 Free cash flow: 1.77B USDFY2019 Net income: 1.78B USDFY2020 Free cash flow: 1.66B USDFY2020 Net income: 684.0M USDFY2021 Free cash flow: 2.99B USDFY2021 Net income: 2.88B USDFY2022 Free cash flow: 2.00B USDFY2022 Net income: 2.41B USDFY2023 Free cash flow: 728.0M USDFY2023 Net income: 1.01B USDFY2024 Free cash flow: 1.44B USDFY2024 Net income: 409.0M USDFY2025 Free cash flow: 670.0M USDFY2025 Net income: -1.13B USDFY2026 Free cash flow: 1.32B USDFY2026 Net income: 182.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

The Estée Lauder Companies Inc.: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
214.38xFY2026Oct 15, 2026
10.27xFY2026Oct 15, 2026
57.54xFY2026Oct 15, 2026
3.4%FY2026Oct 15, 2026
2.9%FY2026Aug 19, 2026
1.3%FY2026Oct 15, 2026
2.44FY2026Aug 19, 2026
1.22FY2026Aug 19, 2026
2.60xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
3.25FY2026Oct 15, 2026
-2.90FY2026Aug 19, 2026
7/9FY2026Aug 19, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 11 filed fiscal years on record, FY2016 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2017 to FY2026, read from the annual reports The Estée Lauder Companies Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

The Estée Lauder Companies Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202615.05B780.0M182.0M0.501.32B5.2%4.8%10-K, Aug 19, 20260001001250-26-000041
FY202514.33B-785.0M-1.13B-3.15670.0M-5.5%-29.3%10-K, Aug 20, 20250001001250-25-000099
FY202415.61B970.0M409.0M1.081.44B6.2%7.7%10-K, Aug 19, 20240001001250-24-000116
FY202315.91B1.51B1.01B2.79728.0M9.5%18.1%10-K, Aug 18, 20230001001250-23-000112
FY202217.74B3.17B2.41B6.552.00B17.9%43.1%10-K, Aug 24, 20220001001250-22-000122
FY202116.21B2.62B2.88B7.792.99B16.1%47.5%10-K, Aug 27, 20210001001250-21-000127
FY202014.29B606.0M684.0M1.861.66B4.2%17.4%10-K, Aug 28, 20200001001250-20-000065
FY201914.86B2.31B1.78B4.821.77B15.6%40.7%10-K, Aug 23, 20190001104659-19-047085
FY201813.68B2.06B1.11B2.951.93B15.0%23.6%10-K, Aug 24, 20180001104659-18-053494
FY201711.82B1.70B1.25B3.351.29B14.4%28.5%10-K, Aug 25, 20170001104659-17-053604
  • Revenue, compound annual growth FY2017 to FY2026: 2.7%
  • Earnings, compound annual growth FY2017 to FY2026: -19.3%
  • Earnings per share, compound annual growth FY2017 to FY2026: -19.1%
  • Free cash flow, compound annual growth FY2017 to FY2026: 0.3%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

The Estée Lauder Companies Inc: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.90 ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Piotroski F-score7/9 ComputedFY2026 10-K, filed Aug 19, 2026, 0001001250-26-000041
Named tests met0 of 30 Computed
Beta1.59 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 29 not met, 1 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(3)
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: The stored figure is a zero that can stand for data we do not hold, so this test is not measured.
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 3 figures could not be read on this company: PEG Ratio, Dividend Streak, Price Tangible Book. 1 named test comes back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.