G Iii Apparel Group Ltd. /DE/ (GIII) intrinsic value & 10-year financials

G Iii Apparel Group Ltd. /DE/ (GIII) has a Graham intrinsic value of $20.40 per share. At $28.38 on Oct 17, 2026, the stock trades 39% above that value. Over the last 10 fiscal years revenue grew 2.4% a year to $3.0B, with an average return on invested capital of 7.5%.

Graham intrinsic value
$20.40
Share price (Oct 17, 2026)
$28.38
Price vs Graham value
39% above
Market cap
$1.3B
Revenue (FY2026)
$3.0B
Revenue growth (10-yr CAGR)
2.4%
ROIC (10-yr avg)
7.5%
Free cash flow (FY2026)
$263.9M

GIII 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $3.0B $67.4M $1.51 $263.9M 3.7% 4.0%
FY2025 $3.2B $193.6M $4.20 $274.9M 9.2% 12.6%
FY2024 $3.1B $176.2M $3.75 $562.9M 9.1% 11.8%
FY2023 $3.2B -$133.1M -$2.79 -$126.1M -3.4% -5.9%
FY2022 $2.8B $200.6M $4.05 $167.5M 11.2% 13.7%
FY2021 $2.1B $23.5M $0.48 $58.7M 4.0% 3.2%
FY2020 $3.2B $143.8M $2.94 $171.0M 7.2% 10.3%
FY2019 $3.1B $138.1M $2.75 $74.6M 7.5% 15.0%
FY2018 $2.8B $62.1M $1.25 $45.2M 5.5% 6.2%
FY2017 $2.4B $51.9M $1.10 $80.8M 3.9% 4.4%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

G III APPAREL GROUP LTD /DE/ has demonstrated mature, steady growth, with revenue compounding at 2.4% annually over the past decade.

G III APPAREL GROUP LTD /DE/ has historically struggled to out-earn its cost of capital, averaging just 7.5% ROIC.

G III APPAREL GROUP LTD /DE/ has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, G III APPAREL GROUP LTD /DE/ is modeled at 3.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $20.40 per share.

GIII stock: frequently asked questions

What is the intrinsic value of G Iii Apparel Group Ltd. /DE/ (GIII) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 3.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, GIII's intrinsic value is about $20.40 per share.

Is GIII stock undervalued?

At $28.38 (close on Oct 17, 2026), GIII trades 39% above its Graham value of $20.40. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has G Iii Apparel Group Ltd. /DE/ grown?

Revenue went from $2.4B in fiscal 2017 to $3.0B in fiscal 2026, a compound annual growth rate of 2.4%. Net income was $67.4M in fiscal 2026.

Does G Iii Apparel Group Ltd. /DE/ generate free cash flow?

G Iii Apparel Group Ltd. /DE/ generated $263.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 9 of the last 10 reported years.

What is GIII's return on invested capital?

Average ROIC over the last 10 fiscal years was 7.5%, and average return on equity was 6.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this GIII data come from?

From G Iii Apparel Group Ltd. /DE/'s annual 10-K filings on SEC EDGAR, most recently filed Jun 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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