Signet Jewelers Ltd. (SIG) intrinsic value & 10-year financials

Signet Jewelers Ltd. (SIG) has a Graham intrinsic value of $51.92 per share. At $118.49 on Oct 17, 2026, the stock trades 128% above that value. Over the last 10 fiscal years revenue grew 0.7% a year to $6.8B, with an average return on invested capital of 16.2%.

Graham intrinsic value
$51.92
Share price (Oct 17, 2026)
$118.49
Price vs Graham value
128% above
Market cap
$4.9B
Revenue (FY2026)
$6.8B
Revenue growth (10-yr CAGR)
0.7%
ROIC (10-yr avg)
16.2%
Free cash flow (FY2026)
$525.3M

SIG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $6.8B $294.4M $7.08 $525.3M 5.8% 13.9%
FY2025 $6.7B $61.2M -$0.81 $437.9M 1.7% 2.8%
FY2024 $7.2B $810.4M $15.01 $421.4M 8.7% 38.5%
FY2023 $7.8B $376.7M $6.64 $659.0M 7.7% 36.7%
FY2022 $7.8B $769.9M $12.22 $1.1B 11.5% 60.3%
FY2021 $5.2B -$15.2M -$0.94 $1.3B -1.1% -1.4%
FY2020 $6.1B $105.5M $1.40 $419.4M 2.6% 5.6%
FY2019 $6.2B -$657.4M -$12.62 $564.2M -12.2% -26.3%
FY2018 $6.3B $519.3M $7.44 $1.7B 9.3% 16.7%
FY2017 $6.4B $543.2M $7.08 $400.3M 11.9% 15.2%

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

Executive summary

SIGNET JEWELERS LTD has demonstrated mature, steady growth, with revenue compounding at 0.7% annually over the past decade.

SIGNET JEWELERS LTD has earned high returns on invested capital, averaging 16.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Over the decade, SIGNET JEWELERS LTD shows that management has aggressively returned capital to shareholders by retiring 45.8% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SIGNET JEWELERS LTD is modeled at 0.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $51.92 per share.

SIG stock: frequently asked questions

What is the intrinsic value of Signet Jewelers Ltd. (SIG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 0.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SIG's intrinsic value is about $51.92 per share.

Is SIG stock undervalued?

At $118.49 (close on Oct 17, 2026), SIG trades 128% above its Graham value of $51.92. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Signet Jewelers Ltd. grown?

Revenue went from $6.4B in fiscal 2017 to $6.8B in fiscal 2026, a compound annual growth rate of 0.7%. Net income was $294.4M in fiscal 2026.

Does Signet Jewelers Ltd. generate free cash flow?

Signet Jewelers Ltd. generated $525.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 10 of the last 10 reported years.

What is SIG's return on invested capital?

Average ROIC over the last 10 fiscal years was 16.2%, and average return on equity was 15.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SIG data come from?

From Signet Jewelers Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Jun 2, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar consumer stocks