What is Signet Jewelers Ltd worth?
With the base-case assumptions below, a discounted cash flow model on Signet Jewelers Ltd's reported free cash flow gives $250.41 per share. The share price was $102.26 on September 25, 2026, 59% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.5% | 10.0% | $161.55 | +58% |
| Base | 5.5% | 9.0% | $250.41 | +145% |
| Bull | 10.5% | 8.0% | $427.57 | +318% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $315.63 | $335.49 | $359.76 | $390.10 | $429.10 |
| 8.0% | $267.00 | $279.88 | $295.10 | $313.36 | $335.68 |
| 9.0% | $231.44 | $240.25 | $250.41 | $262.26 | $276.27 |
| 10.0% | $204.34 | $210.60 | $217.70 | $225.81 | $235.17 |
| 11.0% | $183.02 | $187.61 | $192.74 | $198.51 | $205.05 |
Where the presets come from
Base: years 1 to 5 grow at Signet Jewelers Ltd's revenue growth rate over the last 5 fiscal years (5.4% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions