MOV
Movado Group, Inc.
MOV's fundamentals are strong, but it looks expensive: trading at 18x earnings, above its usual 12x. Analysts expect strong earnings growth.
MOV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
MOV's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
MOV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $13.34 | -58% |
| Fair | 12x | $20.84 | -35% |
| Forward | 15x | $31.95 | — |
| Current | 18x | $31.95 | — |
| Expensive | 21x | $37.20 | +16% |
Historical ranges are pointers, not guarantees.
MOV's PE is in its expensive range at 18x. If earnings grow as analysts expect, today's price would be 15x next year's earnings.
MOV Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for MOV, with profitability improving.
MOV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.17 | +20% |
| Q3 2026 | $1.81 | +135% |
| Q2 2026 | $1.41 | +76% |
| Q1 2026 | $1.17 | +34% |
| Q4 2025 | $0.97 | -6.7% |
| Q3 2025 | $0.77 | -52% |
| Q2 2025 | $0.80 | -55% |
| Q1 2025 | $0.87 | -58% |
| Q4 2024 | $1.04 | -59% |
MOV's earnings per share have fallen from their peak: $1.81 over the past year, against $4.49 in mid-2022.
MOV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $169.8M | +4.9% |
| Q2 2026 | $142.4M | +8.1% |
| Q1 2026 | $191.6M | +5.6% |
| Q4 2025 | $186.1M | +1.9% |
| Q3 2025 | $161.8M | +1.6% |
| Q2 2025 | $131.8M | -3.6% |
| Q1 2025 | $181.5M | +1% |
| Q4 2024 | $182.7M | -2.6% |
MOV's revenue has grown year over year for five quarters in a row: $170M last quarter, up 4.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | +6.3 points |
| Q2 2026 | 4.9% | +4.7 points |
| Q1 2026 | 7.2% | +2.1 points |
| Q4 2025 | 6.3% | +2.7 points |
| Q3 2025 | 2.5% | +0.6 points |
| Q2 2025 | 0.2% | -2.2 points |
| Q1 2025 | 5.1% | -2.4 points |
| Q4 2024 | 3.6% | -7.4 points |
MOV's operating margin was 8.8% last quarter, up 6.3 points from the same quarter a year ago.
MOV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.6M | +$3.5M |
| Q2 2026 | $5.8M | +$14.5M |
| Q1 2026 | $55.7M | +48% |
| Q4 2025 | $11.6M | +$18.8M |
| Q3 2025 | -$5.1M | +$15M |
| Q2 2025 | -$8.7M | +$11M |
| Q1 2025 | $37.5M | -45% |
| Q4 2024 | -$7.2M | -$3.3M |
MOV usually generates cash, though not every quarter: the latest was −$2M, but it generated $71M over the past year.
MOV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +259K shares |
| 1 year | +2.3% | +514K shares |
| 3 years | +2.1% | +469K shares |
| 5 years | -2.8% | -654K shares |
| Available history | -0.7% | -165K shares |
MOV has 23M diluted shares, up 2.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $1.5M |
| Q1 2026 | $2.3M |
| Q4 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $1.5M |
| Q3 2024 | — |
| Q2 2024 | $1.1M |
MOV spent $4M buying back its own shares over the past year.
MOV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -3.7x | Net Cash |
| Q2 2026 | -4.9x | Net Cash |
| Q1 2026 | -5.9x | Net Cash |
| Q4 2025 | -5.3x | Net Cash |
| Q3 2025 | -6.1x | Net Cash |
| Q2 2025 | -7.2x | Net Cash |
| Q1 2025 | -6.6x | Net Cash |
| Q4 2024 | -5.1x | Net Cash |
MOV has more cash than debt.
MOV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.1 | Neutral |
| Stochastic | 9.6 | Oversold |
MOV's weekly RSI is 48 (neutral) and its Stochastic is 10 (oversold).
MOV PE vs Consumer Cyclical Sector
| Metric | MOV | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 18x | 2.1% below |
| PE % | 72 | 47 | 25 pts above |
MOV is trading at 18x earnings, in line with the Consumer Cyclical sector's median of 18x.
MOV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.2 | 0.9% below |
| 20 week MA | $34.5 | 7.4% below |
| 50 week MA | $29.8 | 7.1% above |
| 100 week MA | $23.7 | 35% above |
| 200 week MA | $25.1 | 27% above |
MOV has slipped below its 8- and 20-week averages, though it's still 27% above its 200-week average.
MOV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.5 | $17.4 | -19% |
| 2021 | $17.4 | $40.5 | +133% |
| 2022 | $40.5 | $30.7 | -24% |
| 2023 | $30.7 | $30.2 | -1.8% |
| 2024 | $30.2 | $19.9 | -34% |
| 2025 | $19.9 | $20.9 | +5.1% |
| 2026 YTD | $20.9 | $32.0 | +53% |
MOV is up 53% so far in 2026, after finishing lower in four of the previous six years.