SIG
Signet Jewelers Limited
SIG's fundamentals are strong, but it looks expensive: trading at 14x earnings, above its usual 10x. Analysts expect strong earnings growth.
SIG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
SIG's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
SIG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $58.67 | -50% |
| Forward | 9.2x | $118 | — |
| Fair | 10x | $87.57 | -26% |
| Expensive | 14x | $118 | +0.1% |
| Current | 14x | $118 | — |
Historical ranges are pointers, not guarantees.
SIG's PE is in its expensive range at 14x. If earnings grow as analysts expect, today's price would be 9.2x next year's earnings, in its fair range.
SIG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect SIG's earnings to grow and its profitability to improve, with its revenue holding steady.
SIG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.80 | +48% |
| Q3 2026 | $8.63 | +195% |
| Q2 2026 | $7.08 | +714% |
| Q1 2026 | $7.08 | +$7.89 |
| Q4 2025 | $3.30 | -62% |
| Q3 2025 | $2.93 | -66% |
| Q2 2025 | $0.87 | -93% |
| Q1 2025 | -$0.81 | -105% |
| Q4 2024 | $8.71 | +1.4% |
SIG's earnings per share have fallen from their peak: $8.63 over the past year, against $15.01 in early 2024.
SIG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | -0.5% |
| Q2 2026 | $1.6B | +0.8% |
| Q1 2026 | $2.3B | -0.3% |
| Q4 2025 | $1.4B | +3.1% |
| Q3 2025 | $1.5B | +3% |
| Q2 2025 | $1.5B | +2% |
| Q1 2025 | $2.4B | -5.8% |
| Q4 2024 | $1.3B | -3.1% |
SIG's revenue fell from its 2022 peak and has held roughly level since: $1.5B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.7% | +5.6 points |
| Q2 2026 | 2.4% | -0.7 points |
| Q1 2026 | 14% | +7.1 points |
| Q4 2025 | 1.7% | +1 points |
| Q3 2025 | 0.2% | +6.9 points |
| Q2 2025 | 3.1% | -0.2 points |
| Q1 2025 | 6.5% | -10 points |
| Q4 2024 | 0.7% | -0.3 points |
SIG's operating margin was 5.7% last quarter, up 5.6 points from the same quarter a year ago.
SIG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $30.8M | -51% |
| Q2 2026 | -$169.2M | +$42.7M |
| Q1 2026 | $676.4M | -8.9% |
| Q4 2025 | -$1.5M | +$137M |
| Q3 2025 | $62.3M | +294% |
| Q2 2025 | -$211.9M | -$30.4M |
| Q1 2025 | $742.1M | +3.6% |
| Q4 2024 | -$138.5M | -1089% |
SIG still generates free cash flow, though less than at its 2023 peak: $537M over the past year.
SIG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.7% | -1.1M shares |
| 1 year | -4.4% | -1.8M shares |
| 3 years | -28% | -15M shares |
| 5 years | -24% | -12.7M shares |
| Available history | -24% | -12.5M shares |
SIG has 39M diluted shares, down 4.4% from a year ago, with $225M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $87.2M |
| Q2 2026 | $82.7M |
| Q1 2026 | $27M |
| Q4 2025 | $28.5M |
| Q3 2025 | $32.3M |
| Q2 2025 | $117.4M |
| Q1 2025 | $24.2M |
| Q4 2024 | $66.6M |
SIG spent $225M buying back its own shares over the past year, down 6.3% from the year before.
SIG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.9x | Net Cash |
| Q2 2026 | -1.1x | Net Cash |
| Q1 2026 | -1.6x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -0.8x | Net Cash |
| Q2 2025 | -1.0x | Net Cash |
| Q1 2025 | -2.3x | Net Cash |
| Q4 2024 | 0.2x | Very low |
SIG has more cash than debt.
SIG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.3 | Neutral |
| Stochastic | 80.9 | Overbought |
SIG's weekly RSI is 68 (neutral) and its Stochastic is 81 (overbought).
SIG PE vs Consumer Cyclical Sector
| Metric | SIG | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 18x | 24% below |
| PE % | 83 | 47 | 36 pts above |
SIG is trading at 14x earnings, a 24% discount to the Consumer Cyclical sector's median of 18x.
SIG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $112.1 | 5.5% above |
| 20 week MA | $98.9 | 19% above |
| 50 week MA | $92.4 | 28% above |
| 100 week MA | $84.1 | 41% above |
| 200 week MA | $84.5 | 40% above |
SIG has climbed back above all five of its weekly moving averages, and it's now 40% above its 200-week average.
SIG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.0 | $26.2 | +25% |
| 2021 | $26.2 | $83.5 | +219% |
| 2022 | $83.5 | $68.1 | -19% |
| 2023 | $68.1 | $107.3 | +58% |
| 2024 | $107.3 | $82.0 | -24% |
| 2025 | $82.0 | $85.2 | +4% |
| 2026 YTD | $85.2 | $118.2 | +39% |
SIG has finished higher in four of the last six years, two of them by more than 50%. It's up 39% so far in 2026.