ZGN

Ermenegildo Zegna N.V.

Consumer Cyclical · $3.4B market cap

Verdict

Share price

$12.52

close of Oct 3, 2026

Fair value

$12.32

Sticker Price

Payback Price

$4.93

buy price

Fairly Valued

ZGN is Fairly Valued: at $12.52 it's within 2% of its fair value of $12.32. Its buy price (Payback Price) is $4.93, 61% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 7% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth23.7% a year✓
Equity per share growth10.5% a year✓
Sales growth9.0% a year✗
Free cash flow growth9.9% a year✗
Return on invested capital6.0%✗

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Superinvestors

2 of the investors we track hold ZGN. In Q2 2026, 1 opened a position and 1 trimmed. Who we track

Moves in Q2 2026

New position: Polen Capital Management

Trimmed: Bill Nygren

About Ermenegildo Zegna N.V.

Ermenegildo Zegna N.V., along with its affiliated entities, operates as a leading luxury fashion house. The company is engaged in the design, production, marketing, and global distribution of high-end menswear, footwear, leather goods, and assorted accessories, primarily under its distinguished Zegna and Thom Browne labels. Its comprehensive men's collection features opulent leisurewear, sophisticated formal wear…

Apparel - Manufacturers

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works