Estee Lauder Companies Inc

EL · Materials · $29.6B mkt cap · FY2025 filings · Narrow moat

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Narrow moat

The four filters

Pricing power99

Median gross margin 76.0% over 10y, very stable.

Returns on capital90

Median ROIC 20.7%, above the 9% hurdle in 70% of years.

Balance-sheet safety0

Net debt/EBITDA 99.9x, interest coverage -2x.

Capital discipline53

Owner earnings trend unclear, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

164% above value

Owner earnings (normalized): $1.0B
Est. intrinsic value / share: $31.16
Recent price: $82.27
Discount to value: 164% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell EL. See the disclaimer.