MOVADO GROUP, INC.

MOV · Healthcare · $879.0M mkt cap · FY2026 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power91

Median gross margin 54.1% over 10y, very stable.

Returns on capital60

Median ROIC 13.3%, above the 9% hurdle in 70% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 59x.

Capital discipline33

Owner earnings -2.8%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

85% above value

Owner earnings (normalized): $42.8M
Est. intrinsic value / share: $21.01
Recent price: $38.87
Discount to value: 85% 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 MOV. See the disclaimer.