SIGNET JEWELERS LIMITED

SIG · Consumer Discretionary · $3.6B mkt cap · FY2026 filings · Narrow moat

Wonderful & reasonably priced

Narrow moat

The four filters

Pricing power62

Median gross margin 37.9% over 10y, very stable.

Returns on capital79

Median ROIC 17.5%, above the 9% hurdle in 70% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline40

Owner earnings -6.6%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

19% below value

Owner earnings (normalized): $402.3M
Est. intrinsic value / share: $110.64
Recent price: $89.72
Discount to value: 19% below 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 SIG. See the disclaimer.