Macy's Inc. (M) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Founded in 1858 and based in New York City, Macy's operates about 430 eponymous stores, 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's names, and 170 freestanding Bluemerc...
Macy's Inc. (M) currently trades at a P/E ratio of 9.83 (historical range: 2.71–54.70, median: 8.54), placing it at the 60th percentile — above its historical average, P/S ratio of 0.28 (range: 0.12–0.52, 84th percentile — expensive relative to its history), EV/EBITDA of 13.14 (range: 2.72–22.60, 80th percentile).
Over the historical period (2021-09-13 to 2026-10-16), Macy's Inc.'s P/E ratio has expanded by 185% over the observed period (from an average of 6.2 to 17.6).
Macy's Inc. trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 9.83 | 8.54 | 60th | above its historical average |
| P/S Ratio | 0.28 | 0.22 | 84th | expensive relative to its history |
| EV/EBITDA | 13.14 | 6.74 | 80th | expensive relative to its history |
| FCF Yield | 16.74% | 18.34% | 41th | near its historical average |
Macy's Inc. (M) Valuation & P/E History
Macy's Inc. (M) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Retail-Department Stores industry currently trading at $24.01 with a market capitalization of $6.3 billion. This page provides historical valuation analysis for M based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 9.83 is above the historical median of 8.54, placing M at the 60th percentile of its valuation range. The P/S ratio of 0.28 compares to a median of 0.22.
M Valuation Metrics & Historical Range
The valuation table above shows Macy's Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether M is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests M is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Macy's Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is M Overvalued or Undervalued?
Macy's Inc. trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 75 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive M is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full M analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.M trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.