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← CockpitCompetitor Analysis › BOSS.DE Hugo Boss AGOpen in the cockpit ↗

Hugo Boss AGBOSS.DECompetitor analysis, valuation and peers

Germany · EUR·Consumer Discretionary›Apparel/Footwear

German premium fashion house designing and selling menswear, womenswear and accessories under the Hugo Boss and Boss brands.

≈ A German Ralph Lauren for premium menswearMomentum strong 64
Mkt cap
$2.90B
US dollars, full cap
Free float
34%
of shares outstanding
$/day
$16.3M
20-day average traded
Fwd P/E
15.4×
forward earnings
ROIC−WACC
+3.6 pp
WACC 6.2%
Hurdle
-24 pp
Req g minus delivered
Next earnings
125 days
11 Mar 2027
Close · EUR€38.40
1D-0.5%
1W-0.5%
1M+1.3%
3M+1.4%
6M+8.0%
YTD+6.2%
1Y+3.8%
ATR %0.8%
52w lowhigh5.2% off high

What Hugo Boss does

German premium fashion house designing and selling menswear, womenswear and accessories under the Hugo Boss and Boss brands.

Sells through its own stores, outlets and websites as well as wholesale partners such as department stores, and keeps the retail margin on the first group. Licensees make fragrances and eyewear under the brand name and pay royalties.

In one line: A German Ralph Lauren for premium menswear.

Products and services

  • Menswear (suits, casualwear)
  • Womenswear
  • Footwear & accessories
  • Fragrances (licensed)

Customers

  • Department stores
  • Own retail/outlet stores
  • Online direct-to-consumer

Where it sits in the supply chain

  • Consumer discretionary
  • Apparel/luxury fashion
  • Premium fashion brand

What could go right

  • Brand repositioning toward younger consumers
  • China/US market recovery

What could go wrong

  • Luxury/premium consumer spending slowdown
  • Fashion trend misses

Moat: narrow (brand, distribution). Well-known premium menswear brand with global retail footprint, but faces intense fashion competition and trend risk.

Headquarters: Metzingen, Germany · Founded: 1924 · Employees: 17,527

Named competitors

Hugo Boss at a glance

Size Hugo Boss (BOSS.DE) is a Germany Consumer Discretionary company (Apparel/Footwear) with a market value of $2.90B, the 92nd largest of 205 Germany companies the cockpit tracks. Shares closed at €38.40 on 6 Nov 2026.

Performance Over six months the shares gained 8.0%, against +1.8% for the median peer and +2.6% for the Germany market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue fell 4.6% over the last twelve months (peer median +4.1%); the operating margin is 8.4% (peer median 9.1%).

Valuation It trades at 15.4× forward earnings against a peer median of 14.9× (9th most expensive of 19).

Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -24 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.6 points above its cost of capital (6.2% WACC).

Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).

Relative performance

9510010511011 May 202611 Aug 20266 Nov 2026BOSS.DE 107Peer median 103
Six months, rebased to 100: Hugo Boss against the median of its 20 peers (local-currency closes).

Hugo Boss financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€4.08B€4.27B€4.31B€4.20B€3.65B
Revenue growth—-1%+3%+15%—
Gross profit€2.54B€2.27B€2.30B€2.24B€1.93B
EBITDA€701M€782M€773M€768M€692M
Net income€217M€249M€213M€258M€209M
Free cash flown/a€507M€505M€105M€185M
Capital expendituren/a€193M€287M€299M€190M
Total debt€1.02B€1.18B€1.25B€1.12B€914M

Quarterly statements and history in the cockpit →

Hugo Boss competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+20%+40%0%+20%SHOO2232147614400551FIGS002832002563COLM9904111770UA80229910PVHKPRMILLKTBPAGEIND8111PUMBOSS.DE6-month return →1-month return →
Up and to the right = strong over both horizons. Hugo Boss is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%0×25×50×75×SHOO223214760551FIGS0028320025639904111770UA80229910PVHKPRMILLKTBPAGEINDBOSS.DERevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hugo Boss is the large dot.

Capital: growth delivered against growth the price implies

-10%0%+10%+20%+30%0%20%SHOO223214760551FIGS002832002563COLM99048022PVHKPRMILLKTBPAGEINDBOSS.DEGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Hugo Boss is the large dot.

Hugo Boss competitors and peer comparison

Head to head with its named competitors (BOSS.DE vs RL vs PVH vs ZGN)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Hugo Boss BOSS.DE$2.90B+8%-5%8%15.4×-6.6%
Ralph Lauren RL$22.4B+5%+15%17%18.6×11.0%
PVH PVH$4.15B+1%+2%8%8.1×2.5%
Ermenegildo Zegna ZGN$5.96B+7%+11%9%31.1×20.3%
Burberry BRBY.L$5.38B-4%-2%7%28.8×19.1%

How Hugo Boss compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hugo Boss against its 20 peers (data as of 6 Nov 2026)
MeasureBOSS.DEPeer medianRank in peer set
1-month return+1.3%+7.5%5th lowest of 21
6-month return+8.0%+1.8%8th highest of 21
Distance from 52-week high-5.2%-15.7%4th highest of 21
Revenue growth (TTM)-4.6%+4.1%4th lowest of 21
Operating margin8.4%9.1%10th lowest of 21
Forward P/E15.4×14.9×9th most expensive of 19
Growth the price implies (Req g, 7 yrs)-6.6%2.5%3rd least demanding of 17
Growth delivered (Del g)+17.0%+7.4%2nd highest of 17
Hurdle (Req g minus delivered)-23.6 pp-7.0 ppleast demanding of 17
ROIC minus cost of capital+3.6 pp+7.2 pp9th lowest of 21
EV / EBITDA4.9×9.6×2nd cheapest of 16
Net debt / EBITDA1.1×-0.1×5th most indebted of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Hugo Boss BOSS.DEGermany$2.90B+8%-5%8%15.4×-6.6%+17.0%
Steven Madden SHOOUnited States$2.89B-3%+18%9%17.5×5.9%+16.1%
Crystal International 2232.HKHong Kong$2.92B+23%+4%10%11.4×-5.3%+6.0%
Eclat Textile 1476.TWTaiwan$2.88B+3%0%20%13.7×-8.9%+6.2%
Star Shine 1440.HKHong Kong$2.85B+34%-33%-3%n/an/an/a
Yue Yuen Industrial (Holdings) 0551.HKHong Kong$2.75B-7%-3%3%13.6×2.4%-0.9%
FIGS FIGSUnited States$3.29B+37%+25%10%54.0×25.5%+19.1%
BIEM.L.FDLKK Garment 002832.SZChina$2.46B+42%+23%15%20.4×0.0%+13.3%
Zhejiang Semir Garment 002563.SZChina$2.42B-1%+4%7%14.8×-8.1%-0.1%
Columbia Sportswear COLMUnited States$3.61B+12%0%8%16.2×4.6%+6.3%
Pou Chen 9904.TWTaiwan$2.29B0%-7%3%7.3×5.9%+0.1%
Youngone 111770.KSSouth Korea$2.27B-13%+15%14%5.5×n/an/a
Under Armour UAUnited States$2.23B-19%-3%1%83.9×n/an/a
Mizuno 8022.TJapan$2.10B+27%+10%9%15.9×4.9%+11.5%
Feng Tay Enterprise 9910.TWTaiwan$2.08B0%-4%7%15.0×-5.9%+3.9%
PVH PVHUnited States$4.15B+1%+2%8%8.1×2.5%+4.6%
K.P.R. Mill KPRMILL.NSIndia$4.21B+19%+6%18%34.8×29.9%+13.3%
Kontoor Brands KTBUnited States$4.21B+5%+16%13%13.2×1.1%+8.5%
Page Industries PAGEIND.NSIndia$4.22B-4%+8%19%46.8×27.7%+13.1%
Goldwin 8111.TJapan$1.93B-1%+4%18%12.7×-6.3%+8.7%
Puma PUM.DEGermany$4.42B+4%-19%-6%n/an/an/a

Questions

Who are Hugo Boss's main competitors?
Named competitors: Ralph Lauren (RL), PVH (Tommy Hilfiger) (PVH), Zegna (ZGN), Burberry (BRBY.L). The cockpit's measured peer set (industry) also includes Steven Madden (SHOO), Crystal International (2232.HK), Eclat Textile (1476.TW), Star Shine (1440.HK), Yue Yuen Industrial (Holdings) (0551.HK), FIGS (FIGS).
Is Hugo Boss expensive compared with its peers?
On forward p/e it trades at 15.4× against a peer median of 14.9×, 9th most expensive of 19 in its peer set. For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -24 pp: the price already allows for a slowdown.
How has Hugo Boss stock performed?
Over six months to 6 Nov 2026 the shares returned +8.0% against +1.8% for the median peer; over one year +3.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.