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LEVI Stock Risk & Deep Value Analysis

Levi Strauss & Co

Consumer Cyclical • Apparel Manufacturing

DVR Score

3.5

out of 10

Risk Trap

What You Need to Know About LEVI Stock

We analyzed Levi Strauss & Co using our deep value framework. Sign in to see our full verdict and DVR Score.

We ran LEVI through our deep value framework — analyzing financial health, distress signals, competitive moat, and risk factors. Our risk assessment: Moderate. Here's what we found.

Updated Apr 25, 2026Run Fresh Analysis →

LEVI Risk Analysis & Red Flags

What Could Go Wrong

A significant and prolonged downturn in global consumer discretionary spending or a sustained shift in fashion trends away from denim and core casual wear could severely impact Levi's revenue and profitability, given its reliance on these market dynamics.

Risk Matrix

Overall

Moderate

Financial

Low

Market

Medium

Competitive

High

Execution

Medium

Regulatory

Low

Red Flags

  • Slight year-over-year decline in operating and gross margins (Q1 2026, though expected to expand in FY26)

  • Intense competition from fast fashion and agile direct-to-consumer brands

  • Potential for brand erosion among younger demographics if innovation lags

Upcoming Risk Events

  • 📅

    Global economic slowdown impacting discretionary consumer spending

  • 📅

    Increased raw material costs or supply chain disruptions

  • 📅

    Adverse shifts in fashion trends away from denim

When to Reconsider

  • 🚪

    Quarterly organic revenue growth decelerates below 5% for two consecutive quarters

  • 🚪

    Adjusted EBIT margin consistently falls below 10%

  • 🚪

    Management revises full-year guidance downwards significantly

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What Does Levi Strauss & Co (LEVI) Do?

Market Cap

$8.65B

Sector

Consumer Cyclical

Industry

Apparel Manufacturing

Employees

18,700

Levi Strauss & Co. designs, markets, and sells apparels and related accessories for men, women, and children in the United States and internationally. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co., Denizen, and Beyond Yoga brands. It also licenses Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets, bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery. In addition, the company sells its products through third-party retailers, such as department stores, specialty retailers, third-party e-commerce sites, and franchisees; and directly to consumers through various formats, including company-operated mainline and outlet stores, company-operated e-commerce sites, and select shop-in-shops located in department stores and other third-party retail locations. Further, the company operates brand-dedicated stores and shop-in-shops. Levi Strauss & Co. was founded in 1853 and is headquartered in San Francisco, California.

Visit Levi Strauss & Co Website

Investment Thesis

Levi Strauss & Co. represents a stable investment in a globally recognized and enduring brand that is effectively executing a multi-faceted growth strategy centered on direct-to-consumer expansion, product diversification, and international market penetration. Despite the mature nature of the apparel industry, Levi's consistent profitability, robust cash flow generation, and commitment to shareholder returns (via dividends and share repurchases) make it an attractive long-term holding for value-oriented investors, though it is not positioned for exponential 10x growth in the near to medium term.

Is LEVI Stock Undervalued?

Levi Strauss & Co. (LEVI) continues to demonstrate strong operational execution within its strategic priorities. Q1 2026 results showed robust revenue (+14% reported, +9% organic) and EPS (+29% diluted) growth, significantly beating consensus, and the company raised its FY2026 guidance. The ongoing shift to direct-to-consumer (52% of revenues, +10% growth) and diversification into women's and tops categories are proving successful. However, despite this commendable performance, LEVI remains a mature, globally recognized apparel brand in a highly competitive industry. These positive developments, while enhancing incremental growth and stability, do not introduce a disruptive pathway for 10x growth (to ~$85B market cap) within 3-5 years. The company's established market position inherently limits the exponential, transformative returns required for such a growth target, although strong execution slightly improves its overall prospects for significant market re-rating.

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LEVI Price Targets & Strategy

12-Month Target

$26.10

Bull Case

$29.60

Bear Case

$21.30

Valuation Basis

Based on 18x forward P/E applied to estimated FY26 EPS of $1.45 = $26.10

Entry Strategy

Consider dollar-cost averaging in the $21-$23 range, seeking support at the 50-day moving average.

Exit Strategy

Take 50% profit at $29.00; set a stop loss at $20.00 if fundamental outlook deteriorates.

Portfolio Allocation

3-5% for moderate risk tolerance

Price Targets & Strategy

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Is LEVI Financially Healthy?

Valuation

P/E Ratio

13.98

Forward P/E

6.21

EV/EBITDA

6.21

PEG Ratio

1.40

Price/Book

2.44

Price/Sales

1.29

Profitability

Gross Margin

61.69%

Operating Margin

10.54%

Net Margin

9.52%

Return on Equity

28.33%

Revenue Growth

5.34%

EPS

$1.56

Balance Sheet

Current Ratio

1.55

Quick Ratio

0.94

Debt/Equity

0.46

Total Debt

$2.00B

Cash & Equivalents

$500.00M

Cash Flow

Operating Cash Flow

$800.00M

Free Cash Flow

$500.00M

EBITDA

$1.00B

Other

Beta (Volatility)

1.36

Dividend Yield

2.49%

Does LEVI Have a Competitive Moat?

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Moat Rating

🛡️ Narrow

Moat Trend

Stable

Moat Sources

3 Identified

Brand PowerIntangible Assets/IPEfficient Scale

The Levi's brand has demonstrated exceptional durability and cultural relevance for over 150 years, creating strong customer loyalty and significant barriers for new entrants in the core denim market. Its global reach and established supply chain also confer cost advantages.

Moat Erosion Risks

  • Rapid shifts in consumer preferences away from denim or core casual wear
  • Intensified competition from private labels and digitally native brands
  • Failure to innovate and adapt to evolving fashion trends and sustainability demands

LEVI Competitive Moat Analysis

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LEVI Market Intelligence

Sentiment & Insider Activity

Social Sentiment

Neutral

Institutional Sentiment

Positive (UBS reaffirmed buy and raised price target post-Q1 earnings)

Insider Activity (Form 4)

No Form 4 filings reported in available data.

Options Flow

Normal options activity.

Earnings Intelligence

Next Earnings

Estimated late June/early July 2026 (Q2 2026)

Surprise Probability

Medium

Historical Earnings Pattern

Tends to react positively to earnings beats and guidance raises, as observed with Q1 2026 results.

Key Metrics to Watch

Organic revenue growth rateDirect-to-Consumer (DTC) channel revenue growth and contributionGross and adjusted EBIT margin trendsInternational segment performance (Europe, Asia)

Competitive Position

Top Competitor

Nike (NKE)

Market Share Trend

Stable to gaining in specific categories (women's, tops) and channels (DTC) through strategic focus.

Valuation vs Peers

Levi's typically trades at a slight premium to general apparel peers due to its brand equity, but at a discount to high-growth, innovative lifestyle brands.

Competitive Advantages

  • Iconic global brand recognition and heritage
  • Extensive global distribution network and supply chain
  • Strong and growing direct-to-consumer (DTC) channel
  • Expertise in denim product innovation and quality

Market Intelligence

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What Could Drive LEVI Stock Higher?

Near-Term (0-6 months)

  • Q2 2026 Earnings (Estimated late June/early July 2026)
  • Continued strong direct-to-consumer (DTC) growth above 10%
  • Successful integration and benefits from Dockers brand sale

Medium-Term (6-18 months)

  • Further international market expansion, particularly in Asia and Europe
  • Sustained growth in non-denim categories (women's, tops)
  • Margin expansion through cost efficiencies and pricing power

Long-Term (18+ months)

  • Leveraging brand strength for strategic acquisitions in adjacent lifestyle categories
  • Deepening customer loyalty through digital initiatives and personalized experiences
  • Further optimization of the global supply chain for efficiency

Catalysts & Growth Drivers

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What's the Bull Case for LEVI?

  • Sustained organic revenue growth above market expectations

  • Expansion of gross and adjusted EBIT margins

  • Positive free cash flow generation and consistent capital returns

Bull Case Analysis

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Competing with LEVI

See how Levi Strauss & Co compares to related companies

CompanyMarket CapDVR ScoreP/ERevenueProfit MarginRev Growth

Levi Strauss & Co

LEVI

$8.6B3.514.0$6.5B9.5%5.3%

Amazon.com Inc

AMZN

$2.8T2.030.4$638.0B12.2%14.2%Compare →

Home Depot Inc

HD

0.5Compare →

McDonald's Corp

MCD

$221.1B0.126.4Compare →

Nike Inc

NKE

$65.8B1.029.2$46.3B4.8%-2.7%Compare →

Tesla Inc

TSLA

$1.5T4.2380.1$94.8B4.0%2.3%Compare →

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How Levi Strauss & Co Makes Money

Levi Strauss & Co. is a global apparel company primarily known for its iconic denim products, including jeans, jackets, and accessories, sold under brands like Levi's and Signature by Levi Strauss & Co. (The Dockers brand was recently sold). The company generates revenue by designing, manufacturing, and marketing these products, selling them through a dual distribution model: its own branded retail stores and e-commerce platforms (direct-to-consumer or DTC), and through wholesale channels to department stores, specialty retailers, and franchised stores worldwide. Its customers are global consumers seeking quality, authentic, and fashionable casual wear.

Read Full Business Model Breakdown

FAQ

What is the DVR Score for Levi Strauss & Co (LEVI)?

As of April 25, 2026, Levi Strauss & Co has a DVR Score of 3.5 out of 10, placing it in the "Risk Trap" category. This score is generated by our AI-powered deep value analysis framework that evaluates growth potential, financial health, competitive moat, and risk factors.

What is the market capitalization of Levi Strauss & Co?

Levi Strauss & Co's market capitalization is approximately $8.6B. The company operates in the Consumer Cyclical sector within the Apparel Manufacturing industry.

What ticker symbol does Levi Strauss & Co use?

LEVI is the ticker symbol for Levi Strauss & Co. The company trades on the NYQ.

What is the risk level for LEVI stock?

Our analysis rates Levi Strauss & Co's overall risk as Moderate. This assessment considers execution risk, market risk, financial risk, competitive risk, and regulatory risk. For a full breakdown, see the risk analysis section above.

What is the P/E ratio of LEVI?

Levi Strauss & Co currently has a price-to-earnings (P/E) ratio of 14.0. This is below the market average, which could indicate the stock is undervalued or facing headwinds.

Does Levi Strauss & Co pay a dividend?

Yes, Levi Strauss & Co pays a dividend with a current yield of approximately 2.49%.

Is Levi Strauss & Co's revenue growing?

Levi Strauss & Co has reported revenue growth of 5.3%. The company is growing at a moderate pace.

Is LEVI stock profitable?

Levi Strauss & Co has a profit margin of 9.5%. The company is profitable but margins are modest.

How often is the LEVI DVR analysis updated?

Our AI-powered analysis of Levi Strauss & Co is refreshed regularly to incorporate the latest financial data, market conditions, and news. The most recent update was on April 25, 2026.

Important Disclaimer – Not Financial Advice

Deep Value Reports is an independent research platform for educational and informational purposes only. We are not financial advisors, investment advisors, or licensed professionals. The analysis, scores, and information provided on this page for LEVI (Levi Strauss & Co) should not be construed as personalized investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services.

All investments involve risk, including the potential loss of principal. Past performance does not guarantee future results. Always conduct your own research, consider your financial situation, and consult with a qualified financial advisor before making any investment decisions.

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