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Multiples Luxury Index

Curated by Multiples, this index tracks publicly listed luxury goods companies globally.

Explore the Multiples Luxury Index

52

public companies tracked

$1.1T

cumulative enterprise value

1.4x

median EV/NTM revenue multiple

5%

median NTM/LTM revenue growth

Index Performance

This chart shows the weighted market cap evolution over time for the Multiples Luxury Index constituents, indexed to 0% at the beginning of the period.

+0.0%

Multiples Luxury Index

Data as of 01 April 2026. Underlying financial data from FactSet and Morningstar. S&P 500 and NASDAQ data sourced from Yahoo Finance.

Key Index Metrics

This chart shows the median evolution over time of key valuation metrics for the Multiples Luxury Index constituents.

Valuation Benchmarks

This chart shows the regression relationship between valuation metrics across companies in the Multiples Luxury Index.

x-axis:
y-axis:

Data as of April 1, 2026. Companies with EV multiples above 50x and y-axis values above 250% are considered non-meaningful and excluded from calculation.

Company Rankings

This chart shows company rankings by selected metric within the Multiples Luxury Index.

Metric:

Data as of April 1, 2026. Companies with EV multiples above 50x and y-axis values above 300% are considered non-meaningful and excluded from calculation.

Companies Side-by-Side

Compare key metrics between companies in the Multiples Luxury Index.

1:
2:
3:
Metric
LVMH
Hermès
Richemont
Market Cap
$296B
$236B
$113B
EV/Revenue (NTM)
3.4x
11.1x
4.0x
EV/Gross Profit (NTM)
5.1x
15.8x
6.1x
EV/EBITDA (NTM)
11.4x
24.5x
14.5x
EV/FCF (NTM)
21.1x
42.6x
25.8x
Revenue Growth
-1%
5%
7%
Gross Margin (NTM)
67%
71%
66%
EBITDA Margin (NTM)
30%
45%
28%
FCF Margin (NTM)
16%
26%
16%
Rule of 40
31%
53%
34%
Rule of X
33%
65%
44%

Data as of April 1, 2026.

Cumulative Metrics

This chart shows the cumulative sum of selected metrics across all companies in the Multiples Luxury Index, over time.

Index Methodology

Similar to the NASDAQ 100 Index, the Multiples Luxury Index employs a modified market capitalization weighting scheme.

The weight process uses company-level weights, which are derived using company market capitalization.

Company weights are evaluated based on two rules:

Rule 1

No company's weight may exceed 24%.

Rule 2

The aggregate weight of the companies whose weights exceed 4.5% may not exceed 48%.

If neither rule is 'violated', then no adjustments are made. Only in cases where either or both of the rules are 'violated', weight adjustments are made according to a two-stage adjustment process.

Rule 1 adjustment

If no company's initial weight exceeds 24% of the Index, initial weights are used as Rule 1 weights without adjustment. Otherwise, initial weights are adjusted such that no company's weight may exceed 20% of the Index.

Rule 2 adjustment

If the aggregate weight of the companies whose Rule 1 weights exceeds 4.5% and does not exceed 48%, Rule 1 weights are used as the final weights. Otherwise, Rule 1 weights are adjusted such that:

  • The aggregate weight of the companies whose Rule 1 weights exceeded 4.5% is set to 40%.
  • Companies with Rule 1 weights below 4.5% may also have their weights adjusted to keep the initial rank order of all companies.

If the two-stage rule process results in a 'violation' of the weighting rules as previously detailed, then the process is repeated until the company weights meet the rule system.

Companies Included in the Multiples Luxury Index

This index tracks publicly listed luxury goods companies worldwide.

FR
5.7%
$596
+6%
$296B
3.4x
-1%
67%
30%
16%
31%
$448K
FR
5.7%
$2,254
-18%
$236B
11.1x
5%
71%
45%
26%
53%
$31M
CH
3.7%
$19
+9%
$113B
4.0x
7%
66%
28%
16%
34%
$630K
FR
3.3%
$569
+9%
$103B
$429K
IT
7.0%
$363
-21%
$64B
7.4x
3%
52%
39%
19%
45%
$1M
DE
4.6%
$46
-9%
$42B
1.1x
-2%
21%
18%
5%
15%
$985K
IN
4.4%
$46
+26%
$41B
4.6x
17%
23%
11%
5%
29%
$812K
FR
8.2%
$311
+51%
$38B
3.1x
0%
73%
27%
19%
28%
$373K
US
6.8%
$156
+121%
$32B
4.2x
7%
76%
25%
18%
33%
$369K
HK
3.5%
$2
+26%
$16B
1.6x
4%
29%
16%
11%
21%
$442K
IT
3.1%
$6
-10%
$14B
2.2x
11%
82%
34%
14%
47%
$409K
CH
8.4%
$227
+25%
$12B
1.3x
2%
80%
13%
5%
14%
$243K
IT
4.4%
$90
-21%
$6B
4.0x
7%
75%
29%
10%
36%
$441K
DK
4.0%
$75
-50%
$6B
1.5x
0%
75%
28%
11%
30%
$122K
GB
3.8%
$15
+51%
$5B
2.0x
5%
68%
25%
11%
28%
$376K
US
2.8%
$96
+62%
$4B
0.7x
1%
40%
10%
6%
11%
$247K
CN
2.0%
$4
+81%
$3B
0.3x
35%
0%
4%
2%
45%
CN
2.0%
$5
-7%
$3B
0.3x
6%
9%
6%
3%
13%
$4M
CN
1.9%
$2
+31%
$3B
US
1.7%
$19
+29%
$2B
1.0x
2%
62%
8%
7%
3%
$313K
CN
1.4%
$2
-5%
$2B
1.1x
9%
24%
15%
23%
CN
1.3%
$5
+22%
$2B
4.8x
13%
67%
22%
34%
CN
1.3%
$2
+38%
$2B
1.0x
18%
19%
10%
6%
26%
$713K
CN
1.1%
$6
+47%
$2B
GB
1.1%
$6
+37%
$2B
0.9x
8%
11%
4%
19%
$729K
BR
1.0%
$6
+39%
$1B
2.3x
15%
28%
13%
58%
$113K
CN
0.9%
$3
$1B
1.1x
15%
26%
17%
33%
$464K
CN
0.9%
$0
+22%
$1B
$97K
IT
0.9%
$7
+17%
$1B
1.6x
1%
70%
20%
5%
19%
$281K
CA
0.8%
$12
+44%
$1B
1.3x
5%
71%
19%
7%
25%
$220K
IN
0.4%
$3
-10%
$553M
0.7x
15%
15%
7%
2%
26%
$255K
US
0.4%
$25
+78%
$547M
0.7x
1%
55%
8%
8%
$461K
IN
0.3%
$1
-25%
$434M
$400M
DE
0.3%
$52
+6%
$388M
$132K
US
0.3%
$13
+111%
$349M
1.4x
2%
24%
8%
6%
3%
$780K
IT
0.2%
$46
+30%
$247M
$868K
CN
0.1%
$2
-16%
$202M
2.4x
3%
-26%
-35%
-25%
$143K
AU
0.1%
$0
+4%
$127M
0.2x
3%
2%
0%
3%
$5M
IT
0.1%
$4
-62%
$93M
0.5x
3%
11%
13%
$451K
FR
0.1%
$0
-21%
$88M
$312K
CN
0.1%
$0
+58%
$87M
$23K
IT
0.0%
$21
+50%
$58M
$978K
HK
0.0%
$2
-24%
$48M
CA
0.0%
$0
+44%
$38M
PL
0.0%
$24
+64%
$25M
$30M
US
0.0%
$2
+6%
$25M
(0.0x)
5%
55%
2%
2%
7%
$566K
DE
0.0%
$3
+7%
$15M
0.3x
6%
49%
4%
2%
10%
$259K
FR
0.0%
$46
+2%
$10M
3.6x
39%
30%
9%
73%
JP
0.0%
$9
+4%
$9M
$92K
US
0.0%
$0
$8M
$14K
IT
0.0%
$2
-38%
$6M
$519K
PL
0.0%
$0
-12%
$4M

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