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Multiples Luxury Index

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

Explore the Multiples Luxury Index

public companies
tracked

$1.1T

cumulative
enterprise value

1.4x

median EV/NTM revenue multiple

median NTM/LTM revenue growth

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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.

+5.8%

Multiples Luxury Index

Data as of 16 August 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 August 16, 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 August 16, 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.

Metric	LVMH	Hermès	Richemont
Market Cap	$261B	$191B	$139B
EV/Revenue (NTM)	3.0x	8.7x	4.5x
EV/Gross Profit (NTM)	4.4x	12.4x	7.0x
EV/EBITDA (NTM)	10.1x	19.3x	15.7x
EV/FCF (NTM)	19.6x	33.5x	28.0x
Revenue Growth	2%	6%	10%
Gross Margin (NTM)	69%	71%	65%
EBITDA Margin (NTM)	30%	45%	29%
FCF Margin (NTM)	15%	26%	16%
Rule of 40	30%	50%	38%
Rule of X	30%	58%	54%

Data as of August 16, 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.


LVMH	3.9%	$530	-10%	$261B	3.0x	2%	69%	30%	15%	30%	$434K
Hermès	4.0%	$1,823	-25%	$191B	8.7x	6%	71%	45%	26%	50%	$30M
Richemont	5.5%	$237	+36%	$139B	4.5x	10%	65%	29%	16%	38%	$667K
Christian Dior	3.5%	$484	-14%	$87B	-	-	-	-	-	-	$434K
Ferrari	5.7%	$412	-14%	$72B	8.0x	7%	52%	39%	20%	46%	$1M
Titan Co.	3.7%	$53	+28%	$47B	4.6x	12%	22%	11%	5%	27%	$1M
Porsche	3.7%	$51	-3%	$47B	1.3x	-2%	18%	19%	5%	15%	$985K
Kering	5.8%	$311	+16%	$38B	2.7x	3%	72%	27%	14%	26%	$362K
Tapestry	3.9%	$129	+27%	$26B	3.3x	6%	77%	26%	19%	37%	$421K
Chow Tai Fook Jewellery	4.5%	$2	-15%	$16B	1.4x	6%	27%	16%	11%	21%	$464K
Prada	3.9%	$5	-10%	$14B	2.1x	8%	84%	33%	12%	46%	$435K
Swatch Group	3.6%	$240	+33%	$12B	1.3x	4%	82%	13%	5%	16%	$238K
Pandora	5.4%	$127	-8%	$9.5B	2.3x	3%	75%	26%	10%	33%	$119K
Brunello Cucinelli	4.0%	$103	-11%	$7B	4.3x	10%	75%	30%	10%	40%	$490K
Burberry	5.6%	$15	-16%	$5.2B	1.8x	6%	69%	25%	11%	27%	$376K
Signet Jewelers	3.8%	$91	+2%	$3.5B	0.6x	1%	40%	11%	6%	11%	$247K
Watches of Switzerland	2.5%	$10	+126%	$2.3B	1.1x	9%	13%	12%	3%	22%	$800K
Henan Liliang Diamond	2.5%	$9	+113%	$2.3B	-	-	-	-	-	-	-
Lao Feng Xiang	2.4%	$4	-37%	$2.2B	0.2x	-2%	10%	6%	-	-7%	$4M
CHOW TAI SENG Jewellery	2.1%	$2	-2%	$2B	1.4x	9%	39%	20%	-	25%	-
China National Gold Group	2.0%	$1	-3%	$1.9B	0.1x	10%	3%	1%	-	13%	-
Salvatore Ferragamo	2.0%	$11	+102%	$1.8B	2.0x	3%	70%	21%	5%	19%	$267K
Beijing Caishikou	1.9%	$2	+18%	$1.8B	0.2x	27%	5%	5%	-	42%	-
Capri Holdings	1.9%	$15	-25%	$1.7B	0.9x	0%	64%	9%	7%	0%	$245K
DR Corp	1.5%	$3	-31%	$1.4B	2.9x	9%	68%	20%	-	22%	-
Guangdong CHJ Industry	1.5%	$2	-27%	$1.4B	0.8x	17%	22%	11%	-	29%	$731K
Gens Aurea	1.2%	$11	-	$1.1B	-	-	-	-	-	-	$860K
Beijing Kingee Culture	1.1%	$0	-27%	$1.1B	-	-	-	-	-	-	$234K
Vivara	1.0%	$4	-25%	$944M	1.6x	13%	70%	26%	14%	51%	$102K
Canada Goose	0.9%	$9	-33%	$851M	1.1x	3%	70%	20%	8%	24%	$249K
Movado Group	0.9%	$36	+98%	$803M	0.9x	3%	55%	9%	-	11%	$461K
Zhou Liu Fu Jewellery	0.8%	$2	-68%	$746M	0.7x	8%	30%	19%	-	22%	$486K
Senco Gold	0.6%	$4	-15%	$586M	0.7x	21%	20%	7%	1%	34%	$304K
Envela	0.4%	$16	+115%	$416M	1.5x	-2%	23%	10%	7%	21%	$780K
Bijou Brigitte	0.4%	$55	+17%	$410M	-	-	-	-	-	-	$135K
FOPE	0.4%	$60	+28%	$325M	2.1x	19%	56%	22%	2%	45%	$1M
YONDOSHI HOLDINGS	0.3%	$13	+14%	$286M	0.7x	8%	33%	-	-	24%	$157K
Rajesh Exports	0.3%	$1	-57%	$252M	-	-	-	-	-	13%	$727M
Dexelance	0.2%	$2	-61%	$144M	0.6x	7%	-	11%	-	29%	$449K
Look Holdings	0.1%	$17	-4%	$126M	-	-	-	-	-	-	$160K
Lanvin Group	0.1%	$1	-49%	$125M	2.3x	2%	-	-23%	-38%	-25%	$106K
S. T. Dupont	0.1%	$0	-11%	$98M	-	-	-	-	-	10%	$309K
Cettire	0.1%	$0	-9%	$72M	0.1x	5%	-	2%	0%	2%	$5M
Ernest Borel Holdings	0.1%	$0	+19%	$68M	-	-	-	-	-	-	$19K
AsiaStrategy	0.1%	$3	-46%	$67M	-	-	-	-	-	-	$2M
Culti Milano	0.1%	$22	+22%	$60M	-	-	-	-	-	-	-
Mene	0.0%	$0	+5%	$32M	-	-	-	-	-	-	-
Brilliant Earth Group	0.0%	$1	-54%	$22M	(0.0x)	5%	57%	3%	5%	8%	$566K
elumeo	0.0%	$3	+2%	$15M	0.3x	6%	50%	4%	2%	8%	$236K
Mennica Skarbowa	0.0%	$14	-2%	$13M	-	-	-	-	-	-	$31M
K-uno	0.0%	$11	-2%	$11M	-	-	-	-	-	-	$89K
Gismondi 1754	0.0%	$2	-21%	$7M	0.9x	14%	61%	14%	10%	20%	$454K
Odiot	0.0%	$24	-49%	$7M	2.4x	50%	-	23%	-6%	-	-
Polaris IT Group	0.0%	$0	-	$5M	-	-	-	-	-	-	-
Kandal M Venture	0.0%	$0	-98%	$4M	-	-	-	-	-	5%	$14K
Gaucho Group Holdings	0.0%	$1	-	$1M	-	-	-	-	-	-	$29K