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* GuruFocus does not store EPV value into our database if Average Maintenance CAPEX is 0.
Margin of Safety is
-270906.38
The basic concept of EPV is that one should value a stock based on the current free cash flow of a company and not on future projections which may, or may not, come true. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future. Assumption: Current profitability is sustainable.
Ermenegildo Zegna NV (FRA:JN0) Earnings Power Value (EPV) Explanation
Assumption: Current profitability is sustainable.
Earnings power value (EPV) uses a very basic equation which assumes no growth, although it does rely on an assumption about the cost of capital as well as the fact that current earnings are sustainable. It also involves several adjustments to clean up the underlying Earnings figures.
Be Aware
Though using today's earnings in calculating Earnings Power Value, GuruFocus is normalizing these earnings to the business cycle. This eliminates the effects on profitability of valuing the firm at different points in the business cycle. This means that we are considering the average earnings over 5 years.
Ermenegildo Zegna NV Earnings Power Value (EPV) Related Terms
Ermenegildo Zegna NV Earnings Power Value (EPV) Historical Data
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The historical data trend for Ermenegildo Zegna NV's Earnings Power Value (EPV) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ermenegildo Zegna NV Earnings Power Value (EPV) Chart
FRA:JN0 vs PVH, KTB, COLM: Earnings Power Value (EPV) Comparison
For the Apparel Manufacturing subindustry, Ermenegildo Zegna NV's Earnings Power Value (EPV), along with its competitors' market caps and Earnings Power Value (EPV) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ermenegildo Zegna NV Earnings Power Value (EPV) vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ermenegildo Zegna NV's Earnings Power Value (EPV) distribution charts can be found below:
* The bar in red indicates where Ermenegildo Zegna NV's Earnings Power Value (EPV) falls into.
Ermenegildo Zegna NV Earnings Power Value (EPV) Calculation
Earnings Power Value also known as just Earnings Power is a valuation technique popularised by Bruce Greenwald, an authority on value investing at Columbia University. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future.
The basic concept of EPV is that one should value a stock based on the current free cash flow of a company and not on future projections which may, or may not, come true. This valuation tool excludes the potential growth that a company may have so that needs to be looked at separately. Since future growth is excluded from the analysis, only the maintenance capital expenditures are subtracted from after-tax EBIT (earnings before interest and taxes) and growth capex is ignored.
What does a Earnings Power Value (EPV) of €0.00 mean?
Ermenegildo Zegna NV (FRA:JN0) has a Earnings Power Value (EPV) of €0.00 as of Sep21. Bruce Greenwald's earnings power value focuses on current earnings without factoring in future growth. View historical data on Ermenegildo Zegna NV and its competitors.
Is Ermenegildo Zegna NV's Earnings Power Value (EPV) too high?
Ermenegildo Zegna NV's current Earnings Power Value (EPV) is €0.00. Overall, Ermenegildo Zegna NV has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ermenegildo Zegna NV's Earnings Power Value (EPV) compare to PVH and KTB?
Ermenegildo Zegna NV's Earnings Power Value (EPV) of €0.00 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Power Value (EPV) for a Manufacturing - Apparel & Accessories company?
A good Earnings Power Value (EPV) depends on the Manufacturing - Apparel & Accessories industry context. However, Earnings Power Value (EPV) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Power Value (EPV) mean?
A high Earnings Power Value (EPV) can signal that a stock is expensive relative to its fundamentals. Bruce Greenwald's earnings power value focuses on current earnings without factoring in future growth. View historical data on Ermenegildo Zegna NV and its competitors. Ermenegildo Zegna NV's current Earnings Power Value (EPV) is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ermenegildo Zegna NV stock overvalued right now?
Based on GuruFocus' analysis, Ermenegildo Zegna NV (FRA:JN0) is currently considered Fairly Valued. The stock's GF Value™ is €10.02, compared to a current price of €10.64 — trading 6.2% above its estimated fair value. The current Earnings Power Value (EPV) is €0.00. Ermenegildo Zegna NV's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Power Value (EPV) calculated?
Earnings Power Value (EPV) is calculated from a company's financial statements. For Ermenegildo Zegna NV (FRA:JN0), the current Earnings Power Value (EPV) is €0.00 as of Sep21. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ermenegildo Zegna NV (FRA:JN0) Overvalued in 2026?
Based on GuruFocus' analysis, Ermenegildo Zegna NV stock appears to be overvalued.
The current stock price of €10.64 is trading 6.2% above its estimated GF Value™ of €10.02.
GuruFocus considers Ermenegildo Zegna NV to be Fairly Valued.
Key valuation signals for FRA:JN0:
Earnings Power Value (EPV): €0.00
GF Value™: €10.02 vs. price of €10.64 (6.2% above fair value)
No single metric tells the full story. See the FRA:JN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ermenegildo Zegna NV designs creates, and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear, and accessories under the Thom Browne brand. The company operates in three segments: the Zegna segment (comprising three product lines: Zegna Branded Products, Textile, and Third Party Brands); the Thom Browne segment, and the Tom Ford Fashion segment. The company generates the majority of revenue from the Zegna segment.
84GF Score
Get the complete analysis for FRA:JN0
Earnings Power Value (EPV) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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