Victoria's Secret (FRA:8FR) ROE %: 23.39% (As of Apr. 2026) — 14% Below Median


FRA:8FR Victoria's Secret & Co FRA:8FR
64 GF Score
Price €72.14
GF Value €20.17
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Victoria's Secret ROE %?

Victoria's Secret FRA:8FR +2.18% 64 ROE % is 23.39% as of Apr. 2026, which is 14% below its 10-year median of 27.25. GuruFocus rates FRA:8FR with a GF Score™ of 64/100 and a GF Value™ of €20.17 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,097 Retail - Cyclical companies, Victoria's Secret ranks better than 88.61% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Victoria's Secret's annualized net income for the quarter that ended in Apr. 2026 was €164 Mil. Victoria's Secret's average Total Stockholders Equity over the quarter that ended in Apr. 2026 was €702 Mil. Therefore, Victoria's Secret's annualized ROE % for the quarter that ended in Apr. 2026 was 23.39%.

The historical rank and industry rank for Victoria's Secret's ROE % or its related term are showing as below:

FRA:8FR' s ROE % Range Over the Past 10 Years
Min: -68.37   Med: 27.25   Max: 112.54
Current: 29.11

During the past 8 years, Victoria's Secret's highest ROE % was 112.54%. The lowest was -68.37%. And the median was 27.25%.

FRA:8FR's ROE % is ranked better than
88.61% of 1097 companies
in the Retail - Cyclical industry
Industry Median: 6.46 vs FRA:8FR: 29.11

Victoria's Secret  (FRA:8FR) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Apr. 2026 )
=Net Income/Total Stockholders Equity
=164.16/701.953
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(164.16 / 5335.2)*(5335.2 / 4172.2065)*(4172.2065 / 701.953)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.08 %*1.2787*5.9437
=ROA %*Equity Multiplier
=3.94 %*5.9437
=23.39 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Apr. 2026 )
=Net Income/Total Stockholders Equity
=164.16/701.953
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (164.16 / 218.88) * (218.88 / 259.92) * (259.92 / 5335.2) * (5335.2 / 4172.2065) * (4172.2065 / 701.953)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.75 * 0.8421 * 4.87 % * 1.2787 * 5.9437
=23.39 %

Note: The net income data used here is four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Victoria's Secret ROE % Related Terms


Victoria's Secret ROE % Historical Data

* Premium members only.

The historical data trend for Victoria's Secret's ROE % 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.

Victoria's Secret ROE % Chart

Victoria's Secret Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
ROE %
Get a 7-Day Free Trial 119.13 110.86 27.11 31.84 20.35

Victoria's Secret Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.19 9.48 -22.23 97.15 23.39

FRA:8FR vs BOOT, ANF, AEO: ROE % Comparison

For the Apparel Retail subindustry, Victoria's Secret's ROE %, along with its competitors' market caps and ROE % 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.


Victoria's Secret ROE % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Victoria's Secret's ROE % distribution charts can be found below:

* The bar in red indicates where Victoria's Secret's ROE % falls into.


FRA:8FR
64GF Score
Victoria's Secret & Co FRA:8FR
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Victoria's Secret ROE % Calculation

Victoria's Secret's annualized ROE % for the fiscal year that ended in Jan. 2026 is calculated as

ROE %=Net Income (A: Jan. 2026 )/( (Total Stockholders Equity (A: Jan. 2025 )+Total Stockholders Equity (A: Jan. 2026 ))/ count )
=137.011/( (618.24+728.456)/ 2 )
=137.011/673.348
=20.35 %

Victoria's Secret's annualized ROE % for the quarter that ended in Apr. 2026 is calculated as

ROE %=Net Income (Q: Apr. 2026 )/( (Total Stockholders Equity (Q: Jan. 2026 )+Total Stockholders Equity (Q: Apr. 2026 ))/ count )
=164.16/( (728.456+675.45)/ 2 )
=164.16/701.953
=23.39 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Apr. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 23.39% mean?
Victoria's Secret (FRA:8FR) has a ROE % of 23.39% as of Apr. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Victoria's Secret and its competitors. This is 14% below median its historical median of 27.25. According to the industry distribution chart, Victoria's Secret ranks #125 out of 1097 companies in the Retail - Cyclical industry, placing it in the top 11.4%.
Is Victoria's Secret's ROE % too high?
Victoria's Secret's current ROE % of 23.39% is 14% below median its 10-year median of 27.25. The Retail - Cyclical industry median ROE % is 6.46. Victoria's Secret's value of 23.39% is 262.1% above this industry median. Based on the distribution chart, Victoria's Secret ranks #125 out of 1097 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Victoria's Secret has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Victoria's Secret's ROE % compare to BOOT and ANF?
According to the Retail - Cyclical industry distribution chart, Victoria's Secret ranks #125 out of 1097 companies for ROE %. This places Victoria's Secret in the top 11% of its industry — outperforming the majority of peers. The industry median ROE % is 6.46. Victoria's Secret's value of 23.39% is 262.1% above this benchmark. While the company's 10-year median is 27.25 vs. the industry median of 6.46, Victoria's Secret has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Retail - Cyclical company?
The median ROE % among Retail - Cyclical companies is 6.46, based on 1,097 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Victoria's Secret's current ROE % of 23.39% is 262.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Victoria's Secret and its competitors. For the Retail - Cyclical industry, the median ROE % is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victoria's Secret's current ROE % is 23.39%, which is 14% below median its own 10-year median of 27.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victoria's Secret stock overvalued right now?
Based on GuruFocus' analysis, Victoria's Secret (FRA:8FR) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.17, compared to a current price of €72.14 — trading 257.7% above its estimated fair value. The current ROE % is 23.39%, which is 14% below median its 10-year median of 27.25 and 262.1% above the Retail - Cyclical industry median of 6.46. Victoria's Secret's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Victoria's Secret (FRA:8FR), the current ROE % is 23.39% as of Apr. 2026. 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 Victoria's Secret (FRA:8FR) Overvalued in 2026?

Based on GuruFocus' analysis, Victoria's Secret stock appears to be overvalued. The current stock price of €72.14 is trading 257.7% above its estimated GF Value™ of €20.17. GuruFocus considers Victoria's Secret to be Significantly Overvalued.

Key valuation signals for FRA:8FR:

  • ROE %: 23.39% (14% below median its 10-year median of 27.25)
  • GF Value™: €20.17 vs. price of €72.14 (257.7% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 262.1% above the Retail - Cyclical median (#125 of 1097)

No single metric tells the full story. See the FRA:8FR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Victoria's Secret Business Description

Address 4 Limited Parkway East, Reynoldsburg, OH, USA, 43068
Victoria's Secret & Co is a retailer of women's intimate and other apparel and beauty products marketed under the Victoria's Secret, PINK, and Adore Me brand names. It also includes the merchandise sourcing and production function serving the Company and its international partners. The Company operates as a single segment designed to serve customers seamlessly through stores and online channels. The Company also includes the merchandise sourcing and production function serving the Company and its international partners.
64GF Score

Get the complete analysis for FRA:8FR

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€72.14
Price
€20.17
GF Value