Steven MaddenSHOO 92 ROE % is 32.29% as of Mar. 2026, which is 88% above its 10-year median of 17.17. GuruFocus rates SHOO with a GF Score™ of 92/100 and a GF Value™ of $49.25 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,025 Manufacturing - Apparel & Accessories companies, Steven Madden ranks better than 69.46% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Steven Madden's annualized net income for the quarter that ended in Mar. 2026 was $287 Mil. Steven Madden's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $890 Mil. Therefore, Steven Madden's annualized ROE % for the quarter that ended in Mar. 2026 was 32.29%.
The historical rank and industry rank for Steven Madden's ROE % or its related term are showing as below:
SHOO'
s ROE % Range Over the Past 10 Years
Min: -2.29 Med: 17.17 Max: 26.29
Current: 8.76
During the past 13 years, Steven Madden's highest ROE % was 26.29%. The lowest was -2.29%. And the median was 17.17%.
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:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Steven Madden ROE % Related Terms
Steven Madden ROE % Historical Data
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The historical data trend for Steven Madden'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.
For the Footwear & Accessories subindustry, Steven Madden'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.
Steven Madden ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Steven Madden's ROE % distribution charts can be found below:
* The bar in red indicates where Steven Madden's ROE % falls into.
* 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 (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Steven Madden (SHOO) has a ROE % of 32.29% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Steven Madden and its competitors. This is 88% above median its historical median of 17.17. According to the industry distribution chart, Steven Madden ranks #313 out of 1025 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 30.5%.
Is Steven Madden's ROE % too high?
Steven Madden's current ROE % of 32.29% is 88% above median its 10-year median of 17.17. The Manufacturing - Apparel & Accessories industry median ROE % is 4.13. Steven Madden's value of 32.29% is 681.8% above this industry median. Based on the distribution chart, Steven Madden ranks #313 out of 1025 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Steven Madden has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Steven Madden's ROE % compare to WWW and CROX?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Steven Madden ranks #313 out of 1025 companies for ROE %. This puts Steven Madden in the upper half of its industry. The industry median ROE % is 4.13. Steven Madden's value of 32.29% is 681.8% above this benchmark. While the company's 10-year median is 17.17 vs. the industry median of 4.13, Steven Madden 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.13, based on 1,025 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. Steven Madden's current ROE % of 32.29% is 681.8% 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 Steven Madden and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steven Madden's current ROE % is 32.29%, which is 88% above median its own 10-year median of 17.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steven Madden stock overvalued right now?
Based on GuruFocus' analysis, Steven Madden (SHOO) is currently considered Modestly Undervalued. The stock's GF Value™ is $49.25, compared to a current price of $42.29 — trading 14.1% below its estimated fair value. The current ROE % is 32.29%, which is 88% above median its 10-year median of 17.17 and 681.8% above the Manufacturing - Apparel & Accessories industry median of 4.13. Steven Madden's overall GF Score™ is 92/100 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 Steven Madden (SHOO), the current ROE % is 32.29% as of Mar. 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 Steven Madden (SHOO) Overvalued in 2026?
Based on GuruFocus' analysis, Steven Madden stock appears to be undervalued.
The current stock price of $42.29 is trading 14.1% below its estimated GF Value™ of $49.25.
GuruFocus considers Steven Madden to be Modestly Undervalued.
Key valuation signals for SHOO:
ROE %: 32.29% (88% above median its 10-year median of 17.17)
GF Value™: $49.25 vs. price of $42.29 (14.1% below fair value)
Industry Position: 681.8% above the Manufacturing - Apparel & Accessories median (#313 of 1025)
No single metric tells the full story. See the SHOO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steven Madden Ltd and its subsidiaries design, source, and market branded and private label footwear, accessories, and apparel. Its offerings include contemporary styles and core products, known for design creativity, trend-right offerings, high quality, and accessible price points. It operates through four segments: Wholesale Footwear, which generates maximum revenue and sells footwear globally; Wholesale Accessories/Apparel, which sells handbags and apparel through wholesale channels; Direct-to-Consumer, which sells footwear, handbags, apparel, and accessories through stores, outlets, e-commerce, and concessions; and Licensing, which licenses Steve Madden, Betsey Johnson, and Kurt Geiger trademarks, with the Company generating the majority of its revenue from the USA.
92GF Score
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