Luxury crisis hits Hermès and drags LVMH valuation to decade lows

FinanceInternationalBloomberg LíneaOct 23, 2026, 7:40 PM35 s readAI summary

Shares of Hermès and LVMH are trading at their lowest valuation levels in more than a decade, after results that dashed hopes of a sector recovery. Hermès trades at about 27 times future earnings, versus a post-pandemic peak of roughly 70 times, and LVMH at about 16 times, its lowest level in over ten years. Both have plunged around 40% this year. Kering also disappointed on weak consumption in China.

In 35 seconds

Hermès trades at about 27 times future earnings, versus roughly 70 times after the pandemic
LVMH trades at about 16 times future earnings, its lowest level in more than a decade
Shares of both companies have plunged around 40% this year

Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

lujo
LVMH
Hermès
Kering
China

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Luxury crisis hits Hermès and drags LVMH valuation to decade lows

In 35 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day