Signet Jewelers Limited
SIG Consumer Cyclical Luxury Goods
Signet Jewelers Limited’s revenue for fiscal 2026 (year ended January 2026) was $6.8 billion, up 1.64% from fiscal 2025. In the quarter to July 2026, revenue was flat, EPS grew 709.1% and free cash flow fell 50.6%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Signet Jewelers Limited (SIG) Altman Z-score
Signet Jewelers Limited's Altman Z-score for fiscal 2026 is 3.10, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 3.10 | 0.36 |
| FY2025 | 2.74 | (0.25) |
| FY2024 | 2.99 | 0.19 |
| FY2023 | 2.81 | (0.30) |
| FY2022 | 3.10 | 1.23 |
| FY2021 | 1.87 | (0.12) |
| FY2020 | 1.99 | (0.32) |
| FY2019 | 2.31 | (1.24) |
| FY2018 | 3.55 | (0.13) |
| FY2017 | 3.67 | (0.73) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.19 | — | 0.23 | |
| Retained earnings / total assets | 0.67 | — | 0.94 | |
| EBIT / total assets | 0.07 | — | 0.22 | |
| Market value of equity / total liabilities | 0.96 | — | 0.57 | |
| Sales / total assets | 1.14 | — | 1.14 | |
| Altman Z-score | Safe zone | 3.10 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.40 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ELA Envela Corporation compare | 11.4× |
| TPR Tapestry, Inc. compare | 4.7× |
| MOV Movado Group Inc. compare | 3.8× |
| CPRI Capri Holdings Limited compare | 3.5× |
| SIG Signet Jewelers Limited | 3.1× |
| BRLT Brilliant Earth Group, Inc. compare | 2.5× |
| LUXE LuxExperience B.V. - Sponsored ADR compare | 2.3× |
| REAL The RealReal, Inc. compare | −1.7× |
| LANV Lanvin Group Holdings Limited compare | −4.4× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets