Intrinsiqs

Is Macy's, Inc. overvalued?

Macy's, Inc. (M) looks undervalued — trading about 21% below its fair value.

Undervalued
Current price $23.84 Fair value $28.86
Price
$23.84
Fair value
$28.86
Current P/E
10.4
Normal P/E
12.5
Market cap
$6.27B
Dividend yield
3.0%
Return on equity
14.4%
Sector
Consumer Cyclical

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Fair value compares M's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 11 Aug 2026.