Ross Stores, Inc. (ROST)
POSITIVEファンダメンタル
74
株価
$241.15
時価総額
$77.48B
パート1 · 企業の価値
概要
Ross Stores runs two off-price retail chains, Ross Dress for Less and dd's DISCOUNTS, selling brand-name and designer clothing, accessories and home goods at 20% to 70% below department-store prices. It buys opportunistically — closeout merchandise, canceled orders, overproduction — rather than commissioning goods to order, and keeps stores simple and low-cost to run. With nearly 2,300 stores across the U.S. and almost no online sales, its business is built entirely around the physical, discount treasure-hunt shopping trip.
収益の仕組み
Ross earns its margin from buying inventory well below wholesale — often from manufacturers with excess stock who need to sell it fast and quietly — and passing part of that discount to shoppers while keeping the rest. Because it commits to almost no advertising and runs no-frills stores, its cost structure sits well below a full-price retailer's, letting relatively thin markups still produce solid profit. The trade-off is that it depends on a constant supply of discounted, in-season, name-brand goods being available to buy.
競争優位性（moat）
コスト優位性 · 狭いRoss runs lean stores with little advertising and a fast, flexible buying model that lets it turn excess inventory from many manufacturers into cheap merchandise quickly. That keeps its costs — and prices — below a typical retailer's. But the model is not unique: TJX and Burlington run close variations of it, all competing for the same pool of discounted goods.
需要を左右する要因
中程度の景気循環性Off-price retail tends to hold up better than full-price stores in a downturn, as value-conscious shoppers trade down rather than stop buying — but it is not immune: a severe pullback in discretionary spending or a shrinking supply of quality closeout inventory both hurt sales, and elevated tariffs can squeeze the sourcing economics the whole model depends on.
主なリスク
- Import tariffs and global sourcing — A large share of merchandise originates outside the U.S., so new or higher tariffs raise Ross's cost of goods and can also dampen consumer demand broadly, a double hit to the business.
- Dependence on a supply of discounted goods — The off-price model needs a steady flow of quality, name-brand closeout inventory. As more retailers compete for the same pool, and as brands sell directly to consumers instead of liquidating excess stock, that supply can tighten.
- Intensifying competition — Ross competes with other off-price chains, department stores, online retailers and brands' own direct-to-consumer channels, all chasing the same value-seeking shopper.
- Sensitivity to consumer spending — Inflation, weaker employment or declining consumer confidence can reduce discretionary purchases of clothing and home goods even at a discount, directly hitting sales and margins.
強気材料
Buyers argue that Ross's low-cost, no-frills model and flexible buying let it keep growing profitably through both good times and bad, that its off-price format benefits when shoppers trade down, and that record fiscal 2025 sales and margins above plan show the model still has room to run.
弱気材料
Sellers worry that tariffs on imported goods raise costs precisely when value-focused shoppers can least absorb higher prices, that competition for discounted inventory is intensifying as brands sell more directly to consumers, and that a chain built for physical treasure-hunt shopping has limited room to defend itself if that habit fades.
Written by the editors, published on 2026年8月18日
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
貸借対照表と流動性
売上高
$23.78B
直近12か月（2026/5/2まで）
純利益
$2.32B
直近12か月（2026/5/2まで）
フリーキャッシュフロー
$2.21B
自己資本合計
$6.19B
負債合計
$9.36B
流動比率
1.54
利払い倍率
21.70
負債/EBITDA
1.47
一株当たり利益（EPS）
売上高と純利益
フリーキャッシュフロー
収益内訳
財務推移表
利益率の推移
負債の推移
負債の重さ
成長率グリッド
成長率 — 売上高
適正価値の推定
適正価値
$387.83
現在株価
$241.15
安全マージン
+37.8%
適正価値レンジ
$252.09 - $523.57
推定方法
バリュエーション指標
P/E レシオ
33.73
ROE
34.7%
P/B レシオ
12.29
P/FCF
29.43
粗利益率
28.1%
ROIC
21.6%
収益性レーダー
Value Creation (Economic Moat)
ROIC
21.6%
WACC
8.8%
ROIC − WACC
+12.7 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
ファンダメンタル分析基準
合格（21）
- EPS shows upward trend
- EPS CAGR 6.33%
- Price CAGR 13.81%
- ROIC 21.6%
- P/FCF 29.43
- Debt/Equity ratio
- Operating Margin 12.2%
- Positive Free Cash Flow
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- Low reliance on intangibles
- ROE 38.4%
- Revenue Growth 5Y 12.7%
- Analyst Consensus 73% Buy
- Earnings Surprise avg 6.8%
- PEG Ratio 0.36
- Earnings Quality (OCF/NI) 1.49
- Share Dilution -1.9%
- Piotroski F-Score 6/9
不合格（6）
- Gross Margin 28.1%
- P/B Ratio 12.29
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
- Net Margin Trend 9.7% vs 9.8%
データなし（1）
- Dividend Payout NaN%
Piotroski F-スコア
まちまちのシグナル：一部の領域に注意が必要
利益の質
高品質：利益はキャッシュに裏付けられている
株式希薄化
株式を買い戻している。株主に友好的
ガバナンス
経営陣
| 氏名 | 役職 | 年齢 |
|---|---|---|
| Mr. James G. Conroy | CEO & Director | 55 |
| Mr. Michael J. Hartshorn | Group President, COO & Director | 57 |
| Mr. William W. Sheehan II | Executive VP & CFO | 56 |
| Ms. Karen Fleming | President & Chief Merchandising Officer - Ross Dress for Less | 58 |
| Mr. Jeffrey P. Burrill | Group Senior VP, Corporate Controller & Chief Accounting Officer | 55 |
| Mr. Connie Kao | Group Vice President of Investor & Media Relations | - |
| Mr. Ken Jew | Group Senior VP, General Counsel & Corporate Secretary | - |
| Mr. Gary L. Cribb | Senior Group Executive Vice President of Stores & Loss Prevention | 60 |
| Mr. Stephen Brinkley | President of Operations | 51 |
| Ms. Karen Sykes | President & Chief Merchandising Officer of dd's DISCOUNTS | 64 |
監査リスク
9
取締役会リスク
2
報酬リスク
6
株主権利リスク
4
パート2 · 株価と買い時
この部分は企業に価値があるかを判断するものではありません。ファンダメンタルズに納得したうえで、いつ買うかを選ぶためのものです。内容：テクニカル分析、ポテンシャル、過去のドローダウン、ガンマエクスポージャー。
Latest News
Recent headlines for ROST, sourced from Markets Gazette.
- 1d agoPOSITIVEFriday’s Activity, 3 New Options Plays
Ross Stores Inc. (ROST) was highlighted as a significant gainer on Friday, with trading activity presenting substantial opportunities for multibagger returns. The article suggests that the stock's performance exceeded expectations, with potential for considerable upside. While specific financial figures are not detailed, the mention of 'huge multibag gains' implies a strong positive movement in the stock price, likely driven by favorable market conditions or company-specific news not elaborated upon in this excerpt. Investors tracking retail stocks may find this a noteworthy development.
- 4d agoPOSITIVEBroadcom Chip Financing; Ross Earnings Forecast | Stock Movers
Ross Stores Inc. (ROST) saw its shares rise following an upward revision of its full-year earnings per share forecast. The off-price retailer reported robust performance throughout the second quarter, attributing comparable store sales growth to both an influx of new customers and increased loyalty from its existing customer base. This positive outlook suggests strong consumer demand for Ross's value-oriented offerings, potentially signaling continued market share gains and operational efficiency. Investors will be watching for sustained customer acquisition and spending trends in the upcoming quarters.
- 5d agoPOSITIVERoss Stores Raises Annual Profit Outlook on Robust Momentum
Ross Stores Inc. has announced a second upward revision to its annual profit outlook, underscoring the sustained strong performance of the discount retailer. This positive development suggests that the company's strategic positioning and operational efficiency are effectively translating into financial gains. Investors will be watching closely to see if this momentum continues, potentially leading to further stock appreciation and reinforcing Ross Stores' market standing amidst a competitive retail landscape.
- 6/15/2026POSITIVE$100 Invested In Ross Stores 20 Years Ago Would Be Worth This Much Today
An investment of $100 in Ross Stores (ROST) made 20 years ago would have grown to a substantial amount today, demonstrating significant long-term capital appreciation. While the exact figure is not provided, the implication is a strong positive return, outperforming many market benchmarks. This performance highlights the company's consistent growth, effective management, and ability to navigate economic cycles. For investors, this historical data suggests Ross Stores as a potentially robust long-term holding, underscoring its resilience and value creation capabilities over two decades.
- 5/29/2026POSITIVEIf You Invested $100 In Ross Stores Stock 10 Years Ago, You Would Have This Much Today
An investment of $100 in Ross Stores (ROST) stock a decade ago would have yielded a substantial return, illustrating the company's robust long-term performance. While specific figures are not provided in the title, the implication of significant growth suggests that Ross Stores has consistently outperformed the broader market. This historical performance indicates strong operational execution, effective inventory management, and a resilient business model capable of navigating various economic cycles. Investors considering ROST should note this track record as a testament to its potential for sustained value creation.
- 5/22/2026POSITIVERoss Stores Stock Hits 52-Week High - Here's Why
Ross Stores Inc. (ROST) has reached a new 52-week high, fueled by positive analyst sentiment and upward revisions to earnings per share (EPS) estimates following a strong first quarter performance. While specific Q1 figures are not detailed, the consensus among analysts from firms like Barclays, Morgan Stanley, and Deutsche Bank, who maintain 'Overweight' or 'Buy' ratings, indicates robust company performance. This sustained bullish outlook suggests that Ross Stores is outperforming market expectations, potentially due to strong consumer spending in its segment or effective inventory management. Investors are likely to see this as a signal of continued growth and profitability.
- 5/21/2026POSITIVERoss Raises Forecasts Amid Sales Surge, Record Same-Store Growth
Ross Stores Inc. has significantly boosted its financial outlook following a stellar first quarter. The off-price retailer's results exceeded analyst expectations, driven by robust customer traffic, particularly among younger demographics, and unprecedented same-store sales growth, marking a historic achievement for the company. This strong performance indicates effective inventory management and a compelling value proposition resonating with consumers. Investors can anticipate potential upward revisions in earnings forecasts and a positive sentiment towards the stock, reflecting the company's operational strength and market positioning.
- 5/21/2026NEUTRALTranscript: Ross Stores Q1 2026 Earnings Conference Call
Ross Stores Inc. held its Q1 2026 Earnings Conference Call on May 21, 2026. The transcript indicates a discussion of the company's financial performance and outlook. While specific financial figures and forward-looking statements are detailed within the call, the transcript itself is a record of the proceedings rather than a direct announcement of new material information. Investors reviewing the transcript can gain insights into management's perspectives on sales, margins, and strategic initiatives, but the call's content is inherently backward-looking and informational.
via Markets Gazette