Stock fact sheet · data as of
Steven Madden, Ltd. (SHOO): fair value, margin of safety and Wheel Score
Ticker symbol SHOO · Consumer Cyclical · Apparel - Footwear & Accessories · United States · Blend
Is SHOO undervalued?
At 46.98 (close of 5 Nov 2026), SHOO trades 31% over the GLS average fair value of 35.75, with 3 of 9 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between GLS Growth (5.88) and 10 Cap (77.06). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for SHOO, so the nightly engine files it under Blend (value score 26, growth score 40, out of 100).
Nine valuation models for SHOO
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 29.24 | -38% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 24.41 | -48% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 66.44 | +41% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 25.43 | -46% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 5.88 | -87% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 77.06 | +64% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 58.64 | +25% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 12.36 | -74% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 22.33 | -52% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.1311 | -100% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 54.67 | +16% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Steven Madden, Ltd. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability SHOO scores 7.4/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC 3.3%, ROE 5.2%, ROA 2.3% - with debt at 0.56 times equity and a free-cash-flow yield of 6.3%.
The dividend yield is 1.79% at a payout ratio of 43%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Direct to Consumer 38%, Wholesale Footwear 36%, Wholesale Accessories/Apparel 25% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 3.3% |
|---|---|---|---|
| GLS Moat | 7.4 / 10 | ROE | 5.2% |
| Debt / equity | 0.56 | ROA | 2.3% |
| Free-cash-flow yield | 6.3% | Payout ratio | 43% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Steven Madden, Ltd. sits in the Weak band. It fails filter 3, below fair value - trades 31% above our fair value; Value (weak) is its weakest part.
Implied volatility is 56% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 43,574 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.1M shares a day on a market cap of $3.4B, with a beta of 1.16; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 31% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 31% above fair value | |
| Premium | Strong | implied volatility 56% | |
| Moat | Good | moat 7.4/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Strong | Red Flags score 100/100 | |
| Option trading | Strong | 11,698 contracts a day, 43,574 open interest | |
| Stability | Fair | beta 1.16, $3.4B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Steven Madden, Ltd. reports earnings on 5 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Apparel - Footwear & Accessories
The 12 companies below are the closest to Steven Madden, Ltd. by market cap within the Apparel - Footwear & Accessories industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CPRI Capri Holdings Limited | 21.23 | 26.47 | +20% | 47Weak | $2.2B |
| WWW Wolverine World Wide, Inc. | 23.50 | 33.32 | +29% | 48Weak | $1.9B |
| BIRK Birkenstock Holding plc | 37.27 | 49.57 | +25% | 80Good | $6.6B |
| CROX Crocs, Inc. | 159.84 | 183.02 | +13% | 80Good | $7.3B |
| REF Reformation Inc. (California) | 18.41 | 0.3499 | -5161% | 34Weak | $1.1B |
| DECK Deckers Outdoor Corporation | 89.11 | 222.18 | +60% | 90Prime | $11.9B |
| ONON On Holding AG | 38.62 | 45.43 | +15% | 81Good | $12.7B |
| WEYS Weyco Group, Inc. | 64.59 | 64.47 | -0% | 19No options | $617M |
| FOSL Fossil Group, Inc. | 7.62 | - | - | 14Weak | $451M |
| RCKY Rocky Brands, Inc. | 54.60 | 46.74 | -17% | 16No options | $411M |
| DBI Designer Brands Inc. | 7.25 | 14.76 | +51% | 42Weak | $371M |
| VRA Vera Bradley, Inc. | 7.53 | 20.22 | +63% | 42Weak | $216M |
⚖ Compare SHOO with 7 of them All Consumer Cyclical stocks →
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Start free See the Sunday ScanQuestions about SHOO
Is SHOO undervalued right now?
No: at 46.98 the stock trades 31% above the GLS average fair value of 35.75 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of SHOO and what does it mean?
SHOO scores 45 out of 100 (Weak) - it fails Wheel Trade Filter 3. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for SHOO?
35.75 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Steven Madden, Ltd. report earnings next?
The next earnings report is due on 5 Nov 2026 (before the open), 0 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does SHOO have listed options, and how liquid are they?
Yes. The nightly snapshot found 114 listed contracts with 43,574 open interest across all expiries and implied volatility of 56% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.