RH · the NYSE · USD · Market cap $3.6B · 6,510 employees
RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain.
Screened 2026-07-19 · the tape above runs as of 22:40 UTC · 24 Jul · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its accumulation label.
RH holds its Accumulation at $187.88. The statistical read favours the sellers, held for 39 days.
As held on the ledger · 2026-07-19
Phase
Accumulation
Quantitative state
The statistical read favours the sellers, held for 39 days
Price at the screen
$187.88
Valuation
36.20 trailing · 20.26 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.88
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-07-19 screen. The gold marker is the market price at the same screen. The price runs 4.5% above the base estimate.
Third-party analyst targets: 17 covering, consensus Hold. The average target sits −18% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-07-19 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Luxury Furniture Chain Priced for Better Days
Picture a homeowner in a quiet suburb upgrading their living room with a $5,000 sofa just as mortgage rates climb and housing turnover slows. RH sits at the centre of that discretionary spend, yet revenue is already shrinking 2 percent and margins sit at just 3 percent. The shares trade at 20.3 times forward earnings, well above our fair value of 179.51 against a current price of 187.88, leaving no margin of safety.
We pass because the numbers do not add up. Seventeen analysts carry a hold rating with a median target of 155, and nothing in the recent results suggests the market is wrong. The business carries an unknown moat in a category where style trends shift quickly and big-ticket purchases can be postponed for years. Ethical screens clear, but valuation and growth do not.
The real risk is the cycle itself. Home furnishings demand peaks late and falls hard when rates stay elevated or wealth effects reverse, so a low multiple would be the warning sign rather than a bargain. At current levels the price simply assumes a recovery that has yet to appear in the order book.
The risks · The things to watch: it already moves more than the market on an average day; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
RH trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-07-18Accumulation$153.04+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 21%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (17 analysts) rates it none, with a mean price target of $157.
2026-07-03Accumulation$153.04+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Accumulation$153.04Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.