NAS10029,447+1.73%S&P7,638+1.14%GOLD$4,384−0.08%BTC$76,220+0.09%VIX15.44−12.82%live tape · as of 23:00 UTC · 17 Sep
The Screen · Consumer Cyclical · Apparel Retail
Victoria's Secret & Co.
VSCO · the NYSE · USD · Market cap $4.3B · 30,000 employees
Victoria's Secret & Co.
FAIL · Does not pass the screen
54.30 USD
At the last full screen 2026-01-31
Screened 2026-01-31 · the tape above runs as of 23:00 UTC · 17 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markup label.
Victoria's Secret & Co. holds its Markup at $54.30. The statistical read favours the sellers, held for 264 days.
As held on the ledger · 2026-01-31
Phase
Markup
Quantitative state
The statistical read favours the sellers, held for 264 days
Price at the screen
$54.30
Valuation
28.13 trailing · 13.03 forward price to earnings
Values screen
FAIL· score 70.0
Beta
2.25
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
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
56.77%
Below 33%
Interest-bearing debt is 56.8% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
14.04%
Below 49%
Money owed to the company is 14.0% of assets, under the 49% limit.
Pass
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 2026-01-31 screen. The gold marker is the market price at the same screen. A 46.1% margin of safety to the base estimate.
Third-party analyst targets: 9 covering, consensus Buy. The average target sits +23% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
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 2026-01-31 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
Victoria's Secret shows classic cyclical value trap
Picture a shopper skipping the premium bra aisle when wages feel tight. Victoria's Secret reports 15% revenue growth and a forward multiple of just 13 times, yet the 3% profit margin and unknown moat signal earnings that peak with the cycle rather than compound through it. The market already prices the shares at a 46% discount to our fair value, but that gap reflects temporary strength, not durable advantage.
Analysts call it a buy with a $67 median target, and the business clears our ethical screen without issue. Still, apparel retail tied to discretionary spending rarely rewards low multiples with lasting gains once consumer confidence fades. The low margin leaves little room for error when input costs or fashion shifts hit.
Risk sits in the cyclical exposure and thin profitability, both of which can turn a seemingly cheap valuation into a trap rather than an opportunity. Analysis, not advice.
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
VSCO 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
2026-09-16Markup$54.30+0.0%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 35% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 230%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (9 analysts) rates it buy, with a mean price target of $66.
2026-08-16Markup$54.30+0.0%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 35% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 230%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (9 analysts) rates it buy, with a mean price target of $66.
2026-07-18Markup$54.30+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 35% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 230%. Our forward projection puts the odds of a 10% gain over the next month near 40%. The street (9 analysts) rates it buy, with a mean price target of $66.
2026-07-03Markup$54.30+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$54.30Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.