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Torrid Holdings Inc. (CURV) stock analysis

CURVNYSERetail-Apparel & Accessory StoresFiscal year ends January 31
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Sep 10, 2026Score 3/3076% above fair value
$2.23−0.05 (-2.19%)

Close on Nov 12, 2026Market cap $222.37MP/E –Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value1Growth1Performance1Health0Dividend0

Weak3 of 30 checks passed

Torrid passes 3 of the 30 checks behind our score; 15 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
1/6
Growth
1/6
Past performance
1/6
Financial health
0/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 30.8%, above the 10% that usually covers the cost of capital.

  • Guidance raised

    Torrid raised its full year fiscal 2026 Adjusted EBITDA (1) outlook on Sep 3, 2026.

  • P/S below the industry

    Torrid's price-to-sales of 0.24 is below the Apparel and Accessory Stores median of 0.36 (book value is negative, so we use sales).

What to watch

  • Margin of safety under 20%

    The price is 76.2% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $2.28 is above our fair value estimate of $1.29.

  • Revenue growing under 10% a year

    Revenue grew -8.1% a year over the last three fiscal years, short of the 10% we look for.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals -0.3% of total debt; we look for at least 20%.

Valuation1/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA above its 5-year median

    Torrid's EV/EBITDA of 10.0 is above its 5-year median of 7.8.

  • P/S below the industry

    Torrid's price-to-sales of 0.24 is below the Apparel and Accessory Stores median of 0.36 (book value is negative, so we use sales).

  • Trading above fair value

    The share price of $2.28 is above our fair value estimate of $1.29.

  • Margin of safety under 20%

    The price is 76.2% above fair value, so there is no margin of safety.

Growth1/6

  • Revenue growing under 10% a year

    Revenue grew -8.1% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew -11.2% over the last twelve months; the Apparel and Accessory Stores median is 6.1%.

  • Guidance raised

    Torrid raised its full year fiscal 2026 Adjusted EBITDA (1) outlook on Sep 3, 2026.

  • Gross margin slipping

    Gross margin was 34.7% over the last twelve months, against 35.8% a year earlier.

Past performance1/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital over 10%

    Return on invested capital was 30.8%, above the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was -0.9% over the last twelve months, against a 5-year average of 0.7%.

  • Net margin below the industry

    Torrid's net margin of -0.9% is below the Apparel and Accessory Stores median of 0.7%.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt not well covered by cash flow

    Operating cash flow over the last twelve months equals -0.3% of total debt; we look for at least 20%.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets don't cover short-term debts

    Current assets are 0.79 times current liabilities.

  • Elevated bankruptcy risk

    The Altman Z-score is 1.54; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Torrid has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$1.29

The share price is 76% above this estimate.

20%+ below
Near fair value
20%+ above
$2.28Price$1.29Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
EV/EBITDA7.5×7.8×7.2×$1.0870%
Earnings power10.8% cost of equity––$1.7930%
Fair value$1.29100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 31.9
  • Apparel and Accessory Stores median 19.2

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

High risk

Average value traded per day
$443.12K
Value traded per 1% price move
$98.28K

Downside

High risk

Typical loss in a bad month
34.1%
Volatility (annualized)
82%
Sharpe ratio, 1 year
1.14
Beta to the S&P 500 (5Y)
1.19

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2018 to 2025

Gross margin

34.8%+0.1 pts over 5 years

Operating margin

2.1%−3.6 pts over 5 years

Net margin

-0.7%−3.2 pts over 5 years

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