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Skechers’ Valuation Compared to Its Peers

Skechers’ Valuation Compared to Its Peers

As of November 28, Skechers (SKX) was trading at a 12-month forward PE multiple of 13.6x. Skechers’ valuation multiple has declined 1.4% since the announcement of its third-quarter results in October. Skechers missed analysts’ sales expectation but exceeded the earnings estimates in the third quarter.