GOLF

Acushnet Holdings

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Consumer Cyclical

industry

Leisure

Exchange

NYSE

County of HQ

United States

Next Earnings Date

05/06/26

Business Summary

Acushnet operates branded golf equipment and apparel franchises that monetize performance credibility and premium positioning. The business converts brand equity into pricing power, reflected in its 24.10% Operating Margin and 14.40% ROIC. Cash generation stems from high-margin equipment and recurring consumer replacement cycles within leisure spending. Its moat is brand-driven: loyal customers, premium product positioning, and institutional distribution relationships that sustain revenue durability even in cyclical slowdowns.

VALUATION

P/E

31.5

Market Cap ($M USD)

$5,726

Forward P/E

23.6

PEG

1.6

PRICE TO SALES

2.3

PRICE TO BOOK

7.3

EV / EBITDA

18.7

5-Year Average P/E

DIVIDEND

Yield

1.00%

Annual Payout

$1.02

Payout Ratio

30.00%

Consecutive Years of Dividend Growth

8

5-Year Dividend Growth Rate

9.10%

Financial Health & Profitability

Earnings Per Share

$3.13

Next Year EPS Growth Estimate

$4.15

Next Year Revenue Growth Estimate

2.50%

Return on Equity (ROE)

24.10%

Operating Margin

11.70%

Debt-to-Equity

1.2

Piotroski F-Score

6

Altman Z-Score

4.1

Return on Invested Capital (ROIC)

14.40%%

Current Ratio

2.4

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 31.5x earnings with a Forward P/E of 23.6, the market is clearly pricing in earnings normalization and moderate growth rather than deep value distress. A PEG Forward of 1.6 suggests investors are paying a premium relative to growth, but not at bubble levels, particularly given a strong Altman Z-Score of 4.1, which signals low bankruptcy risk and balance sheet stability. With a Market Cap of $5,726M and ROIC of 14.40%, this is not a broken cyclical—it’s a quality operator trading at a GARP multiple. The valuation is not cheap on a Price/Book of 7.3, but the combination of profitability and financial safety implies the market views this as a durable compounder rather than a turnaround.

AI Exposure / Tech Reliance

As a Consumer Cyclical company in the Leisure industry, AI disruption risk is low and digital enablement upside is incremental rather than existential. Technology will likely enhance marketing efficiency, demand forecasting, and product innovation rather than fundamentally disrupt its core revenue model. Its resilience depends more on brand strength and consumer demand cycles than technological defensibility.

The Bull Case

A GARP investor buys this because the business generates a 14.40% ROIC while sustaining a 24.10% Operating Margin—those are not commodity-level economics. The Piotroski F-Score of 6 indicates solid operational health without financial deterioration signals, while a Current Ratio of 2.4 and Altman Z-Score of 4.1 confirm liquidity and solvency strength. Institutional Ownership at 99.67% suggests smart money conviction and limited retail speculation distortion. Even with a 31.5 P/E, the forward compression to 23.6 combined with estimated EPS of $3.13 next year implies earnings acceleration that can justify multiple stability, especially given consistent dividend distribution and a TTM Yield of 1.2.

The Bear Case

The valuation leaves little room for error: a PEG Forward of 1.6 means growth must materialize cleanly, and a Price/Book of 7.3 prices in sustained brand strength. Short % of Float at 9.10% is not trivial and indicates a meaningful bearish cohort betting against cyclical durability. Debt/Equity of 11.70% is manageable, but the modest Return on Equity of 2.50% is a glaring contradiction relative to the premium valuation multiple. If consumer demand softens or margin compression hits the 24.10% Operating Margin, this multiple could compress quickly toward the market average.

Market Sentiment & Smart Money

Short Interest %

17.30%

Analyst Consensus

3

Average Analyst Price Target

$99.67

Institutional Ownership %

59.00%

1-Year Beta

1.13

Insider Buying % (6 Mo)

52.90%%

Distance to 52-Week High

93.30%%

Distance to 52-Week Low

167.50%%