Old QVC Group, Inc.

QVCAQ
Country: United StatesPrice: $0.03Market Cap: $219,350

Investment snapshot

6%positive consensus
Scored 1d ago

Positive

1

BUY / PASS

Neutral / negative

2 / 13

NEUTRAL / FAIL

Median fair value

$123.14

+454291.1% vs price

Models with upside

2 / 17

Positive margin of safety

Strongest signal

QVCAQ undervalued: all 2 models price fair value above $0.03 (median $123.14)

Key risk

No clean pass — all 16 investors flag at least one profitability criterion

Framework analysis

VerdictMeaning
BUYPositive purchase signal: the framework's buy requirements are met.
PASSThe company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRALNeither a positive nor negative conclusion. It does not mean to hold an existing position.
FAILThe company does not clear the framework's requirements.
RankedRanked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

MetricGraham

Defensive Value

Buffett

Quality Compounder

Lynch

GARP

Greenblatt

Magic Formula

Piotroski

F-Score

Dreman

Contrarian Value

Munger

Quality Focus

Pabrai

Dhandho Framework

Akre

Three-Legged Stool

Marks

Risk-Aware Value

Ackman

Activist Value

Templeton

Global Bargain Hunter

Sleep

Scale Economies Shared

Asness

Systematic Factors

Neff

Low-P/E Total Return

Schloss

Asset-Value Discipline

O'Shaughnessy

Systematic Factor Composite

VerdictFAILFAILFAILNot rankedPASSFAILFAILFAILFAILFAILFAILFAILFAILNEUTRALFAILFAILNEUTRAL
Score
AnalysisChecking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…Checking access…
Intrinsic Value (annual)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Margin of SafetyN/AN/AN/AN/AN/AN/A+100.0%N/AN/AN/A+100.0%N/AN/AN/AN/AN/AN/A
Financial Basis

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Annual history · FY 2025

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30 · TTM ended 2026-06-30 vs 2025-06-30 · TTM ended 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

TTM ended 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025

Latest source filing: 2026-04-15

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-10-01

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Qualitative assessment · Annual history · FY 2025

Latest source filing: 2026-04-15

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-06-30 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Qualitative assessment

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Market data at 2026-10-01

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · Price history 2026-07-01–2026-10-01 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · Qualitative assessment

Latest source filing: 2026-04-15

Score computed: 2026-11-14

TTM ended 2026-06-30 · Balance sheet at 2026-06-30 · Price history 2026-07-01–2026-10-01 · Annual history · FY 2025

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · TTM ended 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Annual history · FY 2025 · Balance sheet at 2026-06-30

Latest source filing: 2026-08-04

Score computed: 2026-11-14

TTM ended 2026-06-30 · Annual history · FY 2025 · Price history 2026-07-01–2026-10-01

Latest source filing: 2026-08-04

Score computed: 2026-11-14

Where It Passes

  • Valuation models100% pass✓ 2▾

    QVCAQ undervalued: all 2 models price fair value above $0.03 (median $123.14)

    Munger fair value$125.10
    ✓Munger+100.0% margin vs $0.03
    Ackman fair value$121.18
    ✓Ackman+100.0% margin vs $0.03
  • Cash Flow80% pass✓ 10✗ 2▾

    8 of 10 pass — Buffett and Lynch object

    Free Cash Flow Proxy$-2.2B
    ✗BuffettPositive and growing
    FCF Positive and Growing$34.0M
    ✗LynchPositive and growing
    Operating Cash Flow$274.0M
    ✓PiotroskiCFO > 0
    (CFO / Total Assets) vs ROACFO/Assets=3.58%, ROA=-31.91%
    ✓PiotroskiCFO/Assets > ROA
    Price / (CFO / Shares)0.0x
    ✓Dreman< 8x
    P/E or FCF YieldFCF Yield=53795.3%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    FCF Positive17/18 years FCF positive
    ✓MarksPositive FCF in majority of recent years
    (OCF - CapEx) / Market Cap15583.3%
    ✓Ackman>= 4%
    Price / FCF per Share0.0x
    ✓Ackman<= 25
    Positive Operating Cash Flow frequency21/21 years positive
    ✓SleepPositive OCF in >= 70% of available years
    Operating Cash Flow - Capital Expenditures$34.0M
    ✓Neff> $0 (app proxy for a strong fundamental case)
    (Operating cash flow - capex) / market capitalization+15500.34%; #7/4519 (top 0.2%)
    ✓OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

  • Profitability0% pass✓ 3✗ 32▾

    No clean pass — all 16 investors flag at least one profitability criterion

    Positive EPS (10 years)3/23 years positive
    ✗GrahamPositive EPS every year for 10 years
    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Net Income Positive (10+ years)16/23 years positive
    ✗BuffettPositive every year for 10+ years
    ROE (up to 5-year arithmetic mean)-126.3%
    ✗Buffett> 15% arithmetic mean (app rule)
    Operating Margin (10-yr trend)-22.7% (latest)
    ✗BuffettStable or rising over 10 years
    Free Cash Flow Proxy$-2.2B
    ✗BuffettPositive and growing
    Earnings Variance (10-yr CoV)
    ✗BuffettCoV < 0.3
    Retained Earnings Effectiveness
    ✗Buffett$1 retained -> > $1 market value created
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    ROEN/A (negative equity)
    ✗Lynch> 15%
    EBIT / Enterprise ValueN/A (EV <= 0)
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=N/A (EV <= 0), ROC=14.3%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Net Income / Total Assets-31.91%
    ✗PiotroskiROA > 0
    ROA Change YoY-13.96% -> -31.91% (delta: -17.96%)
    ✗PiotroskiCurrent ROA > Prior ROA
    (CFO / Total Assets) vs ROACFO/Assets=3.58%, ROA=-31.91%
    ✓PiotroskiCFO/Assets > ROA
    Gross Margin Change YoY35.0% -> 34.3%
    ✗PiotroskiImproved YoY
    Pre-Tax Income / Revenue-1.1%
    ✗Dreman>= 8%
    Net Income / Shareholders' Equity
    ✗Dreman> 12%
    Margin of Safety
    ✗PabraiP/B < 1.5 or P/E < 15
    Return on Equity-218.4% (3-yr avg)
    ✗AkreROE > 20% (3-year avg)
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Positive Net Income Frequency16/21 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    Operating Income / Revenue2.6%
    ✗Ackman>= 15%
    Net Income / Shareholders Equity
    ✗Ackman>= 15%
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Operating Margin Trend5.4% (2023) -> -22.7% (2025)
    ✗TempletonNon-negative operating-margin trend over 3 years
    Revenue growth vs. gross and operating margin trendgross margin 33.8% -> 34.3%, operating margin 5.4% -> -22.7%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    Net income / market capitalization-93002.05%; #6294/6340 (top 99.3%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Gross profit / total assets+43.05%; #869/3702 (top 23.5%)
    ✓AsnessTop 30% of eligible cross-section
    Net income / positive book equity
    ✗AsnessTop 30% of eligible cross-section
    Negative 5-year standard deviation of ROA-0.1251; #3752/5884 (top 63.8%)
    ✗AsnessTop 30% of eligible cross-section
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
    Positive Diluted-EPS Years2/7 years positive
    ✗Schloss>= 70% positive over 5-10 observed years (app rule)
  • Verdicts7% pass✓ 1✗ 13▾

    Split decision: 13 FAIL · 2 NEUTRAL · 1 PASS

    Overall verdict
    ✗GrahamFAIL (3/9)✗BuffettFAIL (0/9)✗LynchFAIL (2/7)•GreenblattNot ranked✓PiotroskiPASS (F-Score 4)✗DremanFAIL (2/11)✗MungerFAIL (1/4)✗PabraiFAIL (1/3)✗AkreFAIL (1/6)✗MarksFAIL (2/5)✗AckmanFAIL (3/9)✗TempletonFAIL (2/8)✗SleepFAIL (2/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (2/6)✗SchlossFAIL (2/7)•OshaughnessyNEUTRAL (Not ranked)
  • Growth13% pass✓ 2✗ 11▾

    7 of 8 flag QVCAQ's growth — Graham, Lynch, Dreman +4 more

    EPS Growth (3-yr avg, 10-yr window)
    ✗Graham>= 33% growth
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    3-5 Year EPS CAGR
    ✗Lynch15-30% (Fast Grower); > 0% to pass
    Inventory Growth vs Revenue GrowthInv: -20.5% vs Rev: -8.1%
    ✓LynchInventory growth < Revenue growth
    EPS Growth Direction
    ✗DremanPositive over recent years
    EPS CAGR
    ✗Dreman> 5% annualized
    Positive Net Income Frequency16/21 years positive
    ✓MarksPositive net income in >= 7 of last 10 years
    3yr Median Revenue Growth-8.0%
    ✗Ackman>= 5%
    Positive EPS Growth Frequency
    ✗AckmanPositive EPS growth in >= 3 of last 5 years
    5-Year EPS CAGR
    ✗Templeton> 0% (5-year EPS CAGR)
    Revenue growth vs. gross and operating margin trendgross margin 33.8% -> 34.3%, operating margin 5.4% -> -22.7%
    ✗SleepRevenue rising; gross margin flat or falling; operating margin holding
    5-year Revenue CAGR-8.2%
    ✗SleepCAGR > 7%
    3-5 Year Diluted EPS CAGR
    ✗Neff7%-20% annualized
  • Valuation15% pass✓ 5✗ 23▾

    11 of 13 flag QVCAQ's valuation — Graham, Lynch, Greenblatt +8 more

    Price / 3-yr avg EPS
    ✗Graham<= 15x
    Price-to-Book Ratio
    ✗Graham<= 1.5x
    P/E x P/B
    ✗Graham<= 22.5
    Basic earnings-growth PEG (dividends excluded)
    ✗Lynch< 1.0 (ideally < 0.5)
    EBIT / Enterprise ValueN/A (EV <= 0)
    ✗Greenblatt> 10%
    Earnings Yield + ROC AssessmentEY=N/A (EV <= 0), ROC=14.3%
    ✗GreenblattBoth EY > 10% and ROC > 25%
    Price / EPS
    ✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
    Price / (CFO / Shares)0.0x
    ✓Dreman< 8x
    Price / Book Value per ShareN/A (negative BVPS)
    ✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
    Valuation ReasonablenessOE Yield=-1006957.0%
    ✗MungerP/E < 25 or Owner Earnings Yield > 5%
    P/E or FCF YieldFCF Yield=53795.3%
    ✓PabraiP/E < 15 or FCF Yield > 10%
    P/B or P/E vs. Historical Average
    ✗MarksP/E < 15 or P/B < 2.0
    Discount to Intrinsic Value
    ✗Marks>= 20% below intrinsic value
    Price / FCF per Share0.0x
    ✓Ackman<= 25
    Price vs. Trailing Low
    ✗Templeton<= 120% of trailing low (certified split-adjusted live window)
    Net income / market capitalization-93002.05%; #6294/6340 (top 99.3%)
    ✗AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
    Positive book equity / market capitalization-17410.5311; #6438/6449 (top 99.8%)
    ✗AsnessTop 30% of eligible cross-section
    Price / Diluted EPS
    ✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
    (EPS CAGR % + Dividend Yield %) / P/E
    ✗Neff> 0.7 (Neff's published traditional edge)
    Price / Tangible Book Value per ShareN/A (non-positive TBVPS)
    ✗SchlossP/TBV <= 1.00x (app cutoff)
    Book Value per Share Change
    ✗SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
    Revenue / market capitalization+40323.6836; #11/5247 (top 0.2%)
    ✓OshaughnessyTop 10% of eligible cross-section
    (Operating cash flow - capex) / market capitalization+15500.34%; #7/4519 (top 0.2%)
    ✓OshaughnessyTop 10% of eligible cross-section
    Trailing six-month price return through the evaluation date
    ✗OshaughnessyTop 10% of eligible cross-section
  • Debt & Leverage17% pass✓ 5✗ 10▾

    10 of 12 flag QVCAQ's debt & leverage — Buffett, Lynch, Dreman +7 more

    LT Debt vs Net Current AssetsLT Debt $0.0M vs NCA $2.6B
    ✓GrahamLT Debt <= Net Current Assets
    Debt/Equity & Interest CoverageD/E: N/A (negative equity), IC: 0.5x
    ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
    Total Debt / EquityN/A (negative equity)
    ✗Lynch< 0.33
    Cash - Long-term Debt$1.4B
    ✓LynchPositive preferred
    LT Debt / Total Assets Change44.37% -> 0.00%
    ✓PiotroskiDecreased YoY
    Current Assets / Current Liabilities3.36
    ✓Dreman> 1.5✓SchlossCurrent ratio >= 1.50x (app cutoff)
    Total Debt / Shareholders' Equity
    ✗Dreman< 0.8✗Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✗SchlossD/E < 1.00x
    Debt LevelsN/A (non-positive equity)
    ✗MungerDebt/Equity < 0.5✗AkreDebt/Equity < 0.3
    Interest Coverage & Debt/EBITDAIC=0.5x, D/EBITDA=0.0x
    ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
    Total Debt / Shareholders Equity
    ✗Ackman<= 1.0
    Negative debt-to-equity (higher means less debt)
    ✗AsnessTop 30% of eligible cross-section
  • Efficiency25% pass✓ 3✗ 8▾

    6 of 8 flag QVCAQ's efficiency — Buffett, Greenblatt, Piotroski +3 more

    Current Ratio3.36
    ✓Graham>= 2.0
    ROIC (3-5 yr avg)-47.9%
    ✗Buffett> 10%
    ROIC - WACC-57.9%
    ✗BuffettPositive (WACC = 10%)
    EBIT / (NWC + Net Fixed Assets)14.3%
    ✗Greenblatt> 25%
    Current Ratio Change YoY1.21 -> 0.63
    ✗PiotroskiIncreased YoY
    Revenue / Total Assets Change YoY1.09x -> 1.21x
    ✓PiotroskiImproved YoY
    Current Assets / Current Liabilities3.36
    ✓Dreman> 1.5
    Return on Invested CapitalN/A (non-positive invested capital)
    ✗Munger> 15%
    ROIC (high and growing)FY2023: ROIC=8.1%; FY2024: ROIC=-16.0%; FY2025: ROIC=-59.9%
    ✗AkreLatest 3 consecutive FYs: ROIC > 15% in each
    Reinvestment Rate x ROIC
    ✗AkreReinvestment Rate * ROIC > 10%
    ROIC (5-year)0/5 years above 12% (latest -59.9%)
    ✗SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Retail
SIC Sector: Miscellaneous Retail
Size: Micro Cap($219,350)
Revenue: $9.2B-8.0% YoY
Net Income: $2.4B-89.1% YoY

Financial Snapshot

Operating Margin-22.7%
Return on Equity78.7%
Debt / Equity-1.89
Current Ratio0.63
EPS (Diluted)$-302.97

Shareholder Return

Fiscal 2025

Share retirement not available for this company.

Buybacks
—
Dividends
$1.0M

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

MetricTTM · 2026-06-30

2025-07-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, capex, dividends paid, revenue, net income, operating income, gross profit, ebit, pre tax income, interest expense, depreciation amortization.

Q2 FY 2026

2026-04-01 – 2026-06-30

Sources · derived quarter values

Derived from cumulative filings: operating cash flow, capex, dividends paid.

Q1 FY 2026

2026-01-01 – 2026-03-31

Sources
FY 2025
Sources
  • 10-K · 2026-04-15
FY 2024
Sources
  • 10-K · 2025-02-27
FY 2023
Sources
  • 10-K · 2024-02-28
FY 2022
Sources
  • 10-K · 2023-03-01
FY 2021
Sources
  • 10-K · 2022-02-25
Market Cap$219.3Kcurrent----$259.6Kest.--------
Revenue$8.8B↓8%$2.0B↓11%$2.0B↓7%$9.2B↓8%$10.0B↓8%$10.9B↓10%$12.1B↓14%$14.0B
Operating Income$228.0M↑107%$51.0M↑102%$15.0M↑7%-$2.1B↓159%-$809.0M↓237%$590.0M↑129%-$2.0B↓288%$1.1B
Net Income-$204.0M↑94%-$40.0M↑98%-$47.0M↑53%-$2.4B↓89%-$1.3B↓790%-$145.0M↑94%-$2.6B↓863%$340.0M
EPS (Diluted)--$-4.93↑98%$-5.79↓2216%$-302.97↓9194%$-3.26↓781%$-0.37↑95%$-6.83↓933%$0.82
Gross Margin34.0%35.3%↓3%34.2%34.3%↓2%35.0%↑4%33.8%↑8%31.3%↓9%34.3%
Operating Margin2.6%↑107%2.6%↑103%0.8%↑15%-22.7%↓182%-8.1%↓249%5.4%↑132%-16.9%↓318%7.7%
ROE5.3%↓96%——78.7%↓41%132.9%↑453%-37.7%↑94%-629.6%↓5378%11.9%
Total Debt$1.0M↓100%$1.0M↓100%$5.8B↑17%$5.9B↑18%$5.0B↓7%$5.3B↓16%$6.4B↓9%$7.0B
Shareholders' Equity-$3.8B↓28%-$3.8B↓28%-$3.2B↓230%-$3.1B↓219%-$971.0M↓352%$385.0M↓7%$412.0M↓86%$2.9B
Current Ratio3.36↑77%3.36↑77%0.60↓64%0.63↓48%1.21↓14%1.41↑2%1.38↑31%1.05
Debt / Equity-0.00↑100%-0.00↑100%-1.81↑65%-1.89↑63%-5.12↓137%13.87↓10%15.42↑529%2.45
Operating Cash Flow$191.0M↓26%$132.0M↑53%-$189.0M↓215%$274.0M↓48%$525.0M↓43%$919.0M↑374%$194.0M↓84%$1.2B
Free Cash Flow$34.0M↓58%$95.0M↑98%-$225.0M↓139%$118.0M↓64%$326.0M↓53%$689.0M↑1031%-$74.0M↓108%$981.0M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Retail

QVCAQ vs Peers — Financial Grading

Revenue$9.2BBottom 25%
Net Income$2.4BBottom 25%
ROE78.7%Top 25%
D/E-1.89Top 25%
Op. Margin-22.7%Bottom 25%
Curr. Ratio0.63Bottom 25%
CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroskiDreman
COSTCO WHOLESALE CORP /NEWCOST$490.2B$1106.21$275.2B$8.1B27.8%0.203.8%1.032/95/96/71/3F-Score 63/11
HOME DEPOT, INC.HD$347.9B$348.69$164.7B$14.2B110.5%4.0012.7%1.063/95/93/71/3F-Score 43/11
TJX COMPANIES INC /DE/TJX$148.4B$134.37$60.4B$5.5B53.9%0.28—1.143/96/97/71/3F-Score 74/11
FASTENAL COFAST$63.3B$55.19$8.2B$1.3B31.9%0.0320.2%4.854/97/95/71/3F-Score 75/11
AUTOZONE INCAZO$52.5B$3259.70$18.9B$2.5B-73.2%-2.6119.1%0.883/96/92/71/3F-Score 64/11
KROGER COKR$41.8B$70.80$147.6B$1.0B17.1%2.681.3%0.803/94/93/70/3F-Score 73/11
WILLIAMS SONOMA INCWSM$29.9B$254.05$7.8B$1.1B52.3%—18.1%1.393/96/93/71/3F-Score 53/11
CASEYS GENERAL STORES INCCASY$26.3B$712.08$17.6B$714.4M18.1%0.62—1.013/93/92/70/3F-Score 93/11