<div id="readability-page-1"><div><ul> <li>If you are wondering whether Acushnet Holdings at around US$96 per share still offers value, the key is to look past the headline returns and examine what the current price implies.</li> <li>The stock has seen a 2.1% decline over the last 7 days, a 2.0% return over 30 days, a 17.4% return year to date, and a 64.5% return over the past year. This can change how the market is pricing its future prospects and risks.</li> <li>Recent attention on Acushnet Holdings has focused on its position in the golf equipment and apparel market and how investors are reacting to that story. This context helps explain why the share price has moved the way it has over different time frames.</li> <li>Even so, Acushnet Holdings currently holds a valuation score of 2 out of 6. The next step is to compare what traditional valuation approaches say about the stock and then look at an even broader way to think about value later in the article.</li> </ul> <p>Acushnet Holdings scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.</p> <h3>Approach 1: Acushnet Holdings Discounted Cash Flow (DCF) Analysis</h3> <p>A Discounted Cash Flow, or DCF, model takes the cash Acushnet Holdings is expected to generate in the future and discounts each year’s figure back to today using a required rate of return. The sum of those discounted cash flows is used as an estimate of what the entire business may be worth right now.</p> <p>For Acushnet Holdings, the model used is a 2 Stage Free Cash Flow to Equity approach. The latest twelve month Free Cash Flow is about $116.8 million, and analysts provide explicit forecasts out to 2027, with Simply Wall St extrapolating cash flows further out to 2035. Within these projections, forecast Free Cash Flow for 2027 is $241.9 million, and the 10 year path includes discounted values that stay in the low $200 million range each year based on the supplied table.</p> <p>Putting all of those discounted cash flows together gives an estimated intrinsic value of about $113.94 per share. Compared with the current share price of around $96, the model suggests Acushnet Holdings trades at roughly a 15.4% discount, which points to the shares looking undervalued on this specific cash flow view.</p> <p><strong>Result: UNDERVALUED</strong></p> <p>Our Discounted Cash Flow (DCF) analysis suggests Acushnet Holdings is undervalued by 15.4%. Track this in your watchlist or portfolio, or discover 60 more high quality undervalued stocks.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/34d603ee-ca6a-4d83-bec1-76603c8bcb18/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTE2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/34d603ee-ca6a-4d83-bec1-76603c8bcb18/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTE2"/><figcaption>GOLF Discounted Cash Flow as at Apr 2026</figcaption></figure> <p>Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Acushnet Holdings.</p> <h3>Approach 2: Acushnet Holdings Price vs Earnings</h3> <p>For a profitable company like Acushnet Holdings, the P/E ratio is a practical way to judge how much you are paying for each dollar of earnings. Investors usually accept a higher or lower P/E depending on what they expect for future growth and how much risk they see in the business, so there is no single &#34;right&#34; number that fits every company.</p> <p>Acushnet Holdings currently trades on a P/E of 29.9x. That sits well above the Leisure industry average P/E of about 18.5x and also below the peer group average of 38.7x, so the stock is priced between the broader industry and closer peers. To refine this further, Simply Wall St calculates a proprietary &#34;Fair Ratio&#34; of 18.4x, which is the P/E level suggested after factoring in elements such as earnings growth, profit margins, industry, market cap and specific risks.</p> <p>This Fair Ratio aims to be more tailored than a simple peer or industry comparison because it ties the multiple to Acushnet Holdings own characteristics instead of broad group averages. Comparing the current P/E of 29.9x with the Fair Ratio of 18.4x suggests the shares are trading above that model derived level.</p> <p><strong>Result: OVERVALUED</strong></p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/34d603ee-ca6a-4d83-bec1-76603c8bcb18/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA0LTE2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/34d603ee-ca6a-4d83-bec1-76603c8bcb18/chart/pe-multiple-vs-industry/query-ZGF0ZT0yMDI2LTA0LTE2"/><figcaption>NYSE:GOLF P/E Ratio as at Apr 2026</figcaption></figure> <p>P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 19 top founder-led companies.</p> <h3>Upgrade Your Decision Making: Choose your Acushnet Holdings Narrative</h3> <p>Earlier it was mentioned that there is an even better way to understand valuation. Narratives on Simply Wall St’s Community page let you turn your view of Acushnet Holdings into a clear story that links assumptions about future revenue, earnings and margins to a fair value. This then compares that fair value with the current price to help you decide whether the stock looks attractive or expensive, and keeps that view updated automatically as new news or earnings arrive. This is why different investors can reasonably land on very different fair values, such as a more optimistic US$110 price target that leans on solid demand, premium products and capital returns, or a more cautious US$95 view that focuses on tariff pressures, competition and the risk that current expectations may be too high.</p> <p>Do you think there's more to the story for Acushnet Holdings? Head over to our Community to see what others are saying!</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/34d603ee-ca6a-4d83-bec1-76603c8bcb18/chart/quote-price/query-ZGF0ZT0yMDI2LTA0LTE2?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/34d603ee-ca6a-4d83-bec1-76603c8bcb18/chart/quote-price/query-ZGF0ZT0yMDI2LTA0LTE2"/><figcaption>NYSE:GOLF 1-Year Stock Price Chart</figcaption></figure> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><h3><strong>New: </strong>Manage All Your Stock Portfolios in One Place</h3><p>We've created the <strong>ultimate portfolio companion</strong> for stock investors, <strong>and it's free.</strong></p><p>• Connect an unlimited number of Portfolios and see your total in one currency<br/>• Be alerted to new Warning Signs or Risks via email or mobile<br/>• Track the Fair Value of your stocks<br/></p><p>Try a Demo Portfolio for Free</p></div></div></div>

GOLF

<p>Acushnet Holdings (GOLF) has experienced a 64.5% return over the past year, but recent analysis suggests it may be undervalued by 15.4% based on a Discounted Cash Flow (DCF) model, estimating an intrinsic value of $113.94 per share compared to its current price of $96. However, its P/E ratio of 29.9x is above the industry average of 18.5x, indicating it may be overvalued relative to its peers. Investors are encouraged to consider different valuation narratives to assess the stock's attractiveness.</p>

Is It Time To Reassess Acushnet Holdings (GOLF) After Its 64% One-Year Rally?