Spectrum Brands Holdings Inc. Common Stock (SPB)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Spectrum Brands as a Graham-style asset play, not a wonderful business at a fair price. At the 2026-10-13 close of $77.18, FairStock’s calculations show a market cap near $1.8B, P/B 0.96, P/E 23.97, and a Graham Number of $76.32, leaving a margin of safety of -1.13%. The price is roughly at, or a hair above, what those numbers can justify. The computed Lynch category is ASSET PLAY because it trades at 0.96× book value. The attractive part is cash generation: trailing free cash flow is $291.6M, a 16.4% FCF yield, which is substantial relative to market cap. The dividend yield is 2.18%, and beta is 0.64. Debt/equity of 0.39 is manageable. But quality is questionable: ROE is 4.46% and ROCE is 4.26%, too low for a durable moat. Piotroski F-Score is 6/9 and Altman Z-Score is 2.10, suggesting middling financial strength. Filed results are volatile. In fiscal Q3 2026, the quarter ended 2026-06-28, revenue was $753.3M but net income was -$26.8M, or -$1.16 per diluted share. A year earlier, in fiscal Q3 2025, the quarter ended 2025-06-29, revenue was $699.6M and net income was $19.9M. For FY2025, the fiscal year ended 2025-09-30, revenue was $2.8B and net income $99.9M, down from FY2024, the fiscal year ended 2024-09-30, with revenue $3.0B and net income $124.8M. I want asset protection and cash flow, but I need evidence the latest loss is temporary and returns can improve.

In plain English: Spectrum Brands sells household and personal-care items, pet products, and home and garden goods under brands such as Black & Decker and Russell Hobbs. The business looks mixed: it produces a lot of cash for its size, but it recently posted a quarterly loss and its profits have been uneven. At the 2026-10-13 close of $77.18, the stock looks roughly fairly priced rather than clearly cheap, sitting near its accounting book value and only slightly above a simple earnings-based value estimate.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-28) · fiscal Q2 2026 10-Q (period ended 2026-03-29) · fiscal Q1 2026 10-Q (period ended 2025-12-28) · fiscal Q3 2025 10-Q (period ended 2025-06-29) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30) · FY2023 10-K (period ended 2023-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer