Kering vs LVMH (KER.PA vs MC.PA)
Kering (KER.PA) vs LVMH (MC.PA) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Kering (KER.PA) and LVMH (MC.PA) compete in luxury and apparel. Here are Kering and LVMH side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Kering or LVMH.
Kering vs LVMH: the figures
| Figure | Kering | LVMH |
|---|---|---|
| Share price | €191.70 (November 4, 2026) | €416.25 (November 4, 2026) |
| Market cap | €23.5 billion | €205.2 billion |
| P/E (TTM) | N/A | 19.0x |
| Forward P/E | 21.3x | 17.2x |
| Revenue growth (quarter) | -2.9% | -2.9% |
| Net margin (TTM) | -1.5% | 13.7% |
| Net debt / EBITDA | 3.7x | 1.2x |
| Dividend yield | 1.66% | 3.24% |
| Beta | 1.07 | 0.90 |
Kering and LVMH figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Kering or LVMH figure is not available, and we never estimate it.
3 key differences between Kering and LVMH
- Profitability: for every 100 of sales, LVMH keeps 13.7 as net profit and Kering keeps -1.5.
- Debt: Kering owes 3.7x its annual operating profit (EBITDA), while LVMH owes 1.2x its EBITDA.
- Size: LVMH is worth €205.2 billion on the stock market, about 8.7 times Kering (€23.5 billion).
Kering or LVMH: which fits your profile
- If you want income (dividends): LVMH pays the higher dividend relative to its price.
- If you prefer caution: LVMH has less debt relative to its profit, which usually gives more room in a bad year.
Neither Kering nor LVMH wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Kering and LVMH make money
Kering (KER.PA)
Kering is a luxury group whose sales come from its fashion houses: Gucci, the largest, Yves Saint Laurent, Bottega Veneta and others such as Balenciaga and Alexander McQueen, plus jewelry (Boucheron) and Kering Eyewear, which makes glasses. It sells handbags, clothing and shoes through its own stores in Asia, Europe and North America. Full Kering analysis.
LVMH (MC.PA)
LVMH reports five business groups: Fashion & Leather Goods (Louis Vuitton, Dior, Celine), its biggest revenue source; Wines & Spirits (Moët, Hennessy); Perfumes & Cosmetics; Watches & Jewelry (Tiffany, Bulgari, TAG Heuer); and Selective Retailing (Sephora, DFS). It sells worldwide, with Asia, the US and Europe as its key markets. Full LVMH analysis.
Frequently asked questions: Kering vs LVMH
Is Kering or LVMH the better stock?
Choosing between Kering and LVMH depends on what you are looking for. Sales at both are falling right now, less so at Kering. Fintols does not tell you whether to buy Kering or LVMH: it shows you the differences so you can decide.
Which pays a higher dividend, Kering or LVMH?
As of November 4, 2026, LVMH yields 3.24% and Kering yields 1.66%. Also check how much of their profit Kering and LVMH pay out: if it is more than they earn, it cannot last.
Can I own both Kering and LVMH?
Yes. Many people spread their money across several companies, such as Kering and LVMH, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Kering or LVMH.
More comparisons with Kering or LVMH
More companies like Kering and LVMH: luxury and apparel stocks. Educational content about Kering and LVMH, not investment advice.