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J-long Group Ltd (JL) stock

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NASDAQ: JL Nasdaq Apparel, Accessories & Luxury Goods

D Fundamentals grade

J-long Group Ltd is a US-listed company in the apparel, accessories & luxury goods industry. Its financial year ends in March.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$14

Valuation models combined (2)

Base case. Range ~$12–$18. Weighted average of 2 models (price-to-earnings vs peers, revenue-to-maturity model), the price-to-earnings vs peers counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

J-long Group Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds2 adding, 3 cuttingOf 2 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter J-long Group files

Where J-long stands after its latest Filing

Revenue for the twelve months was $42m, up 8.1% on a year earlier, slower than the 37.7% growth a quarter earlier. Free-cash-flow margin fell to 7.6% from 14.6% a year earlier. Operating margin narrowed to 7.0% from 14.4%. The diluted share count is up 12.6% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 3 financial-health checks. Our valuation models combined value is $13.78 a share, against a share price of $4.32.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

J-long Group Ltd's trailing-twelve-month revenue grew 8.1% year on year, with a free-cash-flow margin of 7.6%. Where it lags: change in share count of 12.6% ranks 24 of 25 apparel, accessories & luxury goods companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 48.3% while net income grew 6.6%: a 55pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Growth slowing. The growth rate is 29.6 points lower than a quarter earlier.
  • Share dilution. Diluted shares rose 12.6% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 73% and a beta of 0.8 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.9% ranks 24 of 26 apparel, accessories & luxury goods companies we cover (median 1.0%).
  • Below peers: gross margin. Gross margin of 34.0% ranks 23 of 27 apparel, accessories & luxury goods companies we cover (median 52.5%).

Price chart

  • 1 day0.0%
  • 1 week+4.9%
  • 1 month-5.8%
  • This year-29.4%
  • 1 year-9.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$42.2M
Operating margin
7.0%
Net margin
6.5%
EPS (TTM, diluted)
$0.75

Growth

Revenue growth
+8.1%
Change in growth rate
−29.6 pts
Share count change
+12.6%

Cash

Free cash flow (TTM)
$3.2M
FCF margin
7.6%
Stock pay % of revenue
2.9%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for JL from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

J-long Group Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value J-long Group Ltd as an operating company, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.83 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$12 ~$12–$15 Primary model, counts double
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$26 ~$20–$36 Left out: out of range vs price (6.06x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$28 ~$24–$34 Left out: out of range vs price (6.45x)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$18 ~$15–$22 Included
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. — Does not apply: earnings are positive: price-to-earnings is the better measure
Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$14 ~$12–$18 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare J-long Group Ltd with Apparel, Accessories & Luxury Goods in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202420252026
Share price$10.00$3.86$6.94
Market value$30m$13m$25m
+ Net debt (− = net cash)−$2m−$9m−$12m
Enterprise value$28m$3m$14m
Multiples
Price / sales 1.1x0.3x0.6x
Price / earnings 38.6x4.8x9.2x
Price / free cash flow —2.0x7.9x
EV / EBITDA 53.3x1.3x4.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for J-long Group Ltd: too few analysts cover it.

Positioning

Short interest
0.5%
of tradable shares
Days to cover
1.84
at average volume
Short interest, 1 month
−24%
to October 15, 2026
Held by institutions
23%
of shares
Held by insiders
0.0%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20252026 to date
Return
JL+67%−29%
Industry peers (median)−12%+14%
S&P 500+18%+11%
Months that ended higher
JL58%18%
S&P 50075%46%
Largest fall from a high during the year
JL−56%−45%
S&P 500−19%−9%

Worst fall since January 24, 2024: 99% from February 23, 2024 to November 22, 2024. Getting back needed a 7151% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$3.47 – $7.25
From 52-week high
−40.4%
vs 50-day average
−6.5%
vs 200-day average
−18.8%
Volatility (1 year)
73%
Beta vs S&P 500
0.77

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

J-long Group Ltd in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) J-long Group Ltd
$25M $30M $35M $40M $45M FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue (TTM), FY22 Q4: $38.3M Revenue (TTM), FY23 Q4: $38.3M Revenue (TTM), FY24 Q4: $28.4M Revenue (TTM), FY25 Q4: $39.1M Revenue (TTM), FY26 Q4: $42.2M $42.2M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY22 Q4 $38.3M
FY23 Q4 $38.3M
FY24 Q4 $28.4M
FY25 Q4 $39.1M
FY26 Q4 $42.2M
Revenue growth, TTM YoY J-long Group Ltd
-40% -20% 0% 20% 40% FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue growth, TTM YoY, FY23 Q4: 0.0% Revenue growth, TTM YoY, FY24 Q4: -25.9% Revenue growth, TTM YoY, FY25 Q4: 37.7% Revenue growth, TTM YoY, FY26 Q4: 8.1% 8.1%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 0.0%
FY24 Q4 -25.9%
FY25 Q4 37.7%
FY26 Q4 8.1%
Operating margin (TTM) J-long Group Ltd
0% 5% 10% 15% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Operating margin (TTM), FY22 Q4: 14.4% Operating margin (TTM), FY23 Q4: 16.3% Operating margin (TTM), FY24 Q4: 1.3% Operating margin (TTM), FY25 Q4: 6.1% Operating margin (TTM), FY26 Q4: 7.0% 7.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY22 Q4 14.4%
FY23 Q4 16.3%
FY24 Q4 1.3%
FY25 Q4 6.1%
FY26 Q4 7.0%
FCF margin (TTM) J-long Group Ltd
-10% 0% 10% 20% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 FCF margin (TTM), FY22 Q4: 14.6% FCF margin (TTM), FY23 Q4: 5.0% FCF margin (TTM), FY24 Q4: -6.0% FCF margin (TTM), FY25 Q4: 15.9% FCF margin (TTM), FY26 Q4: 7.6% 7.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY22 Q4 14.6%
FY23 Q4 5.0%
FY24 Q4 -6.0%
FY25 Q4 15.9%
FY26 Q4 7.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar J-long Group took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $42.2M
  2. Other income $600,823 · 1.4%
  3. Cost of revenue $27.9M · 66.0%
  4. Gross profit $14.3M · 34.0%
  5. Selling, general and admin $4.4M · 10.5%
  6. Other operating costs $7M · 16.5%
  7. Operating income $3M · 7.0%
  8. Income tax $791,871 · 1.9%
  9. Net income $2.8M · 6.5%

Shares of revenue. Source: J-long Group's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2022 Mar 2022 2023 Mar 2023 2024 Mar 2024 2025 Mar 2025 2026 Mar 2026
Income
Revenue 38 38 28 39 42
Gross profit 9 10 7 11 14
EBITDA 6 6 1 3 3
Operating income 6 6 0 2 3
Net income 4 7 1 3 3
Diluted EPS $1.50 $2.24 $0.26 $0.80 $0.75
Growth (year on year)
Revenue — 0.0% −25.9% +37.7% +8.1%
EBITDA — +11.7% −91.8% — +27.4%
Operating income — +12.7% −93.9% — +23.3%
Net income — +48.5% −88.2% +230.9% +6.6%
Diluted EPS — +49.3% −88.4% +207.7% −6.3%
Margins
Gross margin 23.1% 26.2% 24.0% 28.8% 34.0%
EBITDA margin 15.0% 16.7% 1.9% 6.7% 7.9%
Operating margin 14.4% 16.3% 1.3% 6.1% 7.0%
Net margin 11.7% 17.4% 2.8% 6.6% 6.5%
Free-cash-flow margin 14.6% 5.0% −6.0% 15.9% 7.6%
Cash flow
Cash from operations 6 2 −2 7 4
Capital spending 0 0 0 1 1
Free cash flow 6 2 −2 6 3
Stock-based pay — — — 1 1
Free cash flow after stock pay — — — 6 2
Balance sheet
Cash 7 6 4 11 15
Total debt 0 3 2 1 3
Net debt (negative = net cash) −7 −3 −2 −9 −12
Diluted shares 3m 3m 3m 3m 4m
Returned to shareholders
Dividends — — 2 0 —
Buybacks — — — — 1
Total returned — — 2 0 1

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · March 31, 2026
What it owns · $28m
Short-term assets $23mLonger-term assets $5m
What it owes, and who funded it · $28m
Short-term liabilities $8mLonger-term liabilities $3mShareholders' equity $17m
  • Short-term assets cover short-term liabilities $23m of assets due within a year against $8m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $23m short-term assets against $3m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $3m against $14,944 of interest.

From J-long Group Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$1.1M
Dividends (TTM)
$400,455
Diluted share count
+12.6%
year over year
Dividend payout ratio
15%
of net income paid out
Sales & admin spending
10.5%
of revenue
Days sales outstanding
21 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in apparel, accessories & luxury goods
Last 12 months unless stated JL NCI JRSH VRA DBGI VNCE Median
Revenue, last 12 months $42m $18m $177m $274m $6m $315m $1.5bn
Revenue growth, last 12 months 8.1% −41.7% 22.4% −1.7% −33.6% 8.0% 1.6%
Revenue growth, 3-year average — — 8.3% −17.8% −25.5% −0.9% −1.5%
Revenue growth, latest quarter — — 26.7% 1.1% −46.3% 11.7% 1.1%
Gross margin 34.0% 36.9% 16.4% 50.4% −2.8% 52.5% 52.5%
Operating margin 7.0% 1.3% 4.5% −3.6% −699.5% 4.3% 4.4%
Operating margin, 3-year average — — 1.6% −6.7% −300.1% 0.4% 2.5%
Net margin 6.5% 0.2% 2.8% −3.7% −768.3% 2.4% 3.9%
Cash from operations / revenue 9.2% 15.6% 6.5% 11.3% −347.6% 6.3% 9.2%
Free-cash-flow margin 7.6% 12.7% 3.8% 10.7% −347.6% 5.8% 7.5%
Free-cash-flow margin, 3-year average — — 0.0% 0.9% −166.9% 5.0% 5.8%
Stock pay / revenue 2.9% — 0.5% 1.3% 0.0% 0.1% 0.9%
Change in share count 12.6% 3.7% 7.5% 2.8% — 3.3% 0.0%

Median of all 29 companies we cover in apparel, accessories & luxury goods. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

29 apparel, accessories & luxury goods companies
Measure Company Peer median Rank
Revenue growth Growth 8.1% 1.6% 8 of 29
Change in growth rate Growth -29.6pp +0.0pp 27 of 29
Gross margin Profitability 34.0% 52.5% 23 of 27
Operating margin Profitability 7.0% 4.5% 9 of 26
Net margin Profitability 6.5% 3.9% 9 of 29
Free-cash-flow margin Cash generation 7.6% 7.6% 14 of 28
Stock pay as % of revenue Cash generation 2.9% 1.0% 24 of 26
Change in share count Balance sheet 12.6% 0.0% 24 of 25
Days sales outstanding Balance sheet 21 days 38 days 10 of 24

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.2M
Institutions reporting
3
Shares held vs prior quarter
▼ 8.3%
Positions opened / closed
0 / 2

Top buyers and sellers, Q2 2026: 2 institutions bought and 3 sold ; the biggest buyer was Renaissance Technologies LLC (+3,775 shares) and the biggest seller Xtx Topco Ltd (−20K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Marex Group Ltd $994,601 169K 86.4% ▼ 1.2%
Renaissance Technologies LLC $83,354 14K 7.2% ▲ 36.2%
Centiva Capital, LP $72,894 12K 6.3% ▲ 10.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not J-long Group Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on J-long Group Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

J-long Group Ltd in brief

What does J-long Group Ltd do?
J-long Group Ltd is a US-listed company in the apparel, accessories & luxury goods industry. Its financial year ends in March.
What is J-long Group Ltd's stock ticker?
J-long Group Ltd trades under the ticker JL on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is J-long Group Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, J-long Group Ltd reported revenue of $42.2M, 8.1% higher than a year earlier, according to its SEC filings.
What is J-long Group Ltd's free cash flow?
J-long Group Ltd's free-cash-flow margin is 7.6% of revenue over the trailing twelve months, ranking 14 of the 28 apparel, accessories & luxury goods companies we cover.
Who are J-long Group Ltd's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Marex Group Ltd, Renaissance Technologies LLC and Centiva Capital, LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is J-long Group Ltd buying back stock, and does it pay a dividend?
J-long Group Ltd spent $1.1M on share repurchases over the trailing twelve months, and its diluted share count still rose 12.6% over the year.
What is J-long Group Ltd's market cap?
On March 31, 2026, J-long Group Ltd's market capitalisation was about $25.5M, with a price-to-earnings ratio of 9.2 and net debt of -$11.8M. Market figures come from third-party market data and may be delayed.
Does J-long Group Ltd pay a dividend?
Yes: J-long Group Ltd paid $400,455 in dividends over the trailing twelve months and a payout ratio of 14.5%.
Who are J-long Group Ltd's competitors?
In our Apparel, Accessories & Luxury Goods peer group, the companies closest to J-long Group Ltd are Neo-concept International Group Holdings Ltd, Jerash Holdings (us), Inc., Vera Bradley, Inc., Digital Brands Group, Inc. and Vince Holding Corp. The side-by-side comparison below sets their revenue, margins and growth against J-long Group Ltd's.