What Happened to My Rolexes, Champagnes and Birkins? Luxury Is Not so Pricey Anymore $MC.PA, $RM...

Luxury stocks are quietly having a midlife crisis.

Despite looking optically expensive on a trailing earnings basis, luxury names are trading at their cheapest levels in the last five years.

Stocks like LVMH, Hermès, and Ferrari are all down 20%+ over the past year. Not exactly what you’d expect from brands that sell handbags for the price of a car.