Estee Lauder Cos. Inc (EL) is overvalued and Unilever plc ADR (UL) is overvalued.
Both trade above our estimate of their intrinsic value. UL is the closer of the two: -34%, against -404% for EL.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.0% (average of 3 methods) values the shares at $19.92; the price of $100.29 is 404% above that value, and 72% of that value comes from beyond year five.
Leak Score 35/100 on 8 of 12 signals
Discounting its cash flows at 7.3% (average of 3 methods) values the shares at $47.06; the price of $62.93 is 34% above that value, and 81% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | EL | UL |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $100.29 | $62.93 |
| Intrinsic value | $19.92 | $47.06 |
| Margin of safety | -404% | -34% |
| Leak Score | 35/100 (8/12) | 59/100 (3/12) |
| Market cap | $36.3B | $135.6B |
| Revenue growth, 5 years | -1.5% | -0.3% |
| Operating margin | 11.2% | 20.3% |
| Net margin | 1.2% | 12.2% |
| Return on equity | 4.8% | 30.8% |
| Debt to equity | 2.43 | 1.98 |
| P/E | 201.6x | 21.0x |
| Forward P/E | 25.5x | 16.0x |
| P/B | 9.5x | 7.3x |
| Dividend yield | 1.5% | 3.5% |