Kimberly-Clark Corp vs Kenvue Inc

Kimberly-Clark Corp (KMB) is undervalued and Kenvue Inc (KVUE) is overvalued.

Against our estimates of intrinsic value, KMB trades at the wider discount: a margin of safety of +41%, against -30% for KVUE.

Values as of the 22 Sept 2026 close.

Kimberly-Clark Corp (KMB)

Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $168.21; the price of $98.91 is 41% below that value, and 74% of that value comes from beyond year five.

Leak Score 79/100 on 10 of 12 signals

Kenvue Inc (KVUE)

Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $13.69; the price of $17.86 is 30% above that value, and 81% of that value comes from beyond year five.

Leak Score 29/100 on 5 of 12 signals

MetricKMBKVUE
VerdictUndervaluedOvervalued
Price$98.91$17.86
Intrinsic value$168.21$13.69
Margin of safety+41%-30%
Leak Score79/100 (10/12)29/100 (5/12)
Market cap$32.9B$34.3B
Revenue growth, 5 years-3.0%0.9%
Operating margin14.2%19.2%
Net margin11.8%10.8%
Return on equity111.5%15.6%
Debt to equity3.720.82
P/E16.9x20.7x
Forward P/E13.3x14.3x
P/B18.8x3.3x
Dividend yield5.2%4.7%

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