Kimberly-Clark Corp (KMB) is undervalued and Procter & Gamble Co (PG) is overvalued.
Against our estimates of intrinsic value, KMB trades at the wider discount: a margin of safety of +41%, against -42% for PG.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 7.6% (average of 3 methods) values the shares at $104.12; the price of $148.22 is 42% above that value, and 81% of that value comes from beyond year five.
Leak Score 60/100 on 10 of 12 signals
| Metric | KMB | PG |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $98.91 | $148.22 |
| Intrinsic value | $168.21 | $104.12 |
| Margin of safety | +41% | -42% |
| Leak Score | 79/100 (10/12) | 60/100 (10/12) |
| Market cap | $32.9B | $344.3B |
| Revenue growth, 5 years | -3.0% | 2.7% |
| Operating margin | 14.2% | 23.9% |
| Net margin | 11.8% | 18.1% |
| Return on equity | 111.5% | 30.3% |
| Debt to equity | 3.72 | 0.65 |
| P/E | 16.9x | 22.4x |
| Forward P/E | 13.3x | 20.1x |
| P/B | 18.8x | 6.5x |
| Dividend yield | 5.2% | 3.0% |