Kenvue Inc (KVUE) is overvalued and Procter & Gamble Co (PG) is overvalued.
Both trade above our estimate of their intrinsic value. KVUE is the closer of the two: -30%, against -42% for PG.
Values as of the 22 Sept 2026 close.
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
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 | KVUE | PG |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $17.86 | $148.22 |
| Intrinsic value | $13.69 | $104.12 |
| Margin of safety | -30% | -42% |
| Leak Score | 29/100 (5/12) | 60/100 (10/12) |
| Market cap | $34.3B | $344.3B |
| Revenue growth, 5 years | 0.9% | 2.7% |
| Operating margin | 19.2% | 23.9% |
| Net margin | 10.8% | 18.1% |
| Return on equity | 15.6% | 30.3% |
| Debt to equity | 0.82 | 0.65 |
| P/E | 20.7x | 22.4x |
| Forward P/E | 14.3x | 20.1x |
| P/B | 3.3x | 6.5x |
| Dividend yield | 4.7% | 3.0% |