Kenvue Inc (KVUE) is overvalued and Unilever plc ADR (UL) is overvalued.
Both trade above our estimate of their intrinsic value. KVUE is the closer of the two: -30%, against -34% for UL.
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 7.3% (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 | KVUE | UL |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $17.86 | $62.93 |
| Intrinsic value | $13.69 | $47.06 |
| Margin of safety | -30% | -34% |
| Leak Score | 29/100 (5/12) | 59/100 (3/12) |
| Market cap | $34.3B | $135.6B |
| Revenue growth, 5 years | 0.9% | -0.3% |
| Operating margin | 19.2% | 20.3% |
| Net margin | 10.8% | 12.2% |
| Return on equity | 15.6% | 30.8% |
| Debt to equity | 0.82 | 1.98 |
| P/E | 20.7x | 21.0x |
| Forward P/E | 14.3x | 16.0x |
| P/B | 3.3x | 7.3x |
| Dividend yield | 4.7% | 3.5% |