United Natural Foods Inc (UNFI) is slightly overvalued and US Foods Holding Corp (USFD) is overvalued.
Both trade above our estimate of their intrinsic value. UNFI is the closer of the two: -15%, against -60% for USFD.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.5% (average of 2 methods) values the shares at $39.75; the price of $45.86 is 15% above that value.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 8.6% (average of 3 methods) values the shares at $58.72; the price of $94.20 is 60% above that value, and 77% of that value comes from beyond year five.
Leak Score 54/100 on 10 of 12 signals
| Metric | UNFI | USFD |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $45.86 | $94.20 |
| Intrinsic value | $39.75 | $58.72 |
| Margin of safety | -15% | -60% |
| Leak Score | 0/100 (3/12) | 54/100 (10/12) |
| Market cap | $2.8B | $20.4B |
| Revenue growth, 5 years | 2.9% | 11.5% |
| Operating margin | 1.1% | 3.4% |
| Net margin | 0.3% | 1.8% |
| Return on equity | 5.3% | 16.4% |
| Debt to equity | 1.87 | 1.26 |
| P/E | 34.3x | 29.0x |
| Forward P/E | 11.3x | 16.9x |
| P/B | 1.7x | 4.8x |