# Kenvue Inc. (KVUE) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Chemicals. Price $18.74, market value $36.0 billion.

## Valuation
- **P/E (trailing): 22.0×** (5-yr avg 27.0×, 3-yr avg 27.0×). Kenvue Inc. trades at 22.0× trailing earnings, close to its own five-year average of 27.0×. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 15.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.37**. A PEG of 0.37 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 2.3×**. Each dollar of revenue is priced at 2.3×.
- **Price / book: 3.4×**. The shares trade at 3.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 11.4×**. Enterprise value is 11.4× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.3%** (5-yr avg 5.4%). Free cash flow equals 5.3% of the market value, in line with its five-year average of 5.4%. Above 5% is generally attractive.
- **Earnings yield: 4.5%**. The inverse of the P/E: 4.5% of the price is earned each year.

## Profitability
- **Gross margin: 58.2%**. Kenvue Inc. keeps 58.2% of revenue after the direct cost of what it sells.
- **Operating margin: 17.1%**. 17.1% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 9.7%**. 9.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.7%**. 13.7% on shareholders' equity is solid.
- **Return on invested capital: 18.6%**. Return on all capital, debt included, is 18.6%: comfortably above what that capital costs.
- **Return on assets: 6.1%**. Each dollar of assets produces 6.1% of profit.

## Growth
- **Revenue growth (1 yr): -2.1%** (3-yr 0.4%/yr). Revenue fell 2.1% over the last year.
- **EPS growth (1 yr): 40.7%** (3-yr -14.1%/yr). Earnings per share rose 40.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -7.1%/yr**. Free cash flow has compounded at -7.1% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.13**. Debt is 0.13 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.1×**. It would take 0.1 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 2.73**. A Z-score of 2.73 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.48%** ($0.83 per share, trailing). Kenvue Inc. yields 4.48%, an income-level yield.
- **Payout ratio: 108%** (83% of free cash flow). The dividend exceeds earnings (108% payout), though free cash flow still covers it.
- **Consecutive years of increases: 3**. 3 straight years of increases.

## Analyst view
- **Analyst consensus: hold** (12 analysts). 12 analysts cover Kenvue Inc.; the consensus is hold, with an average price target of $19.50 (+4% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -5.4%** (YTD 11.2%, 3-mo 5.8%). The shares are down 5.4% over twelve months including dividends.
- **From 52-week high: -6.9%** (33.7% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.14** (volatility 32%). Beta of 0.14 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=KVUE · Page: https://foliofundamentals.com/stocks/kvue

Not investment advice.