# United Natural Foods Inc. (UNFI) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Consumer Defensive / Grocery & Drug Retail. Price $45.10, market value $2.7 billion.

## Valuation
- **P/E (trailing): 33.7×** (5-yr avg 33.4×, 3-yr avg 37.9×). United Natural Foods Inc. trades at 33.7× trailing earnings, close to its own five-year average of 33.4×. The Consumer Defensive median in the September 2026 study was 20.1×. Forward P/E is 11.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.07**. A PEG of 0.07 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.1×**. Each dollar of revenue is priced at 0.1×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.3×**. Enterprise value is 8.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 11.9%** (5-yr avg 8.2%). Free cash flow equals 11.9% of the market value, above its five-year average of 8.2%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 3.0%**. The inverse of the P/E: 3.0% of the price is earned each year.

## Profitability
- **Gross margin: 13.5%**. United Natural Foods Inc. keeps 13.5% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 0.7%**. 0.7% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 0.3%**. 0.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.2%**. 5.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.3%**. Return on all capital, debt included, is 5.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.2%**. Each dollar of assets produces 1.2% of profit.

## Growth
- **Revenue growth (1 yr): -2.0%** (3-yr 1.0%/yr, 5-yr 2.9%/yr). Revenue fell 2.0% over the last year, against 2.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 168.7%** (3-yr 49.6%/yr, 5-yr -11.6%/yr). Earnings per share rose 168.7%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 2.4%/yr**. Free cash flow has compounded at 2.4% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.96**. Debt is 0.96 times equity, moderate leverage.
- **Net debt / EBITDA: 3.0×**. It would take 3.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.29** (quick 1.29). Current assets cover the next year's liabilities 1.29 times.
- **Altman Z-score: 5.21**. A Z-score of 5.21 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. United Natural Foods Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (8 analysts). 8 analysts cover United Natural Foods Inc.; the consensus is buy, with an average price target of $53.00 (+18% 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): 24.3%** (YTD 39.0%, 3-mo -1.2%). The shares are up 24.3% over twelve months including dividends.
- **From 52-week high: -20.9%** (45.9% above the low). Trading 21% 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): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.47** (volatility 42%). Beta of 0.47 against the S&P 500: the shares move much less than the market.

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

Not investment advice.