5 years of historical data (2020–2024) · Consumer Defensive · Household & Personal Products
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Kenvue Inc. trades at 35.4x earnings, 10% above its 5-year average of 32.3x, sitting at the 50th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 21.6x, the stock trades at a premium of 64%. On a free-cash-flow basis, the stock trades at 27.4x P/FCF, 19% above the 5-year average of 23.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Market Cap | $36.6B | $41.4B | $41.2B | — | — | — |
| Enterprise Value | $44.3B | $49.1B | $48.3B | — | — | — |
| P/E Ratio → | 35.41 | 39.87 | 24.75 | — | — | — |
| P/S Ratio | 2.37 | 2.68 | 2.67 | — | — | — |
| P/B Ratio | 3.80 | 4.28 | 3.68 | — | — | — |
| P/FCF | 27.44 | 31.01 | 15.28 | — | — | — |
| P/OCF | 20.71 | 23.40 | 13.01 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Kenvue Inc.'s enterprise value stands at 18.0x EBITDA, roughly in line with its 5-year average of 17.6x. The Consumer Defensive sector median is 12.3x, placing the stock at a 46% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.17 | 3.13 | — | — | — |
| EV / EBITDA | 17.98 | 19.92 | 15.38 | — | — | — |
| EV / EBIT | 24.05 | 26.57 | 18.95 | — | — | — |
| EV / FCF | — | 36.74 | 17.89 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Kenvue Inc. earns an operating margin of 11.9%, above the Consumer Defensive sector average of 1.1%. Operating margins have compressed from 17.9% to 11.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 9.9% is modest. ROIC of 7.8% represents adequate returns on invested capital versus a sector median of 5.7%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Gross Margin | 58.0% | 58.0% | 56.0% | 55.4% | 55.9% | 54.2% |
| Operating Margin | 11.9% | 11.9% | 16.3% | 17.9% | 19.4% | -6.8% |
| Net Profit Margin | 6.7% | 6.7% | 10.8% | 13.8% | 13.8% | -6.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| ROE | 9.9% | 9.9% | 10.7% | 10.2% | 10.7% | -4.8% |
| ROA | 3.9% | 3.9% | 6.0% | 7.5% | 7.3% | -3.0% |
| ROIC | 7.8% | 7.8% | 8.2% | 8.4% | 11.7% | -4.1% |
| ROCE | 8.7% | 8.7% | 11.0% | 11.3% | 12.8% | -4.5% |
Solvency and debt-coverage ratios — lower is generally safer
Kenvue Inc. carries a Debt/EBITDA ratio of 3.5x, which is moderately leveraged (9% above the sector average of 3.2x). Net debt stands at $7.6B ($8.7B total debt minus $1.1B cash). Interest coverage of 4.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.90 | 0.90 | 0.75 | 0.45 | 0.01 | — |
| Debt / EBITDA | 3.54 | 3.54 | 2.68 | 2.73 | 0.04 | — |
| Net Debt / Equity | — | 0.79 | 0.63 | 0.39 | -0.03 | -0.03 |
| Net Debt / EBITDA | 3.11 | 3.11 | 2.24 | 2.35 | -0.17 | — |
| Debt / FCF | — | 5.73 | 2.61 | 3.63 | -15.67 | -0.20 |
| Interest Coverage | 4.27 | 4.27 | 7.02 | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.96x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.1B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.50x to 0.96x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.96 | 0.96 | 1.12 | 1.50 | 1.22 | 0.61 |
| Quick Ratio | 0.69 | 0.69 | 0.78 | 0.93 | 0.80 | 0.39 |
| Cash Ratio | 0.19 | 0.19 | 0.25 | 0.31 | 0.18 | 0.08 |
| Asset Turnover | — | 0.60 | 0.55 | 0.55 | 0.54 | 0.50 |
| Inventory Turnover | 4.08 | 4.08 | 3.67 | 2.99 | 3.90 | 3.93 |
| Days Sales Outstanding | — | 62.80 | 62.39 | 56.08 | 56.52 | 53.74 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Kenvue Inc. returns 4.9% to shareholders annually — split between a 4.2% dividend yield and 0.6% buyback yield. The payout ratio exceeds 100% at 150.7%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Dividend Yield | 4.2% | 3.7% | 35.3% | — | — | — |
| Payout Ratio | 150.7% | 150.7% | 874.6% | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Earnings Yield | 2.8% | 2.5% | 4.0% | — | — | — |
| FCF Yield | 3.6% | 3.2% | 6.5% | — | — | — |
| Buyback Yield | 0.6% | 0.6% | 0.0% | — | — | — |
| Total Shareholder Yield | 4.9% | 4.3% | 35.3% | — | — | — |
| Shares Outstanding | — | $1.9B | $1.9B | $1.9B | $1.9B | $1.9B |
Compare KVUE with 2 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| KVUEYou | $37B | 35.4 | 18.0 | 27.4 | 58.0% | 11.9% | 9.9% | 7.8% | 3.5 |
| SGI | $19B | 48.6 | 21.1 | 29.7 | 44.4% | 13.2% | 20.8% | 9.1% | 6.5 |
| ACU | $171M | 18.4 | 9.8 | 35.5 | 39.3% | 7.3% | 9.8% | 8.4% | 1.6 |
| Consumer Defensive Median | — | 21.6 | 12.3 | 16.4 | 40.7% | 1.1% | 7.8% | 5.7% | 3.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 5 years · Updated daily
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Start ComparisonKenvue Inc.'s current P/E ratio is 35.4x. The historical average is 32.3x. This places it at the 50th percentile of its historical range.
Kenvue Inc.'s current EV/EBITDA is 18.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.6x.
Kenvue Inc.'s return on equity (ROE) is 9.9%. The historical average is 7.3%.
Based on historical data, Kenvue Inc. is trading at a P/E of 35.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kenvue Inc.'s current dividend yield is 4.22% with a payout ratio of 150.7%.
Kenvue Inc. has 58.0% gross margin and 11.9% operating margin. Operating margin between 10-20% is typical for established companies.
Kenvue Inc.'s Debt/EBITDA ratio is 3.5x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.