Kenvue Inc. (KVUE)

Perfumes, Cosmetics & Other Toilet Preparations

Latest Price

$17.66

TTM P/E

20.53

Normalized P/E

20.62

Div Yield

4.70%

Book Value

5.50

P/B Ratio

3.21

Valuation metrics

EPS: $0.76

Book value / share: $5.62

Formula: √(22.5 × EPS × BVPS)

Graham Number

$9.80

44% downside

Norm. op. income: $2.4B (median of 3yr)

Tax rate: 26%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$5.05

71% downside

Base FCF: $1.7B (median of recent 3yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$11.11

37% downside

EPS: $0.76

Target P/E: 21×

Formula: EPS × P/E

P/E Fair Value

$15.96

10% downside

91.5% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
FMR LLC	157.05M	$3.00B	8.18%	+21.96M	2026-06-30
BlackRock, Inc.	150.83M	$2.88B	7.85%	+5.53M	2026-06-30
Vanguard Capital Management LLC	125.31M	$2.39B	6.53%	+890.5K	2026-06-30
State Street Corp	121.62M	$2.32B	6.33%	+2.05M	2026-06-30
Vanguard Portfolio Management LLC	93.30M	$1.78B	4.86%	+839.4K	2026-06-30
Geode Capital Management, LLC	52.02M	$990.0M	2.71%	+751.1K	2026-06-30
Independent Franchise Partners LLP	50.43M	$963.0M	2.63%	+1.22M	2026-06-30
Norges Bank	46.16M	$882.0M	2.40%	+2.28M	2026-06-30
Massachusetts Financial Services Co	44.72M	$861.0M	2.33%	-5.03M	2026-06-30
Millennium Management LLC	37.36M	$713.0M	1.95%	+4.95M	2026-06-30