Is Kenvue, Inc. overvalued or undervalued?

As of 17 October 2025, Kenvue, Inc. has moved from an attractive to an expensive valuation grade. The company appears overvalued based on its current metrics, including a P/E ratio of 21, a Price to Book Value of 4.15, and an EV to EBITDA of 15.33. In comparison, Kimberly-Clark Corp. has a fair P/E of 19.95, while Church & Dwight Co., Inc. is classified as very expensive with a P/E of 31.24, highlighting Kenvue's relatively high valuation within its peer group.
The stock has underperformed against the S&P 500 across multiple periods, with a year-to-date return of -28.38% compared to the index's 13.30%. This significant underperformance reinforces the notion that Kenvue is currently overvalued.