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 is currently overvalued based on its financial metrics. Key ratios include a P/E ratio of 21, an EV to EBITDA of 15.33, and a Price to Book Value of 4.15, which are higher than some of its peers such as Kimberly-Clark Corp. with a P/E of 19.95 and an EV to EBITDA of 15.42, indicating that Kenvue is trading at a premium compared to its industry counterparts.
Additionally, Kenvue's recent stock performance has been poor, with a year-to-date return of -28.38%, significantly underperforming the S&P 500's return of 13.30% over the same period. This stark contrast reinforces the notion that Kenvue is overvalued in the current market environment.