Kenvue Inc. (KVUE) Key Metrics
KVUE valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $36.32B
- Enterprise value
- $41.44B
- P/E (TTM)
- 22.0 10-yr median 24.8
- Forward P/E
- 14.7
- PEG ratio
- 1.40
- Price / sales
- 2.4 10-yr median 2.7
- Price / book
- 3.2 10-yr median 3.7
- EV / EBITDA
- 12.9 10-yr median 15.2
- Dividend yield
- 4.44% $0.84 a year
- Beta
- 0.45
KVUE key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKVUE valuation Price multiples at each fiscal year-end price.
KVUE returns How much profit the business earns on the capital it uses.
KVUE per-share figures Results divided by the shares outstanding at year-end.
KVUE financial health Debt, liquidity and how easily interest is covered.
KVUE efficiency & capital use Working capital cycle and where the cash goes.
KVUE valuation history
KVUE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KVUE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KVUE cash returned to shareholders
KVUE price vs earnings per share
KVUE key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $33.19B | $41.06B | $41.23B | — | — | — | — |
| Enterprise value | $40.65B | $48.71B | $48.28B | — | — | — | — |
| P/E ratio | 22.6 | 39.9 | 24.8 | — | — | — | — |
| Price / sales | 2.2 | 2.7 | 2.7 | — | — | — | — |
| Price / book | 3.1 | 4.2 | 3.7 | — | — | — | — |
| Price / free cash flow | 19.3 | 30.8 | 15.3 | — | — | — | — |
| Price / operating cash flow | 15.1 | 23.2 | 13.0 | — | — | — | — |
| EV / sales | 2.7 | 3.2 | 3.1 | — | — | — | — |
| EV / EBITDA | 13.9 | 19.7 | 15.2 | — | — | — | — |
| EV / free cash flow | 23.6 | 36.5 | 17.9 | — | — | — | — |
| Earnings yield | 4.4% | 2.5% | 4.0% | — | — | — | — |
| Free cash flow yield | 5.2% | 3.3% | 6.5% | — | — | — | — |
| Dividend yield | 4.8% | 3.8% | 35.3% | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 5.4% | 4.4% | 35.3% | — | — | — | — |
| Share price at fiscal year-end | $17.25 | $21.35 | $21.53 | — | — | — | — |
| Per share | |||||||
| Revenue per share | $7.86 | $8.04 | $8.06 | $7.81 | $7.97 | $7.66 | $7.58 |
| Earnings per share | $0.76 | $0.54 | $0.87 | $1.08 | $1.10 | −$0.47 | $0.76 |
| Operating cash flow per share | $1.14 | $0.92 | $1.65 | $1.32 | $0.18 | $1.80 | $1.59 |
| Free cash flow per share | $0.90 | $0.69 | $1.41 | $1.12 | $0.02 | $1.68 | $1.43 |
| Cash per share | $0.55 | $0.56 | $0.72 | $0.64 | $0.39 | $0.33 | — |
| Book value per share | $5.60 | $5.03 | $5.85 | $10.43 | $10.80 | $9.72 | — |
| Tangible book value per share | −$3.87 | −$3.98 | −$4.01 | $0.49 | −$0.06 | −$1.90 | — |
| Dividends per share | $0.82 | $0.81 | $7.60 | $0.00 | $0.00 | — | — |
| Capex per share | $0.25 | $0.23 | $0.24 | $0.20 | $0.16 | $0.12 | $0.15 |
| Debt per share | $4.43 | $4.53 | $4.40 | $4.72 | $0.07 | $0.17 | — |
| Shares outstanding | 1.92B | 1.92B | 1.92B | 1.91B | 1.89B | 1.89B | 1.89B |
| Change in shares outstanding | +0.1% | +0.4% | +0.0% | +1.4% | +0.0% | −0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 14.4% | 9.9% | 10.7% | 10.2% | 10.7% | −4.8% | — |
| Return on invested capital (ROIC) | 11.2% | 7.5% | 8.3% | 8.8% | 11.0% | −4.3% | — |
| Return on assets (ROA) | 5.6% | 3.9% | 6.0% | 7.5% | 7.3% | −3.0% | — |
| Return on tangible assets | 16.6% | 12.4% | 18.6% | 24.9% | 28.0% | −12.1% | — |
| Free cash flow margin | 11.4% | 8.6% | 17.5% | 14.4% | 0.3% | 21.9% | 18.9% |
| Income quality (OCF / net income) | 1.49 | 1.72 | 1.90 | 1.22 | 0.16 | — | 2.09 |
| Financial health | |||||||
| Total debt | $8.52B | $8.72B | $8.43B | $9.05B | $129.0M | $320.0M | — |
| Cash & short-term investments | $1.06B | $1.07B | $1.38B | $1.23B | $740.0M | $618.0M | — |
| Net debt | $7.46B | $7.65B | $7.04B | $7.82B | −$611.0M | −$298.0M | — |
| Debt / equity | 0.79 | 0.90 | 0.75 | 0.45 | 0.01 | 0.02 | — |
| Debt / assets | 0.31 | 0.34 | 0.30 | 0.33 | 0.00 | 0.01 | — |
| Net debt / EBITDA | 2.54 | 3.10 | 2.22 | 2.38 | −0.17 | −0.08 | — |
| Current ratio | 0.96 | 0.96 | 1.12 | 1.50 | 1.22 | 0.61 | — |
| Quick ratio | 0.68 | 0.69 | 0.78 | 0.93 | 0.80 | 0.39 | — |
| Interest coverage | 7.1 | 4.3 | 7.0 | — | — | — | — |
| Working capital | −$248.0M | −$214.0M | $657.0M | $1.95B | $885.0M | −$2.90B | — |
| Invested capital | $18.23B | $17.32B | $18.26B | $27.79B | $19.79B | $18.06B | — |
| Tangible asset value | −$7.44B | −$7.65B | −$7.68B | $932.0M | −$112.0M | −$3.58B | — |
| Net current asset value | −$10.61B | −$10.41B | −$10.50B | −$1.47B | −$2.60B | −$6.23B | — |
| Graham number | $9.81 | $7.78 | $10.70 | $15.90 | $16.35 | — | — |
| Graham net-net per share | −$6.40 | −$6.28 | −$6.45 | −$1.71 | −$2.22 | −$4.11 | — |
| Capital allocation | |||||||
| Dividends paid | $1.58B | $1.55B | $14.55B | $0 | $0 | — | — |
| Share buybacks (net) | $197.0M | $235.0M | $0 | $0 | — | — | — |
| Dividend payout ratio | 107.6% | 150.7% | 874.6% | 0.0% | 0.0% | — | — |
| Dividends + buybacks / free cash flow | 103.3% | 133.9% | 539.2% | 0.0% | 0.0% | — | — |
| Capex / revenue | 3.1% | 2.8% | 3.0% | 2.5% | 2.0% | 1.6% | 2.0% |
| Capex / operating cash flow | 21.6% | 24.5% | 14.8% | 14.9% | 88.3% | 6.7% | 9.6% |
| Capex / depreciation | 0.85 | 0.70 | 0.75 | 0.58 | 0.40 | 0.31 | 0.41 |
| Stock-based compensation / revenue | 0.9% | 1.6% | 1.2% | 0.9% | 0.9% | 0.8% | 0.7% |
| R&D / revenue | 2.5% | — | 2.6% | 2.5% | 2.4% | 2.2% | 2.7% |
| SG&A / revenue | 40.3% | 39.0% | 36.8% | 28.6% | 26.7% | 34.3% | 36.3% |
| Efficiency | |||||||
| Days sales outstanding | 66.0 | 62.6 | 58.3 | 56.5 | 54.1 | 53.7 | — |
| Days of inventory on hand | 93.9 | 96.7 | 109.4 | 107.6 | 93.2 | 92.9 | — |
| Days payables outstanding | 136.2 | 133.3 | 115.9 | 100.1 | 93.7 | 87.1 | — |
| Cash conversion cycle (days) | 23.7 | 26.0 | 51.9 | 63.9 | 53.6 | 59.6 | — |
| Receivables turnover | 5.53 | 5.83 | 6.26 | 6.46 | 6.75 | 6.79 | — |
| Payables turnover | 2.68 | 2.74 | 3.15 | 3.65 | 3.90 | 4.19 | — |
| Inventory turnover | 3.89 | 3.77 | 3.34 | 3.39 | 3.92 | 3.93 | — |
| Asset turnover | 0.57 | 0.58 | 0.56 | 0.54 | 0.53 | 0.50 | — |
| Average receivables | $2.74B | $2.65B | $2.47B | $2.31B | $2.23B | $2.13B | — |
| Average payables | $2.36B | $2.37B | $2.16B | $1.83B | $1.70B | $1.58B | — |
| Average inventory | $1.63B | $1.72B | $2.04B | $1.96B | $1.69B | $1.69B | — |
| Intangibles / total assets | 67.2% | 67.6% | 67.8% | 69.7% | 73.4% | 75.2% | — |
Computed from KVUE's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KVUE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Kenvue traded at 22.6 times earnings, against a 7-year median of 24.8. Based on the latest twelve months, the trailing P/E is 22.0 and the forward P/E is 14.7. Kenvue earned a return on equity of 14.4% and a return on invested capital of 11.2% in fiscal 2025. It ended the year with $8.5 billion of debt and $1.1 billion in cash and short-term investments, net debt of $7.5 billion. It returned $1.8 billion to shareholders: $1.6 billion in dividends and $197.0 million in share buybacks, 103% of free cash flow.
See the KVUE income statement, the KVUE chart for price history, or the KVUE stock overview for the latest quote and news.
KVUE key metrics FAQ
What is Kenvue's P/E ratio?
Kenvue's trailing P/E ratio is 22.0 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 14.7. At the end of fiscal 2025 it was 22.6, compared with a 7-year median of 24.8.
What is Kenvue's EV/EBITDA?
Kenvue's enterprise value was 13.9 times EBITDA at the end of fiscal 2025 (enterprise value $40.7 billion, EBITDA $2.9 billion); the current EV/EBITDA is 12.9.
What is Kenvue's return on equity?
Kenvue's return on equity (ROE) was 14.4% in fiscal 2025: net income of $1.5 billion on average shareholders' equity of $10.2 billion.
What is Kenvue's ROIC?
Kenvue's return on invested capital was 11.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Kenvue have?
Kenvue had total debt of $8.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.79 and $7.5 billion of net debt (2.54 times EBITDA).
What is Kenvue's dividend yield?
Kenvue's forward dividend yield is 4.44%. Kenvue paid $1.6 billion in dividends in fiscal 2025 ($0.82 per share), a payout ratio of 107.6%.
Does Kenvue buy back its shares?
Yes. Kenvue spent $197.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.1% over the year, to 1.92B..
What is Kenvue's free cash flow yield?
Kenvue generated $1.7 billion of free cash flow in fiscal 2025, a free cash flow yield of 5.2% on its market value at year-end ($33.2 billion).
What is Kenvue's current ratio?
Kenvue's current ratio was 0.96 at the end of fiscal 2025: current assets were 0.96 times current liabilities.