Kenvue (KVUE) intrinsic value & 10-year financials

Kenvue (KVUE) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 0.1% a year to $15.1B, with an average return on invested capital of 10.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$18.91
Market cap
$36.4B
Revenue (FY2025)
$15.1B
Revenue growth (5-yr CAGR)
0.1%
ROIC (10-yr avg)
10.0%
Free cash flow (FY2025)
$1.7B

KVUE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $15.1B $1.5B $0.76 $1.7B 16.0% 10.5%
FY2024 $15.5B $1.0B $0.54 $1.3B 11.9% 7.9%
FY2023 $15.4B $1.7B $0.90 $2.7B 16.3% 10.9%
FY2022 $15.1B $2.1B $1.21 $39.0M 19.4% 10.7%
FY2021 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Kenvue Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Kenvue Inc. returns on capital have been average, hovering around 9.8% ROIC over the decade.

Kenvue Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Kenvue Inc. is modeled at -14.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-13.26 per share.

KVUE stock: frequently asked questions

What is the intrinsic value of Kenvue (KVUE) stock?

Graham's formula only works with positive earnings. Kenvue reported diluted EPS of $0.76 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Kenvue generate free cash flow?

Kenvue generated $1.7B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 4 reported years.

What is KVUE's return on invested capital?

Average ROIC over the last 5 fiscal years was 10.0%, and average return on equity was 11.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KVUE data come from?

From Kenvue's annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar perfumes, cosmetics & other toilet preparations stocks