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Kenvue Valuation Multiples
Discover revenue and EBITDA valuation multiples for Kenvue and similar public comparables like Estee Lauder, Henkel, Ulta Beauty, Galderma and more.
Kenvue Overview
About Kenvue
Kenvue is the world’s largest pure-play consumer health company by sales, generating over $15 billion in annual revenue. Formerly known as Johnson & Johnson’s consumer segment, Kenvue spun off and went public in May 2023. It operates in a variety of categories within consumer health, such as cough, cold and allergy care, pain management, face and body care, and oral care, as well as women’s health. Its portfolio has some of the most well-known brands in the space, including Tylenol, Listerine, Johnson’s, Aveeno, and Neutrogena. Kenvue announced November 2025 that it signed a deal to be fully acquired by Kimberly-Clark with the deal expected to close during the second half of 2026.
Founded
2022
HQ
Employees
22.0K
Website
Sectors
Financials (LTM)
EV
$44B
Kenvue Financials
Kenvue reported last 12-month revenue of $15B and EBITDA of $3B.
In the same LTM period, Kenvue generated $9B in gross profit, $3B in EBITDA, and $2B in net income.
Revenue (LTM)
Kenvue P&L
In the most recent fiscal year, Kenvue reported revenue of $15B and EBITDA of $3B.
Kenvue expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $9B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 58% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Debt | — | — | $7B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Kenvue Stock Performance
Kenvue has current market cap of $36B, and enterprise value of $44B.
Market Cap Evolution
Kenvue's stock price is $18.89.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $44B | $36B | 0.0% | XXX | XXX | XXX | $1.08 |
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Start Free TrialKenvue Valuation Multiples
Kenvue trades at 2.9x EV/Revenue multiple, and 12.6x EV/EBITDA.
EV / Revenue (LTM)
Kenvue Financial Valuation Multiples
As of April 5, 2026, Kenvue has market cap of $36B and EV of $44B.
Equity research analysts estimate Kenvue's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Kenvue has a P/E ratio of 17.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $36B | XXX | $36B | XXX | XXX | XXX |
| EV (current) | $44B | XXX | $44B | XXX | XXX | XXX |
| EV/Revenue | 2.9x | XXX | 2.9x | XXX | XXX | XXX |
| EV/EBITDA | 12.6x | XXX | 12.8x | XXX | XXX | XXX |
| EV/EBIT | 13.7x | XXX | 13.8x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | 5.0x | XXX | XXX | XXX |
| P/E | 17.2x | XXX | 17.4x | XXX | XXX | XXX |
| EV/FCF | 21.4x | XXX | 21.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Kenvue Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Kenvue Margins & Growth Rates
Kenvue's revenue in the last 12 month grew by 3%.
Kenvue's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.
Kenvue's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Kenvue's rule of X is 30% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Kenvue Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 30% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 40% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Kenvue Public Comps
See public comps and valuation multiples for other Health & Beauty comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Estee Lauder | XXX | XXX | XXX | XXX | XXX | XXX |
| Henkel | XXX | XXX | XXX | XXX | XXX | XXX |
| Ulta Beauty | XXX | XXX | XXX | XXX | XXX | XXX |
| Galderma | XXX | XXX | XXX | XXX | XXX | XXX |
| Haleon | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Kenvue M&A Activity
Kenvue acquired XXX companies to date.
Last acquisition by Kenvue was on XXXXXXXX, XXXXX. Kenvue acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Kenvue
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialKenvue Investment Activity
Kenvue invested in XXX companies to date.
Kenvue made its latest investment on XXXXXXXX, XXXXX. Kenvue invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Kenvue
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Kenvue
| When was Kenvue founded? | Kenvue was founded in 2022. |
| Where is Kenvue headquartered? | Kenvue is headquartered in United States. |
| How many employees does Kenvue have? | As of today, Kenvue has over 22K employees. |
| Who is the CEO of Kenvue? | Kenvue's CEO is Kirk L. Perry. |
| Is Kenvue publicly listed? | Yes, Kenvue is a public company listed on NYSE. |
| What is the stock symbol of Kenvue? | Kenvue trades under KVUE ticker. |
| When did Kenvue go public? | Kenvue went public in 2023. |
| Who are competitors of Kenvue? | Kenvue main competitors are Estee Lauder, Henkel, Ulta Beauty, Galderma. |
| What is the current market cap of Kenvue? | Kenvue's current market cap is $36B. |
| What is the current revenue of Kenvue? | Kenvue's last 12 months revenue is $15B. |
| What is the current revenue growth of Kenvue? | Kenvue revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Kenvue? | Current revenue multiple of Kenvue is 2.9x. |
| Is Kenvue profitable? | Yes, Kenvue is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Kenvue? | Kenvue's last 12 months EBITDA is $3B. |
| What is Kenvue's EBITDA margin? | Kenvue's last 12 months EBITDA margin is 23%. |
| What is the current EV/EBITDA multiple of Kenvue? | Current EBITDA multiple of Kenvue is 12.6x. |
| What is the current FCF of Kenvue? | Kenvue's last 12 months FCF is $2B. |
| What is Kenvue's FCF margin? | Kenvue's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of Kenvue? | Current FCF multiple of Kenvue is 21.4x. |
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