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CPB
ACCE-researched

The Campbell's Company Common Stock (CPB) fair value

Consumer Defensive · Packaged Foods · NASDAQ · United States
$20.73-2.49%
Market cap $6.3BNext earnings 2026-12-08Updated Oct 16, 2026
Add earnings to calendarGoogle
Our verdict
Trades 12% below our fair value
Price
$20.73
Model fair valueConfidence: good
$23.58
Model range
$14.57 to $31.66
Fair value $23.58
Price $20.73
4 models fit The Campbell's Company Common Stock and they disagree: 0 of 4 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Silver66
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionThe Campbell's Company Common Stock (CPB)
Fair value (4 models)
$23.58
ACCE price target
$19.20
Rating
Fairly valued
Horizon
12 months
Fair value published on 17 Oct 2026, 00:00 CEST; previously $29.56 since 12 Oct 2026, 00:00 CEST.
ACCE price target published on 18 Oct 2026, 00:00 CEST; previously $20.00 since 21 May 2026, 00:00 CEST.
Price used: $20.73 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, Dividend discount, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
12.1% below
+13.7% to fair value
ACCE score
53
out of 100
Analysts
5% buy
20 covering
P/E
15.0x
forward 11.9x
1-year return
-33.2%
Dividend yield
7.98%

The Campbell's Company Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

The Campbell's Company makes Goldfish crackers, Pepperidge Farm cookies, V8 juice, Rao's pasta sauce, and Campbell's soups, sold mostly through US grocery and mass retail. The main structural asset is brand strength in shelf-stable snacks and sauces, where Rao's in particular has been taking share. The near-term issue is that revenue fell 7.9% year on year, so the case rests on whether volumes stabilise and the cost programme protects a 10.2% operating margin. At a trailing P/E of 15.2 and a forward P/E of 11.9, the market is pricing in continued decline, which makes the stock worth a closer look if you believe the top line is near its trough. The 50/100 score and absence from any major index reflect the revenue contraction, so the work to do is separating cyclical volume weakness from share loss.

AI-assisted·How I use AIWritten Oct 18, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Revenue collapse and deceleration
    YoY revenue down 7.9%, QoQ down 9.7%. 5-year CAGR only 1.4% signals structural demand weakness in core packaged foods business.
  • high
    Elevated leverage with weak growth
    Debt/Equity 1.79 paired with negative revenue momentum limits financial flexibility and refinancing optionality in a rising rate environment.
  • moderate
    Quality score deterioration
    ACCE Quality subscore 46/100 reflects operational headwinds. Combined with 24.9% short interest, suggests investor skepticism on turnaround credibility.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-10-11 · prices to Oct 23, 2026
Why it could do well
  • Stock trades at 10.5x forward earnings, well below the 18.1x sector median, suggesting meaningful upside.
  • Free cash flow yield of 11.1% provides a substantial cash return to shareholders at current valuation.
Why it could disappoint
  • Revenue declined 7.9% year over year while five-year growth averaged only 1.4%, signaling weak underlying demand.
  • Debt to equity of 1.79 leaves little room to sustain a 5.2% dividend yield if free cash flow deteriorates.
  • Only one of twenty analysts rates the stock Buy or Strong Buy, and mean target of $20.79 is just 8.2% above current price.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Dec 8, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where CPB's valuation models land
Price
$20.73
Model fair value
$23.58
Model range
$14.57 to $31.66
Fair value $23.58
Price $20.73
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
Dividend discount
EV/EBITDA comparison
Graham number
P/E comparison
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See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Bearish5% buy · 20 covering analysts
● Strong buy 1● Buy 0● Hold 13● Sell 4● Strong sell 2
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
1 buy · 0 sells
Since May 15, 2026, 1 member
Average delay
21 days
From trade to public filing
Full trade list on ProDo politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+4.3%
1 month
+1.9%
3 months
-5.1%
6 months
+0.5%
YTD
-25.6%
1 year
-33.2%

SEC filings

Recent ACCE blog coverage

  • $CPB Earnings: EPS Falls 31% in Quarter Reported March 11
    Campbell's $CPB posted EPS of $0.51 vs $0.74 a year ago, a 31.1% drop. Revenue also fell 4.5% YoY. ACCE score sits at 42. Here's what the numbers show.
    2026-06-08

Recommendation history, last 12 months

DateTypeNewPreviousPrice
18 Oct 2026, 00:00 CESTACCE price target$19.20$20.00$19.87
17 Oct 2026, 00:00 CESTFair value$23.58$29.56$19.84
12 Oct 2026, 00:00 CESTFair value$29.56$31.10$19.21
29 Sept 2026, 00:00 CESTFair value$31.10$31.58$19.37
15 Sept 2026, 00:00 CESTFair value$31.58$32.31$21.00
8 Sept 2026, 00:00 CESTFair value$32.31$35.28$21.38
6 Sept 2026, 00:00 CESTFair value$35.28$38.78$21.38
1 Sept 2026, 00:00 CESTFair value$38.78$38.07$23.39
29 Aug 2026, 00:00 CESTFair value$38.07$39.01$23.31
26 Aug 2026, 00:00 CESTFair value$39.01$30.93$24.10

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth43Value85Quality46Momentum38Total53
Valuation
Trailing P/E
15.0x
Forward P/E
11.9x
PEG
0.53
P/B
1.58x
EV / Revenue
1.3x
Book value/sh
$12.92
Enterprise value
$12.8B
Profitability
ROE
10.1%
FCF yield
10.69%
ROIC
3.0%
Health and risk
Debt / equity
1.85
Dividend yield
7.98%
Beta
0.04

Price

-33.0% · 1Y

Ask anything about CPB

Answered from The Campbell's Company Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 50% of peers
low 9.8x15.0xhigh 29.6x
ROEbetter than 50% of peers
low 6%10%high 22%
Div yieldbetter than 100% of peers
low 0.0%8.0%high 8.0%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
CPB The Campbell's Company Common Stock$20.73$2412% below15.0x10.1%4653
2875.T Toyo Suisan Kaisha, Ltd.¥10950.00--14.8x14.1%7568
2897.T Nissin Foods Holdings Co.,Ltd.¥3066.00--18.7x9.6%5261
2269.T Meiji Holdings Co., Ltd.¥4393.00--29.6x5.5%5665
AAK.ST AAK AB (publ.)kr 190.70kr 1921% below13.7x18.7%7347
2212.T Yamazaki Baking Co., Ltd.¥3877.00--18.2x8.9%5663
GRUMAB.MX GrumaMXN 245.62MXN 41040% below9.8x22.1%6954

Sector report card

Where CPB ranks against its sector peers on each metric.

Computing percentiles…
  • PR Newswire•Sep 15, 2026
    /C O R R E C T I O N -- Campbell's/
  • PR Newswire•Sep 15, 2026
    Campbell's Debuts News Sauces Lineup to Make Dinnertime Simple
  • Business Wire•Sep 4, 2026
    The Campbell’s Company to Participate in a Fireside Chat at Barclays Global Consumer Staples Conference on September 9
4 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 7
ProxyProxy statementPeriod 2026-11-17
View on SEC →
Oct 5
8-KCurrent reportPeriod 2026-10-01
View on SEC →
Oct 5
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR