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PG
ACCE-researched

Procter & Gamble Company (The) Common Stock (PG) fair value

Consumer Defensive · Household & Personal Products · NYSE · United States
$161.02-2.12%
Market cap $373.2BNext earnings 2026-10-22Updated Oct 23, 2026
Our verdict
Trades 52% above our fair value
Price
$161.02
Model fair valueConfidence: good
$106
Model range
$59.03 to $132
Fair value $106
Price $161
4 models fit Procter & Gamble Company (The) Common Stock and they disagree: 1 of 4 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Silver65
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionProcter & Gamble Company (The) Common Stock (PG)
Fair value (4 models)
$106
ACCE price target
$166
Rating
Overvalued
Horizon
12 months
Fair value published on 23 Oct 2026, 12:04 CEST; previously $113 since 18 Oct 2026, 17:04 CEST.
ACCE price target published on 23 Oct 2026, 01:52 CEST; previously $155 since 17 Sept 2026, 00:00 CEST.
Rating published on 18 Oct 2026, 17:04 CEST.
Price used: $161 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
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
51.7% above
-34.1% to fair value
ACCE score
60
out of 100
Analysts
52% buy
25 covering
P/E
24.3x
forward 21.7x
1-year return
+5.8%
Dividend yield
2.63%

Procter & Gamble Company (The) Common Stock in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Procter & Gamble manufactures laundry detergents (Tide, Ariel), fabric softeners (Downy), bar soaps (Ivory, Safeguard), shampoos (Head & Shoulders, Pantene), and oral care products (Crest, Oral-B) sold through mass retail and e-commerce channels globally. The company's portfolio of 65+ brands with combined annual sales exceeding $80 billion creates durable pricing power and cross-selling opportunities that competitors struggle to replicate at scale. Near-term growth hinges on volume recovery in developed markets and continued premiumization in emerging economies, where middle-class expansion is driving demand for higher-margin personal care products. PG trades at a 20.4x forward multiple despite 1.5% revenue growth, pricing in stability rather than acceleration; the 30.3% ROE and 22.1% operating margin suggest the business generates substantial cash but offers limited upside unless organic growth re-accelerates or the company deploys capital more aggressively. At current valuations, the stock appears to reflect a mature, well-managed cash generator rather than a compelling opportunity for a concentrated portfolio.

AI-assisted·How I use AIWritten Oct 12, 2026
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
  • high
    Earnings collapse
    Earnings down 15.5% YoY despite flat revenue growth. Operating leverage has reversed; net margin still strong at 18.4% but trajectory is concerning.
  • moderate
    Valuation premium to growth
    Forward P/E 20.4 on 2% revenue CAGR and negative earnings growth.
  • moderate
    Insider selling signal
    Last 10 disclosed transactions: $1.24M in sales, zero buys. Insiders are net sellers despite stock near fair value.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • PG converts revenue into cash with exceptional efficiency, generating 18.4% net margins and 30.3% ROE.
  • The company returned $13.3B in free cash flow last year while shrinking share count by 1.3%, rewarding shareholders.
  • Analyst consensus rates 56% of coverage as Buy or Strong Buy, with a mean target 6.6% above current price.
Why it could disappoint
  • Revenue grew only 1.5% year over year while the stock trades at 22.8x trailing earnings, a premium multiple on weak growth.
  • Consensus fair value sits 26.7% below the current share price of $151.23, implying significant downside risk.
  • PG trades at 20.4x forward earnings versus a 18.1x sector median, despite 5-year revenue growth of only 2.0% annually.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Walk me through this stock

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

PRO

Ask ACCE

Valuation

INVESTOR
Where PG's valuation models land
Price
$161.02
Model fair value
$106
Model range
$59.03 to $132
Fair value $106
Price $161
The price is above the whole 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

Mixed52% buy · 25 covering analysts
● Strong buy 8● Buy 5● Hold 12● Sell 0● Strong sell 0
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
6 buys · 5 sells
Since Apr 16, 2026, 5 members
Average delay
12 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

Compare PG with another stock

PG vs WMT

News and Record

Press releases mentioning this company

Recent performance

1 week
+1.0%
1 month
+9.2%
3 months
+9.2%
6 months
+8.7%
YTD
+12.4%
1 year
+5.8%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 12:04 CESTFair value$106$113$166
23 Oct 2026, 01:52 CESTACCE price target$166$155$166
18 Oct 2026, 17:04 CESTFair value$113$111$159
18 Oct 2026, 17:04 CESTRatingOvervaluedfirst publication$159
28 Sept 2026, 00:00 CESTFair value$111$114$146
17 Sept 2026, 00:00 CESTACCE price target$155first publication$147
14 Sept 2026, 00:00 CESTFair value$114$116$145
12 Sept 2026, 00:00 CESTFair value$116$118$143
7 Sept 2026, 00:00 CESTFair value$118$119$146
31 Aug 2026, 00:00 CESTFair value$119$122$143

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

Growth19Value59Quality85Momentum76Total60
Valuation
Trailing P/E
24.3x
Forward P/E
21.7x
PEG
no data
P/B
6.46x
EV / Revenue
4.3x
Book value/sh
$22.95
Enterprise value
$370.1B
Profitability
ROE
30.3%
FCF yield
3.94%
ROIC
14.7%
Health and risk
Debt / equity
0.64
Dividend yield
2.63%
Beta
0.38

Price

+5.6% · 1Y

Ask anything about PG

Answered from Procter & Gamble Company (The) Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 33% of peers
low 12.5x24.3xhigh 37.0x
ROEbetter than 17% of peers
low 19%30%high 267%
Div yieldbetter than 33% of peers
low 1.8%2.6%high 3.9%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
PG Procter & Gamble Company (The) Common Stock$161.02$10652% above24.3x30.3%8560
OR.PA L'Oreal€413.00€21394% above37.0x19.4%8457
UL Unilever PLC American Depositary Shares (each representing One Ordinary Share)$67.00$704% below13.0x31.9%7557
UNA.AS Unilever PLC€59.36€601% below13.9x31.9%7560
ULVR.L Unilever£49.76£3830% above13.4x31.9%7556
CL Colgate-Palmolive Company Common Stock$97.39$7137% above37.0x267.4%7256
RKT.L Reckitt Benckiser Group plc£55.78£618% below12.5x48.0%8358

Sector report card

Where PG ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Oct 14, 2026
    Think Your Toilet Paper Is Good Enough? Charmin Thinks You and Your Butt Deserve Better.
  • Business Wire•Oct 13, 2026
    P&G Declares Quarterly Dividend
  • Business Wire•Oct 9, 2026
    Pampers Turns Parent Feedback into an Improved Wipes Experience with Help from Iliza Shlesinger
18 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 16
8-KCurrent reportPeriod 2026-10-16
View on SEC →
Oct 14
Form 4Insider transactionPeriod 2026-10-13
View on SEC →
Oct 14
Form 4Insider transactionPeriod 2026-10-13
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR