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UNFI

United Natural Foods Inc. Common Stock (UNFI) fair value

Consumer Defensive · Food Distribution · NYSE · United States
$46.88-0.85%
Market cap $2.8BNext earnings 2026-12-01Updated Oct 21, 2026
Add earnings to calendarGoogle
Our verdict
Trades 10% below our fair value
Price
$46.88
Model fair valueConfidence: good
$52.02
Model range
$28.44 to $63.55
Fair value $52.02
Price $46.88
3 models fit United Natural Foods Inc. Common Stock and they disagree: 0 of 3 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)Bronze59
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, and Graham number.
ACCE opinionUnited Natural Foods Inc. Common Stock (UNFI)
Fair value (3 models)
$52.02
ACCE price target
$47.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 16 Oct 2026, 00:00 CEST; previously $58.14 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 21 Oct 2026, 12:04 CEST.
Price used: $46.88 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, 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
9.9% below
+11.0% to fair value
ACCE score
44
out of 100
Analysts
30% buy
10 covering
P/E
35.0x
forward 11.5x
1-year return
+17.6%
Dividend yield
0.00%

United Natural Foods Inc. Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

United Natural Foods distributes natural, organic and specialty groceries to independent and chain retailers, and operates the Whole Foods Market and Sprouts supply business as its largest customer relationship. Its moat is thin: a 13.5% gross margin and a 1.0% operating margin leave little room for error in a low-margin distribution model where scale matters most. Revenue is shrinking (down 0.7%), and a trailing P/E of 34.2 against a forward P/E of 13.1 signals that earnings are expected to recover sharply from a depressed base, so the forward multiple rests on that recovery being delivered. It is worth a deeper look only if the reader believes margin repair in the distribution and retail segments can close the gap between a 5.3% ROE and the returns this capital base should earn; with a score of 42/100 and no index membership, the burden of proof sits with the bull case.

AI-assisted·How I use AIWritten Oct 18, 2026

Next results

Dec 1, 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 UNFI's valuation models land
Price
$46.88
Model fair value
$52.02
Model range
$28.44 to $63.55
Fair value $52.02
Price $46.88
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
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

Bearish30% buy · 10 covering analysts
● Strong buy 3● Buy 0● Hold 7● 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
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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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
-1.9%
1 month
+7.2%
3 months
-5.6%
6 months
-2.6%
YTD
+39.2%
1 year
+17.6%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
21 Oct 2026, 12:04 CESTRatingFairly valuedfirst publication$46.48
16 Oct 2026, 00:00 CESTFair value$52.37$58.14$47.68
11 Oct 2026, 00:00 CESTACCE price target$47.00first publication$44.51
11 Oct 2026, 00:00 CESTFair value$58.14$63.51$44.51
7 Oct 2026, 00:00 CESTFair value$63.51$65.48$44.53
27 Sept 2026, 00:00 CESTFair value$65.48$63.43$45.85
25 Sept 2026, 00:00 CESTFair value$63.43$64.81$43.74
19 Sept 2026, 00:00 CESTFair value$64.81$62.75$46.30
17 Sept 2026, 00:00 CESTFair value$62.75$69.82$44.81
14 Sept 2026, 00:00 CESTFair value$69.82$41.39$44.45

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

Growth7Value79Quality25Momentum63Total44
Valuation
Trailing P/E
35.0x
Forward P/E
11.5x
PEG
no data
P/B
1.63x
EV / Revenue
0.2x
Book value/sh
$26.88
Enterprise value
$5.6B
Profitability
ROE
5.3%
FCF yield
11.58%
ROIC
1.5%
Health and risk
Debt / equity
1.87
Dividend yield
0.00%
Beta
0.97

Price

+18.6% · 1Y

Ask anything about UNFI

Answered from United Natural Foods Inc. 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 11.7x35.0xhigh 389.7x
ROEbetter than 17% of peers
low 1%5%high 18%
Div yieldbetter than 33% of peers
low 0.0%0.0%high 6.1%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
UNFI United Natural Foods Inc. Common Stock$46.88$5210% below35.0x5.3%2544
MTS.AX Metcash LimitedA$3.18A$428% below12.8x16.7%3550
ANDE Andersons Inc. (The) Common Stock$65.10$8927% below12.5x12.2%3550
CHEF The Chefs' Warehouse Inc. Common Stock$107.29$38185% above50.4x15.3%4364
AVO Mission Produce Inc. Common Stock$11.82$925% above389.7x0.5%3044
ACOMO.AS Acomo N.V.€23.00€4144% below11.7x13.8%4839
BNZL.L Bunzl plc£27.84£309% below18.7x18.2%5766

Sector report card

Where UNFI ranks against its sector peers on each metric.

Computing percentiles…
  • Business Wire•Sep 9, 2026
    United Natural Foods to Participate in the Goldman Sachs 33rd Annual Global Retailing Conference
  • Business Wire•Aug 10, 2026
    United Natural Foods to Release Fourth Quarter and Full Year Fiscal 2026 Results on September 8, 2026
  • Business Wire•Jun 25, 2026
    United Natural Foods Spotlights Top Industry Trends and Innovations to Help Grocery Retailers Differentiate this Holiday and Winter Selling Season
40 filings
October 2026
Oct 13
Form 4Insider transactionPeriod 2026-10-08
View on SEC →
Oct 13
Form 4Insider transactionPeriod 2026-10-08
View on SEC →
Oct 13
Form 4Insider transactionPeriod 2026-10-08
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR