PG
PROCTER & GAMBLE Co
Next earnings Jul 29, 2026 (after close) · consensus $1.46 EPS, $22.1B rev
Last earnings +2.5% on 2026-04-24
$151.41
▲ +1.99%$151.41▼ -2.56%
over 1Y
L $136.04H $165.95
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.0%
1W+2.0%
1M+7.5%
3M+6.6%
YTD+8.4%
1Y-2.6%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 36 analysts
Buy
Elite staple compounder — 30.6% ROE, expanding margins — but ~23x earnings for 0.3% revenue growth leaves no margin of safety.
Return on equity 30.6% · FY2025
The read
Middling fundamentals and a rich price (~29% above fair value) leave little margin of safety — a wait-and-see.
P&G is a textbook high-quality compounder. Return on equity is 30.6%, operating margin is 24.3% with operating income up 10.3%, and net margin sits at 19.0% — net income grew 7.4% to $16.0B and diluted EPS rose 8.1% to $6.51. The balance sheet is sound (liabilities/equity 1.40x, $130B retained earnings, $9.56B cash), and the capital-return machine is intact: $9.87B of dividends (+6.0%) plus $6.50B of buybacks (+29.8%) on a shrinking share count (-0.5%). This is a durable, cash-generative franchise that investors rightly prize.
The catch is growth — there essentially isn't any. Revenue inched up just 0.3% to $84.3B, a sharp deceleration from the $76.1B→$84.3B path of FY21–FY25. So the 8.1% EPS growth is engineered from margin expansion and buybacks, not volume, and that lever is finite. A yellow flag sits beneath the headline: operating cash flow fell 10.2% to $17.8B, so against ~$14B of free cash flow (after $3.77B capex, itself up 13.6%), the combined $16.4B of dividends and buybacks now runs ahead of FCF. The current portion of debt also jumped 40.1% to $5.38B.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 18, 2026, 7:22 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $76.1B | $80.2B | $82.0B | $84.0B | $84.3B |
| Gross profit | — | — | — | — | — |
| Operating income | $18.0B | $17.8B | $18.1B | $18.5B | $20.5B |
| Net income | $14.3B | $14.7B | $14.7B | $14.9B | $16.0B |
| Diluted EPS | $5.50 | $5.81 | $5.90 | $6.02 | $6.51 |
| Net margin | 18.8% | 18.4% | 17.9% | 17.7% | 19.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$373B
EV / EBITDA16.0
EV / Sales4.4
EV / FCF26.6
P / FCF25.1
PEG (trailing)3.16
Earnings yield4.5%
FCF yield4.0%
Quality & risk
ROIC (est.)19.5%
Free cash flow$14.0B
Total debt$30.4B
Net cash-$20.8B
Altman Z-Score5.46 safe
Piotroski F-Score6/8
Capital returns
Buyback yield1.8%
Dividend yield (est.)2.8%
Shareholder yield4.6%
Shares Δ YoY-0.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Reg FD disclosure2026-04-24
Q3 FY26 10-Q: steady margins and cash flow; no material new risks disclosed
- 8-K Earnings results2026-04-24
Q3 FY26 10-Q: steady margins and cash flow; no material new risks disclosed
- 10-Q Quarterly report2026-04-24
Q3 FY26 10-Q: steady margins and cash flow; no material new risks disclosed
- 8-K Reg FD disclosure2026-04-14
Reg FD timing matches PG's annual April dividend hike (Dividend King streak)
- 10-Q Quarterly report2026-01-23
- 8-K Reg FD disclosure2026-01-22
Reported fiscal Q2 (Dec qtr) earnings; results consistent with stable demand
- 8-K Earnings results2026-01-22
Reported fiscal Q2 (Dec qtr) earnings; results consistent with stable demand
- 8-K Reg FD disclosure2026-01-13
Reg FD: investor/conference communication ahead of Q2 earnings release
- 10-Q Quarterly report2025-10-24
Recent filings
all on EDGAR ↗4Period ending 2026-06-092026-06-10open ↗4Period ending 2026-06-092026-06-10open ↗4Period ending 2026-06-092026-06-10open ↗4Period ending 2026-06-092026-06-10open ↗4Period ending 2026-06-092026-06-10open ↗4Period ending 2026-06-092026-06-10open ↗3Period ending 2026-06-012026-06-08open ↗11-KPeriod ending 2025-12-312026-06-04open ↗SDFiling2026-05-27open ↗SCHEDULE 13GFiling2026-04-30open ↗10-QPeriod ending 2026-03-312026-04-24open ↗8-KPeriod ending 2026-04-242026-04-24open ↗
Frequently asked
- Is PROCTER & GAMBLE Co (PG) a buy?
- PG currently carries a Hold rating with 4/5 conviction, derived from its latest SEC filings. Elite staple compounder — 30.6% ROE, expanding margins — but ~23x earnings for 0.3% revenue growth leaves no margin of safety.
- What is PG's fair value?
- A Modified-Graham model based on PG's SEC fundamentals estimates a fair value of about $107.06. It is an estimate from reported earnings, not a price target.
- Is PG overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, PG currently appears overvalued relative to its SEC-grounded earnings power.
- What is PROCTER & GAMBLE Co's quality score?
- PG scores 70.94443632979242/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000080424, latest 10-Q filed 2026-04-24) · EODHD · Proprietary analysis · as of 6/18/2026, 11:22:40 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.