Unilever PLC

LSE:ULVR Stock Report

Market Cap: UK£100.7b

Unilever Valuation

Is ULVR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ULVR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: ULVR (£46.65) is trading below our estimate of fair value (£54.25)

Significantly Below Fair Value: ULVR is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ULVR?

Key metric: As ULVR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ULVR. This is calculated by dividing ULVR's market cap by their current earnings.
What is ULVR's PE Ratio?
PE Ratio21x
Earnings€5.56b
Market Cap€115.99b

Price to Earnings Ratio vs Peers

How does ULVR's PE Ratio compare to its peers?

The above table shows the PE ratio for ULVR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38x
RKT Reckitt Benckiser Group
33.1x15.26%UK£41.5b
APN Applied Nutrition
30.5x13.68%UK£642.5m
OR L'Oréal
31.6x8.45%€189.8b
HINDUNILVR Hindustan Unilever
56.6x7.74%₹6.2t
ULVR Unilever
21.1x7.20%UK£101.5b

Price-To-Earnings vs Peers: ULVR is good value based on its Price-To-Earnings Ratio (21.1x) compared to the peer average (38x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ULVR's PE Ratio compare vs other companies in the European Personal Products Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ULVR 21.0xIndustry Avg. 19.0xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ULVR is expensive based on its Price-To-Earnings Ratio (21.1x) compared to the European Personal Products industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is ULVR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ULVR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21x
Fair PE Ratio23.6x

Price-To-Earnings vs Fair Ratio: ULVR is good value based on its Price-To-Earnings Ratio (21.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ULVR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£46.65
UK£53.11
+13.84%
11.31%UK£61.96UK£39.78n/a20
Jan ’27UK£48.60
UK£53.63
+10.36%
12.10%UK£62.87UK£39.89n/a20
Dec ’26UK£51.29
UK£56.96
+11.06%
11.69%UK£66.57UK£44.16n/a18
Nov ’26UK£51.63
UK£56.55
+9.53%
11.74%UK£66.62UK£43.05n/a18
Oct ’26UK£49.18
UK£56.52
+14.91%
12.06%UK£66.36UK£42.75n/a18
Sep ’26UK£52.47
UK£56.45
+7.59%
12.13%UK£66.60UK£43.61n/a18
Aug ’26UK£50.97
UK£56.44
+10.72%
12.59%UK£67.00UK£43.15n/a17
Jul ’26UK£50.40
UK£56.18
+11.48%
13.10%UK£67.62UK£40.78n/a17
Jun ’26UK£52.95
UK£54.87
+3.61%
12.58%UK£63.48UK£40.16n/a17
May ’26UK£53.17
UK£55.17
+3.78%
12.89%UK£65.91UK£40.52n/a17
Apr ’26UK£51.97
UK£55.78
+7.32%
11.59%UK£64.63UK£41.27n/a17
Mar ’26UK£50.48
UK£55.82
+10.58%
10.47%UK£63.19UK£44.87n/a17
Feb ’26UK£52.11
UK£56.49
+8.41%
10.96%UK£64.08UK£45.73n/a17
Jan ’26UK£51.16
UK£55.30
+8.07%
11.49%UK£63.06UK£43.62UK£48.6017
Dec ’25UK£52.89
UK£55.30
+4.56%
11.74%UK£62.98UK£43.80UK£51.2917
Nov ’25UK£53.47
UK£56.00
+4.73%
11.78%UK£64.93UK£44.42UK£51.6317
Oct ’25UK£54.72
UK£54.77
+0.085%
11.47%UK£63.29UK£43.77UK£49.1817
Sep ’25UK£55.19
UK£55.43
+0.43%
11.54%UK£64.45UK£44.23UK£52.4717
Aug ’25UK£53.80
UK£53.58
-0.41%
12.27%UK£63.88UK£42.49UK£50.9717
Jul ’25UK£48.88
UK£50.35
+3.01%
11.08%UK£58.55UK£41.28UK£50.4016
Jun ’25UK£48.14
UK£49.26
+2.33%
11.07%UK£57.89UK£41.36UK£52.9516
May ’25UK£46.57
UK£48.07
+3.22%
11.48%UK£56.16UK£40.44UK£53.1716
Apr ’25UK£44.72
UK£47.31
+5.77%
12.61%UK£56.32UK£38.30UK£51.9716
Mar ’25UK£43.51
UK£46.86
+7.68%
12.68%UK£56.36UK£38.33UK£50.4818
Feb ’25UK£43.37
UK£46.20
+6.52%
12.17%UK£56.60UK£36.84UK£52.1118
Jan ’25UK£42.75
UK£47.17
+10.35%
12.81%UK£57.43UK£36.80UK£51.1619
UK£53.11
Fair Value
12.2% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/08 18:22
End of Day Share Price 2026/01/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Unilever PLC is covered by 50 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Andreas von ArxBaader Helvea Equity Research
Arancha PiñeiroBanco de Sabadell. S.A.