PROCTER & GAMBLE Co
PG · NYSE · CIK 0000080424
SIC 2840
Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
Category
Chemicals
Entity
operating
Incorp.
OH
Fiscal Y/E
0630
Source: SEC EDGAR · All filings on SEC →
Investment Indicators
$143.38
-3.04 (-2.08%)
Open
$145.79
High
$145.95
Low
$141.97
Prev Close
$146.42
Volume
5,675,428
52W High
$166.21
52W Low
$135.63
50-day MA
$148.78
Quote as of: 2026-05-11
Market Cap
$344.40B
P/E
21.62
P/B
6.21
PEG
4.01
EPS
6.84
BPS
23.08
Dividend Yield
2.92%
Beta
0.40
ROE
30.55%
ROA
12.76%
D/E Ratio
1.40
Current Ratio
0.70
Operating Margin
24.26%
Net Margin
18.95%
Intrinsic Value Estimates
Multiple valuation methods, each with its own assumptions — outputs can diverge widely
Median consensus (7 methods)
$239.61B
| Method | Implied market cap | vs current |
|---|---|---|
Graham Number √(22.5 × 순이익 × 자본) | $137.08B | +151% |
Graham Formula 순이익 × (8.5 + 2 × 성장률%) | $370.90B | -7% |
Justified P/E 순이익 × 산업 평균 P/E | $239.61B | +44% |
P/B 배수 자본 × 산업 평균 P/B | $78.43B | +339% |
P/S 배수 매출 × 산업 평균 P/S | $168.57B | +104% |
DCF (Gordon) CF × (1+g) / (r − g) | $496.22B | -31% |
DDM (Gordon) D × (1+g) / (r − g) | $348.81B | -1% |
▶ Detailed analysis — formula walk-through & scenarios
Why this conclusion
Of the 7 valuation methods, 7 were applicable. Their median fair-value lands +43.7% below the current market cap → the stock trades above most formulas' estimates (overvalued). 4 methods flag overvalued, 1 flag undervalued, the rest land within fair range. Read each formula's assumptions below before treating any single number as the answer.
Graham Number
Overvalued +151.2%√(22.5 × 순이익 × 자본)
Current
$344.40B
Implied fair
$137.08B
Gap (current − fair)
+$207.32B(+151.2%)
NetIncome = $15.97B Equity = $52.28B √(22.5 × $15.97B × $52.28B) = $137.08B
- 최대 PER 15배
- 최대 PBR 1.5배
- 안정적 흑자 기업 가정 (금융·고성장 부정확)
Graham Formula
Fair -7.1%순이익 × (8.5 + 2 × 성장률%)
Current
$344.40B
Implied fair
$370.90B
Gap (current − fair)
$-26.50B(-7.1%)
NetIncome = $15.97B Growth g = 7.4% → cap 7.4% Multiple = 8.5 + 2 × 7.4 = 23.2× $15.97B × 23.2 = $370.90B
- EPS 성장률 7.4%/년 가정 (직전 1년 기준)
- 무성장 기업 P/E = 8.5
- 현재 적용 배수: 23.2x
Justified P/E
Overvalued +43.7%순이익 × 산업 평균 P/E
Current
$344.40B
Implied fair
$239.61B
Gap (current − fair)
+$104.79B(+43.7%)
NetIncome = $15.97B Industry P/E = 15× $15.97B × 15 = $239.61B
- 산업 평균 PER 15x 가정 (사용자 정의 가능)
- 동종 업종 비교가 핵심 — 산업별 평균 P/E 사용 권장
P/B 배수
Overvalued +339.1%자본 × 산업 평균 P/B
Current
$344.40B
Implied fair
$78.43B
Gap (current − fair)
+$265.97B(+339.1%)
Equity = $52.28B Industry P/B = 1.5× $52.28B × 1.5 = $78.43B
- 산업 평균 PBR 1.5x 가정
- 은행·보험·자산집약적 산업에 특히 유효
P/S 배수
Overvalued +104.3%매출 × 산업 평균 P/S
Current
$344.40B
Implied fair
$168.57B
Gap (current − fair)
+$175.83B(+104.3%)
Revenue = $84.28B Industry P/S = 2× $84.28B × 2 = $168.57B
- 산업 평균 PSR 2x 가정
- 매출 기반 — 적자 기업·신생 기업에 적용 가능
- 이익률 차이 무시
DCF (Gordon)
Undervalued -30.6%CF × (1+g) / (r − g)
Current
$344.40B
Implied fair
$496.22B
Gap (current − fair)
$-151.82B(-30.6%)
FCF = $14.04B Discount r = 4.0% + 5.0% = 9.0% Growth g = 6.0% $14.04B × (1 + 6.0%) / (9.0% − 6.0%) = $496.22B
- 현금흐름 입력: FCF (잉여현금흐름)
- 할인율 9.0% (무위험 4.0% + 주식위험프리미엄 5.0%)
- 영구 성장률 6.0% (실질 GDP 수준)
DDM (Gordon)
Fair -1.3%D × (1+g) / (r − g)
Current
$344.40B
Implied fair
$348.81B
Gap (current − fair)
$-4.41B(-1.3%)
Dividend D = $9.87B Discount r = 9.0% Growth g = 6.0% $9.87B × (1 + 6.0%) / (9.0% − 6.0%) = $348.81B
- 배당 입력: 실제 지급 배당
- 할인율 9.0%
- 배당 영구 성장률 6.0%
DCF sensitivity: discount rate × terminal growth
Each cell is the (current vs FCF × (1+g) / (r − g)) discount % under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +45.7% | +70.0% | +94.2% | +118.5% | +142.8% |
| 2% | +20.2% | +44.3% | +68.3% | +92.3% | +116.4% |
| 3% | -4.8% | +19.0% | +42.9% | +66.7% | +90.5% |
| 4% | -29.3% | -5.7% | +17.9% | +41.5% | +65.1% |
| 5% | -53.3% | -29.9% | -6.6% | +16.8% | +40.1% |
DDM sensitivity: discount rate × dividend growth
Each cell is the discount % vs Dividend × (1+g) / (r − g) under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +107.2% | +141.8% | +176.3% | +210.9% | +245.4% |
| 2% | +71.0% | +105.2% | +139.4% | +173.6% | +207.8% |
| 3% | +35.5% | +69.4% | +103.2% | +137.1% | +171.0% |
| 4% | +0.6% | +34.2% | +67.7% | +101.3% | +134.8% |
| 5% | -33.5% | -0.3% | +32.9% | +66.1% | +99.4% |
All estimates rest on strong assumptions. Treat the spread, not any single number, as the signal.
Financial Statements
In USD millions (per-share figures shown directly) · Financials as of: 2025-08-04
Income Statement
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 84,284 | 84,039 | 82,006 | 80,187 | 76,118 |
| Cost of Revenue | 41,164 | 40,848 | 42,760 | 42,157 | 37,108 |
| Operating Income | 20,451 | 18,545 | 18,134 | 17,813 | 17,986 |
| Net Income | 15,974 | 14,879 | 14,653 | 14,742 | 14,306 |
| EPS (Basic) | 6.67 | 6.18 | 6.07 | 6.00 | 5.69 |
| EPS (Diluted) | 6.51 | 6.02 | 5.90 | 5.81 | 5.50 |
Balance Sheet
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 125,231 | 122,370 | 120,829 | 117,208 | 119,307 |
| Current Assets | 25,392 | 24,709 | 22,648 | 21,653 | 23,091 |
| Total Liabilities | 72,946 | 71,811 | 73,764 | 70,354 | 72,653 |
| Current Liabilities | 36,058 | 33,627 | 35,756 | 33,081 | 33,132 |
| Total Equity | 52,284 | 50,559 | 47,065 | 46,854 | 46,654 |
Cash Flow
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating CF | 17,817 | 19,846 | 16,848 | 16,723 | 18,371 |
| Investing CF | -3,818 | -3,504 | -3,500 | -4,424 | -2,834 |
| Financing CF | -14,036 | -14,855 | -12,146 | -14,876 | -21,531 |
| CapEx | 3,773 | 3,322 | 3,062 | 3,156 | 2,787 |
| Dividends Paid | 9,872 | 9,312 | 8,999 | 8,770 | 8,263 |
📄 SEC Filings
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Other filings (84)
SCHEDULE 13G
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