Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Current Valuation Ratios
Historical Valuation Ratios (Summary)
Price to Earnings (P/E)
Price to Operating Profit (P/OP)
Price to Sales (P/S)
Price to Book Value (P/BV)

Kimberly-Clark Corp., current price multiples

	Kimberly-Clark Corp.	Colgate-Palmolive Co.	Estée Lauder Cos. Inc.	Nike Inc.	Personal Goods	Consumer Goods
Selected Financial Data
Current share price (P)	$146.34
No. shares of common stock outstanding	341,047,156
Growth rate (g)	51.64%

Earnings per share (EPS)	$6.32
Next year expected EPS	$9.59
Operating profit per share	$8.77
Sales per share	$54.10
Book value per share (BVPS)	$-0.10
Valuation Ratios (Price Multiples)
Price to earnings (P/E)	23.14	27.61	113.29	77.63	37.71	34.50
Price to next year expected earnings	15.26	3.62	97.39	66.24	29.64	32.51
Price-earnings-growth (PEG)	0.45	0.04	6.94	4.52	1.38	5.63
Price to operating profit (P/OP)	16.69	18.39	127.88	63.27	28.60	21.74
Price to sales (P/S)	2.71	4.16	5.42	5.27	4.42	3.56

Based on: 10-K (filing date: 2020-02-13).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.

Kimberly-Clark Corp., historical price multiples

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
Price to earnings (P/E)	22.94	27.69	17.20	20.22	45.04
Price to operating profit (P/OP)	16.54	17.52	11.87	13.20	28.29
Price to sales (P/S)	2.68	2.11	2.15	2.41	2.45
Price to book value (P/BV)	—	—	62.27	—	—

Based on: 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-11).

Valuation ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Kimberly-Clark Corp.’s P/E ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Kimberly-Clark Corp.’s P/OP ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Kimberly-Clark Corp.’s P/S ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return.

Kimberly-Clark Corp., historical P/E calculation, comparison to benchmarks

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
No. shares of common stock outstanding¹	341,795,666	344,431,630	350,706,285	356,274,872	360,899,707
Selected Financial Data (US$)
Net income attributable to Kimberly-Clark Corporation (in millions)	2,157	1,410	2,278	2,166	1,013
Earnings per share (EPS)²	6.31	4.09	6.50	6.08	2.81
Share price^1, 3	144.74	113.36	111.69	122.93	126.42
Valuation Ratio
P/E ratio⁴	22.94	27.69	17.20	20.22	45.04
Benchmarks
P/E Ratio, Competitors⁵
Colgate-Palmolive Co.	27.55	23.95	30.80	26.92	43.36
Estée Lauder Cos. Inc.	39.84	44.93	31.37	29.69	28.14
Nike Inc.	33.72	63.89	22.90	25.43	29.79
P/E Ratio, Sector
Personal Goods	31.11	39.38	24.29	25.12	34.59
P/E Ratio, Industry
Consumer Goods	33.16	26.27	21.23	22.04	26.18

Based on: 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-11).

¹ Data adjusted for splits and stock dividends.

² 2019 Calculation
EPS = Net income attributable to Kimberly-Clark Corporation ÷ No. shares of common stock outstanding
= 2,157,000,000 ÷ 341,795,666 = 6.31

³ Closing price as at the filing date of Kimberly-Clark Corp.’s Annual Report.

⁴ 2019 Calculation
P/E ratio = Share price ÷ EPS
= 144.74 ÷ 6.31 = 22.94

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Kimberly-Clark Corp.’s P/E ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Kimberly-Clark Corp., historical P/OP calculation, comparison to benchmarks

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
No. shares of common stock outstanding¹	341,795,666	344,431,630	350,706,285	356,274,872	360,899,707
Selected Financial Data (US$)
Operating profit (in millions)	2,991	2,229	3,299	3,317	1,613
Operating profit per share²	8.75	6.47	9.41	9.31	4.47
Share price^1, 3	144.74	113.36	111.69	122.93	126.42
Valuation Ratio
P/OP ratio⁴	16.54	17.52	11.87	13.20	28.29
Benchmarks
P/OP Ratio, Competitors⁵
Colgate-Palmolive Co.	18.35	15.56	17.37	17.13	21.52
Estée Lauder Cos. Inc.	30.75	24.26	23.16	20.55	19.08
Nike Inc.	28.47	27.78	20.45	21.24	23.36
P/OP Ratio, Sector
Personal Goods	23.60	21.72	17.84	17.96	22.96
P/OP Ratio, Industry
Consumer Goods	20.90	19.60	16.73	17.64	17.11

Based on: 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-11).

¹ Data adjusted for splits and stock dividends.

² 2019 Calculation
Operating profit per share = Operating profit ÷ No. shares of common stock outstanding
= 2,991,000,000 ÷ 341,795,666 = 8.75

³ Closing price as at the filing date of Kimberly-Clark Corp.’s Annual Report.

⁴ 2019 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 144.74 ÷ 8.75 = 16.54

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Kimberly-Clark Corp.’s P/OP ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Kimberly-Clark Corp., historical P/S calculation, comparison to benchmarks

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
No. shares of common stock outstanding¹	341,795,666	344,431,630	350,706,285	356,274,872	360,899,707
Selected Financial Data (US$)
Net sales (in millions)	18,450	18,486	18,259	18,202	18,591
Sales per share²	53.98	53.67	52.06	51.09	51.51
Share price^1, 3	144.74	113.36	111.69	122.93	126.42
Valuation Ratio
P/S ratio⁴	2.68	2.11	2.15	2.41	2.45
Benchmarks
P/S Ratio, Competitors⁵
Colgate-Palmolive Co.	4.16	3.70	4.03	4.33	3.74
Estée Lauder Cos. Inc.	4.79	3.64	3.31	2.94	2.84
Nike Inc.	3.47	3.39	2.83	2.95	3.19
P/S Ratio, Sector
Personal Goods	3.65	3.21	2.98	3.09	3.08
P/S Ratio, Industry
Consumer Goods	3.42	2.88	3.21	3.24	2.95

Based on: 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-11).

¹ Data adjusted for splits and stock dividends.

² 2019 Calculation
Sales per share = Net sales ÷ No. shares of common stock outstanding
= 18,450,000,000 ÷ 341,795,666 = 53.98

³ Closing price as at the filing date of Kimberly-Clark Corp.’s Annual Report.

⁴ 2019 Calculation
P/S ratio = Share price ÷ Sales per share
= 144.74 ÷ 53.98 = 2.68

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Kimberly-Clark Corp.’s P/S ratio decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.

Kimberly-Clark Corp., historical P/BV calculation, comparison to benchmarks

	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015
No. shares of common stock outstanding¹	341,795,666	344,431,630	350,706,285	356,274,872	360,899,707
Selected Financial Data (US$)
Total Kimberly-Clark Corporation stockholders’ equity (in millions)	(33)	(287)	629	(102)	(174)
Book value per share (BVPS)²	-0.10	-0.83	1.79	-0.29	-0.48
Share price^1, 3	144.74	113.36	111.69	122.93	126.42
Valuation Ratio
P/BV ratio⁴	—	—	62.27	—	—
Benchmarks
P/BV Ratio, Competitors⁵
Colgate-Palmolive Co.	557.38	—	—	—	—
Estée Lauder Cos. Inc.	16.22	10.62	8.94	9.27	8.41
Nike Inc.	15.03	12.59	7.83	7.80	7.67
P/BV Ratio, Sector
Personal Goods	23.81	19.12	13.70	15.38	14.72
P/BV Ratio, Industry
Consumer Goods	7.96	6.28	6.35	6.64	6.09

Based on: 10-K (filing date: 2020-02-13), 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-08), 10-K (filing date: 2016-02-11).

¹ Data adjusted for splits and stock dividends.

² 2019 Calculation
BVPS = Total Kimberly-Clark Corporation stockholders’ equity ÷ No. shares of common stock outstanding
= -33,000,000 ÷ 341,795,666 = -0.10

³ Closing price as at the filing date of Kimberly-Clark Corp.’s Annual Report.

⁴ 2019 Calculation
P/BV ratio = Share price ÷ BVPS
= 144.74 ÷ -0.10 = —

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return.

Kimberly-Clark Corp. (NYSE:KMB)

Common Stock Valuation Ratios (Price Multiples)

Current Valuation Ratios

Historical Valuation Ratios (Summary)

Price to Earnings (P/E)

Price to Operating Profit (P/OP)

Price to Sales (P/S)

Price to Book Value (P/BV)