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Pernod Ricard SA (RI) Fair Value & Analysis

Consumer Defensive · FR · Market cap €16.4B

PR Pernod Ricard SA RI · PA
Price€70.32
Fair Value€76.68
Upside+9.0%
Quality59/100
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Mixed Growth
Solidly profitable · 14.1% net margin
Moderate debt · generates free cash flow
3.56% dividend yield
Ranks above peers (9/15)
Moderate moat 61/100
Evidence: High Range €56.28 – €111.71 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 22 days ago

Share price +9.6% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (€56.28 to €111.71) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€192.52 €59.94 Fair Value €76.68 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €59.94 – €192.52 · fair‑value band €56.28 – €111.71 · the €70.32 price screens below the €76.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Pernod Ricard SA (RI) currently trades at €70.32, while our model-based Fair Value estimate is €76.68, implying the stock looks roughly 9.0% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Pernod Ricard SA generated revenue of €10.0B at a net margin of 14.1%. Revenue declined 14.9% year over year. It earns a return on equity of 8.6%. Net debt stands at €10.8B. Fundamentals as of Jul 18, 2026

Our scenario range runs from €56.28 (bear case) to €111.71 (bull case); at €70.32, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 6% fair-value upside, at 9%, RI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €13.78 €31.64 €55.79 80
Residual Income €54.43 €60.99 €90.87 76
Rev-Margin DCF €9.83 €31.84 €54.94 74
All 24 models by family
DCF Models
FCF DCF €12.22 €31.07 €57.53 38
Owner Earnings €22.98 €46.21 €78.80 31
5Y Revenue Exit €9.83 €31.21 €57.28 39
5Y EBITDA Exit €54.73 €109.62 €170.65 41
5Y P/E Exit €38.83 €81.87 €124.26 38
10Y Revenue Exit €9.04 €28.13 €50.95 36
10Y EBITDA Exit €38.19 €80.63 €132.10 37
10Y P/E Exit €28.32 €62.04 €98.89 35
Earnings-Based
Graham-Dodd €43.91 €91.17 €115.22 54
EPV €55.72 €70.71 €83.82 59
Dividend Discount
Gordon GGM €43.79 €65.22 €87.84 70
DDM Multi-Stage €43.79 €62.33 €83.57 61
Multiples
P/E Multiple €101.70 €135.60 €169.50 63
P/S Multiple €52.22 €69.63 €87.04 58
P/B Multiple €82.33 €109.77 €137.22 55
EV/EBIT €115.24 €165.05 €214.85 53
EV/EBITDA €96.42 €139.96 €183.49 54
EV/Revenue €11.52 €31.10 €50.69 43
Asset-Based
NCAV (Graham) €30.21 €40.47 €60.41 50
Growth DCF
Growth DCF €13.78 €31.64 €55.79 80
Rev-Margin DCF €9.83 €31.84 €54.94 74
Economic Profit
Residual Income €54.43 €60.99 €90.87 76
ROIC Compounder €55.72 €73.47 €93.95 72
Growth Earnings
Growth-Adj P/E €74.42 €106.31 €138.21 68

Widest divergence: Multiples (€109.77) versus Growth DCF (€31.64). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €10.0B
Revenue growth (YoY) -14.9%
Net margin 14.1%
Return on equity 8.6%
Free cash flow €1.1B FY2025
P/E ratio 11.3
More key figures
Operating margin 30.5%
EPS (TTM) €5.59
Dividend yield 3.7%
EPS growth (YoY) -18.0%
Net debt €10.8B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 55 · Market factors (momentum, volatility) 41

Profitability 39
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 89
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, …

Full company description

Pernod Ricard SA produces and sells wines and spirits worldwide. The company offers whiskey, vodka, gin, rum, liqueur and bitters, champagne, tequila and mezcal, and aperitif under the brands 100 Pipers, Aberlour, Absolut, Absolut Elyx, Altos, ARARAT, Augier, Avion, Ballantine's, Becherovka, Beefeater, Blenders Pride, Brancott Estate, Campo Viejo, Ceder's, Chivas, Clan Campbell, Del Maguey, George Wyndham, Green Spot, Havana Club, Imperial, Imperial Blue, Italicus, J.P. Wiser's, Jacob's Creek, Jameson, Jefferson's, Kahlúa, Kenwood, KI NO BI, Lillet, Long John, L'Orbe, Lot No. 40, Malfy, Malibu, Kahlua, Martell, Method & Madness, Midleton Very Rare, Minttu, Monkey 47, Mumm, Olmeca, Ostoya, Passport Scotch, Pastis 51, Pernod, Perrier-Jouët, Plymouth Gin, Powers, Rabbit Hole, Ramazzotti, Redbreast, Ricard, Royal Salute, Royal Stag, Scapa, Seagram's Gin, Secret Speyside, Smooth Ambler, Something Special, Suze, The Glenlivet, TX, and Wyborowa. It also provides non-alcoholic beverages under the brands Beefeater 0%, Ceder's, Suze Tonic 0%, Cinzano Spritz 0%, Pacific, Campo Viejo Sparkling 0%, and Jacob's Creek Unvined. Pernod Ricard SA was founded in 1805 and is headquartered in Paris, France.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pernod Ricard SA reported revenue of €11.0B in FY2025 versus €8.8B in FY2021, a compound +5.6%/yr. Reported net income was €1.6B in FY2025, compounding +5.7%/yr from FY2021.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€11.0B
Latest YoY
−5.5%
Avg. growth/yr (3Y)
+0.8%
Avg. growth/yr (5Y)
+5.3%
Avg. growth/yr (22Y)
+3.8%
Revenue +5.6%/yr
FY21 €8.8B
FY22 €10.7B
FY23 €12.1B
FY24 €11.6B
FY25 €11.0B
Net income +5.7%/yr
FY21 €1.3B
FY22 €2.0B
FY23 €2.3B
FY24 €1.5B
FY25 €1.6B

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Cite: Fair Value Calculator (2026). "Pernod Ricard SA Fair Value". https://www.fairvalue-calculator.com/stock/RI

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Beverages - Wineries & Distilleries · 96 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside +9% · Above median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth -15% · Below median
Dividend yield (TTM) 3.6% · Above median
Debt / equity 0.69× · Higher than 75% of peers

Valuation Multiples vs Beverages - Wineries & Distilleries median · lower = cheaper

P/E (TTM) 11.7× · Cheaper than 75% of peers
P/B 1.25× · Pricier than median
P/S (TTM) 1.89× · Pricier than median
P/FCF 16.9× · Pricier than 75% of peers
EV/EBITDA 9.6× · Cheaper than median
PEG 2.09× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 45 · sector 20
FUTURE 0 · sector 0
PAST 34 · sector 17
HEALTH 66 · sector 95
DIVIDEND 71 · sector 61

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Kweichow Moutai Co 600519 ¥1,251 ¥1,238 -1%
Diageo plc DEON 1,487 MXN 1,239 MXN -17%
Wuliangye Yibin Co 000858 ¥73.69 ¥48.44 -34%
Shanxi Xinghuacun Fen Wine Factory Co 600809 ¥110.50 ¥185.80 +68%
Luzhou Laojiao Co 000568 ¥83.12 ¥149.17 +79%
Brown-Forman Corporation BFA $26.60 $28.15 +6%
United Spirits Limited UNITDSPR ₹1,376 ₹440.56 -68%
Thai Beverage Public Company Y92 0.4450 SGD 0.6900 SGD +55%
Jiangsu Yanghe Distillery Co 002304 ¥38.08 ¥27.82 -27%
Anhui Gujing Distillery Co 000596 ¥79.23 ¥128.26 +62%

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Frequently asked questions

Is Pernod Ricard SA (RI) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €76.68 versus a price of €70.32, about +9% (fairly valued).
What is the fair value of RI?
Our model-based fair value for Pernod Ricard SA is €76.68 (as of Jul 18, 2026), built from audited fundamentals. The current price is €70.32.
What is the quality score of RI?
Pernod Ricard SA has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Pernod Ricard SA (RI)?
Pernod Ricard SA reported trailing-twelve-month revenue of about €10.0B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of RI?
The net profit margin of Pernod Ricard SA is about 14.1%, meaning it keeps roughly 14.1% of revenue as net income. Based on the latest reported figures.
Does Pernod Ricard SA pay a dividend?
Pernod Ricard SA currently shows a dividend yield of about 3.65% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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