Unilever PLC (ULEV34) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Unilever PLC BRL 37.59, price BRL 62.46, upside -39.8%, quality 78 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range R$21.07 – R$71.74 · fair‑value band R$25.51 – R$50.43 · the R$62.46 price screens above the R$37.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through four segments: Beauty & Wellbeing, Personal Care, Home Care, and Foods.
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Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through four segments: Beauty & Wellbeing, Personal Care, Home Care, and Foods. The Beauty & Wellbeing segment offers hair care, such as shampoo, conditioner, and styling; face, hand, and body moisturizer skin care products; and Prestige Beauty and Wellbeing products. The Personal Care segment provides soap and shower skin cleansing products; and deodorant and oral care, including toothpaste, toothbrush, and mouthwash products. The Home Care segment offers washing powders and liquids, and rinse conditioner fabric care products; and a range of home and hygiene cleaning products. The Foods segment provides cooking aids and mini meals comprising soups, bouillons, and seasonings, as well as mayonnaise and ketchup condiments; and Unilever food solutions. The company provides its products under the AXE, Clear, Cif, Closeup, Comfort, Dermalogica, Domestos, Dove, Dove Men+Care, Hellmann's, Horlicks, Knorr, LUX, Lifebuoy, Liquid I.V., Nexxus, Nutrafol, OMO, Pond's, Paula's Choice, Pepsodent, Radiant, Rexona, Sunlight, Sunsilk, Surf, TRESemmé, and Vaseline brand names. Unilever PLC was founded in 1860 and is headquartered in London, the United Kingdom.
Stock analysis
Unilever PLC (ULEV34) currently trades at R$62.46, while our model-based Fair Value estimate is R$37.59, 39.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of R$76.81 per share, and 4 of the 24 models we run sit above the R$62.46 price.
Bear case: the Asset-Based group reads lowest at R$5.31, and 20 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: R$25.51 (bear) to R$50.43 (bull), the price of R$62.46 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 78/100 (high quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Unilever PLC reported revenue of €50.5B in FY2025 versus €52.4B in FY2021, a compound −0.9%/yr. Reported net income was €9.5B in FY2025, compounding +11.9%/yr from FY2021.
Key figures
Market cap R$737B (≈ $141B) · P/E ratio 22.8 · P/S ratio 4.27 · EPS (TTM) R$15.02 · Dividend yield 0.6% · Net margin 18.7% · Return on equity 31.0% · Return on assets (EBIT) 12.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (medium confidence).
What moves the price
The share trades about 13% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −29% fair-value upside, at −40%, ULEV34 screens richer than that median.
Fair Value models
Bear R$25.51Fair Value R$37.59Bull R$50.43
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$11.36 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−5.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.1%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +4.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.3%
Dividend (yield on the price)0.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16% → 18%
⚠ Rate on operating basis: 2025 sits 67% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−8.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −10.6% a year for the price and +1.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Household & Personal Products · 235 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside−22.3% · Below median
Profitability
Return on equity (TTM)31.0% · Top 25%
Return on assets8.4% · Top 25%
Net margin (TTM)18.8% · Top 25%
Operating margin (TTM)20.1% · Top 25%
Growth and dividend
Revenue growth−3.2% · Below median
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity1.55× · Highest 25%
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Unilever PLC Fair Value". https://www.fairvalue-calculator.com/stock/ULEV34
Frequently asked questions
Is Unilever PLC (ULEV34) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of R$37.59 versus a price of R$62.46, about −40% upside (overvalued).
What is the fair value of ULEV34?
Our model-based fair value for Unilever PLC is R$37.59 (as of Sep 29, 2026), built from audited fundamentals. The current price: R$62.46.
What is the quality score of ULEV34?
Unilever PLC has a Quality Score of 78/100. 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 price target for Unilever PLC (ULEV34)?
Our model-based price target is the fair value of R$37.59 (as of Sep 29, 2026) from 24 valuation models. Cautious scenario R$25.51, optimistic scenario R$50.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Unilever PLC stock forecast for 2026?
Our models put fair value at R$37.59, about −40% upside versus a price of R$62.46 (overvalued). Cautious scenario R$25.51, optimistic scenario R$50.43. The calculation is refreshed regularly with new filings.
What is the revenue of Unilever PLC (ULEV34)?
Unilever PLC reported trailing-twelve-month revenue of about €50.5B (latest available figure, as of Sep 29, 2026).
Does Unilever PLC pay a dividend?
Unilever PLC currently shows a dividend yield of about 0.60% relative to its recent price (as of Sep 29, 2026).
What growth is priced into Unilever PLC (ULEV34)?
For today's price to be fair in a discounted-cash-flow model, Unilever PLC would have to grow free cash flow by -8.6 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.1 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of ULEV34 use?
Our models discount Unilever PLC at 10.7 %: a base by market capitalisation (large), damped by beta 0.45, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Unilever PLC that is -8.6 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Unilever PLC (ULEV34) delivered so far?
Over the past 5 years revenue at Unilever PLC grew -0.1 % a year. The price currently implies -8.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Unilever PLC (ULEV34) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into Unilever PLC (-8.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Unilever PLC (ULEV34)?
The free-cash-flow yield on the price is 29.19 %: that much free cash flow Unilever PLC produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Unilever PLC (ULEV34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Unilever PLC it is R$37.59 per share (as of Sep 29, 2026), against a price of R$62.46. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Unilever PLC stock overvalued or undervalued in 2026?
As of Sep 29, 2026, ULEV34 trades above its calculated fair value: price R$62.46, fair value R$37.59, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ULEV34?
No. The price is what the market pays today (R$62.46); the fair value is what the company's own numbers justify (R$37.59). For Unilever PLC the two are R$24.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Unilever PLC worth?
The market values Unilever PLC at about R$737B (market capitalisation, as of Sep 29, 2026). Per share that is R$62.46; our models calculate a fair value of R$37.59 per share.
What do the bullish and bearish scenarios say about ULEV34?
Our models span a range for Unilever PLC: cautious scenario R$25.51, base R$37.59, optimistic R$50.43 per share (as of Sep 29, 2026, price R$62.46). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ULEV34?
Unilever PLC trades at a price-to-earnings ratio of 22.8 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$37.59 is built from several models across several years. Other multiples: PEG 11.7.
What is the PEG ratio of ULEV34?
The PEG ratio of Unilever PLC is 11.66 (P/E divided by earnings growth, as of Sep 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Unilever PLC (ULEV34)?
Balance-sheet figures for Unilever PLC (as of Sep 29, 2026): return on equity 31.0%, debt of 1.55 per unit of equity. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is ULEV34 from its 52-week high?
Unilever PLC trades at R$62.46, about 13% below its 52-week high of R$71.74 and 23% above the low of R$50.73 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of R$37.59 is for.
Which stocks are comparable to Unilever PLC?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue Inc, The Estée Lauder Companies Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Unilever PLC stock attractive at the current price?
The data as of Sep 29, 2026: price R$62.46, calculated fair value R$37.59 (−40%), Quality Score 78/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ULEV34 calculated?
We run Unilever PLC through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$37.59, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Unilever PLC itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Unilever PLC (ULEV34)?
The closing price on Oct 2, 2026 was R$62.46. Our model-based fair value is R$37.59, about −40% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Unilever PLC right now?
A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (R$50.43). The favourable scenario is already priced in. A fairly wide model range (R$25.51 to R$50.43) leaves room in how you read the outcome.
Key figures of Unilever PLC
How large is the market capitalisation of Unilever PLC (ULEV34)?
The market capitalisation of Unilever PLC is R$737B (≈ $141B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Unilever PLC (ULEV34)?
The price-to-sales ratio of Unilever PLC is 4.27 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Unilever PLC (ULEV34)?
Earnings per share at Unilever PLC are R$15.02 (price ÷ EPS = P/E 22.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Unilever PLC (ULEV34)?
The dividend yield of Unilever PLC is 0.6% (payout 2.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Unilever PLC (ULEV34)?
The net margin of Unilever PLC is 18.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Unilever PLC (ULEV34)?
The return on equity (ROE) of Unilever PLC is 31.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Unilever PLC (ULEV34)?
On an EBIT basis the return on assets of Unilever PLC is 12.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Unilever PLC (ULEV34)?
The operating margin of Unilever PLC is 20.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Unilever PLC (ULEV34)?
Revenue at Unilever PLC is growing −3.2% versus a year earlier (3y avg −5.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Unilever PLC (ULEV34)?
Earnings per share at Unilever PLC are growing −3.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Unilever PLC (ULEV34) carry?
The net debt of Unilever PLC is €22.3B (fiscal year 2025, ≈ 3.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Sep 29, 2026