Procter & Gamble (PG) stock
Consumer Staples · Personal Care Products
Procter & Gamble (PG) is a Personal Care Products company in the Consumer Staples sector, headquartered in Cincinnati, Ohio. As of October 23, 2026, PG closed at $161.02, a market capitalization of $373.21 billion, the 29th largest company in the S&P 500. Over the last twelve months it generated $87.92 billion in revenue (+4% year over year) and $15.15 billion in free cash flow. The stock trades at 24.3x trailing earnings and 21.7x forward earnings.
- 1-year total return: +9.6% (dividends reinvested)
- 5-year return: +5.4% a year
- 52-week range: $137.62 – $167.25
- Gross margin 50.6%, operating margin 27.1%
- Dividend yield: 2.70%, 63 straight years of increases
- FI Handbook report card: B- across 10 metrics
- 4th largest of 34 Consumer Staples stocks in the S&P 500
PG price chart
1Y price change: +5.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PG | +10.0% | +15.6% | +9.6% | +5.6% | +5.4% | +9.6% | +10.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1962.
PG key statistics
- Market cap
- $373.2B
- #29 in S&P 500
- P/E (TTM)
- 24.3x
- Forward P/E
- 21.7x
- EPS (TTM)
- $6.64
- Revenue (TTM)
- $87.9B
- +4%
- Free cash flow
- $15.1B
- Gross margin
- 50.6%
- Operating margin
- 27.1%
- Return on equity
- 29.6%
- Dividend yield
- 2.70%
- 52-week range
- $137.62 – $167.25
- Beta
- 0.38
- Price / sales
- 4.2x
- EV / EBITDA
- 15.9x
- Debt / equity
- 0.70x
- Employees
- 104,000
PG report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth4.0%D
- Gross margin50.6%B
- Operating margin27.1%B
- FCF margin17.2%B
- Return on equity29.6%A
- Net debt / EBITDA0.9xB
- Forward P/E21.7xC
- PEG ratio3.8xF
- Shareholder yield4.0%B
- Share count change / yr-1.4%B
Procter & Gamble financials
Revenue went from $65.1B in fiscal 2017 to $87.0B in fiscal 2026, growing 3.3% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.1B | $66.8B | $67.7B | $71.0B | $76.1B | $80.2B | $82.0B | $84.0B | $84.3B | $87.0B |
| Gross profit | $32.4B | $32.4B | $32.9B | $35.7B | $39.0B | $38.0B | $39.2B | $43.2B | $43.1B | $43.7B |
| Operating income | $13.8B | $13.4B | $5.5B | $15.7B | $18.0B | $17.8B | $18.1B | $18.5B | $20.5B | $19.7B |
| Net income | $15.3B | $9.8B | $3.9B | $13.0B | $14.3B | $14.7B | $14.7B | $14.9B | $16.0B | $16.0B |
| EPS (diluted) | $5.59 | $3.67 | $1.43 | $4.96 | $5.50 | $5.81 | $5.90 | $6.02 | $6.51 | $6.62 |
| Free cash flow | $9.4B | $11.2B | $11.9B | $14.3B | $15.6B | $13.6B | $13.8B | $16.5B | $14.0B | $15.1B |
| Buybacks | $5.2B | $7.0B | $5.0B | $7.4B | $11.0B | $10.0B | $7.4B | $5.0B | $6.5B | $5.0B |
| Dividends paid | $7.2B | $7.3B | $7.5B | $7.8B | $8.3B | $8.8B | $9.0B | $9.3B | $9.9B | $10.2B |
| Diluted shares | 2.7B | 2.7B | 2.5B | 2.6B | 2.6B | 2.5B | 2.5B | 2.5B | 2.5B | 2.4B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PG?
A reverse DCF asks what growth the current price requires. With an enterprise value of $396.8B and $15.1B of trailing free cash flow, Procter & Gamble needs to grow free cash flow about 17.4% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -0.6% a year over the last five years.
P/E ratio history
Current 24.3x vs. median 22.8x (10th–90th percentile 14.6x–30.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PG dividend
- Dividend yield
- 2.70%
- Annual dividend
- $4.35
- Years of increases
- 63
- 5-yr dividend growth
- 6.0%
- per year
- Payout ratio
- 65%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
PG earnings
Next report: January 21, 2027. Procter & Gamble has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $1.89 | $2.00 | +5.7% |
| Jul 29, 2026 | $1.41 | $1.43 | +1.6% |
| Apr 24, 2026 | $1.56 | $1.59 | +2.2% |
| Jan 22, 2026 | $1.86 | $1.88 | +1.3% |
| Oct 24, 2025 | $1.90 | $1.99 | +4.9% |
| Jul 29, 2025 | $1.42 | $1.48 | +4.1% |
| Apr 24, 2025 | $1.53 | $1.54 | +0.9% |
| Jan 22, 2025 | $1.86 | $1.88 | +1.1% |
Stocks like PG
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 EL Estee Lauder Companies, Inc. (T | +0.88% | +11% | $39.4B | 217.3x | Compare |
 KVUE Kenvue | -1.56% | +38% | $37.6B | 22.8x | Compare |
 WMT Walmart | -1.02% | +13% | $954.1B | 43.4x | Compare |
 COST Costco Wholesale | -1.46% | +7% | $444.6B | 48.3x | Compare |
 KO Coca-Cola | -2.76% | +36% | $398.9B | 27.8x | Compare |
 PM Philip Morris International | -1.13% | +31% | $310.9B | 29.1x | Compare |
 PEP Pepsico | -2.20% | -7% | $185.0B | 17.1x | Compare |
 MO Altria | -2.31% | +23% | $124.1B | 15.6x | Compare |
PG news
- Procter & Gamble's Earnings Show a Resilient Consumer Despite Price Hikes. Is the Dividend King Stock a Buy? · Oct 23, 2026
- Procter & Gamble Has Raised Its Dividend for 70 Straight Years. Here's Why That Matters in a Sell-Off · Oct 23, 2026
- Procter & Gamble's Topline Fundamentals Encouraging, RBC Capital Markets Says · Oct 23, 2026
- Is Procter & Gamble a Buy After Its Latest Earnings Report? · Oct 23, 2026
- P&G’s Q1 Results Draw Price-Target Hikes As Analysts Cite Stronger Underlying Performance · Oct 23, 2026
PG stock FAQ
What is PG's market cap?
Procter & Gamble's market capitalization is $373.21 billion as of October 23, 2026, ranking 29th in the S&P 500.
What is PG's P/E ratio?
PG trades at a trailing price-to-earnings ratio of 24.3x and a forward P/E of 21.7x. Its median P/E over the period we track is 22.8x.
Does PG pay a dividend?
Yes. Procter & Gamble pays $4.35 per share a year, a 2.70% yield. It has raised its dividend 63 years in a row. Dividends grew 6.0% a year over the last five years.
How much has PG stock returned?
Including reinvested dividends, PG returned +9.6% over one year, +5.4% a year over five years, +9.6% a year over ten years through October 23, 2026.
Is PG stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Procter & Gamble must grow free cash flow about 17% a year for the next decade. Its free cash flow fell 1% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does PG report earnings?
Procter & Gamble is expected to report earnings on January 21, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does Procter & Gamble have?
Procter & Gamble has about 104,000 full-time employees, or $845,404 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology