NYSE: KHC · Packaged Foods
Kraft Heinz (KHC) fair value: undervalued or overvalued?
As of 26 Sep 2026, Faircurve's model values Kraft Heinz (KHC) at $22.76 a share. The stock last closed at $22.19, which puts the model's fair value 2.6% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 2 Oct 2026. The Kraft Heinz Company.
Faircurve Insights · 26 Sep 2026
The Kraft Heinz Company operates as a global entity focused on the manufacturing and marketing of a broad spectrum of food and beverage products.
Faircurve's model on 26 Sep 2026 found a fair value of $22.76 a share, the midpoint of 2,000 simulations. The previous run on 19 Sep 2026 gave $22.47, so the fair value moved +1.3%. The calibrated range over 63 trading days is $20.62 to $25.23, and ranges built this way held the price 60% of the time at this horizon. The evidence grade is Medium.
The company's overall quality score is 35 out of 100, against comparable companies. The model compares it with General Mills, Inc., The J. M. Smucker Company, McCormick & Company, Incorporated, Hormel Foods Corporation, Darling Ingredients Inc., Pilgrim's Pride Corporation, and Ingredion Incorporated. Moves around the last 8 earnings reports ranged from -6.3% to +4.9%, with a median size of 3.8%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give KHC?
The calibrated range for KHC over 63 trading days is $20.62 to $25.23. It sits around the last close, and its width comes from the volatility that KHC's own options imply (28% a year), calibrated weekly against realised prices (n = 3,330 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $15.63 to $31.49. In 46% of the simulations the fair value came out above the price the model ran on.
How does KHC score on business quality?
Kraft Heinz's overall quality score is 35 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 0 | -5.7%ROIC | 9.9% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 80 | ||
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 29 | -3.5%Revenue growth, trailing | 1.9% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 65 | 1.5%Net buybacks / market value | 0.2% |
| Balance sheetNet debt to EBITDA and interest coverage. | 70 | -9.06xNet debt / EBITDA | 2.73x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 0 | 11.1 ptsEBITDA margin downside volatility, 5y | 2.3 pts |
How does KHC compare with similar companies?
The companies in packaged foods closest to Kraft Heinz in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| GIS General Mills, Inc. | $32.01 | $36.80 | +15.0% | Fairly valued |
| SJM The J. M. Smucker Company | $117.19 | $126.02 | +7.5% | Fairly valued |
| MKC McCormick & Company, Incorporated | $44.67 | $41.90 | -6.2% | Fairly valued |
| HRL Hormel Foods Corporation | $20.25 | $19.82 | -2.1% | Fairly valued |
| DAR Darling Ingredients Inc. | $62.94 | $65.99 | +4.8% | Fairly valued |
| CAG Conagra Brands, Inc. | $13.36 | $17.18 | +28.6% | Data under review |
| PPC Pilgrim's Pride Corporation | $27.50 | $32.30 | +17.5% | Undervalued |
| INGR Ingredion Incorporated | $95.33 | $105.71 | +10.9% | Fairly valued |
When does KHC report earnings, and how has the stock reacted?
Kraft Heinz's next earnings report is scheduled for 4 Nov 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 4.0% in either direction through the nearest expiry, about 13 days out. That is the size the market is pricing, not a direction. KHC's 30 day implied volatility works out to about 8.2% over one month.
How KHC moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 3.8%.
| Report date | Two session move |
|---|---|
| 5 Aug 2026 | -6.3% |
| 6 May 2026 | +4.9% |
| 11 Feb 2026 | -2.3% |
| 29 Oct 2025 | -3.7% |
| 30 Jul 2025 | -3.9% |
| 29 Apr 2025 | +1.0% |
| 12 Feb 2025 | -1.1% |
| 30 Oct 2024 | -3.9% |
Kraft Heinz at a glance
The Kraft Heinz Company, along with its subsidiaries, operates as a global entity focused on the manufacturing and marketing of a broad spectrum of food and beverage products.
- Market value
- $28.0B
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Revenue expected, next twelve months
- $24.7B
- Consensus revenue growth, next fiscal year
- -1.1%
- Analysts with estimates
- 11
- Beta to the US market
- -0.18
- First valued by Faircurve
- 1 May 2026
How the fair value is worked out: the model prices Kraft Heinz on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for KHC was $22.47. As of 26 Sep 2026 it is $22.76, a change of +1.3%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Kraft Heinz's valuation
Is Kraft Heinz stock undervalued or overvalued?
On Faircurve's model, KHC reads as Fairly valued as of 26 Sep 2026. The model's fair value is $22.76 a share against a last close of $22.19, a gap of +2.6%.
What is KHC's fair value?
$22.76 a share as of 26 Sep 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $15.63 to $31.49.
What price range does the model give KHC?
$20.62 to $25.23 over 63 trading days. Ranges built this way held the price 60% of the time across 3,330 past valuations, refreshed 26 Sep 2026.
When does Kraft Heinz report earnings next?
The next report is scheduled for 4 Nov 2026. Companies can move their dates.
How much has KHC moved on past earnings reports?
Across its last 8 reports the median two session move was 3.8%, ignoring direction. The largest was -6.3% around the report of 5 Aug 2026.
How confident is the model in this valuation?
The model's evidence grade for KHC is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.