United Natural Foods Inc.
Since the formation of our predecessor in 1976, we have grown our business both organically and through acquisitions, which have expanded our distribution network, product selection and customer base. Our Background UNFI is a leading distributor of grocery and non-food products, and support services provider to retailers in the United States and Canada.
$46.25
-$0.23 (-0.49%)
EOD Oct 21, 2026
Operating margin is thin at 0.68%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.0% YoY. The question is whether this is cyclical or a structural shift.
At 35x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $3.00B represents 9.3x FCF, leverage limits flexibility.
34.5x earnings, 8.6x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$31.15B
▼ -2.0% YoY
Net Income (TTM)
$84M
▲ +171.2% YoY
Op. Margin
0.68%
▲ +0.8pp YoY
ROIC
3.99%
▲ +4.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$323M
▲ +35.1% YoY
Op. Cash Flow (TTM)
$540M
▲ +14.9% YoY
Net Debt
$3.00B
Cash & Equiv.
$37M
5Y CAGR: +2.9%
5Y CAGR: +1.2%
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SourceComputed from the 10-Q filed 8 Sept 2026, covering the period ending 1 Aug 2026, as reported to the SEC. Data last refreshed 12 Oct 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Jul. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is United Natural Foods (UNFI) overvalued?
At a P/E of 34.5 and a price-to-free-cash-flow of 8.6, United Natural Foods (UNFI) trades below a two-stage DCF intrinsic value of about $211.84 per share, so at $46.25 the stock looks undervalued (358.0% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, United Natural Foods scores 30/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is United Natural Foods's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $211.84 per share for UNFI, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $158.88. At today's $46.25, that puts the stock about 358.0% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is United Natural Foods a high-quality business?+
United Natural Foods scores 30 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 0.7% operating margin and a 4.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is United Natural Foods a good stock to buy right now?+
That depends on valuation and quality together, not either alone. UNFI currently trades below its estimated intrinsic value and scores 30/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Wholesale-Groceries, General Line
Spot a number that looks wrong? Check it in UNFI's SEC filings or
Download this analysis as a PDF (Pro)
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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