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Hershey HSY Price / book

Price / book at other companies

PepsiCo logo
PepsiCoPEP
9.9×-1.3×
Mondelez International logo
Mondelez InternationalMDLZ
2.9×-0.5×
General Mills logo
General MillsGIS
2.6×-1.0×
Church & Dwight logo
Church & DwightCHD
5.3×-0.7×
The Kraft Heinz Company logo
The Kraft Heinz CompanyKHC
0.6×-0.1×
PFG
Performance Food GroupPFGC
2.9×0.0×

Other financials

Income statement

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Revenue$3.1B+10.7%
Gross profit$1.2B+29.5%
Operating income$640.7M+73.5%
Net income$435.1M+94.1%

Balance sheet

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Cash & equivalents$877.0M-42.1%
Total debt$5.3B-8.8%
Total assets$13.8B-0.9%

Cash flow

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Operating cash flow$468.8M+18.2%
CapEx$114.6M-21.3%
Free cash flow$354.2M+41.0%

Valuation

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Market cap$35.56B+21.6%
Enterprise value$39.94B+19.6%
P/E32.5×+14.8×
P/S+0.2×

Profitability

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Gross margin35%-7.4pp
Operating margin14.3%-6.3pp
Net margin9.1%-6.2pp

Returns & leverage

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Return on equity18.9%-31.5pp
Debt / equity1.1×+0.1×
Current ratio1.2×-0.4×

Where this comes from

Calculated from Hershey’s reported figures.

Based on the most recent quarter.

The official record: Hershey’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Hershey's price / book?
Hershey (HSY) reported price / book of 8× in Q4 2025.
How has Hershey's price / book changed year-over-year?
Hershey's price / book increased by 9.5% year-over-year, from 7.3× to 8×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.