I'm neutral on this one. Their P/E is actually lower than the industry average according to
Yahoo! Finance, but I wouldn't say that they're undervalued. They have lower margins and earnings growth than competitors like Johnson & Johnson (JNJ) and Proctor & Gamble (PG) resulting in a PEG that is actually the highest amongst the three. Their dividend yield is nice, so I'd recommend this stock for income investors who are looking for a healthy dividend check in the mail. Otherwise, I would rather own either JNJ or PG.