Procter & Gamble Company (PG) Stock Inflation-Adjusted

Procter & Gamble Company (PG) is a multinational consumer goods corporation that manufactures and markets a wide range of branded consumer products including health care, beauty, grooming, fabric care and home care products.

Nominal price changes provide an incomplete measure of performance because they don't reflect the real growth of an investment's purchasing power. Therefore, this page adjusts Procter & Gamble's historical stock prices using the US Consumer Price Index.

Nominal prices are adjusted for stock splits and assume reinvestment of any dividends to reflect total return. Inflation-adjusted prices use December 2025 as the baseline (latest available CPI).

The current value of Procter & Gamble Company stock is 147.34 (as of the close of Jan 28, 2026), 15.26% lower than the all-time high of 173.88 (Dec 2, 2024).

Since January 2, 1970, the inflation-adjusted total return for the stock has been 2,492%, which is equivalent to an annual growth rate of 5.98%.

In nominal values, the total return since this date has been 22,120%, or an annualized rate of 10.12%.

Inflation-Adjusted Values by Month

This data presents Procter & Gamble's end-of-month closing levels over time. Inflation-adjusted figures show what past levels would be worth using roughly today's purchasing power (based on the latest CPI data). The latest entry in the table will have equal nominal and adjusted values until the next CPI figures are released.

Date Inflation-Adjusted Nominal value
Jan 2026 147.34 147.34
Dec 2025 142.31 142.31
Nov 2025 147.09 147.12
Oct 2025 149.32 149.32
Sep 2025 151.17 151.52
Aug 2025 154.9 154.87
Jul 2025 148.85 148.39
Jun 2025 156.78 156.05
May 2025 167.75 166.41
Apr 2025 160.85 159.24
Mar 2025 168.11 165.9
Feb 2025 171.86 169.23
Jan 2025 164.83 161.59
Dec 2024 166.56 162.22
Nov 2024 178.16 173.45
Oct 2024 164.08 159.83
Sep 2024 171.24 166.62
Aug 2024 169.87 165.02
Jul 2024 159.33 154.65
Jun 2024 162.67 157.71
May 2024 162.35 157.35
Apr 2024 161.29 156.06
Mar 2024 159.95 154.17
Feb 2024 157.7 151.02
Jan 2024 156.88 149.31
Dec 2023 146.18 138.37
Nov 2023 152.99 144.96
Oct 2023 149.21 141.67
Sep 2023 144.1 136.87
Aug 2023 152.86 144.83
Jul 2023 155.48 146.67
Jun 2023 150.29 141.5
May 2023 141.59 132.89
Apr 2023 155.78 145.83
Mar 2023 147.94 137.8
Feb 2023 137.32 127.49
Jan 2023 142.93 131.95
Dec 2022 152.41 139.59
Nov 2022 149.54 137.38
Oct 2022 134.87 124.03
Sep 2022 126.06 115.47
Aug 2022 138.03 126.16
Jul 2022 138.96 127.04
Jun 2022 142.9 130.66
May 2022 148.98 134.38
Apr 2022 163.53 145.89
Mar 2022 155.64 138.08
Feb 2022 160.9 140.87
Jan 2022 167.12 144.99
Dec 2021 170.9 147.03
Nov 2021 151.51 129.96
Oct 2021 150.58 128.53
Sep 2021 147.54 124.89
Aug 2021 150.68 127.2
Jul 2021 150.82 127.06
Jun 2021 142.87 119.79
May 2021 144.12 119.72
Apr 2021 143.73 118.45
Mar 2021 146.17 119.47
Feb 2021 134.27 108.98
Jan 2021 140.12 113.11
Dec 2020 151.8 122.02
Nov 2020 151.65 121.78
Oct 2020 149.62 120.23
Sep 2020 150.92 121.22
Aug 2020 150.41 120.64
Jul 2020 143.02 114.35
Jun 2020 130.26 103.63
May 2020 126.98 100.47
Apr 2020 129.12 102.16
Mar 2020 118.9 94.71
Feb 2020 122.13 97.49
Jan 2020 134.78 107.3
Dec 2019 134.81 106.91
Nov 2019 131.63 104.47
Oct 2019 134.2 106.57
Sep 2019 133.52 105.79
Aug 2019 129.16 102.26
Jul 2019 126.8 100.4
Jun 2019 117.23 92.66
May 2019 110.05 86.97
Apr 2019 114.11 89.99
Mar 2019 111.31 87.32
Feb 2019 106.03 82.7
Jan 2019 104.23 80.96
Dec 2018 98.72 76.54
Nov 2018 101.18 78.7
Oct 2018 94.62 73.84
Sep 2018 88.19 68.7
Aug 2018 88 68.47
Jul 2018 85.85 66.76
Jun 2018 82.12 63.86
May 2018 77.1 59.86
Apr 2018 76.54 59.18
Mar 2018 83.45 64.27
Feb 2018 82.84 63.65
Jan 2018 91.5 69.99
Dec 2017 97.17 73.92
Nov 2017 95.12 72.4
Oct 2017 91.26 69.47
Sep 2017 95.4 72.66
Aug 2017 97.26 73.69
Jul 2017 96.02 72.53
Jun 2017 91.36 69.06
May 2017 92.43 69.81
Apr 2017 91.71 69.21
Mar 2017 93.93 70.67
Feb 2017 95.28 71.63
Jan 2017 91.94 68.9
Dec 2016 88.07 65.61
Nov 2016 86.4 64.35
Oct 2016 90.8 67.74
Sep 2016 93.29 69.51
Aug 2016 90.97 67.62
Jul 2016 89.26 66.28
Jun 2016 87.48 65.07
May 2016 84.01 62.28
Apr 2016 83.39 61.57
Mar 2016 85.38 62.74
Feb 2016 83.64 61.2
Jan 2016 85.17 62.27
Dec 2015 82.22 60.01
Nov 2015 77.23 56.56
Oct 2015 78.65 57.72
Sep 2015 73.39 53.89
Aug 2015 71.98 52.94
Jul 2015 78.01 57.45
Jun 2015 78.94 58.14
May 2015 79.37 58.25
Apr 2015 80.92 59.08
Mar 2015 82.9 60.4
Feb 2015 86.64 62.75
Jan 2015 86.16 62.13
Dec 2014 92.02 66.68
Nov 2014 90.83 66.19
Oct 2014 87.19 63.88
Sep 2014 82.82 60.83
Aug 2014 82.26 60.38
Jul 2014 76.4 56.17
Jun 2014 77.01 56.64
May 2014 79.32 58.23
Apr 2014 81.33 59.5
Mar 2014 79.04 57.64
Feb 2014 77.64 56.25
Jan 2014 75.9 54.79
Dec 2013 80.35 57.78
Nov 2013 83.11 59.78
Oct 2013 79.52 57.31
Sep 2013 73.68 53.24
Aug 2013 76.01 54.86
Jul 2013 78.46 56.56
Jun 2013 74.7 53.82
May 2013 74.65 53.66
Apr 2013 74.8 53.67
Mar 2013 74.46 53.48
Feb 2013 73.8 52.87
Jan 2013 73.41 52.17
Dec 2012 65.97 46.74
Nov 2012 67.68 48.08
Oct 2012 66.79 47.67
Sep 2012 66.33 47.37
Aug 2012 64.55 45.89
Jul 2012 62.35 44.08
Jun 2012 58.57 41.47
May 2012 59.47 42.18
Apr 2012 60.69 43.09
Mar 2012 64.29 45.51
Feb 2012 65.17 45.79
Jan 2012 61.03 42.69
Dec 2011 64.35 44.82
Nov 2011 62.14 43.38
Oct 2011 61.53 42.99
Sep 2011 60.14 42.1
Aug 2011 60.7 42.44
Jul 2011 58.78 40.98
Jun 2011 60.33 42.02
May 2011 63.52 44.29
Apr 2011 61.82 42.9
Mar 2011 58.57 40.39
Feb 2011 60.53 41.34
Jan 2011 60.91 41.39
Dec 2010 61.9 41.87
Nov 2010 58.87 39.75
Oct 2010 61.3 41.38
Sep 2010 57.47 38.74
Aug 2010 57.21 38.54
Jul 2010 58.72 39.51
Jun 2010 57.16 38.45
May 2010 58.16 39.16
Apr 2010 59.22 39.84
Mar 2010 59.93 40.25
Feb 2010 60.18 40.25
Jan 2010 58.55 39.15
Dec 2009 57.46 38.29
Nov 2009 58.99 39.38
Oct 2009 54.91 36.63
Sep 2009 54.48 36.31
Aug 2009 50.93 33.92
Jul 2009 52.36 34.8
Jun 2009 47.75 31.78
May 2009 48.95 32.3
Apr 2009 46.73 30.75
Mar 2009 44.24 29.04
Feb 2009 45.36 29.7
Jan 2009 51.58 33.61
Dec 2008 58.36 37.86
Nov 2008 60.12 39.41
Oct 2008 59.14 39.52
Sep 2008 62.81 42.41
Aug 2008 62.8 42.46
Jul 2008 58.7 39.85
Jun 2008 54.46 36.78
May 2008 59.75 39.94
Apr 2008 61.17 40.55
Mar 2008 63.95 42.14
Feb 2008 60.92 39.8
Jan 2008 60.39 39.34
Dec 2007 67.78 43.93
Nov 2007 68.27 44.28
Oct 2007 64.51 41.6
Sep 2007 65.09 41.88
Aug 2007 60.6 38.88
Jul 2007 57.3 36.83
Jun 2007 56.35 36.23
May 2007 58.64 37.63
Apr 2007 59.78 38.13
Mar 2007 58.69 37.19
Feb 2007 59.53 37.39
Jan 2007 61.15 38.2
Dec 2006 60.48 37.67
Nov 2006 59.18 36.8
Oct 2006 59.66 37.15
Sep 2006 57.73 36.14
Aug 2006 57.37 36.1
Jul 2006 52.19 32.77
Jun 2006 51.5 32.24
May 2006 50.35 31.46
Apr 2006 54.29 33.76
Mar 2006 53.91 33.24
Feb 2006 56.37 34.56
Jan 2006 55.82 34.16
Dec 2005 54.97 33.38
Nov 2005 54.09 32.98
Oct 2005 52.53 32.29
Sep 2005 55.62 34.12
Aug 2005 52.53 31.84
Jul 2005 52.94 31.92
Jun 2005 50.18 30.12
May 2005 52.49 31.49
Apr 2005 51.48 30.92
Mar 2005 50.47 30.1
Feb 2005 50.95 30.16
Jan 2005 51.38 30.23
Dec 2004 53.04 31.15
Nov 2004 51.31 30.24
Oct 2004 49.13 28.94
Sep 2004 51.98 30.46
Aug 2004 53.87 31.5
Jul 2004 50.22 29.35
Jun 2004 52.1 30.5
May 2004 51.76 30.2
Apr 2004 51.08 29.63
Mar 2004 50.56 29.24
Feb 2004 49.74 28.58
Jan 2004 49.31 28.18
Dec 2003 48.74 27.72
Nov 2003 46.91 26.71
Oct 2003 47.78 27.28
Sep 2003 44.86 25.64
Aug 2003 42.32 24.11
Jul 2003 42.77 24.27
Jun 2003 43.23 24.51
May 2003 44.56 25.23
Apr 2003 43.53 24.69
Mar 2003 42.85 24.36
Feb 2003 39.63 22.39
Jan 2003 41.75 23.41
Dec 2002 41.91 23.4
Nov 2002 41.13 23.01
Oct 2002 43.04 24.08
Sep 2002 43.37 24.22
Aug 2002 43.09 24.03
Jul 2002 43.4 24.12
Jun 2002 43.38 24.08
May 2002 43.52 24.15
Apr 2002 43.87 24.34
Mar 2002 43.85 24.19
Feb 2002 41.5 22.77
Jan 2002 40.13 21.93
Dec 2001 38.78 21.15
Nov 2001 37.82 20.7
Oct 2001 35.96 19.72
Sep 2001 35.17 19.35
Aug 2001 35.99 19.71
Jul 2001 34.47 18.88
Jun 2001 30.71 16.87
May 2001 30.97 16.99
Apr 2001 29.08 15.88
Mar 2001 30.26 16.45
Feb 2001 34.15 18.53
Jan 2001 34.94 18.88
Dec 2000 38.2 20.51
Nov 2000 36.45 19.58
Oct 2000 34.79 18.68
Sep 2000 32.53 17.44
Aug 2000 30.18 16.09
Jul 2000 27.82 14.84
Jun 2000 27.6 14.68
May 2000 32.51 17.21
Apr 2000 29.24 15.46
Mar 2000 27.66 14.62
Feb 2000 43.19 22.63
Jan 2000 49.97 26.03
Dec 1999 54.18 28.14
Nov 1999 53.41 27.74
Oct 1999 51.89 26.94
Sep 1999 46.32 24
Aug 1999 49.27 25.41
Jul 1999 45.07 23.18
Jun 1999 43.83 22.48
May 1999 46.44 23.82
Apr 1999 46.66 23.93
Mar 1999 48.92 24.91
Feb 1999 44.84 22.76
Jan 1999 45.59 23.11
Dec 1998 45.77 23.15
Nov 1998 43.89 22.21
Oct 1998 44.42 22.48
Sep 1998 35.59 17.97
Aug 1998 38.33 19.33
Jul 1998 39.82 20.05
Jun 1998 45.59 22.93
May 1998 42.04 21.12
Apr 1998 41.27 20.7
Mar 1998 42.32 21.18
Feb 1998 42.65 21.31
Jan 1998 39.46 19.68
Dec 1997 40.13 19.98
Nov 1997 38.26 19.07
Oct 1997 34.13 17.02
Sep 1997 34.63 17.23
Aug 1997 33.46 16.6
Jul 1997 38.3 18.97
Jun 1997 35.49 17.56
May 1997 34.69 17.14
Apr 1997 31.62 15.63
Mar 1997 28.78 14.21
Feb 1997 30.2 14.88
Jan 1997 29.16 14.32
Dec 1996 27.12 13.27
Nov 1996 27.41 13.41
Oct 1996 25 12.21
Sep 1996 24.58 11.97
Aug 1996 22.48 10.91
Jul 1996 22.62 10.96
Jun 1996 22.89 11.07
May 1996 22.21 10.73
Apr 1996 21.4 10.32
Mar 1996 21.44 10.3
Feb 1996 20.85 9.97
Jan 1996 21.43 10.21
Dec 1995 21.2 10.04
Nov 1995 22.08 10.47
Oct 1995 20.67 9.8
Sep 1995 19.61 9.27
Aug 1995 17.7 8.35
Jul 1995 17.62 8.29
Jun 1995 18.28 8.6
May 1995 18.32 8.6
Apr 1995 17.85 8.37
Mar 1995 16.89 7.89
Feb 1995 17.01 7.92
Jan 1995 16.72 7.76
Dec 1994 15.9 7.34
Nov 1994 16.02 7.4
Oct 1994 16.14 7.45
Sep 1994 15.23 7.02
Aug 1994 15.59 7.17
Jul 1994 14.34 6.57
Jun 1994 13.68 6.25
May 1994 14.49 6.6
Apr 1994 14.63 6.66
Mar 1994 13.7 6.23
Feb 1994 14.78 6.69
Jan 1994 15.35 6.92
Dec 1993 14.66 6.6
Nov 1993 14.6 6.57
Oct 1993 13.96 6.28
Sep 1993 12.21 5.47
Aug 1993 12.46 5.57
Jul 1993 12.59 5.61
Jun 1993 13.35 5.95
May 1993 12.62 5.62
Apr 1993 12.64 5.62
Mar 1993 12.8 5.67
Feb 1993 13.39 5.91
Jan 1993 12.86 5.66
Dec 1992 13.85 6.06
Nov 1992 14 6.14
Oct 1992 13.67 5.98
Sep 1992 12.74 5.55
Aug 1992 12.13 5.27
Jul 1992 13.14 5.69
Jun 1992 11.9 5.15
May 1992 13.33 5.75
Apr 1992 13.42 5.78
Mar 1992 13.24 5.69
Feb 1992 13.22 5.66
Jan 1992 13.55 5.77
Dec 1991 12.21 5.2
Nov 1991 10.54 4.48
Oct 1991 10.92 4.63
Sep 1991 11.03 4.67
Aug 1991 10.9 4.59
Jul 1991 10.57 4.44
Jun 1991 10.08 4.23
May 1991 11.12 4.65
Apr 1991 10.99 4.59
Mar 1991 11.11 4.63
Feb 1991 10.62 4.42
Jan 1991 10.37 4.31
Dec 1990 11.34 4.68
Nov 1990 10.84 4.48
Oct 1990 10.31 4.25
Sep 1990 9.55 3.91
Aug 1990 10.18 4.13
Jul 1990 11.57 4.66
Jun 1990 11.61 4.65
May 1990 11.07 4.41
Apr 1990 9.48 3.77
Mar 1990 9.05 3.6
Feb 1990 8.58 3.39
Jan 1990 8.64 3.4
Dec 1989 9.52 3.7
Nov 1989 8.79 3.41
Oct 1989 8.78 3.4
Sep 1989 8.14 3.14
Aug 1989 8.75 3.36
Jul 1989 8.14 3.12
Jun 1989 7.36 2.82
May 1989 6.99 2.67
Apr 1989 6.54 2.49
Mar 1989 6.32 2.38
Feb 1989 6.09 2.28
Jan 1989 6.35 2.37
Dec 1988 5.98 2.22
Nov 1988 5.63 2.09
Oct 1988 5.69 2.11
Sep 1988 5.48 2.03
Aug 1988 5.15 1.89
Jul 1988 5.2 1.9
Jun 1988 5.34 1.94
May 1988 5.28 1.92
Apr 1988 5.35 1.93
Mar 1988 5.39 1.94
Feb 1988 5.85 2.1
Jan 1988 5.91 2.11
Dec 1987 5.91 2.11
Nov 1987 5.64 2.01
Oct 1987 6.12 2.18
Sep 1987 6.96 2.47
Aug 1987 7.1 2.51
Jul 1987 6.49 2.28
Jun 1987 6.8 2.38
May 1987 6.37 2.22
Apr 1987 5.92 2.06
Mar 1987 6.41 2.22
Feb 1987 6.07 2.09
Jan 1987 6.18 2.12
Dec 1986 5.4 1.84
Nov 1986 5.5 1.87
Oct 1986 5.31 1.81
Sep 1986 4.8 1.63
Aug 1986 5.7 1.93
Jul 1986 5.52 1.87
Jun 1986 5.72 1.93
May 1986 5.59 1.88
Apr 1986 5.29 1.77
Mar 1986 5.29 1.78
Feb 1986 4.93 1.66
Jan 1986 4.7 1.59
Dec 1985 4.99 1.68
Nov 1985 4.81 1.62
Oct 1985 4.56 1.53
Sep 1985 4.07 1.36
Aug 1985 4.16 1.39
Jul 1985 4.15 1.38
Jun 1985 4.08 1.35
May 1985 3.92 1.3
Apr 1985 3.81 1.26
Mar 1985 4.08 1.34
Feb 1985 4.19 1.37
Jan 1985 4.17 1.36
Dec 1984 4.23 1.37
Nov 1984 4.29 1.39
Oct 1984 4.3 1.4
Sep 1984 4.16 1.35
Aug 1984 4.19 1.35
Jul 1984 3.96 1.27
Jun 1984 3.95 1.26
May 1984 3.72 1.19
Apr 1984 3.59 1.14
Mar 1984 3.67 1.16
Feb 1984 3.6 1.14
Jan 1984 3.87 1.22
Dec 1983 4.39 1.37
Nov 1983 4.57 1.43
Oct 1983 4.29 1.34
Sep 1983 4.32 1.34
Aug 1983 4.17 1.29
Jul 1983 4.05 1.25
Jun 1983 4.33 1.33
May 1983 4.24 1.3
Apr 1983 4.76 1.45
Mar 1983 4.85 1.46
Feb 1983 4.56 1.38
Jan 1983 4.49 1.36
Dec 1982 4.73 1.43
Nov 1982 4.74 1.43
Oct 1982 4.22 1.28
Sep 1982 3.91 1.18
Aug 1982 3.8 1.15
Jul 1982 3.41 1.03
Jun 1982 3.34 1
May 1982 3.42 1.01
Apr 1982 3.52 1.03
Mar 1982 3.42 1
Feb 1982 3.44 1
Jan 1982 3.53 1.03
Dec 1981 3.34 0.97
Nov 1981 3.35 0.97
Oct 1981 3.27 0.94
Sep 1981 3.09 0.89
Aug 1981 2.94 0.84
Jul 1981 3.1 0.88
Jun 1981 3.27 0.91
May 1981 3.07 0.85
Apr 1981 3.15 0.87
Mar 1981 3.11 0.85
Feb 1981 3.17 0.86
Jan 1981 3.01 0.81
Dec 1980 3.12 0.83
Nov 1980 3.22 0.85
Oct 1980 3.12 0.82
Sep 1980 3.33 0.86
Aug 1980 3.68 0.95
Jul 1980 3.8 0.97
Jun 1980 3.48 0.89
May 1980 3.72 0.94
Apr 1980 3.45 0.86
Mar 1980 3.3 0.82
Feb 1980 3.53 0.86
Jan 1980 3.62 0.87
Dec 1979 3.78 0.9
Nov 1979 3.81 0.89
Oct 1979 3.86 0.9
Sep 1979 4.05 0.93
Aug 1979 4.24 0.97
Jul 1979 3.96 0.89
Jun 1979 4.15 0.93
May 1979 4.41 0.97
Apr 1979 4.43 0.96
Mar 1979 4.53 0.98
Feb 1979 4.59 0.98
Jan 1979 4.83 1.02
Dec 1978 5.13 1.07
Nov 1978 4.97 1.03
Oct 1978 4.8 0.99
Sep 1978 5.11 1.05
Aug 1978 5.16 1.05
Jul 1978 5.37 1.09
Jun 1978 5.15 1.04
May 1978 5.19 1.03
Apr 1978 5.17 1.02
Mar 1978 4.57 0.89
Feb 1978 4.77 0.93
Jan 1978 4.93 0.95
Dec 1977 5.4 1.04
Nov 1977 5.39 1.03
Oct 1977 5.26 1
Sep 1977 5.42 1.03
Aug 1977 5.51 1.04
Jul 1977 5.11 0.96
Jun 1977 5.16 0.97
May 1977 4.8 0.89
Apr 1977 5.05 0.93
Mar 1977 5.19 0.95
Feb 1977 5.45 0.99
Jan 1977 5.75 1.04
Dec 1976 6.28 1.13
Nov 1976 6.31 1.13
Oct 1976 6.41 1.15
Sep 1976 6.55 1.16
Aug 1976 6.47 1.15
Jul 1976 6.57 1.16
Jun 1976 6.53 1.14
May 1976 6.11 1.07
Apr 1976 6.18 1.07
Mar 1976 6.32 1.09
Feb 1976 5.94 1.02
Jan 1976 6.46 1.11
Dec 1975 6.26 1.07
Nov 1975 6.57 1.12
Oct 1975 6.32 1.07
Sep 1975 5.94 1
Aug 1975 6.08 1.02
Jul 1975 6.45 1.08
Jun 1975 7.15 1.18
May 1975 7.12 1.17
Apr 1975 7.03 1.15
Mar 1975 7.1 1.15
Feb 1975 7.02 1.14
Jan 1975 6.85 1.1
Dec 1974 6.13 0.98
Nov 1974 6.28 1
Oct 1974 6.63 1.05
Sep 1974 5.64 0.88
Aug 1974 6.47 1
Jul 1974 7.5 1.14
Jun 1974 7.95 1.2
May 1974 7.88 1.18
Apr 1974 7.63 1.13
Mar 1974 7.23 1.07
Feb 1974 7.29 1.06
Jan 1974 7.5 1.08
Dec 1973 7.78 1.11
Nov 1973 8.09 1.15
Oct 1973 8.84 1.24
Sep 1973 8.56 1.19
Aug 1973 8.53 1.19
Jul 1973 9.98 1.36
Jun 1973 9.19 1.25
May 1973 8.68 1.18
Apr 1973 8.93 1.2
Mar 1973 9.11 1.22
Feb 1973 9.73 1.29
Jan 1973 9.97 1.31
Dec 1972 10.25 1.34
Nov 1972 9.96 1.3
Oct 1972 9.7 1.27
Sep 1972 9.09 1.18
Aug 1972 9.01 1.17
Jul 1972 9 1.16
Jun 1972 8.74 1.12
May 1972 9.25 1.19
Apr 1972 8.61 1.1
Mar 1972 8.36 1.07
Feb 1972 8.12 1.04
Jan 1972 7.6 0.96
Dec 1971 7.46 0.95
Nov 1971 6.84 0.86
Oct 1971 6.78 0.86
Sep 1971 6.8 0.86
Aug 1971 6.89 0.87
Jul 1971 6.4 0.8
Jun 1971 6.23 0.78
May 1971 5.77 0.72
Apr 1971 5.89 0.73
Mar 1971 6.09 0.75
Feb 1971 5.73 0.71
Jan 1971 5.74 0.71
Dec 1970 5.69 0.7
Nov 1970 5.86 0.72
Oct 1970 5.42 0.66
Sep 1970 5.27 0.64
Aug 1970 5.22 0.63
Jul 1970 5.21 0.63
Jun 1970 4.73 0.57
May 1970 4.96 0.59
Apr 1970 5.05 0.6
Mar 1970 5.57 0.66
Feb 1970 5.62 0.66
Jan 1970 5.74 0.67

Returns from Investing in Procter & Gamble Company stock

How much did an investment in Procter & Gamble really grow each year after accounting for inflation? The following chart contains the inflation-adjusted real annual percentage returns.

Detailed Annual Returns (Adjusted vs. Nominal)

The table below shows the returns for Procter & Gamble Company stock by year, both inflation-adjusted and nominal. You can sort any column by clicking on the header.

Observe how inflation erodes nominal gains, sometimes resulting in a negative real return even when the stock price nominally increased, as in 2009.

Year Inflation-Adjusted Return Nominal Return
2024 13.94% 17.23%
2023 -4.09% -0.87%
2022 -10.82% -5.06%
2021 12.58% 20.5%
2020 12.6% 14.13%
2019 36.55% 39.67%
2018 1.6% 3.54%
2017 10.34% 12.67%
2016 7.11% 9.33%
2015 -10.65% -9.99%
2014 14.53% 15.39%
2013 21.79% 23.62%
2012 2.52% 4.3%
2011 3.96% 7.04%
2010 7.73% 9.34%
2009 -1.53% 1.15%
2008 -13.9% -13.82%
2007 12.06% 16.63%
2006 10.04% 12.83%
2005 3.64% 7.18%
2004 8.83% 12.37%
2003 16.28% 18.47%
2002 8.06% 10.63%
2001 1.52% 3.1%
2000 -29.49% -27.1%
1999 18.38% 21.56%
1998 14.05% 15.89%
1997 47.96% 50.48%
1996 27.92% 32.17%
1995 33.39% 36.78%
1994 8.41% 11.31%
1993 5.86% 8.77%
1992 13.44% 16.73%
1991 7.72% 11.02%
1990 19.07% 26.34%
1989 59.33% 66.73%
1988 1.05% 5.52%
1987 9.49% 14.34%
1986 8.31% 9.5%
1985 17.89% 22.37%
1984 -3.59% 0.22%
1983 -7.32% -3.81%
1982 41.7% 47.12%
1981 7.14% 16.7%
1980 -17.56% -7.24%
1979 -26.26% -16.46%
1978 -5.07% 3.49%
1977 -14.04% -8.28%
1976 0.32% 5.2%
1975 2.12% 9.2%
1974 -21.14% -11.41%
1973 -24.1% -17.49%
1972 37.36% 42.04%
1971 31.06% 35.34%

Procter & Gamble Company Stock: Average Annualized Returns

Annualized returns show the average rate of growth per year, making it easier to compare performance across different time periods. While nominal returns indicate the headline growth, adjusting for inflation reveals the actual change in purchasing power.

This table presents both nominal and inflation-adjusted average annual returns for Procter & Gamble over various trailing periods ending December 31, 2025, offering a clearer view of long-term, real investment performance.

Period Avg. Annual Return (Inflation-Adjusted) Avg. Annual Return (Nominal)
Last 1 year -14.56% -12.28%
Last 3 years -2.26% 0.64%
Last 5 years -1.28% 3.12%
Last 10 years 5.64% 9.02%
Last 20 years 4.87% 7.52%
Last 30 years 6.55% 9.24%
Last 40 years 8.74% 11.73%
Last 50 years 6.45% 10.27%

Real Returns of Investing in the Procter & Gamble

The chart and table below show the nominal and inflation-adjusted value of a hypothetical $100 investment over various long-term historical periods, ending in September 2025.

The inflation-adjusted line, in green, represents the real increase in purchasing power for the initial investment. Observe the gap between both lines, which illustrates the cumulative effect of inflation over time.

Even over just five years, inflation takes a noticeable bite out of investments. Investing $100 in the Procter & Gamble five years ago yielded an 39.04% nominal gain, but the real return (the actual increase in buying power) was 12.59%.

As investment periods get longer, the difference between reported nominal returns and the inflation-adjusted gains usually becomes much greater due to the compounding effect of inflation over time.

Investment Period What $100 Grew To (Nominal) Total Nominal Return (%) Total Inflation-Adjusted Return (%)
Last 5 years Feb 2021 - Sep 2025 $139.04 39.04% 12.59%
Last 10 years Feb 2016 - Sep 2025 $247.57 147.57% 80.73%
Last 25 years Feb 2001 - Sep 2025 $817.83 717.83% 342.65%
Last 50 years Feb 1976 - Sep 2025 $14,807.8 14,708% 2,444%

Inflation in Procter & Gamble Operations

Procter & Gamble experiences moderate inflation impact but benefits from strong brand power and pricing flexibility in the consumer goods market.

  • Raw Materials & Packaging: Rising costs for chemicals, petroleum-based materials, paper and plastic packaging directly affect manufacturing costs across P&G's extensive product portfolio.
  • Manufacturing & Operations: Inflation in energy costs, labor expenses and facility operations impacts production efficiency and overall manufacturing margins.
  • Marketing & Advertising: Increased costs for media advertising, promotional materials and digital marketing campaigns affect brand building and customer acquisition expenses.
  • Global Supply Chain: Transportation costs, international logistics and currency fluctuations in global markets impact the distribution of products worldwide.

Procter & Gamble's portfolio of strong consumer brands provides significant protection against inflationary pressures. The company's trusted household names like Tide, Crest, Pampers and Gillette command premium pricing and customer loyalty that supports regular price increases when input costs rise.

Additionally, P&G's focus on essential consumer products creates relatively inelastic demand, meaning consumers continue purchasing these items even during inflationary periods. The company's global scale and purchasing power help secure favorable supplier terms, while continuous innovation and product improvements provide justification for price adjustments that help maintain margins during inflationary cycles.

About Procter & Gamble

Procter & Gamble Company is one of the world's largest consumer goods companies, founded in 1837 and headquartered in Cincinnati, Ohio.

The company operates in approximately 70 countries, marketing over 65 brands including household names like Tide, Crest, Pampers, Gillette and Olay. P&G focuses on everyday consumer products across health care, beauty, grooming, fabric care and home care categories.

As a component of the Dow Jones Industrial Average and S&P 500, Procter & Gamble represents the consumer staples sector in major market indices. The company is known for its strong brand portfolio, innovation capabilities and consistent dividend payments to shareholders.

Last Close
Jan 28, 2026
147.34
Highest
Dec 2, 2024
173.88
Highest, Inflation-Adjusted
Dec 2, 2024
178.53
Annualized return
Since Jan 2, 1970
10.12%
Annualized return, Inflation-Adjusted
Since Jan 2, 1970
5.98%

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Other Inflation-Adjusted Data