In Search of a Bargain in Campbell Soup Shares

In the first of this two-part series on Campbell Soup Company's (NYSE: CPB) valuation, I discussed the challenges facing both the consumer packaged goods (CPG) industry and Campbell in particular. I ended with the following chart of the company and a few close competitors, comparing them on the basis of enterprise value to projected one-year EBITDA:

CPB EV to EBITDA (Forward) data by YCharts.

Source: Fool.com