Is General Mills, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for General Mills, Inc. moved from very expensive to very attractive, indicating a significant shift in its perceived value. The company appears undervalued, supported by a P/E ratio of 15, an EV to EBITDA of 12.97, and a Price to Book Value of 4.40. In comparison, The Kraft Heinz Co. has a P/E of 4.85, while Tyson Foods, Inc. shows a much higher P/E of 23.83, highlighting General Mills' relative valuation attractiveness within the FMCG sector.
Despite the favorable valuation metrics, General Mills has underperformed against the S&P 500, with a year-to-date return of -25.75% compared to the index's 16.45%. This trend continues over multiple periods, with a 3-year return of -42.90% versus the S&P 500's 72.78%, suggesting that while the stock may be undervalued, market sentiment has not yet reflected this potential.