Is Ingredion, Inc. overvalued or undervalued?

As of 13 June 2025, Ingredion, Inc. has moved from an attractive to a fair valuation grade. The company is currently fairly valued, with a P/E ratio of 14, which is in line with its peers such as Lamb Weston Holdings, Inc. at 13.54 and McCormick & Co., Inc. at 24.71. Additionally, Ingredion's EV to EBITDA stands at 8.29, slightly lower than the industry average, indicating a competitive position in terms of earnings before interest, taxes, depreciation, and amortization.
In terms of return on equity (ROE), Ingredion boasts a solid 18.21%, while its return on capital employed (ROCE) is a robust 23.50%. Comparatively, Conagra Brands, Inc. is rated very attractive with a P/E of 9.05, suggesting that Ingredion's valuation is reasonable within the context of its industry. Recent stock performance shows that Ingredion has outperformed the S&P 500 over the past year, returning 20.55% compared to the S&P's 10.26%, reinforcing its fair valuation status.