Is Ingredion, Inc. overvalued or undervalued?

As of 29 July 2025, Ingredion, Inc. has moved from a fair to attractive valuation grade, indicating a more favorable outlook. The company appears undervalued, supported by a P/E ratio of 14, which is significantly lower than peers like The J. M. Smucker Co. at 23.79 and Lamb Weston Holdings, Inc. at 15.03. Additionally, Ingredion's EV to EBITDA stands at 8.29, compared to Conagra Brands, Inc. at 9.96, further suggesting it is trading at a discount relative to its industry.
With a robust dividend yield of 151.36% and a strong ROCE of 23.50%, Ingredion demonstrates solid financial health. However, recent stock performance has lagged behind the S&P 500, with a year-to-date return of -9.83% compared to the index's 12.22%. This underperformance, combined with attractive valuation metrics, reinforces the notion that Ingredion may be undervalued in the current market.