Is Ingredion, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Ingredion, Inc. has moved from very expensive to attractive, indicating a shift towards a more favorable assessment. The company appears undervalued, supported by a P/E ratio of 14, an EV to EBITDA of 8.29, and a Price to Book Value of 2.62. In comparison to peers, Ingredion's P/E ratio of 12.88 is significantly lower than The J. M. Smucker Co.'s 23.79, while Conagra Brands, Inc. offers a more attractive valuation with a P/E of 8.91.
Despite recent underperformance, with a year-to-date return of -11.71% compared to the S&P 500's 13.30%, Ingredion's long-term prospects remain solid, as evidenced by a 3-year return of 45.68%. This suggests that while short-term fluctuations may pose challenges, the company's valuation metrics indicate it is positioned for potential growth.