Is Ingredion, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Ingredion, Inc. moved from very expensive to attractive, indicating a shift towards a more favorable assessment. The company appears undervalued based on its key ratios, which include a P/E ratio of 14, an EV to EBITDA of 8.29, and a Price to Book Value of 2.62. Comparatively, Ingredion's P/E ratio is significantly lower than that of The J. M. Smucker Co., which stands at 23.79, and Conagra Brands, Inc., which has a P/E of 8.91, suggesting that Ingredion may offer better value relative to its peers.
Despite recent underperformance, with a year-to-date return of -11.71% compared to the S&P 500's 13.30%, the long-term outlook remains positive, as evidenced by a 3-year return of 45.68%. This discrepancy in performance highlights the potential for recovery and growth in Ingredion's valuation.