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 current metrics, with 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 is significantly lower than The J. M. Smucker Co. at 23.79, while Conagra Brands, Inc. shows a more attractive P/E of 8.91.
Despite recent stock performance trailing behind the S&P 500, with a year-to-date return of -11.71% compared to the index's 13.30%, the long-term outlook remains positive, as evidenced by a 3-year return of 45.68%. This suggests that while short-term performance has been weak, the company's valuation metrics indicate it may be a compelling investment opportunity moving forward.