Is McCormick & Co., Inc. overvalued or undervalued?

As of 8 May 2025, McCormick & Co., Inc. has moved from an expensive valuation grade to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 25, an EV to EBITDA of 18.93, and a ROE of 14.60%.
When compared to peers, McCormick's P/E ratio of 24.71 is higher than Lamb Weston Holdings, Inc. at 13.54 and Conagra Brands, Inc. at 9.05, indicating that while it is fairly valued, it remains pricier than some competitors. Additionally, McCormick's PEG ratio of 4.87 suggests that growth expectations may be high relative to its earnings. Recent stock performance shows a 1-week return of 1.38%, outperforming the S&P 500's slight decline, which may reinforce the fair valuation narrative.