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

As of 17 October 2025, the valuation grade for McCormick & Co., Inc. moved from very expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 25, an EV to EBITDA of 18.93, and a PEG ratio of 4.87, indicating a moderate valuation relative to its earnings growth potential.
In comparison to peers, Kellanova has a higher P/E ratio of 26.43 and a more attractive valuation, while The Hershey Co. also presents a fair valuation with a P/E of 26.49. Notably, McCormick's stock has underperformed against the S&P 500, with a year-to-date return of -11.41% compared to the index's 13.30%, suggesting that while the stock is fairly valued, it has not kept pace with broader market trends.