Is Nomad Foods Ltd. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Nomad Foods Ltd. has moved from fair to attractive, indicating a positive shift in its perceived value. The company appears to be undervalued, particularly when considering its P/E ratio of 10, which is significantly lower than its peer Ingredion, Inc. at 12.88 and Post Holdings, Inc. at 20.40. Additionally, Nomad Foods has an EV to EBITDA ratio of 7.58 and a PEG ratio of 0.45, both of which suggest that the stock may be trading at a discount relative to its growth potential.
In comparison to its peers, Nomad Foods Ltd. stands out with a lower P/E and PEG ratio, reinforcing its attractive valuation. While the stock has underperformed against the S&P 500 over various periods, including a 1Y return of -31.88% compared to the index's 14.08%, the current valuation metrics suggest that it may present a buying opportunity for investors looking for value in the FMCG sector.