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General Mills, Inc (GIS) Fair Value & Analysis

Consumer Defensive · US · Market cap $19.5B

GM General Mills, Inc logo General Mills, Inc GIS · US
Price$36.07
Fair Value$29.87
Upside-17.2%
Quality50/100
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Weak Growth
Loss-making · -0.5% net margin
High debt · generates free cash flow
6.74% dividend yield
Trails peers (4/15)
Narrow moat 42/100
Evidence: High Range $20.45 – $48.95 Share as image

Fair value as of: Jul 14, 2026

From 15 valuation models · updated 24 days ago

Fair value updated Jul 14, 2026, revised from $51.87 to $29.87 (−42.4%) since Jun 24, 2026. Share price −1.1% over the past month.

A solid business, but screening 17% overvalued on our models.

What matters now

  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($20.45 to $48.95) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$78.31 $31.62 Fair Value $29.87 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range $31.62 – $78.31 · fair‑value band $20.45 – $48.95 · the $36.07 price screens above the $29.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

General Mills, Inc (GIS) currently trades at $36.07, while our model-based Fair Value estimate is $29.87, implying the stock looks roughly 17.2% overvalued today. We read business quality at 50/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, General Mills, Inc generated revenue of $18.4B at a net margin of 12.1%. Revenue grew 2.2% year over year. It earns a return on equity of 23.6%. Net debt stands at $13.1B. Fundamentals as of Jul 14, 2026

Our scenario range runs from $20.45 (bear case) to $48.95 (bull case); at $36.07, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 31% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -17%, GIS screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $10.61 $23.24 $40.28 80
Rev-Margin DCF $17.32 $39.73 $63.20 74
ROIC Compounder $20.45 $29.87 $40.35 72
All 15 models by family
DCF Models
FCF DCF $9.59 $23.00 $41.82 38
5Y Revenue Exit $17.32 $39.46 $66.66 39
5Y EBITDA Exit $22.93 $49.31 $78.57 41
10Y Revenue Exit $12.77 $31.92 $55.40 36
10Y EBITDA Exit $17.60 $38.54 $63.98 37
Earnings-Based
EPV $19.71 $26.74 $32.88 59
Dividend Discount
Gordon GGM $22.63 $35.31 $49.20 70
DDM Multi-Stage $22.63 $32.64 $43.96 61
Multiples
EV/EBIT $47.78 $71.18 $94.58 53
EV/EBITDA $38.43 $58.71 $78.99 54
EV/Revenue $24.90 $45.18 $65.46 43
Asset-Based
NCAV (Graham) $6.90 $9.25 $13.81 50
Growth DCF
Growth DCF $10.61 $23.24 $40.28 80
Rev-Margin DCF $17.32 $39.73 $63.20 74
Economic Profit
ROIC Compounder $20.45 $29.87 $40.35 72

Widest divergence: Multiples ($58.71) versus Asset-Based ($9.25). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $18.4B
Revenue growth (YoY) +2.2%
Net margin -0.5%
Return on equity -1.0%
Free cash flow $1.6B FY2026
P/E ratio 7.9
More key figures
Operating margin 19.2%
EPS (TTM) $-0.1600
Dividend yield 6.7%
EPS growth (YoY) -14.5%
Net debt $13.1B FY2026

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 49 · Market factors (momentum, volatility) 42

Profitability 24
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 99
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. The company operates through four segments: North America Retail; International; North America Pet; and North America Foodservice.

Full company description

General Mills, Inc. manufactures and markets branded consumer foods in the United States and internationally. The company operates through four segments: North America Retail; International; North America Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables. The company also manufactures and markets pet food products, including dog and cat food; and operates ice cream parlors. It markets its products under the Annies, Betty Crocker, Bisquick, Blue Buffalo, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, Dunkaroos, Edgard & Cooper, Fiber One, By The Foot, Gushers, Roll-Ups, Gardettos, Gold Medal, Golden Grahams, Häagen-Dazs, Kitano, Kix, Lärabar, Latina, Lucky Charms, As Well As Muir Glen, Nature Valley, Nudges, Oatmeal Crisp, Old El Paso, Pillsbury, Progresso, Tastefuls, Tiki Pets, Total, Totinos, Trix, True Chews, True Solutions, Wanchai Ferry, Wheaties, Wilderness, and Yoki brands. In addition, the company sells its products to grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores. The company was founded in 1866 and is headquartered in Minneapolis, Minnesota.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

General Mills, Inc reported revenue of $18.4B in FY2026 versus $19.0B in FY2022, a compound −0.8%/yr. Reported net income was −$87.6M in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
$18.4B
Latest YoY
−5.4%
Avg. growth/yr (3Y)
−2.9%
Avg. growth/yr (5Y)
+0.3%
Avg. growth/yr (42Y)
+3.6%
Revenue −0.8%/yr
FY22 $19.0B
FY23 $20.1B
FY24 $19.9B
FY25 $19.5B
FY26 $18.4B
Net income
FY22 $2.7B
FY23 $2.6B
FY24 $2.5B
FY25 $2.3B
FY26 −$87.6M

GIS screens 17% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "General Mills, Inc Fair Value". https://www.fairvalue-calculator.com/stock/GIS

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Packaged Foods · 650 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 50 · Below median
Fair Value upside −17% · Below median
Return on assets 6% · Above median
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 6.7% · Top 25%
Debt / equity 1.69× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 7.9× · Cheaper than 75% of peers
P/B 2.65× · Pricier than 75% of peers
P/S (TTM) 1.06× · Pricier than median
P/FCF 12.0× · Pricier than 75% of peers
EV/EBITDA 9.1× · Pricier than median
PEG 11.74× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 10 · sector 30
FUTURE 11 · sector 20
PAST 0 · sector 27
HEALTH 16 · sector 96
DIVIDEND 100 · sector 47

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is General Mills, Inc (GIS) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of $29.87 versus a price of $36.07, about −17% (overvalued).
What is the fair value of GIS?
Our model-based fair value for General Mills, Inc is $29.87 (as of Jul 14, 2026), built from audited fundamentals. The current price is $36.07.
What is the quality score of GIS?
General Mills, Inc has a Quality Score of 50/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of General Mills, Inc (GIS)?
General Mills, Inc reported trailing-twelve-month revenue of about $18.4B (latest available figure, as of Jul 14, 2026).
What is the net profit margin of GIS?
The net profit margin of General Mills, Inc is about 12.1%, meaning it keeps roughly 12.1% of revenue as net income. Based on the latest reported figures.
Does General Mills, Inc pay a dividend?
General Mills, Inc currently shows a dividend yield of about 7.55% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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