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The Marzetti Company (MZTI) Fair Value & Analysis

Consumer Defensive · US · Market cap $3.1B

TM The Marzetti Company logo The Marzetti Company MZTI · US
Price$113.48
Fair Value$128.15
Upside+12.9%
Quality71/100
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Healthy Growth
Thin margins · 9.1% net margin
generates free cash flow
3.48% dividend yield
Mixed vs. peers (7/14)
Moderate moat 58/100
Evidence: High Range $89.90 – $160.19 Share as image

Fair value as of: Jul 12, 2026

From 25 valuation models · updated 28 days ago

Share price +1.2% over the past month.

A solid business, screening 13% undervalued on our models.

What matters now

  • Our model range runs from $89.90 (bear) to $160.19 (bull), base $128.15. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$203.69 $104.72 Fair Value $128.15 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range $104.72 – $203.69 · fair‑value band $89.90 – $160.19 · the $113.48 price screens below the $128.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

The Marzetti Company (MZTI) currently trades at $113.48, while our model-based Fair Value estimate is $128.15, implying the stock looks roughly 12.9% undervalued today. The Quality Score stands at 71/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, The Marzetti Company generated revenue of $1.9B at a net margin of 9.1%. Revenue declined 1.0% year over year. It earns a return on equity of 17.2%. The balance sheet holds a net cash position of $106M. Fundamentals as of Jul 12, 2026

Our scenario range runs from $89.90 (bear case) to $160.19 (bull case); at $113.48, 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 39% below its 52-week high and 7% 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 13%, MZTI screens cheaper 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
Residual Income $38.43 $48.05 $106.51 76
Growth DCF $82.37 $109.90 $145.54 72
Gordon GGM $33.15 $51.64 $71.33 70
All 25 models by family
DCF Models
FCF DCF $80.32 $109.85 $149.69 38
Owner Earnings $68.62 $93.51 $127.09 31
5Y Revenue Exit $76.52 $111.09 $153.26 39
5Y EBITDA Exit $88.49 $132.19 $180.50 41
5Y P/E Exit $86.15 $128.07 $169.32 38
10Y Revenue Exit $75.33 $105.85 $142.79 36
10Y EBITDA Exit $84.61 $119.72 $162.03 37
10Y P/E Exit $83.19 $117.01 $154.14 35
Earnings-Based
Graham-Dodd $41.50 $91.77 $117.10 54
PEG = 1.0 $14.69 $20.99 $27.29 46
EPV $63.64 $72.76 $80.62 59
Dividend Discount
Gordon GGM $33.15 $51.64 $71.33 70
DDM Multi-Stage $33.15 $47.34 $62.65 61
Multiples
P/E Multiple $96.12 $128.15 $160.19 63
P/S Multiple $77.81 $103.74 $129.68 58
P/B Multiple $77.81 $103.74 $129.68 55
EV/EBIT $108.32 $142.47 $176.62 53
EV/EBITDA $106.33 $139.80 $173.28 54
EV/Revenue $78.99 $110.32 $141.65 43
Asset-Based
NCAV (Graham) $18.21 $24.40 $36.41 50
Growth DCF
Growth DCF $82.37 $109.90 $145.54 72
Rev-Margin DCF $76.52 $112.06 $149.71 67
Economic Profit
Residual Income $38.43 $48.05 $106.51 76
ROIC Compounder $65.68 $78.06 $90.98 67
Growth Earnings
Growth-Adj P/E $71.52 $102.18 $132.83 68

Widest divergence: DCF Models ($111.09) versus Asset-Based ($24.40). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $1.9B
Revenue growth (YoY) -1.0%
Net margin 9.1%
Return on equity 17.2%
Free cash flow $203M FY2025
P/E ratio 17.6
More key figures
Operating margin 10.9%
EPS (TTM) $6.54
Dividend yield 3.5%
EPS growth (YoY) -9.4%
Net cash $106M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 71 · Market factors (momentum, volatility) 34

Profitability 70
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 81
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

The Marzetti Company engages in manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice.

Full company description

The Marzetti Company engages in manufacturing and marketing of specialty food products for the retail and foodservice channels in the United States. It operates in two segments, Retail and Foodservice. The company offers frozen garlic breads under the New York Bakery brand; frozen Parkerhouse style yeast and dinner rolls under the Sister Schubert's brand; salad dressings under the Marzetti, Cardini's, Marzetti Simply, and Girard's brands; vegetable and fruit dips under the Marzetti brand; croutons and salad toppings under the New York Bakery, Chatham Village, and Marzetti brands; and frozen pasta under the Marzetti Frozen Pasta brand. It also manufactures and sells various products to brand license agreements, including Olive Garden dressings, Buffalo Wild Wings sauces, Chick-fil-A sauces and dressing, Texas Roadhouse steak sauces and frozen rolls, and Subway sauces. The company sells its products through sales personnel, food brokers, and distributors to retailers and restaurants. The Marzetti Company was formerly known as Lancaster Colony Corporation and changed its name to The Marzetti Company in June 2025. The company was founded in 1896 and is based in Westerville, Ohio.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Marzetti Company reported revenue of $1.9B in FY2025 versus $1.5B in FY2021, a compound +6.8%/yr. Reported net income was $167M in FY2025, compounding +4.1%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.9B
Latest YoY
+2.0%
Avg. growth/yr (3Y)
+4.4%
Avg. growth/yr (5Y)
+7.4%
Avg. growth/yr (39Y)
+3.8%
Revenue +6.8%/yr
FY21 $1.5B
FY22 $1.7B
FY23 $1.8B
FY24 $1.9B
FY25 $1.9B
Net income +4.1%/yr
FY21 $142M
FY22 $89.6M
FY23 $111M
FY24 $159M
FY25 $167M

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Cite: Fair Value Calculator (2026). "The Marzetti Company Fair Value". https://www.fairvalue-calculator.com/stock/MZTI

Earlier news

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

Peer Group

Packaged Foods · 653 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 71 · Top 25%
Fair Value upside +13% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth -1% · Below median
Dividend yield (TTM) 3.5% · Above median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 17.6× · Pricier than median
P/B 3.15× · Pricier than 75% of peers
P/S (TTM) 1.62× · Pricier than 75% of peers
P/FCF 15.5× · Pricier than 75% of peers
EV/EBITDA 10.0× · Pricier than median
PEG 3.12× · 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 51 · sector 29
FUTURE 0 · sector 19
PAST 69 · sector 27
HEALTH 0 · sector 96
DIVIDEND 70 · sector 47

Insider activity: 42/100

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 12, 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 The Marzetti Company (MZTI) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of $128.15 versus a price of $113.48, about +13% (undervalued).
What is the fair value of MZTI?
Our model-based fair value for The Marzetti Company is $128.15 (as of Jul 12, 2026), built from audited fundamentals. The current price is $113.48.
What is the quality score of MZTI?
The Marzetti Company has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of The Marzetti Company (MZTI)?
The Marzetti Company reported trailing-twelve-month revenue of about $1.9B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of MZTI?
The net profit margin of The Marzetti Company is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does The Marzetti Company pay a dividend?
The Marzetti Company currently shows a dividend yield of about 3.58% relative to its recent price (as of Jul 12, 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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