Question 1

What is General Mills's P/FCF ratio?

Accepted Answer

General Mills (GIS) P/FCF ratio is 12.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for General Mills?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For General Mills specifically, the relevant sector benchmark is the current sector median of 16.5×.

Question 5

Is General Mills's P/FCF ratio high or low?

Accepted Answer

General Mills's P/FCF ratio of 12.2× is below its own 5-year average of 15.8× and below the sector median of 16.5×. That places the current reading at the 16th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is General Mills's historical P/FCF ratio range?

Accepted Answer

In the available daily series, General Mills (GIS) P/FCF ratio has ranged from a low of 3.7× in 2003 to a high of 41.0× in 2002. The 5-year average is 15.8× and the 5-year median is 15.3×.

Question 7

What was General Mills's P/FCF ratio in 2026?

Accepted Answer

General Mills (GIS) P/FCF ratio at the end of 2026 was 11.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does General Mills's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$18.1B	$1.63B	11.1×	-1.7×	May 31, 2026
2025	$29.3B	$2.29B	12.8×	-2.5×	May 25, 2025
2024	$38.7B	$2.53B	15.3×	-8.5×	May 26, 2024
2023	$49.7B	$2.09B	23.8×	+8.4×	May 31, 2023
2022	$42.3B	$2.75B	15.4×	-0.3×	May 31, 2022
2021	$38.4B	$2.45B	15.6×	+3.6×	May 31, 2021
2020	$38.8B	$3.22B	12.1×	-1.1×	May 31, 2020
2019	$29.8B	$2.27B	13.2×	+2.0×	May 31, 2019
2018	$24.8B	$2.22B	11.2×	-7.8×	May 31, 2018
2017	$32.9B	$1.73B	19.0×	-0.8×	May 31, 2017
2016	$37.6B	$1.9B	19.8×	+0.5×	May 31, 2016
2015	$35.4B	$1.83B	19.3×	+1.3×	May 31, 2015
2014	$33.8B	$1.88B	18.0×	+4.8×	May 31, 2014
2013	$30.5B	$2.31B	13.2×	-1.2×	May 31, 2013
2012	$24.9B	$1.73B	14.4×	-14.7×	May 31, 2012
2011	$25.5B	$878M	29.1×	+13.5×	May 31, 2011
2010	$23.9B	$1.53B	15.6×	+2.3×	May 31, 2010
2009	$16.8B	$1.27B	13.3×	-4.3×	May 31, 2009
2008	$21.3B	$1.21B	17.6×	+1.4×	May 31, 2008
2007	$21.1B	$1.3B	16.2×	+3.3×	May 31, 2007
2006	$18.5B	$1.43B	12.9×	-2.6×	May 31, 2006
2005	$20.1B	$1.3B	15.5×	-5.3×	May 31, 2005
2004	$17.4B	$833M	20.8×	+1.9×	May 31, 2004
2003	$17.4B	$920M	18.9×	-22.1×	May 31, 2003
2002	$16.7B	$407M	41.0×	—	May 31, 2002


Target (TGT)	18.7×
Tyson Foods (TSN)	18.4×
Colgate-Palmolive (CL)	18.2×
Kenvue (KVUE)	18.1×
Hormel Foods (HRL)	17.1×
Universal Corporation (UVV)	16.5×
Marzetti (MZTI)	15.3×
Kroger (KR)	14.3×
Brown-Forman (BF-B)	13.2×
Performance Food Group (PFGC)	12.9×
Altria Group (MO)	12.8×
Constellation Brands (STZ)	12.8×
Kimberly-Clark (KMB)	12.4×
Dollar Tree (DLTR)	12.0×
McCormick & Company (MKC)	10.8×
Lamb Weston (LW)	10.3×
J. M. Smucker (SJM)	9.0×
Dollar General (DG)	8.7×
Coca-Cola Europacific Partners (CCEP)	8.3×
Archer-Daniels-Midland (ADM)	7.3×
Molson Coors Beverage (TAP)	7.0×
Campbell Soup (CPB)	6.8×
Kraft Heinz (KHC)	6.6×
Conagra Brands (CAG)	6.4×
Albertsons Companies (ACI)	4.4×

P/FCF Ratio for General Mills (GIS) 2002-2026

P/FCF Ratio daily chart for General Mills (GIS)

Historical P/FCF Ratio for General Mills (GIS) from 2002 to 2026

About P/FCF Ratio at General Mills (GIS)

General Mills P/FCF Ratio by Year

General Mills P/FCF Ratio 2026: 11.1×

General Mills P/FCF Ratio 2025: 12.8×

General Mills P/FCF Ratio 2024: 15.3×

General Mills P/FCF Ratio 2023: 23.8×

General Mills P/FCF Ratio 2022: 15.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

General Mills (GIS) Key Financials