Question 1

What is General Mills's P/E ratio?

Accepted Answer

General Mills (GIS) P/E ratio is 8.5× as of June 30, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For General Mills specifically, the relevant sector benchmark is the current sector median of 22.6×.

Question 5

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

Accepted Answer

General Mills's P/E ratio of 8.5× is below its own 5-year average of 14.9× and below the sector median of 22.6×. That places the current reading at the 4th 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/E ratio range?

Accepted Answer

In the available daily series, General Mills (GIS) P/E ratio has ranged from a low of 7.9× in 2026 to a high of 36.5× in 2002. The 5-year average is 14.9× and the 5-year median is 15.5×.

Question 7

What was General Mills's P/E ratio in 2025?

Accepted Answer

General Mills (GIS) P/E ratio at the end of 2025 was 12.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	-$87.6M	—	—	May 31, 2026
2025	$29.3B	$2.3B	12.7×	-2.7×	May 25, 2025
2024	$38.7B	$2.5B	15.5×	-3.7×	May 26, 2024
2023	$49.7B	$2.59B	19.2×	+3.6×	May 31, 2023
2022	$42.3B	$2.71B	15.6×	-0.8×	May 31, 2022
2021	$38.4B	$2.34B	16.4×	-1.4×	May 31, 2021
2020	$38.8B	$2.18B	17.8×	+0.8×	May 31, 2020
2019	$29.8B	$1.75B	17.0×	+5.4×	May 31, 2019
2018	$24.8B	$2.13B	11.7×	-8.2×	May 31, 2018
2017	$32.9B	$1.66B	19.8×	-2.3×	May 31, 2017
2016	$37.6B	$1.7B	22.2×	-6.8×	May 31, 2016
2015	$35.4B	$1.22B	29.0×	+10.5×	May 31, 2015
2014	$33.8B	$1.82B	18.5×	+2.1×	May 31, 2014
2013	$30.5B	$1.86B	16.4×	+0.5×	May 31, 2013
2012	$24.9B	$1.57B	15.9×	+1.7×	May 31, 2012
2011	$25.5B	$1.8B	14.2×	-1.4×	May 31, 2011
2010	$23.9B	$1.53B	15.6×	+2.7×	May 31, 2010
2009	$16.8B	$1.3B	12.9×	-3.5×	May 31, 2009
2008	$21.3B	$1.29B	16.4×	-2.0×	May 31, 2008
2007	$21.1B	$1.14B	18.5×	+1.5×	May 31, 2007
2006	$18.5B	$1.09B	17.0×	+0.7×	May 31, 2006
2005	$20.1B	$1.24B	16.2×	-0.2×	May 31, 2005
2004	$17.4B	$1.06B	16.5×	-2.5×	May 31, 2004
2003	$17.4B	$917M	19.0×	-17.5×	May 31, 2003
2002	$16.7B	$458M	36.5×	—	May 31, 2002


Colgate-Palmolive (CL)	32.8×
Archer-Daniels-Midland (ADM)	32.5×
Tootsie Roll Industries (TR)	32.2×
Church & Dwight Co. (CHD)	30.1×
Mondelez International (MDLZ)	28.5×
Hormel Foods (HRL)	25.3×
Coca-Cola (KO)	24.1×
Sysco (SYY)	22.6×
Lamb Weston (LW)	21.9×
Marzetti (MZTI)	21.5×
Procter & Gamble (PG)	20.9×
Kenvue (KVUE)	20.4×
Keurig Dr Pepper (KDP)	19.5×
PepsiCo (PEP)	18.8×
Target (TGT)	17.0×
Clorox (CLX)	16.6×
Brown-Forman (BF-B)	16.5×
Dollar General (DG)	16.1×
Kimberly-Clark (KMB)	15.1×
Dollar Tree (DLTR)	14.5×
Altria Group (MO)	13.7×
Constellation Brands (STZ)	12.9×
Coca-Cola Europacific Partners (CCEP)	10.9×
Campbell Soup (CPB)	10.0×
McCormick & Company (MKC)	7.7×

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

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

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

About P/E Ratio at General Mills (GIS)

General Mills P/E Ratio by Year

General Mills P/E Ratio 2025: 12.7×

General Mills P/E Ratio 2024: 15.5×

General Mills P/E Ratio 2023: 19.2×

General Mills P/E Ratio 2022: 15.6×

General Mills P/E Ratio 2021: 16.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

General Mills (GIS) Key Financials