Question 1

What is Hormel Foods's P/B ratio?

Accepted Answer

Hormel Foods (HRL) P/B ratio is 1.7× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Hormel Foods?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Hormel Foods specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Hormel Foods's P/B ratio high or low?

Accepted Answer

Hormel Foods's P/B ratio of 1.7× is below its own 5-year average of 2.6× and below the sector median of 3.4×. That places the current reading at the 17th 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 Hormel Foods's historical P/B ratio range?

Accepted Answer

In the available daily series, Hormel Foods (HRL) P/B ratio has ranged from a low of 1.4× in 2026 to a high of 4.8× in 2016. The 5-year average is 2.6× and the 5-year median is 2.4×.

Question 7

What was Hormel Foods's P/B ratio in 2025?

Accepted Answer

Hormel Foods (HRL) P/B ratio at the end of 2025 was 1.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Hormel Foods's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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.


2025	$13.1B	$7.9B	1.7×	-0.4×	Oct 26, 2025
2024	$16.8B	$7.99B	2.1×	-0.2×	Oct 31, 2024
2023	$17.8B	$7.73B	2.3×	-1.1×	Oct 31, 2023
2022	$25.4B	$7.54B	3.4×	+0.0×	Oct 31, 2022
2021	$23.3B	$6.97B	3.3×	-0.7×	Oct 31, 2021
2020	$26.3B	$6.43B	4.1×	+0.4×	Oct 31, 2020
2019	$21.8B	$5.92B	3.7×	-0.5×	Oct 31, 2019
2018	$23.3B	$5.6B	4.2×	+0.8×	Oct 31, 2018
2017	$16.5B	$4.94B	3.3×	-1.2×	Oct 31, 2017
2016	$20.4B	$4.45B	4.6×	+0.1×	Oct 31, 2016
2015	$17.9B	$4B	4.5×	+0.5×	Oct 31, 2015
2014	$14.2B	$3.61B	3.9×	+0.5×	Oct 31, 2014
2013	$11.5B	$3.31B	3.5×	+0.7×	Oct 31, 2013
2012	$7.77B	$2.82B	2.8×	-0.2×	Oct 31, 2012
2011	$7.81B	$2.66B	2.9×	+0.4×	Oct 31, 2011
2010	$6.08B	$2.4B	2.5×	+0.2×	Oct 31, 2010
2009	$4.89B	$2.12B	2.3×	+0.4×	Oct 31, 2009
2008	$3.8B	$2.01B	1.9×	-0.7×	Oct 31, 2008
2007	$4.97B	$1.88B	2.6×	-0.1×	Oct 31, 2007
2006	$4.97B	$1.8B	2.8×	+0.0×	Oct 31, 2006
2005	$4.38B	$1.6B	2.7×	+0.0×	Oct 31, 2005
2004	$3.82B	$1.4B	2.7×	-0.0×	Oct 31, 2004
2003	$3.42B	$1.25B	2.7×	-0.3×	Oct 31, 2003
2002	$3.35B	$1.12B	3.0×	—	Oct 31, 2002


Church & Dwight Co. (CHD)	5.3×
Albertsons Companies (ACI)	5.0×
Coca-Cola Europacific Partners (CCEP)	4.4×
Marzetti (MZTI)	3.6×
Lamb Weston (LW)	3.6×
Target (TGT)	3.6×
Tootsie Roll Industries (TR)	3.4×
Kenvue (KVUE)	3.1×
Brown-Forman (BF-B)	2.9×
Mondelez International (MDLZ)	2.9×
Dollar General (DG)	2.9×
Constellation Brands (STZ)	2.8×
Performance Food Group (PFGC)	2.7×
General Mills (GIS)	2.5×
J. M. Smucker (SJM)	1.9×
McCormick & Company (MKC)	1.8×
Archer-Daniels-Midland (ADM)	1.5×
Bunge Global S.A. (BG)	1.5×
Campbell Soup (CPB)	1.5×
Keurig Dr Pepper (KDP)	1.4×
Tyson Foods (TSN)	1.2×
Conagra Brands (CAG)	1.0×
Universal Corporation (UVV)	0.9×
Molson Coors Beverage (TAP)	0.8×
Kraft Heinz (KHC)	0.6×

P/B Ratio for Hormel Foods (HRL) 2002-2026

P/B Ratio daily chart for Hormel Foods (HRL)

Historical P/B Ratio for Hormel Foods (HRL) from 2002 to 2025

About P/B Ratio at Hormel Foods (HRL)

Hormel Foods P/B Ratio by Year

Hormel Foods P/B Ratio 2025: 1.7×

Hormel Foods P/B Ratio 2024: 2.1×

Hormel Foods P/B Ratio 2023: 2.3×

Hormel Foods P/B Ratio 2022: 3.4×

Hormel Foods P/B Ratio 2021: 3.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Hormel Foods (HRL) Key Financials