Conagra Brands, Inc. (CAG) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Packaged Foods
EV/EBITDA
↓
8.53
↓-43% vs avg
5yr avg: 14.92
30Y Low6.1·High29.7
P/FCF
↓
5.17
↓-70% vs avg
5yr avg: 17.07
30Y Low5.5·High101.1
P/B Ratio
↓
0.75
↓-57% vs avg
5yr avg: 1.75
30Y Low1.2·High4.1
ROE
↓
12.9%
↓+27% vs avg
5yr avg: 10.2%
30Y Low-16%·High22%
Debt/EBITDA
↑
4.74
↓-15% vs avg
5yr avg: 5.54
30Y Low1.7·High8.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CAG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Conagra Brands, Inc. trades at 5.8x earnings, 73% below its 5-year average of 21.6x, sitting at the 0th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a discount of 70%. On a free-cash-flow basis, the stock trades at 5.2x P/FCF, 70% below the 5-year average of 17.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.7B | $10.7B | $14.5B | $16.7B | $16.0B | $18.6B | $17.0B | $11.9B | $15.1B | $16.8B | $15.5B |
| Enterprise Value | $15.0B | $19.0B | $23.1B | $26.1B | $25.1B | $27.7B | $26.4B | $22.7B | $18.8B | $19.5B | $20.3B |
| P/E Ratio → | 5.84 | 9.29 | 42.06 | 24.54 | 18.02 | 14.32 | 20.23 | 17.61 | 18.72 | 26.40 | — |
| P/S Ratio | 0.58 | 0.92 | 1.21 | 1.36 | 1.39 | 1.66 | 1.54 | 1.25 | 1.90 | 2.15 | 1.79 |
| P/B Ratio | 0.75 | 1.20 | 1.71 | 1.90 | 1.80 | 2.15 | 2.14 | 1.60 | 4.02 | 4.12 | 4.09 |
| P/FCF | 5.17 | 8.23 | 8.93 | 26.45 | 22.42 | 19.33 | 11.54 | 15.44 | 21.49 | 18.00 | 20.22 |
| P/OCF | 3.98 | 6.33 | 7.21 | 16.82 | 13.58 | 12.66 | 9.23 | 10.60 | 15.82 | 14.29 | 12.85 |
P/E links to full P/E history page with 30-year chart
CAG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Conagra Brands, Inc.'s enterprise value stands at 8.5x EBITDA, 43% below its 5-year average of 14.9x. The Consumer Defensive sector median is 11.4x, placing the stock at a 25% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.63 | 1.91 | 2.12 | 2.17 | 2.48 | 2.39 | 2.38 | 2.37 | 2.50 | 2.34 |
| EV / EBITDA | 8.53 | 10.80 | 18.40 | 18.04 | 14.57 | 12.80 | 14.40 | 15.01 | 15.52 | 17.18 | 29.70 |
| EV / EBIT | 10.97 | 12.03 | 22.05 | 19.82 | 16.07 | 15.11 | 18.11 | 18.59 | 18.11 | 21.05 | 50.00 |
| EV / FCF | — | 14.55 | 14.18 | 41.18 | 35.18 | 28.80 | 17.95 | 29.40 | 26.74 | 20.94 | 26.44 |
CAG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Conagra Brands, Inc. earns an operating margin of 11.8%, above the Consumer Defensive sector average of 1.4%. Operating margins have expanded from 8.8% to 11.8% over the past 3 years, signaling improving operational efficiency. ROE of 12.9% is modest. ROIC of 6.0% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.9% | 25.9% | 27.7% | 26.6% | 24.6% | 28.4% | 27.8% | 27.8% | 29.6% | 29.9% | 28.0% |
| Operating Margin | 11.8% | 11.8% | 7.1% | 8.8% | 11.7% | 15.9% | 13.1% | 12.4% | 12.0% | 11.1% | 4.7% |
| Net Profit Margin | 9.9% | 9.9% | 2.9% | 5.6% | 7.7% | 11.6% | 7.6% | 7.1% | 10.2% | 8.2% | -7.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.9% | 13.2% | 4.0% | 7.7% | 10.2% | 15.7% | 10.9% | 12.1% | 20.6% | 16.2% | -16.1% |
| ROA | 5.5% | 5.5% | 1.6% | 3.1% | 4.0% | 5.8% | 3.8% | 4.2% | 7.9% | 5.4% | -4.4% |
| ROIC | 6.0% | 6.0% | 3.6% | 4.5% | 5.7% | 7.6% | 6.1% | 6.9% | 10.0% | 8.5% | 2.9% |
| ROCE | 8.2% | 8.0% | 4.8% | 5.9% | 7.1% | 9.4% | 7.4% | 8.4% | 11.6% | 9.0% | 3.2% |
CAG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Conagra Brands, Inc. carries a Debt/EBITDA ratio of 4.7x, which is highly leveraged (39% above the sector average of 3.4x). Net debt stands at $8.2B ($8.3B total debt minus $68M cash). Interest coverage of 3.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.93 | 0.93 | 1.01 | 1.07 | 1.04 | 1.06 | 1.26 | 1.48 | 1.02 | 0.73 | 1.47 |
| Debt / EBITDA | 4.74 | 4.74 | 6.87 | 6.52 | 5.33 | 4.25 | 5.45 | 7.28 | 3.15 | 2.63 | 8.16 |
| Net Debt / Equity | — | 0.92 | 1.00 | 1.06 | 1.03 | 1.06 | 1.19 | 1.44 | 0.98 | 0.67 | 1.26 |
| Net Debt / EBITDA | 4.70 | 4.70 | 6.81 | 6.45 | 5.28 | 4.21 | 5.14 | 7.13 | 3.05 | 2.41 | 7.00 |
| Debt / FCF | — | 6.33 | 5.24 | 14.73 | 12.76 | 9.47 | 6.41 | 13.96 | 5.25 | 2.94 | 6.23 |
| Interest Coverage | 3.27 | 3.27 | 1.96 | 2.60 | 3.52 | 4.21 | 2.95 | 2.96 | 5.87 | 4.37 | 1.36 |
CAG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.71x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.24x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 0.76x to 0.71x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.71 | 0.71 | 0.97 | 0.76 | 0.86 | 0.82 | 0.88 | 1.28 | 0.83 | 1.17 | 1.41 |
| Quick Ratio | 0.24 | 0.24 | 0.33 | 0.26 | 0.30 | 0.30 | 0.46 | 0.55 | 0.41 | 0.63 | 1.00 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.17 | 0.11 | 0.05 | 0.15 | 0.32 |
| Asset Turnover | — | 0.55 | 0.58 | 0.56 | 0.51 | 0.50 | 0.50 | 0.43 | 0.76 | 0.78 | 0.65 |
| Inventory Turnover | 4.20 | 4.20 | 4.19 | 4.07 | 4.42 | 4.68 | 5.85 | 4.45 | 5.65 | 5.91 | 5.97 |
| Days Sales Outstanding | — | 24.20 | 26.41 | 28.33 | 27.44 | 25.91 | 28.42 | 31.31 | 26.18 | 26.27 | 27.39 |
CAG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Conagra Brands, Inc. returns 10.9% to shareholders annually — split between a 9.9% dividend yield and 1.0% buyback yield. A payout ratio of 58.1% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 17.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 9.9% | 6.2% | 4.5% | 3.7% | 3.6% | 2.6% | 2.4% | 3.0% | 2.3% | 2.5% | 2.8% |
| Payout Ratio | 58.1% | 58.1% | 189.9% | 91.3% | 65.5% | 36.5% | 49.2% | 52.5% | 42.3% | 64.9% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 17.1% | 10.8% | 2.4% | 4.1% | 5.6% | 7.0% | 4.9% | 5.7% | 5.3% | 3.8% | — |
| FCF Yield | 19.4% | 12.2% | 11.2% | 3.8% | 4.5% | 5.2% | 8.7% | 6.5% | 4.7% | 5.6% | 4.9% |
| Buyback Yield | 1.0% | 0.6% | 0.0% | 0.9% | 0.3% | 1.6% | 0.0% | 0.0% | 6.4% | 6.0% | 0.0% |
| Total Shareholder Yield | 10.9% | 6.8% | 4.5% | 4.6% | 4.0% | 4.2% | 2.4% | 3.0% | 8.7% | 8.4% | 2.8% |
| Shares Outstanding | — | $478M | $480M | $481M | $482M | $488M | $489M | $446M | $407M | $436M | $439M |
Peer Comparison
Compare CAG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CAGYou | $7B | 5.8 | 8.5 | 5.2 | 25.9% | 11.8% | 12.9% | 6.0% | 4.7 |
 CPB | $6B | 10.4 | 7.5 | 8.9 | 30.4% | 13.2% | 15.6% | 9.1% | 4.0 |
 SJM | $10B | -8.4 | — | 12.6 | 38.8% | -7.7% | -17.9% | -3.4% | — |
 HRL | $11B | 23.8 | 13.8 | 21.3 | 15.6% | 5.9% | 6.0% | 5.3% | 2.9 |
 MKC | $12B | 16.5 | 12.2 | 16.6 | 37.9% | 16.0% | 14.2% | 8.5% | 3.0 |
 GIS | $19B | 8.6 | 8.8 | 8.2 | 34.6% | 17.0% | 24.3% | 10.6% | 4.0 |
 K | $29B | 21.5 | 15.5 | 25.6 | 36.9% | 14.7% | 37.0% | 14.7% | 2.8 |
 KHC | $27B | -4.7 | — | 7.5 | 33.3% | -18.7% | -12.8% | -5.5% | — |
 HSY | $38B | 43.0 | 29.2 | 21.6 | 33.3% | 12.1% | 18.9% | 11.5% | 3.7 |
 MDLZ | $79B | 32.7 | 20.0 | 24.6 | 28.0% | 9.4% | 9.3% | 6.0% | 4.5 |
 POST | $5B | 18.8 | 9.1 | 10.2 | 26.4% | 10.4% | 8.5% | 5.9% | 5.6 |
| Consumer Defensive Median | — | 19.6 | 11.4 | 15.7 | 40.1% | 1.4% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonCAG — Frequently Asked Questions
Quick answers to the most common questions about buying CAG stock.
What is Conagra Brands, Inc.'s P/E ratio?
Conagra Brands, Inc.'s current P/E ratio is 5.8x. The historical average is 18.8x.
What is Conagra Brands, Inc.'s EV/EBITDA?
Conagra Brands, Inc.'s current EV/EBITDA is 8.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
What is Conagra Brands, Inc.'s ROE?
Conagra Brands, Inc.'s return on equity (ROE) is 12.9%. The historical average is 12.5%.
Is CAG stock overvalued?
Based on historical data, Conagra Brands, Inc. is trading at a P/E of 5.8x. Compare with industry peers and growth rates for a complete picture.
What is Conagra Brands, Inc.'s dividend yield?
Conagra Brands, Inc.'s current dividend yield is 9.94% with a payout ratio of 58.1%.
What are Conagra Brands, Inc.'s profit margins?
Conagra Brands, Inc. has 25.9% gross margin and 11.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Conagra Brands, Inc. have?
Conagra Brands, Inc.'s Debt/EBITDA ratio is 4.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.