General Mills, Inc. (GIS) P/E Ratio History
Deep ValueTrading at 8.2x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 1990–2026
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P/E Ratio Analysis
As of June 22, 2026, General Mills, Inc. (GIS) trades at a price-to-earnings ratio of 8.2x, with a stock price of $33.42 and trailing twelve-month earnings per share of $4.08.
The current P/E is 47% below its 5-year average of 15.3x. Over the past five years, GIS's P/E has ranged from a low of 9.5x to a high of 19.5x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Consumer Defensive sector median P/E of 18.9x, GIS trades at a 57% discount to its sector peers. The sector includes 151 companies with P/E ratios ranging from 0.0x to 193.7x.
The PEG ratio of 2.85 (P/E divided by -5% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, GIS trades at a notable discount to the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our GIS DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
GIS Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
GIS P/E vs Peers
Diversified packaged food brands peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $29B | 21.5 | 3.19 | +41%Best | |
| $6B | 10.5 | - | +6% | |
| $6B | 5.5Lowest | 0.78 | +0% | |
| $13B | 27.8 | - | -41% | |
| $12B | 15.9 | 15.07 | +0% | |
| $4B | 16.0 | 0.07Best | -2% | |
| $77B | 31.8 | - | -45% | |
| $35B | 39.8 | - | -60% | |
| $3B | 26.5 | 2.27 | +16% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
GIS Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Feb 22 2026 | $44.62 | $4.08 | 10.9x | -40% |
| FY2026 Q2 | Nov 23 2025 | $48.33 | $4.64 | 10.4x | -43% |
| FY2026 Q1 | Aug 24 2025 | $50.18 | $5.28 | 9.5x | -48% |
| FY2025 Q4 | May 25 2025 | $53.38 | $4.09 | 13.1x | -29% |
| FY2025 Q3 | Feb 23 2025 | $61.00 | $4.55 | 13.4x | -27% |
| FY2025 Q2 | Nov 24 2024 | $65.00 | $4.60 | 14.1x | -23% |
| FY2025 Q1 | Aug 25 2024 | $70.83 | $4.20 | 16.9x | -8% |
| FY2024 Q4 | May 26 2024 | $68.30 | $4.31 | 15.8x | -14% |
| FY2024 Q3 | Feb 25 2024 | $65.32 | $4.36 | 15.0x | -18% |
| FY2024 Q2 | Nov 26 2023 | $65.18 | $4.11 | 15.9x | -14% |
| FY2024 Q1 | Aug 27 2023 | $68.37 | $4.10 | 16.7x | -9% |
| FY2023 Q4 | May 31 2023 | $84.16 | $4.31 | 19.5x | +6% |
| FY2023 Q3 | Feb 26 2023 | $80.64 | $4.63 | 17.4x | -5% |
| FY2023 Q2 | Nov 27 2022 | $82.97 | $4.79 | 17.3x | -6% |
| FY2023 Q1 | Aug 28 2022 | $76.32 | $4.75 | 16.1x | -12% |
| FY2022 Q4 | - | $69.85 | $4.42 | 15.8x | -14% |
| FY2022 Q3 | Feb 27 2022 | $67.99 | $3.74 | 18.2x | -1% |
| FY2022 Q2 | Nov 28 2021 | $62.76 | $3.62 | 17.3x | -6% |
| FY2022 Q1 | Aug 29 2021 | $57.73 | $3.76 | 15.4x | -16% |
| FY2021 Q4 | May 31 2021 | $62.86 | $3.77 | 16.7x | -9% |
| FY2021 Q3 | Feb 28 2021 | $55.01 | $4.12 | 13.4x | -27% |
| FY2021 Q2 | Nov 29 2020 | $60.13 | $3.90 | 15.4x | -16% |
| FY2021 Q1 | Aug 30 2020 | $63.39 | $3.74 | 16.9x | -8% |
| FY2020 Q4 | May 31 2020 | $63.04 | $3.56 | 17.7x | -4% |
| FY2020 Q3 | Feb 23 2020 | $53.92 | $3.48 | 15.5x | -16% |
| FY2020 Q2 | Nov 24 2019 | $52.69 | $3.48 | 15.1x | -18% |
| FY2020 Q1 | Aug 25 2019 | $53.63 | $3.10 | 17.3x | -6% |
| FY2019 Q4 | May 31 2019 | $49.44 | $2.90 | 17.0x | -7% |
| FY2019 Q3 | Feb 24 2019 | $46.58 | $2.55 | 18.3x | -1% |
| FY2019 Q2 | Nov 25 2018 | $43.37 | $3.43 | 12.6x | -31% |
| FY2019 Q1 | Aug 26 2018 | $45.98 | $3.60 | 12.8x | -30% |
| FY2018 Q4 | - | $42.29 | $3.64 | 11.6x | -37% |
| FY2018 Q3 | Feb 25 2018 | $52.98 | $3.74 | 14.2x | -23% |
| FY2018 Q2 | Nov 26 2017 | $53.65 | $2.73 | 19.7x | +7% |
| FY2018 Q1 | Aug 27 2017 | $55.02 | $2.79 | 19.7x | +7% |
| FY2017 Q4 | May 31 2017 | $56.74 | $2.77 | 20.5x | +12% |
| FY2017 Q3 | Feb 26 2017 | $61.37 | $2.70 | 22.7x | +24% |
| FY2017 Q2 | Nov 27 2016 | $62.30 | $2.68 | 23.2x | +27% |
| FY2017 Q1 | Aug 28 2016 | $70.87 | $2.75 | 25.8x | +40% |
| FY2016 Q4 | - | $62.78 | $2.77 | 22.7x | +23% |
| FY2016 Q3 | Feb 28 2016 | $59.00 | $2.45 | 24.1x | +31% |
| FY2016 Q2 | Nov 29 2015 | $58.41 | $2.42 | 24.1x | +31% |
| FY2016 Q1 | Aug 30 2015 | $57.13 | $2.11 | 27.1x | +47% |
| FY2015 Q4 | May 31 2015 | $56.15 | $1.97 | 28.5x | +55% |
| FY2015 Q3 | Feb 22 2015 | $53.47 | $2.32 | 23.0x | +26% |
| FY2015 Q2 | Nov 23 2014 | $51.85 | $2.40 | 21.6x | +18% |
| FY2015 Q1 | Aug 24 2014 | $52.71 | $2.68 | 19.7x | +7% |
| FY2014 Q4 | May 31 2014 | $54.93 | $2.83 | 19.4x | +6% |
| FY2014 Q3 | Feb 23 2014 | $49.51 | $2.73 | 18.1x | -1% |
| FY2014 Q2 | Nov 24 2013 | $50.12 | $2.69 | 18.6x | +1% |
| FY2014 Q1 | Aug 25 2013 | $49.82 | $2.67 | 18.7x | +2% |
| FY2013 Q4 | May 31 2013 | $47.08 | $2.79 | 16.9x | -8% |
| FY2013 Q3 | Feb 24 2013 | $45.67 | $2.73 | 16.7x | -9% |
| FY2013 Q2 | Nov 25 2012 | $40.77 | $2.71 | 15.0x | -18% |
| FY2013 Q1 | Aug 26 2012 | $39.04 | $2.56 | 15.3x | -17% |
| FY2012 Q4 | - | $38.28 | $2.35 | 16.3x | -11% |
| FY2012 Q3 | Feb 26 2012 | $38.15 | $2.34 | 16.3x | -11% |
| FY2012 Q2 | Nov 27 2011 | $38.23 | $2.35 | 16.3x | -11% |
| FY2012 Q1 | Aug 28 2011 | $36.68 | $2.60 | 14.1x | -23% |
| FY2011 Q4 | - | $39.77 | $2.69 | 14.8x | -19% |
| FY2011 Q3 | Feb 27 2011 | $37.14 | $2.52 | 14.7x | -20% |
| FY2011 Q2 | Nov 28 2010 | $35.11 | $2.41 | 14.6x | -21% |
| FY2011 Q1 | Aug 29 2010 | $36.00 | $2.32 | 15.5x | -15% |
| FY2010 Q4 | May 31 2010 | $35.62 | $2.25 | 15.8x | -14% |
| FY2010 Q3 | Feb 28 2010 | $36.00 | $2.47 | 14.6x | -21% |
| FY2010 Q2 | Nov 29 2009 | $34.05 | $2.42 | 14.1x | -23% |
| FY2010 Q1 | Aug 30 2009 | $29.49 | $2.14 | 13.8x | -25% |
| FY2009 Q4 | May 31 2009 | $25.59 | $1.91 | 13.4x | -27% |
| FY2009 Q3 | Feb 22 2009 | $27.52 | $1.64 | 16.8x | -9% |
| FY2009 Q2 | Nov 23 2008 | $32.35 | $1.83 | 17.7x | -4% |
| FY2009 Q1 | Aug 24 2008 | $33.73 | $1.85 | 18.2x | -1% |
| FY2008 Q4 | May 31 2008 | $31.60 | $1.86 | 17.0x | -7% |
| FY2008 Q3 | Feb 24 2008 | $28.45 | $1.91 | 14.9x | -19% |
| FY2008 Q2 | Nov 25 2007 | $28.55 | $1.66 | 17.2x | -6% |
| FY2008 Q1 | Aug 26 2007 | $28.66 | $1.63 | 17.6x | -4% |
| FY2007 Q4 | - | $30.62 | $1.59 | 19.3x | +5% |
| FY2007 Q3 | Feb 25 2007 | $28.59 | $1.44 | 19.9x | +8% |
| FY2007 Q2 | Nov 26 2006 | $28.32 | $1.41 | 20.1x | +9% |
| FY2007 Q1 | Aug 27 2006 | $27.06 | $1.36 | 19.9x | +8% |
| FY2006 Q4 | May 31 2006 | $25.95 | $1.31 | 19.8x | +8% |
| FY2006 Q3 | Feb 26 2006 | $24.82 | $1.72 | 14.4x | -21% |
| FY2006 Q2 | Nov 27 2005 | $24.05 | $1.67 | 14.4x | -22% |
| FY2006 Q1 | Aug 28 2005 | $23.45 | $1.64 | 14.3x | -22% |
| FY2005 Q4 | - | $24.75 | $1.55 | 16.0x | -13% |
| FY2005 Q3 | Feb 27 2005 | $26.02 | $1.34 | 19.4x | +6% |
| FY2005 Q2 | Nov 28 2004 | $22.48 | $1.35 | 16.7x | -9% |
| FY2005 Q1 | Aug 29 2004 | $23.60 | $1.30 | 18.2x | -1% |
| FY2004 Q4 | May 31 2004 | $23.03 | $1.37 | 16.8x | -8% |
| FY2004 Q3 | Feb 22 2004 | $22.55 | $1.31 | 17.2x | -6% |
| FY2004 Q2 | Nov 23 2003 | $22.21 | $1.33 | 16.7x | -9% |
| FY2004 Q1 | Aug 24 2003 | $23.13 | $1.29 | 17.9x | -2% |
| FY2003 Q4 | May 31 2003 | $23.39 | $1.23 | 19.0x | +4% |
| FY2003 Q3 | Feb 23 2003 | $22.03 | $1.01 | 21.9x | +19% |
| FY2003 Q2 | Nov 24 2002 | $22.98 | $0.80 | 28.9x | +57% |
| FY2003 Q1 | Aug 25 2002 | $20.86 | $0.64 | 32.8x | +79% |
| FY2002 Q4 | May 31 2002 | $22.75 | $0.72 | 31.8x | +73% |
| FY2002 Q3 | Feb 24 2002 | $23.64 | $0.89 | 26.6x | +45% |
| FY2002 Q2 | Nov 25 2001 | $24.30 | $1.05 | 23.1x | +26% |
| FY2002 Q1 | Aug 26 2001 | $22.43 | $1.19 | 18.8x | +3% |
| FY2001 Q4 | - | $21.18 | $1.15 | 18.4x | +0% |
| FY2001 Q3 | Feb 25 2001 | $21.74 | $1.08 | 20.1x | +10% |
| FY2001 Q2 | Nov 26 2000 | $20.63 | $1.06 | 19.5x | +6% |
| FY2001 Q1 | Aug 27 2000 | $16.16 | $1.02 | 15.8x | -14% |
| FY2000 Q4 | May 31 2000 | $19.84 | $0.99 | 20.0x | +9% |
| FY2000 Q3 | Feb 27 2000 | $16.50 | $0.98 | 16.8x | -8% |
| FY2000 Q2 | Nov 28 1999 | $18.94 | $0.96 | 19.7x | +7% |
| FY2000 Q1 | Aug 29 1999 | $21.47 | $0.88 | 24.4x | +33% |
| FY1999 Q4 | May 31 1999 | $20.09 | $0.86 | 23.4x | +27% |
| FY1999 Q3 | Feb 28 1999 | $20.16 | $0.83 | 24.3x | +32% |
| FY1999 Q2 | Nov 29 1998 | $18.75 | $0.81 | 23.1x | +26% |
| FY1999 Q1 | Aug 30 1998 | $16.52 | $0.68 | 24.3x | +32% |
| FY1998 Q4 | May 31 1998 | $17.06 | $0.66 | 25.8x | +41% |
| FY1998 Q3 | Feb 22 1998 | $18.31 | $0.62 | 29.5x | +61% |
| FY1998 Q2 | Nov 23 1997 | $18.45 | $0.60 | 30.8x | +67% |
| FY1998 Q1 | Aug 24 1997 | $16.52 | $0.75 | 22.0x | +20% |
| FY1997 Q4 | May 31 1997 | $15.81 | $0.70 | 22.6x | +23% |
| FY1997 Q3 | Feb 23 1997 | $16.94 | $0.72 | 23.5x | +28% |
| FY1997 Q2 | Nov 24 1996 | $15.06 | $0.72 | 20.9x | +14% |
| FY1997 Q1 | Aug 25 1996 | $13.94 | $0.70 | 19.9x | +8% |
| FY1996 Q4 | May 31 1996 | $14.34 | $0.76 | 18.9x | +3% |
| FY1996 Q3 | Feb 25 1996 | $14.72 | $0.74 | 19.9x | +9% |
| FY1996 Q2 | Nov 26 1995 | $13.72 | $0.56 | 24.6x | +34% |
| FY1996 Q1 | Aug 27 1995 | $13.09 | $0.57 | 23.0x | +26% |
| FY1995 Q4 | May 31 1995 | $12.97 | $0.59 | 22.1x | +20% |
| FY1995 Q3 | Feb 26 1995 | $12.68 | $0.52 | 24.4x | +33% |
| FY1995 Q2 | Nov 27 1994 | $11.39 | $0.74 | 15.4x | -16% |
| FY1995 Q1 | Aug 28 1994 | $11.39 | $0.72 | 15.8x | -14% |
| FY1994 Q4 | - | $11.31 | $0.74 | 15.3x | -17% |
| FY1994 Q3 | Feb 27 1994 | $11.49 | $0.81 | 14.2x | -23% |
| FY1994 Q2 | Nov 28 1993 | $12.66 | $0.80 | 15.8x | -14% |
| FY1994 Q1 | - | $12.91 | $0.80 | 16.1x | -12% |
| FY1993 Q4 | May 31 1993 | $13.48 | $0.79 | 17.1x | -7% |
| FY1993 Q3 | Feb 28 1993 | $14.28 | $0.83 | 17.2x | -6% |
| FY1993 Q2 | Nov 30 1992 | $14.46 | $0.81 | 17.9x | -3% |
| FY1993 Q1 | Aug 31 1992 | $14.36 | $0.79 | 18.2x | -1% |
| FY1992 Q4 | May 31 1992 | $13.12 | $0.76 | 17.3x | -6% |
| FY1992 Q3 | Feb 29 1992 | $14.26 | $0.76 | 18.8x | +2% |
| FY1992 Q2 | Nov 30 1991 | $13.46 | $0.77 | 17.5x | -5% |
| FY1992 Q1 | Aug 31 1991 | $13.30 | $0.75 | 17.7x | -3% |
| FY1991 Q4 | May 31 1991 | $12.14 | $0.73 | 16.6x | -9% |
| FY1991 Q3 | - | $11.13 | $0.71 | 15.7x | -15% |
| FY1991 Q2 | Nov 30 1990 | $9.79 | $0.66 | 14.8x | -19% |
| FY1991 Q1 | Aug 31 1990 | $8.99 | $0.62 | 14.5x | -21% |
| FY1990 Q4 | - | $8.33 | $0.60 | 13.9x | -24% |
| FY1990 Q3 | Feb 28 1990 | $6.64 | $0.53 | 12.5x | -32% |
Average P/E for displayed period: 18.4x
Full Stock Analysis
Deep dive into GIS consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
36+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
GIS — Frequently Asked Questions
Quick answers to the most common questions about buying GIS stock.
What is GIS's P/E ratio?
General Mills, Inc. (GIS) trailing twelve-month P/E ratio is 8.2x, based on TTM diluted EPS of $4.08. The 5-year average P/E is 15.3x and the historical range spans 9.5x to 19.5x.
Is GIS stock overvalued or undervalued?
GIS trades at 8.2x P/E, below its 5-year average of 15.3x. At the 0th percentile of its historical range (9.5x–19.5x), the stock is priced at a discount to its own history.
Is GIS stock expensive?
No, GIS is not expensive on a historical basis. The current P/E of 8.2x is below the 5-year average of 15.3x and sits at the 0th percentile of its valuation range.
What is GIS's historical P/E range?
Over the past 5 years, GIS's P/E ratio has ranged from 9.5x to 19.5x, with a median of 15.9x and an average of 15.3x. The current P/E of 8.2x places the stock at the 0th percentile of this range. Full historical data spans 1990–2026.
How does GIS's P/E compare to the S&P 500?
GIS trades at 8.2x P/E versus the S&P 500 median of 24.4x. The 66% discount to the market suggests lower growth expectations or perceived higher risk.
How does GIS's valuation compare to Consumer Defensive peers?
General Mills, Inc. P/E of 8.2x compares to the Consumer Defensive sector median of 18.9x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is GIS's PEG ratio?
GIS PEG ratio is 2.85, based on a P/E of 8.2x and EPS growth of -4.9%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is GIS's earnings yield?
GIS earnings yield is 12.27%, the inverse of its 8.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.