General Mills, Inc. (GIS) Stock Analysis

Over the past 10 years, General Mills (GIS) earnings per share (EPS) declined 10.6% a year, revenue grew 1.1% a year and free cash flow declined 2.2% a year, with an average return on invested capital (ROIC) of 8.7%. GIS stock trades at $32.56, a P/E of 9.7, below its historical average of 15.9. Analysts' average 12-month price target is $36.00 (+10.6%).

GIS General Mills, Inc.

General Mills, Inc. functions as a prominent global producer and vendor of well-known consumer food brands. The company structures its widespread operations into five main divisions: North American retail, convenience stores and foodservice providers, Europe and Australia, Asia and Latin America, and a dedicated pet.

Market Cap$17.41B Current P/E9.7 52wk High$49.71 52wk Low$31.18

Current Price $32.56
Margin of Safety Price

Exhibit A Growth Dossier

🔒
Metric10yr5yr1yrGrade
Book Value/Share GrowthBV/S 5.3%-2.5%-21.0% F
EPS GrowthEPS -10.6%-20.8%-19.2% F
Revenue GrowthRevenue 1.1%0.3%-4.5% F
Cash Flow GrowthCash Flow -2.2%-7.9%-26.3% F
ROICROIC 8.7%8.2%-0.9% C

Exhibit B Valuation Ledger

🔒
Current EPS
$3.36
Historical Avg P/E
15.9
Future P/E (used for sticker price)
Projected EPS (10yr)
Sticker Price (10yr)
Price for 15% Annual Return
Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.


Exhibit C Raw Data (last 10 years)

MetricTrend20162017201820192020202120222023202420252026TTM
Book Value / ShareBV/S$8.07$7.24$10.49$11.65$13.14$15.30$17.21$17.38$16.22$16.50$13.46$13.85
Basic EPSEPS$2.83$2.82$3.69$2.92$3.59$3.81$4.46$4.36$4.34$4.12-$0.16$3.36
RevenueRevenue$16,563,100,000$15,619,800,000$15,740,400,000$16,865,200,000$17,626,600,000$18,127,000,000$18,992,800,000$20,094,200,000$19,857,200,000$19,486,600,000$18,424,600,000$18,296,600,000
Free Cash FlowCash Flow$2,034,900,000$1,730,800,000$2,218,300,000$2,269,400,000$3,215,400,000$2,452,400,000$2,747,400,000$2,089,100,000$2,528,500,000$2,292,900,000$1,626,300,000$1,546,100,000
ROIC (%)ROIC10.4%9.8%8.9%8.1%9.3%9.4%11.2%10.8%10.6%9.6%-0.9%—

The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.


Ticker INVESTigator Price Target


Analyst Data

Price Target

Where the stock trades today vs. the range of 12-month price targets from covering analysts.

Current Price$32.56
High$43.00+32.1%
Average$36.00+10.6%
Low$30.00-7.9%

36 firms rate it — 8 buy, 22 hold, 6 sell · Most recent Sep 2026

raised
Barclays9/25/2026
$36.00→$37.00
lowered
Bernstein SocGen Group9/24/2026
$30.00
raised
Deutsche Bank9/24/2026
$33.00→$34.00
lowered
Evercore ISI9/14/2026
$39.00→$38.00
lowered
JefferiesMember Login9/10/2026
$35.00

GIS Stock FAQ

Is GIS stock undervalued?

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What is GIS's stock price target?

The average 12-month analyst price target for GIS is $36.00, with a range of $30.00 to $43.00. That is +10.6% from the current price of $32.56.

Do analysts rate GIS a buy?

Opinion is mixed. Of 36 firms covering General Mills, the ratings are 8 buy or strong buy, 22 hold and 6 sell or strong sell.

How fast is General Mills growing?

Annual growth rates for GIS. EPS: -10.6% over 10 years, -20.8% over 5 years, -19.2% over 1 year. Revenue: 1.1% over 10 years, 0.3% over 5 years, -4.5% over 1 year. Free cash flow: -2.2% over 10 years, -7.9% over 5 years, -26.3% over 1 year. Book value per share: 5.3% over 10 years, -2.5% over 5 years, -21.0% over 1 year.

What is GIS's ROIC?

General Mills' return on invested capital (ROIC) was -0.9% in fiscal 2026. Its 10-year average ROIC is 8.7%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.

What is GIS's P/E ratio?

GIS's current P/E ratio is 9.7, compared with a historical average of 15.9. Trailing earnings per share are $3.36.

What is General Mills' market cap and stock price?

GIS last traded at $32.56 as of October 19, 2026. Its 52-week range is $31.18 to $49.71. General Mills has a market cap of $17.41B.


Exhibit D Related Coverage


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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.

Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.