P/E ratio for General Mills (GIS)
P/E ratio as of June 2024 (TTM): 16.1
According to General Mills's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.099. At the end of 2022 the company had a P/E ratio of 17.4.
P/E ratio history for General Mills from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.4 | -5.69% |
| 2021 | 18.4 | 23.34% |
| 2020 | 14.9 | -2.2% |
| 2019 | 15.3 | 35.59% |
| 2018 | 11.3 | -47.42% |
| 2017 | 21.4 | -5.05% |
| 2016 | 22.5 | -3.43% |
| 2015 | 23.3 | 7.68% |
| 2014 | 21.7 | 19.88% |
| 2013 | 18.1 | 24.82% |
| 2012 | 14.5 | -12.88% |
| 2011 | 16.6 | 17.28% |
| 2010 | 14.2 | -0.48% |
| 2009 | 14.2 | -11.11% |
| 2008 | 16.0 | -2.7% |
| 2007 | 16.5 | -8.48% |
| 2006 | 18.0 | 31.39% |
| 2005 | 13.7 | -21.45% |
| 2004 | 17.4 | 3.57% |
| 2003 | 16.8 | -43.33% |
| 2002 | 29.7 | 22.84% |
| 2001 | 24.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Conagra Brands
CAG | 12.8 | -20.21% | 🇺🇸 USA |
 Kellogg's K | 23.5 | 45.69% | 🇺🇸 USA |
 J.M. Smucker Company SJM | -720 | -4,570.26% | 🇺🇸 USA |
 Mondelez MDLZ | 20.2 | 25.51% | 🇺🇸 USA |
 Hain Celestial HAIN | -5.55 | -134.50% | 🇺🇸 USA |
 Post Holdings
POST | 18.7 | 16.08% | 🇺🇸 USA |
 TreeHouse Foods
THS | -26.1 | -262.37% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.