As of today (2023-12-05), General Mills's current share price is $64.64. General Mills's E10 for the quarter that ended in Aug. 2023 was $3.95. General Mills's Shiller PE Ratio for today is 16.36.
The historical rank and industry rank for General Mills's Shiller PE Ratio or its related term are showing as below:
GIS'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.21 Med: 20.89 Max: 29.46
Current: 16.36
During the past years, General Mills's highest Shiller PE Ratio was 29.46. The lowest was 13.21. And the median was 20.89.
GIS's Shiller PE Ratio is ranked better than 57.01% of 1063
companies
in the Consumer Packaged Goods industry
Industry Median: 18.58
vs GIS: 16.36
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
General Mills's adjusted earnings per share data for the three months ended in Aug. 2023 was $1.140. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.95 for the trailing ten years ended in Aug. 2023.
Shiller PE for Stocks: The True Measure of Stock Valuation
General Mills Shiller PE Ratio Historical Data
The historical data trend for General Mills's Shiller PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
General Mills Annual Data
Trend
May14
May15
May16
May17
May18
May19
May20
May21
May22
May23
Shiller PE Ratio
16.87
20.84
19.43
19.04
21.65
General Mills Quarterly Data
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Shiller PE Ratio
20.50
22.68
20.85
21.65
17.15
Competitive Comparison
For the Packaged Foods subindustry, General Mills's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
General Mills Shiller PE Ratio Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where General Mills's Shiller PE Ratio falls into.
General Mills Shiller PE Ratio Calculation
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
General Mills's Shiller PE Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
General Mills's E10 for the quarter that ended in Aug. 2023 is calculated as:
For example, General Mills's adjusted earnings per share data for the three months ended in Aug. 2023 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
General Mills (NYSE:GIS) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
General Mills Shiller PE Ratio Related Terms
Thank you for viewing the detailed overview of General Mills's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and super-premium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the foodservice channel and the commercial baking industry.
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