INGR (Ingredion) Cyclically Adjusted PS Ratio: 0.87 (As of Aug. 07, 2026) — 13% Below Median

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INGR Ingredion Inc INGR
72 GF Score
Price $104.33
GF Value $114.28
Valuation Fairly Valued
! 2 Warning Signs
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What is Ingredion Cyclically Adjusted PS Ratio?

Ingredion INGR +1.36% 72 Cyclically Adjusted PS Ratio is 0.87 as of Aug. 07, 2026, which is 13% below its 10-year median of 1.00. GuruFocus rates INGR with a GF Score™ of 72/100 and a GF Value™ of $114.28 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,447 Consumer Packaged Goods companies, Ingredion ranks worse than 53.49% on this metric.

As of today (2026-08-07), Ingredion's current share price is $104.33. Ingredion's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $119.30. Ingredion's Cyclically Adjusted PS Ratio for today is 0.87.

The historical rank and industry rank for Ingredion's Cyclically Adjusted PS Ratio or its related term are showing as below:

INGR' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.74   Med: 1   Max: 1.92
Current: 0.85

During the past years, Ingredion's highest Cyclically Adjusted PS Ratio was 1.92. The lowest was 0.74. And the median was 1.00.

INGR's Cyclically Adjusted PS Ratio is ranked worse than
53.49% of 1447 companies
in the Consumer Packaged Goods industry
Industry Median: 0.75 vs INGR: 0.85

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Ingredion's adjusted revenue per share data for the three months ended in Mar. 2026 was $28.000. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $119.30 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ingredion  (NYSE:INGR) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Ingredion Cyclically Adjusted PS Ratio Related Terms


Ingredion Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ingredion's Cyclically Adjusted PS 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.

Ingredion Cyclically Adjusted PS Ratio Chart

Ingredion Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.93 0.98 1.21 0.94

Ingredion Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.17 1.16 1.04 0.94 0.94

INGR vs CPB, LW, PPC: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, Ingredion's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Ingredion Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ingredion's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Ingredion's Cyclically Adjusted PS Ratio falls into.


INGR
72GF Score
Ingredion Inc INGR
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ingredion Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Ingredion's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=104.33/119.30
=0.87

* 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.

Ingredion's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Ingredion's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=28/330.2130*330.2130
=28.000

Current CPI (Mar. 2026) = 330.2130.

Ingredion Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 20.716 241.018 28.382
201609 21.117 241.428 28.883
201612 20.766 241.432 28.402
201703 21.058 243.801 28.522
201706 21.284 244.955 28.692
201709 21.705 246.819 29.039
201712 20.908 246.524 28.006
201803 21.481 249.554 28.424
201806 22.088 251.989 28.945
201809 21.739 252.439 28.437
201812 22.243 251.233 29.236
201903 22.789 254.202 29.603
201906 22.997 256.143 29.647
201909 23.353 256.759 30.034
201912 22.982 256.974 29.532
202003 22.758 258.115 29.115
202006 19.956 257.797 25.562
202009 22.219 260.280 28.189
202012 23.565 260.474 29.874
202103 23.982 264.877 29.898
202106 25.950 271.696 31.539
202109 26.080 274.310 31.395
202112 25.885 278.802 30.658
202203 27.988 287.504 32.146
202206 30.462 296.311 33.947
202209 30.375 296.808 33.794
202212 29.790 296.797 33.144
202303 31.848 301.836 34.842
202306 30.743 305.109 33.272
202309 30.343 307.789 32.554
202312 28.801 306.746 31.004
202403 28.174 312.332 29.787
202406 28.114 314.175 29.549
202409 28.120 315.301 29.450
202412 27.027 315.605 28.278
202503 27.637 319.799 28.537
202506 27.942 322.561 28.605
202509 27.768 324.800 28.231
202512 27.325 324.054 27.844
202603 28.000 330.213 28.000

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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.

What does a Cyclically Adjusted PS Ratio of 0.87 mean?
Ingredion (INGR) has a Cyclically Adjusted PS Ratio of 0.87 as of Aug. 07, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ingredion and its competitors. This is 13% below median its historical median of 1.00. Over the past decade, Ingredion's Cyclically Adjusted PS Ratio has ranged from 0.74 to 1.92. According to the industry distribution chart, Ingredion ranks #774 out of 1447 companies in the Consumer Packaged Goods industry, placing it in the top 53.5%.
Is Ingredion's Cyclically Adjusted PS Ratio too high?
Ingredion's current Cyclically Adjusted PS Ratio of 0.87 is 13% below median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.92. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.75. Ingredion's value of 0.87 is 16% above this industry median. Based on the distribution chart, Ingredion ranks #774 out of 1447 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Ingredion has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ingredion's Cyclically Adjusted PS Ratio compare to CPB and LW?
According to the Consumer Packaged Goods industry distribution chart, Ingredion ranks #774 out of 1447 companies for Cyclically Adjusted PS Ratio. This places Ingredion in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. Ingredion's value of 0.87 is 16% above this benchmark. Historically, Ingredion's own Cyclically Adjusted PS Ratio has ranged from 0.74 to 1.92 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 0.75, Ingredion has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.75, based on 1,447 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ingredion's current Cyclically Adjusted PS Ratio of 0.87 is 16% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ingredion and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ingredion's current Cyclically Adjusted PS Ratio is 0.87, which is 13% below median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ingredion stock overvalued right now?
Based on GuruFocus' analysis, Ingredion (INGR) is currently considered Fairly Valued. The stock's GF Value™ is $114.28, compared to a current price of $104.33 — trading 8.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.87, which is 13% below median its 10-year median of 1.00 and 16% above the Consumer Packaged Goods industry median of 0.75. Ingredion's overall GF Score™ is 72/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Ingredion (INGR), the current Cyclically Adjusted PS Ratio is 0.87 as of Aug. 07, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ingredion (INGR) Overvalued in 2026?

Based on GuruFocus' analysis, Ingredion stock appears to be undervalued. The current stock price of $104.33 is trading 8.7% below its estimated GF Value™ of $114.28. GuruFocus considers Ingredion to be Fairly Valued.

Key valuation signals for INGR:

  • Cyclically Adjusted PS Ratio: 0.87 (13% below median its 10-year median of 1.00)
  • GF Value™: $114.28 vs. price of $104.33 (8.7% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 16% above the Consumer Packaged Goods median (#774 of 1447)

No single metric tells the full story. See the INGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ingredion Business Description

Other Exchanges CNP:GermanyI2NG34:Brazil
Address 5 Westbrook Corporate Center, Westchester, IL, USA, 60154
Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company sells specialty ingredients that include starch-based texturizers and natural alternative sweeteners such as stevia. Ingredion also sells commodity ingredients that include sweeteners, such as high-fructose corn syrup, and starches, such as those used for sustainable packaging, as well as plant-based proteins. The company plans to acquire Tate & Lyle in an all-cash deal that should close in 2027.
72GF Score

Get the complete analysis for INGR

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$104.33
Price
$114.28
GF Value