Ingredion (MEX:INGR) Cyclically Adjusted Revenue per Share: MXN2,483.21 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:INGR Ingredion Inc MEX:INGR
79 GF Score
Price MXN2,345.00
GF Value MXN2,691.53
! 1 Warning Sign
View Full Analysis

What is Ingredion Cyclically Adjusted Revenue per Share?

Ingredion MEX:INGR 79 Cyclically Adjusted Revenue per Share is MXN2,483.21 as of Mar. 2026. GuruFocus rates MEX:INGR with a GF Score™ of 79/100 and a GF Value™ of MXN2,691.53. The stock has 1 warning sign investors should review.

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Mar. 2026 was MXN504.916. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is MXN2,483.21 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ingredion's average Cyclically Adjusted Revenue Growth Rate was 3.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Ingredion was 12.90% per year. The lowest was 3.40% per year. And the median was 6.95% per year.

As of today (2026-07-14), Ingredion's current stock price is MXN2345.00. Ingredion's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN2,483.21. Ingredion's Cyclically Adjusted PS Ratio of today is 0.94.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ingredion was 1.92. The lowest was 0.74. And the median was 1.00.


Ingredion  (MEX:INGR) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=2345.00/2483.21
=0.94

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ingredion was 1.92. The lowest was 0.74. And the median was 1.00.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Ingredion Cyclically Adjusted Revenue per Share Related Terms


Ingredion Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Ingredion's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Ingredion Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,052.28 2,022.92 1,714.64 2,504.49 2,487.92

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 Revenue per Share 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 2,292.51 2,227.70 2,252.63 2,487.92 2,483.21

MEX:INGR vs LW, CAG, CPB: Cyclically Adjusted Revenue per Share 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.


MEX:INGR
79GF Score
Ingredion Inc MEX:INGR
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ingredion Cyclically Adjusted Revenue per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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)
=504.916/330.2130*330.2130
=504.916

Current CPI (Mar. 2026) = 330.2130.

Ingredion Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 383.115 241.018 524.897
201609 408.310 241.428 558.466
201612 428.135 241.432 585.572
201703 396.508 243.801 537.045
201706 384.732 244.955 518.640
201709 393.908 246.819 527.000
201712 410.620 246.524 550.016
201803 390.258 249.554 516.394
201806 434.016 251.989 568.746
201809 406.619 252.439 531.894
201812 436.744 251.233 574.043
201903 442.067 254.202 574.253
201906 441.748 256.143 569.490
201909 461.037 256.759 592.931
201912 433.444 256.974 556.978
202003 533.632 258.115 682.689
202006 460.618 257.797 590.007
202009 490.838 260.280 622.718
202012 468.757 260.474 594.261
202103 490.220 264.877 611.140
202106 516.559 271.696 627.814
202109 536.255 274.310 645.541
202112 531.004 278.802 628.921
202203 557.272 287.504 640.055
202206 612.834 296.311 682.951
202209 611.001 296.808 679.768
202212 580.788 296.797 646.178
202303 574.060 301.836 628.030
202306 527.054 305.109 570.419
202309 528.547 307.789 567.054
202312 488.869 306.746 526.269
202403 467.577 312.332 494.346
202406 515.047 314.175 541.339
202409 553.697 315.301 579.884
202412 563.668 315.605 589.758
202503 565.407 319.799 583.819
202506 526.127 322.561 538.608
202509 509.374 324.800 517.863
202512 492.006 324.054 501.357
202603 504.916 330.213 504.916

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

What does a Cyclically Adjusted Revenue per Share of MXN2,483.21 mean?
Ingredion (MEX:INGR) has a Cyclically Adjusted Revenue per Share of MXN2,483.21 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ingredion and its competitors.
Is Ingredion's Cyclically Adjusted Revenue per Share too high?
Ingredion's current Cyclically Adjusted Revenue per Share is MXN2,483.21. Overall, Ingredion has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Ingredion's Cyclically Adjusted Revenue per Share compare to LW and CAG?
Ingredion's Cyclically Adjusted Revenue per Share of MXN2,483.21 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Consumer Packaged Goods company?
A good Cyclically Adjusted Revenue per Share depends on the Consumer Packaged Goods industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ingredion and its competitors. Ingredion's current Cyclically Adjusted Revenue per Share is MXN2,483.21. 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?
Ingredion (MEX:INGR) has a current Cyclically Adjusted Revenue per Share of MXN2,483.21. The stock's GF Value™ is MXN2,691.53, compared to a current price of MXN2,345.00 — trading 12.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN2,483.21. Ingredion's overall GF Score™ is 79/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Ingredion (MEX:INGR), the current Cyclically Adjusted Revenue per Share is MXN2,483.21 as of Mar. 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 (MEX:INGR) Overvalued in 2026?

Based on GuruFocus' analysis, Ingredion stock appears to be undervalued. The current stock price of MXN2,345.00 is trading 12.9% below its estimated GF Value™ of MXN2,691.53.

Key valuation signals for MEX:INGR:

  • Cyclically Adjusted Revenue per Share: MXN2,483.21
  • GF Value™: MXN2,691.53 vs. price of MXN2,345.00 (12.9% below fair value)
  • GF Score™: 79/100 with 1 warning sign

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


Ingredion Business Description

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.
79GF Score

Get the complete analysis for MEX:INGR

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

MXN2,345.00
Price
MXN2,691.53
GF Value