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Conagra BrandsCAG +2.87%58 Debt-to-Equity is 1.14 as of May. 2026, which is 8% above its 10-year median of 1.06. GuruFocus rates CAG with a GF Score™ of 58/100 and a GF Value™ of $24.75 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,747 Consumer Packaged Goods companies, Conagra Brands ranks worse than 82.26% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Conagra Brands's Debt-to-Equity or its related term are showing as below:
CAG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.06 Max: 1.45
Current: 1.14
During the past 13 years, the highest Debt-to-Equity Ratio of Conagra Brands was 1.45. The lowest was 0.75. And the median was 1.06.
CAG's Debt-to-Equity is ranked worse than 82.26% of 1747
companies
in the Consumer Packaged Goods industry
Industry Median: 0.41
vs CAG: 1.14
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Conagra Brands Debt-to-Equity Related Terms
Conagra Brands Debt-to-Equity Historical Data
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The historical data trend for Conagra Brands's Debt-to-Equity 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.
For the Packaged Foods subindustry, Conagra Brands's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Conagra Brands Debt-to-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Conagra Brands's Debt-to-Equity falls into.
* 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.
Conagra Brands (CAG) has a Debt-to-Equity of 1.14 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Conagra Brands and its competitors. This is near median its historical median of 1.06. Over the past decade, Conagra Brands' Debt-to-Equity has ranged from 0.75 to 1.45. According to the industry distribution chart, Conagra Brands ranks #1437 out of 1747 companies in the Consumer Packaged Goods industry, placing it in the top 82.3%.
Is Conagra Brands' Debt-to-Equity too high?
Conagra Brands' current Debt-to-Equity of 1.14 is near median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.45. The Consumer Packaged Goods industry median Debt-to-Equity is 0.41. Conagra Brands' value of 1.14 is 178% above this industry median. Based on the distribution chart, Conagra Brands ranks #1437 out of 1747 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Conagra Brands has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Conagra Brands' Debt-to-Equity compare to PPC and LW?
According to the Consumer Packaged Goods industry distribution chart, Conagra Brands ranks #1437 out of 1747 companies for Debt-to-Equity. This places Conagra Brands in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Conagra Brands' value of 1.14 is 178% above this benchmark. Historically, Conagra Brands' own Debt-to-Equity has ranged from 0.75 to 1.45 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 0.41, Conagra Brands 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 Debt-to-Equity for a Consumer Packaged Goods company?
The median Debt-to-Equity among Consumer Packaged Goods companies is 0.41, based on 1,747 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Conagra Brands's current Debt-to-Equity of 1.14 is 178% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Conagra Brands and its competitors. For the Consumer Packaged Goods industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conagra Brands's current Debt-to-Equity is 1.14, which is near median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Conagra Brands stock overvalued right now?
Based on GuruFocus' analysis, Conagra Brands (CAG) is currently considered Possible Value Trap. The stock's GF Value™ is $24.75, compared to a current price of $15.39 — trading 37.8% below its estimated fair value. The current Debt-to-Equity is 1.14, which is near median its 10-year median of 1.06 and 178% above the Consumer Packaged Goods industry median of 0.41. Conagra Brands' overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Conagra Brands (CAG), the current Debt-to-Equity is 1.14 as of May. 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 Conagra Brands (CAG) Overvalued in 2026?
Based on GuruFocus' analysis, Conagra Brands stock appears to be undervalued.
The current stock price of $15.39 is trading 37.8% below its estimated GF Value™ of $24.75.
GuruFocus considers Conagra Brands to be Possible Value Trap.
Key valuation signals for CAG:
Debt-to-Equity: 1.14 (near median its 10-year median of 1.06)
GF Value™: $24.75 vs. price of $15.39 (37.8% below fair value)
Industry Position: 178% above the Consumer Packaged Goods median (#1437 of 1747)
No single metric tells the full story. See the CAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Conagra Brands is a packaged food company that operates predominantly in the United States (91% of fiscal 2025 revenue). Most of its revenue comes from frozen food, including brands like Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Conagra also sells snacks, shelf-stable staples, and refrigerated food through brands like Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-wip, and Wish-Bone. The company primarily sells through the US retail channel, with just 9% of fiscal 2025 revenue coming from international markets and 9% from foodservice.
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