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McCormickMEX:MKC +2.54%64 Debt-to-Equity is 0.71 as of May. 2026, which is 38% below its 10-year median of 1.15. GuruFocus rates MEX:MKC with a GF Score™ of 64/100 and a GF Value™ of MXN1,354.40 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,747 Consumer Packaged Goods companies, McCormick ranks worse than 66.57% 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 McCormick's Debt-to-Equity or its related term are showing as below:
MEX:MKC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.71 Med: 1.15 Max: 2.13
Current: 0.71
During the past 13 years, the highest Debt-to-Equity Ratio of McCormick was 2.13. The lowest was 0.71. And the median was 1.15.
MEX:MKC's Debt-to-Equity is ranked worse than 66.57% of 1747
companies
in the Consumer Packaged Goods industry
Industry Median: 0.41
vs MEX:MKC: 0.71
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.
McCormick Debt-to-Equity Related Terms
McCormick Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for McCormick'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.
MEX:MKC vs JBS, HRL, SJM: Debt-to-Equity Comparison
For the Packaged Foods subindustry, McCormick'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.
McCormick Debt-to-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where McCormick'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.
McCormick (MEX:MKC) has a Debt-to-Equity of 0.71 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on McCormick and its competitors. This is 38% below median its historical median of 1.15. Over the past decade, McCormick's Debt-to-Equity has ranged from 0.71 to 2.13. According to the industry distribution chart, McCormick ranks #1163 out of 1747 companies in the Consumer Packaged Goods industry, placing it in the top 66.6%.
Is McCormick's Debt-to-Equity too high?
McCormick's current Debt-to-Equity of 0.71 is 38% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 2.13. The Consumer Packaged Goods industry median Debt-to-Equity is 0.41. McCormick's value of 0.71 is 73.2% above this industry median. Based on the distribution chart, McCormick ranks #1163 out of 1747 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, McCormick has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does McCormick's Debt-to-Equity compare to JBS and HRL?
According to the Consumer Packaged Goods industry distribution chart, McCormick ranks #1163 out of 1747 companies for Debt-to-Equity. This places McCormick in the lower half of its industry. The industry median Debt-to-Equity is 0.41. McCormick's value of 0.71 is 73.2% above this benchmark. Historically, McCormick's own Debt-to-Equity has ranged from 0.71 to 2.13 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 0.41, McCormick 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. McCormick's current Debt-to-Equity of 0.71 is 73.2% 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 McCormick 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. McCormick's current Debt-to-Equity is 0.71, which is 38% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is McCormick stock overvalued right now?
Based on GuruFocus' analysis, McCormick (MEX:MKC) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN1,354.40, compared to a current price of MXN928.00 — trading 31.5% below its estimated fair value. The current Debt-to-Equity is 0.71, which is 38% below median its 10-year median of 1.15 and 73.2% above the Consumer Packaged Goods industry median of 0.41. McCormick's overall GF Score™ is 64/100 with 5 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 McCormick (MEX:MKC), the current Debt-to-Equity is 0.71 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 McCormick (MEX:MKC) Overvalued in 2026?
Based on GuruFocus' analysis, McCormick stock appears to be undervalued.
The current stock price of MXN928.00 is trading 31.5% below its estimated GF Value™ of MXN1,354.40.
GuruFocus considers McCormick to be Significantly Undervalued.
Key valuation signals for MEX:MKC:
Debt-to-Equity: 0.71 (38% below median its 10-year median of 1.15)
GF Value™: MXN1,354.40 vs. price of MXN928.00 (31.5% below fair value)
Industry Position: 73.2% above the Consumer Packaged Goods median (#1163 of 1747)
No single metric tells the full story. See the MEX:MKC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
In its 135-plus-year history, McCormick has become the leading global manufacturer of spices, herbs, extracts, seasonings, and other flavorings. In addition to its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, Frank's RedHot, French's, and Cholula. This mix will be complemented by the pending addition of Unilever's food brands, primarily Knorr cooking aids and Hellmann's mayonnaise. After the deal close, the combined business is slated to generate 70% of sales from consumers and 30% from restaurants and other packaged food and beverage manufacturers. Around 40% of sales are slated to come from faster-growing emerging markets, with Europe (23%) and North America (36%) accounting for the remainder.
64GF Score
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