General Mills (LTS:0R1X) Piotroski F-Score: 5 (As of Jul. 03, 2026) — Near Median


LTS:0R1X General Mills Inc LTS:0R1X
63 GF Score
Price $37.56
GF Value $63.27
Valuation Significantly Undervalued
! 6 Warning Signs
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What is General Mills Piotroski F-Score?

General Mills LTS:0R1X -0.03% 63 Piotroski F-Score is 5 as of Jul. 03, 2026, which is at its 10-year median of 5.00. GuruFocus rates LTS:0R1X with a GF Score™ of 63/100 and a GF Value™ of $63.27 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,909 Consumer Packaged Goods companies, General Mills ranks better than 51.91% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

General Mills has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for General Mills's Piotroski F-Score or its related term are showing as below:

LTS:0R1X' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of General Mills was 8. The lowest was 5. And the median was 5.

General Mills  (LTS:0R1X) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


General Mills Piotroski F-Score Related Terms


General Mills Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for General Mills's Piotroski F-Score 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.

General Mills Piotroski F-Score Chart

General Mills Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 5.00 5.00 0.00

General Mills Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Piotroski F-Score 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 5.00 4.00 4.00 5.00 5.00

LTS:0R1X vs HRL, MKC, JBS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, General Mills's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where General Mills's Piotroski F-Score falls into.


LTS:0R1X
63GF Score
General Mills Inc LTS:0R1X
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* 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.

This Year (May26) TTM:Last Year (May25) TTM:
Net Income was 1204.2 + 413 + 303.1 + -2007.9 = $-88 Mil.
Cash Flow from Operations was 397 + 819.3 + 397.9 + 552 = $2,166 Mil.
Revenue was 4517.5 + 4860.8 + 4436.7 + 4609.6 = $18,425 Mil.
Gross Profit was 1532.8 + 1692.5 + 1366.9 + 1603.5 = $6,196 Mil.
Average Total Assets from the begining of this year (May25)
to the end of this year (May26) was
(33071.1 + 33015.6 + 32549 + 32403.1 + 30016.7) / 5 = $32211.1 Mil.
Total Assets at the begining of this year (May25) was $33,071 Mil.
Long-Term Debt & Capital Lease Obligation was $12,716 Mil.
Total Current Assets was $4,618 Mil.
Total Current Liabilities was $6,774 Mil.
Net Income was 579.9 + 795.7 + 625.6 + 294 = $2,295 Mil.

Revenue was 4848.1 + 5240.1 + 4842.2 + 4556.2 = $19,487 Mil.
Gross Profit was 1688.8 + 1931.1 + 1639.1 + 1474 = $6,733 Mil.
Average Total Assets from the begining of last year (May24)
to the end of last year (May25) was
(31469.9 + 31769.2 + 33396.1 + 32706.2 + 33071.1) / 5 = $32482.5 Mil.
Total Assets at the begining of last year (May24) was $31,470 Mil.
Long-Term Debt & Capital Lease Obligation was $12,976 Mil.
Total Current Assets was $5,276 Mil.
Total Current Liabilities was $7,857 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

General Mills's current Net Income (TTM) was -88. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

General Mills's current Cash Flow from Operations (TTM) was 2,166. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (May25)
=-87.6/33071.1
=-0.00264884

ROA (Last Year)=Net Income/Total Assets (May24)
=2295.2/31469.9
=0.07293318

General Mills's return on assets of this year was -0.00264884. General Mills's return on assets of last year was 0.07293318. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

General Mills's current Net Income (TTM) was -88. General Mills's current Cash Flow from Operations (TTM) was 2,166. ==> 2,166 > -88 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: May26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May25 to May26
=12716.4/32211.1
=0.39478316

Gearing (Last Year: May25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from May24 to May25
=12976/32482.5
=0.39947664

General Mills's gearing of this year was 0.39478316. General Mills's gearing of last year was 0.39947664. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: May26)=Total Current Assets/Total Current Liabilities
=4618.3/6774.1
=0.68175846

Current Ratio (Last Year: May25)=Total Current Assets/Total Current Liabilities
=5275.7/7857.3
=0.6714393

General Mills's current ratio of this year was 0.68175846. General Mills's current ratio of last year was 0.6714393. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

General Mills's number of shares in issue this year was 536.5. General Mills's number of shares in issue last year was 550.6. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=6195.7/18424.6
=0.33627324

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=6733/19486.6
=0.34551949

General Mills's gross margin of this year was 0.33627324. General Mills's gross margin of last year was 0.34551949. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (May25)
=18424.6/33071.1
=0.55712087

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (May24)
=19486.6/31469.9
=0.61921392

General Mills's asset turnover of this year was 0.55712087. General Mills's asset turnover of last year was 0.61921392. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+1+1+1+0+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

General Mills has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
General Mills (LTS:0R1X) has a Piotroski F-Score of 5 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on General Mills and its competitors. This is near median its historical median of 5.00. Over the past decade, General Mills' Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, General Mills ranks #918 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 48.1%.
Is General Mills' Piotroski F-Score too high?
General Mills' current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. General Mills' value of 5 is 0% at this industry median. Based on the distribution chart, General Mills ranks #918 out of 1909 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, General Mills has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does General Mills' Piotroski F-Score compare to HRL and MKC?
According to the Consumer Packaged Goods industry distribution chart, General Mills ranks #918 out of 1909 companies for Piotroski F-Score. This puts General Mills in the upper half of its industry. The industry median Piotroski F-Score is 5.00. General Mills' value of 5 is 0% at this benchmark. Historically, General Mills' own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, General Mills has consistently been at 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 Piotroski F-Score for a Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,909 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. General Mills's current Piotroski F-Score of 5 is 0% at 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on General Mills and its competitors. For the Consumer Packaged Goods industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Mills's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General Mills stock overvalued right now?
Based on GuruFocus' analysis, General Mills (LTS:0R1X) is currently considered Significantly Undervalued. The stock's GF Value™ is $63.27, compared to a current price of $37.56 — trading 40.6% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. General Mills' overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For General Mills (LTS:0R1X), the current Piotroski F-Score is 5 as of Jul. 03, 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 General Mills (LTS:0R1X) Overvalued in 2026?

Based on GuruFocus' analysis, General Mills stock appears to be undervalued. The current stock price of $37.56 is trading 40.6% below its estimated GF Value™ of $63.27. GuruFocus considers General Mills to be Significantly Undervalued.

Key valuation signals for LTS:0R1X:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: $63.27 vs. price of $37.56 (40.6% below fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#918 of 1909)

No single metric tells the full story. See the LTS:0R1X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


General Mills Business Description

Address Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged-food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2025, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.
63GF Score

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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$37.56
Price
$63.27
GF Value