CAG (Conagra Brands) Intrinsic Value: DCF (Dividends Based): $18.60 (As of Aug. 03, 2026) — 1490% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

CAG Conagra Brands Inc CAG
58 GF Score
Price $14.96
GF Value $24.77
Valuation Possible Value Trap
! 6 Warning Signs
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What is Conagra Brands Intrinsic Value: DCF (Dividends Based)?

Conagra Brands CAG +3.10% 58 Intrinsic Value: DCF (Dividends Based) is $18.60 as of Aug. 03, 2026, which is 1490% above its 10-year median of 1.17. GuruFocus rates CAG with a GF Score™ of 58/100 and a GF Value™ of $24.77 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 238 Consumer Packaged Goods companies, Conagra Brands ranks worse than 420167.65% on this metric.

As of today (2026-08-03), Conagra Brands's intrinsic value calculated from the Discounted Dividend model is $18.60.

Note: Discounted Dividend model is only suitable for companies who have a consistant distribution history. If the company's dividends does not remain steady over a long period, results may not be accurate due to the low consistency. The model is also only suitable for predictable companies (Business Predictability Rank higher than 1-Star) with dividend payments. If the company's Predictability Rank is 1-Star or Not Rated, or if the company does not pay dividend, the data will not be stored into our database.

Conagra Brands's Predictability Rank is 1-Star. Thus, this page is only used for demonstration purposes and the DCF related results in the screener and portfolio will appear as zero.

Margin of Safety % (DCF Dividends Based) using Discounted Dividend Model for Conagra Brands is 19.57%.

The historical rank and industry rank for Conagra Brands's Intrinsic Value: DCF (Dividends Based) or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-DCF (Dividends Based) Ratio of Conagra Brands was 1.17. The lowest was 1.17. And the median was 1.17.

CAG's Price-to-DCF (Dividends Based) is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 0.89
* Ranked among companies with meaningful Price-to-DCF (Dividends Based) only.

Conagra Brands  (NYSE:CAG) Intrinsic Value: DCF (Dividends Based) Explanation

Unlike valuation methods such as Net Current Asset Value, Tangible Book per Share, Graham Number, Median PS Value etc, discounted Dividends model evaluates the companies based on their power of future dividend distribution instead of their assets.


Be Aware

What you need to know about Discounted Dividends model:

1. The Discounted Dividends model evaluates a company based on its future dividends distribution power
2. Dividend growth is taken into account; therefore a company with a higher dividend growth rate is worth more if everything else is the same.
3. Since we are projecting future growth, it is assumed that the company will grow at the same rate as it did during the past 10 years. Therefore this model works better for the companies with consistently steady dividends distributed.
4. The Discounted Dividends model works poorly for inconsistent dividends distributor like high growth companies.
5. Your expected return from the investment is a reasonable discount rate assumption.
6. A larger margin of safety should be required for companies with less dividends distributed.

You can screen for stocks that trade below their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) and Intrinsic Value: DCF (Dividends Based) with the GuruFocus All-in-One Screener. Companies with a high Predictability Rank that trade at a discount to their Intrinsic Value: DCF (FCF Based) and Intrinsic Value: DCF (Earnings Based) can be found in the screen of Undervalued Predictable Companies.


Conagra Brands Intrinsic Value: DCF (Dividends Based) Related Terms


Conagra Brands Intrinsic Value: DCF (Dividends Based) Historical Data

* Premium members only.

The historical data trend for Conagra Brands's Intrinsic Value: DCF (Dividends Based) 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.

Conagra Brands Intrinsic Value: DCF (Dividends Based) Chart

Conagra Brands Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Intrinsic Value: DCF (Dividends Based)
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Conagra Brands Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Intrinsic Value: DCF (Dividends Based) 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 0.00 0.00 0.00 0.00 0.00

CAG vs PPC, LW, CPB: Intrinsic Value: DCF (Dividends Based) Comparison

For the Packaged Foods subindustry, Conagra Brands's Price-to-DCF (Dividends Based), along with its competitors' market caps and Price-to-DCF (Dividends Based) 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 Price-to-DCF (Dividends Based) vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Conagra Brands's Price-to-DCF (Dividends Based) distribution charts can be found below:

* The bar in red indicates where Conagra Brands's Price-to-DCF (Dividends Based) falls into.


CAG
58GF Score
Conagra Brands Inc CAG
Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Score™, valuation, warning signs, and more.
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Conagra Brands Intrinsic Value: DCF (Dividends Based) Calculation

This is the intrinsic value calculated from the Discounted Dividend Model with default parameters. The calculation method is the same as Discounted Cash Flow model except adjusted dividend are used in the calculation instead of free cash flow. This is the default method of calculation with GuruFocus DCF calculator.

Usually a two-stage model is used in calculating the intrinsic value with discounted cash flow model. The first stage is called growth stage; the second is called the terminal stage. In the growth stage the company grows at a faster rate. Because it cannot grow at that rate forever, a lower rate is used for the terminal stage.

GuruFocus DDM calculator is a two-stage model. The default values are defined as:

1. Discount Rate: d = 11%
A reasonable discount rate assumption should be at least the long term average return of the stock market, which can be estimated from risk free rate plus risk premium of stock market. GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate and rounded up to the nearest integer. It is updated daily. The current risk-free rate is 4.69%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default. Then we added a risk premium of 6% to get the estimated discount rate. Some investors use their expected rate of return, which is also reasonable. A typical discount rate can be anywhere between 6% - 20%.

2. Dividend Growth Rate in the growth stage: g1 = 5.80%
The Growth Rate in the growth stage is initially set as the default 10-Year Dividend Growth Rate. In cases where the 10-year growth rate is unavailable, it defaults to using the 5-Year Dividend Growth Rate. If both the 10-year and 5-year growth rates are unavailable, the system defaults to the 3-Year Dividend Growth Rate.
However, it's important to note that there is a growth rate range. If the calculated growth rate exceeds 20%, it will be capped at 20%. Conversely, if the calculated growth rate falls below 5%, it will be adjusted to 5% to maintain a reasonable range.
=> Conagra Brands's average Dividend Growth Rate in the past 10 years was 5.80%, which is between 5% and 20%. => GuruFocus defaults => Growth Rate: 5.80%

3. Years of Growth Stage: y1 = 10

4. Terminal Growth Rate: g2 = 4%

5. Dividends per Share: adjusted dividends per share = $1.53.
GuruFocus uses adjusted dividends per share by default to ensure that the valuation reflects the total value of the company, as the actual dividend is only a portion of the total value.

All of the default settings can be changed in the DCF calculator and the results are calculated automatically.

Conagra Brands's Intrinsic Value: DCF (Dividends Based) for today is calculated as:

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[(1+g1)/(1+d)+(1+g1)^2/(1+d)^2+...+(1+g1)^10/(1+d)^10]
+(1+g1)^10/(1+d)^10*[(1+g2)/(1+d)+(1+g2)^2/(1+d)^2+...+(1+g2)^10/(1+d)^10]}

set x = (1+g1)/(1+d) = (1+0.058)/(1+0.11) = 0.95315315315315
and y = (1+g2)/(1+d) = (1+0.04)/(1+0.11) = 0.93693693693694

Intrinsic Value: DCF (Dividends Based)=Dividends per Share*{[x+x^2+...+x^10]+x^10*[y+y^2+...+y^10]}
=Dividends per Share*[x*(1-x^10)/(1-x)+x^10*y*(1-y^10)/(1-y)]
=1.53*12.1553
=18.60

Margin of Safety % (DCF Dividends Based) = (Intrinsic Value: DCF (Dividends Based)-Current Price) /Intrinsic Value: DCF (Dividends Based)
= (18.6 - 14.96) / 18.6
= 19.57 %

* 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.

What does a Intrinsic Value: DCF (Dividends Based) of $18.60 mean?
Conagra Brands (CAG) has a Intrinsic Value: DCF (Dividends Based) of $18.60 as of Aug. 03, 2026. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Conagra Brands and its competitors. This is 1490% above median its historical median of 1.17. Over the past decade, Conagra Brands' Intrinsic Value: DCF (Dividends Based) has ranged from 1.17 to 1.17. According to the industry distribution chart, Conagra Brands ranks #999999 out of 238 companies in the Consumer Packaged Goods industry.
Is Conagra Brands' Intrinsic Value: DCF (Dividends Based) too high?
Conagra Brands' current Intrinsic Value: DCF (Dividends Based) of $18.60 is 1490% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 1.17. The Consumer Packaged Goods industry median Intrinsic Value: DCF (Dividends Based) is 0.89. Conagra Brands' value of $18.60 is 1989.9% above this industry median. Based on the distribution chart, Conagra Brands ranks #999999 out of 238 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' Intrinsic Value: DCF (Dividends Based) compare to PPC and LW?
According to the Consumer Packaged Goods industry distribution chart, Conagra Brands ranks #999999 out of 238 companies for Intrinsic Value: DCF (Dividends Based). This places Conagra Brands in the lower half of its industry. The industry median Intrinsic Value: DCF (Dividends Based) is 0.89. Conagra Brands' value of $18.60 is 1989.9% above this benchmark. Historically, Conagra Brands' own Intrinsic Value: DCF (Dividends Based) has ranged from 1.17 to 1.17 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 0.89, 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 Intrinsic Value: DCF (Dividends Based) for a Consumer Packaged Goods company?
The median Intrinsic Value: DCF (Dividends Based) among Consumer Packaged Goods companies is 0.89, based on 238 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: DCF (Dividends Based) significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: DCF (Dividends Based) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Conagra Brands's current Intrinsic Value: DCF (Dividends Based) of $18.60 is 1989.9% 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 Intrinsic Value: DCF (Dividends Based) mean?
A high Intrinsic Value: DCF (Dividends Based) can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: DCF (Dividends Based) is the stock value based on a two-stage discounted dividend model. View historical data on Conagra Brands and its competitors. For the Consumer Packaged Goods industry, the median Intrinsic Value: DCF (Dividends Based) is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Conagra Brands's current Intrinsic Value: DCF (Dividends Based) is $18.60, which is 1490% above median its own 10-year median of 1.17. 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 $24.77, compared to a current price of $14.96 — trading 39.6% below its estimated fair value. The current Intrinsic Value: DCF (Dividends Based) is $18.60, which is 1490% above median its 10-year median of 1.17 and 1989.9% above the Consumer Packaged Goods industry median of 0.89. 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 Intrinsic Value: DCF (Dividends Based) calculated?
Intrinsic Value: DCF (Dividends Based) is calculated from a company's financial statements. For Conagra Brands (CAG), the current Intrinsic Value: DCF (Dividends Based) is $18.60 as of Aug. 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 Conagra Brands (CAG) Overvalued in 2026?

Based on GuruFocus' analysis, Conagra Brands stock appears to be undervalued. The current stock price of $14.96 is trading 39.6% below its estimated GF Value™ of $24.77. GuruFocus considers Conagra Brands to be Possible Value Trap.

Key valuation signals for CAG:

  • Intrinsic Value: DCF (Dividends Based): $18.60 (1490% above median its 10-year median of 1.17)
  • GF Value™: $24.77 vs. price of $14.96 (39.6% below fair value)
  • GF Score™: 58/100 with 6 warning signs
  • Industry Position: 1989.9% above the Consumer Packaged Goods median (#999999 of 238)

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 Business Description

Address 222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, USA, 60654
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.
58GF Score

Get the complete analysis for CAG

Intrinsic Value: DCF (Dividends Based) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.96
Price
$24.77
GF Value