General Mills (HAM:GRM) ROCE %: 8.79% (As of Feb. 2026)


HAM:GRM General Mills Inc HAM:GRM
62 GF Score
Price €31.82
GF Value €56.60
Valuation Significantly Undervalued
! 7 Warning Signs
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What is General Mills ROCE %?

General Mills HAM:GRM +4.98% 62 ROCE % is 8.79% as of Feb. 2026. GuruFocus rates HAM:GRM with a GF Score™ of 62/100 and a GF Value™ of €56.60 (Significantly Undervalued). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. General Mills's annualized ROCE % for the quarter that ended in Feb. 2026 was 8.79%.

General Mills  (HAM:GRM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

General Mills ROCE % Related Terms

General Mills ROCE % Historical Data

* Premium members only.

The historical data trend for General Mills's ROCE % 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 ROCE % Chart

General Mills Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.26 16.49 14.85 14.62 13.35

General Mills Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROCE % 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 14.56 8.32 10.77 11.97 8.79
HAM:GRM
62GF Score
General Mills Inc HAM:GRM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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General Mills ROCE % Calculation

General Mills's annualized ROCE % for the fiscal year that ended in May. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=3001.431/( ( (29109.657 - 6505.617) + (29334.066 - 6969.425) )/ 2 )
=3001.431/( (22604.04+22364.641)/ 2 )
=3001.431/22484.3405
=13.35 %

General Mills's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=1827.02/( ( (28154.885 - 6671.658) + (27413.023 - 7347.764) )/ 2 )
=1827.02/( ( 21483.227 + 20065.259 )/ 2 )
=1827.02/20774.243
=8.79 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 8.79% mean?
General Mills (HAM:GRM) has a ROCE % of 8.79% as of Feb. 2026.
Is General Mills' ROCE % too high?
General Mills' current ROCE % is 8.79%. The Consumer Packaged Goods industry median ROCE % is 8.78. General Mills' value of 8.79% is 0.2% above this industry median. Overall, General Mills has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does General Mills' ROCE % compare to JBS and HRL?
General Mills' ROCE % of 8.79% can be compared against companies in the Consumer Packaged Goods industry. The industry median ROCE % is 8.78. General Mills' value of 8.79% is 0.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Consumer Packaged Goods company?
The median ROCE % among Consumer Packaged Goods companies is 8.78, based on 1,938 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. General Mills's current ROCE % of 8.79% is 0.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Consumer Packaged Goods industry, the median ROCE % is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Mills's current ROCE % is 8.79%. 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 (HAM:GRM) is currently considered Significantly Undervalued. The stock's GF Value™ is €56.60, compared to a current price of €31.82 — trading 43.8% below its estimated fair value. The current ROCE % is 8.79% and 0.2% above the Consumer Packaged Goods industry median of 8.78. General Mills' overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For General Mills (HAM:GRM), the current ROCE % is 8.79% as of Feb. 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 (HAM:GRM) Overvalued in 2026?

Based on GuruFocus' analysis, General Mills stock appears to be undervalued. The current stock price of €31.82 is trading 43.8% below its estimated GF Value™ of €56.60. GuruFocus considers General Mills to be Significantly Undervalued.

Key valuation signals for HAM:GRM:

  • ROCE %: 8.79%
  • GF Value™: €56.60 vs. price of €31.82 (43.8% below fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 0.2% above the Consumer Packaged Goods median

No single metric tells the full story. See the HAM:GRM 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.
62GF Score

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

€31.82
Price
€56.60
GF Value