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McCormickMEX:MKC 69 3-Year ROIIC % is -44.60 as of Nov. 2025. GuruFocus rates MEX:MKC with a GF Score™ of 69/100 and a GF Value™ of MXN1,354.75 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,829 Consumer Packaged Goods companies, McCormick ranks worse than 86.28% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
McCormick's 3-Year ROIIC % for the quarter that ended in Nov. 2025 was -44.60%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for McCormick's 3-Year ROIIC % or its related term are showing as below:
MEX:MKC's 3-Year ROIIC % is ranked worse than 86.28% of 1829
companies
in the Consumer Packaged Goods industry
Industry Median: 2.72
vs MEX:MKC: -44.60
McCormick (MEX:MKC) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
McCormick 3-Year ROIIC % Related Terms
McCormick 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for McCormick's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the Packaged Foods subindustry, McCormick's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, McCormick's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where McCormick's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
McCormick (MEX:MKC) has a 3-Year ROIIC % of -44.60 as of Nov. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on McCormick and its competitors. According to the industry distribution chart, McCormick ranks #1578 out of 1829 companies in the Consumer Packaged Goods industry, placing it in the top 86.3%.
Is McCormick's 3-Year ROIIC % too high?
McCormick's current 3-Year ROIIC % is -44.60. Based on the distribution chart, McCormick ranks #1578 out of 1829 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, McCormick has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does McCormick's 3-Year ROIIC % compare to JBS and HRL?
According to the Consumer Packaged Goods industry distribution chart, McCormick ranks #1578 out of 1829 companies for 3-Year ROIIC %. This places McCormick in the lower half of its industry. The industry median 3-Year ROIIC % is 2.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Consumer Packaged Goods company?
The median 3-Year ROIIC % among Consumer Packaged Goods companies is 2.72, based on 1,829 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on McCormick and its competitors. For the Consumer Packaged Goods industry, the median 3-Year ROIIC % is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. McCormick's current 3-Year ROIIC % is -44.60. 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 MXN1,354.75, compared to a current price of MXN932.00 — trading 31.2% below its estimated fair value. The current 3-Year ROIIC % is -44.60. McCormick's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For McCormick (MEX:MKC), the current 3-Year ROIIC % is -44.60 as of Nov. 2025. 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 MXN932.00 is trading 31.2% below its estimated GF Value™ of MXN1,354.75.
GuruFocus considers McCormick to be Significantly Undervalued.
Key valuation signals for MEX:MKC:
3-Year ROIIC %: -44.60
GF Value™: MXN1,354.75 vs. price of MXN932.00 (31.2% below fair value)
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.
69GF Score
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