INGR (Ingredion) Shiller PE Ratio: 12.29 (As of Sep. 02, 2026) — 22% Below Median

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INGR Ingredion Inc INGR
72 GF Score
Price $102.60
GF Value $114.39
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Ingredion Shiller PE Ratio?

Ingredion INGR -1.56% 72 Shiller PE Ratio is 12.29 as of Sep. 02, 2026, which is 22% below its 10-year median of 15.69. GuruFocus rates INGR with a GF Score™ of 72/100 and a GF Value™ of $114.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,129 Consumer Packaged Goods companies, Ingredion ranks better than 68.11% on this metric.

As of today (2026-09-02), Ingredion's current share price is $102.60. Ingredion's E10 for the quarter that ended in Jun. 2026 was $8.35. Ingredion's Shiller PE Ratio for today is 12.29.

The historical rank and industry rank for Ingredion's Shiller PE Ratio or its related term are showing as below:

INGR' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.36   Med: 15.69   Max: 32.8
Current: 12.29

During the past years, Ingredion's highest Shiller PE Ratio was 32.80. The lowest was 11.36. And the median was 15.69.

INGR's Shiller PE Ratio is ranked better than
68.11% of 1129 companies
in the Consumer Packaged Goods industry
Industry Median: 17.68 vs INGR: 12.29

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ingredion's adjusted earnings per share data for the three months ended in Jun. 2026 was $1.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $8.35 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ingredion  (NYSE:INGR) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Ingredion Shiller PE Ratio Related Terms


Ingredion Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Ingredion's Shiller PE Ratio 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.

Ingredion Shiller PE Ratio Chart

Ingredion Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.85 15.01 15.41 18.12 13.51

Ingredion Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 16.94 15.04 13.51 13.58 11.35

INGR vs CPB, PPC, LW: Shiller PE Ratio Comparison

For the Packaged Foods subindustry, Ingredion's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


Ingredion Shiller PE Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ingredion's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ingredion's Shiller PE Ratio falls into.


INGR
72GF Score
Ingredion Inc INGR
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ingredion Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ingredion's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=102.60/8.35
=12.29

* 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.

Ingredion's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Ingredion's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.78/333.9520*333.9520
=1.780

Current CPI (Jun. 2026) = 333.9520.

Ingredion Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.930 241.428 2.670
201612 1.260 241.432 1.743
201703 1.680 243.801 2.301
201706 1.780 244.955 2.427
201709 2.260 246.819 3.058
201712 1.350 246.524 1.829
201803 1.900 249.554 2.543
201806 1.570 251.989 2.081
201809 1.320 252.439 1.746
201812 1.360 251.233 1.808
201903 1.480 254.202 1.944
201906 1.560 256.143 2.034
201909 1.470 256.759 1.912
201912 1.610 256.974 2.092
202003 1.110 258.115 1.436
202006 0.980 257.797 1.269
202009 1.360 260.280 1.745
202012 1.700 260.474 2.180
202103 -3.660 264.877 -4.614
202106 2.620 271.696 3.220
202109 1.750 274.310 2.130
202112 0.990 278.802 1.186
202203 1.920 287.504 2.230
202206 2.120 296.311 2.389
202209 1.590 296.808 1.789
202212 1.710 296.797 1.924
202303 2.850 301.836 3.153
202306 2.420 305.109 2.649
202309 2.360 307.789 2.561
202312 1.970 306.746 2.145
202403 3.230 312.332 3.454
202406 2.220 314.175 2.360
202409 2.830 315.301 2.997
202412 1.430 315.605 1.513
202503 3.000 319.799 3.133
202506 2.990 322.561 3.096
202509 2.610 324.800 2.684
202512 2.560 324.054 2.638
202603 2.220 330.213 2.245
202606 1.780 333.952 1.780

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 12.29 mean?
Ingredion (INGR) has a Shiller PE Ratio of 12.29 as of Sep. 02, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Ingredion and its competitors. This is 22% below median its historical median of 15.69. Over the past decade, Ingredion's Shiller PE Ratio has ranged from 11.36 to 32.80. According to the industry distribution chart, Ingredion ranks #360 out of 1129 companies in the Consumer Packaged Goods industry, placing it in the top 31.9%.
Is Ingredion's Shiller PE Ratio too high?
Ingredion's current Shiller PE Ratio of 12.29 is 22% below median its 10-year median of 15.69. Over the past 10 years, this metric has ranged from a low of 11.36 to a high of 32.80. The Consumer Packaged Goods industry median Shiller PE Ratio is 17.68. Ingredion's value of 12.29 is 30.5% below this industry median. Based on the distribution chart, Ingredion ranks #360 out of 1129 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ingredion has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ingredion's Shiller PE Ratio compare to CPB and PPC?
According to the Consumer Packaged Goods industry distribution chart, Ingredion ranks #360 out of 1129 companies for Shiller PE Ratio. This puts Ingredion in the upper half of its industry. The industry median Shiller PE Ratio is 17.68. Ingredion's value of 12.29 is 30.5% below this benchmark. Historically, Ingredion's own Shiller PE Ratio has ranged from 11.36 to 32.80 over the past decade. While the company's 10-year median is 15.69 vs. the industry median of 17.68, Ingredion has consistently been below 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 Shiller PE Ratio for a Consumer Packaged Goods company?
The median Shiller PE Ratio among Consumer Packaged Goods companies is 17.68, based on 1,129 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ingredion's current Shiller PE Ratio of 12.29 is 30.5% below 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Ingredion and its competitors. For the Consumer Packaged Goods industry, the median Shiller PE Ratio is 17.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ingredion's current Shiller PE Ratio is 12.29, which is 22% below median its own 10-year median of 15.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ingredion stock overvalued right now?
Based on GuruFocus' analysis, Ingredion (INGR) is currently considered Modestly Undervalued. The stock's GF Value™ is $114.39, compared to a current price of $102.60 — trading 10.3% below its estimated fair value. The current Shiller PE Ratio is 12.29, which is 22% below median its 10-year median of 15.69 and 30.5% below the Consumer Packaged Goods industry median of 17.68. Ingredion's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Ingredion (INGR), the current Shiller PE Ratio is 12.29 as of Sep. 02, 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 Ingredion (INGR) Overvalued in 2026?

Based on GuruFocus' analysis, Ingredion stock appears to be undervalued. The current stock price of $102.60 is trading 10.3% below its estimated GF Value™ of $114.39. GuruFocus considers Ingredion to be Modestly Undervalued.

Key valuation signals for INGR:

  • Shiller PE Ratio: 12.29 (22% below median its 10-year median of 15.69)
  • GF Value™: $114.39 vs. price of $102.60 (10.3% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 30.5% below the Consumer Packaged Goods median (#360 of 1129)

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


Ingredion Business Description

Other Exchanges CNP:GermanyI2NG34:Brazil
Address 5 Westbrook Corporate Center, Westchester, IL, USA, 60154
Ingredion is an ingredients provider for the food, beverage, brewing, and animal nutrition industries. The company processes corn, tapioca, potatoes, stevia, grains, fruits, gums, and vegetables into value-added ingredients. The company sells specialty ingredients that include starch-based texturizers and natural alternative sweeteners such as stevia. Ingredion also sells commodity ingredients that include sweeteners, such as high-fructose corn syrup, and starches, such as those used for sustainable packaging, as well as plant-based proteins. The company plans to acquire Tate & Lyle in an all-cash deal that should close in 2027.
72GF Score

Get the complete analysis for INGR

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

$102.60
Price
$114.39
GF Value