General MillsXSWX:GIS +2.56%62 Altman Z-Score is 2.32 as of Jun. 27, 2026, which is 14% below its 10-year median of 2.71. GuruFocus rates XSWX:GIS with a GF Score™ of 62/100 and a GF Value™ of CHF51.96. The stock has 7 warning signs investors should review. Among 1,933 Consumer Packaged Goods companies, General Mills ranks worse than 61.67% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 2.26 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
General Mills has a Altman Z-Score of 2.32, indicating it is in Grey Zones. This implies that General Mills is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for General Mills's Altman Z-Score or its related term are showing as below:
XSWX:GIS'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.96 Med: 2.71 Max: 3.5
Current: 2.26
During the past 13 years, General Mills's highest Altman Z-Score was 3.50. The lowest was 1.96. And the median was 2.71.
General Mills (XSWX:GIS) Altman Z-Score Explanation
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
General Mills Altman Z-Score Related Terms
General Mills Altman Z-Score Historical Data
* Premium members only.
The historical data trend for General Mills's Altman Z-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.
XSWX:GIS vs JBS, HRL, MKC: Altman Z-Score Comparison
For the Packaged Foods subindustry, General Mills's Altman Z-Score, along with its competitors' market caps and Altman Z-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 Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where General Mills's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
General Mills's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
-0.1172
+
1.4
*
0.6952
+
3.3
*
0.1145
+
0.6
*
0.8748
+
1.0
*
0.5892
=
2.32
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
General Mills (XSWX:GIS) has a Altman Z-Score of 2.32 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on General Mills and its competitors. This is 14% below median its historical median of 2.71. Over the past decade, General Mills' Altman Z-Score has ranged from 1.96 to 3.50. According to the industry distribution chart, General Mills ranks #1192 out of 1933 companies in the Consumer Packaged Goods industry, placing it in the top 61.7%.
Is General Mills' Altman Z-Score too high?
General Mills' current Altman Z-Score of 2.32 is 14% below median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 3.50. The Consumer Packaged Goods industry median Altman Z-Score is 2.84. General Mills' value of 2.32 is 18.3% below this industry median. Based on the distribution chart, General Mills ranks #1192 out of 1933 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, General Mills has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does General Mills' Altman Z-Score compare to JBS and HRL?
According to the Consumer Packaged Goods industry distribution chart, General Mills ranks #1192 out of 1933 companies for Altman Z-Score. This places General Mills in the lower half of its industry. The industry median Altman Z-Score is 2.84. General Mills' value of 2.32 is 18.3% below this benchmark. Historically, General Mills' own Altman Z-Score has ranged from 1.96 to 3.50 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 2.84, General Mills 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 Altman Z-Score for a Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.84, based on 1,933 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. General Mills's current Altman Z-Score of 2.32 is 18.3% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on General Mills and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General Mills's current Altman Z-Score is 2.32, which is 14% below median its own 10-year median of 2.71. 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?
General Mills (XSWX:GIS) has a current Altman Z-Score of 2.32. The stock's GF Value™ is CHF51.96, compared to a current price of CHF29.21 — trading 43.8% below its estimated fair value. The current Altman Z-Score is 2.32, which is 14% below median its 10-year median of 2.71 and 18.3% below the Consumer Packaged Goods industry median of 2.84. 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 Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For General Mills (XSWX:GIS), the current Altman Z-Score is 2.32 as of Jun. 27, 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 (XSWX:GIS) Overvalued in 2026?
Based on GuruFocus' analysis, General Mills stock appears to be undervalued.
The current stock price of CHF29.21 is trading 43.8% below its estimated GF Value™ of CHF51.96.
Key valuation signals for XSWX:GIS:
Altman Z-Score: 2.32 (14% below median its 10-year median of 2.71)
GF Value™: CHF51.96 vs. price of CHF29.21 (43.8% below fair value)
Industry Position: 18.3% below the Consumer Packaged Goods median (#1192 of 1933)
No single metric tells the full story. See the XSWX:GIS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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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