# General Mills Inc. (GIS) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Defensive / Food & Staples Retailing. Price $38.29, market value $20.5 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). General Mills Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 3.7×**. The shares trade at 3.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 23.2×**. Enterprise value is 23.2× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 7.9%** (5-yr avg 7.4%). Free cash flow equals 7.9% of the market value, in line with its five-year average of 7.4%. Above 5% is generally attractive.

## Profitability
- **Operating margin: 4.8%**. 4.8% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -0.5%**. The company reported a net loss over the last twelve months.
- **Return on equity: -1.2%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 3.4%**. Return on all capital, debt included, is 3.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -0.3%**. Each dollar of assets produces -0.3% of profit.

## Growth
- **Revenue growth (1 yr): -5.4%** (3-yr -2.9%/yr, 5-yr 0.3%/yr). Revenue fell 5.4% over the last year, against 0.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -103.9%**. Earnings per share fell 103.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -8.0%/yr**. Free cash flow has compounded at -8.0% a year over three years.

## Financial health
- **Debt to equity: 1.83**. Debt is 1.83 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 9.0×**. It would take 9.0 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 1.60**. A Z-score of 1.60 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 6.37%** ($2.44 per share, trailing). General Mills Inc. yields 6.37%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 20**. 20 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.1%/yr** (1-yr 1.7%). The dividend has grown 4.1% a year over five years.

## Analyst view
- **Analyst consensus: hold** (18 analysts). 18 analysts cover General Mills Inc.; the consensus is hold, with an average price target of $37.56 (-2% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -18.0%** (YTD -13.6%, 3-mo 17.5%). The shares are down 18.0% over twelve months including dividends.
- **From 52-week high: -25.4%** (20.6% above the low). Trading 25% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): -0.31** (volatility 28%). Beta of -0.31 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GIS · Page: https://foliofundamentals.com/stocks/gis

Not investment advice.