General Mills Inc (GIS) is overvalued and JBS NV (JBS) is undervalued.
Against our estimates of intrinsic value, JBS trades at the wider discount: a margin of safety of +44%, against -1087% for GIS.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.8% (average of 2 methods) values the shares at $2.99; the price of $35.45 is 1087% above that value, and 79% of that value comes from beyond year five.
Leak Score 23/100 on 8 of 12 signals
Discounting its cash flows at 6.0% (average of 3 methods) values the shares at $21.43; the price of $11.90 is 44% below that value, and 87% of that value comes from beyond year five.
Leak Score 54/100 on 3 of 12 signals
| Metric | GIS | JBS |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $35.45 | $11.90 |
| Intrinsic value | $2.99 | $21.43 |
| Margin of safety | -1087% | +44% |
| Leak Score | 23/100 (8/12) | 54/100 (3/12) |
| Market cap | $19.0B | $12.7B |
| Revenue growth, 5 years | 0.3% | 10.4% |
| Operating margin | 15.3% | 3.5% |
| Net margin | -0.5% | 1.2% |
| Return on equity | -1.1% | 13.4% |
| Debt to equity | 1.89 | 2.97 |
| P/E | — | 11.1x |
| Forward P/E | 11.1x | 8.7x |
| P/B | 2.6x | 1.4x |
| Dividend yield | 6.9% | 8.6% |