General Mills Inc (GIS) is overvalued and McCormick & Co Inc (MKC) is slightly undervalued.
Against our estimates of intrinsic value, MKC trades at the wider discount: a margin of safety of +19%, 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 7.7% (average of 3 methods) values the shares at $60.69; the price of $49.42 is 19% below that value, and 80% of that value comes from beyond year five.
Leak Score 81/100 on 3 of 12 signals
| Metric | GIS | MKC |
|---|---|---|
| Verdict | Overvalued | Slightly undervalued |
| Price | $35.45 | $49.42 |
| Intrinsic value | $2.99 | $60.69 |
| Margin of safety | -1087% | +19% |
| Leak Score | 23/100 (8/12) | 81/100 (3/12) |
| Market cap | $19.0B | $13.3B |
| Revenue growth, 5 years | 0.3% | 4.1% |
| Operating margin | 15.3% | 16.7% |
| Net margin | -0.5% | 21.9% |
| Return on equity | -1.1% | 25.7% |
| Debt to equity | 1.89 | 0.71 |
| P/E | — | 8.2x |
| Forward P/E | 11.1x | 15.0x |
| P/B | 2.6x | 1.9x |
| Dividend yield | 6.9% | 3.9% |