Price to Earnings (P/E)
since 2005
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General Mills Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Calculation
General Mills Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net earnings attributable to General Mills1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 28, 2019 | = | ÷ | = | ÷ | |||||||
| Jun 29, 2018 | = | ÷ | = | ÷ | |||||||
| Jun 29, 2017 | = | ÷ | = | ÷ | |||||||
| Jun 30, 2016 | = | ÷ | = | ÷ | |||||||
| Jul 6, 2015 | = | ÷ | = | ÷ | |||||||
| Jul 3, 2014 | = | ÷ | = | ÷ | |||||||
| Jul 3, 2013 | = | ÷ | = | ÷ | |||||||
| Jul 3, 2012 | = | ÷ | = | ÷ | |||||||
| Jul 8, 2011 | = | ÷ | = | ÷ | |||||||
| Jul 9, 2010 | = | ÷ | = | ÷ | |||||||
| Jul 13, 2009 | = | ÷ | = | ÷ | |||||||
| Jul 11, 2008 | = | ÷ | = | ÷ | |||||||
| Jul 26, 2007 | = | ÷ | = | ÷ | |||||||
| Jul 27, 2006 | = | ÷ | = | ÷ | |||||||
| Jul 28, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of General Mills Inc. Annual Report.
- Share Price
- The share price exhibited an overall upward trend from 2005 through 2016, rising from $23.77 to a peak of $71.32. This represents more than a threefold increase over the 11-year period. However, after reaching this peak, the share price experienced a notable decline in the following two years, dropping to $44.26 by 2018 before recovering somewhat to $52.52 in 2019.
- Earnings Per Share (EPS)
- EPS demonstrated a generally positive trajectory, increasing from $1.69 in 2005 to a high of $3.59 in 2018. Despite some fluctuations, EPS values showed growth with intermittent decreases, notably in 2006, 2012, and sharply in 2015. The EPS dipped from $2.98 in 2014 to $2.04 in 2015 but recovered to $3.59 in 2018 before falling to $2.91 in 2019.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio fluctuated over the timeframe without a clear long-term trend. It started at 14.03 in 2005, increasing to a high of 27.74 in 2014, indicating that the market price was relatively high compared to earnings at that point. After 2014, the P/E ratio declined sharply to 12.32 in 2018, suggesting the share price decreased relative to earnings or earnings increased faster than price. In 2019, the P/E ratio rose again to 18.04.
- Overall Observations
- Share price and EPS generally trended upward over the years, indicating improving profitability and market valuation. However, the share price showed greater volatility, especially post-2016. The P/E ratio's fluctuation suggests changing market sentiment about the company's valuation relative to earnings, with periods of higher valuation multiples followed by more conservative assessments. The divergence between EPS growth and P/E changes in the latter years points to a complex interplay between market conditions and company performance impacting investor confidence.
Comparison to Competitors
General Mills Inc., P/E, long-term trends, comparison to competitors
| General Mills Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Jun 28, 2019 | |||||
| Jun 29, 2018 | |||||
| Jun 29, 2017 | |||||
| Jun 30, 2016 | |||||
| Jul 6, 2015 | |||||
| Jul 3, 2014 | |||||
| Jul 3, 2013 | |||||
| Jul 3, 2012 | |||||
| Jul 8, 2011 | |||||
| Jul 9, 2010 | |||||
| Jul 13, 2009 | |||||
| Jul 11, 2008 | |||||
| Jul 26, 2007 | |||||
| Jul 27, 2006 | |||||
| Jul 28, 2005 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
Comparison to Sector (Food, Beverage & Tobacco)
General Mills Inc., P/E, long-term trends, comparison to sector (food, beverage & tobacco)
| General Mills Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Jun 28, 2019 | ||
| Jun 29, 2018 | ||
| Jun 29, 2017 | ||
| Jun 30, 2016 | ||
| Jul 6, 2015 | ||
| Jul 3, 2014 | ||
| Jul 3, 2013 | ||
| Jul 3, 2012 | ||
| Jul 8, 2011 | ||
| Jul 9, 2010 | ||
| Jul 13, 2009 | ||
| Jul 11, 2008 | ||
| Jul 26, 2007 | ||
| Jul 27, 2006 | ||
| Jul 28, 2005 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
Comparison to Industry (Consumer Staples)
General Mills Inc., P/E, long-term trends, comparison to industry (consumer staples)
| General Mills Inc. | Consumer Staples | |
|---|---|---|
| Jun 28, 2019 | ||
| Jun 29, 2018 | ||
| Jun 29, 2017 | ||
| Jun 30, 2016 | ||
| Jul 6, 2015 | ||
| Jul 3, 2014 | ||
| Jul 3, 2013 | ||
| Jul 3, 2012 | ||
| Jul 8, 2011 | ||
| Jul 9, 2010 | ||
| Jul 13, 2009 | ||
| Jul 11, 2008 | ||
| Jul 26, 2007 | ||
| Jul 27, 2006 | ||
| Jul 28, 2005 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).