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U.S. Food Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies149
  • 7D5.7%
  • 3M-0.4%
  • 1Y-4.8%
  • YTD5.4%

Mondelez International is up 6.0%, leading the way for the Food industry, which has gained 6.9%. In the same time, Cal-Maine Foods was down 5.3%. In the past year, the industry is down 5.0%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the U.S. Food Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026US$405.6bUS$555.7bUS$14.4b21.6x28.3x0.7x
Sun, 14 Dec 2025US$395.3bUS$558.1bUS$15.8b20.2x25.1x0.7x
Tue, 11 Nov 2025US$416.1bUS$569.9bUS$17.9b18.5x23.3x0.7x
Thu, 09 Oct 2025US$439.9bUS$553.3bUS$16.2b17.7x27.2x0.8x
Sat, 06 Sep 2025US$444.4bUS$555.1bUS$16.1b19.7x27.5x0.8x
Mon, 04 Aug 2025US$447.3bUS$549.4bUS$16.5b20.5x27.2x0.8x
Wed, 02 Jul 2025US$442.9bUS$549.6bUS$23.2b19.3x19.1x0.8x
Fri, 30 May 2025US$428.1bUS$468.1bUS$22.5b19.4x19x0.9x
Sun, 27 Apr 2025US$438.4bUS$472.2bUS$24.8b18.4x17.7x0.9x
Tue, 25 Mar 2025US$439.3bUS$471.5bUS$24.3b17.3x18.1x0.9x
Thu, 20 Feb 2025US$434.8bUS$475.1bUS$25.9b19.3x16.8x0.9x
Sat, 18 Jan 2025US$428.5bUS$464.1bUS$21.8b20.2x19.7x0.9x
Mon, 16 Dec 2024US$465.2bUS$464.4bUS$21.6b21.1x21.5x1x
Wed, 13 Nov 2024US$469.2bUS$460.5bUS$21.8b18.4x21.5x1x
Fri, 11 Oct 2024US$483.8bUS$462.1bUS$22.6b18x21.4x1x
Sun, 08 Sep 2024US$501.9bUS$461.4bUS$22.3b20.7x22.5x1.1x
Tue, 06 Aug 2024US$480.4bUS$461.4bUS$21.6b19.1x22.3x1x
Thu, 04 Jul 2024US$458.2bUS$473.3bUS$25.1b15.6x18.3x1x
Sat, 01 Jun 2024US$468.8bUS$474.0bUS$24.3b16.3x19.3x1x
Mon, 29 Apr 2024US$483.0bUS$475.9bUS$24.5b16.7x19.7x1x
Wed, 27 Mar 2024US$482.6bUS$473.0bUS$24.8b15.5x19.5x1x
Fri, 23 Feb 2024US$473.5bUS$478.2bUS$24.9b14.8x19x1x
Sun, 21 Jan 2024US$489.9bUS$489.9bUS$25.4b15.7x19.3x1x
Tue, 19 Dec 2023US$490.8bUS$490.1bUS$25.5b16.8x19.3x1x
Thu, 16 Nov 2023US$479.7bUS$489.8bUS$25.5b15.9x18.8x1x
Sat, 14 Oct 2023US$453.6bUS$494.5bUS$26.4b16.7x17.2x0.9x
Mon, 11 Sep 2023US$502.0bUS$491.3bUS$26.4b17.5x19x1x
Wed, 09 Aug 2023US$535.3bUS$490.7bUS$26.3b17.7x20.3x1.1x
Fri, 07 Jul 2023US$542.7bUS$499.6bUS$26.6b17.2x20.4x1.1x
Sun, 04 Jun 2023US$557.5bUS$499.1bUS$27.6b18.3x20.2x1.1x
Tue, 02 May 2023US$581.9bUS$497.7bUS$29.3b18.8x19.8x1.2x
Thu, 30 Mar 2023US$557.2bUS$494.5bUS$27.8b18x20.1x1.1x
Sat, 25 Feb 2023US$549.9bUS$492.4bUS$27.9b18.5x19.7x1.1x
Mon, 23 Jan 2023US$541.7bUS$486.7bUS$28.1b18.1x19.3x1.1x
Price to Earnings Ratio

19.3x


Total Market Cap: US$541.7bTotal Earnings: US$28.1bTotal Revenue: US$486.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 20.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Food industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.9x which is higher than its 3-year average PE of 20.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.97x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Staples industry?

US Market0.31%
Consumer Staples4.38%
Food5.72%
Agricultural Products8.55%
Packaged Foods and Meats5.17%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 22.8x.
    • Analysts are expecting annual earnings growth of 17.7%, which is higher than its past year's earnings growth of 4.0% per year.
  • Investors are most pessimistic about the Agricultural Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 2.9% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 18% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MDLZ Mondelez InternationalUS$57.306.1%
+US$4.3b		-1.2%PE20.9x
HSY HersheyUS$201.078.8%
+US$3.3b		30.5%PE30x
ADM Archer-Daniels-MidlandUS$66.578.8%
+US$2.6b		30.5%PE26.9x
BG Bunge GlobalUS$108.8311.6%
+US$2.2b		37.1%PE15.9x
JBS JBSUS$15.099.8%
+US$1.5b		n/aPE8.1x

Latest News

POST
US$98.10
Post Holdings
7D
-0.3%
1Y
-8.8%
HRL
US$24.72
Hormel Foods
7D
8.1%
1Y
-17.3%
MDLZ
US$57.30
Mondelez International
7D
6.1%
1Y
-1.2%
LWAY
US$22.14
Lifeway Foods
7D
-2.4%
1Y
-1.1%
KHC
US$24.25
Kraft Heinz
7D
3.5%
1Y
-16.3%
VFF
US$3.43
Village Farms International
7D
-2.0%
1Y
378.4%
ADM
US$66.57
Archer-Daniels-Midland
7D
8.8%
1Y
30.5%
BG
US$108.83
Bunge Global
7D
11.6%
1Y
37.1%

BG: Ongoing Share Cancellations And Capital Reduction Will Support Future Earnings Power

Narrative Update on Bunge Global Analysts have nudged their price target on Bunge Global higher to about $110 from roughly $108, reflecting slightly adjusted assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that together point to a modestly more constructive view on the shares. What's in the News Bunge Global amended Article 4 of its Articles of Association on December 16, 2025 to reflect a share capital reduction of US$123,826.10, from US$2,208,943.73 to US$2,085,117.63, following the cancellation of 12,382,610 repurchased shares with a nominal value of US$0.01 per share.
HSY
US$201.07
Hershey
7D
8.8%
1Y
30.5%

HSY: Easing Cocoa Tariffs And Cost Relief Will Test Demand Elasticity

Analysts have nudged their Hershey fair value estimate higher to about US$194 from roughly US$192, highlighting easing cocoa costs, tariff relief, and scope for reinvestment that support slightly higher long term margins along with a modestly richer future P/E assumption. Analyst Commentary Recent Street research on Hershey clusters around two themes, easing cocoa and tariff costs on the positive side, and questions around demand elasticity and earnings power on the cautious side.
VITL
US$29.49
Vital Farms
7D
-1.9%
1Y
-31.6%

VITL: Index Additions And Brand Strength Will Support Future Upside Potential

Analysts trimmed their price target on Vital Farms to US$48 from US$53, citing recent Nielsen scanner data that showed softer retail volumes and heavier discounting in the period through November 15. Analyst Commentary Recent commentary points to a mixed view on Vital Farms, with the lower price target reflecting both execution risks and continued confidence in the broader equity story.
NOMD
US$11.91
Nomad Foods
7D
-0.8%
1Y
-29.5%

NOMD: Leadership Transition And Conservative Outlook Will Create Long-Term Upside

Analysts have reduced their price target on Nomad Foods to €17.92 from €27.69, citing updated assumptions for revenue growth, profit margins, the discount rate, and a lower future P/E multiple. What's in the News Nomad Foods issued earnings guidance for full year 2025, indicating it expects results near the low end of its existing ranges, with organic revenue near the low end of its flat to 2% decline range (Company guidance).
TSN
US$60.43
Tyson Foods
7D
5.3%
1Y
7.9%

TSN: Beef Plant Closures And Tariff Cuts Will Support Future Margin Recovery

Analysts have nudged their fair value estimate for Tyson Foods slightly higher to about US$77.42 from about US$77.18. This change reflects small updates to revenue growth, profit margin, discount rate assumptions and the future P/E multiple used in their models.
AFRI
US$10.37
Forafric Global
7D
-3.9%
1Y
6.0%
JBS
US$15.09
JBS
7D
9.8%
1Y
n/a
BRLS
US$1.10
Borealis Foods
7D
-30.8%
1Y
-82.1%
ABVE
US$2.00
Above Food Ingredients
7D
-14.2%
1Y
233.3%

Above Food: Merger Intrigue Merits Extreme Caution

Oct 09