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U.S. Food Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies140
  • 7D4.5%
  • 3M4.3%
  • 1Y-8.8%
  • YTD4.9%

In the last week, the Food industry is up 1.6%, with Archer-Daniels-Midland leading the way with a 9.2% gain. In contrast, the industry has lost 10% in the last 12 months. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026US$405.0bUS$558.2bUS$9.8b19.9x41.4x0.7x
Mon, 23 Feb 2026US$429.6bUS$556.2bUS$10.0b24.6x43x0.8x
Wed, 21 Jan 2026US$403.4bUS$555.8bUS$14.4b21.4x28.1x0.7x
Fri, 19 Dec 2025US$396.9bUS$557.7bUS$15.4b20.2x25.8x0.7x
Sun, 16 Nov 2025US$422.0bUS$572.7bUS$17.2b18.5x24.6x0.7x
Tue, 14 Oct 2025US$431.9bUS$551.4bUS$16.1b18.1x26.8x0.8x
Thu, 11 Sep 2025US$447.0bUS$555.2bUS$16.1b18.8x27.7x0.8x
Sat, 09 Aug 2025US$452.0bUS$550.6bUS$16.1b20.4x28.1x0.8x
Mon, 07 Jul 2025US$460.0bUS$549.7bUS$23.2b20.1x19.8x0.8x
Wed, 04 Jun 2025US$433.1bUS$468.2bUS$22.4b19.8x19.3x0.9x
Fri, 02 May 2025US$443.2bUS$472.3bUS$24.0b17.4x18.5x0.9x
Sun, 30 Mar 2025US$450.8bUS$470.9bUS$24.6b17.7x18.3x1x
Tue, 25 Feb 2025US$451.8bUS$475.9bUS$25.9b18.9x17.4x0.9x
Thu, 23 Jan 2025US$430.9bUS$464.1bUS$21.8b19.7x19.8x0.9x
Sat, 21 Dec 2024US$442.8bUS$464.4bUS$21.6b19.8x20.5x1x
Mon, 18 Nov 2024US$458.5bUS$460.8bUS$22.3b18.9x20.6x1x
Wed, 16 Oct 2024US$488.0bUS$462.1bUS$22.6b18.4x21.6x1.1x
Fri, 13 Sep 2024US$492.3bUS$461.5bUS$22.3b20.5x22.1x1.1x
Sun, 11 Aug 2024US$481.1bUS$461.0bUS$22.2b18.6x21.7x1x
Tue, 09 Jul 2024US$458.1bUS$473.4bUS$25.1b15.7x18.3x1x
Thu, 06 Jun 2024US$474.2bUS$473.7bUS$24.3b14.9x19.5x1x
Sat, 04 May 2024US$483.8bUS$474.2bUS$24.0b15.7x20.2x1x
Mon, 01 Apr 2024US$488.3bUS$472.9bUS$25.0b15.7x19.5x1x
Wed, 28 Feb 2024US$472.7bUS$478.7bUS$25.0b15x18.9x1x
Fri, 26 Jan 2024US$481.4bUS$490.0bUS$25.5b15.9x18.9x1x
Sun, 24 Dec 2023US$489.0bUS$490.0bUS$25.5b16.7x19.2x1x
Tue, 21 Nov 2023US$480.1bUS$490.5bUS$25.6b16.3x18.8x1x
Thu, 19 Oct 2023US$460.4bUS$494.5bUS$26.4b17x17.5x0.9x
Sat, 16 Sep 2023US$505.6bUS$491.1bUS$26.4b18.8x19.2x1x
Mon, 14 Aug 2023US$536.6bUS$490.9bUS$26.3b16.6x20.4x1.1x
Wed, 12 Jul 2023US$535.4bUS$494.1bUS$26.3b17.2x20.4x1.1x
Fri, 09 Jun 2023US$550.6bUS$499.3bUS$26.8b17.3x20.6x1.1x
Sun, 07 May 2023US$583.8bUS$498.3bUS$28.7b17.8x20.3x1.2x
Tue, 04 Apr 2023US$563.6bUS$495.0bUS$28.0b18.2x20.1x1.1x
Price to Earnings Ratio

20.1x


Total Market Cap: US$563.6bTotal Earnings: US$28.0bTotal Revenue: US$495.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 21.9x202420252026
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 41.4x which is higher than its 3-year average PE of 21.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.95x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 30% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.1% 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 Market-1.92%
Consumer Staples1.65%
Food4.46%
Agricultural Products7.65%
Packaged Foods and Meats3.66%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 24.1x.
    • Analysts are expecting annual earnings growth of 18.6%, which is higher than its past year's earnings decline of 0.3% 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 14.6x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 32% per year.
  • In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 19% 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
ADM Archer-Daniels-MidlandUS$72.239.2%
+US$2.9b		50.9%PE32.2x
MDLZ Mondelez InternationalUS$58.273.7%
+US$2.6b		-14.0%PE30.5x
JBS JBSUS$17.0319.5%
+US$2.4b		n/aPE9x
BG Bunge GlobalUS$128.728.9%
+US$2.0b		68.4%PE30.4x
TSN Tyson FoodsUS$63.929.9%
+US$2.0b		2.5%PE112.5x

Latest News

VITL
US$13.14
Vital Farms
7D
-9.4%
1Y
-55.8%
ADM
US$72.23
Archer-Daniels-Midland
7D
9.2%
1Y
50.9%
JBS
US$17.03
JBS
7D
19.5%
1Y
n/a
GIS
US$36.45
General Mills
7D
-1.5%
1Y
-38.3%
SFD
US$26.69
Smithfield Foods
7D
15.4%
1Y
31.9%
HSY
US$213.73
Hershey
7D
1.7%
1Y
25.8%
BG
US$128.72
Bunge Global
7D
8.9%
1Y
68.4%

BG: Buybacks And Modest Multiple Shift Will Support Steady Fair Value Outlook

Analysts now set their price target for Bunge Global at $132.50, up from $129.60. They cite updated assumptions around revenue growth, profit margins and the forward P/E multiple.
MZTI
US$137.13
Marzetti
7D
-4.8%
1Y
-21.5%
MDLZ
US$58.27
Mondelez International
7D
3.7%
1Y
-14.0%
SJM
US$95.24
J. M. Smucker
7D
-4.2%
1Y
-18.1%
POST
US$95.70
Post Holdings
7D
-1.1%
1Y
-16.9%

POST: Share Repurchases And Stable Margins Will Support Further Upside

Analysts have modestly raised their price target on Post Holdings to $130.13. This reflects slight adjustments to discount rate and forward P/E assumptions while keeping fair value essentially unchanged.
OFRM
US$15.26
Once Upon A Farm PBC
7D
-10.8%
1Y
n/a

Cooler Expansion Risks And Premium Positioning Will Challenge Execution Yet Support Long Term Potential

Catalysts About Once Upon A Farm PBC Once Upon A Farm PBC produces USDA certified organic, fresh-positioned baby and kids nutrition products across pouches, snacks and refrigerated offerings in major U.S. retail channels. What are the underlying business or industry changes driving this perspective?
DAR
US$59.28
Darling Ingredients
7D
7.5%
1Y
87.9%
FRPT
US$55.93
Freshpet
7D
-13.3%
1Y
-33.7%

FRPT: Manufacturing Moat And Slower Category Trends Will Shape Future Upside

The analyst fair value estimate for Freshpet has increased from $56.00 to $69.00, as analysts highlight Q4 earnings strength, clearer paths to margin improvement supported by the manufacturing moat, and reduced concerns around competition from Costco and other fresh pet food entrants. Analyst Commentary Recent research on Freshpet centers on Q4 performance, the outlook for margins, and how the company is positioned against both traditional pet food peers and fresh entrants such as Costco and General Mills.
TSN
US$63.92
Tyson Foods
7D
9.9%
1Y
2.5%

TSN: Beef Margin Recovery And Breakup Legislation Will Shape Future Returns

Analysts have trimmed the fair value estimate for Tyson Foods to $58 from $60, aligning it with a new $58 price target that reflects updated views on slightly stronger revenue growth and profit margins, as well as a lower assumed future P/E multiple. Analyst Commentary Recent Street research around Tyson Foods has been mixed, with some firms increasing price targets while others adopt a more guarded tone.
CALM
US$77.12
Cal-Maine Foods
7D
-1.6%
1Y
-15.3%