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U.S. Food Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies132
  • 7D-0.6%
  • 3M0.8%
  • 1Y-5.2%
  • YTD3.6%

In the last week, the Food industry is flat overall, with General Mills standing out by going down 6.4%. Unfortunately though, the industry is down 5.2% over the past 12 months. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026US$404.9bUS$588.7bUS$11.1b17.7x36.6x0.7x
Tue, 11 Aug 2026US$410.4bUS$585.5bUS$11.7b17.8x35.2x0.7x
Thu, 09 Jul 2026US$399.5bUS$571.6bUS$9.1b16.6x43.9x0.7x
Sat, 06 Jun 2026US$397.1bUS$571.3bUS$10.2b17.9x38.7x0.7x
Mon, 04 May 2026US$409.4bUS$568.6bUS$10.1b20.2x40.5x0.7x
Wed, 01 Apr 2026US$412.2bUS$558.5bUS$10.6b20.7x38.8x0.7x
Fri, 27 Feb 2026US$432.0bUS$556.7bUS$9.9b24.5x43.8x0.8x
Sun, 25 Jan 2026US$413.0bUS$556.0bUS$14.4b21x28.7x0.7x
Tue, 23 Dec 2025US$394.0bUS$557.5bUS$14.5b19.8x27.1x0.7x
Thu, 20 Nov 2025US$422.9bUS$573.5bUS$17.2b19.2x24.7x0.7x
Sat, 18 Oct 2025US$434.4bUS$551.9bUS$16.3b17.9x26.7x0.8x
Mon, 15 Sep 2025US$442.8bUS$556.1bUS$16.2b18.8x27.4x0.8x
Wed, 13 Aug 2025US$446.8bUS$551.6bUS$16.1b20.7x27.7x0.8x
Fri, 11 Jul 2025US$447.2bUS$548.0bUS$23.2b19.9x19.3x0.8x
Sun, 08 Jun 2025US$429.3bUS$468.3bUS$22.4b20.3x19.1x0.9x
Tue, 06 May 2025US$438.3bUS$471.8bUS$23.3b19x18.8x0.9x
Thu, 03 Apr 2025US$454.1bUS$471.5bUS$24.7b17.6x18.4x1x
Sat, 01 Mar 2025US$446.0bUS$476.0bUS$24.8b18x18x0.9x
Mon, 27 Jan 2025US$428.2bUS$464.3bUS$21.8b20.1x19.6x0.9x
Wed, 25 Dec 2024US$446.2bUS$464.4bUS$21.6b20.3x20.7x1x
Fri, 22 Nov 2024US$462.4bUS$459.1bUS$21.4b19.4x21.6x1x
Sun, 20 Oct 2024US$488.5bUS$462.1bUS$22.6b18.3x21.6x1.1x
Tue, 17 Sep 2024US$499.1bUS$461.6bUS$22.3b19.4x22.4x1.1x
Thu, 15 Aug 2024US$480.7bUS$461.0bUS$22.2b19.3x21.7x1x
Sat, 13 Jul 2024US$458.9bUS$473.4bUS$24.5b17.2x18.7x1x
Mon, 10 Jun 2024US$467.4bUS$473.7bUS$25.1b14.9x18.6x1x
Wed, 08 May 2024US$485.4bUS$474.2bUS$24.2b16.5x20x1x
Fri, 05 Apr 2024US$480.9bUS$472.8bUS$24.8b15.9x19.4x1x
Sun, 03 Mar 2024US$471.8bUS$477.0bUS$24.9b14.9x18.9x1x
Tue, 30 Jan 2024US$487.1bUS$490.0bUS$25.5b15.9x19.1x1x
Thu, 28 Dec 2023US$493.2bUS$490.0bUS$25.5b16.6x19.3x1x
Sat, 25 Nov 2023US$484.6bUS$490.5bUS$25.6b16.1x18.9x1x
Mon, 23 Oct 2023US$455.3bUS$494.5bUS$26.4b16.6x17.3x0.9x
Wed, 20 Sep 2023US$506.9bUS$491.1bUS$26.4b18.6x19.2x1x
Price to Earnings Ratio

19.2x


Total Market Cap: US$506.9bTotal Earnings: US$26.4bTotal Revenue: US$491.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 25.1x202420252026
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 36.6x which is higher than its 3-year average PE of 25.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 25% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.2% 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-0.94%
Consumer Staples-1.29%
Food-0.58%
Agricultural Products1.71%
Packaged Foods and Meats-1.26%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 27.5x.
    • Analysts are expecting annual earnings growth of 22.7%, which is higher than its past year's earnings decline of 3.4% 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 17.7x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 3.4% per year.
  • In contrast, the Agricultural Products industry is expected to see its earnings grow by 16% 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$62.441.9%
+US$1.5b		0.7%PE22.7x
ADM Archer-Daniels-MidlandUS$86.722.5%
+US$1.0b		40.8%PE23.6x
BG Bunge GlobalUS$122.413.1%
+US$710.8m		50.0%PE23.3x
TSN Tyson FoodsUS$52.983.0%
+US$547.4m		-3.9%PE32.4x
HSY HersheyUS$173.320.1%
+US$34.2m		-6.3%PE23.4x

Latest News

SFD
US$20.26
Smithfield Foods
7D
-7.8%
1Y
-17.1%
CAG
US$14.60
Conagra Brands
7D
-5.7%
1Y
-23.8%
GIS
US$35.85
General Mills
7D
-6.4%
1Y
-28.2%
UTZ
US$14.28
Utz Brands
7D
0.5%
1Y
10.3%
BG
US$122.41
Bunge Global
7D
3.1%
1Y
50.0%
Narrative Update • Sep 10

BG: Higher Future P/E And Ongoing Buybacks Will Support Upside

Analysts have lifted their price target for Bunge Global from $150 to $155, reflecting updated assumptions for revenue growth, profit margins, discount rate and future P/E multiples. What’s in the News for Bunge Global Bunge Global reported a buyback tranche update covering April 1, 2026 to June 30, 2026, with no shares repurchased and no cash used under the program announced on March 10, 2026.
HRL
US$20.57
Hormel Foods
7D
-4.5%
1Y
-18.0%
AVO
US$13.01
Mission Produce
7D
2.6%
1Y
2.1%
KHC
US$24.60
Kraft Heinz
7D
-1.0%
1Y
-5.9%
Seeking Alpha • Sep 09

Kraft Heinz: Cheap For A Reason

Summary Kraft Heinz is rated “Sell.” I recommend selling existing shares and avoiding new purchases at $26.26, above my $21.07 fair value. Five years of negative volume/mix and organic sales declines reflect weak brand moat, intense private-label competition, and shifting consumer preferences. The current price already assumes a recovery requiring 3.68% perpetual earnings growth. Management's $700 million reinvestment and health-focused innovation are in the right direction, but there is much competition in that health-focused sector, where KHC doesn't have an advantage. Read the full article on Seeking Alpha
ADM
US$86.72
Archer-Daniels-Midland
7D
2.5%
1Y
40.8%
Seeking Alpha • Sep 09

Archer-Daniels-Midland Company: Agro Commodity Supercycle Inflection Unlocks Asymmetric Upside

Summary Archer-Daniels-Midland is positioned to benefit from an emerging agro-commodity supercycle, supported by macro tailwinds like a weakening DXY and rising fertilizer prices. ADM’s aggressive cost-saving initiatives ($500–$750 million), brownfield expansions, and operational fixes are set to drive margin expansion and operating leverage. The company’s robust balance sheet, disciplined capital allocation, and a 50+ year dividend growth streak provide strong downside protection and shareholder returns. I rate ADM a buy, citing asymmetric risk-reward, fair valuation, and significant re-rating potential as the agricultural cycle turns favorable. Read the full article on Seeking Alpha
MDLZ
US$62.44
Mondelez International
7D
1.9%
1Y
0.7%
HSY
US$173.32
Hershey
7D
0.1%
1Y
-6.3%
Seeking Alpha • Sep 05

Hershey: The Bear Case Just Melted, I'm Upgrading To Bullish While Yielding 3.32%

Summary I am upgrading The Hershey Company to bullish, citing cocoa deflation, improved logistics, and strong execution. HSY delivered a Q2 double beat, raised full-year guidance, and now trades at 17.7x 2027 EPS with a 3.32% yield. Management demonstrated resilience through commodity headwinds, expanding margins and maintaining dividend growth even during EPS declines. With cocoa and oil pressures easing, and EPS projected to compound double digits, I expect HSY to retake $200 in 2027. Read the full article on Seeking Alpha
TSN
US$52.98
Tyson Foods
7D
3.0%
1Y
-3.9%
Narrative Update • Sep 04

TSN: Chicken Execution And Beef Rebuild Will Shape Earnings Recovery

Analysts have trimmed their average price target for Tyson Foods by about $2 to roughly $66, as they factor in reduced earnings visibility following cuts to the company’s fiscal 2026 guidance, particularly in chicken and beef profitability. Analyst Commentary Recent research on Tyson Foods highlights a mix of caution and guarded optimism as analysts reassess profit expectations and valuation following the fiscal 2026 guidance cut.
SJM
US$121.14
J. M. Smucker
7D
-3.9%
1Y
12.4%
Narrative Update • Sep 03

SJM: Coffee Deflation Tailwind Will Eventually Face Margin And Earnings Pressure

Analysts have raised their aggregate price target on J. M.
FRPT
US$63.74
Freshpet
7D
-9.3%
1Y
16.3%
JBS
US$12.59
JBS
7D
-3.4%
1Y
-20.2%
TR
US$38.89
Tootsie Roll Industries
7D
0.3%
1Y
-0.008%