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U.S. Food Industry Analysis

UpdatedAug 04, 2026
DataAggregated Company Financials
Companies133
  • 7D-2.5%
  • 3M-0.7%
  • 1Y-3.2%
  • YTD4.8%

Over the last 7 days, the Food industry has dropped 2.5%, driven by declines in Bunge Global and Archer-Daniels-Midland of 10% and 6.2%, respectively. However, the industry is down 3.2% over the past year. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Aug 2026US$408.9bUS$583.2bUS$8.5b16x48.1x0.7x
Fri, 03 Jul 2026US$402.3bUS$571.6bUS$9.1b17x44.2x0.7x
Sun, 31 May 2026US$403.9bUS$571.1bUS$10.3b18.5x39.3x0.7x
Tue, 28 Apr 2026US$406.5bUS$557.8bUS$9.9b20.9x41.1x0.7x
Thu, 26 Mar 2026US$402.8bUS$556.2bUS$9.8b20.7x41x0.7x
Sat, 21 Feb 2026US$429.0bUS$556.2bUS$10.0b24.6x43x0.8x
Mon, 19 Jan 2026US$403.4bUS$555.7bUS$14.4b21.3x28.1x0.7x
Wed, 17 Dec 2025US$397.4bUS$558.1bUS$15.8b19.9x25.2x0.7x
Fri, 14 Nov 2025US$420.6bUS$570.3bUS$17.3b18.5x24.3x0.7x
Sun, 12 Oct 2025US$431.9bUS$550.8bUS$16.1b17.7x26.8x0.8x
Tue, 09 Sep 2025US$449.3bUS$555.1bUS$16.1b19.5x27.8x0.8x
Thu, 07 Aug 2025US$449.2bUS$550.1bUS$16.1b20.6x27.9x0.8x
Sat, 05 Jul 2025US$460.0bUS$549.7bUS$23.2b20.1x19.8x0.8x
Mon, 02 Jun 2025US$433.3bUS$468.1bUS$22.5b19.5x19.2x0.9x
Wed, 30 Apr 2025US$435.4bUS$472.2bUS$24.8b17.5x17.5x0.9x
Fri, 28 Mar 2025US$446.2bUS$470.9bUS$24.6b18x18.1x0.9x
Sun, 23 Feb 2025US$451.2bUS$475.9bUS$25.8b19.7x17.5x0.9x
Tue, 21 Jan 2025US$429.3bUS$464.1bUS$21.8b20.2x19.7x0.9x
Thu, 19 Dec 2024US$460.4bUS$464.4bUS$21.6b19.3x21.3x1x
Sat, 16 Nov 2024US$465.9bUS$460.8bUS$22.5b17.6x20.7x1x
Mon, 14 Oct 2024US$484.2bUS$462.1bUS$22.6b18.2x21.4x1x
Wed, 11 Sep 2024US$503.4bUS$461.4bUS$22.3b21.6x22.6x1.1x
Fri, 09 Aug 2024US$477.5bUS$460.9bUS$22.2b18.8x21.5x1x
Sun, 07 Jul 2024US$458.2bUS$473.4bUS$25.1b15.7x18.3x1x
Tue, 04 Jun 2024US$477.6bUS$474.1bUS$24.3b15.2x19.6x1x
Thu, 02 May 2024US$484.0bUS$473.5bUS$23.5b15.6x20.6x1x
Sat, 30 Mar 2024US$488.3bUS$473.0bUS$24.9b15.6x19.6x1x
Mon, 26 Feb 2024US$474.3bUS$478.2bUS$24.9b14.9x19.1x1x
Wed, 24 Jan 2024US$479.2bUS$489.9bUS$25.4b15.9x18.8x1x
Fri, 22 Dec 2023US$481.6bUS$490.0bUS$25.5b16.5x18.9x1x
Sun, 19 Nov 2023US$479.5bUS$490.1bUS$25.6b15.7x18.7x1x
Tue, 17 Oct 2023US$457.8bUS$494.5bUS$26.4b17x17.4x0.9x
Thu, 14 Sep 2023US$505.6bUS$491.1bUS$26.4b18.8x19.2x1x
Sat, 12 Aug 2023US$536.6bUS$490.9bUS$26.3b16.6x20.4x1.1x
Price to Earnings Ratio

20.4x


Total Market Cap: US$536.6bTotal Earnings: US$26.3bTotal Revenue: US$490.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Food Industry Price to Earnings3Y Average 24.5x202420252026
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 48.1x which is higher than its 3-year average PE of 24.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Food industry have declined 31% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.9% 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 Market2.39%
Consumer Staples-1.80%
Food-2.52%
Packaged Foods and Meats-2.34%
Agricultural Products-3.17%
Industry PE
  • Investors are most optimistic about the Packaged Foods and Meats industry which is trading above its 3-year average PE ratio of 26.7x.
    • Analysts are expecting annual earnings growth of 20.6%, which is higher than its past year's earnings decline of 9.2% 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 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Packaged Foods and Meats industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 9.2% per year.
  • In contrast, the Agricultural Products 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
DAR Darling IngredientsUS$60.153.0%
+US$274.9m		89.7%PE16x
MKC McCormickUS$52.061.0%
+US$142.5m		-25.4%PE8.6x
INGR IngredionUS$104.631.9%
+US$121.1m		-17.2%PE11.1x
SMPL Simply Good FoodsUS$11.326.4%
+US$60.2m		-62.3%PS0.7x
OFRM Once Upon A Farm PBCUS$17.219.1%
+US$59.9m		n/aPS2.7x

Latest News

GIS
US$36.19
General Mills
7D
-3.9%
1Y
-26.4%
ADM
US$79.87
Archer-Daniels-Midland
7D
-4.0%
1Y
38.6%
PPC
US$26.97
Pilgrim's Pride
7D
-9.5%
1Y
-44.9%
Seeking Alpha • 12h

Pilgrim's Pride Is Starting To Enter Attractive Territory As The Poultry Cycle Deteriorates

Summary Pilgrim’s Pride (PPC) is the leading US poultry pure-play, recently suffering a 50% share price decline amid cyclical oversupply pressures. PPC’s Q2 saw operating income fall nearly 90% YoY, with margins halved due to a 4.5% YoY increase in US poultry production outpacing demand. I initiate coverage with a Buy, citing PPC’s sub-10x normalized earnings multiple, sound balance sheet, and strategic investment in less commoditized segments. Position-building should be cautious, as further downside is possible if poultry fundamentals deteriorate before the cycle turns. Read the full article on Seeking Alpha
HSY
US$179.04
Hershey
7D
-2.4%
1Y
-5.2%
TSN
US$58.74
Tyson Foods
7D
-4.0%
1Y
7.2%
BG
US$106.73
Bunge Global
7D
-9.1%
1Y
29.5%
SFD
US$25.34
Smithfield Foods
7D
-6.5%
1Y
0.6%
SMPL
US$11.32
Simply Good Foods
7D
6.4%
1Y
-62.3%
Narrative Update • Aug 03

SMPL: Category Pressures Will Set Up Healthier Earnings Mix Ahead

Analysts have cut the fair value estimate for Simply Good Foods to $12 from $22, reflecting lower revenue growth expectations, a reduced future P/E multiple, and mixed views on brand recovery and category pressures, even as some recent price targets across the Street cluster around $12 to $14. Analyst Commentary Recent research on Simply Good Foods shows a cautious tone, with several bearish analysts trimming price targets and reevaluating the risk profile.
DAR
US$60.15
Darling Ingredients
7D
3.0%
1Y
89.7%
BYND
US$0.63
Beyond Meat
7D
17.0%
1Y
-79.6%
INGR
US$104.63
Ingredion
7D
1.9%
1Y
-17.2%
KHC
US$26.64
Kraft Heinz
7D
-2.4%
1Y
-1.5%
Narrative Update • Jul 30

KHC: Post 2025 Brand Investment And Inflation Risks Will Pressure Turnaround Prospects

The updated fair value estimate for Kraft Heinz moves to $24.21 from $23.47. This reflects analyst price target revisions in the $22 to $25 range as they factor in adjusted revenue expectations, slightly higher profit margins, and a modestly higher future P/E assumption.
MKC
US$52.06
McCormick
7D
1.0%
1Y
-25.4%
Seeking Alpha • Jul 29

McCormick: The Market Still Underestimates The Unilever Deal

Summary McCormick & Company Incorporated remains a Buy, with valuation offering a solid margin of safety and re-rating potential post-Unilever deal. Q2 delivered 16.9% YoY revenue growth, driven by the McCormick de Mexico acquisition and organic pricing, reaffirming 2026 guidance for sales and margin expansion. Risks include higher leverage post-deal, potential selling pressure from Unilever shareholders, and persistent consumer trade-downs to private labels impacting legacy brands. Intrinsic value is estimated above the current, with macro improvements and deal synergies supporting upside and re-rating potential. Read the full article on Seeking Alpha
FRPT
US$62.38
Freshpet
7D
1.9%
1Y
-7.5%
Seeking Alpha • Jul 29

Freshpet: A Good Business With An Ugly Valuation

Summary Freshpet remains a growth leader, expanding household penetration and digital sales, but little of this progress is translating into earnings. FRPT trades at over 30x expected earnings despite consensus projecting EPS declines through 2027, making current valuation demanding. Management touts new manufacturing technology to boost margins, yet has not quantified savings or clarified when operating improvements will drive EPS and free cash flow. I rate FRPT a Hold; upcoming Q2 results and clearer evidence of margin improvement are critical for reassessing valuation. Read the full article on Seeking Alpha
OFRM
US$17.21
Once Upon A Farm PBC
7D
9.1%
1Y
n/a
Narrative Update • Jul 24

OFRM: Index Inclusions Will Support Future Re-Rating Potential

Analysts have revised their fair value estimate for Once Upon A Farm PBC to $17.00 from $22.00, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E expectations. What’s in the News for Once Upon A Farm PBC Once Upon A Farm PBC was added to the Russell 3000 Index, expanding its inclusion across a broad US equity benchmark.
MAMA
US$18.86
Mama's Creations
7D
5.7%
1Y
134.3%