Ingredion Inc (INGR)

Grain Mill Products

Latest Price

$99.07

TTM P/E

10.78

Normalized P/E

11.11

Div Yield

2.48%

Book Value

71.58

P/B Ratio

1.38

Valuation metrics

EPS: $11.18

Book value / share: $66.27

Formula: √(22.5 × EPS × BVPS)

Graham Number

$129.11

+30% upside

Norm. op. income: $762M (median of 7yr)

Tax rate: 27%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$74.29

25% downside

Base FCF: $626M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$153.73

+55% upside

EPS: $11.18

Target P/E: 11×

Formula: EPS × P/E

P/E Fair Value

$122.98

+24% upside

95.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	6.53M	$618.0M	10.34%	+183.9K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	4.88M	$462.0M	7.73%	+231.8K	2026-06-30
DIMENSIONAL FUND ADVISORS LP	3.36M	$317.0M	5.31%	+242.1K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.84M	$268.0M	4.49%	+27.7K	2026-06-30
LSV ASSET MANAGEMENT	2.27M	$214.0M	3.59%	+130.2K	2026-06-30
STATE STREET CORP	2.23M	$211.0M	3.53%	+67.6K	2026-06-30
FMR LLC	1.56M	$147.0M	2.46%	+30.6K	2026-06-30
AQR CAPITAL MANAGEMENT LLC	1.50M	$142.0M	2.37%	-705.8K	2026-06-30
YACKTMAN ASSET MANAGEMENT LP	1.47M	$139.0M	2.33%	+31.2K	2026-06-30
FIRST TRUST ADVISORS LP	1.38M	$130.0M	2.19%	-1.67M	2026-06-30