MCCORMICK & CO INC (MKC)

Miscellaneous Food Preparations & Kindred Products

Latest Price

$50.39

TTM P/E

8.38

Normalized P/E

15.01

Div Yield

3.69%

Book Value

25.99

P/B Ratio

1.94

Valuation metrics

EPS: $2.93

Book value / share: $21.29

Formula: √(22.5 × EPS × BVPS)

Graham Number

$37.47

26% downside

Norm. op. income: $1000M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

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

Earnings Power Value

$14.93

70% downside

Base FCF: $647M (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

$5.76

89% downside

EPS: $2.93

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$43.95

13% downside

97.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	20.95M	$1.06B	8.25%	-324.8K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	16.61M	$837.0M	6.54%	+95.2K	2026-06-30
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO	16.52M	$833.0M	6.50%	--	2026-06-30
STATE STREET CORP	15.33M	$772.0M	6.03%	-19.0K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	13.85M	$698.0M	5.45%	-13.9K	2026-06-30
Aristotle Capital Management, LLC	11.39M	$574.0M	4.48%	-1.28M	2026-06-30
Sanders Capital, LLC	8.11M	$408.0M	3.19%	--	2026-06-30
XXEC, Inc.	7.41M	$154.0M	2.92%	--	2026-06-30
Boston Partners	7.23M	$364.0M	2.85%	+2.82M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	6.81M	$342.0M	2.68%	+147.1K	2026-06-30