General Mills has seen its share price fall sharply in recent years, which puts fresh focus on a simple question for investors: Does the current US$32.59 price tag make sense when you line it up against the cereal giant’s sales base?

• Over the past 3 years, the stock has declined 39.8%, which raises the issue of whether the market is rethinking how much it is willing to pay for General Mills’ revenue stream.
• The decision to appoint Dana McNabb as CEO from 2027, alongside recent portfolio moves such as exiting the U.S. yogurt business, can reshape how future sales mix and profitability feed into what investors are prepared to pay per dollar of turnover.
• Your read on General Mills is one view; the desks covering it have another. See what…