4 models fit Ingles Markets Incorporated Class A Common Stock and they disagree: 0 of 4 land within 15% of the average.
Two or more of our models back this value.
Discount(i)Bronze58
Valued as a mature, profitable company: Discounted cash flow, P/E comparison, EV/EBITDA comparison, Graham number, and Dividend discount.
ACCE opinionIngles Markets Incorporated Class A Common Stock (IMKTA)
Fair value (4 models)
$113
ACCE price target
$90.00
Rating
Undervalued
Horizon
12 months
Fair value published on 17 Oct 2026, 00:00 CEST; previously $87.67 since 12 Oct 2026, 00:00 CEST.
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $87.88 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow, Dividend discount, EV/EBITDA comparison, Graham number, and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
22.3% below
+28.6% to fair value
ACCE score
48
out of 100
P/E
16.2x
forward 8.6x
1-year return
+21.0%
Dividend yield
0.78%
Ingles Markets Incorporated Class A Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Ingles Markets operates roughly 200 supermarkets across the Southeast and Mid-Atlantic under the Ingles banner, alongside Ingles' in-store pharmacies, fuel centers and a meaningful Ingles-branded private label. Its moat is local density: clustering stores in tight regional footprints lets it run its own distribution network and keeps logistics costs below what a sparser national chain pays. The near-term driver is the company's ongoing store remodel and fuel-center program, which management has leaned on to defend share against Walmart and Kroger in its markets. The stock trades at 15.9x trailing earnings but 8.6x forward, a gap that signals the market expects earnings to recover from a thin 2.1% operating margin, but that expectation needs testing. Revenue growth of 1.6% and a 6.3% ROE leave little room for error, so the case rests on margin repair, which a deeper look needs to confirm before anything else.