Is AGCO Corp. overvalued or undervalued?

As of 24 October 2025, the valuation grade for AGCO Corp. has moved from very expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a Price to Book Value of 1.98, an EV to EBITDA of 9.18, and an EV to Sales ratio of 0.92. In comparison, CNH Industrial NV has a higher P/E ratio of 19.42 and a lower EV to EBITDA of 10.28, indicating a more expensive valuation relative to AGCO.
AGCO's recent stock performance shows a year-to-date return of 16.25%, which outpaces the S&P 500's return of 15.47%, suggesting that the stock is performing well relative to the broader market. However, over the longer term, AGCO's 3-year return of -6.07% significantly lags behind the S&P 500's 78.85%, indicating potential volatility and challenges in maintaining growth.