Is Dole Plc overvalued or undervalued?

As of 10 September 2025, the valuation grade for Dole Plc has moved from fair to attractive, indicating a more favorable assessment of its market position. The company appears to be undervalued, particularly when considering its P/E ratio of 9, which is significantly lower than the peer average, and an EV to EBITDA ratio of 6.41, suggesting strong earnings potential relative to its enterprise value. Additionally, the Price to Book Value stands at 0.98, indicating that the stock is trading close to its book value, which further supports the undervaluation thesis.
In comparison to its peers, Dole Plc's P/E ratio of 8.45 is markedly lower than The Chefs' Warehouse, Inc. at 39.53, and United Natural Foods, Inc. at 15.05, both of which are considered expensive or risky. This highlights Dole's relative attractiveness in the retailing sector. Despite recent stock performance showing a decline of 19.67% over the past year compared to a 17.14% gain in the S&P 500, the long-term outlook remains promising, especially with a 60% return over the past three years, albeit still trailing the S&P 500's 70.41% return in the same period.