Is Dole Plc overvalued or undervalued?

As of 3 October 2025, the valuation grade for Dole Plc has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time, with a P/E ratio of 9, a price to book value of 0.98, and an EV to EBITDA ratio of 6.41. In comparison, The Chefs' Warehouse, Inc. is considered expensive with a P/E of 39.53, while United Natural Foods, Inc. has a higher P/E of 15.05 but is categorized as risky.
Despite the fair valuation, Dole Plc has underperformed against the S&P 500 in recent periods, with a year-to-date return of -0.66% compared to the S&P 500's 14.18%. This trend is further emphasized by a one-year return of -13.62% for Dole Plc versus 17.82% for the index, suggesting that while the company is fairly valued, its recent performance may raise concerns for investors.