Is Lamb Weston Holdings, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Lamb Weston Holdings, Inc. changed from very expensive to fair. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 14, an EV to EBITDA of 9.46, and a Price to Book Value of 4.91. In comparison, Conagra Brands, Inc. has a more attractive P/E of 8.91, while The J. M. Smucker Co. is considered risky with a P/E of 23.79.
Despite the recent grade change, Lamb Weston has underperformed relative to the S&P 500, with a year-to-date return of -2.72% compared to the index's 13.30%. Over the past three years, the stock has declined by 23.11%, while the S&P 500 has gained 81.19%, indicating a significant lag in performance.