Is Mission Produce, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Mission Produce, Inc. has moved from very expensive to expensive, indicating a slight improvement in its perceived value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 18, an EV to EBITDA of 9.06, and a PEG ratio of 0.21, which suggests that the stock is trading at a premium compared to its growth prospects. In comparison, Pilgrim's Pride Corp. has a more attractive P/E of 8.20, while Cal-Maine Foods, Inc. shows an even lower P/E of 6.80, highlighting that Mission Produce is priced higher than its peers.
The stock has underperformed significantly relative to the S&P 500, with a year-to-date return of -18.44% compared to the index's 13.30%. This trend continues over longer periods, with a 3-year return of -24.24% against the S&P 500's 81.19%, reinforcing the notion that Mission Produce, Inc. is overvalued in the current market environment.