Is Mission Produce, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Mission Produce, Inc. moved from very expensive to expensive, indicating a slight improvement but still suggesting that the stock is not a bargain. Based on the current valuation metrics, Mission Produce appears to be overvalued. The P/E ratio stands at 18, which is significantly higher than peers like Pilgrim's Pride Corp. at 8.20 and Cal-Maine Foods, Inc. at 6.80. Additionally, the EV to EBITDA ratio of 9.06 further supports this view, as it is higher than the industry average.
In comparison to its peers, Mission Produce's PEG ratio of 0.21 is favorable, yet it does not offset the overall expensive valuation. The company's recent stock performance has been disappointing, with a year-to-date return of -18.44% compared to the S&P 500's 13.30%, highlighting the challenges it faces in the market. Overall, these factors suggest that Mission Produce, Inc. is overvalued relative to its peers and market conditions.