Is Seaboard Corp. overvalued or undervalued?

As of 24 April 2025, Seaboard Corp. has moved from a fair valuation to very expensive. The company is currently overvalued, with a P/E ratio of 20, which is significantly higher than its peers such as Cal-Maine Foods, Inc. at 8.11 and MGP Ingredients, Inc. at 6.17. Additionally, Seaboard's EV to EBITDA stands at 5.45, while Cal-Maine's is at 5.09, indicating a premium valuation relative to its industry counterparts.
The company's financial metrics further reinforce this overvaluation, with a Price to Book Value of 0.57 and a ROE of only 2.90%. Despite a recent stock performance that outpaced the S&P 500 over the past month, with a return of 11.09% compared to the S&P's 3.83%, the overall valuation suggests that investors may be paying too much for Seaboard Corp. at this time.