Is Seaboard Corp. overvalued or undervalued?

As of 22 August 2025, the valuation grade for Seaboard Corp. has moved from attractive to very expensive, indicating a significant shift in its perceived value. The company appears overvalued given its current P/E ratio of 20, which is notably higher than its peers such as Pilgrim's Pride Corp. at 8.20 and Cal-Maine Foods, Inc. at 6.80. Additionally, Seaboard's EV to EBITDA stands at 5.45, while its peer Fresh Del Monte Produce has a more favorable ratio of 7.23, further suggesting that Seaboard may not justify its current valuation.
The stock has shown mixed performance relative to the S&P 500, with a year-to-date return of 59.49% compared to the index's 12.22%, but it has significantly lagged over longer periods, such as the 3-year and 5-year returns of 6.02% and 31.36%, respectively, versus 70.41% and 96.61% for the S&P 500. Overall, these metrics indicate that Seaboard Corp. is overvalued in its current market position.