Is Seaboard Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Seaboard Corp. has moved from fair to very expensive, indicating a significant shift in its perceived value. The company appears overvalued based on its current metrics, with a P/E ratio of 20, which is substantially 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 ratio stands at 12.56, compared to the industry averages, further suggesting it is priced at a premium relative to its earnings potential.
In terms of performance, Seaboard Corp. has shown a year-to-date return of 40.19%, which outpaces the S&P 500's return of 13.30% during the same period. However, over longer periods, such as three and five years, the company's returns of -6.53% and 0.47% respectively, lag significantly behind the S&P 500's impressive gains. This discrepancy reinforces the notion that Seaboard Corp. is currently overvalued in the market.