Is Seaboard Corp. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Seaboard Corp. has moved from attractive to fair, indicating a shift in its perceived investment quality. The company appears to be overvalued based on its current metrics, with a P/E ratio of 20, which is significantly higher than peers like Pilgrim's Pride Corp. at 8.20 and Cal-Maine Foods, Inc. at 6.80. Additionally, Seaboard's EV to EBITDA stands at 12.56, compared to the industry average of 5.45, further supporting the notion of overvaluation.
In terms of financial performance, Seaboard Corp. has a Price to Book Value of 0.57 and a ROE of 2.90%, which are relatively low compared to its peers. Despite a strong year-to-date return of 38.70% against the S&P 500's 16.30%, the long-term performance shows a decline, with a 5-year return of -2.18% compared to the S&P's 109.18%. This suggests that while recent performance may seem favorable, the overall valuation and long-term outlook may not justify the current price.