Is The Mosaic Co. overvalued or undervalued?

As of 5 August 2025, The Mosaic Co. has moved from a very expensive to a fair valuation grade. The company appears fairly valued based on its current metrics. The P/E ratio stands at 24, while the Price to Book Value is 0.97, and the EV to EBITDA is 6.83, indicating a reasonable valuation relative to its earnings and asset base.
In comparison to its peers, The Mosaic Co. has a P/E ratio higher than CF Industries Holdings, Inc. at 8.64 and CVR Partners LP at 10.49, both of which are considered very attractive. However, it is lower than FMC Corp. at 36.34, which is categorized as very attractive as well. Notably, The Mosaic Co. has outperformed the S&P 500 with a year-to-date return of 39.22% compared to the index's 12.22%, reinforcing the notion that the stock is positioned fairly in the market.