Is The Mosaic Co. overvalued or undervalued?

As of 17 October 2025, The Mosaic Co. has moved from an attractive to a fair valuation grade, indicating a shift in its perceived investment quality. The company appears to be fairly valued at this time, with a P/E ratio of 24, a Price to Book Value of 0.97, and an EV to EBITDA ratio of 6.83. In comparison, CF Industries Holdings, Inc. shows a much lower P/E of 8.64 and an EV to EBITDA of 4.97, suggesting that Mosaic may not be as competitively priced within its industry.
The recent performance of The Mosaic Co. has been mixed, with a year-to-date return of 19.28% compared to the S&P 500's 13.30%, but it has significantly lagged over longer periods, such as a 3-year return of -39.23% versus the S&P 500's 81.19%. This discrepancy in returns reinforces the notion that while the stock may be fairly valued currently, its past performance raises concerns about its future growth potential.