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. Based on the current metrics, the company appears to be fairly valued. The P/E ratio stands at 24, while the Price to Book Value is 0.97, and the EV to EBITDA ratio is 6.83. In comparison to peers, CF Industries Holdings, Inc. has a P/E of 8.64 and an EV to EBITDA of 4.97, indicating a more attractive valuation, while FMC Corp. shows a significantly higher P/E of 36.34.
In terms of recent performance, The Mosaic Co. has underperformed relative to the S&P 500 over the past week and month, with returns of -3.39% and -14.17%, respectively, while the S&P 500 gained 1.70% and 0.96%. However, the company has shown a positive year-to-date return of 19.28%, outperforming the S&P 500's 13.30%. Overall, The Mosaic Co. is fairly valued in the current market context.